It is considered to be one of the most popular sports betting markets, and we will explain everything you need to know about a Double Chance bet. So, what exactly is a double chance bet? With this type of bet, you stake money on two possible outcomes of an event. Here in this helpful guide, we will break down how that bet type works in sports betting.
What Is a Double Chance Bet?
The term double chance is one of many that are unique to sports betting. In order to reduce risk when betting on a match winner, this type of betting market is a safer option. If you’re undecided, you can simply place a double chance bet instead of picking a winner or loser if you’re undecided.
The double chance bet comes in three options. You can either bet on:
- Home team to win the match or draw;
- Away team to win the match or draw; or
- Home or away team to win.
This type of bet is not only available for soccer matches. You can find this option in some sporting events. The double chance market is only available for sports that could potentially end in a tie.
Double Chance 1X Meaning
A bet on the double chance 1x is simply a wager on the home team to win or draw the game. If you think the home team will win because of the advantage they have, but the away team will give them a good fight, then this is the market for you to bet on.
Whether or not you should back the home team depends on how well they have performed at home in their most recent matches.
For example, in a match between Chelsea and Brentford, you can use the 1X double chance option, especially f you are confident that the home team, Chelsea, will win the match. If the game ends in a draw, you will still win your bet.
Double Chance X2 Meaning
When you opt for the X2 double chance bet, you are essentially saying you think the away team will win or draw. In other words, the visiting team could be in fine form and a strong favourite to win the match.
There is a chance, though, that the home team will have a superior defence and a distinct advantage because of playing at home. In this case, if the visiting team doesn’t win, it might at least get a tie. It’s best that you compare the teams to see which one is more formidable or has a better shot at winning.
For instance, if there is a game between Tottenham and Manchester City, and you choose the X2 bet. It means you are confident that Manchester City will win. If that doesn’t happen, your bet will still win if the match ends in a draw.
Double Chance 12 Meaning
The double chance 12 is a bet you place when you don’t have a strong opinion about the final score but are confident that there will be no draw. It’s possible for either team, home or away, to come out on top.
In this case, you likely believe that the two teams’ strengths are nearly equal. For this type of wager, one team usually wins, and the other loses regardless of the sport. If you are choosing this type of bet, you have to see how both teams have fared in their most recent head-to-head matchups using game statistics.
What Are the Pros and Cons of Double Chance Betting?
The double chance bet is appealing to both seasoned gamblers and novices because it allows them to wager on two possible outcomes. To help you decide whether or not double-chance betting is right for you, we will examine the benefits and drawbacks of this type of betting market.
- Better chances
There isn’t much of a learning curve with these bets. Betting on the match winner only covers one of the three possible outcomes. To get a better hedge, you can place double chance bets.
- Low risk
With this type of bet, you eliminate one of the possible outcomes. If you bet on the home team to win, but they end up losing or drawing, you could end up losing your bet. This type of bet, on the other hand, minimises your risk.
- For newbies
If you are just getting started with sports betting or online gambling, it’s best to start with safe bets. For this reason, newbies can try out double chance bets, which allow them to reduce their exposure to loss.
- Backing underdogs
Consider double chance betting if you are reluctant to wager on underdogs. Since you can still come out on top even if the underdog you bet on doesn’t win.
- Both outcomes win
With double chance, you get paid if either of the two outcomes occurs, as opposed to other markets. This betting market has this distinct advantage over the draw-no-bet option.
For instance, in the draw-no-bet market, if you bet on a team to win, you would only receive your initial stake back if the game ended in a draw. If, however, you bet on a double chance wager, you will receive the potential winnings regardless of the match ending in a win or draw.
- Lower odds
The only drawback is that the odds are lower than if you were betting on the match winner. That’s to be expected, since the odds you are given accurately reflect your actual chances of success. The fact that your odds are lower means that you have a better chance of eventually cashing out.
What Is a Good Strategy for Double Chance Bet?
If you want to potentially win, you should research the teams’ most recent matches, paying special attention to how they fared against one another. It will help you decide which of the two possibilities has a better chance of happening. Here are some useful strategies and tips to consider when betting.
Add More Games to Your Bet Slip
Adding more selections to your bet slip will automatically increase your odds for any double-chance bets you place. Usually, odds are low for double-chance bets.
Study the Game Stats
It’s not uncommon for certain teams to only ever win or tie their games. You need to study statistics first before you make your decision. What you should be looking for are teams that are performing above or below their current position in the standings. These teams are very tough to beat. As a result, you can find good betting odds on them.
It’s fine to use double-chance bets to back strong teams. If you are not into accumulator wagers, you will need to bet more. If you want to be successful at betting, you should set a betting budget and stick to it. Also, remember that higher stakes come with a higher risk of loss. Play responsibly.
Get Bonus Offers
You can find trustworthy bookmakers with bonuses. When you sign up for an account, you can receive bonuses if you meet all the requirements. The bonus funds can be used to cover all types of bets, depending on the terms of the promotion.
How Is Double Chance Bet Calculated?
In any game with a Moneyline market, you can place a double chance wager (1×2). When two teams face off in a match, the team with the higher score in the match wins. It’s common to see bettors opt for double chance options on football betting. Also, in basketball, you can wager on a double chance for either the quarters or the overall outcome of the game.
Before placing a wager, it is in your best interest to check the odds and use a betting calculator to determine your potential return.
To illustrate how the sports-betting market functions, we will use two examples of double-chance wagers and provide advice on how to place such wagers.
Assume that in the English Premier League, Arsenal is taking on Watford. Even though Arsenal is the clear favourite, you can’t help but think that the underdog should take the lead instead. Still, you aren’t 100 per cent confident in the visitors’ victory, so you place a double chance wager on a draw or victory for Watford (2X).
Luckily for you, the game goes exactly as you expected it to. Watford is able to hold a strong defence, and no goals are scored, making the match end in a tie.
Game: Arsenal – Watford
Your bet: X2
Final score: Arsenal 0-0 Watford
Since you placed a double chance wager on the Away Win/Draw option, you have a winning bet.
Let’s say your recent double chance win encouraged you to wager on another Watford game. This time around, however, Manchester City will be visiting Watford. So, if you back Watford to win or draw, you should get some good odds because the home team is the underdog.
Game: Watford vs. Manchester City
Your bet: X1
Score: Watford 1-2 Manchester City.
Watford is unable to win even though the odds are on the home team to win this time. Your double chance wager loses because the away team wins.
FAQs about Double Chance Meaning
Does double chance include extra time?
No. This betting market does not apply to extra time. The results are determined during the regular time of the match.
Can I combine a double chance bet with other types of bets?
Yes, you can use this kind of bet along with any other type of bet. There are no rules against mixing different betting options on your bet slip.
What are the benefits of double chance betting?
Those bets are one of the safest wagers you will find online. They carry less risk.
Is Double Chance win or draw?
A double chance bet is when you make a two-in-one bet. You can bet on the home team to win or draw (1X), away to win or draw (2X), or either team to win the match (12).