At Parimatch, we’re committed to bringing our customers the top wagering experience in Africa. Offering wagering access to worldwide sporting events, the Parimatch betting app is a state-of-the-art platform designed for all your betting needs.
To offer our customers the most extensive selection of betting options in Tanzania, we give our users a choice of odds and bets to place on a wealth of games, matches, tournaments, championships, leagues, and more.
For those who like to bet strategically, Parimatch is on your side. The double chance wager is just one of the many betting strategies offered on the platform — and certainly not one to miss!
If you want to know how to bet double chance, we’ve prepared this handy guide to this simple sports betting strategy. This gives you the meaning of double chance wagering while also explaining when it’s appropriate to use this strategy and how to place a double chance wager on Parimatch.
Contents
Quick Tips on Double Chance Betting
Double chance stakes are a great way to lower the risk of your bets, increasing your chance of getting a lot of money. Used by every type of sports bettor, from beginner to expert, double chance staking is not only a great way to mitigate risk, but it’s also super simple to get your head around. Before you get started, bear these things in mind:
- Double chance wagering is one of the best ways to mitigate risk, increasing the chance of winning on your bet, as you are betting on two outcomes simultaneously.
- As it’s easier to win double chance stakes, as you have double the chance, the odds are lower. This means returns are lower than with other similar bet types, such as moneyline bets.
What Is a Double Chance Bet?
A double chance stake does exactly what it says on the tin. If you’re placing a wager on a sporting event, you have double the chance of victory. It is essential that you understand that while there is double the chance of victory, this decreases the odds, giving lower returns.
It works pretty simply. Imagine a football game with three outcomes: team A wins, team B wins, or there is a draw A double chance bet allows you to bet on two of the three outcomes. For example, you could bet that the home team wins or draws against the away team. If team A wins, you get paid, if team A draws, you get paid. If team B wins, you don’t get paid.
Let’s take a real-world example. Look at the football match below between Wolverhampton Wanderers (Wolves) and Aston Villa (Villa):
| 1 or draw | 1.22 | No draw | 1.27 | 2 or draw | 1.81 |
Wolves are indicated with “1” and Villa by “2”. Bets can be placed by choosing Wolves to win or draw. Alternatively, you can predict that Wolves or Villa to win (but no draw). Or lastly, you can place a bet on Aston Villa to win or draw.
For those betting on Wolves or draw (“1 or draw”), the odds are 1.22. This means if you were to bet 50,000 TZS and the Wolves win, you’d get paid 61,000 TZS — a profit of 11,000 TZS. If the Wolves draw, this would be the same. If Villa wins, you’d lose your 50,000 TZS stake.
If you bet on either Wolves or Villa to win, you betting that there won’t be a draw. The odds are 1.27, meaning you’d turn a profit of 13,500 TZS if there isn’t a draw.
While less likely, Villa’s win or draw would reward bettors with a tidy profit of 40,500 TZS on a 50,000 TZS bet.
Possible Markets for Double Chance Betting on Parimatch
Parimatch rewards its users with a range of diverse betting options, both in terms of sports events and betting strategies. For double chance wagers, there are myriad options on the Parimatch platform. You can choose one of many possible double-chance betting markets that enables you to place a wealth of double-chance bets on the Parimatch app, crossing all sports. We also enable double chances in live, pre-match, and virtual sports betting!
Which Sports Have Double Chance Betting on Parimatch?
One of the best things about Parimatch is just how simple the platform is. For those seeking out our double chance stakes, it’s easy to hit the Parimatch app to grasp the breadth of options for yourself.
No matter which sports you’re interested in, Parimatch provides options for double-chance wagering. Are you a fan of ice hockey? Why not place a double chance stake in the NHL?
Maybe you’re a soccer fanatic? Don’t worry. We have plenty of football double-chance wagers.
Or perhaps you’re a fan of more gentlemanly sports, like rugby. Bet using the double chance strategy on the English Rugby Union Premiership using Parimatch.
Alternatively, why not consider a more European twist by placing a double chance stake on handball?
Place Pre-Match, Live, and Virtual Double Chance Bets on Parimatch
Parimatch is a dynamic platform that enables 21st-century sports fans to engage with various global events all in one place. Placing bets digitally means you can enjoy betting on Parimatch without ever leaving the comfort of your own home! No more lines at the bookmakers, Parimatch covers all your double chance wagering needs. If you’d like to place a double chance stake on a sporting event before the match, why not place a pre-match bet in our “Sport” section on the Parimatch platform?
For those who like the thrill of the chase, live double-chance wagering can spice things up. Where live double chance wagering differentiates from pre-match betting is that the odds change with the match’s action. In this respect, if you want good odds, you must catch them quickly and read the game as it places out. If you do this well, you can place your double chance stake right at the correct moment to reap better returns. Parimatch’s innovative betting platform provides access to live double chance wagering in our “Live” section.
If you can’t get enough of Parimatch’s double chance stake, our state-of-the-art betting platform enables users to indulge in double chance virtual sports betting. Delve into virtual sports and place a double chance stake in games without waiting for the real thing! Head to the section marked “Virtual” on the Parimatch sports betting app to access global virtual sports double chance stakes.
Why Place Live Double Chance Bets?
Pre-match betting enables you to place a bet on the game before it happens, forget about the bet, and claim your winnings if the outcome turns out correctly.
Live betting, however, is a far more action-packed form of betting. When you bet live, you’re using the action in real-time to determine where to place your bets. As live bets happen in real-time, the double chance odds constantly change with what’s happening in the match.
For example, imagine that Team A’s goalkeeper is sent off in the first half. The double chance wagering odds for a Team A win or a draw will now soar, as a Team A win is far less likely. Conversely, Team B or draw will decrease as this is more likely. Those who placed a pre-match bet on Team A wouldn’t be able to benefit from these fluctuations in odds if Team A managed to win by a miracle!
How to Place a Double Chance Bet on Parimatch
While Parimatch prides itself on being a state-of-the-art global betting app, we’re extremely customer-conscious. In this sense, we’ve designed the platform to be user-centric, making it easy for even the biggest technophobes to master!
Here’s a step-by-step guide to double bets on Parimatch:
- First off, if you don’t have a Parimatch betting account, you’ll need to sign up. You can register by heading to the Parimatch app or the official website. Click on the “Sign up” button at the top of the screen. Follow the instructions from here, and you’re good to go.
- Once you’ve signed in and made a deposit, you’re ready to make a double chance stake on Parimatch.
- Click the “Sport” option in the menu. This will lead to a screen that displays all the available sports on Parimatch. Most of these sports (listed above) offer double-chance wagering. Double chance staking is not offered if a draw is not a possible outcome.
- After choosing a sport, you will see a list of all the available countries where sports events are occurring. This long list demonstrates Parimatch’s dedication to providing Africa’s widest diversity of global sports bets.
- Click the country where your preferred match is occurring. By clicking the country, a dropdown menu will provide the array of tournaments, leagues, cups, friendlies, and championships on offer to bet on in that particular country.
- Click the tournament, cup, championship, or league on which you’d like to place your double-chance stake. This takes you to a landing page showcasing all the available bets for this particular event.
- Select the match you’re interested in betting on. You’ll be led to the match’s betting page when you click it, complete with all the available wager options.
- To place a double chance bet, scroll down to find “Double chance”. Select the outcome you’d like to bet on. The square will turn highlighted, and a number will appear in the bet slip.
- Once you’ve placed all your bets, head to the bet slip and finalize your bets.
- In the bet slip, you can place a parlay bet if you have 2 or more wagers.
- Check all your bets, and scroll down to click “Place bet” to finalize.
Advantages and Disadvantages of Double Chance Betting
Advantages:
The first and most apparent advantage of double chance wagering is that the chances of your victory are dramatically increased. While there are three possible outcomes, you are likely to win 2 out of the 3 times, decreasing the risk of loss. As you are betting on two possible outcomes at once, this increases the likelihood of your victory and explains the name “double chance” bet — as you have double the chance!
Double-chance wagering is a far less risky strategy and a great way for beginners to get their feet wet with online sports betting.
More experienced bettors can leverage double-chance wagering to bet on underdogs. Imagine that Man U is going to play a big UEFA Champions Cup game on Monday. However, on Friday before, Man U is playing Wolves. While Wolves may usually be considered the underdog, the likelihood is that Man U will play a lesser team against Wolves. This is because they’ll save their top lineup for the UEFA game. In this sense, the Wolves have more chance of winning. Rather than betting everything on the underdog, however, you could place a double chance bet, supporting the underdog and choosing a second outcome to somewhat mitigate the risk.
Disadvantages:
The main disadvantage of double chance wagering is that the odds are low as the risk is lower than with single bets. As you are more likely to win than with single bets, your returns are relatively small compared to riskier wagers. This is an essential thing to consider when the math looks as though it will be one-sided. If there is a clear favorite, you’re usually better off betting on the favorite rather than splitting the bet between the favorite and a draw, for example.
Benefits of Double Chance Betting on Parimatch
As the most dynamic betting platform in Africa, Parimatch prides itself on its wealth of diversity, unparalleled customer service, and state-of-the-art app.
- User-friendly sports betting app
Parimatch has built a state-of-the-art intuitive Android/iOS app that enables users to bet on matches and tournaments worldwide. Designed with users in mind, the app is extremely simple to use, even for beginners. It’s easy to download, and the Parimatch betting app lets you deposit into your account and place double chance stakes straight from your smartphone or tablet.
- Broadest Range of Double Chance Bets in Africa
Parimatch is dedicated to bringing our customers the widest range of sports for betting online. We offer double chance stakes on a wealth of sports, from handball to soccer to hockey. If you like to spread your bets across a series of different sports, the Parimatch betting app enables you to wager on double chance bets across the whole sporting spectrum.
- 24/7 Double Chance Bets
As our platform is designed to provide our customers with betting options whenever, wherever, we have double chance bets on offer any time of the day or night. If you can’t catch your game live, try placing a pre-match bet or heading to the virtual sports betting section of the Parimatch app.
- Unparalleled Customer Service
Committed to ensuring our customers have a top-quality sports betting experience, Parimatch’s customer support department is always on hand to help. Available 24 hours, 7 days a week, reach the Parimatch support team via Telegram, WhatsApp, telephone, email, or on our live chat feature.
How Does Parimatch Work Out Double Chance Odds?
As you have probably noticed, the odds on double chance bets are significantly lower than those of single bets. This is because you have double the chance of winning when placing a double-chance bet. However, calculating these odds is a little more complex than halving the odds. That said, it’s not too tricky!
To work out the odds of a double chance bet, you take the odds of the two outcomes as separate bets and multiply them together. Next, take the odds of the 2 outcomes and add them together. Now divide the multiplied number by the added number like this:
Team A wins or draws = Team A odds * draw odds/ (Team A odds + draw odds)
Would it Be More Profitable to Place Two Separate Bets?
First, you should know that you can’t place two bets on different outcomes of the same event. That would be cheating, right? That’s why this option is not available.
Still, let’s imagine what would happen if this had been possible. Take this example of Norwich City vs. Watford FC.
1×2 bet
| 1 | 2.65 | Draw | 3.55 | 2 | 2.55 |
Example of a double chance bet
| 1 or draw | 1.47 | No draw | 1.28 | 2 or draw | 1.43 |
The odds that Norwich will win are 2.65, a Watford win is 2.55, and a draw has odds of 3.55. Imagine that you want to place a 100,000 TZS bet. If the game is one-sided, placing a single bet makes sense. However, if you want to mitigate the risk by spreading your bets across two possible outcomes (e.g. a Norwich win or a draw), a double-chance bet is more profitable.
Imagine you’re betting on Norwich to win or for a draw. You split your 100,000 TZS into two 50,000 TZS bets. You place one bet on Norwich at 2.65 odds and a 50,000 TZS bet on a draw at 3.55 odds. Say that Norwich draws, and you’ll win 177,500 TSZ. However, deduct the original 100,000 TSZ stake to work out your profit, leaving a profit of 77,500 TZS.
Say that Norwich wins, on the other hand, you’ll only receive 132,500 TZS. leaving a profit of 32,500 TZS.
Now consider that instead, you place a double chance bet on Norwich to win or a draw. The odds are 1.47, and you place 100,000 TZS on these outcomes. Whether Norwich wins or draws, you’ll win a profit of 47,000 TZS.
As you can see, double-chance betting works in your favor to balance underdogs, but it’s essential to compare the odds of single and double bets to ensure you’re getting the best deal.
Explore Other Betting Types at Parimatch
If you are looking for other available types of bets on our website, here are a few popular choices among our players:
- Half-time/full-time
- Handicap
- Asian Handicap
- 1Ă—2 (3-way)
- Moneyline (to win)
- Total (over/under)
- Both teams to score
- Draw
- No draw
- Odd/even
- Correct score
- Late goals
Is Double Chance for Experts or Beginners?
Double chance is a relatively simple technique. As it gives you higher odds than placing a single bet, double chance wagering has far lower risk than other wagering strategies on Parimatch. In this sense, it’s often seen as a strategy used by beginners. Equally, as the returns are relatively low, it’s less common that very experienced bettors bother with such low odds.
That said, some experienced bettors believe that placing lots of low-odds bets with high stakes is wise, as you have more chance of winning. In this sense, it doesn’t matter that the odds are low because the stake you place is high, so the profit will reflect this. Expert bettors realize that they can make safer bets with the double chance wagering and therefore leverage this to place less risky bets with high stakes for booming returns.
Double-chance betting can work in your favor when the odds are imbalanced, or you’re attempting to bet on the underdog while mitigating risk. In these cases, expert sports bet-makers may use double-chance betting to increase their returns compared to single betting.
Double Your Chances with Parimatch
What are you waiting for? Now that you know the double chance in betting, it’s time to practice. If you’re wondering whether double-chance bets are for you, ask yourself if you’re happy with slightly lower returns for a higher chance of winning. If this is the case, double-chance betting is for you.
Alternatively, ask yourself if you’d like to place a bet on the underdog but would like to alleviate a little of the risk. Again, if this is a yes, try to bet double chance. If this doesn’t sound like you, ask yourself if you can afford to place high stakes as long as the chance of winning is higher. Is this you? If so, double-chance bets are also for you!
The Parimatch platform has many bonuses for new customers, so you can make free bets. Bet credits stake (or free bet stakes or qualifying bet) lets you place bets without spending cash.
Download the Parimatch sports betting app today to access our diverse range of double chance bets, from soccer to handball! Don’t miss out on the widest selection of double-chance bets in Africa, sign up today!
FAQ
What is Double chance mean in betting?
Double chance in betting refers to a bet on two out of three possible outcomes of a sporting match. The double chance probability has a 66.6% rate on the prediction. You will know this prediction through the signs 1X, 2X, and 12.
Is Double chance good in betting?
A double chance in betting can be good if you want to win games between two open teams. For instance, a double chance bet at home and away team increases your winning chances especially when the teams score multiple goals but fewer draws,
What does double chance 2x mean?
The double chance 2X refers to a second team or player winning or drawing. This means the players get two chances to win on the wagers – at home or away games. Typically, the outcomes are a home team win, an away team win, or a draw.