Double Chance Bet Explained: Boost Your Odds in Different Scenarios

Double Chance Bet Meaning

Double Chance Bet Explained: is like buying two lottery tickets instead of one. It lets you cover more ground in predicting the outcome of a soccer match. In soccer, you normally have three outcomes: the home team wins, the away team wins, or the match ends in a draw. A Double Chance Bet lets you bet on two out of these three outcomes simultaneously.

All of this applies to any soccer league youd like to bet on. The key is that you win in two scenarios instead of just one, making it go-to bet when you want to have some fun betting but also want to play it a bit safe. They’re also an essential part of a “slow and steady” approach to making a living off sports betting.

Understanding Double Chance Odds

So, when you place a Double Chance bet, you’re betting on two out of three possible outcomes in a soccer game. The odds reflect the likelihood of either of those outcomes occurring, which is why they tend to be lower than betting on a single outcome. The lower odds are due to the increased probability of winning the bet.

How Odds Work

The odds for Double Chance bets tell you how much profit you will make for every buck you bet, assuming you win. Let’s take a look at a simple chart to explain the typical, generic odds you might see for a Double Chance bet:

Reading the Chart and Odds

This is key for getting a double chance bet explained. The whole point is for you to make smarter betting decisions based on risk versus reward. The odds often reflect a reasonable likelihood for each possible result and youll notice that Double Chance bets can be less risky but offer smaller returns. This on itself makes these bets great for tighter matches where you want to reduce the chance of losing your money due to an out-of-context goal.

For instance, let’s say that you think a game will be close but you doubt it will end in a draw and you want to place a double chance bet:

• If you wage $100 on “12” (Home or Away Win) at odds of 1.20, and either Team A or Team B wins, you will get $120 back. That’s your original $100 plus $20 profit.

A couple of things to keep in mind:

• Higher odds mean higher risk: But in the case of Double Chance bets, the odds are generally lower because the risk is spread over two outcomes.
• Choose wisely: Pick your bets based on how matches are expected to play out. If a strong team plays at home against a weaker team, “1X” might have very low odds, reflecting the high probability of at least a draw for the home team.

Meaning of Double Chance in Betting in Matches

To get a clearer picture  for getting a double chance bet explained, lets think of a match scenario where theres a clear strong side. For instance, Argentina (the current world champion) is playing Canada with all of their starters.

Canada has a new coach, and seems to be taking the team to a whole new level of performance. But they’re still rank 50~ according to FIFA.

Lets say you’re looking to bet but also want to avoid losing if there’s a surprise result. Here’s how you might approach it:

• Bet Option: A Favorite’s Win or Draw (1X)

Reasoning: Argentina is strong, especially at home, but let’s say Canada has been showing some solid skills, and this is an opening match (Argentina surprisingly does poorly on tournament opening matches) so you think there’s a slight chance they could hold Argentina to a draw.
y’re still rank 50~ according to FIFA.

Betting 100 bucks on Argentina to win or draw would look like this:

What if Argentina is missing a couple of key players like Romero and Messi (key defender + key goal scorer & playmaker)? And Canada has shown great performances against other top national teams, besides Argentina is known to start tournaments poorly. Having all of this in mind you might want to bet on the underdog:

• Bet Option: Canada Win or Draw (X2)

Reasoning: Argentina is missing some critical players in their lineup, on top of it this is an opening match (Argentina surprisingly does poorly on tournament opening matches). Plus, Canada does great against top national teams so you think there’s a slight chance they could hold Argentina to a draw and even deliver a surprise blow.

Betting $100 on Canada to win or draw would look like this:

So even considering two very different scenarios, with double chance bets you get to enjoy some leeway and lower your risks. You get to have fun with a bit of security in your bet as you’re covering two possible outcomes no matter the bet. Plus, it allows you to bet on a favorite while still having a safety net if the match ends in a draw.

A Close Knockout Match Between Two Strong Contenders

Lets say both France and Spain are in great shape throughout 2024’s Euro cup and they’re about to square off during the knockout stage. Both teams are strong and have the potential to win the tournament so youre basically about to witness a Final ahead of time. But wait a minute, this is a knockout stage match…

Can You Make a Double Chance Bet in Knockout Matches?

Absolutely! you can lay a double chance bet for a knockout stage match. It’ll works the same way: you bet on two outcomes (e.g., home win or draw). Just remember, if the match goes to extra time or penalties, most bets are settled based on the result at the end of regular time (90 minutes plus stoppage time). This is also why double chance bets are great for managing risk in unpredictable matches.

Here’s a thought in the form of a Side Note:

Adding a Draw No Bet on top of a Double Chance bet is an interesting option too. It gives you a bit of extra coverage, especially in those nail-biting matches where anything can happen. With a Double Chance bet, you’re already reducing your risk by covering two possible outcomes, and by throwing in a DNB, you add another layer of safety if things end in a draw. This combo can be a smart way to keep your bets more secure while still having a shot at decent returns, particularly in tight knockout stage games.

Back to the Spain vs. France Hypothetical Match

For tight matches such as these, you might want to consider some probabilities for each outcome and add them together for the different possibilities that double chance bet offer.

This is a cool example for getting a double chance bet explained: Double chance odds are essentially a reflection of the combined probabilities of two outcomes happening in a three-way moneyline bet. By summing these probabilities and converting them through decimal and then to American odds, you get the actual double chance betting odds. This approach allows you to see how much value you’re getting from the bet and make a more informed decision.

If Mbappe is in top shape, Spanish will probably be the match’s underdog (even if they have all of their starters available). However, let’s go through the different betting scenarios to get the whole picture:

Scenario 1: France Win or Draw (1X)

Odds: 1.43

You bet $100 on France to either win or draw the match with odds at 1.43. Here’s what happens:

So, if France wins or the match ends in a draw, you win $143. If Spain wins, you lose your $100 bet.

Scenario 2: Spain Win or Draw (X2)

You bet $100 on Spain to either win or draw the match with odds at 1.67. Here’s what happens:

So, if Spain wins or the match ends in a draw, you win $167. If France wins, you lose your $100 bet.

Scenario 3: France or Spain Win (12)

Odds: 1.43

You bet $100 on either France or Spain to win the match with odds at 1.43. Here’s what happens:

So, if either France or Spain wins, you win $143. If the match ends in a draw, you lose your $100 bet.

Practical Strategies for Double Chance Bets

As we’ve seen, double chance bets are pretty good for matches with no clear favorites since you can choose 2/3 possible outcomes and significantly minimize risks. It’s essentially a safer, but less profitable approach to building your bankroll for the month.
However, double chance bets are also pretty decent for matches with a clear favorite, if you think that an upset or a draw is possible. This is a big if and it usually has to do with specific circumstances around the game such as key players missing or a history of bad performance against a particular team.

All of the following tips not only help  a lot getting a double chance bet explained, they’re also key for making smart bets:

Do some Research on Recent Form and Head-to-Head Records

Teams’ recent performance and their history against each other can offer clues about possible outcomes. This might have something to do with a coach’s particular playstyle that naturally counters a team, or a key player performing consistently worse against this specific team.
If youre laying a bigger amount than usual take a look at past match highlights to see if there are certain players or tactics that consistently contributed to a teams win or tie. If both teams have a history of close matches, a Double Chance bet on either team to win might be wise.

Consider Team News and Injuries

When there isn’t a clear favorite, key players missing can significantly affect a team’s chances. If that player is the reason why one of the teams ends up competing a lot better, scoring winning or tie-goals, then betting on the other team to win or draw (X2) can be a smart move. If, for example, Mbappe is missing from our previous example, then you’re pretty much removing the chances of him dribbling past two players and scoring (something he’s very well-known to do).

Use Double Chance in Accumulators

Using Double Chance in accumulators is smart because it boosts your chances of winning by covering multiple outcomes in more games. While the payouts for individual Double Chance bets are lower due to reduced risk, combining several of these bets in an accumulator can increase the overall odds, offering a good balance of safety and reward.

It’s the slow and steady approach that many veterans like to leverage across multiple sports betting. It allows them to make more bets per month at a much lower overall risk.

Watch For Teams That Draw Somewhat Consistently

Double Chance bets are perfect for teams that draw a lot. Since they often avoid losing, “Win or Draw” bets (1X or X2) help you stay safer while still making a profit. It’s a smart move to keep your bets steady and reduce the risk.

Always Look at Each Team’s Defensive Stats

Strong defensive teams are awesome for double chance bets because they rarely lose. Betting on them to win or draw means you’re playing it safe, as their solid defense makes them less likely to be beaten.

If both teams are defensively solid, betting on either to win (12) might cover all bases except a draw (which minimizes risk). The game itself might not be a nail biter to witness, but when you’re betting on it, the adrenaline hits differently.

Do Some Research on each Teams Playstyle (can favor Underdogs)

Sometimes betting on underdogs with a counter-attacking playstyle against possession-based teams is smart for Double Chance bets.
More often than not, the big favorite team likes to dominate possession and play a high line, therefore watch out for underdogs that practice counterattacking playstyles on their own. We’ve seen this happen time and again to Pep’s Barcelona, who took plenty of risks and sometimes paid dearly for it.

These are the kind of underdogs that thrive on exploiting mistakes and hitting on the break, so they’re often good at getting draws or surprise wins. By betting on them to win or draw, you’re capitalizing on their ability to disrupt the favorite’s game, giving you better odds with a lower risk.

FAQs on The Ugliest NBA Players

What is double chance betting?
Double chance betting allows you to bet on two of the three possible outcomes in a soccer match, reducing risk.

How do I place a double chance bet?
Choose a match, select the double chance option (1X, X2, or 12), and place your bet with your bookmaker.

What are the different double chance bet options?
1X (Home win or draw), X2 (Away win or draw), 12 (Home or away win).

How does double chance betting differ from other types of soccer bets?
Double chance bets cover two outcomes, reducing risk, while other bets typically cover only one outcome.

What are the advantages and disadvantages of double chance betting?
Advantages: Higher chances of winning, reduced risk. Disadvantages: Lower payouts compared to single outcome bets.