Double Chance bet in football meaning – What is a double chance bet?12th August 2017 / lee
The double chance bet in football betting is a funny old beast. What does double chance mean in betting? Well, as the name suggests it can offer you an extra chance of getting a win on the board and it does this by doubling up on the outright options in a game from one to two.
However, it is a wager that rarely offers up a great deal of value and is really only good for when you fancy an underdog to have their day.
How does a double chance bet work?
The double chance combines two outcomes into one bet such as this:
Option 1: Team A Win – Draw
Option 2: Team A Win – Team B Win
Option 3: Team B Win – Draw
So this is a straight forward wager and Option 1 above, for example, you are going to be backing Team A to win or a draw to happen in the match. So you get that extra option but it generally comes at a pretty stiff price, especially if you have lumped in the match outright favourite into a double chance.
Think of it this way, say Arsenal are an outright price of 8/15 to win a game with William Hill, there is no point in backing an Arsenal – Draw Double Chance, because the Gunners are expected to be so strong that they aren’t likely to lose so backing them as well in the second option to not lose the game, cuts your odds drastically.
You would be looking at a price of around 1/10 odds on an Arsenal – Draw Double Chance from that starting price of them in the match outright. You would be better just looking at them to hold out for the win. So unless you are looking at a really evenly match game, then you are unlikely ever to find decent odds on a good side in a Double Chance going into a game. Similarly, the second option, which is essentially either side winning the game, is a risk that bookmakers aren’t going to take.
Draws don’t happen enough in matches for there ever to be any value in the second option in a double chance bet, it may as well not exist really because you are backing one of the two most likely outcomes in a game to happen. So throw that Double Result option out of the window, which then leaves backing the underdog in a match to win or draw. This is really the only area where you are going to find any real value in a Double Chance bet. If a side isn’t expected to win, you can basically back them to avoid defeat by selecting them or a draw in a double chance bet.
So going back to the example of Arsenal v Leicester match at William Hill. The Foxes are going as 5/1 underdogs in the match outright because they aren’t great out on the road at the moment. But they earned a draw against Arsenal last season in this corresponding fixture and they could dig in and catch the Gunners cold. A Leicester – Draw double chance at 7/4 would then be a little more appealing for the price and the coverage that it would give you. Obviously, with the Gunners looking so strong and likely to win it, you are still expecting one of the two most unlikely outcomes to happen.
Basically, in betting on a match outright with one selection you have a 33.3% of making the right call. With the double chance, it does exactly what it says on the tin and you increase your chances of winning up to 66.6% from just the one wager. As with any type of bet, the more chance that you have of winning it, the less favourable the odds are going to be.
Use a bet calculator to figure out how much exactly you would potentially be getting for your stake, or how much you would need to stake in the first place to be happy with the potential return.
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