Double Chance Meaning in Betting: A Winning Strategy Explained

In sports betting, risk management is key to long-term success. One of the most popular ways to reduce risk while still enjoying profitable odds is by using the double chance betting market. This wager type allows bettors to cover two possible outcomes instead of just one, increasing their chances of winning.

If you're new to betting or looking for smarter strategies to maximize your wins at OKBet, this guide will explain everything you need to know about double chance betting, including the different options: 12, 1X, and 2X.

What is Double Chance Betting?

Definition of Double Chance in Betting

Double chance betting is a type of wager that allows you to bet on two out of three possible outcomes in a match. This increases your chances of winning compared to traditional 1X2 betting, where you can only bet on one outcome.

A standard sports match, such as a football or basketball game, has three possible results:

1. Team A wins (1)
   
2. The match ends in a draw (X)
   
3. Team B wins (2)
   

With double chance, you combine two of these outcomes into a single bet, making it easier to win but at slightly lower odds.

Why Choose Double Chance Betting?

• Increased Winning Probability – Instead of betting on one outcome, you cover two.
  
• Great for Underdogs – A good option when betting on teams with uncertain performances.
  
• Ideal for Risk-Averse Bettors – Reduces the risk of losing bets.
  
• Works for Live Betting – Helps you secure profits while watching the game.

Increase your chances in Live Betting

Double Chance 12, 1X, and 2X Meaning

When using the double chance market on OKBet, you will see three betting options:

1X (Home Win or Draw)

• You win if Team 1 (Home Team) wins OR the match ends in a draw.
  
• You lose only if Team 2 (Away Team) wins.
  
• Best used when the home team is strong or playing defensively.
  

2X (Away Win or Draw)

• You win if Team 2 (Away Team) wins OR the match ends in a draw.
  
• You lose only if Team 1 (Home Team) wins.
  
• Useful when betting on underdogs who might force a draw or secure an unexpected win.
  

12 (Home Win or Away Win – No Draw Option)

• You win if either Team 1 or Team 2 wins the match.
  
• You lose only if the match ends in a draw.
  
• This is a great option for matches where a draw is unlikely, such as high-scoring leagues.
  

How to Use Double Chance Betting on OKBet

Step 1: Sign Up and Log In to OKBet

To start betting with double chance, first create an OKBet account and log in.

Step 2: Navigate to the Sportsbook

Find the sports betting section and choose the match you want to bet on.

Step 3: Select the Double Chance Market

Look for the double chance betting option (1X, 2X, or 12) in the match odds.

Step 4: Place Your Bet

Enter your stake amount and confirm your bet. OKBet will calculate your potential payout instantly.

Step 5: Watch the Game and Enjoy

Since you've covered two outcomes, your chances of winning are higher than in a regular bet!

When to Use Double Chance Betting?

For Betting on Underdogs

If an underdog team is in good form but might not win outright, a 2X bet ensures you still win if they manage a draw.

For Close Matches

When two equally strong teams play, a 12 bet is useful because it eliminates the risk of a draw.

For Safe Betting Strategies

If you want consistent wins rather than high-risk bets, 1X or 2X bets reduce your chances of losing.

Pros and Cons

Pros:

Higher chances of winning
Great for betting on underdogs
Ideal for defensive teams

Cons:

Lower odds compared to single bets
Not as profitable for favorites

Take Your Chance to Win on Double Chance

Double chance betting is a fantastic strategy for increasing your chances of winning while managing risks effectively. Whether you choose 1X, 2X, or 12, this type of bet allows you to stay in the game longer with more chances to win.

For the best experience, bet with OKBet, a trusted and reliable sportsbook that offers competitive double chance odds. Try it today and enjoy a smarter way to bet!

FAQs

1. How is double chance different from draw no bet?

Double chance covers two outcomes, while draw no bet refunds your stake if the match ends in a draw.

2. Can I use double chance in live betting on OKBet?

Yes! OKBet offers live double chance betting, allowing you to adjust your bets during the game.

3. Does double chance apply to all sports?

It is mainly used for football (soccer) and some basketball games but may be available in other sports too.

4. Is double chance worth it for big favorites?

Not always, because the odds will be very low. It’s better used for underdogs and balanced matches.

5. What is the best strategy for double chance betting?

Bet on teams that play defensively or rarely lose (but might draw) for maximum advantage.

6. Can I combine double chance with other bets?

Yes! You can include it in parlays or accumulators for bigger potential payouts.