Double Bet Calculator

A double bet is another 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 return on this type of wager, use our Double Bet Calculator tool below.

What is a Double Bet?

Unlike single bets, where you can choose two separate selections and win on each independently, double bets pay out differently. When you select two legs for your double bet, the return from the first event, provided it wins, is carried forward to fund 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 odds of a double bet are greater than the odds offered on two separate selections. By using our Single Bet and Double Bet Calculators, you can easily spot the difference in potential returns.

Double bets are popular among fans of football, tennis, horse racing, and many other sports. While the challenge is to win both legs, the potential return is significantly higher with double bets. The odds on this type of wager are calculated by multiplying the odds on each selection. The product represents the combined odds of your double bet, and the wager pays out only if both legs win.

It is also possible to place an each-way double bet, which is similar to a single each-way wager. In this case, you place two identical wagers on two selections, and both each-way parts must win for you to receive a return on your double bet.

How Does Our Double Bet Calculator Work?

To calculate the potential return on your double bets, use our calculator tool, which is extremely easy to navigate and instantly shows the profit you can expect. To adjust the odds format of the calculator, 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 finish adjusting the settings, choose whether you have opted for each way betting. You should also specify the number of selections you want to include. Because you are making 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 (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 include 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 of your double bet in whichever format you prefer. The next step is to enter the amount you would like to bet, and our calculator lets you choose whether this amount is your total stake or the stake per bet.

After you enter all the information, you will see the total stake, the single-bet amount, the total return, and the total profit you can expect from your double bets. You can 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 returns is still easier with a dedicated calculator. Thanks to this type of tool, you can also clearly notice the difference between making two single bets or opting for a double bet. With the help of our Double Bet Calculator, you can 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 you place any wagers with a sportsbook. If you are interested in multiple bets, you can also check our Treble Bet Calculator and Accumulator Bet Calculator.