Double chance betting strategy RECOMMENDED The name gives it away – with a double chance bet you can double your chances to win. You can find a description, an example and your winning chances in the text below. What is double chance betting? Simply put, in this betting strategy you can bet on two outcomes of a game. Needless to say, the only precondition is that the sport you are betting on has three different possible outcomes (e.g. Win, Draw, Loss). Compared to a regular bet where you only bet on one of these three outcomes, in a double chance bet you bet on two and thus decrease your risk.