What is double chance in hockey betting?

You’ve heard of two for the price of one? Or maybe you’ve been to a two for one sale. Perhaps you recall the Meatloaf song in which he lyrically suggested that two out of three ain’t bad.

Everyone likes to double up, whether it’s an MLB club turning a double play, or an NHL team storming the enemy net on a two-on-one break. That’s also kind of what you get to do when you place a double chance wager on an NHL game.

Beyond the traditional moneyline, puck line and over/under total wagers offered on every NHL games, the vast majority of sportsbooks now offer a 60-minute three-way wager on the outcome on the scoreboard at the conclusion of regulation time in a NHL game.
It’s a wager that is borrowed from European soccer, where overtime is not played during regular-season games and tie games remain in vogue. Since the 2005-06 season, tie games have been abolished by the NHL. Every NHL game is played to a decision, even if it requires five minutes of three-on-three sudden death overtime or a shootout to decide which team is the winner.

But thanks to three-way 60-minute wagering, you no longer have to play by those rules. And thanks to double chance wagering, you can keep two-thirds of your options in play right until the end of regulation time.

For argument’s sake, let’s suppose that the sportsbook over at BetStars is offering the following line on a game between the Minnesota Wild and Nashville Predators. The Wild are listed at -145, the Predators are +165 and the draw option is set at +115.
With a double chance wager, you get to play two of those three outcomes on your bet. You have three options to choose from on your double chance play. You can go the Wild and a draw, or take the Predators and a draw. Or maybe you are sure one of these teams will win in regulation. In that case, play the Predators and the Wild.

With double chance wagering, it keeps more than one option open, and isn’t it always good to have more options at your disposal?

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