What is the meaning of double chance in betting?
A double chance bet allows you to cover two of the three possible outcomes in a football match with one bet.
Example: Real Madrid vs Barcelona
Real Madrid and draw: Your bet is a winner if the Real wins or draws the match. If Real Madrid loses, so does the bet.
1X = home team wins or draws the match
Barcelona and draw: Your bet is a winner if Barcelona wins or draws the match. If Barcelona loses, so does the bet.
X2 = the away team wins or draws the match.
12 = Real Madrid or Barcelona to win.
The third option will pay out only if draw is not the end outcome of the football game.
Two out of three outcomes covered
Same return on win and draw
Great option for backing the underdogs
The Double Chance is popular in football betting(Champions League, Europa League, Premier League, La Liga, Bundesliga, Serie A, Ligue 1,etc), because as long as you can assess a match option in which a team is fairly unlikely to lose, then you can cover yourself on the other two options, a win and draw, by combining them into one bet.
There are two out of three possible outcomes that will ensure your bet is successful. But the odds are significantly lower than the straight 1X2 odds.
It's surprising that double chance is not as popular as other forms of football wagering, considering that the options to lose are much smaller.
That is why you should use this betting concept for games with a risky outcome. At those games the odds are generally a little higher and despite the decrease due to the double chance still profitable. Because of the decreased risk that double chance bets go along with, they are also perfect for your accumulator bets to push up your odds.