If you’ve never heard of a Double Chance in betting, we’re here to guide you through everything you need to know. This is one of the most popular forms of bets, as it helps stack the odds in your favour.
What is a Double Chance in Betting?
A Double Chance bet does exactly what it says on the tin – it gives you two chances to win a bet. You wager on two outcomes of a particular event to improve the probability of your bet coming to fruition. In this handy guide, we’ll explain exactly how that works.
How Does Double Chance Betting Work?
In a traditional game of sport, there are usually three possible outcomes in a single match. The home team could win, the away team could win, or it could end as a draw. If you stake on one of these options, it’s called an outright bet.
Outright bets give you an approximate 33 per cent chance of winning. You can increase that percentage by opting for a double chance bet, which covers two of the outcomes. For example, you can bet on the home team to win, or for there to be a draw. If either of those things happens, you’ll get a return on your stake.
What is Double Chance in Football Betting?
The Double Chance bet is hugely popular in football because it’s a sport in which draws are highly likely. Indeed, a whopping 25 per cent of all football games end in a tie after 90 minutes. Therefore, covering that outcome is always a wise move for bettors.
In football betting, the Double Chance bet covers the 90 minutes of the game plus any stoppages added on at the end. If the match then goes into extra time and penalties, the double chance bet will not cover it. Placing a bet in a football match will cover two possible outcomes and can be useful if the teams are closely matched. Check out the example below:
If Liverpool is playing Chelsea and you can’t decide on a winner, you can place a double chance bet on either team winning. You could also choose to pick Liverpool and a draw, or Chelsea and a draw.
How do I calculate Double Chance Odds?
The great thing about placing a Double Chance bet is that you don’t need to work out the odds yourself. When you look at the different options here at Paddy Power, you’ll see that the odds are listed for you.
If you do want to calculate your own odds, you can use online formulas to check them. You’ll have to key in the odds of the single markets first. This can be a good way to ensure you’re getting the best odds available.
How do I Place a Double Chance Bet?
Do you feel like placing your first Double Chance bet? Here at Paddy Power, it’s incredibly easy to do so. Just choose the match that you want to stake on and click on it to see more options.
From there, you’ll encounter a load of different markets. You just have to scroll down until you see the Double Chance option. Click that and it will expand to show you your three choices. For example, if you want to bet on the Manchester City vs Tottenham Hotspur game, you’ll be given these three outcomes:
- Man City and Draw
- Tottenham and Draw
- Man City and Tottenham.
Make your selection and then choose how much you want to bet. The bet slip will then tell you your projected winnings if your bet comes to realisation.
Good luck in placing your Double Chance bets at Paddy Power, and please remember to always gamble responsibly.
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