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What is a Double Bet? | Maximize Winnings with Double Betting


Online sports betting is the most convenient form of gambling, as you can easily combine a broad spectrum of sporting events and markets.

You are just one click away from creating the ultimate betting slip, whether you prefer single bets or accumulators. The latter are more profitable because they help you boost the odds and the most straightforward type of multiple wager is the double bet. 

In this guide you will learn what is a double bet and how it can be used to maximize your winnings when betting on sports.

What is a double bet and how does it work?

Answering the question ‘what is a double bet’ is a piece of cake, since this is the easiest type of betting accumulators. The name pretty much speaks for itself, as it is enough to combine two different bets on the same slip to create a double bet.

It can be used for all types of sports betting like horse racing, football, tennis (check out our guide on the best way to bet on tennis) and pretty much any other sport and it has the merit of increasing the odds. Instead of placing two single bets, you add both selections on the same betting slip and multiply the odds to produce bigger potential winnings. The returns are higher and you can win big, but only if both bets are winners, so you need to make the right choice.

Finding a place to use the double bet online is extremely easy and the smallest and biggest betting companies alike accept this type of wagering. As we said it is suitable for all types of sports betting, so you don’t have to make compromises and can focus exclusively on finding the best bookmakers.

The decision to choose one sportsbook over the other involves many factors, such as reputation, quality of odds, availability of sports and markets and payment methods among others. We can help you find the most popular online sports books that offer the double bet, as well as other types of betting accumulators.

🥇 Best betting sites for placing double bets in 2020

Rank
Bookmaker
Sign Up Bonus
Double Bets Accepted
Rating
Get Started
1
100% up to €122
Yes
Rating 9.99 out of 10
2
Up to €500
Yes
Rating 9.98 out of 10
3
100% up to €100
Yes
Rating 9.97 out of 10
4
100% up to €100
Yes
Rating 9.97 out of 10
5
100% up to €100
Yes
Rating 9.97 out of 10
6
100% up to €100
Yes
Rating 9.96 out of 10
7
Up to €150
Yes
Rating 9.96 out of 10
8
100% up to €100
Yes
Rating 9.95 out of 10
9
100% up to €100
Yes
Rating 9.93 out of 10
10
Up to $/€ 30 in Free Bets
Yes
Rating 9.93 out of 10

How to calculate a double bet compared to a single bet?

Further Information

Once you learn how to place a bet online and understand what is a single bet, you are qualified to place your first double bet. Upon adding the selections on the betting slip and entering the stake, the bookie will automatically calculate the profits, so you know how much you can win. The math behind this process is surprisingly easy and we can describe it clearly in just a few sentences using this double bet example.

Assuming you have $10 at once to bet on two sports events, one with the odds of 1.40 and the other with 2.00. Placing bets on even odds (2.00) is also called EVS betting. If you split the amount and place two individual $5 single bets and both selections win you will have:

✅ $7 winnings on the first bet: 1.40 x $5 = $7

 $10 winnings on the 2nd bet: 2.00 x $5 = $10

 Your net profits in this case will be $7: ($10 + $7) – $10 = $7 

If you choose to add both selections on the same betting slip and bet the entire amount of $10 on this accumulator you will have:

 the total odds will be multiplied: 1.40 x 2.00 = 2.80

 $28 in total winnings: 2.80 x $10 = $28

 the net double bet profit will be $18: $28 – $10 = $18

Both selections need to be winners, but the bottom line is that the double bet will result in bigger profits without requiring a bigger stake.

Placing a double bet – Step by step

It’s so easy to learn how to place double bets that recreational punters and absolute beginners will have no problem in using them effectively. Follow these 4 easy steps to place the easiest type of multiple betting:

Step 1
Choose two sports betting events you want to bet on from the sportsbooks’ selection
Step 2
Click on the odds to have the matches added to your betting slip
Step 3
Enter the stake and the bookmaker’s double bet calculator will suggest the potential profit
Step 4
Place your bet and wait for the events to be settled to claim your profits

How to use double bets in horse racing?

Football is the easiest sport to bet on and the perfect choice for players who have just learned what is a double bet. Having said this, there are other qualifying sports and if you know how to bet on horses, you can place double bets. Betting on horse races is different, with each way betting, lucky 15 and other special betting markets providing punters with unique options. There are many possible combinations, but if you are just learning what is a double bet in horse racing, these are the best options for beginners:

Daily double bet

This is the easiest way to harness the power of accumulators on horse races and one that can generate the biggest winnings. The daily double horse bet implies that you bet on the winners of two consecutive races and have the high odds multiplied. The profits can be massive, but the risks are also considerable, as you need to be both lucky and inspired. Whenever possible, read previews of the race and of course our guide on UK horse racing betting to increase your odds of winning.


Each way double bet

The difference between this type of wager and the classic daily double bet is that both selections involve horses running in the same race. Essentially, you must indicate the names of the horses that will win the race or finish inside the top four places. The stake is divided so you’d have two chances to win. High stakes betting sites have ample coverage to major horse racing events and can extend the each way double bet down to the 6th or 7th positions.

Different types of multiple betting

Once you learn what is a double bet and how to use it successfully you can consider other types of accumulators. These are some of the most profitable football betting options, as the higher the number of selections, the higher the odds. Accumulators can include anything from two selections to 20, 25 or even more and the odds are multiplied to generate ever bigger winnings. Once you understand what is a double betting football, you can place triple, quadruple bets and more complex accumulators.

Some bookmakers have risk free bets offers on accumulators that have three or more selections to new and existing punters. If you read a sportsbooks review, you can find such free bets on ACCAs, as these types of bets are sometimes referred to. Even if the standard double bet isn’t eligible for such bonuses, you can expand the double bet strategy to these accumulators. They are perfect when you bet on football events with low odds, such as the BTTS strategy, which stands for the both teams to score in a match. We also recommend checking our best staking plan for low odds.

Risks and benefits of double bets

PROS

  • The odds are multiplied so you can win more
  • You can add more selections on the same betting slip
  • Some bookmakers offer free double bets
  • It is possible to combine bets from different sports

CONS

  • Both selections need to win to make a profit
  • Some bookmakers don’t offer the cash out feature on double bets

Double bet FAQs answered

You can place a double bet on football, tennis, American sports, horse racing and pretty much any other sport. The same goes for markets accepted, as you can combine main bets with special markets to create accumulators that contain two or more selections.

It is normally prohibited to place a double bet on the same match and some bookmakers don’t even allow punters to combine bets on the same team. The best sportsbooks have introduced bet builders, which enable players to place a double bet on the same match and even and three or more selections.

The double bet has the merit of producing bigger winnings than single bets, as the odds are multiplied instead of added up. If you want to maximize your profits, then the double bet is the superior option, but you need to make successful selections to finish in the money.

The easiest way to calculate the profits resulting from a double bet is to multiply the odds on the betting slip. The bookie will do that on your behalf, as the odds for accumulators are automatically calculated.

Use the double bet to boost the odds and maximize profits

You don’t need to be an expert punter to understand what is a double bet, as it is the most straightforward type of accumulator. By choosing to add both your selections on the same betting slip you will multiply the odds, hence generate bigger potential winnings.

If you seek to boost your profits and make the most of the odds offered by the bookmaker, use the double bet as an effective instrument regardless of your sport of choice. Find the sportsbooks offering the biggest odds to extract the maximum from double bets.