How to read double chance odds in football betting

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Having played online football betting for a long time, have you heard of the double chance odds or not? Although it is just a side bet, it is still favored by experienced bettors due to its high winning potential. To have a better understanding of the rules and successful strategies for placing bets on double chance odds, let's discuss it further in the following article.

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What is double chance odds?
Double chance odds, also known as "Kèo cơ hội kép" in Vietnamese, is a form of betting derived from traditional European betting. Instead of choosing a single outcome like a regular bet, double chance odds allow you to select two out of three possible outcomes. However, the player's chances of winning will be enhanced compared to other types of bets.

This is a popular term in online football betting.
In a match, there are three possible outcomes for a team: win, draw, or lose. This is because each betting option in double chance odds gives the player two winning possibilities.
This type of bet is quite similar to combining pairs in the lottery. The betting options in double chance odds include:
Home team win or draw
Away team win or draw
Home team win or away team win
Compared to other single bets with a lower winning percentage, by placing double chance bets, we already have over a 66% chance of winning.

How to read double chance odds
In simple terms, double chance odds are based on the Asian handicap odds. However, instead of choosing one of the three situations (win, draw, or lose), you can bet on two out of three possibilities simultaneously. The corresponding options and symbols are as follows:
1X: Reflects the possibility of the home team winning or a draw.
12: Indicates the case where one of the two teams wins.
2X: Implies the scenario of the away team winning or a draw.
Now, let's calculate the winnings based on the following mechanisms:
The odds of winning when betting on 1X are calculated as 1: [1winning odds of 1) + 1winning odds of X)].
If you bet on 12 and it wins, the payout from the bookmaker is calculated using the formula: winning odds = 1: [1winning odds of X) + 1winning odds of 2)].
Finally, for a winning bet on 2X, the payout ratio is 1: [1winning odds of 1) + 1winning odds of 2)].


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The most effective way to play double chance odds
From the introduction above, you have probably realized that double chance odds offer higher winning probabilities compared to other types of bets. However, the downside of this type of bet is that the payout odds are relatively low. Moreover, without careful analysis and a smart betting strategy, it's easy to fall into the bookmakers' traps. But don't worry, below are some effective tips for betting on double chance odds.

Gather accurate and sufficient information
Once you decide to engage in football betting, regardless of the bookmaker, it is essential to have knowledge. This includes information about tournament rules, team form, the current state of the football world, and more. All of these details must be accurate and up-to-date. They serve as the foundation for making accurate assessments, allowing you to adjust your bets more flexibly.

Evaluate based on the strength of both teams
One of the suitable matches for playing double chance odds is when there is a significant difference in strength between the two teams. Specifically, prioritize placing bets on the stronger team to either draw or win. It is highly unlikely for the weaker team to secure a victory. If you want to make significant profits, consider increasing your betting amount instead.
For matches where the two teams are evenly matched and both sides are desperate for a win, a draw is unlikely. In this case, betting on option 12 is much safer.
Furthermore, in certain specific situations, both teams may not want to exhaust too much energy and effort. For example, in a friendly match just before an important upcoming game. During such times, the likelihood of a draw is quite high. To find a safer 1X or 2X option, you need to cross-reference the gathered information from the pre-match analysis.

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The above are detailed information related to double chance odds. In practice, the content in this article can be applied to most other sports that are included in the betting market. Therefore, regardless of which sport you bet on, you can apply these tips.

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