Understanding Double Chance in Betting
What is Double Chance in Betting, which sport has that option and is it one of the markets at Housebets?
What is Double Chance in Betting, which sport has that option and is it one of the markets at Housebets?
Every day, bettors look for ways to take advantage of different betting markets to ensure they win their bets.
Anyone familiar with betting knows that moneyline is the most common market in all sports.
However, while it may be the most common, there are other options that most bettors prefer because in any sport, winning is not guaranteed, especially if two evenly matched teams or players are playing against each other.
For this reason, players look for markets like the Totals Market, also known as Over/Under, Handicap Market and Corner Market.
However, there are still other markets to choose from aside from the ones mentioned above, such as the Double Chance market or option.
What is Double Chance?
The double chance is one of the safest markets because it gives the players a chance to protect their bets.
Unlike the Moneyline market which has only one outcome (win or lose), the double chance market allows a player to have more than one option.
For example, instead of betting on Manchester United to beat Liverpool, a player may decide to be cautious and bet on Manchester United to win or draw.
This means that the player can still win his bet provided Man Utd do not lose, unlike the moneyline option which has no place for a draw.
Types of double chance
There are three major types of double chance markets.
1X: Here, you are simply betting on the home team to either win the game or draw the game, meaning your bet will count as a winner provided the home team does not lose.
2x: This is the same as 1X but you are betting on the away side here, meaning you can only win the bet if the away side avoids defeat.
12: This type of double chance is similar to Moneyline because there is no space for a draw. However, the only difference is that you are not picking a particular team to win, meaning as long as there is a winner in the game, you will win the bet.
Which Sport has the double chance market?
Football or soccer as some countries call it is the major sport that has this market because it is one of the few sports that has draws as an outcome.
How to calculate double chance
Calculating double chance is simple. Let’s use the upcoming Premier League match between Manchester United and Liverpool.
Man Utd are the underdogs at Housebets with an odd of 3.70 while Liverpool are priced at 1.85 to get the win.
Man Utd’s double chance, which is win or draw is priced at 1.93, meaning if you put $100 on it, and the option plays out, you will get your $100 stake and $93 profit.
Meanwhile, Liverpool’s double chance is priced at 1.27, meaning if you put $100 on it and Liverpool avoid defeat, you will get your $100 stake and $27 profit.
Advantages of Double Chance
Less Risk: As stated earlier, double chance is less risky than other markets because you are betting on two possible outcomes.
Higher Winning Chance: Considering you are betting there are two possible outcomes when you bet on win or draw, you have a higher chance of winning.
Disadvantages of Double Chance
Lower Odds: Double Chance odds are lower because the risk is low compared to other markets like Moneyline and totals.
Is the Double Chance Market available at Housebets?
Yes, you can bet on double chance at Housebets. You can also bet on other markets like Totals and Handicap Markets.
How do I deposit to fund my bets at Housebets?
It’s easy and simple as long as you follow the simple steps below:
- Go to Housebets.com
- Log into your account or sign up if you don't have an account
- Click on Wallet
- Click on Deposit
- Click here to view and select your preferred Cryptocurrency
- Choose your preferred Cryptocurrency and network
- Copy the Wallet address or scan the QR code and transfer from your wallet.
- Coins will be deposited automatically after 6 network confirmations.
Why should you choose housebets?
Housebets has some of the best offers on the site and amazing bonuses including, a 200% welcome bonus and a chance to pre-mine $1M of tokens. Also, you get to enjoy easy transactions. You can deposit into your account with any preferred currency of your choice with a fast payout option on winnings.
There is a wide range of casino games to choose from. In the sportsbook section, you can also bet on live events, tennis, American Football, Soccer, Basketball, and other sports.
