What is a double chance soccer bet? Is it worth it in betting?

What is a Double Chance soccer bet? This is considered one of the most popular sports betting markets, and we will explain everything you need to know about placing Double Chance bets. So, what exactly is a Double Chance bet? With this type of bet, you wager on two possible outcomes of an event. Here in this helpful guide, premiumsoccertips.net will break down how that type of bet works in sports betting.

What is double chance soccer bet meaning?

The term double chance is one of many terms unique to sports betting. To minimize the risk when betting on the match winner, this type of betting is a safer option. If you’re undecided, you may simply opt for a double chance bet instead of choosing between the winner or loser if you’re undecided.

A double chance bet offers three choices. You can bet on:

• The home team to win or draw;
• The away team to win or draw; or
• Either the home or away team to win.

This type of bet is not limited to football matches. You can find this option in some other sporting events as well. The double chance market is only available for sports events that have the potential to end in a draw.

Types of Dual Chance Betting in Football

Double Chance 1X

Double chance bets are divided into different outcomes. This is when you bet on the first team to win or draw, which could be the home team. The home team may also include players you can bet on for a double chance.

Double Chance 2X

This is when you bet on the second team to win or draw. This could be the away team or the visiting team in a deciding match. Typically, only one bet is placed for the team, but the winnings increase if you place more bets. The draw option ensures victory away from home will still reward you.

Double Chance 12

This is when you bet on both teams to win. Both teams must win a match for the bet to profit, with two separate matches taking place. The winner will be rewarded more because there are two chances to complete it.

There is more risk, but also more profit. If you find no deposit bonus codes in Australia, these codes can provide you with free money to at least give it a try.

The best strategy for placing double chance bets

The best way to assess whether this betting strategy is effective is to consider all three outcomes. Most bookmakers will provide statistics on all these players to see who has the highest betting odds. This will also help you identify which team is the riskiest. For example, a home win may offer the best odds because they are less likely to lose. The team has won many matches and consistently performs extremely well. The double chance, meaning you can also bet on a draw, is an advantage. Both a win and a draw offer two strong chances instead of randomly betting on multiple aspects.

You can look at various statistics to see which is most likely to win. Many bookmakers will have a variety of statistics available to view. This includes the likelihood of extra time or which player forms a team. Are there any worrying handicaps that could lead to their defeat? These answers can be found before any match begins.

What is a double chance bet in soccer?

Soccer betting primarily focuses on the team’s victory. It helps you easily determine which side will win and bet on them. This is because a soccer match can only have three possible outcomes. It can end in a win, loss, or draw for both sides. Double chance means including two-thirds of those results, providing the best chance possible to earn winning money. The only drawback is that the odds are more risky. For example, you can bet on one team winning or drawing, but the other team’s chance of winning remains. There are only two teams in a soccer match and no other side for you to bet on. Once you’ve chosen your side, that’s set.

If you want better betting options, the statistics of a soccer match are always front and center. You can see which team has the best players or winning streaks in a tournament. When using double chance, you can place bets more easily if all you have to do is look at the statistics of both teams. This can make it perfect for newcomers to gambling. But remember, if you feel that betting is not to your liking, you can try land-based casinos. Find out when Crown Casino will open to visitors or try online casinos.

The most popular sports for placing double chance bets

The best sports to utilize double chance betting are those with limited possible outcomes. The expectation is typically for there to be three outcomes: a win, a loss, and a draw. The best sports meeting this criterion are those involving matches between two teams. Here are some prime examples with double chance opportunities:

• Football (Soccer) – This is a classic example of utilizing double chance bets. It involves matches between two teams where you can bet on which team will win. A lot of statistical analysis goes into players and components.
• Basketball – This differs from football but the basic premise makes it great for this type of betting. You bet on teams and see who wins or draws.
• Tennis – Although this game doesn’t involve teams, it’s between two players. That means it can still adhere to the three possible outcomes.

Calculating double chance bets

Here’s how the odds of these bets are calculated. Knowing this type of calculation can help you make better choices without needing to place them elsewhere and how to predict possible outcomes.

• When betting on the home team to win, the stake is Home x Total (so a draw adds to the win).
• The stake for a draw is the Total stake for the Home win.
• The profit is calculated as follows: Home x Draw x Total / (Draw + Home).
• Once the calculations are done, the exact odds are synthesized: Draw x Home / (Draw + Home).

Remember to perform these calculations accurately to get your odds and work out your profits. There are handy online calculators you can use.

Advantages and Disadvantages

Here are the main advantages and disadvantages of using double chance betting. Every advantage is a compelling reason to try, but every disadvantage could expose you to more risks.

Advantages:

• You bet on two outcomes to give yourself a much higher chance of winning.
• Your winning odds have increased as you gain more profit.
• The most popular sports allow for this type of betting to take place.

Disadvantages: 

• Double chance bets often have higher odds because you are betting on two things.
• There is still a risk of the opposing team winning.

Conclude

Everything new is better, so take advantage of the double chance opportunity when they see it. While other sports can be bet on, the most popular sports use this method to make newcomers feel welcome. You can continue to place single bets if you feel more comfortable, although the handicap of that is minimal winning.

See more: Over under betting explained – How does over under bet work