A double bet involves placing two separate bets, with the winnings from the first bet being rolled over to the second bet.
What Is A Double Bet?
A double bet is a type of wager that involves two selections, where both selections must win for the bettor to receive a payout. This type of bet combines two single bets into one, creating a larger potential payout. The odds for each selection are multiplied together, which results in higher potential returns than placing two separate single bets.
To place a double bet, the bettor selects two events or games they want to bet on and places a wager on both. For example, in horse racing, a bettor might place a double bet on two separate races, choosing a horse to win in each. Both horses would have to win their respective races for the bettor to win the double bet.
If one of the selections loses, the entire bet is lost. However, if only one selection wins and the other selection is a tie or canceled, the bet becomes a single bet and the payout is calculated based on the odds of the winning selection.
Example
Let’s say you place a £10 treble bet on a football match at odds of 2.0, and a horse race at odds of 3.0
- If both selections win, the total return will be £60 (£10 x 2.0 x 3.0), with £50 profit.
- If one or more selections lose, the entire bet is lost.
Another way of looking at it is that the winnings from the the first bet (£20) are rolled onto the next bet at 3.0.
Where to Place Double Bets
What To Look For In A Double Bet
Here’s my suggestions for what bettors should look for in Double bets:
Value Odds
When selecting the two outcomes for your double bet, it is important to consider the probability of each outcome and choose two selections that have a higher likelihood of occurring than the odds suggest.
Identifying value could involve analysing factors such as recent form, head-to-head record, playing style, and injuries.
Risk/Reward Balance
When placing a double bet, it is essential to evaluate the risk/reward balance.
To assess the level of risk, you should consider the probability of each selection winning. If both selections have a high probability of success, the overall risk of the bet will be lower. However, if one or both selections have a lower probability of success, the overall risk of the bet will be higher.
If there’s value in one part of your Double bet, then you might be better off placing a Single on that outcome without taking on any additional risk. Additionally, you could reduce the bet sizes on Doubles, to maintain comfortable stake sizes that do not put your bankroll in jeopardy.
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