Double Bet Calculator – Calculate Double Bet Winnings
Double bets are extremely popular among sports bettors in the UK. They allow you to combine two events into one single bet. By doing so, you get greater odds and therefore a greater potential payout than you would if you placed two singles. Of course, both ‘singles’ have to win for your overall double bet to win. You can work out the potential value of any double bet with our double bet calculator.
What is a Double Bet calculator?
Calculating wins from a double bet is not too difficult, but it’s not as easy as calculating returns from a single bet. For a start you have to remember it’s your return from your first bet that you use as a stake for your second, not your winnings. For this reason, mistakes can happen.
You can eradicate the possibility of mistakes by using our free double bet calculator, which can also function as an e/w double bet calculator. Just input the values as you need, click calculate and allow our free tool to crunch the numbers!
What is a Double Bet?
As explained previously, a double bet is two single bets combined. If the first bet wins, then the returns from that bet are used as the stake for the second. If that bet then also wins, then your payout is greater than what it would have been if you’d placed two singles. If only one of your bets wins, then your double bet will fail.
Let’s look at a football betting example using two EPL matches, Newcastle v Arsenal and Fulham v Leicester. You think that Newcastle and Fulham will win the games. Newcastle are priced at 29/20, and Fulham at 13/8. You decide to place two singles £1 and work out your potential winnings:
- Newcastle £1 to win at 29/20 = £1.45 profit + £1 stake = £2.45 return
- Fulham £1 to win at 13/8 = £1.63 profit + £1 stake = £2.63 return
Total profit: £3.08, total returns: £5.08
However, an alternative would be to place a £2 double bet instead. Here are the potential winnings.
- Newcastle £2 to win at 29/20 = £2.90 + £2 stake = £4.90 return
- Fulham £4.90 to win at 13/8 = £7.96 profit + £4.90 stake = £12.86 return
Total profit: £10.86, total returns: £12.86
Therefore it is potentially better to place a double bet at a UK online bookmaker, as opposed to two singles as you’ll get back over double if both Newcastle and Fulham win. The downside is with a double bet, if only one of Newcastle and Fulham win, then you don’t get anything back from double bet, although you would if you’d placed two singles. Of course if both teams lose you get back zip, no matter which bet you placed!
A Word on Cross Bets
Some people confuse a double bet with a cross bet (also known as a vice versa or up-and-down bet). A cross bet is an ‘any to come’ bet that some bookies (not all) will allow you to place. Like a double bet, it consists of two selections with a set bet unit for each. If Selection A wins, then the bet unit amount is taken from the returns and placed on Selection B. If Selection B wins, then the bet unit amount is taken from the returns and placed on Selection A.
A cross bet allows you to gain a return if only one of your selections win, however at a reduced return (less one bet unit) than the returns from a single bet. Our double bet calculator does not function as a cross and double bet calculator.
How to Use Our Double Bet Calculator:
Using our free double bet calculator is very, very easy. Here is what you need to do.
- Make sure the top button is set to ‘doubles’.
- Enter your total stake in ‘Unit Stake’
- Choose the odds format – fractional, decimal or American
- Select whether this is an ‘each way’ double via the option button
- Enter the odds of your two selections
- Enter the result of your selections (won, lost, void, dead heat, placed)
- For an each way bet, enter the ‘odds reduction fraction’. For non each way bets, this box does not appear
- If you are using our tool as a horse racing double bet calculator, enter any rule 4 deductions, otherwise leave blank
- Hit ‘Calculate’
That’s all you need to do! Your stake, return and total profit will be shown to you in the boxes at the bottom of the calculator. Easy as pizza pie!
Calculate an Each-Way Double Bet
For horse racing and a few other sports, each way betting is possible. An each way bet is a double bet in itself, with half of your stake going on a win bet, and half on a place bet.
You can place an each-way double bet. Here half of your stake will be placed on a double win bet, and half on a double place bet. We have an example of this below to illustrate.
We placed a £2 double each way bet on two horse running at Goodwood – Dubai Hills at 4/1 in the 1.30pm, and Sergeant Tibbs at 8/1 in the 3.10pm. Odds for a place are a quarter of the starting price for both horses.
If both horses win:
- Win bet – £1 at 4/1 = £5 return at 8/1 = £45 return
- Place bet – £1 at Evens = £2 return at 2/1 = £6 return
- Total return: £51
If Dubai Hills wins, and Sergeant Tibbs places, or Sergeant Tibbs wins and Dubai Hills places, or if both horses place:
- Win bet = loses
- Place bet = £1 at Evens = £2 return at 2/1 = £6 return
- Total return: £6
If either horse or both horses place, then your double bet loses.
There are plenty of different outcomes with any double each way bet, as follows:
- Horse A wins, Horse B wins
- Horse A wins, Horse B places
- Horse A wins, Horse B does not place
- Horse A places, Horse B wins
- Horse A places, Horse B places
- Horse A places, Horse B does not place
- Horse A does not place, Horse B wins
- Horse A does not place, Horse B places
- Horse A does not place, Horse B does not place
To save yourself the stress of working all eventualities out, use our free each way double bet calculator instead, or our horse racing double bet calculator for ‘to win’ horse racing bets.
Other Popular Calculators
Our free double bet calculator can be used in a number of ways, including as an e/w double bet calculator, a double chance bet calculator and forecast double bet calculator. We have outlined most of the common ways that our free bet calculator can be used, and you can see all these options listed below.
Best Free Bet Offers UK table
When placing a double bet or indeed any bet, it is always a good idea to look for the best free bet offers available to UK bettors. It’s the ideal way to win money – by using money that is not yours! Here is a table of the best free bet offers that we currently recommend that are available in the UK.
New cust only. 3 days to claim & 7 days to place a qualifying bet to receive 4x Free Bets: 1 x £10 Horse racing, 1 x £10 Free Bet Builder, 1 x £10 Acca and 1 x £10 Football. 7 day expiry. Exclusions apply. Stake not returned. <a class="MuiTypography-root MuiTypography-inherit MuiLink-root MuiLink-underlineAlways css-mjzkbg" href="https://www.betmgm.co.uk/promotions/sports/welcome-offer">T&Cs apply.</a> New players only. Minimum stake £ 10, minimum odds 2, stake not returned. 1X wagering the winnings from the free bet. Wagering occurs from real balance first. Wagering requirement is calculated on bonus bets only, wagering starts from real funds. Free bet is valid for 7 days from issue. Max conversion: £ 200. Excluded Skrill deposits. Withdrawal requests voids all active/pending bonuses. Full Terms Apply <a href="https://www.betuk.com/promotional-terms">T&Cs apply</a>. New customers, Deposit & Place a Bet within 7 days, and settle a £10 minimum bet at odds of 4/5 (1.8) or greater, to be credited with 3x £10 free bets: 1 x £10 Horse racing, 1 x £10 Free Bet Builder and 1 x £10 Football. Stake not returned. Opt-in required. 18+ <a href="https://www.begambleaware.org/">BeGambleAware.org.</a> *New members. Offer not available 15/04/23. £10 min deposit & bet on sportsbook, placed & settled at 1.5 min odds within 14 days of sign-up. Win part of E/W bets. 2 non-withdrawable £10 Free Bet Tokens: accept in 7 days, valid for 7 days from crediting (ex. E/Ws & Multiples), stakes not returned. Click here for Rules & Exclusions. Bet Responsibly. BeGambleAware.org. 18+ *New UK customers (Excluding NI) mobile only. £20 in FREE Bets (FB) as £10 in sports bets & a £10 casino bonus (CB). Min stake £10. Min odds Evs. FB applied on 1st settlement of any qualifying bet. FB 7 day expiry. 1 FB offer per customer, household & IP address only. 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New bettors; Code PLAY10; Wager deposit & bonus 8x; Max qualifying bet stake=initial bonus; Valid 60 days; Min odds, bet and payment method exclusions apply; T&C apply; 18+ New customers & 18+ only. Min. deposit of £10. Qualifying real money bet of £10. Min odds greater than or equal to 1.5 required. E/W bets excluded. Offer awarded immediately but could be issued the next working day in exceptional circumstances such as technical fault. Additional T&Cs apply. Please gamble responsibly *New members. Offer not available 15/04/23 £10 min deposit & bet on sportsbook, placed & settled at 1.5 min odds within 14 days of sign-up. Win part of E/W bets. 2 non-withdrawable £10 Free Bet Tokens: accept in 7 days, valid for 7 days from acceptance (ex. E/Ws & Multiples), stakes not returned. Rules & Exclusions apply. Bet Responsibly. BeGambleAware.org. T&Cs apply, 18+ Customer must turn over at least £25 on any sport with minimum odds of 1/2 (1.5) per selection. Free bet will be awarded once £25 has been turned over and settled. Available once per week (Mon-Sun). New customers residing in the UK who are at least 18 years old and who register for an account with us on any day other than Aintree’s Grand National day (15/04/2023). Register using the promo code WELCOME40, deposit and place first bet of £10+ on Sports (cumulative Evens+) within 7 days of registration. First bet must be on Sports. £20 in Free Bets to be used on Sports, £10 in Free Bets to be used on Lotto and 50 Free Spins (20p per spin) credited within 48 hours of bet settlement. Further £20 in Free Bets credited 5 days after settlement. Bonuses have a 7-day expiry. Payment restrictions apply. SMS verification and/or Proof of I.D and address may be required. Full T&Cs apply. If your account has Sportsbook losses at the end of your first day's betting, QuinnBet will refund 50% of your losses as a Free Bet up to £35 (min 3 bets) Plus 10 Free online casino spins at QuinnCasino. Even if your account is up, you're guaranteed a £5 Free Bet Plus 10 Free Spins provided you place at least 1 bet of £10 or greater at the minimum odds. T&Cs apply | 18+ New UK Customers Only | BeGambleAware.org | Gamble Responsibly 18+, Welcome Bonus: New Players only, 1st Deposit, Min Deposit,: £10, max £15 free bet valid for 14 days, bets must be placed at odds of 1/1 or greater and be settled within 14 days of placement. System bets not eligible. Neteller,Skrill and Paypal not eligible. T&Cs apply New UK & Eire clients only. 50% cashback on cumulative net losses on qualifying spread bets placed and settled within 7 days of account opening. Fully, partially or reverse closed bets do not qualify. Max cashback £500. Full terms apply. Spread betting involves risk. Losses can exceed deposits. Always bet responsibly. 18+ *New UK customers only. This offer is valid for 7 days from your new account being registered. Min Deposit: £5. Maximum Free Bet: £30. 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BeGambleAware.org. 18+ 18+ <a href="https://www.begambleaware.org/">BeGambleAware.org</a>. New reg only. Claim by placing a min deposit £10 via "My Offers" page within 30 days. Skrill/Neteller deposits excl. 7 days to stake max £10 in-play. Max. extra winnings £100. Full <a href="https://www.leovegas.com/en-gb/promotions/terms">T&C’s</a> apply. 18+ New customers only. Opt in, bet £10 at odds 2.00+ within 7 days, no cashout. Get 3x £10 Free Bets, set events at odds 2.00+. Plus 100 Free Spins on Fishin’ Frenzy, no wagering. Free Bets and Spins expire in 7 days. Card payments only. T&Cs apply. Please gamble responsibly. 18+, UK only. Deposit and place a minimum £10 cash bet at single or accumulated odds of 1/1 or greater and we will give you 2 x £5 in free bets plus an extra 2 x £5 Free Bets and a £10 Casino Bonus with no wagering requirements the following day. Applies to first cash bet only. 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FAQs
Is a cross bet the same as a double bet?
Not quite. A double bet is just two single bets combined - the returns from one act as the stake of the other. A cross bet takes the same stake from the winnings of each winning bet to place a second single bet on each outcome. With a cross bet you get more back if both bets win. You may not be able to place a cross bet at your online bookie of choice.
Can I use the double bet calculator to calculate a forecast bet?
You can, but a forecast bet is not a true double bet. You are betting on two competitors, but you are predicting which of them will win, and which of them will come second. You will be offered single odds for this bet. A reverse forecast allows you to pick the two competitors to finish first and second, but in any order. Using our forecast double bet calculator is very easy.
Can I only place a double bet on horse racing?
Not at all! You can place your double bet on any sport, as it is just a combination of two singles. Indeed, you can combine any two singles from multiple markets for a double bet.
Is it better to place each way double bets, or straight double bets?
It's up to you. You win more with straight double bets, but you are more likely to get a return with an each way double bet. Why not use our double bet calculator (which also functions as an each way double bet calculator) to compare the potential winnings from each on the same two selections?
Can your tool be used as a double chance bet calculator?
Yes, our tool can be used as a double chance bet calculator, but a double chance bet is not the same as a double bet. A double chance bet combines two outcomes on the same event. For a football match it could be for the home team to win or draw, or for the home team or away team to win (so, no draw). Despite the name, a double chance bet is in fact a single bet.
Peter joined the BettingSites.co.uk team in 2023, having previously worked for many high-profile gambling-related sites such as RightCasino, JustSlots, WhichBingo and Gambling.com. An experienced head when it comes to all aspects of iGaming, Peter is a fanatic fan of sport, including football and US sports such as baseball and American football. He is also a multi-published fiction writer, although sadly, not a wealthy one.
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