What is double chance in hockey betting?

Beyond the traditional moneyline, puck line, and over/under total wagers offered on every NHL game, 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 an 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, the NHL has abolished tie games. 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 on betting apps. And thanks to double chance wagering, you can keep two-thirds of your options in play right until the end of regulation time.

An example of a double chance hockey bet was seen in a recent meaning 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 play any of these outcomes:

• Wild and a draw
• Predators and a draw
• Wild or Predators to win

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