Double chance bet exists in the sportsbook realm of gambling. All sports betting experts already know what this is. When you enter the gambling realm as a newbie there are a lot of terms that you will come across. In some of it, you may have heard the term, but do not know what that is, some others you know what it is but do not have a clear idea, and in others, you may not have ever heard about it. What about a ‘double chance bet’, have you heard about such a type of betting?
Well, this is where you are but to read all about double chance bets?
Double Chance Bet: What is that?
Double chance bet, as its name suggests gives you two chances in the bet that you place. Typically, this bet is found in the soccer realm. What are the possible bets that you can make about the soccer match?
- Team 1 wins the match
- Team 2 wins the match
- The match ends in a draw
- Team 1 wins by ‘X’ goals
- Team 2 wins by ‘Y’ goals
- Player ‘X’ scoring ‘Y’ number of goals
These are the common bets that you can place. The die-hard fans of a particular team may bet that their team will win, with a total of ‘X’ goals.
Now about the double chance bet. You can bet on the two possible outcomes of the total three. Double chance bet considers either of the two teams winning the match or ending up in a draw as the possible three outcomes. You can place a bet on two of these. Your options are:
- Team 1 wins the match
- The match ends in a draw
Or
- Team 2 wins the match
- The match ends in a draw
Why do bettors love double-chance bets?
Gamblers out there seem to love double-chance bets. As there are three outcomes, and you can bet on two you have an increased probability of winning your bet. This can be exciting for the bettors. When you enter a bet, you really do not want to lose your bet and your money, right?
In games like soccer, it may not be easy to predict the outcome of the game. However, by analyzing the history of each team coming face to face, the players in each team, their form, the total coordination of the team, and the position of each player in the team – all these can help in predicting the winner of the game. Maybe some external factors and some unpredictable aspects may present your prediction for coming true. But again, we can never predict the future correctly, right?
In summary, double-chance bets decrease your risk. It boosts the safety of the game by letting you have more probability of winning.
Double chance bet: More information
Now you know all about the working of double chance bets and the reason why most people love it. However, there are some downsides, as well. Or rather than the ‘downside’ of the game, it can be said as the reason why some people do not choose to engage in double chance bets.
Multiple gamblers have opined that double-chance bets are not as exciting as others. Because there are only three possible outcomes it lets you bet on two of them. Those who enter the gambling realm for the thrills and enthusiasm of unpredictability may not choose double-chance bets.
Another factor is the payouts that you receive. When we said that the bet has reduced risk, you may have already guessed this. The payouts are less in double-chance bets. It may not excite you. Less risk always means less reward. However, the adjective ‘low’ is issued because the payouts are lower when compared to the payouts of other bets. If you feel fine with it, then it’s completely a win-win situation. Because the risk is low and you get a satisfying amount, as well.
Double chance bet in online casinos
You can place a double chance bet in online sportsbooks. Just visit the sportsbook lobby of the online casino that you have an account in. Go to the ‘Soccer’ section, and find the double chance bets. It may be listed in-game props or different kinds of bets.
Double-chance bets in online casinos are just as mentioned above. However, you will be placing the bet virtually over a device. Before you place any kind of bet, make sure that you know all about the nature of the bet. Also, read through the terms and conditions of the bet in the particular casino before you start playing it.
Read More: The Ultimate Guide to the Dos & Don’ts of Casino Etiquette
