What Is Double Chance Betting in Cricket? (2024) Last Updated: September 5, 2024 Double chance in betting is a low-risk gambling strategy, whereby you back two outcomes when there is a trio of results possible from a three-way bet (1X2). In this article, you will learn what is double chance in betting, with examples of how this kind of bet works in cricket. We also explain the best approaches to utilising this type of wager to try to safeguard your stake. MOST IMPORTANT INFORMATION Double chance in cricket meaning How to convert 1X2 odds to double chance Double chance betting tips Quick links What Is Double Chance in Betting? Double Chance vs. 1X2 Double Chance vs. Draw No Bet (DNB) Double Chance Betting in Cricket How To Deduce True Double Chance Odds From 1X2 Sports Suited to Double Chance Betting Double Chance in Betting — Tips & Strategies Double Chance Betting in Cricket — Is It the Right Strategy for You? Double Chance in Betting: Advantages & Disadvantages CricketBettingAdvice Final Say What Is Double Chance in Betting? With this kind of wager, you secure two of the three match scenarios — home team wins or draws; away team wins or draws; home and away teams win — with just one stake, effectively hedging your bets. Although this bet entails low risk, keep in mind that the odds (and therefore potential returns) are also considerably lower than standalone bets. This is what a double chance bet means with top international online bookmakers: DOUBLE CHANCE TYPEBOOKIES SYMBOLYOUR BET WINS WHEN? Home team wins or draws1XHosts win or draw Draw or away team winsX2Visitors win or draw Home team or away team wins12Either team wins Double Chance Bet in Cricket Example Consider a Test match between hosts India and visitors New Zealand: 1. Double Chance 1X Your bet wins if India wins or draws against New Zealand, but your wager loses if New Zealand wins. 2. Double Chance X2 Your bet wins if New Zealand wins or draws against India, but you lose if India wins. 3. Double Chance 12 Your bet wins if either India or New Zealand wins, but you lose if they draw. MAKE YOUR ACCOUNT TODAY Visit Site DOUBLE CHANCE BET IN CRICKET: QUICK ROUND-UP Note that a double chance market in cricket is relatively difficult to come by; it’s most commonly found in football. Placing such a bet on cricket only makes sense if there’s an inherent possibility of a draw. Therefore, it is the most applicable and relevant in the longest format of the sport: Test cricket, followed by ODIs and T20Is. The IPL is one of the biggest cricket leagues where you can find this kind of bet, as many fixtures go down to the wire and often finish in a draw. While the double chance market is much safer than the three-way 1X2, there’s a trade-off involved here: double chance odds will always be significantly lower than 1X2 odds. So, while this kind of wager in cricket acts as a cushion that helps you bet on two outcomes (home win or draw; away win or draw; home or away win) with just one stake, the potential winnings are also smaller. Double Chance vs. 1X2 With the traditional 1X2 market, you are essentially securing just one match outcome, whereas a double chance wager is a two-in-one bet. What does this mean exactly? With the 1X2 bet, you can back only one outcome: a home win (1), a draw (X), or an away win (2). This means the 1X2 market gives you only a one-in-three chance of being successful. With a double chance bet, however, you can secure two match outcomes with one bet, meaning your bet would win if the hosts won or drew (1X double chance), or the visitors won or drew (X2 double chance), or either the hosts or visitors won (12 double chance). The notable difference is that the odds on a double chance market will always be significantly lower than 1X2. Double Chance vs. Draw No Bet (DNB) A Draw No Bet (DNB) is one of the best alternatives to double chance betting. With a DNB, you only back a home or an away win, and get a refund of your stake if the match finishes as a draw. The difference between the two wagers is solely in the way a drawn match is treated. A DNB eliminates the possibility of a draw, refunding your stake if the game ends in a stalemate. However, in the double chance betting market, you lose your bet if you have gone for the 12 double chance and the game ends in a draw. Double Chance Betting in Cricket Suppose you’re betting on the IPL game between the Kolkata Knight Riders and Chennai Super Kings. As previously mentioned, double chance cricket odds will be lower than the 1X2 market because of the reduced risk quotient. The double chance odds for the three combinations are given below: 1X double chance (KKR to win or draw): 1.25 X2 double chance (CSK to win or draw): 1.50 12 double chance (either KKR or CSK to win): 1.10 Now, let's assume your double chance stake is ₹500. Here’s how the potential returns will look for any of the three match outcomes: MATCH OUTCOME1X DC RESULTX2 DC RESULT12 DC RESULT KKR winsWin (pays out ₹625)Lose (-₹500)Win (pays out ₹550) DrawWin (pays out ₹625)Win (pays out ₹750)Lose (-₹500) CSK winsLose (-₹500)Win (pays out ₹750)Win (pays out ₹550) How To Deduce True Double Chance Odds From 1X2 What if your preferred bookmaker doesn't offer too many double chance markets for cricket? That's a real possibility, considering this low-risk, low-return wager is most commonly found in football. Even if you do get a dedicated double chance market on a cricket match of your choice, must you stick to that, or can you calculate the true odds from the 1X2 market and work out the optimum stake accordingly? It's indeed very much possible to deduce the true double chance odds yourself straight from a bookie's 1X2 odds. Here's how to go about it: Step 1: Convert 1X2 odds into true double chance betting odds. Step 2: Calculate your own stake size. Let’s go step-by-step and understand with examples. Step 1: Convert 1X2 to Double Chance Odds Since there are three possible outcomes to bet on: 1X, X2, and 12, there are three separate formulae to calculate odds for each. 1X Double chance: [home odds * draw odds] / [home odds + draw odds] 12 Double chance: [home odds * away odds] / [home odds + away odds] X2 Double chance: [draw odds * away odds] / [draw odds + away odds] Suppose India is taking on England at home. The 1X2 odds are: 2.07 (India to win), 3.93 (draw), and 2.90 (England to win). Now, applying the above formula, you calculate the following double chance betting odds: 1X Double chance: [home odds * draw odds] / [home odds + draw odds] = 1.36 (approx.) 12 Double chance: [home odds * away odds] / [home odds + away odds] = 1.21 (approx.) X2 Double chance: [draw odds * away odds] / [draw odds + away odds] = 1.67 (approx.) Step 2: Calculate True Double Chance Stake Let's go back to the example above. You have calculated true double chance odds and have reason to believe that India are definitely the favourites to win the game, but England might just pull off a draw. You wish to bet with a ₹500 stake. Step 1: If the market were available, you would have gone for the 1X double chance in this case and won ₹680 [1.36 * ₹500], earning a profit of ₹180 [₹680 – ₹500]. Step 2: But all you have is the three-way 1X2 wager, and so you must spread this ₹500 stake over India winning and a draw to receive the same payout as a usual double chance bet. Step 3: Simply divide the total payout of ₹680 by India’s 1X2 odds = ₹680 / 2.07 = ₹328 to be used on India to win. Step 4: This leaves you with a stake of ₹172 [₹500 – ₹328] to use on the draw at another bookmaker. Step 5: Now, if India wins, your returns will be ₹328 * 2.07 = ₹679 approx., therefore profit = ₹179 [₹679 – ₹328 – ₹172 stake on the draw]. Step 6: Likewise, if the game ends in a draw, your returns = ₹172 * 3.93 = ₹676 approx., therefore profit = ₹176 [₹676 – ₹172 – ₹328 stake on India to win]. Sports Suited to Double Chance Betting Double chance bet markets are not available from all bookmakers. However, some of India's leading online betting apps provide this market for certain top leagues and tournaments where there is the probability of a match ending in a draw. You can use this type of bet on multiple team sports, especially cricket, field hockey, football, and kabaddi, where the possibility of a draw is very much there. The possibility of cricket matches finishing in draws is scarce for white-ball formats (ODIs and T20s). It is the contests that are scheduled for at least three days and five-day Test matches, where the probability of finishing all square is fairly high, and therefore a double chance bet can be considered. That said, a double chance wager is ideal in football, as there are always three possible results over 90 minutes, and those outcomes can have vastly varying odds. Most bookmakers currently do not include extra time in the knockout stages of a football tournament. Therefore, should you back a team to win or draw, you can still win your double chance wager, even if they lose after the extra-time phase. Double Chance in Betting — Tips & Strategies Double chance in betting significantly mitigates your risk of losing by covering two of the three possible outcomes in a match. There are several ways in which you can use this wager and hope to boost profitability despite the lower odds. In this section, we’ve described in detail three strategies that you can apply: 1. Pair Double Chance With Accumulator Bets As mentioned earlier, double chance selections have much lower odds than 1X2 markets because of the lower risk factor, as you're backing two different outcomes with a single stake. So, in order to improve the potential ROI on your stake, you can roll your double chance bet into an accumulator, which is a single wager that comprises at least two selections. The odds are multiplied for each pick, so even with unfavourable individual prices, the more you add to your accumulator, the higher your potential winnings. Not only will the odds for a combined wager provide far better value, but you can also boost your chances of winning. Smart betting is essentially about finding opportunities, and the more betting markets you are open to, the more chances you create of finding a market you think is the right pick. In the screenshot below from Dafabet, you can see two football bet selections rolled into an accumulator with a double chance bet on cricket, which when combined, provide superior value. (Source: Dafabet) 2. Bet on Underdogs A common mistake bettors make on any team sport is not paying enough attention to the opposition. It is natural for punters to have more knowledge of the team they support, but if you want to enjoy a successful bet, it needs to be made on the match as a whole. The more you know about the other team, the better equipped you are for a potential winning wager. During your research, you can unearth some cricket betting stats, which may encourage you to back the underdog. You are choosing to back a long shot, unless the outsiders have recently shown signs of improvement or managed a handful of shock results. In Test cricket, for instance, where there is a clear possibility of a draw, a double chance wager gives you two options: you can place a 12 double chance (for either team to win) or decide to bet on the weaker team or a draw. That said, it is absolutely imperative that you carry out thorough and painstaking cricket analysis — factor in whether the pitch conditions are favouring batters or bowlers, if the weather could force a draw prematurely, and also look at the projected line-up. A Test match could be a long-drawn-out encounter or all over swiftly. Draws have been a rarity of late, possibly due to a bolder batting approach and the influence of T20 leagues. Test matches are often complex and rather unpredictable, which is why live betting can be used to hedge your bets. In the screenshot below, the Pakistan vs. Bangladesh Test match shows the hosts are strong favourites with low odds of 4/7 (1.57), with Bangladesh underdogs priced at 6/1 (7.00). (Source: Dafabet) 3. Factor in All Last-Minute Developments Cricket is a team sport, but impact-making players are very much necessary in every dressing room. A team’s spirit can go up in flames if a key player sustains a last-minute injury, as that can affect the side’s morale and ultimately, performance on the pitch. Similarly, the buzz and momentum can evaporate all too quickly if a key player is rested at the last moment. Imagine India is playing Pakistan in the ODI World Cup, and Virat Kohli sustains an injury in the final moments leading up to the game. In such a situation, it’s good to use a 12 double chance bet as you’re unsure about which Indian cricketer could be as impactful, and there’s also the chance of Pakistan capitalising on Kohli’s injury and winning the game. Likewise, live betting will prove useful, as you can read the team’s body language after this sort of blow. 4. Think About How Much Is at Stake Double chance in betting is profitable as it increases the likelihood of your wager winning by backing two different outcomes with a single stake. To work out where the best value lies, you need to look at the double chance odds from the 1X2 market. Now, suppose you're betting with high stakes in the three-way 1X2 market. In this case, a losing wager can prove extremely costly, as you lose the entire stake. However, with a double chance bet, this risk goes down considerably, as your wager will then secure two outcomes. Alternatively, if your preferred bookmaker is not offering the double chance market, you can also spread the total stake over the outcomes you wish to back and then place two wagers at two different betting sites, as we have demonstrated above. 5. Use Free Bets A free bet — a wager with zero risk, can be used in conjunction with a double chance bet in cricket. Free bets are regularly offered by top online sportsbooks, but the catch with such promotions is that you only get the profit part of the wager and not the initial stake. Suppose you want to bet double chance on an England vs. Sri Lanka Test match, where the former is the host team. From your research and the current form of two teams, you have plenty of reason to believe that England will win but cannot entirely rule out the possibility of a draw. In such a scenario, you can use a 1X double chance with your own money on one bookmaker and perhaps use a free bet to cover any of the other two possible outcomes at another bookie. This strategy means that there is almost zero chance of you losing your bet. MAKE YOUR ACCOUNT TODAY VISIT SITE Double Chance Betting in Cricket — Is It the Right Strategy for You? Now that you know what double chance in betting is and what it entails, you need to assess whether it is a good strategy for you to have a punt on cricket. Remember that it's a low-risk, low-return wager, making it ideal for matches that are tricky to predict. It is primarily the match format, coupled with the nature of the wicket and weather conditions, that will determine whether it is an appropriate bet. The longest format of the sport involves the possibility of a draw, while there is very little chance of matches finishing all square in the shorter formats. When it comes to five-day Test matches, we suggest you categorically scrutinise the stats from recent years, including H2H records, ‘home' and ‘away' form, current form, and key players, for international teams to see how often they draw matches, especially as over the past 15 years the number of draws has been going down. On that note, here’s an insightful read on the average duration of Test matches and their result analysis, starting from 1877 to 2020. You can also check out this article from ESPNcricinfo on the Test matches results summary for all the Test-playing nations to get a fair idea about which teams have recorded the highest percentage of draws. Odds tend to be short for double chance markets in cricket, especially if one team is the clear favourite. This is where you can choose to back either the underdogs or a draw with your stake. In ODIs and T20s, where the chances of a draw are negligible, you could go for a 12 double chance if you are confident about the underdogs putting up a fight. Likewise, you may want to go for the 12 double chance option for high-scoring teams. On the other hand, as low-scoring teams are more likely to eke out a draw, it is best to be prudent and choose a 1X or a X2 wager. Seasoned bettors who regularly play with high stakes in the hope of a big payout will enjoy a double chance bet combined with an accumulator, whereas newbies still learning the ropes of betting on cricket could take the more conservative route; that is, a double chance wager with a free bet. Double Chance in Betting: Advantages & Disadvantages PROS Affordable betting High chance of winning Low-risk strategy Straightforward and easy Suitable for new bettors CONS Big stake needed for notable returns Little value on strong favourites Low returns Not always available for cricket bets Short odds CricketBettingAdvice Final Say Double chance in betting is a two-in-one wager, which allows you to secure two outcomes with a single stake, thereby reducing the chances of a losing bet. It is great to go on a winning streak, but these types of bets typically offer low potential payouts. You can implement strategies, such as combining them with accumulator bets and betting on the underdogs, to net higher returns from your double chance wager. With a draw in Test cricket becoming rarer every year, backing both teams to win is likely to be your best bet out of the three possibilities unless the weather is going to intervene. And finally, do check out our betting academy for insightful betting guides from our team of cricket buffs and enthusiasts for all the necessary resources you need to bet effortlessly on the sport! What Is Double Chance in Betting FAQs What does double chance mean in betting? A double chance bet is a low-risk, low-return wager that lets you bet on two outcomes (from among three possible results in a match) with a single stake: 1X (home win and draw), X2 (away win and draw), and 12 (either home or away team to win). '.get_bloginfo('name').' Can I use this wager in sports other than cricket? Absolutely. You can use them on various team sports, such as football, basketball, and field hockey. That said, this market is most commonly found in football. '.get_bloginfo('name').' Is double chance safe for beginners? As a double chance bet is low-risk and affordable, it is particularly suited to punters new on the block and dabbling in sports betting. '.get_bloginfo('name').' Is double chance similar to draw no bet? A draw no bet lets you back either a home or an away win, and refunds your stake if the match finishes in a draw. '.get_bloginfo('name').' How do double chance odds compare to 1X2? Double chance bet odds are generally lower than the prices offered on traditional 1X2 markets. '.get_bloginfo('name').' Does double chance in cricket include the super over? Usually, it doesn't include a super over; however, it may vary from one bookmaker to the next. '.get_bloginfo('name').' How do I choose the ideal double chance variation: 1X, X2, 12? This will depend on several factors. As a pointer, the 1X and X2 wagers are suited to low-scoring teams, while the 12 bet is best for high-scoring affairs. '.get_bloginfo('name').' Is double chance betting profitable? Yes, it is, as these bets increase the likelihood of your wager winning. However, the short odds mean modest profit margins. '.get_bloginfo('name').' Pritthijit RaySports betting buff with emphasis on cricket Pritthijit is a seasoned writer, editor, and content manager with almost a decade's experience in the field. Having been born and raised in India, where cricket is a little more than just a way of life, it is no surprise that he knows the sport and understands its nuances like the back of his hand. Pritthijit’s exhaustive knowledge and proficiency extend beyond the general spectrum of sports writing, with a laser-sharp focus on cricket betting, a passion that he has cultivated over the last four years. Pritthijit particularly likes to probe into bookmakers and weigh their pros and cons to give his reader community insights, enabling them to choose the best betting websites. Apart from that, he is a dyed-in-the-wool cricket buff, so he considers an Afghanistan-Netherlands game as important as an India-Pakistan one. Further Reading Sports Betting Terms Explained With Examples (2024) — Your Easy Betting Glossary Regardless of whether you've just started dabbling in online gambling... The 26 Best Cricket Betting Apps in India for Android & iOS (2024) Ready to explore the epitome of cricket betting excitement? Here... Draw No Bet Meaning in Cricket – Easy DNB Tips & Strategies (2024) One of the best markets for cushioning risk, draw no...