Double Chance in Betting

What is Double Chance in Betting

Double Chance may be a relatively new term in the betting market, but it’s known by punters from all over the world. It refers to various sports betting markets that are offered by online bookmakers as well as land-based betting shops.

Generally, you will find this bet in soccer events and occasionally on NHL matches. This guide covers everything you need to know about Double Chance in betting

, including the betting strategy and the best bookmaker where you can place this bet.

As earlier mentioned, in Double Chance betting, the bookmakers cut the three betting selections from three to two. This allows punters to place a single stake for two outcomes combined. The selections for the Double Chance betting are as follows:

  • Home Team wins and Draw: In this case, you’re betting on the home team to win or draw the bet at full time.
  • Away Team win and Draw: In this case, you’re betting on the away team to win or draw the match at full time.
  • Home team win and Away team win: In this case, you’re betting on either the home team or away team to win the match at full time.

One of the reasons why Double Chance betting is fast becoming popular among punters is because you get a return on both outcomes in a match. Compared to other conventional markets like Draw no Bet, this market is flexible and easy to use.

Double Chance betting is best recommended when you are wagering on the underdogs. It can be exciting, especially when the underrated team wins the match.

However, it’s essential to understand that not every football match is good for double chance betting. That’s why it’s recommended to do enough research before you start applying this market in your betting.

Another vital thing to note about this market is how to calculate the double chance odds of winning a bet. The formulae for calculating the odds are as follows:

  • Odd on the Home team and Draw (1X): (Odds of Home team x odds of Draw) / (Odds of the Home team + odds of Draw).
  • Odds on Away team and Draw (X2): (Odds of Away team + Odds of Draw) / (Odds of Away team plus odds of Draw).
  • Odds on the Home team and Away (12): (Odds of Home team x Odds of Away team) / (Odds of Home team + odds of Away team).

Additionally, it’s essential to understand that there are two types of double betting options:

Low-Risk Profiteering: In this option, you can bet on your favorite team or draw or place a bet on the home / away option. You stand a chance of winning as long as the strong team doesn’t lose. However, it’s essential to understand that this bet requires a lot of patience to benefit from it.

Underdog Hunting: With the volatile nature of football, it’s hard for a bettor to ignore underdogs in a match. Many times, we watch the outcome of a particular game and say that you were right. Things like weather, jet lag, new playing grounds, etc. are what contribute to the underdog team winning the match. Usually, the weak teams have higher odds and bigger payouts.

Double Chance Betting Strategy

One of the advantages of double-chance betting is that you can use a strategy to increase your chances of winning bigger payouts. The double chance strategy is quick to master both by beginners and veteran punters. The reason for this is that it comes with low risk and substantial possible wins. Some of the strategies you can apply in this market include:

Favorites: You can place a double chance bet if you have analyzed and seen that there is a strong or high possibility that the match will produce a draw apart from your desired team winning. Although this offers lower odds, it still guarantees that you’ll get all your winnings in case the favorite team is not defeated. This strategy makes double chance football betting an ideal way to bet if your soccer analysis doesn’t prioritize the underdog to win completely. Additionally, you can choose this if you have seen that for some reason, the draw is not a desirable outcome.

Underdog: This is another popular way to understudy, analyze, and place bets on the underdog teams. The double chance in this strategy is much higher, and in some cases, they exceed the available odds for the favorites. It allows you to choose the double chance market, especially if you are comfortable with the two outcomes since you are not entirely sure about the ability of the underdog team to win in an away tie.

M-Bet Double Chance

M-Bet is one of the leading online sports betting sites in Tanzania. This operator offers punters the chance to place bets on different football competitions like Bundesliga, Cyber Champions League, Cyber World Cup, and more. Other than providing multiple tournaments, M-Bet Tanzania also features different sports bets, with the Double Chance bet being the most popular. Like in other bookmakers, you are provided with two outcomes from 1X2:

  • 1X: a home win or draw
  • 12: either home or away win
  • X2: away team wins or teams draw

To place a double chance bet at M-Bet, simply follow these simple steps:

  • Step 1: Open the M-Bet homepage and click on ‘Sports Betting.’
  • Step 2: Scroll down and click on “Games’
  • Step 3: Select ‘Double Chance’ from the drop-down list.
  • Step 4: Choose the Double Chance bet by clicking on the ‘Odds.’
  • Step 5: A bet slip will be activated to show all your selected bets
  • Step 6: Click on ‘Place a Bet’ to complete the process.

Conclusion

While betting on Double Chance comes with smaller odds compared to the traditional match winner betting, it’s surely worth your time and money. It is a great betting market for both high roller and casual sports bettors. The wager is a low risk while you stand the chance of doubling your winnings. With the double chance strategies we have shared, you’ll be able to maximize your chances of winning at any time.

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