What is a Double Bet? A Simple Explanation to How it Works
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 betting explanation. So stick around if you are interested in how to double bet, and how you can use a double bet calculator.
- Double Betting Explanation: What is a Double Bet and How Do I Use It?
- Example of a Double Bet
- How to Calculate Winnings
- What Are Some of the Major Advantages of Placing a Double Bet?
- What Are Some of the Major Risks of Making a Double Bet?
- What is a Double Bet Calculator and How Do I Use It?
- Frequently Asked Questions about Double Betting
Double Betting Explanation: What is a Double Bet and How Do I Use It?
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.
To know on which odds you could place a Double Bet, come check out our selection of the best betting sites.
Example of a Double Bet
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.
What Are Some of the 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.
What Are Some of the 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.
What is a Double Bet Calculator and How Do I Use It?
Once you decide to put our double betting explanation into practice, you might want to consider using a betting calculator. Here is how it can help you.
A double bet calculator allows you to calculate the profit on your bet in a quick and easy way. Even if you know how to double bet, calculating your returns before you place a bet can be a hassle. Just enter the odds of your selections and your wager and the calculator will generate your potential returns.
Betting calculators will have a number of options that allow you to customise them to your needs. For example, you can change the odds format, add the each-way option, etc. You can try out our double bet calculator by following the link on this page.
Frequently Asked Questions about Double Betting
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.