If you are looking to step up your betting game with multiple betting, double betting is a perfect first step. This article will provide you with a double bet explanation. So stick around if you are interested in how to double bet, and how you can use a double bet calculator.
What Is A Double Bet?
Double betting is the simplest betting accumulator. As you can guess from its name, a double bet is a wager on two selections. To get a return, both of your selections need to be correct. Consequently, your two bets will have to be on two separate events.
In order to calculate your returns, you must multiply the odds of each individual bet, and then multiply the result with your wager. As you can see, since the odds of two events combine into one, you will be in for a bigger profit. Double bets are riskier but pay more.
To give you a proper double betting explanation, and show you how to double bet, here is an example. Say you want to place a bet on two football matches. You can bet on the winner of the first match at 1/2 and on the winner of the second match at 2/1. The combined odds of your two selections would equal 7/2. Multiplied with your wager – let’s imagine it’s £20 – and your total returns will be £90, so your profit is £70.
Double Bet Example
Here’s an example of how a Double Bet works in practice. Say you want to make the following selections on these football matches:
- Match 1: Arsenal to beat West Ham at 5/4
- Match 2: Liverpool to beat Burnley at 3/5
The odds are multiplied together. 5/4 and 3/5 combined becomes 13/5. If you place a £10 double bet on Arsenal and Liverpool to win their respective matches and they do, you’ll win a total of £36 with £26 profit. If either or both of the teams fail to win their matches, your double bet will lose.
How To Calculate Winnings
Work out your winnings with our Double Bet Calculator.
Major Advantages of Placing a Double Bet
Now that we are done with our double betting explanation, let’s turn to some of the main advantages.
First off, double bets are easy to understand but they can still bring you significant profit when compared to a single bet. Since the odds two different events are combined, you can afford to back two low-value favourites and still make good returns.
Major Risks of Making a Double Bet
On the other hand, like every multiple bet, a double bet is riskier than a single. Since you need to choose the winner of two matches, there is double the chance that one of the teams loses. So, as always, you will have to make informed choices, as your bets will hinge on one another.
Double Bet FAQ
Now that you’ve gone through our double betting explanation and you have a clearer idea of how to double bet, you might still have some questions. So, feel free to take a look at our FAQ section for further clarification.
What is a Double Bet?
Here is a brief double betting explanation. A double bet is a multiple betting system, where you bet on the outcome on two separate events. You win the bet only if both of your selections win. Your returns are the combined value of the odds of two bets times your wager.
On Which Sports Can I Place a Double Bet?
You can place a Double Bet on nearly every single sports betting market. This betting type is versatile and simple, so you can use it on both sporting events and non-sport markets. Some of the popular sports where you can place a double bet include football, basketball, tennis and horse racing.
What Bookmakers Offer This Type of Bet?
As double bets are a very popular betting type, you will find them offered at almost every online sportsbook.