DOUBLE CHANCE BETTING EXPLAINED
What does Double Chance mean in betting?
Occasionally, bookmakers may reduce the 3 outcomes for a football match to 2, by what is known as ‘Double Chance’ betting, where a single price is offered on a win or draw. If the backed team wins or draws, the bet wins; if the team loses, so does the bet.
With double chance bets there is no possibility for the draw. The win/draw odds will always be shorter than for both the individual win and draw odds, because the chances of either outcome occurring are greater than for each one separately.
What is a double chance bet?
A Double Chance bet is an interesting alternative to picking out a market option which covers just one outcome. The Double Chance is popular in soccer betting, because as long as you can assess a match option in which a team is fairly unlikely to lose, then you can cover yourself on the other two options, a win and draw, by combining them into one bet.
So a Double Chance bet is essentially a Win/Draw option on a team, which will pay out a winner, as long as the team backed in the bet doesn’t lose. The bet would be paid out a winner if the backed team won or drew. This is a good way to spread your coverage on an outcome if you can’t quite decide between the backed team drawing or being good enough to take a win. This is a particularly useful option for backing stronger teams playing away from home.
Because a punter will be combining two outcomes of the possible three available in a soccer match (Win/Draw/Loss) into one bet, then naturally the odds at which a Double Bet can be taken, will be lesser than either a straight bet on a Win or a Draw.
*Wagering and T&Cs Apply / T&C’s Apply on betting offers, 18+. Please Gamble Responsibly.
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