Double Chance Betting
What is Double Chance Betting?
Double chance betting is where you will bet on a team to either win or play a draw and win if the team manages to do so. The only way to lose in a double chance bet is if the team you have betted on loses, otherwise you will get a prize no matter what the result it. The odds will be significantly lower than if you bet on a victory for the team or for a draw, but since you got both results covered, it is still a profitable way to bet. Double Chance is especially good for matches where you think there is no chance that the other team will win, but still believe that they can reach a draw. With double chance bets you will still be winning money if this happens, ensuring that you will get angry from an equalizing goal in the last seconds.
Double chance betting is becoming increasingly popular as many hobby players have an easier time making a long term profit by choosing this option, instead of losing when a worse team makes a surprise draw against a top team. Doing a little bit of homework before making the bet will get you a very long way with the double chance betting.
Can You Give Me an Example?
Of course we can! Let's assume you want to place a bet on Barcelona vs. Real Madrid and you believe that Barcelona will win because of their current good form and Real Madrid's current bad form. However you do realize that there is a high chance of a draw, so you want to cover that option as well.
Barcelona 1X Double Chance Odds: 1.60
Real Madrid X2 Double Chance Odds: 1.90
If you bet on Barcelona as double chance and you win because Barcelona wins or it finishes as a draw you will get your investment amount multiplied by 1.6 back.
Should you bet on Real Madrid instead, they need to play a draw or win in order for you to win your bet. It is as simple as that.
What is the Advantage of Double Chance Betting?
The advantage by choosing to bet on a double chance is the security that it provides for the better, as you have a much higher chance of winning money than you would otherwise have. By eliminating another option that you can lose on your odds of winning increases significantly. Despite the fact you will receive a much lower odds compared to just betting on a victory or a draw directly, it is still doable to make a good long-term profit by betting with double chance.