The answer to what does Double Chance mean in betting terminology lies here with our gambling experts on hand to explain this wager from all angles. The Double Chance bet meaning will soon become clear as we show you how it all works with an example and advice for when to take this kind of punt.
Just precisely what is Double Chance betting then? This is a type of bet that you can put on football games covering two of three possible match results at the same time. No, it’s not a misprint. You really can wager on more than one potential outcome. The Double Chance meaning really is as simple as that.
While it’s pretty clear what does Double Chance in betting mean, the options on offer are worth assessing in more detail. As anyone gambling with online bookies knows, there are only three outcomes to a match. Either team wins or the game ends in a draw. A Double Chance bet covers two of these, but there are still three options in the market.
This is because that many permutations still exist when you pick two from three outcomes. In the standard full-match result market, often abbreviated to 1X2, you must be spot on with your prediction. Double Chance betting gives you extra leeway, however, and these are the scenarios you can wager on:
First up, you can cover everything but an away win. The visitors are represented by the number 2 in the regular full-time result betting on a game. That leaves 1X as the outcomes you want to cover. Such a Double Chance bet pays out regardless of whether the home team wins or the match finishes in a draw.
For those punters who can’t abide draws or don’t think they’re likely, you can back either team to win at football betting sites. Of the three Double Chance betting options, this may have the shortest price depending on the circumstances surrounding the game. The 12 scenario is one where it doesn’t matter whether it’s a home win or an away success, so long as the match doesn’t end level in the regulation 90 minutes.
If it’s the hosts that you don’t fancy, then the final X2 option is the one for you. A Double Chance bet here covers an away victory or a draw. Either result is fine, provided that the home team do not emerge with the win. This wager can work well if a side is struggling for form at their own ground and fans are turning restless on them.
We’ve got what does Double Chance mean in betting terms down now, but what about how it works in practice? The first you need to know is that both options your wager covers pays out the same, whichever final outcome happens. You don’t get anything extra for a home win after betting on 1X. Returns from settled bets are just the same as if it were a draw, as both scenarios get settled as winners.
What you need to see is a real Double Chance bet example that we’ll work through. If the football match that interests you most was Chelsea playing Liverpool at Stamford Bridge, then bookmakers have a market like this:
Chelsea / Liverpool – 1/3
Draw / Liverpool – 4/9
Chelsea / Draw – 3/5
The most likely outcome from this Double Chance betting is either team to win. A home win or draw is the least likely. If you bet on Chelsea / Draw and the match ends level, just like the last six meetings across all competitions in 90 minutes have (as of the end of the 2022-23 season), then you’ve backed a winner. For every £5 staked at those odds of 3/5, you win £3.
After seeing a real-life scenario based on legit Premier League betting, you’ve now got a solid understanding of what is Double Chance in betting circles. The next step for punters learning about this wager is to ponder the positives and downsides attached to it. The Double Chance bet has some benefits buts also some disadvantages. Consider these aspects carefully before you take a punt:
The concept of what does Double Chance mean in betting should be well-established in your mind now. There is the matter of how to approach it. Weighing up the pros and cons discussed above, our experts have some strategic advice you’d do well to follow when wagering.
Strategy is one thing, but there’s even more advice and helpful hints from our experts on using Double Chance to your advantage. There are pitfalls too, of course, but we’ll do our best to steer you round them. By following the tips below, you should make more informed choices and betting decisions when betting more often. Take heed of all this:
Any of the betting sites you know and love from your football wagers include Double Chance as an option. In terms of which are the best, well that kind of depends on the prices offered in the market and matches you’re looking at. Remember, with the Double Chance bet, all three outcomes are likely to be odds-on.
It can be if you make the right decisions. The thing about these markets are that the majority of bets you can place in them are going to be odds-on. In other words, you cannot even double your money with a typical Double Chance bet. It’s fair to say that there are other more profitable wagers available to you as a punter out there.
You just need to pick the right outcomes from the market. It’s a simple as that. Double Chance betting gives you the chance to win if two of three potential results happens. It’s one of the easier wagers to win on football.
Yes, it’s up there among your safest options. This is because of the nature of the Double Chance bet. You wager on either of two full-time results from the three possible. The odds are certainly in your favour.
First of all, you need an online betting account to gamble. Choose from one of the recommended bookmakers we suggest and sign up. If you already have an account, then just log in. You now need funds to wager with, so make a deposit if necessary. After that, head on over to the football match(es) you want to bet on and find the Double Chance market. Choose the outcome you fancy and add it to the betslip. Now enter your stake and confirm the wager.
Yes, it can be, especially if you aren’t totally sure about the result of a game. You cover more bases with a Double Chance bet with the trade-off being shorter odds than the regular 1X2 market.
With handicap betting, you wager on a team winning or avoiding defeat by a certain goal-margin. That’s completely different to a Double Chance bet where the gamble is on either two of three outcomes to a game.
If you win, then of course. Many punters don’t feel this particular market offers value, however, and there’s some truth to that because of the prices on offer.