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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 💶 one bet.

In general terms, a double bet is the most simple

form of multi bet – also sometimes referred to 💶 as a parlay or accumulator.

Other

Betting Types To Explore: All Up Bet | Duet Bet | Each Way Bet | 💶 Exacta Bet | First

Four | Lay Bet | Place Bet | Quadrella Bet | Quinella Bet | Same Race 💶 Multi Bet |

Treble Bet | Win Bet

Picture: Getty Images

How Does a Double Bet Work?

With a double

bet, the punter 💶 makes a selection in two different races. For the bet to win, both

selections (or ‘legs') must win. If either 💶 leg loses, the bet loses.

How To Work Out a

Double Bet Payout

If you're taking a simple fixed-odds double – usually 💶 referred to as

a multi – then the odds are simply the odds of each individual bet, multiplied

together.

For example, 💶 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 💶 Bet 1 x Odds for

Bet 2 = Double Odds

How To Place a Double Bet

Placing a double bet couldn't be

💶 easier!

Just put both of your selections into your bet slip in whichever betting app

you're using. Once you've done that, 💶 you'll be able to combine them both under ‘Double'

or ‘Multi'.

What is a Daily Double in Horse Racing?

A Daily Double 💶 is a similar concept

to any other sort of Double bet – that being, you need to pick the winner 💶 of two

different races.

However the Daily Double is a tote product, so uses a betting pool.

You therefore won't know 💶 the dividend until after the race!

Two races are selected for

the Daily Double – they'll often be the day's best 💶 or feature race, and the last race

on the card.

Punters need to pick the winner of both races to win 💶 the Daily Double.

How

To Place a Daily Double Bet?

While Daily Doubles pools in Australia are hosted by TAB,

you can 💶 place a Daily Double bet with any online bookmaker, and they'll pay you out

with the same dividends.

Just head to 💶 the meeting you want and the Daily Double option

won't be hard to find. Then you enter your selections and 💶 your stake, and you're

on!

How Much is a Daily Double Bet?

A simple Daily Double, where you select one horse

in 💶 each race, costsR$1 for a 100% flexi percentage.

You can stake more on the same bet,

and your flexi percentage will 💶 simply increase.

For example, if you stakedR$4 on the

same bet, your flexi percentage would be 400%, entitling you to 400% 💶 of the declared

dividend.

You can also include more than one selection in either race if you like. The

cost of 💶 this bet (for 100%) depends on how many combinations you have.

For example, if

you include three horses in the first 💶 leg and two in the second, you will have a total

of six combinations. This bet would therefore costR$6 for 💶 a 100% flexi percentage.

How

Much Does a Daily Double Bet Payout?

Your Daily Double payout is simply your flexi

percentage multiplied 💶 by the declared dividend.

Daily Double Betting Tips

For the best

Daily Double tips, stay tuned to the Racenet horse racing tips 💶 page which is updated

daily.

Our experts can help guide you through which horses to include in your Daily

Double.

What is 💶 a Daily Double Flexi Bet?

Flexi betting allows you to stake more or

less on a certain bet, and receive more 💶 or less of the dividend if you win.

Our

previous example with six combinations would costR$6 for a 100% flexi dividend.

If 💶 you

stakedR$12 on the same bet, your flexi percentage would be 200%.

If you stakedR$3, your

flexi percentage would be 50%. 💶 The flexi percentage is applied to the dividend to

determine your payout.

What is a Running Double in Horse Racing?

A Running 💶 Double is

similar to a Daily Double, but can be taken on any two consecutive races at a race

meeting. 💶 For example, on a nine-race meeting there will be eight Running Double

pools:

Race 1 & Race 2

Race 2 & Race 💶 3

Race 3 & Race 4

Race 4 & Race 5

Race 5 & Race

6

Race 6 & Race 7

Race 7 & Race 💶 8

Race 8 & Race 9

How Does a Running Double Bet Work?

A

Running Double works in exactly the same manner as 💶 a Daily Double – but can be taken on

any two consecutive races on the card.

Double Bet FAQs

How Does an 💶 Each Way Double

Work?

Like an each-way bet, an each-way double is actually two bets in one: a win

double and 💶 a place double.

The win double requires winners in both legs, while the

place double requires winners or placegetters in both 💶 legs.

What is a Double vs

Exacta?

An exacta requires the punter to select first and second in one race, while a

💶 double requires winners in two separate races.