What is a Double Chance bet?

What is a Double Chance bet?

Over the past couple of years, we’ve seen an increase in the number of markets offered by online bookmakers. Customers now have the choice of 100-200 different betting markets for some football matches and a large number for other sports also. One market which is popular with football punters is Double Chance.

In this article, we’ll be taking a look at Double Chance bets and answering the following questions:

  1. What is a Double Chance bet?
  2. What are the advantages/disadvantages of Double Chance bets?
  3. Do Double Chance bets have value?
  4. When would you place a Double Chance bet?
  5. Which bookmakers are best for Double Chance bets?

What Is A Double Chance Bet?

A Double Chance bet allows you to cover two possible outcomes. It applies to sports where there are three outcomes such as football where either the home team can win, the away team can win or the match can end in a draw. Double chance bets can also apply to other sports with three outcomes such as Rugby and American Football but as the chance of a draw in these sports is relatively low, Double Chance bets are rarely used.

Here is an example of a Double Chance bet.

Let’s say that Man Utd were playing Liverpool.

With the standard match result market, you could back:

  1. Man Utd to win
  2. Liverpool to win
  3. The match to end in a draw

With a Double Chance bet, you could back:

  1. Man Utd to win OR Liverpool to win
  2. Man Utd to win OR the match to end in a draw
  3. Liverpool to win OR the match to end in a draw

As you can see, with a Double Chance bet, you are covering two of the three possible outcomes, giving you a better chance of a return.

Double Chance Bet Advantages

The main advantage of placing a Double Chance bet is that you are increasing your chances of seeing a return as you are covering more outcomes. Instead of your bet winning if one of the three outcomes happens, your bet will win if just one of the two you backed happens.

Double Chance Disadvantages

The only disadvantage of a Double Bet is that you will receive lower odds compared to if you were to back just one outcome ie. a team to win or the match ending in a draw. This is because you are covering more outcomes and therefore have a greater chance of a return.

Do Double Chance Bets Have Value?

In order to determine whether or not a Double Chance bet has value, you must look at the individual odds for each of the outcomes you are backing and decide whether or not there is better value to be had by placing two separate bets or one Double Chance bet.

For example, would you receive greater returns if you placed a single bet on Man Utd to win and a single bet on the draw compared to placing a Double Bet on Man Utd & the draw?

Let’s take a look at the example below where Real Madrid are playing Manchester City. The odds are from Bet365 and show the match result market as well as the Double Chance market.

double chance

Let’s say that we wanted to back Real Madrid & the Draw with a total stake of £100.

Betting on Double Chance

  • Double Chance Odds: 1.53
  • Stake: £100
  • Returns: £153
  • Profit: £53

Betting on individual outcomes

We want to use the same overall stake covering the two outcomes and ensure that the returns are the same no matter which outcome occurs. To determine the ideal stakes to use, we can use a dutching calculator.

Real Madrid to win

  • Odds: 2.80
  • Stake: £56.26
  • Returns: £157.50
  • Profit: £101.24 – £43.75 (stake on the draw) = £57.49

The Draw

  • Odds: 3.60
  • Stake: £43.75
  • Returns: £157.50
  • Profit: £113.75 – £56.26 (stake on Real Madrid to win) = £57.49

Conclusion

  • Profit when backing the Double Chance: £53
  • Profit when backing the individual outcomes: £57.49

In this instance, it would be better value to back the individual outcomes compared to placing one bet on the double chance. However, this is not always the case and you can find instances where backing the Double Chance will result in a higher overall return.

If you are looking for maximum value, you should determine whether it is better to place a Double Chance bet or two individual bets on the outcomes.

When Would You Place A Double Chance Bet?

Providing the Double Chance bet returns more than betting on the two individual outcomes, what criteria would you use to select a football match to place your Double Chance bet?

Most people opt for a Double Chance bet when a team may be difficult to beat but are unlikely to win the match. For example, let’s say that Arsenal play with an attacking style and Newcastle play very defensively and lack goals. You may wish to back Arsenal as they have the best chance of scoring and winning the game but you’re unsure if they can break Newcastle’s defence. In this case, you may wish to back Arsenal & the Draw with a Double Chance bet.

Double Chance bets can also be useful when betting in-play. Let’s say that a team is winning 1-0 with 10 minutes remaining. The team which is leading are defending well but the other team is attacking and trying to get an equaliser. In this case, you may wish to place a Double Chance bet on the team which is winnings & the Draw. This way, your bet will win if the match ends as it is and also if the other team manages to get a goal back. This is a relatively safe bet as it’s unlikely that the losing team will get two goals and go on to win the match.

Best Bookmakers For Double Chance Bets

Double Chance bets are available at the majority of bookmakers and so you have a large choice of where to place your bets at. Always shop around for the best odds for each bet you place but we recommend Bet365 is you are looking for a bookie which regularly offers the best odds on football. New customers can also receive up to £100 in Bet Credits which is one of the best welcome offers available at any online bookmaker. You can view details of this offer below.

New Customer Offer
Up to £100 in Bet Credits
Bookmaker Rating
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We also recommend 888Sport who also offer very competitive odds. Customers can often take advantage of sports offers such as free bets and price boosts on various football matches.

Sign up to 888Sport today and you can receive £30 in free bets when registering and placing your first bet of £10 or more.

New Customer Offer
Bet £10 Get £30
Bookmaker Rating
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Minimum deposit of £10 using deposit code 30F - A qualifying bet is a ‘real money’ stake of at least £10 placed on any sports market - Minimum odds of 1/2 (1.5) - Free bets credited upon qualifying bet settlement and expire after 7 days - Free bet stakes not included in returns - Casino Bonus must be claimed within 7 days • To withdraw bonus/related wins, wager bonus amount x40 within 14 days • Wagering req. vary by game • Withdrawal restrictions and Full T&C’s apply

Conclusion

Double Chance bets are a great option for increasing the chances of receiving a return from your bets. If you are planning on placing a Double Chance bet, always check whether you can get more value by backing the two individual outcomes. You can use a dutching calculator to determine the ideal stakes to use.

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