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An accumulator is a form of betting which takes multiple bets and rolls them together, taking the winnings of each bet and placing that on the next bet. Officially, an accumulator has to involve four picks, whereas multiple bets with fewer picks are known as a double or a treble. Unlike some other forms of multiple bet, such as a patent bet, an accumulator will only pay out if every part of the bet is successful, and therefore offers the chance to create higher winnings from a relatively small initial stake, as long as the right choices are made.
A double chance accumulator refers to a type of betting, usually on football matches, in which the standard outcomes offered on a match – win lose or draw – are reduced to just two outcomes and the bet is placed on both. The bet is made on a the home team to win or draw, the away team to win or draw, or on either the away or home team to win the match. The higher chance of success generated by betting on two possible but separate outcomes means that the odds on double chance bets are less attractive than on single bets.
Double chance bets are available to any bettors but are particularly popular amongst those who want to place larger stakes, safe in the knowledge that two out of three possible outcomes are covered. A double chance accumulator may become particularly appealing toward the end of the football season, when form has been firmly established and many matches have a great deal riding on the result. Two teams battling relegation are likely to be equally keen to avoid a draw, for example, while the runaway leader at the top of the table probably represents a safe pick for either a win or a draw. A double chance accumulator placed on matches of this kind could turn fairly low individual odds into a more impressive final pay out as long as the right choices have been made.