Canadian Bet Calculator
Double bets are one of the most popular accumulators as they are incredibly simple. They are made up of two selections, and both need to be correct in order to land a return. Double bets, also known as doubles, offer higher returns than singles, and provide a better chance of winning than multi-bet accumulators. This means they are used by a large proportion of sports punters, and a double bet calculator can help you refine your bet before you make it.
The good thing about doubles is that you can back two of your top choices, then potentially land the same return as you would in a scenario where you place a single bet on a team that has poor odds of winning a game. This is because the two sets of odds are multiplied by each other. However, even though only two selections need to be guessed correctly, there will be no returns for only one, meaning you could lose some money.
If the first selection in a double bet wins, these winnings are taken forward as the stake for the second selection. It’s a bet which is popular with those who have become used to single bets, but want to try a slightly different take. The beauty of betting calculators is that you can try out the double bet calculator, then switch back to a single bet calculator if you want to compare odds and returns.
It’s most common to use a double bet on football or horse racing, as there is practically no end to the number of combinations you can use. The potential profits are much higher than what is seen with single bets, making it a popular choice for punters, especially those who are certain they can get a winning selection carried forwards and their winnings multiplied.
Double bets carry more risk than single bets due to the fact that both parts of it have to win in order to generate a profit, and if either part fails, you will lose the bet altogether. This can lead to people deciding to place several single bets instead, as they will receive smaller but more consistent profits. However, if you place doubles, your profits will increase at an accelerated rate in comparison.
Lots of punters will opt for each way double betting, and this is particularly popular with horse racing. To do this, you pick two selections in two different events, then back them each way. This means that they will both equate to two separate double bets – a win double and a place double. The cost is usually the same as doing an each way bet on a single selection. The difference occurs in that the first selection of the each way double – the win double – is carried forward to the second selection (the place double). Due to this cumulative effect, the odds won’t even need to be particularly good for you to receive a decent profit from your wagers. All you need is the two wins in order for a good return.
The each way conditions can be selected as an option on a double bet calculator. This is one of the steps you take to find out what your potential profit would be. The other steps are entering your stake, choosing the bet type and entering the bet odds. This allows you to see your total stake, return and profit, and to experiment with the variables until you’ve found a combination you want to bet in real time.
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