Double chance bet: how it works and example of double chance

Double chance bet: how it works and example of double chance

shutterstock 1228238821 1A double chance or double chance bet, offers two chances to win in a match. You bet on two possible outcomes of a match.

Normally, you only bet on a single outcome: win, lose or draw. In a double odds bet, you bet on two different outcomes. For example, you can bet that the home team will win or draw.

Advantages of a double chance bet

More chances to win – A double chance bet gives you more chances to win than a 1×2 bet. This is because you eliminate 1 of the 3 loss scenarios and turn it into a potential chance to win. As a result, your chances of making a correct prediction are higher. Of course, the chance of losing your bet is still real.

You lower your risk – By using a double chance bet, you run less risk of losing your bet. This is because you can select the 2 most likely options for your bet.

In an evenly matched match, it is often difficult to pick the winner. In such a scenario, a double chance bet is a good strategy, especially if the two teams are playing their last league game and want to finish the season in the highest possible spot and will take risks.

Good to bet on underdogs – Do you think the underdog has a good chance, but still don’t want to go all in with your bet? Then you can increase your chances of winning with a double chance bet. This is a good strategy if you are risk-averse.

What are the disadvantages of a double chance bet?

A double chance bet gives you more chances to win. The bookmaker will obviously take this into account when calculating the odds. A double chance bet has a lower quote than a regular single bet. Because of the lower odds, this type of bet is less interesting for matches with a clear favourite.

Another disadvantage to the double chance bet is that you cannot use this bet on any sport. For example, it is not possible to bet on tennis via the double chance bet system. This is because in tennis, there are only two possible outcomes: the player wins or the player loses. A draw is not possible in a tennis match.

Example of a double chance bet

Suppose: in the Eredivisie, AZ plays Feyenoord at the end of the season. Both teams are still playing for the Europa League so you expect an attacking match with no clear winner. You rate AZ pretty highly as an underdog based on their good form in recent weeks.

According to you, AZ will win, but you realise that on paper Feyenoord are still the stronger team. The end of the season is unpredictable and a surprise is always possible.

By placing a double chance bet, you win your bet even if the match eventually ends in a draw. Of course, the risk of this bet is a lot lower than if you were to place a single bet. Also keep in mind that you can still lose your bet and the odds are on the low side.