What are Double Chance Bets?

Double Chance bets are one of the safest bets you can bet on since you have around 66% chance of winning.

What are Double Chance Bets?
Intro for What are Double Chance Bets?: Double Chance bets are one of the safest bets you can bet on since you have around 66% chance of winning.

In traditional three-way betting, a bettor has a chance of winning 33.33% by choosing a home win, away win or draw. How would you feel if you doubled this possibility? Having a 66.66% chance of winning in football bets sounds extremely tempting, even if these numbers are only theoretically available.

This is exactly the reason for double chance betting: to bet on two of the three possible outcomes on a football match and to win the same amount of money in each outcome. You can bet on a team to win or draw (1X or X2) or place a bet on one of the teams to win and exclude the draw (12).

Of course, a double chance bet offers lower odds compared to 3-way bets, usually half of the two 3-way odds combined. Either way, it is a popular type of bet, offered by all online bookmakers, usually coming first on the list of "special bets", with the exception of the original 1X2 odds. This is because it is valuable to two broad categories of football punters: those looking for big favorites and those who place bets on the underdogs.

Double Chance explained

As you can see from the above diagram there are 3 types of 2way outcomes - 1X - X2 - 12. 1X - This means that either the Home team wins or the match ends in draw. If Away team wins, your bet will lose. X2 - draw or second team win. In this case we would be satisfied with Team2 win or draw. If Team1 wins, we'll lose. 12 - one of the teams eventually wins. Your bet is lost if a draw comes up.
Choosing couple of double chance bets to create a multi bet (accumulator bet) will give you a chance to increase the final odds (all multiplied) - Obviously the more you include in the accumulator bet, the more risk you have to loose the bet. Remember that you still have to analyze the game well before deciding on which two options to throw lot with.

How to place the perfect double chance soccer bet

Whether you are looking for favorites or underdogs, the cause remains the same: safety. This is a matter of personal belief rather than real luck: A bettor thinks it is safe to place a much higher bet on a double chance outcome knowing that it "covers" two of the three outcomes. It is considered a type of bet for high players because the odds are much lower, but that is not entirely true. In fact, anyone can place a Perfect Double Chance bet, as soon as they find good odds.

Let's see the two ways separately:

Favorites: In this case, a bettor decides to place a double chance bet if, according to his analysis, there is a strong possibility of a draw outside his desirable team to win. By placing a bet on a Preferred Double Chance, you are accepting much lower odds (in some odds less than 1.30), but you know that you will get all your wins if the favorite simply avoids defeat.

So if your analysis completely rules out winning the underdog, betting on double chance football is an ideal way to bet. It is also worth it if for some reason the draw is an absolutely undesirable result (for example when two teams play their last game, knowing that in the event of a draw they are both eliminated or relegated) .

Underdogs: This is a more popular medium, as the chances of double chance on the underdog are much higher, in some cases even exceeding the odds offered by the favorite. In this case, the double chance is chosen by the bettors, who feel comforted by the “two-way” hedging, as they are unsure of the underdog's ability to win, especially on the outside. . That way, they just rule out the favorite and don't care if the underdog wins. They also aren't hampered by a late equalizer, which is more common when you're backing an underdog who managed to score first.

Double chance bets on the underdog are almost the same as Asian Handicap +0.5 (or +1/2, as often written) bets. Both types offer the same amount of winnings from two outcomes, but if an online bookmaker offers double chance bets and Asian handicap on the same match, you might notice a slight difference in odds. Usually the Asian handicap odds are a bit higher. This is because of the vigor, because in Asian handicap betting the bookies' commission is much lower than in 3-player bets.

Common Misconceptions About Double Chance Bets

Although double chance bets are one of the most popular you can find on a betting list, there are often misconceptions about exactly what this type of bet is worth and why you should choose it.

Double Chance is designed for big players: a common mistake, usually made by punters who try to get rich in a month of betting and judge everything by the odds on offer. In fact, double chance bets are for all bettors who are in no rush to increase their bankroll. If you have a high percentage of double chance bets it doesn't matter how much you place each time. Remember, winning three single double chance bets of 1.33 odds is exactly the same as winning a single 1X2 bet on 2.00 odds.

It is more difficult to identify the value: it is a direct lie. The procedure for identifying if there is value and judging whether it is worth betting has the same level of difficulty as all other bets. We could say that in the case of double chance bets, the value is more obvious, as the common numbers (wins, total goals, etc.) provide more information.

It is easier to drift on higher bets because of safety: this is a personal matter rather than an inherent problem with double chance bets. A bettor could place more money on a bet when he feels secure about the outcome, regardless of type. Of course, it is easier to decide to place a double chance bet on an underdog instead of backing it just to win. Of course, it is easier for him to decide to place more money on this bet than on the underdog, but the chances of winning are also much better.

You need a higher payout percentage - that's just a miscalculation. It's a matter of luck on the odds. For example, when your average double chance betting odds are 1.33, you need a 67% win percentage to maintain a positive balance. The higher the average odds, the lower the percentage of earnings needed to make long-term profit.

Double chance accumulator. Is it worth it ?

You can also place double chance accumulator bets. This is a type of bet that is not so common among tipsters because they think it is either less worthy (when they pick their favorites) or too risky (when they pick the underdogs) when they place. accumulator bets.

Double Chance accumulators are worth as long as they succeed. If you can find three double odds of 1.26 each and place them in a triple accumulator bet, it is the same as placing a single even bet (2.00). If you feel safer betting on more than one game, there really is no difference.

When supporting the underdogs, double chance betting numbers favor you, at least in theory. Why is that? When you place a double chance bet, in theory you have a 66.6% chance of winning. In the event of a double cumulative double chance bet, your theoretical odds are reduced to 44.4% and in case of a triple double chance bet there is an additional reduction to 29.57%.

Betting on an average double chance odds of 1.70 means that you have almost a 30% chance of getting five times your money. It’s truly dignified, but we have to mention once again that these odds are only theoretical. In most matches, the active odds of winning a "double chance" bet are much lower. This is why you have to be extremely careful when choosing a Double Chance Tip.

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