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The Double Bet is one of the most popular and straightforward bets offered by bookmakers today. This wager is simple for punters to make, and it can also create betting value on the bet slip when there is little to be found with a Single Bet. A Double Bet is a multiple wager that involves two different events.
What Is It and How Does A Double Bet Work?
In UK sports betting and horse racing betting the Double Bet is classified as a multiple wager. It is an accumulator bet type. The wager is not quite as complicated as a Trixie or Yankee, bit it it more complex than a Single Bet. The Double Bet allows punters to combine two betting selections into one bet for a chance at a larger payout.
The odds offered by a bookie sites on a Double Bet can be more generous than the odds on a Single Bet. Suppose that the horses a punter likes are in consecutive races. Each horse is being offered at odds of 2-1. Making a Double Bet instead of a single wager on each horse could result in a greater profit. This is the primary attraction of the bet for punters.
The punter makes two individual selections in a horse racing event or other sporting contest. One total stake is made for the Double Bet. The punter’s selections must win both events for the Double Bet to produce a return. If either betting choice loses, the punter loses the wager. If the first selection wins and the second selection loses, no return if offered for the one winning choice. Punters cannot win part of the bet.
How To Calculate Winnings
Winnings on a Double Bet are calculated in the same manner as Single Bet winnings. The punter is offered odds by the bookmaker when making the bet. These odds are what will determine the total return to the punter. Here is an example.
The punter wishes to bet £10 at Chelsea racetrack on a Double Bet. The punter chooses Firebrand in the first race and Ice Cold in the second event. The bookie offers the Double bet at odds of 4-1.
If both of the punter’s selections win their races, the bet succeeds. The punter will receive the original stake of £10 plus a profit of £40 for a total return of £50.
In some cases bookmakers allow the punter to roll over the profit from the first winning selection to the bet on the second choice. This can help the player maximize profits even more.
For those who find calculating winnings difficult, head over to our Double Bet calculator. All the punter needs to do is enter in some basic information and click a tab. The cost of the bet as well as the potential winnings will be displayed.
Betting Tips: Potential Results Prediction
The Double Bet is used with much success by punters who demand value in the bets they make. It can be a very useful wager under certain circumstances. One of the best Double Bet situations involves two low-priced choices in separate events.
Instead of making a Single Bet on the individual horses, the punter opts to use both favorites in a Double Bet. The return can often be twice as much as the total return on each Single Bet.
Why Make A Double Bet?
Double Bets can be a smart choice for a punter in many different situations. The most obvious reason to make the Double Bet is increased betting value. Punters are getting more for their wagering money when the value offered by a bet increases.
Another reason to make a Double Bet is to avoid betting on cheap favorites. Most serious punters know that there is no profit to be made when making bets on selections at odds of less than 3-1. This is especially true in horse racing where favorites only win one out of every three races. The punter has to win at the same rate in order to book a profit in the long run.
It can be hard to pass up a horse race or other betting event where the 2-1 favorite appears unbeatable. The punter can improve the odds by using the favorite as one of the selections in a Double Bet.
What’s the Difference Between a Double Bet and Another?
The Double Bet sits somewhere between the Single Bet and combination wagers on the scale of difficulty. Compared to a combination accumulator bet like the Yankee or Super Heinz, the Double Bet is easier to make. It requires a smaller number of selections and is very straightforward. When measured against the Single Bet, the Double Bet involves more effort in picking potential winners.
A Double Bet is not as expensive to make as some other types of wagers. It only requires one stake. The punter can choose how much to wager, and both selections are combined into one bet which is used to determine the payout.
What Sports Work Well With a Double Bet?
Some sports are more suited to the Double Bet than others. One of the first that comes to mind is horse racing. The Double Bet has been a mainstay of horse betting for many years. It was one of the first multiple wagers offered by bookmakers on horse racing events.
Most racetracks offer multiple Double Bet opportunities on each day of racing. Some allow Double Betting on a rolling basis. Others restrict the Double Bet to the first two and last two races of the day. The same is true for greyhound races.
A Double Bet can also be used on football or Premier League matches. Bookmakers may offer special bets on certain events, or the player may be able to choose which two events that they would like to use for the Double Bet.
Best Sites To Place a Double Bet On
All reputable online bookmakers offer the Double Bet to customers. Some of the more popular sportsbook choices are:
The punter is advised to find the online bookmaker which offers the best deal for players. Things to consider are deposit methods, payment methods, and bonuses offered to new customers. You can sometimes receive matching funds when you make your first deposit. These free bet stakes can be used to make the Double Bet or other types of wagers like the Goliath.
Summary
Punters that are looking to maximize their bankroll should consider the Double Bet. This simple accumulator lets the punter receive greater odds on two selections than they would if the picks were bet separately.
A Double Bet is won when the selections in two separate events each win their contests. Punters may be offered odds on the total wager, or bookmakers may allow the punter to roll over the profits on the first race to the second event.