Monday, May 8, 2017

Double Bet: What is it? How does it work?




A double bet is a wager in which two selections are paired together instead of betting on them separately. The reason for pairing two teams into one bet instead of betting on them separately is that combining them brings more profit on the same stake than what can be made on placing two separate bets. The risk though is that if one team in the bet does not win then the bet bombs.


Let us take the example of two teams: Leicester to win @2.10 and Manchester United to win @1.60. If you have a stake of Ksh 400, then: two different singles brings, Leicester win yields 2.10 x 200, which is Ksh 420 while Manchester United win yields 1.60 x 200, which is Ksh 320. Your total from the two singles is Ksh 740, a profit of Ksh 340 on your stake of Ksh 400. On the contrary, doing a double would yield, 2.10 x 1.60 x 400, which is Ksh 1344, which is a profit of Ksh 944.


Clearly from the example above, doing a double bet increases your odds on and hence your profit. The winning from one game is played into the winning of the second game in order to give you a higher return. So essentially, the benefit of a double is far greater than the profit on singles for the same selections. Nevertheless, given the increased risk of putting two separate teams together in one bet, it is important to form the habit of only backing favorites in your double bets.  A favorite is the team with greater chance of winning a match, regardless of whether that team is playing home or away.


Some teams are common favorites in the big European leagues no matter their opponents. In the English Premier League, teams like Arsenal, Manchester United, Chelsea, Liverpool and Manchester United are typical favorites when they are not playing against themselves. In Italy, Napoli, Juventus, Roma and Fiorentina are typical favorites; PSG, Lyon and Monaco are typical favorites in the French League; Bayern Munich and Borussia Dortmund are favorites in Germany; while Atletico Madrid, Barcelona and Real Madrid often win in Spain.


Most of the favorites are typically not offered big odds, so it makes sense to combine them into doubles in order to boost your earnings. You may also find good odds by running your fingers carefully across a pool of teams to find teams with slightly better odds but are still odds on to win. Of course there is the increased risk that such teams may not post the result you expect, but betting is generally risk-taking to profit and putting your money on a double bet consisting of two strong teams is a great way to get good returns.


Do singles if you have a large stake to put on one team. But if you have a smaller stake, doing a double is still almost as safe as doing a single but comes with a larger reward should your predictions come true. Research well and have confidence in your predictions.