You can typically expect to see three outcomes in every match, whether it’s betting on a football match or sports betting in general. Either the home team wins, the away team wins, or the match ends in a draw. Typically, one team is considered the underdog, meaning betting is made easier. However, what happens when the teams are evenly matched, or you don’t have a favourite? How to place your bets then? This is where the double chance bet comes into play. Read on to learn how this works in sports betting, the best double chance strategy, and much more.
How Does Double Chance in Betting Work?
Basically, a double chance bet is a bet where you combine two possible outcomes in a single bet and at the cost of a single stake. Let’s illustrate that with an example. Say Liverpool is facing Real Madrid in the group stage of the Champions League at Anfield. A realistic draw, don’t you think? The double chance bet lets you cover two of the possible three outcomes of the game.
You want to back Liverpool for the win, but you also know the game can easily end in a draw. So, you can opt for a double chance bet, marked in this case as 1X, which will be a winning one if the home team wins or the game ends in a draw. If Real Madrid wins, your bet is a losing one.
The same goes if you want to back Real Madrid for the win, or you think they can win a point at least. In this case, the double chance bet is then marked as X2. If Liverpool runs away with it, you will lose the bet.
The final form of a double chance wager is when you bet on either the home win or the away win. This bet is marked as 12 in sportsbooks, and unless the game is a draw, you can expect a payout.
Top Operators for Double Chance Bets
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Double Chance Odds
As a punter, you would want to increase your chances of success any way you can. Some types of bets, like the double chance, give you just that. By placing a wager on two out of three possible outcomes of a game, you increase the chances of getting the bet right. Double chance betting is a low-risk endeavour that can be quite useful looking at betting strategy on a long-term basis.
On the other hand, any double chance betting market will come with typically lower odds than any that come with the individual 1×2 options.
It all comes down to whether you are willing to risk more or play it “safe” and get the best chance of winning possible.
The Advantages and Disadvantages of Double Chance Bets
There are two sides to every coin, and the same premise applies to double chance wagers. Here are some of the advantages and disadvantages of the betting market:
- You can use the bet to cover two outcomes of the ultimate three possible outcomes of most sporting events at the cost of a single stake.
- The bet gives you a better chance of success if the teams are equally matched.
- This is a perfect betting option for risk-averse punters.
- Most sports betting sites support the bet.
- Expect good odds when opting for the underdog.
- Betting odds when compared to odds on the 1X2 taken separately.
- Betting on the favourites will come with odds significantly lower still.
When Should You Place a Double Chance Bet?
If you ask yourself what this means in betting, a simple answer could be — more security and probability of success. This type of wager is particularly useful when you want to bet on a closely contested match where the odds for a home or away win will probably be even. In those fixtures, betting double chance seems like the most reasonable choice.
Moreover, a double chance bet can be more than a viable option if you are a high roller. If you are ready to invest big, even the lower odds for that double chance bet can bring good payouts.
Finally, double chance sports betting also works well when you decide to back the underdog. All types of bets that include backing the undervalued away team are bound to have good odds, and double chance bets are no different.
Double Chance Betting — Conclusion
Hopefully, this article has provided you with a clear image of what a double chance in betting is, how and when you can use it to get the most of it. We can sum up this betting market as a haven for those who are unwilling to risk much but still looking to score some wins. With a single bet, you cover two out of three outcomes and maximize your odds.