What is Double Chance Betting?
In the intro, we briefly described what double chance betting actually was. But, there is more to it than you should know about.
The double chance meaning of this betting market is actually pretty simple. It indicates that you get two opportunities to win a wager when placing a single bet. As you may know, there are three outcomes of a football match, a home team to win, an away team to win, and a draw.
With the double chance bets, you are actually wagering on two possibilities by eliminating one of the three outcomes. The types of double chance betting that you will find at Nigerian bookmakers are the following:
- Home team to win or draw (1X)
- Away team to win or draw (2X)
- Home team or away team to win (12)
This is something that no other betting market is offering. With the double chance betting you drastically increase your chances of winning. It is because of this feature that many punters choose to place double chance bets over the other types.
Players are often using the double chance bets to wager on matches where a winner is not certain. Some place these types of wagers on teams that are the underdogs, as they are searching for a surprise outcome.
It is worth noting that double chance betting is not only available for football matches. You can find these markets at the basketball, handball, and rugby events.
Punters are usually using them in football matches, especially the double chance bets that include the draw option. As for basketball, you can place such bets on different sets or on the final score.
Why Punters Should Do Double Chance Betting?
The double chance betting markets are giving you something that no other wagering option can provide. With it, you drastically increase the chances of winning, as you bet on two out of three possible outcomes.
No other betting market has such characteristics. Every punter should use the double chance bets when they aren’t certain about a team winning the match. They can also place such wagers when they are positive that one of the two teams will come out victorious.
Double chance betting is one of the safest ways for sports wagering at the Nigerian bookmakers. You can combine multiple such bets on a single bet slip and increase your potential payout.
If you have a larger budget, then you can wager on a single event using the double chance bet. The best way to do this is by finding a match where one of the teams has almost zero chance of losing. However, be aware of the fact that nothing is certain in sports and you can always lose a bet.
Maximize Your Advantages With Double Chance Betting
There are several ways that you can use the double chance bets to your advantage. As you know, teams are playing under the expectations from time to time. This can make you lose your bet slips if you wager on them winning a match.
With double chance betting, you lower the chances of this happening. All you have to do is guess which of the three outcomes to get rid of the equation.
Avoid double chance betting on favourites, as the odds are too low. Instead, look for matches where the two teams have similar chances of winning. You can then choose one of the teams to win or draw, or either of them to win the match. The home teams are usually the ones worth backing, but not at all events.
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One of the best ways to use double chance betting is by combining several wagers. Find matches where the favourites have a possibility of drawing. You can place such a bet where they can either win or draw the match. Combining several such markets will increase your payout significantly.
If you like being adventurous with your sports betting then you should do the following. Locate a team that is among the favourites but has a bad streak. Then, use the double chance betting to wager on the other team winning or drawing.
Punters with a bigger budget can place double chance bets even on matches with lower odds. Thanks to the bigger bet amount, they will potentially win some decent payouts.
Double Chance Betting Example
Placing double chance bets is a very simple task that doesn’t differ too much from the others. Start by finding a reputable Nigerian sportsbook and join the betting platform.
All bookmakers are offering double chance betting as it is among the most used types of markets. So you won’t have any trouble finding a good sportsbook. After that, make sure to verify your account and deposit some funds.
Next, open the sports category and find an event that you like to bet on. There look for the double chance betting markets and choose one of the three options. Enter an amount that you want to use and conclude the bet.
Let’s say, you are interested in betting on a football match between Chelsea versus Arsenal. Here you will get the following double chance bets:
- Chelsea to win or draw the match (1X)
- Arsenal to win or draw the match (2X)
- Chelsea or Arsenal to win the match (12)
Now, if you bet on Chelsea to win or draw the match, the only way to lose the wager is if Arsenal wins. Let’s say Chelsea bets Arsenal 2:1, then you will get a payout. You will also get your payout if neither of the teams wins. For example, if the end result is 1:1.
Pros/Cons
Pros
- Better chances of winning with lower risk
- Good for backing underdogs in a match
- Win a bet if either two outcomes occur
Cons
- The odds on most double chance bets are very low
- Not available on matches where there is an absolute favourite
- You will need to place multiple double chance bets for a good payout, which lowers your chances of winning
Odds
The odds that come with double chance betting are significantly lower than the rest. This is something that seems reasonable as you get bigger chances of winning.
However, they do fluctuate from one match to the other. Double chance betting where you wager on the favourite to either win or lose is very low. However, placing such a wager on the underdog comes with higher odds.
Because of this phenomenon, many punters choose to place multiple double chance bets on a bet slip. This increases their potential payout but also lowers their chances of winning.
Punters that have a big budget are the once that use double chance betting to their advantage. These bettors, place such bets with a large amount and go after an almost certain win. But, losing a bet is always a possibility, which will hit these punters pretty hard.
In some matches, there is no double chance betting odds. This is usually the case when there is an absolute favourite in a match. At such events, you usually cannot bet on the favourite to either win or draw the match.
With this action, the sportsbooks are lowering their exposure and making sure that they don’t lose a lot of money. Match favourites can have a bad match, but they will rarely lose. So the double chance bets that eliminate them from losing seem like a firmly logical occurrence.
Double Chance Betting Offers and Promotions
Now that you know the meaning of double chance in betting, we can reveal some additional information. Here we mean the offers and promotions that feature at the bookmakers. They are a great way to stimulate your betting sessions and win extra payouts.
At the Nigerian sportsbooks, you will come across several types of promos. Applying for them can get you free bets, extra cash, or a cashback.
If you win free bets, then you can without a double use them for double chance betting. Depending on the terms and conditions, these free bets are either available for one or multiple matches. Whatever the form of the extra wagers, they are still offering additional chances for payouts.
Some sports betting promotions are giving out bonus money as rewards. After claiming such a bonus, you are free to use the available funds on double chance bets. Yet, most of them require placing them on wagers that are over certain odds.
So, you might need to find double chance bets with higher odds or combine several wagers on a bet slip. Wagering requirements are among the terms and conditions of most of these offers.
The last type of promo that concerns double chance betting is the cashback. This one gives a portion of the losing bets back to you. It is a good way to get something back from the wagers that didn’t go through.
Additionally, at some Nigerian bookmakers, you will come across accumulator boosts. They require you to combine more than two selections of double chance bets. As a bonus, you will get an increase in the accumulated odds.
If you are new to sports betting, then you can apply for a welcome bonus. It allows you to use the extra bets or bonus money to get familiar with double chance betting. But, make sure to read the terms and conditions before you apply for such a promo.
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What Are the Alternatives to Double Chance Betting?
As you know, there are many betting markets that you can use at the bookmakers. But, the closest ones to double chance bets are for sure the single bets. Some refer to these types of markets as moneyline.
They are the most basic betting options out there. You can use them to back a team to win a match. However, you can also wager that the featured event will end up as a draw.
Another good alternative to double chance betting is handicap wagering. This market offers you a chance to wager on a team that either begins with a virtual head start or a deficit. So, for instance, the favourite team will need to win by a 3-goal margin in order to receive a payout.
FAQ
Start off by registering and verifying an account at a top Nigerian bookmaker. Then deposit some money and access the sports section. Choose a match that you like and look for the double chance betting markets. Click or tap on the one that you feel like the best option and conclude the wager. Lastly, wait for the match to end and hopefully cash out your payout.
Yes, it is very much possible to make a double chance bet. Such wagering options are available at all Nigerian bookmakers. Every operator makes sure to add it to the offer as they know about its major popularity. However, you should know that double chance betting is mostly available in football, basketball, rugby, and handball matches.
Yes, you can cash out a double chance bet that is still active. However, this feature is only available to certain Nigerian bookmakers. Also, some of them may not make the double chance betting available for early cash-out. So, be sure to check these details before you start wagering.
Yes, you can use your mobile device to place double chance bets at Nigerian sportsbooks. These betting platforms utilize the latest HTML5 technology. It allows you to place such bets on any mobile, tablet, or desktop device. The most reputable sportsbooks may also have a betting app where you can place double chance bets.
No, you shouldn’t expect to win every double chance bet that you place. With double chance betting, you wager on two of the three possible outcomes. This means, that there is still a chance that you can lose such a wager.
Responsible Gambling
Although sports betting seems like a super fun activity, it can still cause gambling addiction. This is true with all types of wagering, including double chance betting.
Some players think that this betting market is the safest of them all. Many approach it without giving any thought about the potential losses that they might suffer.
As we mentioned earlier, the double chance bets are increasing your odds of winning. However, they don’t eliminate the possibility of losing. Remember, with this betting market, you wager on two of three possibilities. This means that there is still a chance of losing.
Also, because of the low odds on many of the double chance bets, some punters tend to place bigger amounts. Although losing such a bet is very rare, it is still very risky, especially with larger sums.
So, remember to wager responsibly when conducting double chance betting at Nigerian bookmakers. And if you feel like you’re getting addicted to sports wagering, then make sure to contact a gambling prevention organization. They will do their best to help you out.
Recap of Double Chance Betting
Double chance betting is a unique type of sports wagering that no other market can come close to. It increases your chances of winning by including two of the possible three outcomes on the bet. This is by far the safest way of sports betting.
You are free to choose from three possible double chance bets, each offering different odds. With it, you are able to back the underdog and win a payout even if they draw the match.
All Nigerian bookmakers are offering double chance betting thanks to its major popularity. You can even apply for some generous bonuses and promos and use the rewards to place such bets. However, remember to wager responsibly, as there is always the possibility of losing money on this type of activity.
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