Author: Steven D. Thompson
Updated: 28/04/2022 4:09 PM
Double Chance Bet
Want to increase your chances of winning? Place a double chance bet! With double chance bets, you cover two out of three outcomes. So, it's pretty hard to lose. Our double chance tips will increase your chances of winning even further. Read on to learn everything you need to know about double chance betting and how to make the most of it.
Double Chance Bets Explained
Double chance bets are pretty easy to understand. You bet double chance when you want to cover two outcomes from the possible three. That means you can choose from one of the following options:
- Home Team Wins or Away Team Wins - 12
- Home Team Wins or Draw - 1x
- Away Team Wins or Draw - x2
As you can see, with each of these wagers, you cover two possible outcomes and increase your chances of winning as a result. So, if you place a 1x double chance bet, the match can end in either a home win or a draw, and you would still win.
Similarly, if you place a 12 double chance bet, only a draw would result in a losing bet, as you have already covered the two other outcomes.
Therefore, it is easy to see why punters choose double chance bets when they want to place low-risk wagers with a decent chance of winning.
Double Chance Examples
Let's look at two double chance examples to show you how this sports betting market works. First, we will look at a winning example, and we will follow that up with a losing double chance bet.
A Winning Double Chance Example
Let's say that Arsenal is playing Watford in the English Premier League. Arsenal is the favourite, but you have a feeling that the underdog will spring a surprise. However, you are not that sure that the visitors will win, so you go for the double chance bet and back Watford to win or draw.
The match plays out exactly as you predicted. Arsenal is often caught off-guard, and Watford has tons of scoring chances. However, neither one of the teams finds the back of the net, and the match ends in a draw, 0-0.
- Your bet: Arsenal - Watford x2
- Final score: Arsenal 0-0 Watford
But that's great for you. You placed a double chance wager that covers both the Away Win/Draw options. So, you have a winning bet. You also benefit from some pretty decent odds. Backing the underdog, even in the double chance market, is quite lucrative, so your winnings should be substantial.
A Losing Example of a Double Chance Bet
Let's now say that, inspired by your previous double chance win, you decide to bet on another Watford match. This time, however, Watford is the home team and plays Manchester City. That means the home side is again the underdog, so you should get some decent odds if you back Watford to win/draw. So, that's what you do:
- Your bet: Watford - Manchester City 1x
- Final score: Watford 1-2 Manchester City
Unfortunately, the favourites are too strong for Watford on this occasion. The match ends with an away win which your double chance bet doesn't cover. That means you lost your wager. Better luck next time.
Pros & Cons
The ability to cover two out of three possible outcomes is what makes the double chance betal for both experienced and new bettors. However, there are also other benefits of playing with double bets, and one unfortunate drawback too. Let's look at the pros and cons of double chance betting to see if it will suit your sports betting style.
Double Chance Advantages
When you include double chance selections in your bet slip, you benefit from better chances of winning. You also minimise the risk of losing and get your winnings even when things don't go exactly as planned. Oh, and double chance bets are great when backing underdogs. Let's examine these perks in more detail.
Better Chances of Winning
This one is pretty easy to understand. When you bet on the traditional match winner market (1x2), you cover only one possibility of the three given. However, when you place double chance bets, you cover two outcomes. Needless to say, that increases your chances of winning significantly.
The fact you reduce the ways to lose your bet from two to one is also important when betting double chance. For instance, if you back the home team to win, you can lose your bet when either an away win or draw occur. However, if you wager on the home win/draw double chance, only an away win can derail your bet.
Ideal for New Bettors
Placing low-risk bets is what new players and sports betting customers should aim for at the start of their wagering adventure. So, double chance bets areal for them, as they help them minimise the risk of losing and get some much-needed confidence.
Both Outcomes Win
Unlike draw no bet markets, where the draw outcome only returns your stake, double chance pays when either one of the two outcomes occurs. And that's a clear advantage that double chance betting markets have over draw no bet options.
For instance, if you back Manchester United to win in the draw no bet market, a draw will only return your stake, as the bet is cancelled. However, if you back the Red Devils to win/draw with a double chance wager, you get the same odds and winnings for both the win and draw outcomes, as the bet is still active.
Great for Backing Underdogs
If you are scared to risk your hard-earned money on underdogs, try double chance betting. With it, you can win even when the underdog you backed fails to spring the surprise you expected.
For example, if you think Burnley will shock Liverpool and defeat the favourite, you can go with the Burnley wins/draws bet. That way, even if the Clarets only draw, you will still have a winning bet and would have made some profit.
Lower Odds - The Only Disadvantage of DC Bets
The only drawback of double chance betting is that you get lower odds than if you wagered on the match winner market. However, that's completely expected as the odds you get are a reflection of your chances of winning.
The lower the double chance betting odds, the greater the probability that you will win your bet. In essence, the fact you get lower odds implies a higher probability of cashing out later. Pretty cool, right?
Double Chance Betting Strategy and Tips
If you are looking to increase your chances of winning, please continue reading. The double chance strategies and tips we list here will be invaluable for you. One of the perks of double chance bets is that even betting beginners can have lots of success with them. If you do your betting homework and use some of the tips we list below, you can be even more successful.
Tip 1: Include more double chance selections in your bet slip
As we already mentioned, double chance bets often result in winnings, but the amount of money you win is usually quite modest due to the low odds. However, there's a way around that.
You can increase your double chance betting odds easily by including more selections in your bet slip. Double chance and accumulator bets go together like bread and butter. They help you get the high winnings you need while keeping risk levels low.
Tip 2: Check stats before betting double chance
Some teams win or draw their matches and rarely lose. These sides areal for double chance bets. However, you first need to find them. If you are a sports betting enthusiast, you probably know them already, so this shouldn't be a problem.
If you are new to football betting, you will need to go through a lot of stats and data before you get there. Basically, what you will be looking for are mid-table teams that win or draw their matches. These teams will rarely lose, and because they are not near the top of the table, you will also be able to get decent double chance betting odds for them.
Tip 3: Back double chance bets with higher bet stakes
Backing in-form football teams and minimising risk with your double chance bets is all good and well. However, if you want to get decent winnings and are not into accumulator bets, you will need to place higher stakes.
Therefore, make sure you have planned your betting budget and know how much you can afford to stake. Higher bet stakes are also associated with a greater risk of losing, so bear in mind to gamble responsibly too.
Tip 4: Go for free bets and bonus offers
Online bookmakers are quite generous. As soon as you open a betting account, they give you bonus money and free bets and continue doing that as you become their regular customer. These free bets and bonus money are great if you want to improve your chances of winning your double chance bets even further.
For example, you can use your funds to bet on the two double chance outcomes you had in mind and cover the third one with your free bet. That way, you protect all three results of the game you are betting on, and there's no chance you could lose.
Frequently Asked Questions
What is a double chance bet?
A double chance bet is a wager that allows you to cover two outcomes when predicting which team will win the match. That means you can bet on: home win/draw, away win/draw, and home win/away win.
How do you play double chance?
To place a double chance bet, you pick one of the three options bookmakers give you. These include: home win/draw, home win/away win, and away win/draw.
How do you win a double chance bet?
To win a double chance bet, wager on outcomes you think will happen. You then use the other outcome from your double chance bet as a safety net. For instance, if you think Chelsea will win, bet on Chelsea Win/Draw. Even if the match ends in a draw, you win your bet.
What is double chance x2?
With an x2 double chance bet, you predict that the away team will win or that the match will end in a draw. If either one of those outcomes happens, you have a winning bet.
Which sports have double chance bets?
Double chance is a bet type that you can find in several sports. Most double chance wagers, though, are placed on football matches. In addition to football betting markets, you can find double chance bets in sports like handball, ice hockey, chess, etc.