What is Double Chance in Sports Betting
Getting started with betting comes with a lot of requirements, including learning various terms relating to betting. A very popular term among bettors and bookmakers is the double chance between, which may be a little confusing to newbies.
If you have some experience in betting, you may be able to decode this and many other betting terms without help. However, as a beginner, it is understandable if you can’t do so.
Double Chance is one of the best and most popular markets available on several betting platforms. The option can allow you to cover more than one possible outcome in a single sports event, hence the term “double chance”.
In this article, we will explain what double chance means in betting and how to use it to maximize your profits.
What does double chance mean?
In sports such as football or handball, where there is a possibility of a draw, the double chance market becomes particularly useful. You can make use of the double chance market to bet on two out of three possible outcomes of a game: a win for the home or away team (no draw, essentially), or a win + a draw for either of the sides.
The first instance, which a lot of bettors describe as “anybody wins”, is used to bet on any of the home or away teams to win the game at the end of the regular time.
Essentially, this game will be counted as a win if any of the two outcomes happen and will be counted as a loss if the outcome of the game is a draw.
The other instance, known as “win or draw” is used to bet on one of the two teams to win or a possible draw. For example, if you use the double chance option on the home team (1X), the outcome of the game at the end of regular time must be a draw or a win for the home team.
On the other hand, if you use the double chance option on the away team (X2), the outcome of the game at the end of regular time must be a draw or a win for the away team—it is as simple as that.
The essence of this option is that, by covering two-thirds of the possibilities, you will be able to significantly reduce the risk of losing the bet. However, this also means that the potential winnings will be reduced compared to a straight bet on a specific outcome.
With the double chance market, you can increase your chances of winning a bet to 66.67%. You get to combine your two best picks out of the three possible outcomes, including the home team to win, the away team to win or the match ending in a draw.
Let’s imagine a football derby match between Manchester United and Manchester City. Based on their current form, any bettor will easily go for Manchester City as their favourite to win.
However, one common situation about derby matches like this is that they could end in draws, like many other football matches. To be on the safer side, you can place a double chance between on Manchester City, meaning that your wager will win if City comes out victorious or the match ends in a draw.
The only way that your wager will lose in this situation is if Manchester City is your favourite and should suffer a defeat to Manchester United, the underdog.
The double chance bet type is attractive for those users who wish to reduce the risk by covering more than one possible outcome. However, it is important to note that by choosing this option, the potential winnings are also reduced compared to a straight bet on a specific outcome.
It is essential to carefully evaluate the odds and perform a thorough analysis before placing any bet, whether you’re opting for a double chance or any other available option.
Tips to improve your win rates with double chance
Before placing a bet, conduct a thorough analysis of the teams involved. Research their recent form, head-to-head history, key player injuries, and any other factors that might influence the outcome.
For example, when betting on a football match between Burnley and Crystal Palace, consider the impact of player injuries or field conditions.
Analyzing statistics and underlying numbers will provide valuable insights into each team’s expected performance.
After conducting your research, compare the odds offered by various bookmakers for the double chance bet. Look for discrepancies that might indicate a value bet.
For example, if one bookmaker offers significantly higher odds for the home team to win or draw compared to others, it could be a potential betting opportunity.
In addition, you should remember to stake responsibly, as bankroll management is crucial to getting successful in sports betting. Take some time to set a specific budget for betting and make sure that you do not deviate from it.
If you can, control the amount of bets you place in relation to your bankroll and also avoid betting large sums on a single bet. You can split the money and bet on different games instead. Proper money management will help you avoid significant losses and allow you to participate in long-term betting.
Finally, you should try to stay up to date on the latest news and developments across various sports or relating to the particular sport you are betting on. Look out for last-minute injuries, lineup changes, or any other unexpected factors that can have an impact on the outcome.
In essence, stay informed and adapt your betting decisions accordingly.
