A double bet, also known as a parlay bet, involves placing a single wager on two or more individual bets that are linked together. The catch is that all the individual bets within a double bet must win for the entire bet to be successful. This means that double bets carry a higher risk than single bets but also offer the potential for much higher payouts.
A double bet calculator is an indispensable tool for bettors looking to maximize their winnings and minimize their risks. This tool allows users to input the odds of each individual bet within the double bet and instantly calculate the potential payout as well as the probability of winning the entire bet.
Benefits of Using a Double Bet Calculator:
Using a double bet calculator is simple and straightforward:
Pros:
Cons:
There are several variations of double bets available, including:
The payout for a double bet is calculated by multiplying the odds of each individual bet. For instance, if you have a double bet with the following odds:
The potential payout would be:
This means that for a $100 stake, you would receive a payout of $300 if both bets win.
The probability of winning a double bet is calculated by multiplying the winning probability of each individual bet. For example, if you have two bets with the following winning probabilities:
The probability of winning the double bet would be:
This means that there is a 30% chance of winning the double bet.
Bet A Odds | Bet B Odds | Double Bet Payout |
---|---|---|
1.50 | 1.50 | 2.25 |
2.00 | 1.50 | 3.00 |
2.50 | 1.50 | 3.75 |
3.00 | 1.50 | 4.50 |
3.50 | 1.50 | 5.25 |
Bet A Odds | Bet B Odds | Double Bet Winning Probability |
---|---|---|
1.50 | 1.50 | 0.25 |
2.00 | 1.50 | 0.30 |
2.50 | 1.50 | 0.35 |
3.00 | 1.50 | 0.40 |
3.50 | 1.50 | 0.45 |
Pros | Cons |
---|---|
Higher payouts | Higher risk |
Increased excitement | Correlation dependency |
Hedging risk | Lower |
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