Double Chance Betting Explained
Understand what Double Chance Betting is and how it can be leveraged in sports betting to make more money.
Posted By
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Table of Contents
- 1. Understanding Double Chance Betting
- 2. How to Calculate Double Chance Bets
- 3. Advantages of Double Chance Betting
- 4. Limitations of Double Chance Betting
- 5. Double Chance vs. Handicap Betting: Key Differences
- 6. Insights from Betting Experts
Introduction
Double Chance betting is a favorite among bettors looking to mitigate risks. Ideal for matches where teams have close odds, it offers a strategic approach to betting, especially for those new to the scene or seasoned professionals seeking a safer bet.
1. Understanding Double Chance Betting
Double Chance betting allows you to cover two of the three possible outcomes in a sports event, enhancing your chances of winning. This type of bet is particularly useful in evenly matched contests, providing a safeguard against tied results or unexpected losses. The three possible Double Chance bets are:
- 1X: Home team wins or draw
- X2: Away team wins or draw
- 12: Either team wins (no draw)
2. How to Calculate Double Chance Bets
Calculating Double Chance bets is straightforward, akin to single bets. An example from the 2020/2021 UEFA Champions League semi-final between PSG and Manchester City illustrates this with a base bet of $100:
- 1X bet: If PSG wins or draws, the return is $177.5, equating to a $77.5 profit.
- X2 bet: A win or draw for Manchester City yields $136, with a $36 profit.
- 12 bet: A win by either team results in a $130.8 return, making a $30.8 profit.
3. Advantages of Double Chance Betting
The allure of Double Chance betting lies in its reduced risk and increased win probability. Betting on two outcomes significantly lowers the stakes, offering a 66% chance of winning, as opposed to the standard 33% with single outcomes.
4. Limitations of Double Chance Betting
Despite its appeal, Double Chance betting does come with drawbacks, such as lower odds, requiring more analytical effort, and the rarity of highly probable bets in sportsbooks.
5. Double Chance vs. Handicap Betting: Key Differences
While similar in covering two out of three outcomes, Double Chance and Handicap betting differ in odds and potential returns. Handicap betting, particularly the zero handicap, often provides better odds and higher potential profit, but with an increased risk compared to Double Chance.
6. Insights from Betting Experts
Experts highlight Double Chance betting as a low-risk option with high chances of profit, especially in football where draws are common. However, for guaranteed returns, exploring surebets through a reliable service like ArbiChat is advisable, saving time and ensuring profit.