This double chance meaning guide will provide everything you need to know to be successful in the double chance betting market. After reading, you will find another betting option that can give you the best value for bets.
What is the Double Chance Meaning in Betting?
Although the 1×2 betting market is the most common market in betting, bookmakers also provide other competitive betting markets.
One of them is the double chance betting market. You will bet on two of the three possible outcomes in a game.
So instead of betting on only a win, draw, or loss for a team, you will wager on a team to win or draw a game or either of the two teams to win the game.
The betting market generally minimises the possibility of losing. However, it does reduce your payout because the odds are generally lesser than the odds for wagering on a win, loss, or draw.
In addition, the betting market is very common in football, rugby, handball, and any other sport where playing a draw is a possible outcome.
This betting market is usually excellent when the team you want to wager on might not be the favourite to win the game. Or, you are not sure the favourite can win outrightly.
Also, the betting market is good when two strong teams face each other, and you are not sure which side will come out as the winner. So instead of wagering on a draw, you can wager on the double chance market.
Double Chance Bet Examples
To show you the double chance bet examples, you will find out the betting glossary associated with the double chance betting market in this section.
The Double Chance betting market is divided into three parts – 1X, X2, and 12.
1X (Home Win or Draw)
When you bet on 1X, you are betting on the home side to win the game, or the game should end in a draw.
To win this bet, the home side must win the game, or the game must end in a draw. If the away side wins the game, you will lose the bet.
For instance, you wager on 1X in the Zambian Super League game between Green Buffaloes and Nchanga Rangers.
The home side, Green Buffaloes, must win, or the game must end in a draw to get a return. If the away side, Nchanga Rangers, wins, your wager will end up a loss.
X2 (Draw or Away Win)
You will wager on X2 if you believe the away side will likely have the edge over the home side.
In this type of double chance bet, the game must either end in a draw, or the away side should win. If the home side triumphs, you will lose your bet.
For example, if you wager on X2 in the game between Power Dynamos and Green Eagles, you will get a return if the away side, Green Eagles, win the game or it ends in a draw. You will lose your wager if the home side, Power Dynamos, wins the match.
12 (Home or Away Win)
Wagering on 12 (home or away win) means eliminating the possibility of the game ending in a draw.
Here, the home side or away side must win the game for your bet to be successful. As a result, you will lose the bet if the game ends in a draw.
For instance, wagering on 12 (home or away win) in the Zambian Super League game between Chambishi and MUZA will mean either of the two sides must win for you to get a return. Once the game ends in a draw, you will lose your wager.
Double Chance and Over 1.5 Meaning
Some bettors usually confuse different betting markets, as in the case of the Double Chance meaning and Over 1.5 predictions. However, they are different, as you will see in this section.
Whilst the Double Chance allows bettors to wager on two possibilities from the 1X2 market, the over 1.5 goals meaning allows bettors to wager on the total number of goals in a game.
In the Double Chance betting market, you will predict whether a game will end in a home win or draw (1X), a draw or away win (X2), or a home win or away win (12). This type of bet has nothing to do with the number of goals, as the Over 1.5 goals do.
The over 1.5 goals betting market is a type of Over/Under betting market where you will predict that the number of goals in a game will be two or more.
To win this bet, the goals scored in the game must not be 1 or below. As a result, you must wager on this type of bet when teams that score a high number of goals or are porous in the defence are playing.
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Double Chance Betting Review
There are advantages and disadvantages attached to every betting market. This also applies to the Double Chance betting market, where you may need to consider the pros and cons before placing your bets.
Here are the advantages of the Double Chance predictions.
- Higher Chances of Returns: The Double Chance betting market allows you to get an increased chance of getting returns on your bets. Unlike betting on the 1X2 market, where you are limited to choosing one outcome, you can choose two outcomes in this bet.
- Reduced Risk of Losing: It also helps bettors to minimize the risk of losing their bets. Since you will wager on two possible outcomes instead of one, your wager only needs to avoid one possibility to win. As a result, your team does not have to win to get returns.
- Helps to Wager on Two Equal Teams: When two teams of equal strength play against each other and you don’t know which to back, the Double Chance betting market will give you the edge to win.
- Favours the Underdog: If you want to back the underdog, the Double Chance betting market might be the best bet to wager. For instance, if you believe the underdog can take something away from the game, you can wager on a win or draw on the favourites. This will, in turn, give you a return if the underdog gets a draw.
Here are the disadvantages of the Double Chance betting market.
- Reduced Payout: The main disadvantage of this betting market is the reduced payouts. Since you are wagering on two possibilities, the odds are reduced, reducing your potential payouts.
Double Chance Meaning FAQ
To wrap up the guide, you can check out the frequently asked questions about Double Chance meaning below.
Placing the double chance football betting allows you to wager on two of the three possible outcomes of the 1X2 betting market. This betting market allows you to wager on one of the teams to win or draw the game or on either of the two sides to win the game. As a result, you will have betting types like 1X (home win or draw), X2 (draw or away win), or 12 (home or away win).
To use double chance on Betway, visit the betting platform and navigate to the sports section. Then select the sport that allows wagering on the double chance betting market and choose the competition of your choice. Then navigate to the betting market to choose “Double Chance” and display the available games. You may then place your wagers.
Bookmakers calculate double chance using the odds to win or draw from the 1X2 betting market. For instance, if you want to wager on 1X (Home win or draw), the calculation will be (Odds of Home Team * Odds of Draw) / (Odds of Home Team+ Odds of Draw).
Wagering on x2 double chance means betting on the game to end in a draw or a win for the away side.