Daily doubles are a type of bet on horse racing events where the bettor has to predict the winner of two consecutive races. By predicting the winner of two races in a row, the bettor has the chance to multiply their winnings. The two races must be the same type, either a flat race or a hurdle race. The daily double bet is considered one of the oldest and most popular betting types in horse racing.
How do Daily Doubles Work?
Daily doubles are a bet type that requires the bettor to predict the winner of two consecutive races. This can be done by filling out a bet slip with the names of the horses in the selected races. The bet slip must have the first race and the second race clearly marked. The bettor then has to select the horses that they believe will win the two races.
The bettor can also choose to bet on a single horse to win both races, which is called a “single daily double”. The single daily double has a higher risk, but it also offers the chance for higher winnings.
What are the Odds?
Daily double bets offer the chance for higher payouts than regular single race bets. The odds for daily doubles are determined by the odds of the two races in the double. The payout depends on the odds of the two races, as well as the amount of the bet.
For example, if the odds of the first race are 3-1 and the odds of the second race are 4-1, the bettor will get a payout of 7-1 if they win the bet. The higher the odds of the two races, the higher the payout will be.
What are the Different Types of Daily Doubles?
Daily doubles come in three different types: the single daily double, the double daily double, and the pick three daily double.
The Single Daily Double
The single daily double is a bet on a single horse to win both races in the double. This type of bet offers a higher risk, but also offers the potential for higher winnings.
The Double Daily Double
The double daily double is a bet on two horses to win both races in the double. This type of bet offers a lower risk, but also offers lower winnings.
The Pick Three Daily Double
The pick three daily double is a bet on three horses to win both races in the double. This type of bet offers the lowest risk, but also offers the lowest winnings.
What are the Benefits of Betting on Daily Doubles?
Betting on daily doubles offers the bettor the chance to multiply their winnings. By predicting the winner of two races in a row, the bettor has the chance to win more than if they had bet on a single race. Additionally, betting on daily doubles can be a great way to diversify a bettor’s portfolio and spread out their risk.
What are the Common Mistakes to Avoid?
When betting on daily doubles, it is important to be aware of the common mistakes that can lead to losses.
Not doing Your Research
It is important to research the horses in the two races that you are betting on. This includes looking at the form, the conditions, and the track record of the horses.
Betting on Too Many Races
It is also important to not bet on too many races in a single day. It can be tempting to bet on multiple daily doubles, but it can be a risky strategy that can lead to losses.
Not Betting on Favorites
It is also important to not bet on longshots. While longshots can offer the chance for higher winnings, they also have higher risks. It is better to bet on favorites that have a higher chance of winning.
Conclusion
Daily doubles are a type of bet on horse racing events where the bettor has to predict the winner of two consecutive races. By predicting the winner of two races in a row, the bettor has the chance to multiply their winnings. The daily double bet is considered one of the oldest and most popular betting types in horse racing.
When betting on daily doubles, it is important to do your research, bet on the right number of races, and bet on favorites. By following these tips, bettors can increase their chances of success and win more money from their daily double bets.