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What is a Double Bet?
A double bet is where a punter makes two unrelated selections, and
combines them together into 1️⃣ one bet.
In general terms, a double bet is the most simple
form of multi bet – also sometimes referred to 1️⃣ as a parlay or accumulator.
Other
Betting Types To Explore: All Up Bet | Duet Bet | Each Way Bet | 1️⃣ Exacta Bet | First
Four | Lay Bet | Place Bet | Quadrella Bet | Quinella Bet | Same Race 1️⃣ Multi Bet |
Treble Bet | Win Bet
Picture: Getty Images
How Does a Double Bet Work?
With a double
bet, the punter 1️⃣ makes a selection in two different races. For the bet to win, both
selections (or ‘legs') must win. If either 1️⃣ leg loses, the bet loses.
How To Work Out a
Double Bet Payout
If you're taking a simple fixed-odds double – usually 1️⃣ referred to as
a multi – then the odds are simply the odds of each individual bet, multiplied
together.
For example, 1️⃣ if your double includes one horse payingR$3 and another
payingR$4, the odds on your double will beR$12.
$3 xR$4 =R$12
Odds for 1️⃣ Bet 1 x Odds for
Bet 2 = Double Odds
How To Place a Double Bet
Placing a double bet couldn't be
1️⃣ easier!
Just put both of your selections into your bet slip in whichever betting app
you're using. Once you've done that, 1️⃣ you'll be able to combine them both under ‘Double'
or ‘Multi'.
What is a Daily Double in Horse Racing?
A Daily Double 1️⃣ is a similar concept
to any other sort of Double bet – that being, you need to pick the winner 1️⃣ of two
different races.
However the Daily Double is a tote product, so uses a betting pool.
You therefore won't know 1️⃣ the dividend until after the race!
Two races are selected for
the Daily Double – they'll often be the day's best 1️⃣ or feature race, and the last race
on the card.
Punters need to pick the winner of both races to win 1️⃣ the Daily Double.
How
To Place a Daily Double Bet?
While Daily Doubles pools in Australia are hosted by TAB,
you can 1️⃣ place a Daily Double bet with any online bookmaker, and they'll pay you out
with the same dividends.
Just head to 1️⃣ the meeting you want and the Daily Double option
won't be hard to find. Then you enter your selections and 1️⃣ your stake, and you're
on!
How Much is a Daily Double Bet?
A simple Daily Double, where you select one horse
in 1️⃣ each race, costsR$1 for a 100% flexi percentage.
You can stake more on the same bet,
and your flexi percentage will 1️⃣ simply increase.
For example, if you stakedR$4 on the
same bet, your flexi percentage would be 400%, entitling you to 400% 1️⃣ of the declared
dividend.
You can also include more than one selection in either race if you like. The
cost of 1️⃣ this bet (for 100%) depends on how many combinations you have.
For example, if
you include three horses in the first 1️⃣ leg and two in the second, you will have a total
of six combinations. This bet would therefore costR$6 for 1️⃣ a 100% flexi percentage.
How
Much Does a Daily Double Bet Payout?
Your Daily Double payout is simply your flexi
percentage multiplied 1️⃣ by the declared dividend.
Daily Double Betting Tips
For the best
Daily Double tips, stay tuned to the Racenet horse racing tips 1️⃣ page which is updated
daily.
Our experts can help guide you through which horses to include in your Daily
Double.
What is 1️⃣ a Daily Double Flexi Bet?
Flexi betting allows you to stake more or
less on a certain bet, and receive more 1️⃣ or less of the dividend if you win.
Our
previous example with six combinations would costR$6 for a 100% flexi dividend.
If 1️⃣ you
stakedR$12 on the same bet, your flexi percentage would be 200%.
If you stakedR$3, your
flexi percentage would be 50%. 1️⃣ The flexi percentage is applied to the dividend to
determine your payout.
What is a Running Double in Horse Racing?
A Running 1️⃣ Double is
similar to a Daily Double, but can be taken on any two consecutive races at a race
meeting. 1️⃣ For example, on a nine-race meeting there will be eight Running Double
pools:
Race 1 & Race 2
Race 2 & Race 1️⃣ 3
Race 3 & Race 4
Race 4 & Race 5
Race 5 & Race
6
Race 6 & Race 7
Race 7 & Race 1️⃣ 8
Race 8 & Race 9
How Does a Running Double Bet Work?
A
Running Double works in exactly the same manner as 1️⃣ a Daily Double – but can be taken on
any two consecutive races on the card.
Double Bet FAQs
How Does an 1️⃣ Each Way Double
Work?
Like an each-way bet, an each-way double is actually two bets in one: a win
double and 1️⃣ a place double.
The win double requires winners in both legs, while the
place double requires winners or placegetters in both 1️⃣ legs.
What is a Double vs
Exacta?
An exacta requires the punter to select first and second in one race, while a
1️⃣ double requires winners in two separate races.
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