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Can I bet on both teams to win?

It's perfectly possible to bet on both teams to win when betting on any major sport – but should you?

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Oliver Williams
Oliver Williams Founder, Potential Bets
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A question that is commonly asked by people new to sports betting is can you bet on both teams to win? While it's perfectly possible, there is only really one scenario when you should consider it.

When to bet on both teams to win

You should only bet on both teams to win if you believe the draw is overpriced and that the odds for either team to win offer value.

Here's an example

Everton are playing Liverpool and a bookmaker is offering the following odds:

  • Everton to win at odds of 2.90

  • Liverpool to win at odds of 2.45

  • A draw at odds of 3.30

First, you need to calculate the implied probability of those odds:

  • 1 / 2.90 = 34.5%

  • 1 / 2.45 = 40.8%

  • 1 / 3.30 = 30.3%

You'll notice that the total percentage of those odds is 105.6%. This is because bookmakers take a margin on every betting market. In this instance, the bookmaker is taking a 5.6% betting margin. It's this margin that enables bookmakers to make a profit no matter the outcome of the match.

If you believe that the probability of a draw is actually 18%, that would mean there was an 82% chance of either Everton or Liverpool winning. In this instance, betting on both teams to win would be a good bet because the odds being offered by the bookmaker for either team to win have an implied probability of 75.3%.

34.5% + 40.8% = 75.3%

How to bet on both teams to win

There are two ways to bet on both teams to win:

Full time result

Your first options is the FT result market, often referred to as a 1X2 bet. Place two bets, one on each team to win, leaving just the draw as the only losing outcome.

Double chance

Your second option is to place a single double chance bet, also referred to as a 12 bet, enabling you to cover both the home and away win.

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