Multipartite quantum entanglement plays a vital role in both fundamental science and quantum applications. The cascaded four‐wave mixing (FWM) process is an effective method to prepare multipartite entanglement, however, the physical nature of entanglement based on different cascading paths, i.e., simultaneous cascaded FWM (SC‐FWM) and ordinal cascaded FWM (OC‐FWM), has not yet been conclusively determined. In this article, tunable continuous‐variable (CV) triple‐mode entanglement is proposed to be generated by using both the SC‐FWM and OC‐FWM schemes. The simulation results reveal that the absorption/dispersion properties of the two nonlinear processes can be efficiently tuned by varying the optical parameters (i.e., the photon detuning and the nonlinear susceptibility), resulting in triple‐mode CV entanglement with tunable properties. Compared with the OC‐FWM scheme, the SC‐FWM scheme has a broader entanglement bandwidth and a higher degree of entanglement, where the tripartite entanglement region is 4.38% larger than that of the OC‐FWM scheme. Furthermore, these results indicate that the SC‐FWM scheme has a more compact and stable mode structure with better entanglement performance. Such tunable optical triple‐mode entanglement may find applications in specific quantum communication protocols and pave the way for implementing and manipulating multichannel quantum networks.