The Double Chance market is one that I am a fan of, and one that I will include in my accumulators quite often. So, what is it? In a football match there can only ever be three possible outcomes. Either the home or away team wins, or the match ends as a draw. Double Chance betting allows you to cover two of the three possible outcomes.
I like using the Double Chance market in the scenario that I am confident in a good value side but I am not entirely certain that they will pick up all three points. If you pick a team to ‘win or draw’ then you can sit fairly comfortable with the fact that your selection will win as long as your team of choice doesn’t lose the game.
There are three possible ways to go with Double Chance betting. Either home team to win or draw, or away team to win or draw, both of which are pretty self explanatory. You can also bet on either the home or away team to win, a selection which would result in a loss if the match ended as a draw.
What are the advantages and disadvantages of the market?
The main advantage for me is the bigger resulting area that the market covers. On a Saturday, you may pick out a side who are the underdog that day, or can be found at excellent value because maybe they’re playing away from home. A Double Chance selection is obviously picked at lesser odds compared with the straight win, but it just means you need your team to avoid defeat for a winning selection (If you have gone for the win or draw outcome).
The only disadvantage really is that you will take the selection at shorter odds than a straight win, however it will still be good value if you are going for a team who haven’t been heavily backed to win the match.
Is Double Chance the same as Draw no Bet?
I often see many of my followers get confused with these two markets. The answer is ‘no’, they are different and they also differ in how they are priced. They’re similar in the sense that with both markets, you would prefer it if your chosen team wins. However, the resulting outcome differs if the match ends as a draw.
If you back a team to ‘win or draw’, you will also be paid out with a winner if the match ends level. However, if the match ends in a draw and you have used the ‘draw no bet’ market, your selection will be voided and not paid out as a winner. However, this does mean that you will have your stake refunded.