Double Bet

Double betting is a type of accumulator bet where you place a single wager on two selections, and both must win for the bet to pay out.

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Double Bet Guide

Double betting is a high-reward strategy that combines two selections into a single wager—both must win, but the payout potential is significantly higher.

Whether you're backing favorites across different sports or hunting for value in player stats and niche markets, doubles can amplify your returns

In this blog, we’ll break down exactly how double bets work, how to calculate your returns, and where tools like MadMarket give you the edge. From football-tennis combos to sharp arbitrage plays, discover how to make smarter, more strategic bets that stretch your stake further.

Double bet guide

Double Bet: Meaning, Calculation, and Example

Double betting is a type of accumulator bet where you place a single wager on two selections, and both must win for the bet to pay out.

 

The odds of the two selections are multiplied, offering higher potential returns compared to backing each one separately.

 

However, if either selection loses, the entire bet is lost. Doubles are popular for combining strong favorites or confident picks across different events or sports.

 

CALCULATION

Doubles in betting are worked out by multiplying the decimal odds of two selections together to calculate the combined odds. You then multiply the combined odds by your stake to determine your potential return.

 

EXAMPLE

 

For example, if you back two teams with odds of 2.00 and 1.50, the double odds would be 2.00 × 1.50 = 3.00. A €10 bet at 3.00 returns €30 if both selections win. If either loses, the bet fails.

DOUBLE BET EXPLAINED

 

A double bet combines two selections into one wager—both must win for the bet to pay out. If either loses, the entire bet is lost. The main advantage is higher potential returns, as the odds of both selections are multiplied.

 

Types of Double Bets:

 

  • Traditional Double: Two picks from separate events (e.g., two horse races or matches).
  • Same Game Double (Bet Builder): Two outcomes within the same event (e.g., a player to score and their team to win). Availability depends on the bookmaker.
  • Player/Card Doubles: Focused on player stats (e.g., two players from different games to receive yellow cards).

 

Edge is a next-gen sports trading platform that enhances double betting strategies. By aggregating odds from 10+ top bookmakers and exchanges, it helps you spot and exploit market inefficiencies for better returns across diverse events.

HOW TO PLACE A DOUBLE BET AT SHARP?

Placing a double bet on Sharp Exchange is simple and efficient. A double bet combines two selections into one wager — both must win for the bet to pay out.
To get started, log in to your Sharp account and browse the available markets.

 

Add your first selection to the bet slip, then find your second selection from a different event or market and add it as well. The platform will automatically recognize it as a double.
Confirm your stake and review the combined odds before placing the bet.

 

With Sharp’s competitive pricing, especially in sports like rugby union, football, tennis, and more, placing a double bet is a smart way to aim for higher returns with just one combined wager.

It is worth taking a look at the Mystic Mac tipster on our Telegram channel which can help you stay across the latest betting tips.

 

You can also consult Probet42 which offers the best possible variety of sports and betting market.

DOUBLE BET – EXAMPLES

When placing double bets, you can have the bet on various sports in the same double. There are some examples below to help visualize this:

1. Football + Tennis Double

 

  • Football: Liverpool to beat Chelsea – Odds: 1.80
  • Tennis: Novak Djokovic to beat Stefanos Tsitsipas – Odds: 1.50
  • Double Odds: 1.80 × 1.50 = 2.70

 

A €10 bet at odds of 2.70 would return €27.00, if both Liverpool and Djokovic won, including €17.00 profit.

 

2. Two horses in a double

 

  • Horse Racing: Horse “Notable Speech” to win the 1:50pm at Newmarket – Odds: 1.65
  • Horse Racing: Horse “Dancing Gemini” to win the 3:30pm at Ascot – Odds: 3.00
  • Double Odds: 1.65 × 3.00 = 4.95

 

A €10 bet at odds of 4.95 would return €49.50, including €39.50 profit if both horses won.

Pros & Cons

Pros

  1. Hedging Risk.
    1. Placing two opposite or complementary bets can reduce the impact of a loss, especially in markets like “win/lose/draw” or over/under.
    2. Example: Betting on both a team to win and the game to have under a certain number of goals.
  2. Higher Win Potential in Arbitrage Opportunities
    1. When odds from different bookmakers diverge, placing two opposite bets (arbitrage) can lock in a guaranteed profit.
    2. Requires fast action and sharp odds tracking.
  3. More Coverage in Unpredictable Events
    1. In volatile or highly competitive events, double betting can cover more potential outcomes, slightly improving chances of winning something.

Cons

  1. Lower Profit Margins or Losses
    1. You’re placing two bets, so unless odds are favorable (or arbitrage is possible), profits can shrink—or you might still lose both bets.
  2. Increased Risk of Overbetting
    1. It’s easy to miscalculate how much you’re wagering in total. Doubling up increases exposure and may drain your bankroll more quickly.
  3. Complexity and Errors
    1. Mistiming bets, using the wrong stake ratios, or failing to account for commissions can result in mistakes that cost you money.

Conclusion

With smart tools like MadMarket and platforms such as Sharp Exchange, you can spot great opportunities and place your doubles more strategically. Just remember to weigh the pros and cons carefully, manage your stakes wisely.

 

You can also use the Mystic Mac tipster on our Telegram channel for expert tips on proposition bets before looking for the best odds on Edge.

Yes, you can apply double betting to ante post markets, such as backing two different teams to win their respective leagues. By placing bets with different bookmakers who offer favorable odds on each team, you can potentially lock in value or reduce your overall risk.

Yes, you can place a double bet that spans two different sports, such as betting on a football team and a tennis player to win. This is known as a cross-sport double. While it can increase your potential payout, it also combines the risk of both outcomes.