The Double Chance Betting Strategy Explained

When you wager on sports, you have to go in with the knowledge that you cannot win every time. That said, you still need to win more than you lose if you are to increase your bankroll over time. With that in mind, the top bettors find ways to reduce the risk when they wager, with double chance betting often used as a way of minimizing risk.

If this is a strategy that you are not familiar with, we hope you will learn all you need to know in this piece, so let’s get to it.

What Is Double Chance In Betting?

Most commonly, you will find double chance in betting in the world of soccer, mostly because there is always the chance of a draw in games. There is nothing worse than seeing a ticket bust because you had one team winning and the game ended in a tie.

Double Chance Meaning in Betting Fundamentals

How Does Double Chance Work In Betting

The idea of double chance betting is to reduce the risk in sports where there is the possibility of a game ending in a draw. Picking tie games can be tough, so also having the ability to have a win and draw on the same wager is certainly alluring to many.

Double Chance Betting vs Traditional Betting

Forgetting spreads and totals, in traditional betting you are looking to pick a winner in a matchup.

In soccer, the chances of a game ending in a draw sit at 20-30%, so there is a pretty good chance that your losing tickets will begin to pile up if you select a winner in a game that ends in a draw. With double chance betting, you take that potential loss off the table.

Sports Betting Double Chance Applications

While soccer is the most popular sport in which to employ your double chance betting strategy, it can essentially be used in any sport where the game can end in a tie.

That said, you need to be sure that in sports like hockey, basketball, and football, where overtime is used, that the double chance option is for the regulation time result. I would say that all of those sports are a good deal riskier than in soccer, where draws are more commonplace.

Double Chance Betting Strategy Approaches

There are a few different options when it comes to double chance betting, the most popular of which is to pick one team to either win or draw. If you don’t like the draw option, but you have a game where the odds for the home and away teams are similar, you can use the home win/away win option.

If you really like the draw in a particular matchup, you can select the draw/no bet option, which essentially means that if the game does not end in a tie, your wager is returned, but keep in mind that the draw odds will not be as valuable as they would be when picking a straight-up draw.

Double Chance Betting Tips for Success

Bankroll Management Strategies

While your chances of winning a wager increase when you use a double chance betting strategy, there is still a chance that you will lose. With that in mind, don’t place larger wagers just because your odds of winning have improved. Bankroll management is still a huge part of your overall success.

Market Analysis Techniques

Shopping for value is also a very good idea, regardless of the types of wager you want to make. Search the market for the best odds for the games that you want to play on any given day.

What Does Double Chance Mean In Sports Betting Markets

There is the possibility of double chance wagering in North American sports, but the NFL, NHL, and NBA are tougher to predict in terms of games that might end in a draw in regulation time.

Hockey is probably the pick of that bunch, but it is soccer that remains the best option for this type of wagering. You have a much better shot at getting into profit with soccer double chance betting.

Double Chance Explained Through Examples

Let’s take an English Premier League game as an example. You have an underdog going on the road against a better team, but also one that is in a poor run of form. They will always have the edge at home, but the road team might be able to sneak win or draw.

Common Mistakes

Easily the most common mistake in double chance betting is wagering more money than normal because you have an increased chance of winning.

Remember, you are often playing the underdog in these bets, so they still might end up losing the game. Always manage your bankroll, otherwise you will end up chasing your losses.

Conclusion

If you are looking at winning more bets, employing a double chance betting strategy is a good way to go, but you should always be aware that the odds will be reduced, and that you will not make winning bets every time.

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