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How to Calculate Double Chance Odds

Double chance betting refers to backing a win and a draw for a particular team, covering two outcomes increases your chance of winning but also decreases the odds, for some people it is a very important form of betting. For those interested there are bookmakers like Gamebookers who offer these bets without using seperate bets, and they also allow them to be placed in accumulators. The following is a description on how to calculate your stakes for double chance betting, and thereby calculating your eventual odds, it was a first post on the forum by Stevem01in reference to a bet I talked about on Bayern Munich to win or draw at Dortmund, with the odds for the game being H-2.30 D-3.10 A-2.50, and a very useful post indeed, thankyou Steve (Jhim)

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There is a relatively easy way to calculate the exact stakes that should be placed on each of two outcomes in a three outcome situation to produce the equivalent of a "double chance" bet.

First add together the decimal odds for each of the two outcomes being considered to get a number called the "numerator".

To obtain the stake that is required to be placed on the first result in the "double chance" bet, divide the odds of the second result by the "numerator" and multiply the result by 100.

To obtain the stake that is required to be placed on the second result in the "double chance" bet, divide the odds of the first result by the "numerator" and multiply the result by 100.

In the case of the example quoted in Jhim's previous post, the two outcomes were an away win (2) at odds of 2.5 and a draw (X) at odds of 3.1. So the numerator would be 2.5 + 3.1 = 5.6

The stake required on the away win (2) is 100 * 3.1/5.6 = 55.36 units.
The stake required on the draw (X) is 100 * 2.5/5.6 = 44.64 units.

The total stake is therefore 100 units and the return in both cases is 138.4 units.
(Since 44.64 * 3.1 = 138.4 and 55.36 * 2.5 = 138.4)

Hope this helps to get the "exact" result and reduces the trial and error

Steve

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