Win More with Premium
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.