What is Double Chance Betting: Complete Guide to Understanding Double Chance bets in 2024

Simply, a double chance bet allows bettors to cover two of the three possible outcomes in a match with one bet.

This betting strategy is particularly beneficial for those who enjoy the thrill of the match result bets, but prefer to play the probability game, and in theory, swing the betting their way.

Introduction to Double Chance Betting

The double chance bet is gaining prominence for its straightforward approach and higher probability of winning. But what does a double chance bet mean?

In essence, a double chance bet is a betting strategy that allows you to wager on two out of the three possible outcomes in a game.

This can include:

• A home team win or draw
• An away team win or draw
• Or either team winning

It provides bettors with a greater chance of success, as they are covering more ground with their bet.

While it might seem like a surefire way to success, it's important to remember that the odds for double chance bets are usually lower, given the increased likelihood of winning.

In essence, the double chance bet is a flexible tool in a bettor's arsenal, offering a balance between risk and reward.

Making Sense of Double Chance Bet

To help get a firm grip on the concept of double chance betting, let's look at some examples, take a football match between Liverpool and Manchester United.

In a double chance bet, you could bet on ‘Liverpool Or Draw’

• This means if Liverpool wins or the game ends in a draw, you win your bet.

On the other hand, you could bet on ‘Manchester United Or a Draw’.

• In this case, if Manchester United emerges victorious or the game ends in a draw, your bet is a winner.

Finally, you can choose to bet on ‘Liverpool or Man Utd’.

• This means you win if either Liverpool or Manchester United wins. Here, the only outcome that would result in a loss is if the match ends in a draw.

Remember, while a double chance bet does increase the likelihood of a successful bet, it often offers lower odds due to the decreased risk involved. So, it's all about striking a balance between the two.

Mastering Double Chance Betting

Mastering double chance betting involves a combination of smart decision-making, understanding the sport, and assessing the teams involved. It's not just about placing a bet but placing it wisely. Here are some strategies to help bettors make the most of their double chance bets.

• Research: Before placing any bet, it's crucial to understand the teams involved. Study their recent performances, strengths, weaknesses, and even external factors like weather or player injuries. This will help in making an informed decision.
• The Odds: In double chance betting, the odds are generally lower. Therefore, it's necessary to find the right balance between the risk and potential return. Look for situations where the odds are in favour of a specific outcome, but the potential return is still attractive.
• Bet Defensively: One of the most effective ways to use double chance betting is as a defensive strategy. It's ideal when the punter believes there's a high chance of a draw or when the underdog has a chance to upset the favourite.
• Don't Ignore the Draw: Never underestimate the potential of draws, especially in matches between evenly-matched teams. '1X' and 'X2' bets often provide better value in these situations.

By trying these strategies, bettors can potentially increase their chances of success in double chance betting. It's all about making smart, informed choices and managing expectations.

Pros and Cons of Double Chance Betting

Double chance betting creates a whole new spin of full-time result betting for players, and in turn does make it easier to win these sorts of bets. It comes with its own distinctive set of advantages for players to explore.

Of course, by covering two of the possible three outcomes of a football match players have a better chance of winning the wager. Because, in practicality, instead of them only having a 33% chance of winning, this is raised to a 66% chance.

It can also serve to add some decent value to the underdog bets for players. Of course the side with the biggest odds is there for a reason, but the double chance bet can help to make this wager appear a touch more worthwhile.

Of course with an increased probability of landing the odds will decrease, particularly for the favourite, but this isn’t always the end of the world.

The favourite leg can serve to make a handy addition to any bet builders or acca, with of course it being a relatively safe leg, whilst the underdog singles can often prove to hold some value.

Double chance betting on the whole is a great option for bettors to explore, offering a handy alternative to the simple full-time result markets.

Double Chance Betting FAQs

What is double chance betting?

Double chance betting is simply where a punter bets on two of the three possible outcomes of a football match.

So instead of betting on just a win or draw, they bet on one team to win and a draw or both sides to win. Therefore they have covered two of three possible outcomes of a football match, and should either of these happen the bet will win.

Is double chance betting profitable?

Double chance betting can be profitable. This is because it has a statistically higher chance of winning because two of three outcomes of a match will cause the bet to win, instead of just one.

However, because of this, the odds are lower than that of the regular sportsbook price, something that can put a dent in profitability.

What is the safest bet in football?

Double chance betting is the statistically safest bet in football. This is because two of the three outcomes of a football match will result in the double chance bet winning.

Whilst this is no guarantee, because the team from and such must be taken into account and there is still a chance of losing, it technically swings the betting the punter way.

How do you lose a double chance bet?

In order to lose a double chance bet, the singular non-bet on outcome must occur.

For example if a punter bet on ‘Team A to Win and Draw’, the bet would lose if Team B won the match.

Or if a punter bet on ‘Team A & Team B’, the bet would lose if the match ended in a draw.