As the name might give it away with a double chance bet you can double your chances to win. You can find a description, an example and your winning chances in the text below.
Double chance betting is usually deployed by punters who enjoy backing the underdogs with its main feature the fact that it covers two out of three possible outcomes.
By taking a double chance on a team, you win the same amount of money if your team win or if they draw, meaning that only the defeat of the team you backed will result in a loss.
Majority of punters decide to take a double chance on underdogs when they believe that the other team have been wrongfully made favourites by the bookies or when they feel that the odds offered on the underdog represent a good value for money.
What is double chance betting?
Simply put, in this betting strategy you can bet on two outcomes of a game. Needless to say, the only precondition is that the sport you are betting on has three different possible outcomes (e.g. Win, Draw, Loss). Compared to a common bet where you only bet on one of these three outcomes, in a double chance bet you bet on two and thus decrease your risk. On the downside of this, of course, the odds are lower than on common bets.
Examples for double chance bets
As an example we take a look at a football game. In football you can bet on the required three outcomes of a game. A team can win (1), lose (2) or draw (X) against its opponent. So, if you have the feeling that the underdog (Away-Team) is able to draw the favorite or even to beat him, you could place your bet on a Draw (X) or an Away-Team-Win (2). Let’s say Liverpool FC is up against Aston Villa in the Premier League. At the book-makers the “Reds” are a runaway favorite, but you think that Aston Villa could get at least one point out of the game? In this case you could place an X2-bet to increase your chances to win. On the right side you can see an example for double chance betting system. On myp2p you’ll find a lot of Premier League betting odds, in case you need help with your bettings.
Generally speaking there are three different possibilities of a double chance bet:
Case 1: Win Team A + Draw – 1X
Case 2: Win Team B + Draw – 2X
Case 3: Win Team A + Win Team B – 12
Is it possible to make money with a double chance strategy?
All in all, yes you can. However, the odds are usually lower than on common sports bets. That is why you should use this betting concept for games with a risky outcome. At those games the odds are generally a little higher and despite the decrease due to the double chance still profitable. Because of the decreased risk that double chance bets go along with, they are also perfect for your accumulator bets to push up your odds. For example you can combine your double chance tips with some handicap betting.
Which sports are ideal for double chance bets?
As earlier mentioned, those bets are only available for sports with three outcomes. Hence you cannot bet on sports like tennis or volleyball, where there is only one winner and they cannot draw. Apart from sports like those they can be useful in any other sport. Nevertheless, they are very popular with football bets because football bears so many surprise wins and losses (or draws).