Today we are going to talk about Double Chance bets, their aspects and peculiarities.
What is Double Chance
Double Chance presents a possibility to bet two out of three outcomes at once. Therefore, you have only 33.3% of our bet may lose.
What an attractive proposition we would think. However, there is one negative feature: the odds for such outcomes are usually quite low as the bookie perfectly understands the possibility of winning is twice as high.
That’s the reason why such outcomes are quite often included in multi bets, as the bettor gets an opportunity to combine several single bets to get favorable odds.
Double Chance Types
The most common double chance bets are – 1X – X2 – 12
In football, you bet 1X, which means the hosts to win or tie. If the away team wins, your bet is going to lose.
In case of X2, the away team should win or tie. If the hosts win, the bettor loses all the money.
12 – the bet for any team participating. In case of a tie, the bettor is going to lose.
Example
For a better understanding of the double chance meaning in betting – let’s consider a small example:
You may see the screenshot of the line of one famous bookmaker for the England Premier League, Wolverhampton vs Sheffield United. We’re interested in 1X, 12 and X2.
When we bet $200 for 1X, we get $222 ($200 + $22 net profit) if Wolverhampton win or tie.
When we bet $200 for X2, we get $566 (200+366). However, now Sheffield United should win or tie, so we could get our profit. If Wolverhampton wins, we lose.
When we bet 12, Wolverhampton vs Sheffield United should end with the win of the home or away team.
Effectiveness of using
Double chance bet gives a bettor more possibilities to win in a specific match. It’s surely the main advantage of this bet type. However, double chance bets don’t guarantee winnings: in some cases, bettors can lose all the initial bank in a few stakes.
Due to the fact of raising the popularity of specific betting systems like surebets, which really brings profit despite the result of sports events. Surebets arise due to the difference in bookmakers’ odds for opposite outcomes of events.
For the most effective use of the strategy, punters choose surebet services. The leader among them is BetBurger. The service scans lines of various bookmakers (200+) in dozens of sports (46) and sports markets (230+).
You’ll get the list of existing surebets in a matter of seconds, and the only thing you need is to place bets and wait till the end of the sports event. Placing 3-5 surebets a day you can earn 10-15% monthly from your initial bankroll.
Conclusion
As we may see, Double Chance has some pros as the bettor gets a great opportunity to profit. Moreover, this type of bet is quite easier to understand than eg. asian handicap betting. However, bookies often understate the odds for such outcomes.
That’s why is better to pay attention to effective betting systems like surebets or positive ev betting, which can really bring a tangible income from sports betting.