If you are familiar with the 3 Way bet or the 1 X 2 bet, you will most likely already have experienced the stress that often comes with having to decide between a win, a draw or a defeat. Depending on the sports betting provider, this three-way decision is also referred to as the Home, Draw or Away bet. Either way, getting it right all the time can be an enormous challenge as the team you though were a sure thing can completely fluff it on the day.
However, there is a rather clever way in which you can remedy some of the difficulties associated with the classic 3-way bet. Instead of having the option to only pick one of the three available options in the 1X2 bet, Double Chance Betting allows you to cover two of those three options at the same time.
If the Double Chance x2 bet sounds like the ideal way to alleviate the decision-making process for your next soccer match up, our easy guide to understanding the Double Chance bet should be your first port of call. Learn how you can apply the Double Chance betting option and, perhaps more importantly, when you should use it and when you should leave it out.
The Double Chance bet is designed to work with the standard 1 X 2 (3-way) bet where three possibilities are present. As the name of this bet implies, you are able to select two of the three available options for a ‘double chance’ at predicting the correct outcome.
The standard 3Way bet, found mainly in soccer markets, looks like this:
In regular 1 X 2 betting, you would only be able to select one of the three available options, which would only realistically give you a 33.3% chance of winning your bet. However, by selecting Double Chanceon your betting slip, you effectively increase your chances of winning to over 60%.
The Double Chance is considered a safer bet than the standard 3 Way bet, as shown by the relative win percentages. This is a great betting strategy if you are unsure of which team may take the match, or simply prefer to have two options in play. The Double Chance bet is also a great option if you are still new to online sport betting.
There are many advantages to taking the Double Chance bet. For one, it allows you to cover two options which you may suspect could well turn out to be the actual result of the match. This not only gives you some convenience in your sports betting, it also allows you to ‘hedge’ your bets in a way.
Another clear advantage of taking the Double Chance bet, is that it spreads your risk over two of three available options and, at the same time, increases your chances of winning considerably.
On the other hand, since the Double Chance is giving you a wider scope to bet on and cover more options, it also comes with slightly lower profits for a win. From this point of view, other betting options such as the system bet or accumulator may be worth considering. However, both of those options are also somewhat more complex than the Double Chance.
If you do your homework before going into a betting situation, you can really work the flexibility that sports betting is able to offer you. This is especially true with slightly more complex bets over the simple single or 2-way bet.
If you know your teams, which are performing well and which ones aren’t, you’ll have a better idea of when to use the Double Chance strategy. For example, if one of the team’s playing is clearly stronger than the other, you’re probably better off with just sticking with a standard 1 X 2 bet. However, if the teams are seemingly equally matched, going for the Double Chance becomes a more sensible strategy. By using the Double Chance, you can still put money on your favourite to win plusput money on a potential draw between the two, thereby effectively covering two of the most likely options at once.
If you are new to sports betting, or are looking for an easy betting option that is relatively safe, the Double Chance is a good place to look. This is a great betting option for those of you that prefer being able to put money on two out of three options instead of just one.