The Meaning of Double Chance in Betting by Tim Harrison for Inter Press Service
Double chance betting is a market that enables US players to wager on two different results of the same game or event. Most online bookmakers offer this option as part of their football market selections.
For bettors, double chance predictions are one of the safest wagers in football because you still profit if a team wins or ties.
Tim Harrison, a betting expert at BetZillion, was interviewed by Inter Press Service to outline the double chance market’s components and the advantages it offers bettors.
What Does the Double Chance Market Entail?
Double chance is a popular betting option among American bettors and punters worldwide, and there’s hardly a top betting site where you won’t find this option.
In games involving two open teams, the double chance betting option can be an excellent method to win. Say, for instance, betting on a match between two teams that scores regularly and concedes goals but hardly plays a draw. A double chance wager on the home and away team would be appropriate in this situation.
The betting market also covers the draw option because you can still win your double chance bet on a particular selection if your team fails or struggles to score while backing them to win.
Double chance offers two outcomes out of three for a sporting event. For instance, if LA Galaxy are favorites to beat Los Angeles FC in an MLS game, but the game ends in a 1-1 draw. A punter who wasn’t sure of the outcome and wanted to be on the safe side would choose to double chance on LA Galaxy.
However, your wager would record a loss assuming Los Angeles FC won the tie after you double-chanced LA Galaxy.
In addition, for most bookmakers, the double chance market does not include extra time. After the game’s completion in regular time, you will know the bet’s outcome.
The double chance market is represented by the Symbols 1X, X2 and 12. Double chance odds are usually smaller, and for bettors who understand betting, there’s a significant likelihood that your wager will win if the odds are smaller.
However, even while the double chance betting market is among the safest bets, it is crucial to understand that a 100% win is not a given. No available betting option does. Remember it while betting, using the top sports betting app for iPad, your mobile device or placing a wager on PC.
What Is the Meaning of Double Chance’s 1X, X2 and 12 Symbols?
Let’s briefly analyze the double chance markets and give an example to help us understand each.
Home Win or Draw (1X)
The first or home team will win or draw a game when a punter selects the 1X betting market.
For instance, if Philadelphia Union, the host team, has -100 odds of winning against Atlanta United in a Major League Soccer game and the away team, Atlanta United, is valued at +115 odds to win. The odds that the game will end in a draw could be placed at +100 odds.
In this case, the difference in odds between Philadelphia Union and Atlanta United indicates that Philadelphia is the favourite and Atlanta the underdog in this tie. However, anything may happen in football and result in the host team losing, so you can place a double chance wager on this game to be safe.
Philadelphia win or draw represents a 1X wager on betting websites which means that you win if Philadelphia triumphs or if it is a tie.
Away Win or Draw (X2)
The X2 double chance market indicates that a game will be won or drawn by the second or away team.
For instance, a betting website could give host CF Montreal a -200 odds to beat New York City FC at home while offering the away side New York City a +215 odds to win in an MLS game. The betting platform could give a +150 odds for the match to end in a draw.
If you predict that New York City will win the match or that the game will end in a draw (X2), you will receive your payout. So if New York City wins or draws the game, you will win the bet.
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Home or Away Winner (12)
The 12-double chance market indicates that a game is successful if either the home/first team or the away/second team wins. Here, a draw is not acceptable. Using a fixture between Houston Dynamo and Orlando City as an example. Houston could be favoured at -120 odds to win, Orlando at +195, and the bookmaker could put the odds for a draw at +115.
Any two sides could win as this is a tough fixture; therefore, you can choose to place a 12-double chance wager on it.
The game will be profitable regardless of whether Houston Dynamo or Orlando City win if you decide to settle for the 12-double chance wager. You will only lose the bet if there is a tie between the two teams.
From the explanations above, readers can grasp the whole idea of the double chance market.
Various Strategies for Winning a Double Chance Bet
Before you jump to place your bets on the double chance market, you need to know the strategies that can help you win. Here are some of them.
- Check Statistics and Data of Teams
Check out the results of both clubs’ most recent games, including head-to-head competition. Search for winning trends, such as the results of away and home games. You can use it to decide which of the two possibilities is more likely to occur. It can help you predict how the upcoming game will probably turn out.
- For the 12 Options, Choose High-scoring Teams
Wager on the 12 double chance option when two teams are likely to score more often and play each other. There is less chance that they will tie.
- Settle for the Win or Draw Option for Low Scorers
Consider a tie as a possible outcome for teams that score fewer goals. Most of these games conclude in a single goal or a draw.
Pros and Cons of Double Chance Betting Market
The double chance option has its advantages and a few disadvantages. Let’s briefly analyze its benefits and downsides to bettors.
| Advantages of Double Chance Market | Disadvantages of Double Chance Market |
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Conclusion
Double chance betting is a risk-reduction strategy that is ideal for wagering on underdogs or games when you are unsure whether your team will win, draw, or lose. It is ideal as long as the sport includes three potential outcomes. Also, it is vital to note that double chance wagers have lesser odds than win-only or draw-only betting options, but if you pick your matches wisely, you’ll secure winnings and raise your game.