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What Is A Double Bet? Bet Types Explained With Examples

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A double bet consists of two single bets being combined to form one bet. For a double bet to be settled as a winner, both selections must win. If one was to win, and one was to lose, then the double bet would be settled as a loss.

The odds of a double bet will be greater than if you were to back each selection involved in the double as a single, which is why it’s a popular type of bet for sports bettors.

The majority of leading bookmakers allow you to make double bets from different sporting events, and with plenty of sports to choose from, you’ll be spoilt for choice on what they have to offer.

Double Bet Examples

Football

Football is one of the most popular sports to wager your funds on with the majority of leading bookmakers in the UK. Punters are always looking to maximise a potential profit on bets and double bets are a great way to improve potential returns.

Below, we’ve listed an example of a double bet in football from Betfair, which is a great betting site to use if you’re not already signed up with them. They have a strong range of betting markets on football in particular, and with an impressive sign-up offer that includes free bets, there’s little room to fault them.

Horse Racing

A double bet in horse racing isn’t too different from a double bet in football. You’re still needing both selections in your double bet to win for it to be settled as a winning bet. If one of the horse racing selections doesn’t win a race, and you’ve not covered it on an each-way double, then your double will be settled as a loss with your chosen betting site.

Below, we’ve listed you with an example of a horse racing double bet on William Hill, who are a well-established bookie in the industry, so it won’t come as much of a surprise to hear that they’re one of the best around.

How To Work Out A Double Bet

The odds for a double bet are worked out by taking the odds of each single bet involved in the double bet and then multiplying those odds together to create your double bet odds.

What Is An Each Way Double Bet?

An each way double bet is hugely popular amongst horse racing bettors, as they can cover themselves with some insurance on their betting selections. An each way double involves picking two selections, each in different races, and then placing two double bets, a win double and a place double. The win double would need both horses to win to be successful, while the place double needs both horses to place to be successful.

It’s important to remember that because you’re technically placing two bets in one, your stake will be double what a normal double bet would be. For an each way bet to be paid out in full, both selections involved in their respective races would have to win.

If one was to win, and one was to place, then your ‘win bet’ would be settled as a loss, but your ‘place bet’ would be settled as a winner. However, if one of the selections doesn’t win or place, then both parts of your each way double bet would be a losing one.

How To Place A Double Bet (On Sky Bet)

It’s a relatively simple process to place a double bet. However, if you’re still struggling, we’ve provided you with a useful step-by-step guide on how to place a double bet on Sky Bet, which is a great betting site to use, especially when they have a solid welcome bonus on offer to new customers.