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Last updated: 12/07/2024

Double Your Winnings: How To Work Out A Double Bet

How To Work Out A Double Bet

Double bets are a great way to elevate your strategy without overcomplicating matters. These common sports betting wagers involve merging two single/outright bets into one stake, allowing you to secure a big win. Nice!

In this quick guide, you’ll find everything you need to know, including how to work out a double bet, common mistakes to avoid, and the benefits of this wager. Let’s go.

Understanding Double Bets

So, what is a double bet? 

A double bet is where you combine two individual outcomes in one single bet. You only win if both selections are correct. However, if you predict well, you receive higher returns than a normal single bet.

Double bets are most popular in non-GamStop horse racing, where punters choose two horses to win their respective races. But it can also be applied to sports like football or rugby.

Calculating Potential Winnings

Knowing how to work out a double bet is critical if you want to know your potential winnings. 

The odds for double bets are created by taking the sportsbook or betting site not on GamStop odds of each single bet and multiplying them. This gives you the new odds for the double bet.

For example, if you chose two horses with 4/1 and 3/1 odds, your calculations would be 4/1 x 3/1 = 12/1.

Tips For Placing Double Bets

You can bolster your double-betting experience by using expert-approved tips and tricks. Here are some newcomers and experienced bettors can use:

  • Research and analyse mitigating factors before betting (e.g. weather conditions or injuries)
  • Take time to educate yourself on how double betting works
  • Shop around for odds
  • Add sportsbook promotions where possible
  • Stay informed with last-minute news

Common Mistakes To Avoid

Alongside following expert tips, you should know which double bet errors to avoid. These are some of the more prominent slips we see bettors making:

  • Overlooking research and analysis
  • Following the media buzz and favourites
  • Not setting a budget or managing their bankroll
  • Chasing losses
  • Not adapting strategy to stings of wins or losses

Whether you bet with a UK or independent bookie, make sure you leave these mistakes at the door. You’ll thank yourself when your winnings start piling up. 

Advantages Of Double Betting

Thanks to the endless list of benefits, double betting is a popular strategy for bettors worldwide. From big winnings to flexibility, here are some of the advantages of double betting you need to know:

  • Higher returns due to combined odds
  • Increased game immersion and excitement
  • Variety of places to double bet (e.g. different leagues, sports, and markets)
  • Chance to show off your knowledge and skill

Of course, it’s important to note that double bets have higher odds and more risk. This is because you need both selections to win to receive your payout. So, always thoroughly research and reflect before confirming your betting slip.

Conclusion: Doubling Your Winnings With Double Bets

Double bets are a thrilling way to up your winnings and get more involved in the event. But before you go all-in, ensure you know how to work out a double bet and understand the odds

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Meet Our Team Of Gambling Specialists

Hello! I’m David Goldblatt, the lead author at BettingNonGamStop.com. I’m an experienced sports journalist who transitioned into making online gambling content in the mid-2010s. It’s something that fascinates me and I’ve always loved the way sports betting can make any event more exciting!

When I’m not researching the latest non-GamStop bookies, I’ll be playing football in the park or watching the local cricket club with my mates. I’m a massive advocate for responsible gambling, so feel free to message me if you need help. Other than that, I hope you enjoy my stuff and can find some trustworthy betting sites to join!