Firstly, if you’re Bitcoin sports betting on the Double Chance market, there are two reasons.

• Reason number one: You are calculating and err on the side of caution. You’d rather have the best chance of winning rather than the potential of winning more.
• Reason number two: You are adding the Double Chance selection to a combo bet to have the best chance possible of landing an accumulator. Tip: Calculating the odds as you go when building ypur double chance accumulator gives you better visibility of when to stop adding legs.

Whatever way you square it, you are calculating the Double Chance option to improve the chances of your wagers with bookmakers.

What is the Double Chance meaning in relation to football online sportsbooks and NFL betting sites?

Let’s say, for example, you are watching underdogs Burnley take on the all-conquering Manchester City. You are calculating the Clarets to cause an upset but you’re not confident enough in their abilities to secure the win outright. This is the perfect example of when Double Chance comes into play at online bookmakers.

In the above example, if Burnley wins or draws the game, you win your 1X2 bet. You are adding an extra layer of security to your investment in exchange for potential returns.

Of course, there is still a chance it loses. If the outcome not covered by your Double Chance stake wins, then you will lose the bet. But the probability slants markedly in your favour.

The Double Chance market only applies to fixtures in which three results are possible. Obviously, Double Chance wagers would not work in a tennis contest, as ties are not possible.

However unlikely it may be, the tie is a possible result in basketball.

Indeed, any NBA game has approximately a 6% chance of ending as a tie - last season (2022/23), the Boston Celtics played 11 games in overtime. 

By calculating Double Chance in a basketball game, you are covering your wagers with bookmakers in the improbable event of the game ending in a tie.

Any sports offered by bookmakers that have the 1X2 market will have the option of a Double Chance market, which makes it a staple of the sportsbook’s betting output.

For those wondering what is 1X2 in betting, it is a type of betting market in which wagers are made on either team winning or the match ending in a draw. These types of wagers is commonly used in soccer and other team sports like hockey and rugby.

It’s a different way of activating bookmaker's bonuses, too. Given it is a relatively low-risk bet, it is suitable for wagering requirements, especially .