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Soccer Double Chance Betting Explained PDF Print E-mail
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Sunday, 23 January 2011 10:44
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Soccer Double Chance Betting Explained

BETTING ADVICE - 'Double Chance' is the term used by bookmakers to describe the bet they offer which allows you to bet on a team to win or draw. In effect, the bookmaker is reducing the number of outcomes in a football match to 2 from 3. So Double Chance is exactly that: by striking only one bet you have a double chance of winning.

Basically the Double Chance bet has only two outcomes in any one match. You either back the home team to win or draw, or you back the away team to win or draw. You will win if the team you have backed wins or draws. The price for Double Chance is quite easily worked out by converting the win odds and draw odds into percentages, adding those percentages together and re-converting the percentage back into odds. Take as an example the following game:

Home team 13/8
Draw 9/4
Away team 7/4

Expressed as percentages, those odds are:

Home team 38.1%
Draw 30.8%
Away team 36.4%

So, if you want to bet the Double Chance with the home team your chance of winning will be 38.1 + 30.8 = 68.9%. Expressed as odds, this is approximately odds of 4/9. The Double Chance with the away team would be 30.8 + 36.4 = 67.2%, which expressed in odds is approximately 1/2.

Simple!
 

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