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.
