Double Bet Calculator – See What You Could Win

Welcome to this guide to using our double bet calculator. You’re going to learn how it works and about the different types of odds and bets that it can process. 

What is a Double Betting Calculator & How Does It Work? 

A double is a bet that features two separate bet selections. For example, two of our horse racing tips for today. Both must win for your overall wager to be successful.

The initial stake, along with any winnings from the first successful selection, rolls over to the second bet. This process can get complex, depending on the stake, odds, and outcome of the bet.
Our online bet calculator makes it easy. Here are the steps that you need to take to calculate your double bet. 

1. Choose Your Stake – While some wagers feature double stakes or other multiples, a double is just a single stake, so add how much you want to bet and that will be the total cost.
2. Select Your Preferred Odds – There are different types of betting odds formats, so choose from fractional, decimal or American.
3. Toggle Each Way – You can select whether you want to make it an each-way bet. While you can place an each-way double, for the purposes of this example, we’re going to keep the ‘No’ box ticked.
4. Add the Odds – Enter the odds of your horse racing bet, which must align with the current odds format that you have selected. As it’s a double, there will be odds to enter for both of your two selections. 
5. Select Result – There are various choices of results, which are won, placed, dead heat, lost and void.
6. Calculate Your Wager – Now just click on the calculate button to show your total stake, potential returns and profits.

Always remember to select the Rule 4 option. Should there be a withdrawal at Fairyhouse, for example, then Rule 4 could come into play. This will see a deduction made to the winnings and you can select the rate of that deduction on the calculator.

Double Odds Calculator Formats 

Our double bet calculator offers three different odds formats, each displaying potential winnings for a given stake but in a unique way.

Here’s a breakdown of each available odds type for your racing results and how they work.

• Fractional Odds – The default format on our double bet calculator is fractional. Here, the second number represents your stake, while the first number shows potential winnings from that stake. For example, odds of 4/1 mean a £1 bet could return £4. With odds of 9/2, a £2 bet wins £9, or a £1 bet wins £4.50.
• Decimal Odds – Decimal odds are straightforward and ideal for doubles on separate events. A single decimal figure represents the total return, including the stake, based on a bet of 1.0. For instance, odds of 5.0 mean a 1.0 bet returns a total of 5.0, comprising the original 1.0 stake plus 4.0 in winnings (1 + 4 = 5).
• American Odds – American odds display odds on favourites with a minus sign. This figure indicates how much you need to bet to win $100. For example, -130 means you’d need to bet $130 to win $100. For underdogs, a plus sign shows how much you’d win from a $100 bet. Thus, +200 means a $100 bet could return $200.

Other Bet Types in Our Double Bet Calculator

Use our double betting calculator to work out other bet types by selecting them from the drop-down menu provided. Or, change the online calculator from the double bet type to any of these.

• Single – Wager on one horse to win. 
• Each Way – This wager contains two bets, with one being a win bet and one being a place bet. Therefore, whatever figure you choose as your each-way stake is doubled.
• Treble – A treble bet calculator can be used for this type of wager, which has three separate selections, which form one bet.
• Accumulator – An accumulator bet sees four or more selections combined to make one wager. 
• Trixie – Four bets from three picks (3x doubles, 1x treble).
• Patent – Seven bets from three selections (3x singles, 3x doubles, 1x treble).
• Yankee – 11 bets from four picks on racecards (6x doubles, 4x trebles, 1x accumulator).
• Lucky 15 – 15 bets from four selections (4x singles, 6x doubles, 4x trebles, 1x accumulator).
• Canadian – 26 bets from five picks (10x doubles, 10x trebles, 5x four-folds, 1x accumulator).
• Lucky 31 – 31 bets from five selections (5x singles, 10x doubles, 10x trebles, 5x four-folds, 1x accumulator).
• Heinz – 57 bets from 6 picks (15x doubles, 20x trebles, 15x four-folds, 1x accumulator).
• Lucky 63 – 63 bets from 6 selections (6x singles, 15x doubles, 20x trebles, 15x four-folds, 1x accumulator).
• Super Heinz – 120 bets from 7 picks (21x doubles, 35x trebles, 35x four-folds, 21x five-folds, 7x six-folds, 1x accumulator).
• Goliath – 247 bets from 8 selections (28x doubles, 56x trebles, 56x four-folds, 70x five-folds, 56x six-folds, 28x seven-folds, 1x accumulator).

You can use our calculators when weighing up the best horses from racecards you want to bet on.