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Betting Market – Double Chance Betting

Double Chance Betting Blog
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While bettors who operate mainly in other sports will disagree, there’s nothing quite like taking action on soccer games. The thrill of it and the potential for massive rewards are almost unbeatable. That said, there are times when wagering here can be tasking. For example, a fixture between a favorite and an underdog can prove slightly underwhelming, betting-wise. It is because most bookies’ odds of the favorites winning tend to be too low. On the other hand, the mouth-watering odds offered for the underdogs winning are tempered by how unlikely that is to happen. Double chance betting can provide bettors with a viable way out in these situations. Here’s what you need about the betting market.

Double Chance Betting Explained

Arguably, the oldest betting market in football is the win-lose-draw or 1X2. But as we mentioned earlier, there are instances where 1X2 just doesn’t cut it. It can be especially true if you’re more partial to wagering on the underdog. A double chance bet helps you out of this dilemma by letting you choose two outcomes instead of just one! It is like hedging your chance, as it allows you to wager on your most desirable work and back that decision up with another pick.

Wagering Options In Double Chance Betting

In double chance betting, you have just three options. These are:

Home Win And Draw

You’re wagering on the home team to win or tie the fixture in double chance betting.

Away Win And Draw

In this case, you’re betting on the away team beating the home team or ending the game in a draw, at worst.

Home Win And Away Win

In this instance, you’re betting that either the home or away team wins the game. As this is the safest bet, the odds offered for this action by most sportsbooks are usually very low.

What To Remember When Taking Double Chance Bets

Ultimately, when using this betting market, there are six essential things you should always keep in mind. These are:

  • This betting market exclusively applies to the win-lose-draw betting option.
  • You can wager on two outcomes instead of just the one offered in 1X2 betting here.
  • Double chance bets have a 67% chance of coming through.
  • This is a great space to operate in, even if you’re not very experienced in football betting yet.
  • It typically carries less risk than betting on the traditional win-lose-draw option.

This betting market allows you to pick a backup outcome after you’ve wagered on the product with the most significant odds.

Statistics To Use For Double Chance Betting

Statistics Descriptions
Win-loss record Looking at a team or player’s win-loss record can give you an idea of their overall performance and can be a helpful statistic to consider when placing a double chance bet.
Head-to-head record Analyzing the head-to-head record between two teams or players can give you an idea of how they match up against each other and can be useful when placing a double chance bet.
Home/away record Considering a team or player’s home/away record can be helpful when placing a double chance bet. Some teams or players may perform better at home, while others may perform better away.
Goal scoring record Examining a team or player’s goal scoring record, such as their average number of goals per match, can give you an idea of their offensive performance and can be a helpful statistic to consider when placing a double chance bet.
Defensive record Checking a team or player’s defensive record, such as their average number of goals conceded per match, can give you an idea of their defensive performance and can be useful when placing a double chance bet.
Betting market odds Examining the odds offered by the betting market can give you an idea of the perceived likelihood of each outcome. This can be a helpful statistic to consider when placing a double chance bet, as you can use the odds to inform your decision-making.

Bottom Line

Double chance betting is excellent because it lets you use your stake more prudently and offers decent rewards. As such, it’s the perfect market for new bettors and punters who like to play it safe.

 

Each Way Bet

Accumulator Bet

Goalscorer Bet

Handicap Betting

Spread Betting

Inplay Betting

Lay Betting

Double Chance Bet

Draw No Bet

Mix Parlay Bet

 

 

 

Frequently Asked Questions About Double Chance Betting Market

Double chance betting is a type of betting where you place a single bet on two out of three possible outcomes in a soccer match, increasing your chances of winning.
The double chance betting market works by offering odds on two out of the three possible outcomes in a soccer match. You can choose to bet on the home team to win or draw, the away team to win or draw, or either team to win. If either of the two selected outcomes occur, your bet is considered a winner.
The advantages of double chance betting include the increased likelihood of winning, as you are betting on two possible outcomes instead of just one, and the opportunity to reduce risk in your betting strategy.
The risks of double chance betting include the potential for lower odds and lower payouts, as you are spreading your bet across two possible outcomes instead of betting on a single outcome.
Some tips for successful double chance betting include researching the teams and players involved, considering the odds and payouts offered by the betting market, and setting a budget and sticking to it.
To get started with double chance betting, you can choose a reputable betting market that offers the option to place a double chance bet, create an account, and make a deposit. You can then select the match you want to bet on and choose your two preferred outcomes to place your bet. It is important to start with small stakes and gradually increase your bets as you gain experience and confidence.