Double Bet

What does Double Bet mean in betting?

Double bet is one of the most used types of bets in sports betting. It has been used for decades and it’s still among the most popular bets in both land-based betting shops and online bookmakers.

According to many experts, Double Bet represents the simplest type of a parlay. In terms of sports betting, this means placing a bet on two teams or two players or any two selections that the bookmaker has in its offer. If you lose one of the picks, you will lose your wager. So, Double Bet is a kind of bet that doesn’t require much research compared to accumulators for example.

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What does Double Bet mean in betting?

Double bet is one of the most used types of bets in sports betting. It has been used for decades and it’s still among the most popular bets in both land-based betting shops and online bookmakers.

According to many experts, Double Bet represents the simplest type of a parlay. In terms of sports betting, this means placing a bet on two teams or two players or any two selections that the bookmaker has in its offer. If you lose one of the picks, you will lose your wager. So, Double Bet is a kind of bet that doesn’t require much research compared to accumulators for example.
What is a Double Bet?

A Double Bet is a commonly used type of bet where players are pairing up two selections in one bet. In order to win this bet, you will have to win both selections. The basic idea is to place a bet that will bring you additional profit. Obviously, when there are two instead of one selection, there’s more risk involved too. Yet, many experts in this area often call Double Bets the simplest type of accumulator.

Double Bet Example

Even though Double Bets are easy to understand, we will provide a Double Bet example that will clear all the potential dilemmas. Let’s say that you are placing a stake that is worth £10 on two selections that come with odds of 2.00 and 3.00. So, in this case, you will have to multiply all the numbers to get the potential reward you can expect – that’s 10 * 2.00 * 3.00 which equals £60. You can notice the difference if you are playing on single selections with the same amount of money. £5 on 2.00 will return £10 while £5 on 3.00 will return £15. That’s £25 in total. A Double Bet promises a return of £60. Obviously, there’s more risk involved, but for most players, it’s worth it.

How does a Double Bet work each way?

There is no middle ground in Double Bet. You can either win or lose the wager you’ve placed. If you are looking for something else, then you should probably check insurance betting options. Double Bet has a straightforward mechanics where a bettor has to pick two selections and both of these selections have to be winners if you want to win the bet. If you lose just one of them, your stake is gone.
Advantages of making a Double Bet

The main advantage of double bets is the fact that you can win higher amounts of money for a smaller stake compared to singles. Of course, this kind of bet will make you show interest in more than one event. It’s also not that difficult to select two matches compared to accumulators where you have to make four, five or more selections. All in all, Double Bets are fun, potentially profitable and simple bets that come with a relatively low risk especially when compared to accumulators.

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