Double Bet Calculator
Calculate Your Double Bet Returns
The Double Bet Calculator is a simple yet powerful tool designed to calculate the potential returns and profit from your double bets.
This tool makes it easy to account for outcomes, odds formats, Rule 4 deductions and each-way options in just a few steps saving you time and effort.
Whether you're a casual bettor or a seasoned punter, this calculator provides the precision and efficiency needed to make confident double betting decisions.
What Is A Double Bet?
A double bet combines two individual selections into a single wager. Both selections must win for the double bet to be successful.
The stake and returns from the first selection roll over to the second selection which can lead to greater payouts compared to placing two single bets separately.
However, if either of the selections loses, the entire double bet loses.
Why Use A Double Bet Calculator?
Calculating returns for a double bet manually can be tricky especially if dealing with conditions like Rule 4 deductions, dead heats or each-way options.
The Double Bet Calculator simplifies this by:
- Handling all scenarios: Automatically calculates returns and profit based on odds, outcomes and stake.
- Providing customisation: Includes options for Rule 4 deductions, each-way bets and all popular odds formats (Decimal, Fractional, or American).
- Saving time: Offers quick, accurate results so you can focus on your betting strategies.
How To Use The Double Bet Calculator
Follow these step-by-step instructions to calculate your double bets:
1. Choose Your Odds Format:
Begin by selecting your preferred odds format:
- Decimal (e.g., 6.00)
- Fractional (e.g., 5/1)
- American (e.g., +500)
2. Indicate Each-Way Bet:
Specify whether your double bet includes each-way bets by selecting "Yes" or "No".
Each-way bets double your stake, covering both the win and place outcomes.
3. Apply Rule 4 (If Applicable):
If Rule 4 deductions apply (due to non-runners or other reductions in odds), choose "Yes" to include these adjustments in the calculation.
4. Input Betting Odds for Both Selections:
Enter the odds for both selections in your double bet.
5. Select the Outcome for Each Bet:
For each selection, choose one of the following outcomes:
- Winner: The selection wins outright.Loss: The selection loses.
- Void: The selection is void, often due to non-runners or event cancellations.
- Dead Heat: The selection ties with others in the event.
6. Enter Your Stake Amount:
Input your stake amount, either as:
- Stake per Bet: The amount staked on each selection.
- Total Combined Stake: The total amount wagered across both selections.
7. Review the Outputs:
Once all the details are entered, the calculator will instantly provide the following results:
- Total Outlay: The total amount of money staked, including each-way bets if applicable.
- Total Return: The total payout based on your inputs, including bonuses and Rule 4 adjustments.
- Total Profit: The net profit after deducting your total outlay from the total return.
What Makes This Calculator Useful?
The Double Bet Calculator is tailored to simplify the calculation process for this popular bet type by:
- Supporting advanced features like Rule 4 deductions, void selections and dead heats.
- Offering flexibility with each-way options and all major odds formats.
- Delivering accurate results quickly for both beginners and experienced bettors.
Take the hassle out of calculating your double bets and gain a clear understanding of your potential returns with this straightforward tool.