Sports betting is a thrilling pastime that has been enjoyed for centuries. However, it can be a complex world for new bettors to navigate with several betting pros and cons.
As a betting enthusiast, you’re always on the lookout for ways to increase your chances of winning. One betting strategy that has gained popularity in recent years is the “double chance” market. This is a type of bet that allows you to cover two possible outcomes of a match in a single wager.
In this post, we’ll explore the ins and outs of double chance betting, including how it works, when to use it, and some tips for maximizing your profits. Whether you’re a seasoned bettor or just starting out, understanding double chance betting can help you make smarter, more informed wagers. So let’s dive in!
What Does Double Chances Mean in Football Betting?
In football betting, “double chance” is a market that allows you to bet on two of the three possible outcomes of a football match in a single bet. The three possible outcomes are a home team win, a draw, or an away team win. When you place a double chance bet, you can select two of these three options, and if either of those outcomes occur, your bet is a winner.
For example, if you bet on “home team win or draw” in a double chance bet, you will win if the home team wins or if the match ends in a draw.
Double chance betting is a popular option for those who want to increase their chances of winning by covering more than one possible outcome in a single bet. However, the odds for double chance bets are usually lower than for single outcome bets, reflecting the lower risk involved.
Types of Double Chances Betting
There are three types of double chance bets that you can place in football betting. They are:
- Home Team Win or Draw – In this type of bet, you are betting on the home team to either win or the match to end in a draw. You will win the bet if either of these two outcomes occur.
- Away Team Win or Draw – In this type of bet, you are betting on the away team to either win or the match to end in a draw. You will win the bet if either of these two outcomes occur.
- Home Team or Away Team Win – In this type of bet, you are betting on either the home team or the away team to win the match. You will win the bet if either of these two outcomes occur.
When to Use The Double Chances Strategy
The double chances strategy in football betting can be used in several scenarios, depending on your goals and risk appetite. Here are some situations where the double chance strategy can be useful:
Risk Reduction
If you want to minimize your risk, the double chance strategy can be a good option. By covering two of the three possible outcomes in a single bet, you can reduce the likelihood of losing your entire stake.
Low-odds Bets
If you want to place a bet on a low-odds favorite, a double chance bet can offer a more attractive payout than a standard win bet. For example, if a team is heavily favored to win, a double chance bet on “home team win or draw” may offer better odds than a straight win bet on the same team.
Competitive Matches
Double chances bets can be useful in closely contested matches, where the outcome is uncertain. By covering two of the three possible outcomes, you can increase your chances of winning while minimizing your risk.
Accumulator Bets
Double chance bets can be included in accumulator bets as a way to increase your chances of winning. By including multiple double chance bets in an accumulator, you can increase your potential payout while still minimizing your risk.
Overall, the double chance strategy can be a useful tool for bettors who want to increase their chances of winning while minimizing their risk. It is important to remember, however, that no strategy is foolproof, and careful analysis of the match and the teams involved is always necessary before placing a bet.
How Does a Double Bet Work in Football?
In football betting, a “double bet” is not the same as a “double chance” bet. A double bet is a type of multiple bet, where you place a single bet on the outcome of two different matches. To win a double bet, both of the outcomes you have selected must be correct. If either one of the outcomes is incorrect, the bet is lost.
Here is an example of how a double bet works in football:
Let’s say you want to place a double bet on two different football matches. In the first match, you bet on the home team to win. In the second match, you bet on the away team to win. To win your double bet, both of these outcomes must be correct. If the home team wins their match, but the away team loses, your bet is lost. Similarly, if the away team wins their match, but the home team loses, your bet is also lost.
Double bets can offer higher potential payouts than single bets, but they are also riskier, as both outcomes must be correct for the bet to win. It is important to carefully consider the likelihood of each outcome before placing a double bet, and to do your research on the teams involved in each match.
How is Double Chance Calculated in Soccer?
The calculation for double chance in soccer betting depends on the odds offered by the bookmaker. The odds for each possible outcome (home team win, draw, and away team win) are assigned by the bookmaker based on their analysis of the match and the teams involved.
To calculate the double chance odds for a particular bet, you need to combine the odds for the two possible outcomes you have selected. Here is an example:
Let’s say you want to place a double chance bet on a soccer match, selecting “home team win or draw.” The bookmaker offers the following odds for each possible outcome:
Home team win: 2.00
Draw: 3.00
Away team win: 4.00
To calculate the double chance odds for “home team win or draw,” you need to combine the odds for the two possible outcomes:
Home team win: 2.00
Draw: 3.00
To calculate the double chance odds, you need to calculate the reciprocal of the sum of the reciprocals of these two odds. This can be expressed as:
1/((1/2.00) + (1/3.00)) = 1.20
So the double chance odds for “home team win or draw” are 1.20. This means that if you place a bet of $100 on this outcome and it wins, you will receive a payout of $120 (including your original stake).
Note that the calculation for double chance odds can vary depending on the bookmaker, as they may use slightly different formulas to calculate their odds.
Wrapping Up
In light of everything that has been shared in this guide, the double chance strategy is a popular and effective betting approach for those looking to increase their chances of winning. By betting on two of the three possible outcomes in a match, you can reduce the risk of losing while still enjoying relatively favorable odds. However, it is important to keep in mind that no betting strategy is foolproof, and it is essential to do your research and follow the teams and players involved in each match.
When it comes to finding the best betting company to use for your double chance strategy, it is important to look for a company that offers competitive odds, a user-friendly platform, and a wide variety of betting options.
The best company that offers all these is ZEbet. It is undoubtedly one of the top betting companies in the market. We have built strong reputations for our reliability, security, and quality of service. Ultimately, we’re proud to say we meet all necessary requirements for you to have a great betting experience.
Overall, the double chance strategy can be an effective way to increase your chances of winning in sports betting, we at ZEbet can help you get the most out of your bets. We recommend reading through our article Easy Bets To Win Money to master betting.
