What Is A Double Bet?

What Is A Win Double Bet?

A win double is when you place a bet on two selections, and both must win for you to win your bet.

For example, you could have a £10 win double on selection “A” at 2/1 (3.0) and selection “B” at 3/1 (4.0). If selection “A” wins you’ll have £20 winnings + your £10 stake = £30 going onto selection “B” at 3/1. If selection “B” wins, you’ll win £90 + and get your £30 stake back = £120. That’s equivalent to an 11/1 double.

There is also an equation for working out a double, which is A x B + (A + B). In this case, 2/1 x 3/1 = 6/1 + (2/1 + 3/1 = 5/1) = 11/1.

What Is An Each-Way Double Bet?

An each-way double is when you place a bet on two selections to win and place. If both selections win, the win part is worked out just like a win double. But, if both selections place or one selection wins and one selection places, you will only win the place part of your each-way double.

For example, if both selections place at 10/1, and the each-way terms are a 1/5 the odds a place, you will have two 2/1 placed selections. If you had placed a £10 each-way double on this, you would have £10 at 2/1 x 2/1 = 4/1 + (2/1 + 2/1 = 4/1) = 8/1. That means you’d get back £90 for your initial £10 each-way (£20) outlay.

What Is An Equally Divided Double Bet?

An equally divided double differs from a win double and an each-way double in that the each-way bet on the first selection is settled whether it wins or loses, then whatever you have won is split into an each-way bet on the second selection.

If you place a £10 equally divided double on two selections both at odds of 10/1 (1/5 the odds a place) if the first one wins you will have £10 each-way on a 10/1 shot. That means you’ll have £110 from the win bet and £30 from the place bet = £140. This is then divided into a £70 each-way bet on your second selection. If selection “B” then wins at 10/1 you will get back £980.

If you place a £10 equally divided double on two selections both at odds of 10/1 (1/5 the odds a place), if the first one places you will win the £10 place bet at 2/1 = £30. This is then divided into a £15 each-way bet on your second selection. If selection “B” then wins at 10/1 you will get back £210. If it places, you will get back £45.

An equally divided double is a better bet if one selection wins and the other places, but a worse bet if both selections win or both selections place.

How To Place A Horse Racing Double Bet

Let’s say you fancy Pinatubo to win the 2,000 Guineas at 6/4 and Enable to win the Prix de L’Arc de Triomphe at 2/1. You don’t consider either worth an investment as a single bet, but you like the sound of a win double at 6½/1.

If you’re placing your bet online, simply click on both selections and then go to your bet slip. You should then have an option to place a double. If not, there will normally be somewhere you can click to see more options. All you need to then is enter your stake where it tells you to and place your bet. If you want an each-way double, remember to click the each-way option.

If you’re placing your bet in a bookmaker’s shop, simply write “double” on the top of your betting slip, enter your two selection below, fill in your stake, and take it to the counter. Alternatively, write each-way double or equally divided double at the top of your betting slip if you want to place either of these bets.

Types Of Football Double Bets

Most football markets are win markets and you can combine all sorts of selections into doubles.

A typical example would be Chelsea to win at 4/5 and Manchester United to win at 5/4, but you could do Chelsea win and Manchester United to draw or vice versa.

You might also want to explore different markets and say back Chelsea to win and both teams to score + the Manchester United match to have more than 2.5 goals.

There aren’t many each-way betting opportunities in football, but you can back teams each-way to win their respective divisions. For example, you could have an each-way double on Liverpool to win the Premier League and West Brom to win the Championship.

Types Of Golf Double Bets

Golf is a great sport to place doubles on, as there are many betting opportunities on PGA Tour and European Tour events held in the same week.

As many golfers are on offer at big prices, that means you can combine golfers in doubles to win potentially big sums of money for small stakes. Just make sure you check out the maximum you can win from a golf double with your bookie.

Each-way golf doubles are especially popular because even the place part of an each-way golf double can return massive odds.

Types Of Tennis Double Bets

Tennis betting doubles are like football doubles in that most bets revolve around head-to-head matches. But you can place tennis doubles on two different players to win two different matches. You can also go for bigger odds by placing doubles on different markets such as set betting.

There is often more than one tennis tournament going on at any one time around the world, so it’s possible to have outright tennis doubles or each-way doubles, but each-way terms at tennis normally only go to two places.

Summary

A double bet is literally your entry level accumulator bet, and is a great way to dip your toe into the water of betting on multiple event and potentially gives your betting profits a significant boost.

Frequently Asked Questions

What is a Double Bet in Sports Betting?

A double bet is a type of accumulator bet that combines two selections in different events into a single bet. Both selections need to win for the bet to pay out. This strategy is favoured for its balance between increased payout potential and manageable risk, compared to more extensive accumulators.

How Do Double Bets Work in Horse Racing?

In horse racing, double bets are popular due to the potential for higher odds and significant returns. The difficulty of picking winners in such unpredictable events makes successful double bets especially rewarding. However, they require careful selection and strategy, as one incorrect pick means the bet is lost.

Can You Explain Tennis Doubles Betting?

Tennis doubles betting involves selecting winners from two different matches, often with the intention of combining favourites to enhance returns. This form of betting benefits from tennis’s relatively predictable outcomes compared to team sports, allowing knowledgeable bettors to make informed choices with a higher degree of confidence.

What Makes Double Bet in Football Appealing?

Double bets in football allow punters to leverage their knowledge across multiple matches. This type of betting is highly popular due to the vast number of markets available and the sport’s global following. Bettors often combine selections from different games to increase potential returns while managing risk.

What Are the Pros and Cons of Betting Doubles?

The main advantage of betting doubles is the potential for higher payouts from a relatively low stake, by combining the odds of two selections. However, the key disadvantage is that both selections must win for the bet to pay out, introducing a higher risk than placing two single bets.

Are Double Bets More Profitable Than Singles?

While double bets offer higher potential payouts due to the combined odds, their profitability over time depends on the bettor’s strategy and success rate. They can be more profitable than singles if used wisely, particularly when combining bets on heavy favourites.