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What Is Double Chance Betting?

October 28, 2020, 13:07
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What Is Double Chance Betting

Are you a sports betting enthusiast? If so, chances are that you might have heard of the term “double chance”. The question occurs though: what does it mean? What is double chance betting? Just as the name suggests, a double chance gives you room to ‘double’ or increase your chances of winning a bet twice. Regardless of whether you are a professional or a beginner in betting, a double chance bet is designed to meet the needs of both.

In simple words, in double chance betting, you stand a chance of betting on two possible outcomes of a match. Having said that, the only precondition here is that the sport must involve three distinct possible results – a win, draw, or loss. Unlike other types of wagers, double chance betting provides players the flexibility to wager on two.

With such, players check possible risks and better their chances of winning. Based on traditional 3-way betting, a player stands a 33.33% possibility of winning a bet. All this is by choosing a home win, an away win, or a tie. But how would you feel if you stand a chance of doubling this possibility to 66.66%? That is exactly what double chance betting is all about: the ability to wager on two out of the three possible outcomes of a match.

Lately, double chance sports betting has been on the rise, with many players choosing this option. It’s a nice way of minimising risks while bettering or increasing your chances of winning. Among other popular betting options that players can choose from, double chance betting appears to be a popular form of betting lately.

Basics of Double Chance Betting

Understanding how a double chance works isn’t a complicated thing as such. It’s much simpler than you may think. As stated above, a double chance bet allows a player to cover two out of the three possible outcomes in a match with a single bet. Here is how it works:

  • Home team and draw – A player’s bet gets to win in the event that the home team wins or in case it ends in a draw.
  • Away team and draw – Your bet gets to win if the away team emerge winners or the match turns out to be a draw.
  • Home and away team – In this type of bet, a player’s bet wins if the team playing home or the away team wins the match.

The figure below is a clear example of a double chance bet in football.

For example, if you choose to bet on a match between UD Almeria and Racing Santander, you can bet on three possible outcomes as highlighted earlier. You can bet on UD Almeria’s win or a draw, a draw or on Racing Santander winning, or a win of either between UD Almeria or Racing Santander. However, do you know what ‘1’, ‘X’ and ‘2’ stand for? For beginners, this might be a problem. That is why we at 4rabet.com have clearly explained it below:

  • ‘1’ – it stands for a home team to emerge winners.
  • ‘2’ – it stands for an away team to triumph.
  • ‘X’ – stands for a match to end in a tie or a draw.
  • ‘1 or X’ – stands for the home team to win or draw the match.
  • ‘X or 2’ – stands for the match to end in a tie between the two teams or the away team to win the match.

Who Should Place Double Chance Bets?

Now that you understand what double chance betting is, perhaps, you may be wondering about who should place double chance bets. Any punter can choose this type of betting if he or she wishes to do so. However, double chance betting is ideal for low-risk bettors. Double chance betting comes with lower risk and is considered a good option for plenty of punters out there.

If you intend to minimise your risks when betting while increasing or doubling your chances of winning, then you should consider double chance betting. It’s a perfect option for high rollers and risk-averse players alike.

Compared to other types of bets, double chance betting is significantly low-risk. The possibility of backing a ‘two-outcome’ lends a player’s wager some sort of security. The reason is that it takes a lot of volatility out of the equation. Overall, while anybody can place a double chance bet, this type of bet is ideal for low-risk bettors.

If you are looking to avoid losing your bet easily or to double your chances of winning, then you need to consider this type of bet. Would you resist a chance of doubling the chances of your bet winning? Certainly not. If you happen to be one of those low-risk sports bettors, then this type of bet is ideal for you. Based on the latest statistics, many bettors prefer this type of sports betting.

Which Sports Are the Best for Double Chance Betting?

As clearly highlighted earlier, double chance betting perfectly fits a situation when there are three possible outcomes (a home win, draw, or an away win) in a match. Mostly, double chance betting is popular in football events. You’ll certainly see a lot of punters placing double chance bets on football matches.

In a football match, in total, there are always three possible outcomes to expect (a draw, loss, or win) and a lot of punters bet on such. However, one shouldn’t think that football is the only sporting event that allows double chance betting. There are other sporting events too where players can place double chance bets.

Cricket, American football, ice hockey and volleyball are some examples of other sporting events where you can choose double chance betting. For example, in cricket, it’s possible to place double chance bets. Assume that there’s an upcoming match between Chennai Super Kings and Delhi Capitals and both of them are strong. If you are a low-risk bettor, you can choose the double chance option for this match.

With the double chance option, you can choose to back Chennai Super Kings to win or to draw against Delhi Capitals, especially if you believe that the odds highly favour them. On the other hand, if you fancy Delhi Capitals, you can back them with a win or a tie against Chennai Super Kings. However, there are other sporting events where double chance bets don’t apply. These are sports where the outright winner or a loser is expected. Tennis is a perfect example of such sport. Here, one player must win with the other one losing. There’s no draw or a tie in tennis, meaning that double chance bets don’t apply here.

How to Find the Best Betting Opportunities

Finding the best opportunities for double chance betting is not a complicated process as such. Are you wondering how to find the best opportunities where you can place double chance bets? If so, then there’s no need to worry.

There are plenty of websites that guarantee to give you some of the best fixtures and markets for double chance betting on the internet. Based on research, it’s said that some of the best odds for double chance markets can be found on Bet365, BetVictor, William Hill and Betfair.

There are plenty of lessons that will assist you in how to cover possible outcomes and how to calculate the odds for some of the best available betting options. If you go through and calculate the odds, then you’ll certainly create one of the best betting strategies with various bets across several sportsbooks.

So, do you think that double chance betting is worth your time? This is one of the biggest questions that many punters ask since most of them are looking at the possibility of long-term profits should the team they back win or the match is tied.

As mentioned way earlier, double chance betting is one of the best options, especially for riskier bets. Even though the odds in double chance betting are somewhat low, in the long run, it’s not a rip-off as such. Double chance bets are also ideal for accumulator bets, especially in soccer where double chance betting is popular.

Lastly, there are those who believe that double chance betting is an excellent complement, especially when it comes to handicap betting. If you happen to integrate this betting type into your betting strategy, then it will surely be of great help. The reason is based on the fact that it will add your betting odds besides improving your long-term profitability.

In short, to find the best opportunities for double chance betting, all you may have to do is to search through the internet to find the best bookies that offer this type of sports betting. If you take your time, rest assured of finding the best operators that offer this type of sports betting.

Pros and Cons of Double Chance Betting

Double chance betting is rapidly gaining popularity among sport betting enthusiasts all over the globe. As explained earlier, plenty of sport betting lovers prefer this type of betting because of several reasons. However, before you engage in double chance betting, you need to understand that it comes with its own advantages and disadvantages.

First, let’s focus on the pros before looking at the cons that are associated with double chance betting. A bigger advantage that comes with double chance betting is that there are higher chances of a bet winning. Here, you get to back two of the three possible outcomes, as opposed to one. Therefore, this type of bet doubles your chances of winning, just as the name suggests.

Additionally, a double chance bet is excellent, especially if you are backing an underdog and expecting an upset in a sporting event. Take an example where league leaders are scheduled to play with a lower-placed team a few days before they take part in a huge European-cup competition. Here, it may be clever to back the “lesser” team as the favorite may rest some of their star players.

A double chance bet is also ideal as it allows players to back the underdog or the less favourite team without expecting them to pull off a surprising victory. Better yet, you get to win your bet in case the match ends in a draw.

Despite the advantages that come with double chance betting, there are several disadvantages you need to be aware of when choosing this type of betting. While you’ll be getting a chance to bet on two outcomes, sadly, the odds will be significantly shorter than those if you backed just one outcome of the match.

Moreover, double chance betting isn’t an ideal option, especially if you are backing or rooting for a clear favourite. This type of betting is good but if you are mostly backing the underdog. While the odds may be low, on the other hand, you do minimise your chances of profit when wagering on a one-sided sporting event.

Wrapping up

Double chance betting has been lately gaining popularity across plenty of sports betting enthusiasts globally. There are several reasons why punters prefer this type of sports betting. It’s less risky and it enhances the chances of a player winning his or her bet twice. With double chance betting, you stand a chance of betting on two out of the three possible outcomes. Such boosts the chances of a player’s bet winning. Double chance bets are highly popular in football events. However, other sporting events such as cricket, American football and volleyball among others allow double chance bets. Anybody can place double chance bets but they are ideal for low-risk bettors. While there are some disadvantages that come with double chance betting, the benefits outweigh all possible drawbacks by far.

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