What is a Double Bet?
This guide will give you all the important information on what a Double Bet is and how it can be used. If you’ve managed to win some money from a free bet and are looking for a good, straightforward strategy to win more, a double bet might be just what you’re looking for!
How to work out a Double Bet
A Double Bet is a bet which consists of 2 selections and both selections must win in order for the punter to gain a return.
Essentially, a double bet is an accumulator bet which consists of various different bets and certain selections must win in order for the whole bet to win. If the chosen selections win then the bet will win and the punter will walk away with winnings. The main advantage of a double bet is that it can generate huge odds and punters can win much larger sums of money on comparison to regular bets.
Despite the fact that a Double Bet is an accumulator bet, many people don’t regard it as an accumulator as typical accumulators usually have a minimum of 4 selections whereas Double Bets only have 2 selections. Due to this, double bets have earned their own name and they are rarely referred to as an accumulator.
Examples are very important and they help punters understand new things so this is why we have decided to put together a good example of a double bet which should help you understand how it works.
So lets say there is 2 football matches taking place which you wish to place bets on, the odds are as follows:
- City versus Wolves
- City to win: 11/10
- Draw: 23/10
- Wolves to win: 5/2
- United versus Palace
- United to win: 1/6
- Draw: 11/2
- Palace to win: 18/1
The favourites to win are City and United and the odds clearly display this. However, instead of backing both teams separately and placing 2 separate bets, punters can bet on both games via one bet and this is known as a double bet.
If you placed £10 on a double bet for these fixtures and both of the teams won then you would make a fairly decent profit of £14.50 however if one of or both teams lost then the bet would be over and you would not win any money.
How Do Double Bets Work?
So you may be wondering what is so good about a double bet and how it is different to a standard bet and luckily, we are here to help you out and give you some information. First of all, a double bet is pretty much an accumulator but for 2 selections and both selections must win in order for the punter to win the bet. If 1 selection or both selections lose then the bet will be lost and the punter would have made a loss and 0 profit.
Double Bets are good for a variety of reasons but the main reason what they are popular is because of the convenience. It is much more convenient and quicker to place 2 bets on 1 bet rather than 2 sperate bets. In addition to this, the odds are much higher on double bets in comparison to standard single bets.
Each Way Bet:
Each Way Bets have become very popular in recent years and they are certainly on the rise. An each way bet is a unique type of bet which is essentially 2 bets on one selection. Each Way bets are mainly done on Horse Racing events and a good bet is usually considered when the selection finishes within the top 5.
If your selection ends up winning, then a return will be generated. However, if your places only win then you will not win the full bet, instead the place bet will be won but you won’t win the full bet. An example of this would be each way double, when both selections are placed you will receive a return even if the selections don’t win.
Calculating potential returns can sometimes be a pain and it can also be time consuming, so that is why many people now prefer to use online betting calculators. Online betting calculators do the hard-work you and calculate your potential winnings after you enter the relevant information.
Despite the fact that double bets are most commonly used on Horse Racing and Football, you can still use this type of bet on other sports and most sportsbooks will display the sports that are available for double bets on their site.
A double bet is a fabulous type of bet which consists of 2 selections and the best thing about a double bet is the large odds. So if you are looking to bet on 2 different events and would like the chance to win a big amount of money then be sure to place a double bet.
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