Double chance betting is yet another interesting betting strategy every bettor can use, but it’s also another of the less known ones. As this is something you can certainly use on your favorite betting apps and make a profit, we wanted to provide you with detailed explanations.
The guide will tell you everything you need to know about double chance betting — what it is, how it works, the pros and cons, and the top questions regarding this compelling sports betting strategy. Let’s begin!
What Is Double Chance Betting? How Does This System Work?
Double chance betting is a sports betting strategy and a type of bet that lets you bet on two different outcomes of the same match or event. Players use it to get a better chance of winning from a single event.
However, it only works when the game you’re betting on has three possible outcomes — a win, a loss, or a draw.
So, with a regular bet, you would wager on one of these outcomes, for example, a team to win. But with a double chance bet, you’ll wager on the team both winning and losing, for example. It doesn’t really matter which outcomes you pick, as long as you pick two.
Naturally, this type of betting results in two things:
- Better chances of winning
- Lowered odds on both outcomes in the wager
So, in other words, this system lets you have a much better chance of winning your bet, but that win will be much lower than in regular betting.
Double chance betting is ideal for sports like football that often offer surprising outcomes. It’s actually widespread in football betting, especially between two favorites, where the game can easily go either way. Plus, there are many leagues where a home team win is as likely as a draw, making a double chance bet on such a match ideal.
In football betting, where these wagers are the most popular, they are often called 1X2 bets. This is because 1 represents a home win, X represents a draw, and 2 represents an away win.
On many betting sites offers and various betting markets, you can use three combinations if you want to place a double chance bet on a football match:
- 1X — home win and a draw
- 2X — away win and a draw
- 12 — home win and an away win
Double Chance Betting Examples
Let’s say you want to bet on a Premier League match between Manchester United and West Ham. The odds favor the Red Devils, but you know they’ve been showing some poorer performance as of late, while West Ham has been more than good, so you also think that a draw is equally likely.
With double chance betting, you can now place a 1X bet and wager on both Manchester United winning and the match ending in a draw. This gives you a much better chance of winning your bet, and if you’re optimistic about the two outcomes, your win is practically assured.
Let’s look at another example:
You want to bet on a deciding game in the Champions League that can take either of the competing teams (Juventus and Chelsea, for example) to the knockout phase. You know that both teams want the win badly, so they’ll play hard to get that win.
You are thus confident that the game will either be won by Juventus or Chelsea, so you opt to use double chance betting and place a 12 bet. That way, you’ll once again be almost completely sure that your wager will pass.
Naturally, there are many other examples in both football and other sports, but you get the gist. The goal is to be certain about two outcomes because once you are, you’ll almost always win your double chance bets.
Advantages and Disadvantages of Double Chance Betting
Just as the case goes with bookmakers’ bonus offers or anything else in the world of sports betting, double chance betting has both pros and cons you should consider before you start employing this strategy. Let’s take a look at both.
Pros:
- A much higher chance of winning
- Very low risk, in some cases practically insignificant
- Decent profits if teams are equally matched
- Great for beginners as the chances of losing are lower
Cons:
- The odds are pretty low in most cases
- Highly probable bets are often removed by some sportsbooks
- You need to invest more to win significant amounts
Using Double Chance Bets — Experts’ Opinion
Double chance bets typically have lower odds and higher winning probabilities. However, that doesn’t make them either good or bad. It depends on the bettor and how they are used.
A smart bettor will always use these bets on sports like football and only on specific matches where the teams are equally matched. They’ll also use them on games where two of the outcomes’ odds are high enough for the double chance odds to be good enough for you to make a profit.
Top FAQs on Double Chance Betting
On what sports can I use double chance bets?
Double chance betting can be used on any sport, as long as the game has three outcomes and not just two. Otherwise, double chance betting would be meaningless. Due to this, you can’t use the strategy in sports like tennis and volleyball, where there is only a win and a loss in a game. However, even though you can use it in many sports with three outcomes, this strategy is still best suited for football as it offers many surprising outcomes.
Where can I find the best odds for double chance wagers?
As always, you need to shop around for odds as sportsbooks tend to have different odds on any betting market or game. The differences are minor, but they add up over time. Even though it’s hard to find the best online sports betting sites, the ones recommended on Takebet are typically some of the best around, which also means they offer the most competitive odds.
How to minimize risks when making double-chance bets?
As always, you need to know what you’re betting on. You need to research the teams before placing the bet and look at their stats and history. It’s best to be an avid follower of these teams and the sport in general if you want to make better double-chance bets and minimize your risks of losing.
Are double chance bets profitable?
It depends on what you’re betting on. Just as you would look for the best bookmaker offers, you need to look for the best opportunities for placing double-chance bets. You need to look for games where the two teams are evenly matched, meaning the odds on both are high enough. Consequently, the double chance odds are also good enough for a sizable profit. Alternatively, you can place bigger bets, but this is just you risking a vast amount with each wager and that’s rarely smart.
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