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Two-Way Bet

 

The two-way bet propably is the most simple type of sportsbook. As can be deduced from the title, this type of bet asks for a prediction of two possible outcomes of an event. Two-way bets are usually applied to those events where only two possible outcomes exist, namely victory or loss. Hence, with two way bets the possibility of a draw is eliminated.

Usually, two way bets are most popular for tennis, volleyball and boxing, but also for knock out competitions in soccer.

Since only two possible outcomes are available to select for bettors, the theoretical prospects of winning are higher than with other types of sportsbooks, especially with regards to the highly popular three-way bet. Nevertheless, bookmakers obviously try to make up for this by adjusting the odds to levels that may not appear so tempting when compared to other kinds of sportsbooks.