Double Bet Calculator
As the world of sports has evolved, so too has the world of sports betting. With bettors constantly trying to place and find better bets that return brilliant value, one of the most popular bets that has emerged is a double bet.
A double bet is where the outcome of two different matches, races or events are selected and combined into one bet. These bets can be placed across a plethora of different sports and are rapidly gaining in popularity.
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If you are new to sports betting or simply want to know more about how a double bet works, then this guide has got you covered. We will explain more about how a double bet can be placed, what sports are particularly great for double betting and what some of the advantages and disadvantages of placing this type of bet are. Let’s get into it.
A Double Bet Explained
A double bet is a build on one of the most popular bets that can be based in sports, a single bet. Like a single bet, a double bet is focused on the outcome of a particular match or race and usually involves you picking a team or player to win.
Whereas a single bet just contains the prediction of one match, in a double bet you need to select two. One of the most popular bets where a double bet is used is in football. Bettors will often browse the overall betting markets and find two matches that they will want to bet on.
Let’s use the example below and look at two matches - England vs Slovenia and France vs Poland.
As the odds indicate, both England and France are expected to win their respective matches heavily, but if we were to back both teams in a single bet, the returns wouldn’t be particularly lucrative.
One way to increase the value would be to back both England and France to win on the same bet. By doubling up, this would increase the value of potential returns but leave the bettor with much more risk.
With the double on England and France placed, the rules of the bet returning a winner are simple with both teams needing to win their matches.
If for example France won their game but England drew or lost theirs, then your bet would be a losing one and you wouldn’t see any returns being made.
A double bet in this instance simply doesn’t apply to just both teams winning. If you felt that both games or a particular match was going to be tight you could bet on one team to win their match and the other match being a draw. You could even bet on two draws if you preferred.
The most important thing to remember is that both outcomes have to be guessed correctly for the bet to win. If one prediction wins but the other loses, your bet won’t win.
Can a Double Take Place Across Different Sports?
With the evolution of betting, most betting sites and apps now allow for their customers to place double bets across multiple sports.
There might be a football match you want to combine with the outcome of a particular tennis match. This is usually allowed and although the bets might take place across two entirely different sports, the rules of success are exactly the same, with both outcomes needing to be predicted correctly in order for that bet to win.
Rules for Placing a Double Bet
Unlike when placing a single bet where there are very few rules and restrictions to what sort of bets you can place, there are some rules when it comes to what double bets you can place.
The biggest restriction is when betting on who might win a particular event or tournament. For example you won’t be able to place a double bet where you try and predict the winner of the Premier League.
Only one team can win the Premier League so if you back both Man City and Arsenal, this isn’t possible. Instead what you could do is combine who you think could win the Premier League along with who you think could win the Champions League. This would be a valid bet as they are two different competitions.
How Are Double Bets Calculated?
Double bets see the odds of your first bet rolled over and multiplied by the odds of your second bet. The sum of this multiplication will result in your overall odds for your double bet being generated.
Usually to load a double into your betting slip, you need to select the relevant odds from both matches and then select the ‘double’ option on your betting slip.
If you then enter your stake, your returns should be made visible, if happy, you can place your bet and your bet will be live.
There are also a great variety of online odds calculators that you will be able to check out online that will be able to help you decipher the various odds for your selections.
Advantages and Disadvantages of Double Betting
Advantages
- Are very easy and simple bets to place
- Can provide better value than single bets
- Provides the ability to bet across multiple sports
Disadvantages
- Carries a bigger risk than single bets
- In some instances the value on offer might not be worth the risk of placing two bets