Check out our analysis of the Double Chance betting market. Double Chance is one of the common sports betting terms. In this guide, we will discuss the Double chance meaning and everything you need to know about the market.
What Does the Double Chance Mean?
Double chance meaning can be drawn from the name, which means a player has double chances of winning. In other terms, this is a strategy where players can wager on two outcomes of a match. Note that the sport you are betting on must have the win, draw, and loss as the only possible outcomes. Double chance is different from regular bets because you can reduce the risk by selecting two outcomes. Regular bets can only allow you to choose one among the above possibilities. Unfortunately, bookmakers acknowledge the reduced risk of players; hence they significantly reduce the odds of the games.
Double Chance Examples
The best double chance betting examples come from the football game with three possible outcomes. For instance, in every match, a team is likely to win (1), lose (2), or draw (X) against a competitor. If you want to bet and feel that the underdog or away team is likely to beat or draw with the favourite, you can place the bet with two possible outcomes, a draw (X) or the away team to win (2).
Every bookmaker will set Liverpool as the runaway favourite in a game featuring Liverpool against Aston Villa in the English Premier League. However, you could get the feeling that Aston Villa, with a current great form and a new manager, is likely to hold Liverpool to a draw. In this scenario, placing an X2 bet will raise your winning chances.
Another example is where Crystal Palace is playing Man City. The possible double chance bets include Crystal Palace to win or draw with odds of 2.60, Man City to win or draw with odds of 1.08, and lastly, Crystal Palace to win or Man City to win with odds of 1.17.
Assuming that your double chance bet is for either Crystal Palace or Man City to win, you will win the bet if either of them won the match. However, your double chance betting prediction will lose if the game ends in a draw.
Review
Double chance betting is more flexible compared to other sports betting markets. You can build on a good betting strategy by studying teams that are doing well in various competitions and those performing poorly.
If you select a match where one team is clearly stronger than the other, you would instead stick with the regular 1X2 bet. Double chance sports betting is ideal for teams that are equally matching. For example, if teams occupying positions one and two on the table meet, you should wager on the favourite and the possibility of a draw. This betting strategy allows you to cover the most likely outcomes.
Additionally, double chance betting is a great option for a reserved punter. Although the odds are too low, you got the assurance of having over a 50% chance of winning the bet.
Double chance is a favourite for high rollers who are willing to stake huge amounts on small odds today. The idea is that even when the multiplying effect of the odds is low, the outcome will be great. On the other hand, casual punters prefer wagering on underdogs whose odds are enhanced by the bookmakers.
Double Chance Pros
We have found many good sides of double chance.
From the discussed double chance meaning, this market is ideal because players can wager on two possible results. Sports betting is a game of chance, but if you can lower your risk of losing, then this is the market for you. Out of three possible outcomes, you are allowed to wager on two. This is massive because you have more than a 50% likelihood of winning that bet.
Always ensure you have studied the form of teams through research to make correct predictions. The lingering doubt you get when one team is perceived as the underdog should be sorted through the second possible outcome.
Some matches comprise teams with almost similar characteristics and statistics. It is challenging to tell which one will carry the day. In such cases, the most likely result is a draw, although one team can still score. Double chance bets with a possibility of a draw will increase your chances.
If you are a beginner or are looking for a market with reduced chances of losing, then the double chance betting strategy is an excellent option. In this case, your bet covers two possible outcomes, which significantly reduces your chances of losing.
Bookmakers like bets that will not cost them while favouring players. They have therefore embraced this bet because they can reduce the odds. Away from the low cost, double chance bets are attractive, so bookmakers can quickly gain customers to wager on various sports events under this market.
While double chance odds are generally low, games featuring underdogs have high odds. If one of your choices favours the underdogs to win, the bookmaker will certainly raise the odds. To have a better idea of the chances of the underdog/favourite to win, you can utilise our double chance predictions and tips.
Double Chance Cons
There are some drawbacks to double chance, though.
All bookmakers would want to lower their costs by reducing odds for favourite teams. In most cases, the favourite will win the match; hence the odds are reduced to lower expenditure to the many punters who have placed double chance outcomes with such teams to win.
Double Chance Meaning FAQ
Now let’s answer some common questions.
No betting strategy can guarantee to win, but you should study the history of the teams and learn about their statistics and current form.
Choose two outcomes out of the three: draw, lose and win.
No, double chance does not include extra time. Your outcome is only valid for normal regulation time, 90 minutes in case of a football match.
Double chance 12 means that either team 1 or team 2 will win the game.
This bet means that the game will end in a draw, or the away team will win.
Bookmakers offering double chance predictions include Bet.co.za and Hollywoodbets.