What Is Double Chance Betting?
Parimatch is the premier sports betting platform where every client, novice or seasoned player, gets the best gaming experience in Nigeria. Parimatch betting website offers you a wide selection of bets on any world sporting event, where you can satisfy any of your betting needs.
At Parimatch, our clients can choose for themselves any of the presented types of bets in Nigeria. Our players receive profitable odds for betting on a variety of matches, games, tournaments, leagues, and championships.
Parimatch also takes care of users who prefer strategic bets. Double chance betting is one of the many strategies you will find on our platform, and you should definitely try it.
If you decide to bet with a double chance, then the Parimatch team has prepared this comprehensive guide, especially for you. After studying it, you will understand what double chance bets are, when it is best to use this strategy, and how to place double chance bets on Parimatch.
Double Chance Betting Tips
Thanks to double chance predictions, you can reduce the risk of your bets while increasing the chances of winning. Both beginners and experienced players like to use this type of bet as it is a great way to equalize the chances of winning. Before you start, you should learn the following:
- Double chance betting is the best solution to increase the chance of winning since you are betting on several possible scenarios at the same time.
- Given that this type of bet assumes a more likely winning, the odds, in this case, are lower. Thus, your winnings will be less than if you made a different type of bet, for example, a win draw win bet.
Double Chance Meaning
Answering the question of what double chance means in betting, such a bet is fully consistent with its name. That is, when you bet on a certain sporting event, then you have twice as many chances to get a win. But do not forget one crucial nuance, when your chances of winning increase, the odds decrease accordingly, and this, in turn, gives you smaller winnings.
This type of bet is pretty simple. Let's take as an example a soccer match where there can be three different outcomes: team A wins, team B wins, or the game ends in a draw. Thus, double chance prediction allows you to bet on two of three possible developments. So you can bet that team A will win or draw. Based on this, you will win if team A wins or draws, but if team B wins then you lose.
Let's look at a real-world example, a match between Arsenal and Liverpool:
| 1 or draw | 1.22 |
| No draw | 1.27 |
| 2 or draw | 1.81 |
In this case, Arsenal is designated by the number "1" and Liverpool by the number "2". You can bet on Arsenal to win or on their draw with Liverpool. You can also bet on Arsenal or Liverpool to win. Finally, you can predict a win or a draw for Liverpool.
If you bet on Arsenal to win or draw (1 or draw), your odds are 1.22. Thus, if you bet 50,000 NGN and your bet wins, then you will receive 61,000 NGN, that is, your profit will be 11,000 NGN. In the event of a draw between Arsenal and Liverpool, the winnings will be the same. But if Liverpool wins, you will unfortunately lose.
If you bet on the victory of one or the other team, then your bet is on the fact that there will be no draw. In this case, the coefficient is 1.27, so your profit will be 13,500 NGN.
But the very least possible outcome is a victory or a draw for Liverpool. In this case, by placing 50,000 NGN, you will receive 90,500 NGN with a profit of 40,500 NGN.
Double Chance 12, 1X, X2: What Does it Mean?
Now let's figure out what double chance 1X, X2, and 12 bets are.
Double chance 1X
A bet with a double chance 1X implies two possible outcomes: either team 1 wins or the match ends in a draw. You win in both situations. In this scenario, you can only lose if team 2 wins. Such bets are sometimes called "Team 1 will not lose".
Double chance X2
A bet with a double chance X2 means that either team 2 wins or the game ends in a draw. Thus, you will receive a win in two outcomes. And you can only lose if team 1 wins the match. Sometimes bookmakers call these bets "Team 2 won't lose".
Double chance 12
A bet with a double chance 12 is considered a winner for two scenarios when team 1 or team 2 wins. If there is a draw in such a match, your bet will lose. Such bets are sometimes referred to as "One of the teams wins".
Possible Markets for Double Chance Betting on Parimatch
Users of the Parimatch platform can make many different types of bets and use no fewer betting strategies. Thus, double chance betting at Parimatch also covers a large number of different options. Only at Parimatch, we provide our clients with a variety of betting markets where you can place double chance bets on any sport. And also, you have a unique opportunity to make pre-match, live, and virtual sports bets with double odds.
Which Sports Have a Double Chance Betting on Parimatch?
The Parimatch platform is very easy to use. To start betting with a double chance, you just need to go to the Parimatch website, and you can experience the full range of possibilities.
Only on Parimatch you can place bets on any sport you are interested in. Are you a soccer fan? Then you can bet with a double chance on the UEFA Champions League. If, for example, you like more popular sports like cybersports. At Parimatch, you can place a double chance bet on the NBA.
Place Pre-match, Live, and Virtual Double Chance Bets at Parimatch
Parimatch is a platform where sports fans can participate in all the world's sports events on one convenient website. Thanks to Parimatch, you can place bets on your favorite teams or athletes right from the couch at home. You no longer need to stand in long queues outside bookmakers and be afraid of being scammed. With us, you can be sure of the reliability of your double chance bets. If you want to bet on your favorite team with a double chance predictions before the start of the match, why not place a pre-match bet in the “Sports” section of the Parimatch website?
If you love the thrill, then double chance live bets will help you get it. The difference between a live double chance bet strategy and a pre-match strategy is based on the fact that the odds may change during the match. In this case, you need to quickly read the progress of the game, and you can improve your chances. If you know how to do this, then it will not be difficult for you to bet with a double chance at the right time and get a significant profit. If you would like to bet live with a double chance on Parimatch, go to the “Live” tab.
If you do not want to wait for the end of real matches, then especially for you on the Parimatch platform, there is an opportunity to make bets with a double chance on virtual sports. To place such a bet, you just need to go to the "Virtuals" tab on the Parimatch sports betting website.
Why Double Chance Live Betting?
Pre-match betting means that you are predicting the outcome of the game before it happens. And if you win, you simply take your winnings.
But if you make live bets then you need to focus on certain actions taking place in the match in real time. Thus, when placing live bets, you should expect that the double chance odds are constantly changing depending on what is happening on the field.
For example, if one player from team "A" is removed from the field, then the odds of double chances to win or draw team "A" will now increase since the chance of their victory has become less. The same is the case with team B. Thus, those who bet on team A before the start of the game will not be able to change their bet during the match if the team manages to win.
How to Place a Double Chance Bet on Parimatch?
Parimatch sports betting platform is specially designed for the convenience of customers. Thus, even the most remote person from technology will be able to figure out how our revolutionary website works.
After finally finding out what does double chance mean in betting, we have prepared an instruction for you on how to double chance betting on Parimatch:
- If you still do not have an account on the Parimatch platform, you need to register. In the upper right corner of the screen, find the "Sign up" button. Then follow all the instructions described there.
- After registering and making your first deposit, you can place double chance bets on Parimatch.
- Then select the item "Sport" from the menu, which will take you to a screen where a list of all sports on which you can place a bet on the Parimatch website. We have a diverse variety of sports presented to allow you to bet with a double chance. Remember: if a certain sport does not imply a draw by its rules, you cannot bet on a 1X or 2X double chance.
- When you select the sport you want to bet on, you will see a list of all available leagues held. This list shows how responsible Parimatch is in providing a variety of global sports betting in Nigeria.
- Next, select the match you want to bet on. After that, you will see the menu in which you can choose the rate you need.
- To place a double chance bet, find it in the list of available options. Select the outcome of the match you want to bet on. After that, your selection will become highlighted and appear in the Betslip tab.
- Once you have placed all your bets, go to the Betslip tab and complete the process.
- In the Betslip tab, you can make a multibet if there are 2 or more positions.
- Before finalizing, check all your bets and click the "Place Bet" button.
Benefits of Double Chance Betting
The main advantage of betting with a double chance is that the chance to win increases. Given that there are three possible outcomes, you win two out of three cases. Since you place a bet on two scenarios at once, this increases the chance of winning and explains why this type of bet is called that way.
Double chance betting for beginners is a less risky way to practice your sports betting progress.
Experienced players often make a double chance bet on the losing side. Let's imagine that Chelsea has to play a match in the UEFA Champions League. But before that, they will have a match with Porto. In this case, Porto has a better chance of winning as Chelsea retains the best squad for the UEFA match. But instead of betting everything on the loser, you can bet with a double chance of a loser and for example, a draw to reduce the risk of losing. This is why analytics emphasize what does double chance mean in betting.
Disadvantages of Double Chance Betting
The disadvantage of double chance bets is the lower odds, as the risk is lower than in the case of regular bets. Considering that your chance of winning is greater than in normal cases, your winnings will be less than on higher-risk bets. This is important to consider if there is a clear favorite because it is better to bet on the winner than to divide the bet between the winner and the draw.
Advantages of Betting With a Double Chance on Parimatch
Parimatch can boast a huge selection of bet types, reliable customer service, and is the most user-friendly app in Nigeria.
- A handy sports betting website
Parimatch sports betting website is the easiest to use and allows you to bet on any sporting event around the world. Parimatch thinks about its users, so even a beginner can use the platform effectively. Our website is compatible with different devices from smartphones to desktops, and you don't even need to leave your home to make deposits and double bets.
- Widest selection of double chance betting in Nigeria
Thanks to Parimatch, each of our visitors can place a bet on any sport. We offer you double chance bets on a wide variety of sports from football to basketball and tennis. You can also place bets on several sports at the same time using the capabilities of the Parimatch website at 100%.
- 24/7 double chance bets
Parimatch sports betting platform allows our clients to place double chance bets anytime, 24 hours a day, 7 days a week. It happens that you cannot watch the game you need live, then you have the opportunity to make a pre-match bet.
- Unparalleled customer service
Parimatch provides customers with high-quality service, so our customer support department is ready to answer any of your questions 24/7. You can contact us by email, or using a convenient messenger (for example, WhatsApp or Telegram).
How Does Parimatch Calculate Double Chance Odds?
As you already understood, the odds on double chance bets are lower than on regular bets. This is because your chances of winning are doubled if you make such a bet. But calculating such odds is more difficult than just having the odds. Still, this is not the most difficult task.
Double chance odds can be calculated by multiplying two outcomes of separate bets. Next, you need to divide the resulting number by the added one, for example:
Team A win or draw = Team A win odds * Draw odds / (Team A win odds + Draw odds)
Would It Be More Profitable to Place Two Separate Bets?
First, you need to remember that you cannot place bets on different outcomes of the same match. This option is not available because it is considered cheating.
Well, let's imagine for a minute what would happen if such an alignment were possible. For example, take the Juventus vs Real Madrid match.
1X2 bet:
| 1 | 2.65 |
| Draw | 3.55 |
| 2 | 2.55 |
Double chance bet:
| 1 or draw | 1.47 |
| No draw | 1.28 |
| 2 or draw | 1.43 |
In this case, the probability of Juventus winning is 2.65, the chance of Real Madrid winning is 2.55, and the possibility of the match ending in a draw is 3.55. Let's say you decided to place a bet for 100,000 NGN. If the winner is clear, you should place a single bet. But if you do not want to risk it, it is more advisable to bet on several outcomes (for example, on a win or a draw of Juventus), a double chance bet will bring more profit.
For example, you bet on Juventus to win or draw. You need to divide your 100,000 NGN into two bets of 50,000 NGN. So you place one win bet at 2.65 odds and another draw bet at 3.55 odds. If Juventus draws your winnings will be 175,500 NGN. But now you need to subtract the 100,000 NGN bet amount and you will get 75,000 NGN profit.
If Juventus wins, you will receive 132,500 NGN, which is equal to 32,500 NGN of your profit.
Now let's imagine that you made a bet with a double chance of winning and a draw with Juventus with odds of 1.47. If you bet 100,000 NGN then if Juventus wins or draws you will receive 47,000 NGN.
Thus, we can conclude that double chance bets are more profitable and safer for you. Here you can balance the losers, but do not forget to compare the odds of single and double bets to make sure that the trade is profitable.
Double Chance for Experts or Newbies?
Double chance betting is a fairly straightforward strategy. Such bets are usually accompanied by high odds and involve less risk than other types of bets on Parimatch. Therefore, this type of bet is often used by beginners. And since the income from such bets is less, experienced players do not often worry about low odds.
But at the same time, experienced players believe that making several bets with lower odds but with good chances of winning is a sensible idea. In this case, low odds are compensated by the opportunity to get a big win. Sports betting experts understand that double-chance betting is a less risky decision and a good opportunity to generate consistently high returns.
Double odds betting works for you in case of unequal winning chances of teams or when you bet on the loser. It is in such cases that you can place double chance bets to increase profits over standard bets.
Double Your Chances With Parimatch
Once you've learned all about double chance betting, it's time to start winning. If you are in doubt about whether such bets are suitable for you, you should decide whether you agree to a smaller win with a high chance of winning. If this option suits you, then double chance bets are exactly what you need.
Visit our revolutionary sports betting Parimatch website now and immerse yourself in the exciting world of a variety of double-chance betting on any sporting event in Nigeria and around the world. Register for Parimatch now, and you will receive a welcome bonus!