DOUBLE BET EXPLAINED & CALCULATOR
What is a double bet?
The double bet is where you pair up a couple of selections together in one wager and you need them both to win in order to get something back. What would be the advantage of going for a double bet?
Let’s look at an example of a double bet explained. You have two selections, West Ham at 8/11 and Sunderland at 2/1 to win their next football matches. You like the prices and think there is decent chance of them winning. So you pick both selections as a Double Bet meaning that you are relying on each result to happen.
So you are only placing one bet, let’s say of £5 on a West Ham/Sunderland Double Bet. If they both won their games you would be looking at £20.91 coming back to your from your wager, which is a very nine bump. Let’s look at what would have happened if you had played the bets separately.
Let’s assume you only have that £5 stake you want to play. So you put £2.50 on West Ham single bet and a £2.50 on a Sunderland single bet. If West Ham won at 8/1 that is £3.64 back. If Sunderland won at 2/1 then that would be £10 back, so from that same £5 stake all that you would be claiming is £13.64 as opposed to the higher risk return of £20.91 in combining the two in the double.
Double Bet Calculator
You can see this through the double bet calculator and you can play with the numbers to get the balance that you are looking for from your bets.
How does a double bet work?
So what makes the difference? It is basically the most simple accumulator that there is and you are doubling your oddson. So you are putting your £5 stake essential on 8/11 and 2/1 multiplied by each other. So let’s convert to decimal for easier calculation – 5 x 1.7273 x 3.0 = 25.91. So essentially again your stake from the first wager winning is played onto to the second selection of the bet to give you the higher return than if you were just playing singles.
So the big benefit of a doubles bet is that they really come into play for backing favourites which would be low value returns if backed as singles. If you put two stronger odds on favourites, say at 8/11 and 4/5 in double that would still fetch you £10 off a £5 stake. Yes of course there is slightly more liability, but if you look at the stronger teams for your doubles betting, then perhaps not.
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