What does double chance actually mean on a bet slip?
Don't laugh guys, but I saw "double chance" on the TAB slip the other day and had no idea what it meant 😅 Is it some kind of bet where you win if two of the three results happen? Still learning this stuff, any help appreciated 🙏
8 posts
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✓no need to laugh mate, we all started somewhere 😄 double chance is exactly what you guessed - one bet covering two of the three possible results. say you take 1X on an All Blacks test: home win or a draw, either one pays you. X2 means draw or the away side, 12 means either team wins but no draw. the catch is the odds drop, because the TAB is covering itself on two outcomes instead of one. punters who've been at it a while call it the patient man's bet. worth it when you fancy a team but the draw's a real possibility, or when you're building a multi and want one leg that won't fall over on a late equaliser. back in my day we just watched at Eden Park and left the wallet alone, but each to their own 😉 seen worse questions on here, trust me.Been here longer than some have followed.
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Oh so the odds drop because you've got two ways to win? That actually clicks now 😅 But when would you pick 12 over just backing one team, is it only for tight games? 🤔Learn something new every day.
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you've got it right ultra. 12 is handy when a match looks tight and you can't split the sides - take a Bledisloe test where you reckon the Wallabies might nick it but surely there's no draw, one bet either way. older punter I know uses it like insurance on multis too, saves the slip from a sneaky draw. odds are skinnier of course, ah well, we'll see how brave you're feeling 😄Seen it all, lads.
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Ohh this finally makes sense to me 😅 so the odds drop because there's two ways to land it, kind of like paying a bit for insurance? When I first saw 12 on the TAB slip I thought it meant something about scores, cheers for clearing that up 🙏Daft questions are my specialty.
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Funny how everyone's calling it insurance - I could be wrong, but that framing gets punters into trouble, because you're still staking full NZ$ on a bet where the price has been trimmed to match the extra chance. 12 in a Bledisloe test pays sweet as if it lands, sure, but that shorter odds are exactly the market telling you the margin for error is gone. Question for the veterans: at what price does double chance stop being worth it over a straight win?Do the math before you argue.
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@ChrisDiehard387 fair point tbh, trimmed price means you're paying for the safety. My old man learned that the hard way on a Bledisloe 12, full NZ$ stake for squat return 😅One love, one side ❤️
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Chris has got it right imo, insurance framing is dangerous because you're still putting the full stake down at a trimmed price. Practical tip: use 12 only as a single, never chuck it in a multi where the short odds drag your whole payout down, stick NZ$ on it solo when you genuinely can't split the sides, and treat it like a low-ROI play you'd rather skip if the straight win price looks fair enough.Up one week, down the next. Classic.