In horse racing, a double refers to a wager involving two horses in the same race. The bettor chooses two horses and predicts which one will finish first and which one will finish second. To win the bet, both horses must finish in the exact order predicted. Doubles can be a riskier bet but can also offer a higher payout than other types of wagers because they require both horses to perform well.
Winning Two Races
In horse racing, a double refers to a bet where you select two horses to win their respective races.
To win a double bet, both horses must win their races. If one horse loses, the bet is lost.
The payout for a double bet is based on the odds of each horse winning. The higher the odds, the higher the payout.
Example
- You bet $2 on a double with the following horses:
- Horse 1: Odds of 3-1
- Horse 2: Odds of 2-1
If both horses win, you will win $24 (2 x 3 x 2). However, if either horse loses, you will lose your bet.
Table of Payouts for Double Bets
| Horse 1 Odds | Horse 2 Odds | Payout |
|---|---|---|
| 1-1 | 1-1 | 2-1 |
| 3-1 | 2-1 | 9-2 |
| 5-1 | 3-1 | 15-2 |
| 10-1 | 5-1 | 50-1 |
What Does Double Mean in Horse Racing?
A double in horse racing refers to a bet where you predict the winners of two consecutive races. It’s a popular bet for those who are confident in their ability to pick the top finishers in multiple events.
Betting on Two Outcomes
To place a double bet, you need to select two horses in separate races. Your bet will pay out if both of your selections win their respective races.
Calculating Double Bets
- Multiply the odds of the first horse by the odds of the second horse.
- For example, if the first horse has odds of 3/1 and the second horse has odds of 2/1, your double bet would have odds of 3/1 x 2/1 = 6/1.
- This means for every $1 you bet, you would win $6 if both horses win.
Factors to Consider
- The odds of each horse winning
- The track conditions
- The jockey and trainer of each horse
- The previous performances of each horse
Example
Let’s say you place a double bet on the following horses:
| Race | Horse | Odds |
|---|---|---|
| Race 1 | Speedy Sue | 3/1 |
| Race 2 | Lightning Bolt | 2/1 |
Your double bet would have odds of 3/1 x 2/1 = 6/1. If both Speedy Sue and Lightning Bolt win their races, you would win $6 for every $1 you bet.
Double in Horse Racing
A double in horse racing is a type of bet in which you select two horses to win their respective races. If both horses win, you win the bet. If only one horse wins, you lose the bet. Doubles are a popular type of bet because they offer the potential for a high payout if both horses win. However, doubles are also a risky type of bet because it is difficult to select two winners in a row.
Completing a Wager
To complete a double wager, you must first select two horses that you believe will win their respective races. You can do this by studying the race cards and looking at the horses’ past performances. Once you have selected your horses, you must go to the betting window and place your bet. You will be asked to specify the amount of money that you want to bet and the type of bet that you want to make (double).
The following table shows the different types of double bets that you can make:
| Type of bet | Description |
|---|---|
| Win-win | Both horses must win their respective races. |
| Place-place | Both horses must place (finish in the top three) in their respective races. |
| Show-show | Both horses must show (finish in the top four) in their respective races. |
The minimum bet amount for a double is usually $2. The maximum bet amount is determined by the track. The payout for a double bet is determined by the odds of the horses that you selected. If both horses win, you will receive a payout that is equal to the product of the odds of the two horses. For example, if you bet $2 on a double and both horses win at odds of 3-1, you will receive a payout of $36.
Double in horse betting
A double in horse betting means selecting two individual machines or runners to finish in the first two positions of a particular race, in the correct order.
Odds and payouts
The format of the Double betting format states that divides the dividend by the number of winning Doubles in the pool, less the official percentage takeout. For Doubles pools, the takeout is usually 20%.
Odds
- The Double pool is commingled by ‘tracks within a Standardbred Jurisdiction’ or by ‘Jurisdictions, and pari-mutuels on all interstate ‘Double’ combined pools are subject to the take out specified by the ‘Host’ (commissioning) Association.
- The Double payout is calculated on a pari-mutuel basis.
- The payout for the winning selections and doubles bets is divided by the number of winning Double bets in the pool.
- The takeout is usually 20% of the total money bet
Payouts
| Number of Correct Selections | Dividend Calculation | Division for Payout | Winning Payout |
|---|---|---|---|
| One | Pool – 20% Takeout | Divided by the number of winning Doubles in the pool. | Varies |
Well, there you have it, folks! Hopefully, this little dive into the world of “double” in horse racing has shed some light on the subject. Whether you’re a seasoned bettor or just starting out, it’s always helpful to have a clear understanding of the terms and concepts involved. Thanks for taking the time to read this article, and be sure to check back in later for more horse racing insights and tips. Happy betting!