With the world of online sports betting continuously developing and changing, the market is constantly shifting, innovating and evolving. It has been known that betting began with mainly single bets being placed, yet since the introduction and growth of online bookmakers, the choices have broadened. Now, one of the simplest forms of online betting is a double bet, which involves two individual bets placed on two different sporting outcomes, though these bets are combined into one singular wager to increase the odds. Here at OddsMonkey, we have created a very useful double bet calculator to ensure users have all the relevant information they will need to place a double bet with which they are confident.
What Is A Double Bet Calculator?
When it comes to a double bet, both of the selections are placed into the same bet slip to increase the odds of the bet. This means certain parameters have to be met for a return to be made, such as both of the bets being successful or both bets placing in Each-way stakes.
The double bet calculator allows users to input all of the relevant information surrounding the bet slip and find out how much would be returned or lost depending on different results. The main use of a double bet calculator is to calculate any potential returns made from a double bet.
This online calculator allows users to make bets with two selections, fully aware of the potential return they could win. OddsMonkey has created other calculators that allow for different numbers of selections in bet slips, such as the single bet calculator and the treble bet calculator.
How To Use A Double Bet Calculator
A double bet calculator is one of the simplest calculators found on the OddsMonkey site with only some information needed to fill in the calculator. Users must enter their stake, the odds of the two bets and the result of the bet placed. Once these values have been inputted, simply press the calculate button for the total return and total profit to be shown at the bottom of the calculator.
When entering the outcome of the bet, there are other options other than ‘won’ or ‘lost’, with options such as ‘placed’ being available too. If you are using any each way bets, make sure to put the calculator in the ‘Each way’ mode, or you can also use our very own each way calculator if you only have one selection.
Another important part of the calculator is the Rule 4 deduction which is added if any of the runners in the horse race are removed before the race begins, as this changes the odds of the race. To find out how the Rule 4 deduction might affect your bets, use our Rule 4 calculator which is available on site.
Who Can Use The Double Bet Calculator?
The double bet calculator is available to be used by any bettor who is on the OddsMonkey site, similar to our other calculators and our matched betting blog; no sign-up is necessary for bettors to use these brilliant tools and guides!
However, the double bet calculator is only useful for anyone who is interested in placing a double bet. The calculator cannot provide different settings, as OddsMonkey have produced separate calculators for every situation that you might find yourself in when placing bets.
Double bets are bets that are seen throughout almost every sport, meaning any player who is interested in placing bets on sporting events might find the double bet calculator useful. To learn more about sports betting, check out our sport-specific guides, like our football betting guide on-site!
Why Use A Double Bet Calculator?
The double bet calculator is very handy for a wide range of different reasons, as the calculator can ensure accuracy before the actual bets are placed. This makes sure that users know exactly what results they can get from different outcomes, meaning bettors can make more informed decisions whilst potentially avoiding any costly mistakes.
Another reason is efficiency, placing multiple single bets can take time whereas working all of the bets out beforehand and simply placing them in a double bet can save plenty of valuable time! Mainly, the calculator is great for making more informed decisions and potentially minimising risks when betting.
Use The Double Bet Calculator At OddsMonkey
The double bet calculator is the perfect tool for players who are planning on making bets with two selections. Yet if that is not a betting format you are interested in, then don’t worry, as OddsMonkey is the right place to be when it comes to covering all different betting types. Make sure to check out our bet calculators, such as the accumulator calculator, which is perfect for anyone looking to place any ‘accas’.
With anyone who is looking to learn about matched betting, look no further than OddsMonkey and our extensive blog and sport specific guides such as the horse racing matched betting guide.
