As a new punter I was totally mystified when I saw the “Double Chance” offer on my bet365 app. I took a screen shot of it which you can see there on the right. I checked with Sportingbet and they also offer a double chance bet. I figured I wasn’t the only one that didn’t know what a double chance bet was so I did some research on the subject.
Double Chance Bet Explained
The first thing I noticed from the image on the right is that the odds offered on the double chance bet is lower than a straight out bet. This is because taking a double chance bet on a team results in you winning if your team wins or draws. Your team actually has to lose in order for you to lose the bet.
You would probably take the double chance bet if you were going to bet on the underdogs. This could be because they’re offering better odds or because you believe the bookies actually got it wrong when naming the opposing team as favourites.
Double Chance Bet Example
Lets take another look at that image on the right.
The first option pays if England either wins or draws
If you placed a bet on the second option then you win if Italy either wins or draws.
Betting on the third option means you win if either England Or Italy wins. A draw will result in you losing your bet.
In essence, you’re combining two out of the three possible outcomes, either a win, draw or loss, into one bet. Again, this explains why the odds you get on a double chance bet is a lot lower than betting outright on one of the three outcomes.
Something else I noticed from that screenshot is that the odds on betting on the actual score is a lot better. What sort of wager are you likely to place on this years world cup. Would you try the double chance bet or would you just bet on the outright result? Also, would you take a chance by placing a bet on the actual score?
On the rare chance that I got the explanation all wrong I shot an email to the guys at bet365 and asked them what a double chance bet was. Here is what they had to say.
Dear Mr Pelliccia ,
Thank you for your market query.
The double chance selection are as follows:
– England or Draw (Wins if England win or the game ties – Loses if Italy win)
– Draw or Italy (Wins if the game ties or Italy win – Loses if England win)
– England or Italy (England or Italy win – Loses if the game ties).
With the World Cup fever about to take over the world many will be tempted to gamble beyond their means. With three to four matches occurring every day the temptation to bet on multiple matches can be too much for some. This can be exasperated by the many outcomes you can bet on each individual match as well. Even I was surprised when I learned of the amount of bets you can place on any one game.
World Cup Betting Options
This is where a lot of people can get into trouble. The urge to bet on multiple outcomes may be overpowering to some punters. Here are just a few of the results you can place a bet on.
Full Time Result: This is the one that I am going to place my bets on.
Double Chance: Didn’t know what the heck this was so I did some research. Read this post for an explanation of a Double Chance wager.
Correct Score Betting: Where you can place a wager on the actual score of the game.
Half Time/Full Time Results: Bet on the results for half time and full time.
Half Time/Full Time Correct Score: Placing a wager on the actual scores for half time and full time.
Goal Scorers: You can place a bet on who is going to score a goal.
Of course there are many more options. These are just a few. You can even bet on which team is going to kick off!!
World Cup Responsible Gambling
So, how do you gamble responsibly during the World Cup? Like I’ve mentioned in previous posts you have to stick to your gambling budget. This means if you’re thinking of placing some bets on the World Cup then you may have to forgo placing bets on some of your other favourite sports, like the AFL for example. Either that or you lower the amount of bets you place on those other sports thereby spreading out your wagers.
This even works if you’re planning to place a bet on some of the World Cup betting options I’ve mentioned above. Say you’re budget was $20 for the week then I would pick one or two favourite matches for the week. I would then spread my bets over the betting options that interest me the most.
The thing with sports betting for me is to get the most enjoyment I can from placing those bets. Winning will of course increase my betting pleasure
How To Bet On The World Cup
All of the online sports betting agencies that I represent allow you to place a bet on the World Cup. You’ll find them on the top of the left hand sidebar of this site. Of those I’m going to mention two in this post, Sportingbet and bet365.
As you can see from the two screenshots above from the Argentina vs Bosnia game, both bet365 and Sportingbet offer pretty well the same odds although bet365 offers slightly higher odds for a draw. Of the two apps I found Sportingbet to be a lot simpler to understand and use. Although Bet365 offers more betting options which is probably what made it a little harder to understand. I think I’m leaning towards Sportingbet. Which one will you use?
I’ve decided to add a new category to EZ eSports Betting today. It’s the Bet Of The Week Category. Betting responsibly is very important to me. I don’t want to become a problem gambler, one that has no control over my gambling habits. I also don’t want readers of this blog to become problem gamblers. That’s one of the reasons I wrote the responsible gambling post.
As part of my responsible gambling I’ve nominated that I will only place one or two bets a week. I’ve also allocated a monthly budget of $40. Naturally that means that I can’t exceed that $40 which means I can’t bet more than $40 on a single bet. If I do place $40 on a bet then that’s my betting allowance blown for the month.
This Week’s Bet Of The Week
As my regular readers know I am a Adelaide Crows fan. Yep, you guessed it this weeks wager was placed on the Fremantle Crows game. As you know I had to choose between either Sportingbet or bet365. So, I check my respective phone apps to see which of the two is offering the best odds. As you can see from the screen shots from my iPhone 5S while Sportingbet has a more colourful display it was bet365, the middle one, that offered the better odds.
The third image shows my actual bet with bet365. As you can see Fremantle is definitely the favourite, so why did I go for the Adelaide Crows? Well I had the same gut feeling when they played against Collingwood. Even though every one said I was crazy I backed Adelaide and won.
The fact that Adelaide did really well last week when they won convincingly against the Suns also swayed my decision a little. Not to mention that Taylor (Tex) Walker seems to be performing so much better scoring 5 goals.
Then there’s the fact that Adelaide pays so much better than Fremantle.
So, there you have it, the Adelaide Crows is my Bet Of The Week for this week. Naturally that does not mean they’re going to win or that you should also bet on them. You have to follow your own gut feeling. Perhaps you’d prefer an entirely different game. I’d really love to hear what your bet of the week is for this week.