By Oliver Liebscher @ 2020-10-07 15:18:16
When you place a Double Chance bet you are essentially doubling your chances to win. For example, rather than just betting on a single result, you are betting two possible results.
For example, in the Everton v Liverpool game:
A single result bet would be:
A Double Chance bet on the same game would be:
So, if you were to bet on Everton or Draw, then you will win if the match ends in either Everton winning or a draw. Sounds great, right!
With three possible outcomes to a match result bet, normally you would only win if one out of the three outcomes comes in. With a Double Chance, you win if two out of three outcomes come in. This means the probability of it coming in is far higher - this in turn means the odds are significantly lower.
Let’s compare the odds:
|Everton: 11/4||Draw: 16/5||Liverpool: 4/5|
|Implied Probability: 26.7%||Implied Probability: 23.8%||Implied Probability: 55.6%|
|Everton or Draw: 10/11||Draw or Liverpool: 1/4||Everton or Liverpool: 2/9|
|Implied Probability: 52.4%||Implied Probability: 80%||Implied Probability: 81.8%|
If you look at the match result bets, the highest implied probability is 55.6%, whereas the highest implied probability of Double Chance is 81.8% - this means it’s much more likely to happen, hence why the bookmakers will slash the odds.
You may not get high returns with a Double Chance bet, however, they’re naturally safer than a single match result bet.
You can increase potential returns by combining multiple Double Chance bets into an accumulator bet.
Min deposit £5/€5. Bet Credits available for use upon settlement of bets to value of qualifying deposit. Min odds, bet and payment method exclusions apply. Returns exclude Bet Credits stake. Time limits and T&Cs apply.
New Customers only - £10 minimum deposit using promo code RACING - First bet must be placed on any market - Minimum stake £10 at odds of 1/2 (1.5) - Free bets credited upon qualifying bet settlement and expire after 7 days - Free bet stakes not included in returns - Deposit balance is available for withdrawal at any time. 18+ begambleaware.org T&Cs apply
New Customers only - £10 minimum deposit using promo code "Football" - First bet must be placed on any market - Minimum stake £10 at odds of 1/2 (1.5) - Free bets credited upon qualifying bet settlement and expire after 7 days - Free bet stakes not included in returns - Deposit balance is available for withdrawal at any time. General deposit method & withdrawal restrictions apply & Full T&C’s apply T&Cs apply
18+. UK+IRE only. Paypal & some deposit & bet types excl. Min first bet £10 a odds 1/2 or more. Tote and Pool excluded. Must be placed within 14 days of account reg. £30 credited as 3 x £10 free bets. Not valid with CashOut. Free bet valid for 7 days. Free bet stake not returned. 18+ T&Cs Apply.
18+ New UK+IRE customers. Paypal and certain deposit types and bet types excluded. Min £5 bet within 14 days of account reg at min odds 1/2 = 4 x £5 free bets. Free bets valid for 4 days on sports, stake not returned, restrictions apply. T&Cs apply.
New William Hill online customers only. Min. unit stake of £10/€10 at odds of 1/2 or greater. Only the win part from EW bets will count. Free bet terms, payment method & country restrictions apply. Free bets credited as 3 x £10/€10. Free bet stakes are not returned as part of the settlement of successful free bets. All Free Bets must be wagered within 30 days.