Clearly there's risk, I tend to like +150 to +200 bets better, but I'll sometimes bet the tie in soccer.
The tie bet will be somewhere around +240 to +300 or so. If the game is going to be a good game, with the underdog having a good chance, a tie is a likely outcome to that game. I've done well betting on ties in soccer to use my bonus bets, esp with EPL league.