If you need assistance figuring out the potential return from your double bet so you won’t need to multiply the numbers yourself, or if you wish to adjust your stake but are unsure how it will affect your bet, a double bet calculator can come in handy. Check it out below.
What Is a Double Bet
A double bet is a good solution when you wish to bet on two events (like two horse races or two football matches) because it brings higher returns than two separate single bets. So, a double bet is a bet that consists of two selections or two legs from two different events.
Most bookmakers allow you to include different markets on your bet slip as long as they come from separate events. So, for example, your double bet can have one winner market and one goals market, or a halftime/full-time market and correct score one. Make sure to check the sportsbook betting rules before making your bet.
How Does a Double Bet Calculator Work
A double bet calculator is actually quite a simple tool to use. All you need to do is insert your desired stake and the odds for the two markets you choose. The odds of your two selections then multiply each other before they get multiplied by your stake to give you the potential return on your bet.
It simplifies the process of calculating the potential profit you can get from the bet and allows you to see what would happen if you increased or decreased the stake to better manage your risks.
The win double bet calculator, however, doesn’t calculate inherent risks in each leg of your bet, so just like with any other bet, there are no guarantees it will win or that the payout will be exactly what the tool calculated.
Example of a Winning Bet
For your double bet to win, both selections from your bet slip must win. For example, if you bet that Arsenal will win the match and that Manchester City and Liverpool will both score in the first half of their match, you will need all that to happen to actually get a payout.
Let’s say that you wish to bet €10 at odds 2.5 and 2.25. The double bet return calculator would show you that your total return on that bet will be €56.25 if that bet wins.
The calculator can’t calculate losing bets because if one of your selections loses, your double bet also loses.
Benefits of Using a Double Bet Calculator
Your betting experience should be fun, not a math problem you must solve. Calculators are here to make your life easier and simplify the betting process. Here are some benefits of using a double bet return calculator when placing a double bet:
Free and Easily Accessible
Our double bet odds calculator, like most others, is free and easily accessible online. It is an educational tool you can use to avoid calculation errors and make a more informed decision when placing your bet. If you wish to test adding another leg to your bet, you can easily do that by selecting a treble bet from the drop-down menu.
Accuracy
It’s true that there aren’t many numbers you need to multiply to get a potential return on your double bet, but odds are rarely in a nice, round-number format, so there is no need to calculate the potential winnings yourself. All you need to do is insert all the information correctly, and you’ll instantly get the result, so you’ll know what to expect if your bet wins.
Risk Management
If you are not sure how much you should stake for your bet or if the odds are right for how much you’re willing to risk, a free double bet calculator can help you decide what to do. Adjust the parameters of your bet and see how the outcome changes and what it means for you.
Who Can Use a Double Bet Calculator?
Anybody making a double bet can use the calculator to check what they can potentially get in return. If you wish to do your calculations yourself, you are, of course, welcome to do that, but a double bet calculator makes it easier to make adjustments and see their result. Here’s how a calculator helps:
Novices
If you are new to the world of sports betting and want to see how a double bet works and what to expect from it, feel free to test different variations in a calculator. Depending on where you come from, if you are not familiar with the odds format, you should know that with our double bet calculator decimal odds are the primary format.
Veterans
Experienced bettors are also welcome to use the double bet calculator for their bets. Whether you wish to see what an adjusted stake amount does to your bet or to see what odds bring you a desired potential return on your bet, a calculator can tell you all that.
Which Sports Can I Use a Double Bet Calculator for?
A double bet is a simple bet type, and there aren’t really any limitations to what sport you can use it for, just like a single or an accumulator bet. The only thing you need to remember is that you can’t include two markets from the same match on your double bet since that is only reserved for bet builders.
Most operators allow you to mix sports in your double bet, so one of your selections could be a tennis bet and the other football, for example.
Which Competitions Can I Use a Double Bet Calculator for?
When you wish to bet on a particular competition, and it has, for example, reached the semi-finals, there are two games you can bet on that day. That’s when a double bet can come in handy and give you a chance for a bigger payout than you would get from placing two single bets.
You can use a double bet and a double bet calculator for any competition you wish to place a two-selection bet on unless otherwise specified by the bookmaker.
Why Should I Place a Double Bet?
If you wish to bet only on two events or two markets, placing a double bet is a better and more profitable option than placing two single bets. Let’s see that in an example where you wish to bet €10 in total on two markets at the odds of 3.00 and 3.50:
- Two single bets (in case they both win): 5*3.00=15 and 5*3.50=17.5, with a total win being €32.5.
- One double bet: 10*(3.00*3.50)=105, so a total win would be €105.
You can test this by using a single bet calculator twice and then using the same odds and the cumulative stake in a bet double calculator.
Other than that, you can use a double bet when convenient or when you wish to separate multiple selections in a couple of batches, for example.
See Also
- If you wish to add another selection to your double bet but are unsure what that would do to the potential return on your stake, you can use the treble bet calculator to manage your risks.
- When there are many events or matches on the same day, you have an opportunity to boost your potential return on a bet even further. If you haven't made a parley (or accumulator) bet before, we suggest that you divide your stake, use the accumulator calculator, and check if you like your odds.
FAQ
How does a double bet calculator work?
When calculating a payout on a double bet calculator, you must input your desired stake and the odds for both selections you wish to bet on, and the calculator will display the potential return on your bet and the potential profit.
How does a double bet work with 4 selections?
The only way for a double bet to have four selections is when your selections are each-way bets. That’s typical for each-way horse racing bets when one selection has two markets: winner and place market.
How to do an each-way double bet?
Let’s say you wish to bet on two horses in two different races. For the first horse, you pick the winner and place markets (to finish in the top three, for example), and then you do the same with the second horse. Add your stake for both bets and wait for the outcome.
