What is a Double Chance Betting in Soccer?
A double chance is a form of bet that allows customers to be given the chance to achieve two possible outcomes toward a single bet. In the Double Chance bet, customers take two of three probable outcomes in a match for a win or draw for either team.
In general, double chance bets carry less risk when compared with other bet types-for example, a single outcome bet-but the odds, and consequently the payout, are lower for them. In the sports betting strategy sense, double chances can be great in hedging situations.
Common Double Chance Betting options include:
Unlike Moneyline Bet which has 2 main types, Double Chance Betting has 3 main types as follows:
- Home Team Win or Draw (1X): The home team wins or draws. Whatever the outcome at the end of the match, the bet wins.
- Away Team Win or Draw (X2): The best option is whenever one is betting on an away team to pull a surprise, taking into consideration this option wins based on the fact that the away team wins or draws.
- Home or Away win (12): This is when the draw outcome is excluded – this is ok when there is no possibility of a tie.
Key Advantages of Double Chance Betting in Soccer
- Increased Win Probability: Since you are betting on two outcomes, the chances of losing are less than in standard match result bets. This makes the Double Chance ideal for those matches that are too hard to predict or when you’d like to back an underdog.
- Great for Underdog Bets: In the case of an underdog, the Double Chance is useful for winning or drawing with a view of maximizing returns on bets but at minimal risks.
- Strategy Flexibility: Double Chance is a great addition to any punter who wants to hedge their bets, especially in multi-leg accumulators, and aids them in balancing risks in selections.
When to Utilize Double Chance Betting in Soccer
Double Chance works especially well when:
- Unpredictable Matches-Double Chance applies to those instances when selecting an outright winner is seen as fairly difficult; that reduces your risk profile.
- Defensive Teams: When a team is known for tight defense but does not have many scoring chances, double chance can cover the draw outcome.
- High-Stake Matches: Tournament or league deciders can get really tight, and that also makes the results more unpredictable. Double Chance provides a safety net in such cases.
Possible Cons of Double Chance Betting in Soccer
While this option boasts considerable advantages, there is a need to note that:
- Lower odds: Since Double Chance bets are wagers that have two possibilities covered, the odds usually turn out smaller than a single outcome wager. These low odds lift the increased security.
- A narrow appeal in straight-forward matches: When there is a clear favorite to win a game, the Double Chance bet will likely not offer that much value due to the odds.
Double Chance Betting in Soccer Example
An English Premier League match is on tap between Arsenal and Tottenham. The traditional soccer six-pack is below:
| Arsenal | Draw | Tottenham |
| +130 | +190 | +235 |
The double chance betting market for this match would look like this:
| Arsenal Or Draw | Arsenal Or Tottenham | Tottenham Or Draw |
| -345 | -255 | -170 |
With Arsenal as the favorite, combining a draw with their win prospects significantly boosts the odds, eliminating the risk of losing the bet if the game ends in a tie. On the other hand, if a bettor believes Tottenham will remain competitive throughout and might pull off an upset, taking Tottenham at -170 odds could be a more appealing choice, providing some protection against getting burned by a potential late goal by Arsenal.
Using Double Chance Bets As A Hedge
This is an outstanding strategy to utilize the double chance market when a leg of a soccer parlay comes in as a large favorite. Since the draw is an option, hedging on the weaker side to win is not sufficient since a draw can wipe out the entire parlay ticket.
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Final thoughts
With Double Chance Betting in Soccer, it is an alternative bet with relatively lower risk for the bettor. This facilitates bettors to fall into hedging against risks while pursuing other options as part of their soccer betting journey since two outcomes in a single match are hedged. It may be utilized to support an underdog, provide extra insurance on a volatile match, or in any other situation that may fine-tune their betting process in soccer.
