A single bet is one in which you wager on a single result of an event and is possibly the simplest sort of bet for punters to grasp. Punters bet on a market, such as a horse to win a race or a football club to win a match, and if the selection wins, the bookmaker pays out the earnings. The bookmaker takes a percentage of the money placed with it as its stake or commission.
In sports betting, a single bet can be either a winner-takes-all bet or a spread bet. In a winner-takes-all bet, you give your money to the bookie if his choice wins; he keeps the rest. If the selection loses, you lose your money too. This is common in horse racing where the bookie takes a percentage of your bankroll as commission. Not all races are winner-take-all events so look at the terms of the contest to see whether your bookie will take all of your money if his pick loses.
In a spread bet, you stake a certain amount of money on each outcome of an event. For example, you could put $10 on each of two horses in a race and if both win, you would receive a total payoff of $20. However, if one horse won and the other lost, you would only receive $10 for your investment of $10. Spread bets are useful for diversifying your bets across several horses or teams.
The double bet is one of the most basic types of multiple bets that a punter can place, and it consists of two outright or single bets with the odds merged into one. It is a popular kind of betting for many people all around the world. Both picks must be successful in order to win a double bet. If either pick loses then you cannot win your wager.
There are several different methods used by bookmakers to display the odds on double bets. These include column odds, line odds, panel odds and point-to-point odds. With column odds, the odds for each selection are placed next to each other in separate columns. This is the most common method used by British bookmakers. In America, however, they more often use a line format where the odds for each selection are listed separately but adjacent to each other on the page or screen. The panel format is similar to the column format but with fewer lines of text and more space between each selection. Finally, point-to-point odds work on an individual selection basis. Here the bookmaker will list the odds for each choice at the point where they meet. Then below the line for each selection they will list the overall odds for the double bet. For example, if the first selection has odds 1/5 and the second selection has odds 2/5 then the bookmaker will list 12/5 below the line for both selections.
An each-way bet consists of two identical bets: a win bet on your selection to win an event and a place bet on it to finish inside a set number of places given by the bookmaker ahead of time. For example, if a bookmaker offers odds of 3/1 on a particular horse to win, they are referring to a win bet at 3 times the stake and a place bet at 1/1. The bookmaker assumes that most horses will come in somewhere between first and second place, so they want you to risk only 1/3 of your money (or staked amount) on each selection.
Single-each-way betting gives you the opportunity to make more than one choice per event and have some chance of making money even if all selections lose. The more choices you make, the better the chance of picking at least one winner. This type of bet can also be called multiple-selection betting or multi-race betting.
For example, let's say you choose horses A, B, and C to race next weekend. If horse A comes in first, you would receive three times your stake back on your win bet for a total return of $180. However, if horses B and C both come in last, you would still earn a profit of $90 since your place bets would equal out to a 100-percent return on your investment.
It entails the punter putting a single wager on two distinct selections, with the initial investment made on the first option and the returns rolled into the second selection if successful. Doubles can be played using racing, sports, or a combination of the two (depending on the operator). The term "double combo" was originally coined by betting companies who offered this type of bet to their customers.
The concept of combining two bets to make one larger one is not new. For example, some bookmakers will combine two races to form a single ticket that allows for profits to be made from both events. This is usually done at the end of the meeting when results are known for all runners in each race. The terms "pair of races" or "pair of stakes" are used to describe such combinations. However, the term "double combo" seems to have been adopted by betting companies as a way of attracting more business.
There are several different ways that doubles can be achieved. For example, two consecutive selections can be made on either side of the market with the same stake (each selection is called a "leg"). Alternatively, two separate bets may be placed on two different horses/races that finish first and second respectively (these bets are called "exactas" or "partials").
Bookmakers such as Paddy Power and Betfair provide double bets on a variety of sports, including football, horse racing, and greyhound racing. The bettor just chooses two contestants and backs them to win, with the odds increasing from what the bettor would receive if they were putting two separate bets. For example, if one backed Chelsea to beat Manchester United and another to beat Barcelona, then when these events occur the first person will win while the other loses.
Sportsbooks sometimes offer special doubled down on events where there is no clear winner. In this case, the bettor would choose three or four teams/contestants and put their money on each one to either win or lose.
Generally speaking, people use double betting to try and profit from moves in the market. If, for example, Chelsea and Arsenal were to draw at Stamford Bridge and Jose Mourinho's men won through goal difference, the person who had backed Chelsea to win would have earned some money because they would have received lower odds than someone who had only put their money on Chelsea to win.
There are several ways to make money through sports betting. You can choose your own team or pick winners out of luck. The more you know about the competitors and the more informed your picks are, the better your chances of success will be. Double betting is one way to make sure you earn even more money!