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% 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 to win is twice as high.
That’s the reason why such outcomes are quite often included in multibets, as the bettor gets an opportunity to combine several single bets to get favourable 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.
You may see the screenshot of the line of the famous Parimatch bookmaker for the EPL, Watford vs Cardiff. We’re interested in 1X, 12 and X2.
When we bet $100 for 1X, we get $114 ($100 + $14 net profit) if Watford wins or tie.
When we bet $100 for X2, we get $239 (100+139). However, now Cardiff should win or tie so we could get our profit. If Watford win, we lose.
When we bet 12, Watford vs Cardiff should end with the win of the home or away team.
As we may see, Double Chance has considerable advantage as the bettor gets a great opportunity to profit. However, bookies perfectly know that so understate such outcomes. Anyway, you can always improve the odds including this bet into a multibet.
By the way, most bookmakers offer composite double chance bet + TO\TU (for instance 1X + ТO 2.5). Here you wager on the hosts or tie + over 3 goals scored.
Bet selection is not limited to double chance In any way, so you always have a possibility to wager the best bets you like.
More details on other bets you can find in the relevant section of our website.