What is a Double Chance in Soccer Betting?

Double chance betting is a popular alternative angle when making selections on soccer matches. Unlike the moneyline, it enables bettors to cover two potential angles, enhancing their chances of picking up returns. 

It is a popular betting strategy for gamblers who are looking to reduce the risk when making selections. You can find out more about the double chance soccer bet and how it works here.

How Does Double Chance Betting Work? 

If you’re wondering what is a double chance bet in soccer, then we have you covered. Simply put, it is an option for betting which enables a bettor to cover two potential results.

This includes being able to combine Team A with a draw, as well as being able to pick Team B or the draw. Bettors can also exclude the draw altogether and instead opt for Team A or Team B in the double chance bet.

That would mean that returns would be awarded if there were any outcome aside from a tie. The three possible combinations when double chance betting are:

1. Home Win or Draw
2. Away Win or Draw
3. Home Win or Away Win

The ability to select two possible outcomes in a match greatly reduces the chances of a bettor making a losing selection. However, this is reflected in the odds that are available.

When Should You Use Double Chance Betting? 

A double chance soccer bet can be a very useful tool when making selections, but knowing when to utilize the market is key.

It is most useful when considering an underdog in a home match against a potential heavyweight in their respective league. The double chance market can be used to side with both the underdog, while also having the draw as an insurance.

A double chance bet could also be useful when assessing a heavyweight showdown between talented teams. Having the draw covered once again offers a layer of insurance, as they will still get returns if their fancied selection plays out a tie.

Overall, it is an excellent option when looking to reduce the risk of having a losing wager.

Pros and Cons of Double Chance Betting

Like all soccer betting markets, there are both advantages and disadvantages when making selections on the double chance bet. You can find out more about the pros and cons below.

Pros:

• This type of wager can be a safer option for cautious bettors, especially new gamblers who wish to enhance their chances of winning.
• It offers an Increased chance of making a winning selection when compared to traditional 1X2 betting.
• This wager also offers a great bet when assessing the chances of an underdog.

Cons:

• Double chance betting comes with lower odds because of the reduced risk that is attached to the bet.
• These wagers have less potential for higher returns when compared to other types of soccer bets.
• These also offer low returns if you include a favored selection in a double chance bet.

Double Chance Betting vs. Other Betting Markets 

There are clearly perks to making a double chance soccer bet, as it enhances the potential of winning returns when gambling on soccer.

However, it does come with the drawback that the odds are greatly reduced when compared to 1X2. But, that being said, it is a perfect market for newcomers who are looking for instant returns and bets that are considered bankers.

It could also offer professional bettors better value for their money, as they can use a double chance soccer bet to enhance their purse. The key factor to remember when making a double chance selection is being aware of the best times to utilize the market.

These include when liking the chances of an outsider to upset the odds but wishing to have insurance and also when heavyweight teams collide to cover off the potential of a draw. Despite offering decreased odds, the ability to get sustained wins on the double chance market ensures that it ranks among the best soccer betting types online.