what is a double bet horse racing

A double bet in horse racing involves selecting two horses to win or place in a specific race. There are two types of double bets: a win double and a place double. In a win double, both horses selected must win their respective races to collect the payout. In a place double, both horses just need to place, meaning they finish first, second, or third in their races. Double bets offer a higher potential payout than single bets, but they also come with a higher risk. To succeed with double bets, bettors must have a strong understanding of the horses and the race conditions.

Double Bet Horse Racing: Combining Wagers for Increased Potential

In horse racing, a double bet combines two separate bets into one wager. This type of bet offers the potential for higher payouts compared to single bets, but it also comes with a higher risk of losing.

There are two main types of double bets: the double and the exacta. A double bet requires you to correctly select the winner of two consecutive races, while an exacta bet requires you to correctly select the top two finishers in a single race.

Combining Wagers

  • Double: Select the winner of two consecutive races.
  • Exacta: Select the top two finishers in a single race, in the exact order.


The payouts for double bets vary depending on the odds of each horse and the type of bet placed.

Bet TypePayout Multiplier
DoubleProduct of the odds of the two horses
ExactaProduct of the odds of the top two horses, multiplied by 2

Risk Level

Double bets are considered riskier than single bets because they require you to correctly select multiple horses. The more horses you include in your bet, the lower your chances of winning.

Tips for Double Bets


Research the horses in each race and consider their odds.


Consider using a combination of short- and long-priced horses.


Be aware of the risk involved and only bet what you can afford to lose.

Understanding Double Betting in Horse Racing

A double bet in horse racing involves picking two horses to win their respective races. Unlike a single bet, where you only bet on one horse, a double bet requires both of your selections to cross the finish line first. This adds an element of challenge and the potential for higher payouts.

Odds and Payouts

The odds for a double bet are determined by multiplying the odds of the two individual horses. For example, if Horse A has odds of 3/1 and Horse B has odds of 2/1, the odds for the double bet would be 6/1 (3 x 2 = 6).

The payout for a double bet is based on the amount you wager and the odds. Let’s say you bet $20 on the double bet of Horse A and Horse B. If both horses win, you would collect:

$20 x 6/1 = $120

However, if only one of the horses wins, you lose your bet.

Tips for Double Betting

  • Research the horses and their recent performances.
  • Look for horses that have a consistent record and have performed well under similar conditions.
  • Consider the race distance and surface.
  • Set a budget and stick to it.
  • Avoid chasing losses.

Example Payout Table

Double BetPayout (for $2 bet)
2/1 and 3/1$24
3/1 and 4/1$36
4/1 and 5/1$48

Distinguishing Between Double and Other Bets

A double bet is a type of horse racing bet that involves selecting two horses to win or place in a specific order. It is different from other types of bets in that it requires both horses to be successful in order to win.

  • Win Bet: A bet on a single horse to win a race.
  • Place Bet: A bet on a single horse to finish in the top two positions.
  • Show Bet: A bet on a single horse to finish in the top three positions.
  • Exacta Bet: A bet on two horses to finish in the exact order in which they were selected.
  • Quinella Bet: A bet on two horses to finish in any order in the top two positions.

Double bets are more difficult to win than other types of bets, but they also offer higher payouts. The odds of winning a double bet are based on the odds of both horses winning or placing, and the payout will vary depending on the track and the horses involved.

Double Bet Payouts
Bet TypePayout
Double Win12-1 to 20-1
Double Place5-1 to 10-1

Double bets in horse racing combine two different types of bets into a single wager. They offer a higher potential payout than single bets but also come with increased risk.

Utilizing Double Bets for Strategic Advantage

Double bets can be an effective tool for adding excitement and potentially increasing winnings when used strategically.

  • Identify strong contenders: Focus on horses with high odds of finishing in the top two positions.
  • Consider different types of races: Some races, such as sprints or maiden races, may be more suitable for double bets due to their shorter distances and higher competition.
  • Study the form: Analyze the past performances and recent form of the horses involved to gauge their current ability and potential.
  • Play the odds: Calculate the potential payouts and compare them to the odds to determine the best value bets.

Double bets are available in two main formats:

Win-Place DoubleThe selected horse wins or places (finishes in the top two).Horse A to win, Horse B to place
Place-Place DoubleBoth selected horses place (finish in the top two).Horse A to place, Horse B to place

Remember, double bets carry higher risk and should only be used as part of a well-thought-out betting strategy.

And there you have it, folks! Now you’re a double bet wiz. Whether you’re a seasoned pro or just starting out, this bet can add a whole new level of excitement to your horse racing experience. So, next time you’re at the track, give the double bet a try and see what Lady Luck has in store for you. Thanks for stopping by! Drop by again soon for more horse racing tips and insights.