Double Bet Calculator

A double bet is a simple type of wager that bettors can place on various sporting and non-sporting events. It is a multi-bet option consisting of two selections, and it pays out only if both selections win. To calculate the potential return on this type of wager, use our Double Bet Calculator below.

What is a Double Bet?

Unlike single bets, where you can place two selections as separate wagers and each can win independently, double bets pay out differently. When you choose two legs for your double bet, the return from the first selection, provided it wins, is carried forward as the stake for the second leg. Therefore, both selections must win for you to receive a payout.

If you are new to sports betting, you may not immediately see the advantage of placing a double bet instead of two single bets on the events you want to back. Put simply, the combined odds of a double bet are higher than the odds for either selection on its own. By using our Single Bet and Double Bet Calculators, you can easily compare the potential returns.

Double bets are popular among fans of football, tennis, horse racing, and many other sports. While correctly predicting both legs can be challenging, double bets can offer a higher potential return. The odds on this type of wager are calculated by multiplying the odds for each selection. The result represents the combined odds of your double bet, which pays out only if both legs win.

It is also possible to place an each-way double, which works similarly to a single each-way wager. In this case, the stake covers a win double and a place double, with the outcome of each part depending on both selections.

How Does Our Double Bet Calculator Work?

To calculate the potential return on your double bets, use our calculator tool, which is easy to navigate and instantly displays your estimated potential profit. To adjust the calculator’s odds format, open the settings and choose from the most common formats. You can also add notes to your selections or turn on the special Each-Way settings.

Once you have adjusted the settings, indicate whether you have opted for each-way betting. You should also specify the number of selections you want to include. Because you are calculating a double bet, the minimum number of selections is two, but you can display returns for up to 20 selections. Keep in mind that if you choose more than two selections, your wagers will be treated as perms, or combinations of bets.

If you are betting on a runner in a horse-racing event and Rule 4 applies, you can adjust the calculator’s settings to account for this rule in your potential return estimate. Next, choose the outcome of each selection: Winner, Dead Heat, Lost, or Void/Non-Runner.

Enter the odds for each selection in your double bet using whichever format you prefer. The next step is to enter the amount you would like to bet. Our calculator lets you specify whether this amount is your total stake or the stake per bet.

After entering all the required information, you will see the total stake, the single-bet amount, the total return, and the estimated total profit from your double bets. You can then save the generated betslip or clear all the details you have entered.

Why Should You Use a Double Bet Calculator?

Although double bets are the simplest form of multiple wagers, calculating your potential returns is still easier with a dedicated calculator. This type of tool allows you to clearly compare placing two single bets with placing a double bet. With the help of our Double Bet Calculator, you can also see how increasing the number of selections affects both your total stake and your potential return.

Simply put, using a Double Bet Calculator helps you determine your potential return before placing any wagers with a sportsbook. If you are interested in multiple bets, you can also try our Treble Bet Calculator and Accumulator Bet Calculator.