What Is a Double Chance Bet?

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A double chance bet is a type of sports bet that allows bettors to cover two of the three possible outcomes of a sporting event in a single bet. In a typical soccer match, for example, there are three possible outcomes: home team win, away team win, or draw. With a double chance bet, bettors can combine two of these outcomes into a single bet. For instance, a double chance bet on the home team would cover both a home win and a draw. This type of bet reduces the risk of losing a wager by covering multiple outcomes, but it also reduces the potential payout compared to betting on a single outcome. Double chance bets are popular among bettors who want to increase their chances of winning and minimize their risk.

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Eamonn KeenanEamonn Keenan
Eamonn Keenan, with a Digital Arts Degree from the University of Tampa, brings over a decade of sports betting experience to his role as Creative Director at BettingHero.com. Starting with Betting Hero in the Fall of 2020, Eamonn has been deeply involved in the industry, assisting customers with major sportsbook and casino operators like BetMGM, Caesars, DraftKings, and others. A self-proclaimed sports fanatic, he has a keen interest in professional hockey, MMA, NFL, NCAAB, NCAAF, and MLB. Eamonn enjoys researching teams and players to predict game outcomes, highlighting his passion for sports betting.