Punters who pick out two winning selections across two different faces on the same bet and stake are the ones who take on a “double bet.” But the catch here is the bettor needs to win in both selections to gain a return.
“Doubling up,” or a double bet, is a single betting option that combines the score of a match at halftime and the score at the end of the game. If the bettor’s halftime bet wins, the stake will then be carried over to the second bet.
Let’s explore how bettors succeed in double betting and how they should manage their bankroll to sustain these multiple bets. Double bets go with double results, so punters must have a clear understanding on what they are going into before placing their money and hope for a big payday.
HIGHER PAY, GREATER RISKS IN DOUBLE BETS
Bettors must understand that straightforward bets and double result bets are two different things. Straight forward bets have three possible outcomes (win, loss, and draw), while double result bets offer nine possible outcomes.
The intricacies of having multiple outcomes in double bets lead to a higher payout that can lure punters who are ready for great risks and can burn money in their bankroll.
There will be higher odds for a Win/Loss bet on a home team, for example, compared to a Win/Win bet for the home team since such a scenario is less likely for a home team to lose than it is for them to win.
POINT ADDED IN MULTIPLE ODDS OF DOUBLE BETS
Punters should also realize that a point is added to each of the two odds before it is multiplied to create new odds for the two selections.
A match with 8/1 and 9/1 odds, for example, will reach up to 9/1 and 10/1 due to a double bet, leading to double bet odds of 89/1 (as 9 is multiplied by 10 for 90 and 89+1=90).
A double bet will be placed by a punter on the results of matches featuring Newcastle vs Everton and Watford vs Fulham, for example.
The odds say that Everton will defeat Newcastle at odds of 5/1 while Watford will beat Fulham at odds of 6/1. Once the stake goes to 2 Euros and both of the results were to come in, the bettor will win 84 Euros, gaining a profit of 82 Euros from the original 2 Euros stake.
TEAM PERFORMANCE, GAME DYNAMICS VITAL TO DOUBLE BETS
Just like any betting option, punters must come up with an effective betting strategy to become successful in winning double result betting.
If an expert tells a bettor to dig in on a particular team, he or she should study the team’s reputation, or if it consistently goes on a hot start or if it slacks off by halftime. The stamina factor of a team playing in the second half and its knack of making comebacks also come into play.
They say teams playing at home have greater chances of winning, but there are also teams that get their best from their players due to the challenge of winning on the road.
Sports that play outdoors, like the NFL and MLB, among others, also have weather or playing conditions as things to look out for before making that bet.