Double Bet Explained – The Ultimate Guide (2020 Update)
In this article we explain all you need to know about a Double bet. This includes what it is, how to manually calculate it, where you can access a Double bet calculator, how to place this bet type and more.
A Double bet is the successor to a single bet and is the simplest form of all accumulators. So, what exactly is a double bet and what does it consist of?
Table of Content:
What Is A Double Bet?
A Double bet is a wager on 2 selections taking part in different events. The returns from the first selection are rolled onto the second. Both selections must win to generate a return.
It is similar to a treble bet – the only difference being is that it includes one less selection. It is popular with all sports and is most commonly used when backing low value favourites.
How To Calculate The Returns Of A Double Bet
To manually calculate the potential returns from a Double bet, simply multiply together the decimal odds of each selection and then multiply this number by your stake (see example below).
Double Bet Calculator
Manually calculating the returns from a double bet is fairly simple, however, there are tools such as this one from BetVictor that will automatically do the math for you.
Just enter the prices of your 2 selections. Then enter your stake and you'll be shown what you stand to win. You’ll also be able to experiment with different outcomes to see how they affect the potential returns.
Double Bet Example
Assuming we stake £10 on Team A to win at 1.5 and Team B to win at 4.0.
If both teams successfully win, then our returns would be as follows:
- Returns = £10 x (1.5 x 4) = £10 x 6 = £60.
- Profit = Returns – Stake = £60 – £10 = £50.
If one or both teams failed to win, then our returns would be £0.
How To Place A Double Bet
Below we guide you through how to place a double bet. We’ll be using bet365 in our example although the process should be the same regardless of what bookmaker you use.
Step 1) Add your 2 selections to your bet slip.
You do not need to worry about which order they appear.
Step 2) Enter your stake into the ‘Doubles’ box.
Your bet slip will display your potential returns.
Step 3) Confirm your bet.
Once confirmed, you will not be able to reverse your decision.
A Double bet consists of 2 selections. The advantage over say, a single bet, is increased odds, however the disadvantage is that all selections must win in order for you to see a return.