Football Double Chance Bet & Odds Explained

Football Betting Guides

Check our the best paying slots in the Top 10 Best Paying Slots


What is Football Double Chance Bet?

A double chance bet lets you use a single stake to cover two out of three results in a game. It’s as simple as it sounds!

Backing two thirds of the results will make it more likely for you to win and it can be done in the following ways:

Home win or draw (1X)
Away win or draw (2X)
Home win or away win (12)

Where to find the Double Chance Bet Odds?

Double chance bets are positioned among the various betting markets offered by sports betting sites, usually right below the Full-Time Result bets.

Simply open up the sports event you want to wager on, look at the top half of the screen and the Double Chance Bet and its odds should be right there as 2nd or 3rd option usually.

What’s the issue with Double Chance Bet Odds?

Winning on double chance bets is easier than selecting a single outcome, which is why some sportsbooks will either enhance or cut their odds compared to the what the exact odds should be.

However, it is possible to check whether or not a sportsbook is giving you honest odds for double chance betting. You can do this and check out whether you are getting a good deal or a bad deal.

To help, Gambipedia.com has provided a double chance calculator below:

The Double Chance Bet Calculator


Bookie Odds 1×2

1:

X:

2:

Bookie Double Chance Odds

1X Odds:

2X Odds:

12 Odds:

Desired winnings amount:


Result (automatic recommendation & calculations based on the odds above):

True 1X Odds (not what the sportsbook gives you):

Worth taking Double Chance 1X Odds?:

Bet the following amounts for maximum profit:
1 =

X =


True 2X Odds(not what the sportsbook gives you):

Worth taking Double Chance 2X Odds?:

Bet the following amounts for maximum profit:
2 =

X =


True 12 Odds(not what the sportsbook gives you):

Worth taking Double Chance 12 Odds?:

Bet the following amounts for maximum profit:
1 =

2 =


What’s the fomula calculate my own Double Chance Bet odds?


Here are the formulas for calculating double chance odds:

Odds of Team A or B * Odds of Draw / (Odds of Team A or B + Odds of Draw);

Quite simply, you take the odds of team A or B winning and multiply them by the odds of a draw.

You then divide that value by the odds of team A or B winning plus the odds of a draw.

But the formula changes for backing either team to win:

Odds of Team A * Odds of Team B / (Odds of Team A + Odds of Team B)

This formua requires you to multiply the odds of team A by the odds of team B before dividing that value by the odds of team A plus the odds of team B

Now let’s compare Benfica v Man Utd in the following example:
Benfica – 3.75 Draw – 3.40 Man Utd – 2.00

Calculating Benfica or draw would appear as follows:

3.75 * 3.40 / (3.75 +3.40) = 12.75 / 7.15 = 1.783

Ideally, you would want Benfica or draw odds at 1.78 or better.

Example number two will feature Benfica or Man Utd:

3.75 * 2.00 / (3.75) + 2.00 = 7.50 / 5.75 = 1.304

In this case, you should back either team to win at close to 1.30 or better.

You can always pick two selections individually if you are not happy with the double chance odds. For example, let’s look at Benfica or draw as individual bets and the goal is to win £100.

Benfica to win: £100 / 3.75 = £26.66 stake required
Draw: £100/ 3.40 = £29.41 stake required
Total stake: £56.07
Profit: £100 – £56.07 = £43.93 after subtracting wagers

Now it’s worth checking how a £56.07 stake would fare if the sportsbook offered Benfica or draw at 1.72 odds, which is lower than the 1.78 example calculated above:

£56.07 * 1.72 = £96.44
Profit: £96.44 – £56.07 = £40.37

By calculating double chance odds, you can avoid missing out on extra winnings like in the example above, where the bettor missed out on £3.56.

There are instances when you can actually get better odds with double chance, but you will not know unless you do the math.

Should I Make a Double Chance Bet?

You should make the bet when the double chance odds are not lower than their true value. In these cases, it is more profitable to place two separate bets as explained earlier. For larger stakes, the difference can be quite incredible. See for yourself in the table below:

Stake:
Double Chance Odds:
Team A Win
Draw
Profit with Double Chance
Profit with 2 separate bets
Difference:
£5.60
1.72
3.75
3.40
£4.03
£4.39
£0.36
£56.00
1.72
3.75
3.40
£40.37
£43.93
£3.56
£560.00
1.72
3.75
3.40
£403.70
£439.30
£35.60
£5600.00
1.72
3.75
3.40
£4037.00
£4393.00
£356.00

Here’s what happens when the difference is 0.16:

Stake:
Double Chance Odds:
Team A Win
Draw
Profit with Double Chance
Profit with 2 separate bets
Difference:
£5.60
1.62
3.75
3.40
£3.47
£4.39
£0.92
£56.00
1.62
3.75
3.40
£34.72
£43.93
£9.21
£560.00
1.62
3.75
3.40
£347.20
£439.30
£92.10
£5600.00
1.62
3.75
3.40
£3472.00
£4393.00
£921.00

As you can see, there are potentially enormous gains to be made when you bet with larger stakes.

Where to bet on Double Chance bets?

It’s your choice. Find the sports event you want to wager on and that you have decided you are going to use the double chance bet! Input their odds in our calculator or check them using the formula we have provided.

Compare of what the true odds should be and see if the sportsbook has enhanced them.

“Finishing” for enhanced odds pays off at the end of the month. We recommend you pick various different sportsbooks known for their high odds like intertops.eu (Popular for USA players) or pinnacle.com (Popular for UK punters).

Overall you should be placing bets wherever you get the highest odds! May be a bit more work, but as the tables above show it comes down to a massive difference, especially if your bets involve more money.

Why bet on Double Chance bets?

Because it’s just easier to get the correct outcome, especially if you are looking for a possible upset, with the underdog coming on top.

Think of it as covering every possible outcome, but the one you do not think will occur.

A lot of times you are are of the team’s overall shape and performance, you know they will do well and will not lose the game, but you are not sure what exactly they are going to achieve.

Last words on the Double Chance bets

As you can see they are well worth it for those who are willing to do the math and the little research involved. Our calculator aims to save you some time, by just plugging the numbers and seeing for yourself whether your sportsbook is enhancing or cutting the odds you should be getting.

Enhanced odds always come on top and in the long run, will net you quite more profit.

Even if no book is giving you more than they should, you can still avoid taking the cut odds, by simply placing two separate bets as show above.

This is why we recommend intertops.eu. Their display layout makes it quite easy to see what you get and what type of betting markets are available to you.

Then we simply take the odds, pop them into the calculator, and even if they are not enhanced, we place 2 separate bets to achieve the same double chance bet effect.

If you are looking for quality free sports betting tips, please visit our friends at GoonersGuide.com

Looking for more guides on similar topics? Visit our Gambling Guides page and pick whatever you find interesting

For ‘Double Chance’ bets we recommend one of the oldest books in the online business:

Overall Rating PLAY NOW!

Intertops Casino & Sportsbook

Claim up to $200 welcoming bonus

Quality online sportsbook & casino since 1996!

  • Superb high odds & big variety of sport events
  • Over 2 decades on the online sportsbook market
  • USA Players are welcome