What is Double Chance Betting?
Double chance betting is one of the most popular options for soccer betting, offering bettors a “safer” (albeit often more expensive) way to back a particular outcome. In soccer, there are three possible outcomes in a 90-minute match: Team A wins, Team B wins, or it’s a draw. Double chance betting allows you to cover two of these three outcomes with a single bet, increasing your chances of winning.
With a double chance bet, you can choose from three options:
- Team A wins or the match is a draw
- Team B wins or the match is a draw
- Team A wins or Team B wins
How Does Double Chance Betting Work?
The prices for double chance bets will vary depending on the ability of each team. Sometimes, you’ll get double chance markets with similar prices, while other times you’ll get a team to win or draw at more favorable odds. It’s important to note that double chance bets do not include extra time in the knockout stages of a tournament. If you bet on a team to win or draw and they lose in extra time, you still win the bet.
Double Chance Example
Let’s illustrate double chance betting with an example from the 2022 World Cup match between the USA and Wales.
At JamboBet, all three options for the USA-Wales double chance are priced above KES -200, reflecting the evenly matched teams.
Double Chance Bet Options:
- USA & Draw (-270): You win if the USA wins or if it ends in a draw.
- Wales & Draw (-210): You win if Wales wins or if it ends in a draw.
- USA & Wales (-260): You win if either team wins, and lose if it ends in a draw.
The odds for each bet in the double chance market are based on the sum of the three-way moneyline probabilities. Here’s how it breaks down:
Probability to Odds Conversion:
| Player Name | Probability | Implied Odds |
|---|---|---|
| USA & Draw | 38.46% + 33.90% = 72.36% | -262 |
| Wales & Draw | 33.33% + 33.90% = 67.23% | -205 |
| USA or Wales | 38.46% + 33.33% = 72.36% | -262 |
When you add the probabilities together, you get close to the double chance odds. The bookmakers then add a little margin (juice) to ensure their profit.
Betting on Double Chance with a Big Favorite
Double chance odds differ significantly when one team is a heavy favorite. Let’s take England vs. Iran in their opening World Cup match as an example:
- England or Draw (-1900): This means you would need to bet KES 1900 to win KES 100. Given that England or the draw are highly likely outcomes based on the three-way moneyline, you’re paying a massive price.
- Iran & Draw (+220): Conversely, betting on Iran and Draw gives you more favorable odds, reflecting the lower probability of these outcomes.
Parlaying Double Chance Bets
Due to the higher likelihood of winning a double chance bet, the odds are often lower. Many bettors choose to parlay multiple double chance bets to increase their potential payout. For instance, parlaying USA or Draw and Mexico or Draw in their respective matches might come out to nearly even odds, making it a more attractive option.
Conclusion
Double chance betting is an excellent strategy for bettors who want to increase their chances of winning by covering two outcomes in a single match. It’s especially useful in matches where the teams are evenly matched or when one team is a heavy favorite. While the odds may be lower, the increased probability of winning makes it a popular choice.
Register now on JamboBet(Â https://jambobet.co.ke/ ) to explore the various double chance betting options and enhance your soccer betting experience. With competitive odds and a wide range of markets, JamboBet provides an excellent platform for both novice and experienced bettors.
