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The term bet can be used in a few different ways, but generally means "agreed" or "okay". For example, if someone says "Wanna grab lunch later?" and the other person responds "Bet", it means they agree to the plan. Bet" can also be used as a response to confirm that a statement is true.
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If you are looking to step up your betting game with multiple betting, double betting is a perfect first step. This article will provide you with a double bet explanation. So stick around if you are interested in how to double bet, and how you can use a double bet calculator.
What Is A Double Bet?
Double betting is the simplest betting accumulator. As you can guess from its name, a double bet is a wager on two selections. To get a return, both of your selections need to be correct. Consequently, your two bets will have to be on two separate events.
In order to calculate your returns, you must multiply the odds of each individual bet, and then multiply the result with your wager. As you can see, since the odds of two events combine into one, you will be in for a bigger profit. Double bets are riskier but pay more.
To give you a proper double betting explanation, and show you how to double bet, here is an example. Say you want to place a bet on two football matches. You can bet on the winner of the first match at 1/2 and on the winner of the second match at 2/1. The combined odds of your two selections would equal 7/2. Multiplied with your wager – let’s imagine it’s £20 – and your total returns will be £90, so your profit is £70.
