One of the most popular and simplest forms of a multiple bet, a double bet consists of two outright/single bets with the odds combined together. This type of betting is particularly popular among the betting community due to its ease of use and the potential for greater returns compared to if two single bets were placed. 

Both selections must be successful in order to have a winning double bet. Therefore there is a higher risk with doubles compared to singles. 

Double bets can be made on a variety of sports including football, tennis, horse racing and rugby by combining different events into one bet. Many punters will choose to capitalise on this form of wagering where there are many events taking place over a short period.

What is an each-way double bet?

If you had instead decided to place an each-way double on two horses for example, then each horse must finish first for you to receive full winnings, a place finish from either horse will still see some return but not as much as if both had won outright.

What Are Some of The Major Advantages Of Placing A Double Bet?

Double bets provide punters with an easy way to turn small stakes into large returns due to their combination system which multiplies probabilities from each event into one greater set figure, allowing them to back lower value favourites simultaneously yet still see good returns if they are successful in their predictions.

What Are Some Of The Major Risks Of Making A Double Bet?

The major risk associated with this type of multiple betting is that both selections must come through in order for you to gain any kind of return, since each event builds upon itself, when one fails so does everything else. As a result, the risk is bigger. It is important for punters who choose this route to understand how vital research is in order to make informed decisions before placing these types of bets.  

On Which Sports Can I P lace A Double Bet?

Almost every sport offers some form of market suitable for double betting, as long as there are two outcomes that meet the criteria used by bookmakers then the chances are you’ll be able to find something suitable to fit your tastes or preferences.