Double chance in betting: what is it and how to make money on it?

2024 Author: Leah Sherlock | [email protected]. Last modified: 2023-12-17 05:25

If you are a beginner and don't know much about betting yet, you may have a question about the "double chance betting" strategy. What is it and how to win big money with it? Let's figure it out.

What does double chance mean in betting?

If you want to make money in bookmakers, you should carefully study all types of strategies. Perhaps one of the most popular bets is the "double chance" strategy. As the name implies, the double bet strategy means that the chances of winning are exactly doubled. In this type of bet, three outcomes are formed: 1X, X2 or 12. This is deciphered as follows: either the victory of the first team or a draw (1X), or the victory of the second team or a draw (X2), and 12 is the victory of the first or second team, t i.e. it is essentially a bet against a "draw" result.

Example analysis

Usually, the "double chance" betting strategy is used only in those sports where there are three possible outcomes of the game. The most popular of them are football, hockey or basketball. Take for example two football teams: Barcelona andRealMadrid. If, according to your calculations, Barcelona will win or the game will end in a draw, then it is advisable to choose the 1X strategy. In the event that you are in doubt about who will be the winner, but are sure that the result will not be a "draw", it is better to choose a bet of 12. In this case, you will win money, regardless of who won.

Let's take a random example from a bookmaker. Here are the following quotes:

1. Victory of the first team (L1) - 1.50.
2. Victory of the second team (W2) - 8.15.
3. Draw (X) - 4.20.
4. Double Chance 1X - 1.14.
5. Double Chance X2 - 2.75.

Then, using our double betting strategy, we get the following:

Probability of Win1: 1/1.50 x 100%=66%	1X Probability=66% + 23%=89%
Probability of Win2: 1/8.15 x 100%=12%	Probability X2=12% + 23%=3 5%
Probability X: 1/4.20 x 100%=23%

As you can see, the chances of winning have increased significantly: from 66% (if the first team wins) to 89%, and from 12% (if the second team wins) to 45%. The ability to insure your bet if the result of the game is "draw" - that's what double chance in bets means. Let's say if you choose to bet 1X with a quote of 2.30, and your amount is $100, then if you win, your amount will increase by 2.30 times. As a result, you will win $230, the net profit will be $130. When betting on larger amounts, you can win bigmoney.

Benefits of this strategy

The advantages of choosing the "double chance" strategy in betting (what it gives and what benefits you can get, we have analyzed above with a specific example) are obvious. Firstly, this strategy allows you to choose two outcomes out of a total of three, which increases the chance of winning. Secondly, the risk of losing all the money at once decreases. For this reason, many beginners choose the "double chance" strategy in betting. Employees of betting companies also understand that this is a kind of insurance of invested funds in the event of a "draw" result, which is why the odds and quotes for this double chance strategy are much lower than, for example, in a standard 1X2 bet.

Disadvantages of the double chance bet

Perhaps the biggest drawback of the "double chance" betting strategy (which you can see right away) is the low odds. Although many deliberately go for a quote reduction in order to hedge their forecast in case both teams receive the same number of points.

It is also worth noting that for successful earnings on this strategy, you must constantly monitor the statistics of both teams. It is necessary to thoroughly study the entire history of games and meetings of the selected teams, regardless of whether it is football or hockey. If you incorrectly determine 1X or X2, then you can lose your entire bet. With such risks and at low odds, you should carefully consider your predictions before placing a large bet.

A few clever tricks

With a good knowledge of the behavior of both teams, you can resort to a double chance strategy for a long time and win big money. Let's take a look at the features of this strategy and find out in which cases it would be profitable to place such a bet. Suppose Barcelona and Atlético are playing on the blue garnet field. Quotes for the victory of the first team - 1.7, for the victory of mattresses - 4.5, and for the result of a draw - 6.0. It is likely that Barcelona will win or draw, but will not lose at home, so a 1X strategy would make sense. Thus, you can hedge your bet in case of a "draw" result.

However, if the statistics of two teams most often show the presence of a clear outsider or insider, it would be more profitable to use a bet of 12, since the odds for such a choice are usually higher.

When betting on large amounts and with the correct use of the "double chance" strategy, you can earn fabulous money in bookmakers.