How to Guarantee Decent Benefits with the Help of Double Chance Betting?

1X2 betting is the most requested option in the world of football gambling. However, it does not provide usual gamblers with the most profitable possibilities. Double Chance wagers are said to be the best alternative to both straightforward bets and Draw No Betting. The main peculiarity of betting variation under consideration is represented by the fact that punters can obtain some returns even if an event ends in different final results.

Double Chance Betting Explained

In fact, this gambling variation is a bet on two outcomes without regard to the third variant. Said differently, a gambler can place a Double Chance wager of three possible variations. They are bets on home win and draw, on away win and draw or on home win and away win. The given betting variation should not be mistaken for Draw No Betting because the latter implies a wager on a win of a team, while a draw will result in a push. Moreover, Draw No Bets are placed on much shorter odds.

How to Define Stake Amount for Double Chance Betting

As it was mentioned, this kind of betting is considered to be successful when two of three possible outcomes happen, which results in the fact that the odds are much shorter than those on usual 1X2 betting. Let us consider a hypothetical example in order to completely understand general principles of the given betting variation.

For instance, you want to place a bet on Arsenal to beat Swansea, and this outcome is estimated as 1.97. With this, you do not exclude that Swansea can show better performance than it is expected by a bookmaker. That is why you would get reinsured and place a wager on a draw (3.88). However, the given bookmaker does not provide you with the possibility to place a 0.5 handicap. So, you should place two separate bets, the first one on a win and the second on a draw. It is clear that one bet will lose, while the other will generate some benefits, and your task here is to precisely calculate stakes for any of two wagers to generate enough benefits in order to cover the expenditures for the both stakes.

Yes, it sounds difficult, but the reality is much easier. Let us imagine that you may stake $100 (Total). Now, you should stake a part of this sum on Arsenal to win, while the other part should be staked on the draw. If you know the odds on the win (Home) and those on the draw (Draw), you can use a simple formula in order to calculate stake amounts for both wagers.

Stake on home win = Draw*Total / (Draw + Home)

Having obtained the result, it is extremely simple to calculate a sum of money that should be staked on the draw.

Stake on draw = Total – Stake on home win

In order to be substantive let us use the figures from our example for the above formulas. Thus, we obtain

Stake on home win = 3.88*100 / (3.88 + 1.97) = 66.3,

and

Stake on draw = 100 – 66.3 = 33.7

Now, let us check out what the given figures mean. If we stake $66.3 on Arsenal to win, and they win, we will obtain $130 (66.3*1.97). In this case, not only we will cover the both stakes, but also we will obtain $30 of net profit. If the match is decided in a draw, we will have the same $130 of benefits. It is clear that the net profits will be the same here.

With this, you can even calculate effective decimal odds that will strictly reflect net profits for a given wager. For this, you need to divide the returns by Total. For the example above, the odds will amount to 1.3 (130 / 100).

Conclusion

Now, as you see these significant advantages of Double Chance betting, the idea of dealing with Draw no Bets or betting on a draw with different bookmakers does not seem that attractive. A clear concept of the fact how it is possible to calculate stakes for this peculiar kind of betting on the basis of odds for straightforward gambling provides punters with the most advantageous and lucrative possibilities.