Blog Posted on 20/09/2019 | Author: Karen Macarthur
Consolation Double: Its Concept and Details
You may already know how difficult it is to bet on sports. There are hundreds of factors that go into determining the most probable winner, and even then, that is what it is — probable. The tables can flip at any moment and even the best team can lose to one that is at the bottom of the standings. So how do you make sure you don’t lose all your money just because the cricket ground was too dry or the wind was too strong in the Rugby stadium? You take advantage of a unique feature offered by netbet sports betting websites — you place a consolation double.
So what is a Netbet Consolation Double?
A consolation double, in most cases, refers to a bet that backs up the other. What it means is that you place your bet on both the teams going against each other.
For example, you open a netbet sports betting website and select a match you want to bet on. But you notice that both the teams have fairly good chances of beating the other, and with all the uncertainty involved in a game, you just can’t make up your mind. In such cases, when you don’t want to lose all your money, you can place a bet on both the teams.
Both teams will have a return rate, but one will be higher than the other. When you bet on both, and the higher-return team loses, you’ll recover some of your money as the lower-return team will win. Thus, you won’t face a 100% loss.
The Other Side of the Coin
Yes, you won’t lose all the money you bet on netbet sports betting websites. But this advantage comes at a cost — you also can’t get higher payouts.
If you place a consolation double and the higher-return team wins, you lose the base bet placed on the lower-return team and don’t receive the total amount you deserve. However, the probability of the lower-return team winning is much higher. This is because netbet sports betting websites know which team is more likely to win.
Thus, this bet is ideal for players who are not chasing big wins and just want to have fun while getting frequent, small wins.
Where is Consolation Double Used?
Consolation double is mostly used in soccer games and horse races. While it is quite straightforward in soccer, it is used in horse racing in a slightly different context. When you follow a horse through several races, but it gets pulled out from the race at the last minute, after bets have closed, netbet sports betting websites give you a consolation payout. It is a small fraction of the original bet.
As a skilled sports bettor, your success doesn’t only depend on your vast knowledge of sports history and the latest updates. You need to know all the types of bets you can place and the situations in which you can place those bets. Only then you are ready to take advantage and make the most out of any situation that arises.