Most fan splitters are wired incorrectly. Shocking but seems to be true. Of the three wires - red, black and yellow - red and black are power (defaults to 12V but reduced to slow fans) and ground respectively. The yellow is your tacho and is a pulse every time the fan makes a complete revolution (or two per rev). Your controller counts the pulses and translates it to rpm. If you have three fans connected you'll get three sets of pulses. These may be in sync by chance or you could get the evenly out of phase and see three times the pulse rate - long story short you'll get an erratic reading you can't rely on. You don't get any benefit like being able to see that one has failed.
TLDR: yellow wire to only one fan and the rest you assume run at same speed. This is accurate enough providing the fans are the same model.
TLDR: yellow wire to only one fan and the rest you assume run at same speed. This is accurate enough providing the fans are the same model.