Double Bet | What’s A Double Bet? How Do Doubles Work?

Double Bet | What's A Double Bet? How Does It Work?

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 involves picking two selections, both of which must win for the bettor to receive a payout. It combines two single bets into one, offering a potentially larger payout. The odds for each selection are multiplied together, leading to higher potential returns compared to placing two separate single bets.

To place a double bet, the bettor selects two events or games to bet on and places a wager on both. For instance, in horse racing, one might bet on two separate races, selecting a horse to win in each. Both horses need to win their races for the double bet to succeed.

If one of the selections loses, the entire bet is lost. 

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.

Each-Way Doubles

An each-way double, frequently seen in horse racing, involves selecting two horses in different races and placing two double bets: a win double and a place double. For the win double to succeed, both horses must win, while for the place double, both horses need to place.

Since you’re effectively making two bets in one, your stake is doubled. Therefore, a £10 stake would become £20 to cover both parts of the bet. The place double odds are typically 1/5 of the original odds.

Consider an example: If you bet £10 on two horses at odds of 3/1 and 6/1 respectively, your maximum potential winnings could amount to £315.20. This includes £280 for the win part (including your initial stake), and £35.20 for the place part (taking into account the multiplied stake).

If both horses win, both parts of the double bet succeed, resulting in total winnings of £315.20.

Learn how to calculate the winnings Each Way bets.

Where to Place Double Bets

I recommend the following bookmakers for placing Doubles:

#ad. 18+, begambleaware.org, T&Cs Apply
Min deposit requirement. Free Bets are paid as Bet Credits and are available for use upon settlement of qualifying bets. Min odds, bet and payment method exclusions apply. Returns exclude Bet Credits stake. Time limits and T&Cs apply.
#ad. 18+, begambleaware.org, T&Cs Apply
18+. Play Safe. From 00:01 on 18.10.2022. £30 bonus. New customers only. Use promo code R30 during registration. Minimum £10 stake on odds of 1/2 (1.5) or greater on sportsbook (excluding Virtual markets). Further terms apply. www.begambleaware.org #ad
#ad. 18+, begambleaware.org, T&Cs Apply
New customers only. Register (excl. 13/04/24) with WELCOME50. First bet £10+ at Evens (2.0)+ on Sports within 7 days to get Free Bets: £20 In-Play, £20 Acca & 50 x £0.20 (£10) Free Spins on Fishin’ Frenzy within 10 hours of settlement. 7-day expiry. Eligibility & payment exclusions apply. Full T&Cs apply.
#ad. 18+, begambleaware.org, T&Cs Apply
New online 888sport customers in the UK and Ireland, excluding re-registered customers. Valid from 15/01/2024. Min Deposit £/€10 with code 30FXS. Qualifying bet: ‘real money’ stake of £/€10+, odds 1/2 (1.5)+. Free bet, consists of 3x £/€10 tokens: 1x £/€10 horseracing, 1x £/€10 football, 1x £/€10 in-play, which will be credited upon qualifying bet settlement and must be used entirely before expiration in 7 days. No cashing out, each way bets, permutations, or combining with ‘real money’ stakes. Payment restrictions apply. T&Cs apply.

What To Look For In A Double Bet

Here are my recommendations for what bettors should consider when evaluating Double bets:

Value Odds

When selecting outcomes for your double bet, consider each event’s probability and aim for selections with a higher likelihood of success than the odds imply.

Look beyond just the odds by analysing recent form, head-to-head records, playing styles, and injury statuses. By incorporating these factors, you can make more informed choices and increase your chances of winning.

Risk/Reward Balance

When placing a double bet, it’s crucial to strike the right balance between risk and reward.

To gauge the level of risk, assess the probability of each selection winning. High probabilities for both selections lowers the overall risk, while lower probabilities increase it.

If one part of your double bet holds particular value, consider placing a Single bet on that outcome to avoid additional risk. Alternatively, adjusting the bet sizes for doubles can help maintain comfortable stakes without jeopardising your bankroll.

Other Popular Bet Types

Lay Bet | What's Lay Betting? How Does It Work?
Treble Bet | What's A Treble Bet? How Does It Work?
Over/Under Bet | What Are Totals Bets? How Do they Work?
Single Bet | What's A Single/Win Bet? How Does It Work?
Place Bet | What's A Place Only Bet? How Does It Work?
Accumulator Bet | What's An Acca Bet? How Does It Work?
Each Way Bets Explained | How To Calculate EW Winnings
Asian Handicap | How Do AH Betting Markets Work?
Toby @ Punter2Pro
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