What is Double Chance Betting? - Soccer Betting Strategies & Tips
Online sportsbooks are always looking to engage with players, and one of the ways they do this is with the markets and the types of bets they advertise.
Double chance betting puts things in the hands of the bettor, as more outcomes are covered, but how does it work in reality? In this guide, we will examine double chance betting, how it can influence your betting decisions and betting strategy. Let’s dive straight in!
What is a Double Chance Bet in Soccer?
If you want to know how to bet on soccer, the double chance market will prove to be useful. Essentially, you are hedging on 2 of the 3 possible outcomes available.
In this section, we have described what the main ones entail and the potential outcomes:
Double Chance Wager - 1x
The first of the outcomes will see you wager on whether the home team will win or the draw option. At our online sports betting site, this is fast becoming a popular betting line.
Double Chance - 2x
For a soccer match, you will be betting here on Team B or the away team to either win or the draw option will be brought into play.
Double Chance - 3x
With this outcome, the double chance bet type here will see you back the home team and away team to win.
Overview & Double Chance Bet Example
To contextualise the art of double chance for sports betting, it’s best to use a soccer match as an example.
As mentioned, the double chance line provides more flexibility for bettors as they can wager on more outcomes, but we have described later on in the guide the benefits and drawbacks associated with this bet type.
How to Calculate a Double Chance Bet?
As our example, let’s use a Champions League Football semi-final between Manchester United and Manchester City. Remember, double chance odds will apply to what happens during the 90 minutes and this bet type won’t take into account extra time. When betting on a home win, the stake will be the Home x Total or the draw plus win.
If you put $10 on Manchester City to win & draw with odds of -250, then you will only win $4 and your original stake ($14 in total) as City will be deemed heavy favourites.
However, if you bet on United to lift the trophy or draw with odds assigned of +300 or 3/1 if you prefer fractional, and using the same stake of $10, then you would get a return of $30 (3x10) as well as the original stake so a total return of $40.
Which Other Sports Allow Double Chance Bets?
When it comes to sports betting, including eSports, the moneyline is often a go-to option. However, aside from soccer betting, some of the most popular sports out there also accept double chance betting. Well, it’s fair to say this type of bet is more conducive for team sports.
We have given a quick overview of some of the other sporting disciplines where the double chance option is applicable.
American Football Betting
With American football betting, a double chance bet will be offered at both half-time and full-time. This is great for a regular season or postseason football match, such as the NFL’s Super Bowl, and the double chance betting market is a great way for novices to get involved.
Basketball Betting
Basketball, as we know, can be quite topsy-turvy and there is always plenty of goalmouth action across all 4 quarters. However, with double chance betting, this shouldn’t be confused with handicaps, such as Asian totals or even the Over/Under betting line.
In the NBA, for example, things can change in the blink of an eye, but double chance allows you to hedge your wagers. Remember, this betting type only applies to the action during regular time and not overtime.
Tennis Betting
Rather than framing this as a team sport, tennis betting works quite well as you can still adhere to the possible outcomes with individuals. In men’s tennis, for example, Grand Slams are contested as best-of-five sets, and this can be exciting when enjoying live betting.
Pros & Cons of Double Chance Betting
Double chance in betting can be a great market to tuck into. In this section, we have addressed the pros and cons associated with this bet type:
Pros of Double Chance Betting:
Higher chance of a successful return - With more outcomes covered (2 instead of 1), there is a higher chance of winning and retrieving your original stake.
Flexibility for beginners - While some progressive betting systems like unit betting, are more complex, the chance to hedge on more outcomes will appeal to less experienced bettors.
Less risk -
Cons of Double Chance Betting
Not available for all matches - While Stake offers double chance for sports betting, be aware that it might only be available for selected games, so check this out to ensure you aren’t left disappointed.
Double Chance Betting Strategy & Tips
To master double chance betting, you need to have a clear understanding of how to read sports betting odds, and within that, determine what the vig is.
Anyway, to get the most from this line, we have outlined some tips so you can execute your desired double chance betting strategy.
Look for value - Double chance will generally offer lower odds when it comes to outright betting for certain matches, but don’t jump on the first line you see. Those who are savvy bettors will make informed decisions before plumping on a market.
Compare odds - Similar to the first point, do some digging and research the odds and compare the prices before diving into the action. For example, when it comes to live betting vs pre-match betting, some might find more enjoyment from the former.
Double Chance Betting Odds & Payouts
Stake is well versed in covering double chance betting, and generally across any soccer game, they won’t be found wanting. You can find prices plugged for major leagues across Europe and the odds are competitive.
You will find odds advertised in American, decimal, and fractional formats, but if you experience any issues, then you can reach out to customer support for further advice.
Sports Promotions, VIP Club & Responsible Betting
Promotions are always gratefully received by bettors at sportsbooks. They come in all forms and guises, including monthly bonuses, which may entail cashback offers or something else equally lucrative. The best sportsbook promotions should be easy to locate in Stake’s lobby.
The high rollers, meanwhile, will want to take advantage of the exclusive VIP club which will roll out the red carpet and serve up some bespoke rewards and benefits as you level up. Our blog will highlight the member-only benefits associated with joining, and you can find out more on our VIP FAQs blog.
