Even though it has been around for a long time, double chance betting is still fairly new, compared to other betting methods. This match betting type of bet is used in most sports, with exceptions coming from the individual sports.
What is Double Chance Betting?
Double chance betting is a way for you to cover two out of three possible outcomes in a certain match.
- 1X – Home Team Win or Draw – You have a winning bet if the home team wins or draws the match.
- X2 – Away Team Win or Draw – You have a winning bet if the away team wins or draws the match.
- 12 – Home Team Win or Away Team Win – In this case, your bet is a winner if either team wins the match.
Advantages and Disadvantages of Double Chance Bets
The advantages for double chance bets are quite obvious. You are not sure whether a certain team will win but you think there is no way they will lose. With this type of bet, you will cover two out of the three outcomes which brings you a step closer to a winning bet.
On the other hand, because of the increased certainty, the odds are much lower. For example, lets say you were backing Tottenham to win a tough away match at 2.05 odds. The X2 odds for that same match would be no more than 1.30.
Types of Bets & Markets
The double chance bet is mostly used for European team sports, especially football and basketball. US sports tend to go to overtime until a winner is decided, which means a draw is impossible, thus making this bet type obsolete.
However, there is only one place where you won’t find these bets for sure and that’s with individual sports betting. In those sports a winner is always decided during regular time and this type of bet is not needed. Even though some of the combat sports might end in a tie sometimes, those occurrences are extremely rare.
Since football is the most popular sport when it comes to this sort of betting, bookmakers created even more markets. For instance, you can now place a double chance bet for each half, not just on the full match.
Placing a Double Chance Bet
Lets say you are rooting for Chelsea and you think they will win in an away match against Everton. However, you are not completely sure, so you decide on an X2 bet.
On the other hand, imagine that you are an Everton supporter and you believe they will beat Chelsea with the help of the home crowd. Nevertheless, a draw is certainly possible, so you go with a double chance 1X bet.
Check our Double Chance markets and much more on our Bitcoin Sportsbook.