Double Chance Bet in Sports Betting: What Is It and How Does it Work?
Have you ever wanted to make a bet on two different games but don’t want to risk losing twice? Or perhaps you are interested in betting on the same game multiple times. Either way, the double chance bet is an exciting option for sports fans to enjoy their favorite sport even more! This guide will discuss everything about double chance bets and how it works.
What Is A Double Chance Bet?
A double chance bet is a bet in a sports event where a single stake is placed on two or more outcomes. This allows for a double chance of winning, as the punter will either win both bets if one result occurs or win at least one of the best if both events occur. Some examples include betting on either team to win (where you are betting on each result) or betting on the game’s score to be under/over a certain number (similar to an over/under bet).
How Does It Work?
Double chance bets, again, does exactly what it says: a double chance to win. This means that if one of your bets occurs, you will earn the amount wagered. If both bets occur, though, you will be paid out at a higher rate.
Benefits of Double Chance Betting
Now that you know what a double chance bet is let’s look at some of the benefits of using this type of wager.
1) Double Chance Odds Will Be Higher
Since the punter will be betting on two events, they provide more opportunities to win. This drives odds up and can provide a better payout if you win.
2) Double Chance Bets Can Be More Profitable
If you correctly predict both events in a double chance bet, the payout will be higher than if you won it with two separate bets. This is because they are essentially paying for each win twice over (without doubling the odds). If a team wins a match, you win the first bet and if its a draw or the other team wins, you win on your second bet. This means you can make a greater profit from one outcome as opposed to placing two separate bets.
3) Your Risk Is Less
If you were to make both bets separately, there is a chance that you would lose both. With a double chance bet, if one of the events does not occur, the other bet will still be valid, and you can win something for your money. Even if neither event occurs, you risk nothing, which is excellent!
4) Your Money Will Be Kept Safe
Since a double chance bet has a better chance of winning, you will have nothing to worry about if one bet goes wrong. Therefore, your money is guaranteed to be safe, and if you do win it, your payout will be higher!
5) Double Chance Bets are Versatile
There are tons of opportunities to bet on double chance bets. In addition, all types of sports allow for this wager, giving fans the ability to use it whenever they want! Such a bet will work for almost any market, including football, horse racing, and tennis. There are countless more sports out there that allow for double chance bets on their games!
6) A Good Way to Test Out Luck
If you are new to sports betting, double chance bets are a great way to test your luck without putting too much money on the line. This will allow you to see which games are lucky for you and prevent losing all of your money at once! The free bet stakes can also be a great way to test out different types of bets and see what works best.
7) Double Chance Bets are Fun
Finally, double chance bets are just plain fun! It can be thrilling to watch two different sporting events at once and try to predict the outcomes. Sports betting is always unpredictable in some way or another, so this wager will heighten your excitement when watching games.
Double Chance Betting Strategy
Now that you know the benefits of double chance betting learning how to do it right is essential. Here are some essential tips, and a double chance strategy that will help you out:
1) If You Bet on Two Teams, Make Sure the Favorites Do Not Both Win
As with all types of bets, you need to know when to hold them or fold them. If you are betting that two teams will win in a double chance bet, only one of the teams must win (otherwise, you’ll lose both bets).
2) Double Chance Bets Should Be Used for High-Value Markets
As a sports bettor, if you want to win big by betting on double chance events, this method is for you. It is best to use high-value markets such as the Premier League, UEFA Champions League, and many other international competitions when using such a bet. There are also double chances available for less popular sports, so it is essential to look around.
3) Be Aware of the Odds You Are Getting
When betting on double chance events, you need to pay close attention to the odds that are being offered. Remember, the better your odds are, the greater your chances are of winning! With this in mind, try to place your bets on markets with high odds so you can win big! In addition, some sportsbooks offer special double chance betting bonuses, which give you even more chances to win.
4) If You Lose Your First Bet but Win the Second One, You Still Could Profit
Just because one bet goes wrong does not mean that your whole wager is lost. With a double chance bet, you can still win something even if one of the bets does not come through. Both events may be losers, but this does not mean that you have to invest all of your money in an attempt to win everything back. The qualifying bet is the one that you are more likely to win, so bet on this event. The other wager is just there to increase your payout if both events occur.
5) Returns Exclude Bet Credits Stake
If you need to bet on double chance events, remember that your returns can be slightly lower than what you initially staked. A good sportsbook will provide the correct return amount and exclude winnings from previous stakes in your calculations.
6) The winning bet must be placed before the start time of the losing bet
It is important to remember that you have to place your winning bet before the start of the event you are betting on. For example, if you want to win money by placing a double chance bet on home Team A and away Team B, then only one of them needs to win for your wager to be considered a success. This is because if Team A wins, you will receive the amount of money that was bet on it. However, if Team B ends up winning instead, your wager is still valid because it was placed before the match’s start time.
Things You Should Be Careful When Sports Betting
Now that you know how to place double chance bets, it is essential to look at things you should be aware of when betting on sports. A lot of the advice in this article is general, but these factors are critical when wagering on double chances.
1) Do Not Bet More Than You Can Afford to Lose
Sports betting can be a lot of fun, but you should always strive to bet responsibly. If you overstretch your budget and do not have enough money, you will lose motivation to play sports. With this being said, it is essential that you only invest what cash you have.
2) Do Not Pick Favourites All the Time
Despite what you may think, betting on an underdog is not always a bad idea. If your first bet ends up winning and causes your bankroll to increase slightly, it is a good idea to continue doing this. Picking underdogs could open up all sorts of opportunities that would usually be closed off if you were to invest in more popular teams.
3) Try Using Different Markets
Double chance bets are not the only way to make money from sports betting. There are many ways to do this, with some being incredibly effective. One of the best methods is using accumulators, but plenty of other styles can lead to profit accumulation. You need to find one that is right for you.
4) Be Careful of Betting Trends
Betting trends can be beneficial, as they will help you find the best bets on a specific market. However, these should not be taken as gospel, and you should do some research before placing your money on them. If something looks too good to be true, it probably is!
5) Bet on Matches With a Total Low Score
The higher the total score in a sports match, the harder it will be to predict which team has the upper hand. There may not be many opportunities for you to win money in games with very high scores, as several results can be correct. Therefore, stay away from betting on these types of games and instead focus on the ones where a meager total score is expected.
6) Pay Attention to Injuries in Your Favoured Teams
If your favorite sports team has a key injured player, you should make sure that you diversify your investments when betting on them. If the squad is not strong enough, they may struggle to be successful.
7) Bet on Occasional Sports
Even if you are a regular bettor with most social sports teams, you should try betting on some new games now and again. This will make things more exciting for you and help you avoid becoming wholly desensitized to the world of sports wagering!
8) Do Not Wager More Than 10% of Your Bankroll
It should go without saying that you should never bet more than 10% of your bankroll on a single play. The key to successful sports betting is to be strategic about your wagers, not to lose everything by placing everything on one bet then hoping for the best. You are far less likely to succeed by placing huge bets compared to small ones.
9) Make Sure You Understand the Rules of Each Contest
If you are not an expert on a particular sport, you should research before placing bets. Otherwise, you could end up losing all your money to someone more knowledgeable.
10) Only Bet With Sporting Odds That Several Bookmakers have shown
This is a fundamental rule to follow if you want to avoid wasting your time. As a general rule, the more bookmakers that show a specific sports line, the better it is likely to be. This is because they have all had access to the same information, which has allowed them to make relatively accurate predictions about what will happen.
11) Try to Pick Out Some Underrated Sports Teams
Some sports teams can be underrated for a variety of reasons. These could include the fact that they are not in a major league, do not play in one of the most popular sporting tournaments, or have not been in the spotlight for a long time. If you find yourself in this situation, take full advantage and place some bets.
12) Do Not Lose Your Temper
Even if you have some bad luck and lose several bets in a row, you mustn’t get angry at the world. Sports betting will always be a rollercoaster ride of emotions, regardless of how well you play things or how much research you do. Instead, try to accept what has happened and move on to try and win items back.
Frequently Asked Questions
What is a double chance in Bet365?
A double chance bet means where you place two bets on the outcome of two different sports events. If one wager wins, it is still considered a win even if the other loses. Examples of double chance betting include placing two bets on different football teams to win.
How do you double on Bet365?
To double your bet on Bet365, you need to place two bets. One of the wagers is for the winning amount, while the other is a qualifier. You can use more than one method to qualify for the bonus. From your account, go to the deposit section and choose the double option. Add some funds to your account and then place your qualifying bet on the sportsbook. Once this is done, wait for the result to be verified. If it wins, you win your money back plus the amount of your double bet.
Do Bet365 pay double results?
Yes, Bet365 offers double results on almost all matches, including soccer, horse racing, rugby, and more.
Can free bets be used on double chance bets?
Most free bets cannot be used when making a double chance bet. However, sometimes sportsbooks offer special wager types that can be used in combination with free bets and other promotions. Free bets paid out as part of the promotion are often valid for all types of bets.
What is the meaning of double chance in a bet?
Double chance means that you place two bets on different events, and if one wager wins, your other one is still valid. With double chance betting, you can also win money by placing two bets on the same event.
Final Verdict
Now that you know more about double chance betting and how to use it, we hope that you will try this wager out. We believe that such a bet can greatly enhance your sports gambling experience and help you win some extra money on the side!