What Is Double Chance In Betting?

Have you been recently exploring the countless different soccer betting strategies? Did the term ‘double chance bet’ leave you scratching your head? Then, you have come to the correct place!

Unlike many other sports, soccer offers some unique betting opportunities for bettors. For instance, ties are a common outcome in professional soccer, while they are not as common in popular sports like hockey, basketball, and baseball. 
These unique outcomes and rules have created room for uncommon betting calls, including double chance betting. 

Double chance betting gives a bigger chance of winning from a single match. It minimises your risk of losing by allowing you to cover two of the three possible outcomes of a soccer match. 

Sound intriguing?

Jump into the following section as we discuss the nitty-gritty double chance betting! We will take you through the pros and cons of the betting call, present tips to get the most out of double chance betting and provide guidance on how to place the bets.

What Is Double Chance In Betting?

So, what does double chance mean in betting?

When a bettor wants to wager on a specific football event, they usually consider betting on three outcomes: the home team wins, the match ends in a tie, or the away team wins the game. 

However, a double chance bet offers a simple way to gain a strategic edge in football betting. The wager allows bettors to bet on two outcomes in a football match. 

According to the rules, you can bet on the home team winning or drawing, the away team winning or drawing, or the home win/away win.

This approach to football betting is explicitly appealing to bettors who wage on underdogs. It works in scenarios where an outright win for the underdogs may seem challenging but not impossible. It provides you with higher probabilities of winning than a traditional 1X2 bet. To put things in perspective, experts say double chance bettors have a 66% chance of predicting their bet.

The market also attracts people who wish to minimise the betting risk. Plus, it is available in a wide range of online casinos offering soccer bets.

Different Types Of Double Chance Bets

As aforementioned, double chance bets let you wager on two outcomes out of three. Each bet has its unique pros and cons. However, interestingly, the payout range can be lower in double chance bets due to the low risk involved compared to 1×2 markets. 

Let’s look at the different types of double chance bets to better understand the wager.

1X Bets

Choosing the 1X bet means placing a bet on the home team winning or ending the match in a draw. You can only lose a 1x bet if the away team wins the game.

Since home teams are usually the favourites, 1x best are extremely popular and offer a good chance of winning. However, the payouts may not be as impressive as you would expect. 

X2 Bets

X2 bets in double chance betting means you will win if the away teams win or the match ends in a draw. It is a feasible betting option when you know the away team has what it takes to score a victory. 

Sure, the odds might be lower than betting on the home team. However, remember you will win even if the match ends in a tie.

12 Bets

Lastly, you can bet on the home or away team winning the match. It means you can only lose if the game ends in a draw.
The odds can be higher in 12 bets compared to other choices. However, it’s only a sensible choice when you are confident that both teams will score multiple goals in a match.

Let’s use an example to grasp the double chance betting choices.

Imagine a Premier League match with Arsenal playing as the home team. The away team is Everton. 

Naturally, Arsenal is in favour of winning the match. Consequently, the odds for a 1X betting market can be low. On the other hand, if you want to take a bit of a risk, you may go for the X2 option. This option may offer good payouts, but the winning chances will be low. 

If the home team wines, the X2 option will lose. In the same event, 1x bettors and the punters who chose the 12 bet option will win.

The Pros And Cons Of Double Chance Betting 

Once you understand what a double chance in betting is, you may wonder whether it’s worth trying. Asking this question is particularly important if you are new to the betting scene. After all, one wrong move can cost you a lot of money.

So, before making your bet, let’s review the pros and cons of double chance bets.

The Pros Of Double Chance Bets

The double chance betting option appeals to novices and seasoned gamblers because it reduces the risk of losing. 

Here are the most significant advantages of this unique betting strategy.

Higher win probability

The double chance bet option covers two possible outcomes. It gives you a better hedge and significantly increases your chances of winning. The bets may not have the most attractive odds or payouts, but they will surely boost your confidence, especially as a new player.

Reduces risk

Betting on two possible outcomes significantly reduces your risk of losing. For instance, if you bet on the home team to win, but they end up drawing the match, you will still win the bet.

Great for beginners

If you are only getting started with online sports betting, it’s best to begin your journey with safe bets like a double chance bet. It will help reduce your loss exposure and protect your bankroll.

Strategic flexibility

Double chance bets enable you to enjoy strategic flexibility. You can run thorough research on both teams and place sound bets depending on each option’s highest probability.

The Cons Of Double Chance Bets

Those who research ‘what is a double chance in betting?’ will immediately notice the game’s striking advantages.

However, this strategy also has a couple of drawbacks, which you should know about before wagering your money.

Lower odds or payouts

One of the most noticeable drawbacks of a double chance bet is its lower odds and payouts. Since the betting option minimises the risk of betting, bookmakers will limit the winning amounts. You may even notice odds around 1.20 or 1.30 when placing a bet. 

Limited availability

Double chance is one of those markets you will have access to only some of the time. The top online casinos in the UK, such as Bazed, NetBet, and Betway, offer you the opportunity to try out the betting strategy. However, a lot of casinos don’t support this strategy. Furthermore, the double chance betting strategy is limited because it only applies to football and not many other games. 

Not ideal for clear favourites

When there’s a clear favourite, the bets on double chances may offer even lower value, making it less attractive to punters.

Managing your bankroll can be challenging

Due to the potential lower returns on these bets, you must be careful and avoid draining out your pockets. A good bankroll management strategy will help you gain profit over time.

Strategies For Double Chance Bets: Tips And Tricks To Win

While double chance bets are pretty straightforward, you must focus on a few critical things to place accurate bets. Knowing and following these tips will help you estimate the potential wins and place careful bets.

Research is vital

Like in any other sports betting strategy, statistics and research play a critical role in double chance betting. So, before placing your bet, do your homework on each team. Assess their current form, performance record throughout the league, head-to-head records of both teams, injuries and suspensions. 

For instance, if a South African team has a record of winning their home matches, it will be wise to bet on their win or draw.

Don’t forget the underdogs

It’s not rare to see underperforming teams rise against their opponents and score a goal within the last few seconds. Remember, the odds of a football match can turn around within seconds.

Hence, depending on your research, don’t hesitate to bet on underdog teams or their draws. It can help you get good returns.

Gauge motivation levels

Study what’s at stake for each team to determine which option will be best to bet on. For instance, even if a team is top-tier, they may not field their best players in a friendly match before a big tournament. In these types of events, 12 bets can make more sense.

Keep an eye on your bankroll

gain, bankroll management is critical in all types of betting. Considering the lower odds of double chance betting, it’s clever not to overspend even if the bets seem in your favour. 

How To Place A Double Chance Bet?

Placing a double chance bet is no more complicated than any other football bet. Once you have selected a trusted platform to play the game, created your account, and deposited the required sum (if applicable), follow the steps below to make your bet.

  • Log into your account on the betting site
  • Head to the sportsbook and check the different options for football betting
  • Next, choose the foot events you want to wager on and browse through the markets
  • Find the double chance betting option and add one of the three options to your bet slip
  • Decide the amount of money you wish to bet
  • Add the amount to your bet slip
  • Complete the bet 

If you check carefully, you will notice that some online casinos for football betting have features like quick bets. These options can quicken up the process of wagering.

Remember, after placing it, you must wait to see whether you have lost or won the bet. So, avoid cashing out to settle to avoid last-minute changes. 

Difference between Double Chance Betting And Handicap (0)

Double chance betting shares some similarities with a few other popular betting options. One of those options is the ‘handicap 0’ option. 

Many bettors may confuse these two betting options, but they are different. Significant differences exist between the odds of the two options and how they are calculated.

With handicap 0, you will win if the team you bet on achieves victory. However, you will regain your stake if the match ends in a draw. 

On the contrary, double-chance bets allow you to win in both scenarios but with lower odds. 

Difference Between Double Chance Betting And Draw No Bet

Another betting option people often confuse with double chance betting: ‘ draw no bet’. 

It is another sought-after football betting market which provides opportunities for safe bets. However, both of these betting options share noteworthy differences when it comes to odds.

According to the rules of Draw no bet, your bet will be voided if the match ends in a tie. However, draw no bet markets offer enhanced odds compared to double chance bets.

Play Safe with Double Chance Bets!

In summary, a double chance bet is widely applicable to football matches. It gives you three alternatives to bet on and allows you to place two bets at the same time, reducing the risk of losses.

The strategic move is perfect for beginners or punters looking to play on underdogs but from a safe corner. Thorough research and bankroll management are the keys to satisfactory double chance betting. While the bet typically offers lower odds or payouts, it allows you to place bets more frequently. 

So, if you get a chance to win with the double chance bet, don’t hesitate to play. Lastly, keep following Live Casino Review for more insightful blogs on casino games, strategies, and online gambling platforms.  With us, you will always be on top of the trendiest casino updates. 

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