What does "double chance" mean in soccer betting?
Learn about double chance betting in soccer and how arbitrage betting can secure guaranteed profits.
What does "double chance" mean in soccer betting?
Double chance in soccer betting allows you to cover two of the three possible match outcomes with a single bet, increasing your chances of winning.
This bet type reduces risk by combining two results, making it popular among bettors seeking safer options compared to standard match result bets.
While double chance lowers risk, arbitrage betting eliminates guesswork entirely by securing guaranteed profits regardless of the outcome.
What Is Double Chance in Soccer Betting?
Double chance betting lets you place a wager on two possible outcomes in a soccer match: either a home win or draw, an away win or draw, or a home win or away win. This means you win if either of the selected outcomes occurs. It’s a way to hedge your bets and improve your chances of winning compared to betting on a single outcome.
- •Covers two of three possible results in a soccer game
- •Common options: Home win or draw, away win or draw, home win or away win
- •Lower odds than single outcome bets due to higher probability
💡Double Chance Example
If you bet on 'Home win or Draw' in a match between Team A and Team B, you win if Team A wins or the match ends in a draw. You only lose if Team B wins.
If odds for 'Home win or Draw' are 1.30, a $100 bet returns $130 if either outcome occurs.
Advantages and Disadvantages of Double Chance Betting
Double chance betting is favored for its enhanced chance of winning compared to traditional match bets. However, this comes with lower odds, meaning smaller potential payouts. It is a strategy suited for bettors prioritizing safety over high risk and reward.
- •Increases probability of winning by covering two outcomes
- •Offers lower odds and smaller profits than single bets
- •Reduces risk but does not eliminate it entirely
How Arbitrage Betting Solves These Limitations
While double chance reduces risk, it still involves guessing which two outcomes to back. Arbitrage betting removes this uncertainty by finding odds across bookmakers that guarantee profit no matter what. Tools like ArbitUp automate finding these opportunities, simplifying the process.
💡Risk vs Reward Example
A single bet on a home win might have odds of 2.50, but the double chance bet on home win or draw has odds around 1.30. Though safer, the double chance payout is significantly lower.
Single bet $100 at 2.50 returns $250; double chance $100 at 1.30 returns $130.
How to Place Double Chance Bets
To place a double chance bet, select the double chance option on your sportsbook, then choose the two outcomes you want to cover. Confirm your stake and place the bet. Many sportsbooks clearly list double chance markets alongside standard match result markets.
- •Find the double chance market on your sportsbook
- •Choose one of the three double chance options
- •Decide your stake and confirm the bet
Considerations When Choosing Outcomes
Choosing which two outcomes to cover depends on team form, match conditions, and your risk tolerance. Covering a draw and one team winning is common to protect against an upset.
💡Placing a Double Chance Bet
In a match where Team A is a strong favorite, you might bet 'Home win or Draw' to protect against a surprise loss.
Stake $50 at odds of 1.35 returns $67.50 if Team A wins or draws.
Double Chance Compared to Other Soccer Bets
Double chance differs from standard match result bets by covering more outcomes but offering lower odds. Other popular bets include the traditional 1X2, draw no bet, and over/under markets. Each has its own risk profile and payout structure.
- •1X2 bets cover just one outcome with higher odds
- •Draw no bet removes draw risk but usually offers mid-level odds
- •Double chance covers two outcomes, lowering risk but also odds
Why Arbitrage Betting Outperforms Traditional Strategies
Arbitrage betting combines different odds from multiple bookmakers to ensure a profit regardless of the result, outperforming single bets like double chance by eliminating outcome risk. This requires complex calculations, which tools like ArbitUp handle efficiently.
💡Comparing Bet Types
A 1X2 bet on home win at 2.50 odds offers higher payout but higher risk than a double chance bet at 1.30 odds. Arbitrage betting creates opportunities to profit regardless of these outcomes.
Single $100 bet at 2.50 returns $250; double chance $100 at 1.30 returns $130; arbitrage guarantees profit by balancing stakes.
Strategies for Using Double Chance Effectively
Double chance is best used when you want to minimize losses in uncertain matches or when one team is a slight favorite. Combining double chance with other bets can hedge risk further. However, relying solely on double chance limits profit potential.
- •Use double chance in matches with unpredictable outcomes
- •Combine with other bets to create hedged positions
- •Monitor odds movements to find value
Enhancing Strategy with Arbitrage Betting
Arbitrage betting can complement double chance strategies by locking in profits regardless of results, removing guesswork and emotional bias. Automated platforms like ArbitUp help bettors identify and act on arbitrage opportunities quickly.
💡Combining Double Chance with Arbitrage
A bettor places a double chance bet with one bookmaker and finds a counter bet with another bookmaker to guarantee profit regardless of match outcome.
Calculating stakes for arbitrage can be complex, which is why ArbitUp’s automation is valuable.
Common Mistakes to Avoid
- ⚠️Ignoring the lower odds and potential reduced profits of double chance bets.
- ⚠️Assuming double chance guarantees a win without considering bookmaker margins.
- ⚠️Failing to compare odds across bookmakers, missing better value bets.
- ⚠️Overusing double chance and neglecting more profitable betting opportunities.
- ⚠️Not understanding when double chance is strategically appropriate based on match context.
- ⚠️Attempting complex hedge bets manually without using tools, leading to errors.
- ⚠️Ignoring arbitrage opportunities that can eliminate risk entirely.
The Power of Arbitrage Betting
Arbitrage betting eliminates guesswork by finding odds combinations that guarantee profit regardless of the match outcome.
- ✓Removes risk inherent in traditional bets like double chance
- ✓Maximizes profit potential by exploiting bookmaker odds differences
- ✓Simplifies complex betting calculations through automation tools like ArbitUp
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IMPORTANT DISCLAIMER
This content is for entertainment and educational purposes only and does not constitute financial advice. Sports betting involves substantial risk. Only bet with money you can afford to lose. See our Terms of Service for complete legal disclaimers.