Double Chance Bet Meaning - What You Need to Know

A double chance bet in football involves placing a wager on two potential match outcomes.

For example, in a football game, there can be three possible results: a victory for the home team, a victory for the away team, or a draw.

With a double chance bet, you are covering two of these outcomes together.

You can place your bet on one of the following scenarios:

A home team win or a draw.
An away team win or a draw.
Ensuring that one of the teams secures a victory, and the game does not end in a draw.

In essence, this approach allows you to minimize risk by covering two outcomes.

For instance, if you make a double chance bet on Liverpool to either win or draw against Arsenal, you’ll win your bet as long as either of these outcomes occurs.

You’ll only lose if Arsenal emerges victorious.

Similarly, if you bet on Arsenal or a draw, your wager will only be lost if Arsenal loses the game.

If you are confident that the game won’t result in a draw, you can opt for a double chance bet on either Liverpool or Arsenal to secure a victory.

Understanding Double Chance Betting

Double chance betting is a type of sports wager that allows you to cover two possible outcomes in a single bet.

This type of bet is commonly used in football, where the likelihood of a draw is high. By covering two outcomes, you increase your chances of winning the bet, providing a higher probability of success compared to single outcome bets.

Double chance betting is a versatile option available across various sports, including football, handball, basketball, hockey, and more.

This flexibility makes it a popular choice among bettors who prefer to minimize risk while still having a chance to win.

How Double Chance Bets Work

A double chance bet works by allowing you to select two possible outcomes out of three (or more in special bet types) possible scenarios.

If either of your selected outcomes occurs, you win the bet. For example, in a football match, you can bet on the home team to win or draw, or the away team to win or draw.

The double chance market is usually displayed as “Home team/Draw” or “Away team/Draw”. The odds for a double chance bet are typically lower than those for a single outcome bet, due to the increased probability of winning.

This makes double chance bets an attractive option for those looking to hedge their bets and increase their chances of a successful wager.

Odds on Double Chance bets

As one might expect, the odds provided for double chance bets are typically lower, considerably shorter than if you were to place separate bets on either a win or a draw.

Double chance odds are calculated based on the combined probability of the two selected outcomes occurring.

From the bookmaker’s perspective, this approach offers a greater likelihood of winning compared to choosing either a win or a draw separately, hence the provision of shorter odds.

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Example

Let’s look at an example, a snapshot from an upcoming betting market, this time Wolfsburg at home versus Leverkusen in the Bundesliga.

This is the Double Chance market for the match:

This double chance market gives us the following odds:-

Wolfsburg (home) win or Draw: 2.18
Leverkusen (away) win or Draw: 1.27
Wolfsburg win or Leverkusen win (home or away): 1.3

Remember, the double chance bet means you are covering two outcomes in each of these bets. If either of them happens, your bet wins.

So if you’ve backed “Draw or Away” at 1.27, if Leverkusen either win or the draw the game, your bet wins.

Compare these odds with the match odds for the same match:

The odds for the individual outcomes are obviously much higher:

Wolfsburg to win: 4.6
Leverkusen to win: 1.83
Draw: 4.2

So, by hedging your bet on Leverkusen by betting on ‘Draw or Away’ you are reducing the odds from 1.83 to 1.30.

Also, by hedging your bets on Wolfsburg you are reducing the odds from 4.6 to 2.18.

Why Would You Place a Double Chance Bet?

Double chance betting allows bettors to cover two out of three possible outcomes, thus reducing risk and increasing the chances of winning.

Sometimes, making a choice between whether your chosen team will win or settle for a draw can be a challenge. In such situations, opting for a double chance bet can be a reflection of this uncertainty.

Let’s consider a hypothetical scenario where your selected team is playing an away game against a supposedly weaker opponent.

For example, imagine Tottenham is playing away against West Brom.

If this match were taking place at Tottenham’s home ground, you might lean toward betting on Tottenham to secure a victory.

However, if West Brom has been performing exceptionally well in their home matches, you might have concerns that the home advantage could influence the result. While not enough to cause Tottenham to lose, there’s a lingering risk of the game ending in a draw.

In this context, a double chance bet on Tottenham to win or draw becomes an appealing choice as it accommodates the unique circumstances of the match.

Conversely, if you are supporting West Brom in the same game, especially when they are playing at home against Tottenham, you might be optimistic about West Brom winning.

You might even believe that, given their home ground advantage and fan support, their chances of victory are quite high.

However, there could be a lingering doubt about the possibility of a draw.

Once again, the prudent approach in such a scenario is to place a double chance bet on West Brom to either win or draw, acknowledging the potential outcomes and minimizing the risk associated with a draw.

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Another reason could be that you have a cautious attitude to betting and you are quite happy to sacrifice higher odds for an increased chance of winning.

Again that is a totally valid strategy and a sensible way of hedging your bets.

Double Chance Betting Strategy

Double chance betting can be a useful strategy in certain situations. For example, when there is great uncertainty over the outcome of a game, choosing a double chance bet can be a good option.

This type of bet can also be used when an underdog is likely to win, or when favorites may be satisfied with a draw.

Additionally, double chance betting can be used as part of a combination bet to lessen the risk of a betting variant.

It’s essential to analyze team performance and all other relevant factors to make informed betting decisions.

By doing so, you can maximise your chances of success and make the most out of your double chance bets.

Best Bookmakers for Double Chance Betting

When it comes to double chance betting, it’s essential to choose a reputable and reliable bookmaker.

Some of the best bookmakers for double chance betting include Bet365, Betfair and Paddy Power.

These bookmakers offer competitive odds, a wide range of markets, and a user-friendly interface.

It’s crucial to do your research and compare different bookmakers to find the one that best suits your needs.

By selecting a trustworthy bookmaker, you can ensure a smooth and enjoyable betting experience, with access to the best possible odds and markets for your double chance bets.

Looking at Stats to Help Find Double Chance Bets

Looking at statistics can be a valuable tool for finding possible double chance bets in football.

In football betting, double chance bets are popular due to the likelihood of draws in matches, particularly low-scoring ones.

For example, you might find a side that whilst they don’t win many games, they don’t lose too many either – in other words, they draw a lot of matches.

One such team with this profile is Union Berlin in the 2020/21 season (info from the site soccerstats):

As you can see, they only won 12 games over the season, but at the same time only lost 8, whilst drawing 14.

So they would have been a good option for double chance betting – in fact 26 out of their 34 matches would have been a successful Union Berlin/Draw double chance bet.

At home they were particularly strong, with just one of their 17 matches ending in defeat. So the double chance would have been a great option for their home matches.

Union Berlin finished seventh in the Bundesliga that season so would not have been strong favourites in many of their matches, meaning you could have got reasonable odds for many of those bets.

There are also other factors you can look at to find good double chance betting opportunities, including:

Head-to-Head Records: Examine the historical performance of the two teams when they’ve played against each other. If one team has a strong record against the other, it may be a good candidate for the 1X or 2X bet.
Home and Away Form: Consider how each team performs at home and away. Some teams may be strong at home but struggle on the road or vice versa. This information can be useful for making 1X or 2X bets.
Injury and Suspension Status: Check if key players are injured or suspended for either team. Absences of key players can significantly impact a team’s performance, especially in terms of scoring and defending.
Goals Scored and Conceded: Analyze how many goals each team scores and concedes on average. Teams with strong defenses and low-scoring games might be good choices for 1X or 2X bets.
Match Venue: The venue of the match can also be important. Some teams may perform significantly better at their home stadium, making them good candidates for 1X bets when playing at home.
Team Motivation: Consider the context of the match, such as its importance in a league or tournament. Teams fighting to avoid relegation or qualify for a championship might be more motivated and therefore good options for double chance bets.
Weather Conditions: Weather conditions can impact the outcome of a football match. Teams used to playing in certain weather conditions may have an advantage. This can be especially relevant in international or domestic cup competitions.
Recent Trends: Look for any recent trends or patterns in a team’s performance. For example, if a team is consistently drawing or winning by narrow margins, it may be a good choice for 1X bets.

By analyzing these statistics and considering the context of the match, you can make more informed decisions when it comes to placing double chance bets in football.

It’s important to note that no strategy can guarantee success in sports betting, but using statistical analysis can help you make more informed and strategic bets.

Common Mistakes to Avoid

When it comes to double chance betting, there are several common mistakes to avoid. One of the most significant mistakes is not understanding the odds and how they work.

Double chance bets typically have lower odds than single outcome bets, due to the increased probability of winning.

Another mistake is not analyzing team performance and all other relevant factors before making a bet.

It’s essential to do your research and make informed betting decisions to maximize your chances of winning.

Additionally, it’s crucial to manage your bankroll effectively and not chase losses.

By avoiding these common pitfalls, you can improve your overall betting strategy and increase your chances of success with double chance bets.

Finally

Understanding double chance bets provides you with another useful betting strategy to hedge your bets.

Unlike accumulator or treble bets where losing one selection means losing the entire bet, double chance bets offer a safer alternative.

While you may use it to increase your chances of winning, the price to pay is the shorter odds offered.

However, double chance bets have their place and can be a useful arrow in your betting quiver.