What Is Double Chance Betting In Sports? A Complete Guide

What Is Double Chance Betting In Sports? A Complete Guide

Betting on two different outcomes in a game with three potential effects is double chance betting. Football is an example of a game that could end in a win, draw, or loss. A double chance wager allows a punter to make a wager on either success and draw, victory and defeat, or failure and draw. A punter wins less on a double chance wager than a bet on a game’s outright outcome. However, a punter stands to win more consistently, making double chance types of stakes in sports.

Features Of Double Chance Betting

Some of the critical features of double chance betting include giving punters two effective betting chances on the same wager, used for sporting and betting events with three outcomes, utilized on wagers between evenly matched opponents, similarities between lay and no draw bets, and usually used in finals and semis, and on leagues with fewest draws.

1. Two Chances

Punters get two chances or a double chance at winning a three-sided wager. Punters trade the potential for a higher profit for safety by betting on 2 out of 3 outcomes. Punters can still lose a gamble if they bet on two particular results, and neither of those outcomes comes to fruition. A punter making a double chance wager on a football match has a better chance of winning a bet than making a regular wager. The double chance market is also sometimes called the 1x2 betting market.

2. Sporting Events With Three Outcomes

Double chance wagers work on sporting events with just three outcomes. Most sporting events have predominantly two results (basketball, cricket, tennis, etc.) or multiple results (horse racing, swimming, running). Consider sporting events with various outcomes such as the F1, the Grand Prix, the Kentucky Derby, or even Esports games such as PUBG. These sporting and Esports events are specific games with multiple participants and usually a single winner or top-3 among a list of competitors. Double chance wagers aren’t as effective on sporting events with numerous participants versus the traditional two participants (or teams).

3. Utilized when Teams’ Matching is Even

They utilize double chance wagers when matching the two teams’ match, and a punter is leaning towards one side. The punter can make a wager they’re leaning towards while also hedging on a draw result. Draws are the most likely results between evenly matched teams. For example, a double chance wager works on a bet between PSG and Bayern Munich because they are even. These teams could play in a win, draw, or loss on any given day. A double chance wager allows a punter to hedge against the potential high likelihood of a draw outcome.

4. Similar to Lay Betting and No Draw Bets

Double chance betting shares similar features and advantages to other betting markets, such as lay bets and no draw bets. Lay betting and no draw bets allow a punter to hedge against draw results by betting on the development or not including a draw outcome when making a wager. No draw bets have draw results, and they refund bets in the event of a draw result. Lay betting enables a punter to make a wager on a team not to win, which implies betting on either a draw or a win on the opposing team. While these betting markets share similarities, they also have some common differences in the payout, probability of winning, and the number of providers that provide different types of betting markets.

5. Better for Finals and Semifinals of Tournaments

Double chance wagers are usually used for central tournament semifinals and finals events because teams tend to play more defensive, and their matching is even. A double chance wager enables a punter to hedge against a potential draw outcome, likely during 90 minutes of a regulation football. If a game goes to overtime or penalties and a team wins, the result at 90 minutes will still be considered the full-time score at the end of the game.

6. Fewest Draws

Punters should avoid using double chance wagers on games that are unlikely to end in a draw. Games between a very strong and a feeble opponent usually don’t end in drawing results. Also, if either one or both defences are weak, or both teams tend to score many goals, then games don’t usually end in draws either. However, teams that don’t manage to score often and leagues with a high number of attractions are good betting opportunities to apply double chance wagers.