What Is Daily Double In Horse Betting
Everyone knows that you can bet on the winner of a horse race. But did you know that there are actually a variety of different horse racing wagers to choose from? Many people don’t, and they miss out on some great betting opportunities as a result.
A double bet is the most simple and straightforward multiple bet available. As the name suggests, it is simply two different selections bundled together into one bet. If the bettor makes two winning selections, they win and get a greater payout than they would if they have just placed two separate single bets.
- Daily Double — Two specific races make up the Daily Double. Pick one horse in each race. If they finish 1st in both races, you win. You have to make your bet before the first race. Pick 3 — Similar to the Daily Double, but for three consecutive races. Pick 4 — Similar to the Daily Double, but for four consecutive races.
- Daily Double Horse Racing Bet Understanding Horse Racing Daily Doubles Sometimes just picking one winner isn't enough fun: so why not try to pick two in a row with the horse racing daily double bet? There are usually what's called 'rolling Doubles' during the day, meaning there will be one for races 1 and 2 and a different pool for races 2.
That’s why we recommend learning about ALL the diverse types of horse racing wager available. We would even go as far as to say that it’s essential if you’re serious about trying to make money. Betting only on the winner of races can severely limit your chances of success, while using a variety of different wagers is much more likely to be profitable in the long run.
Even if you’re a casual bettor, and only bet on the major horse races, it’s still a good idea to be aware of all your options. We have found several wagers we believe to be more stimulating than just betting on the winner of the race. Not to mention, many of them offer the potential for much better payouts too.
We’ve listed all the different horse racing wagers below, and explained how each one works. You may not want to use each and every wager on a regular basis, but they can all be valuable in the right situations.
See Also: Daily Double Wheel Bet
The Daily Double is picking the first position horses in two different races. Each horse must finish in the first position for your bet to win.
Daily Double bets are ideal for races with big favorites facing little competition. However, Daily Doubles are riskier because picking two race winners is less probable compared to one race winner.
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Sample procedure for how to make a Daily Double bet at a horse racebook
- Select the 'Daily Double Bet' from your racebook’s wagering menu.
- Note the horses in two races, listed on the left. The next 'ML' column lists the odds.
- Select the first position horses for two races. In this diagram, the Race #7 first position horse has 5:1 odds. The Race #8 first position horse has 6:1 odds.
- ***Notes: Both horses must finish first in their races. Advanced bettors could place a Daily Double Wheel bet by choosing more than one horse to finish first in each race. For example, bettor chooses Charlie and Dan to win Race 7. Horses Skip and Paul are chosen win Race 8. The bet wins if either Charlie or Dan wins Race 7, and either Skip or Pail wins Race 8. Please see our Daily Double Betting page to learn more.
Example: $2 Straight Daily Double Bet
The minimum Daily Double costs $1. If you’re betting an exacta for the first time, bet the lowest amount possible.
Example Bet:
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$1 Daily Double on Horse 12,Race 3 and Horse 8,Race 5. That means you are betting $1 that horses 12 and 8 will finish first in their races.
Variant #1: Daily Double Wheel Betting
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The Daily Double bet is picking sets of horses to finish first in two different races. This bet improves your chances of winning because 1 or more horses can be chosen for each race.
Can I make a Daily Double Box Bet?
Daily Double Box bets are not possible because the bettor only makes choices for first position. Box bets are for two or more finishing positions.
The Daily Double 'Key' Concept
Keying means selecting a set of horses to finish in a certain position. Daily Doubles are for first position in two different races. That means 2 keys must be made for each Daily Double Wheel.
Start with the first race key. Select 1 or more horses. For example, suppose horses 1, 2, 3, 4, 5 & 6 are racing.
Make the second race key. Select 1 or more horses. For example, suppose horses 3,4,5,6,7 are racing.
Example 1st Race 1st Horse Key is: Horses 4 & 2
That means horses 4 or 2 must finish first. You can only win if 4 or 2 finish first.
Example 2nd Race 2nd Horse Key is: Horses 3,5,7
That means horses 3, 5 or 7 must finish first. You can only win if horses 3, 5 or 7 finish first.
| Race 1, Race 2 Result | Result |
|---|---|
| 4,3 | Win |
| 4,5 | Win |
| 4,7 | Win |
| 2,3 | Win |
| 2,5 | Win |
| 2,7 | Win |
| Finishing Order | Result | Why? |
|---|---|---|
| 6,4 | Lose | Horse 6 not in first key. Horse 4 not in second key. |
| 2,4 | Lose | Horse 2 correct. Horse 4 not in second key. |
| 3,5 | Lose | Horse 3 not in first key. Horse 5 correct. |
| 4,1 | Lose | Horse 4 correct. Horse 1 not in second key. |
Daily Double Wheel Bets Cost $1
Consider the following example. We’ve keyed horses into the each race’s first position. Daily Doubles cost $1 times number of combinations.
Daily Double Wheel Cost Calculation: (Number first key horses x Number second key horses) x (Cost per combination)
Example 1: $1 Daily Double Wheel
Horses 12 and 7 are your first key.
Horses 8, 4 and 13 are your second key.
(2 horses x 3 horses) x $1 cost = $6
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| Finishing Order | Cost Each |
|---|---|
| 12,8 | $1 |
| 12,4 | $1 |
| 12,13 | $1 |
| 7,8 | $1 |
| 7,4 | $1 |
| 7,13 | $1 |
| Total Cost | $6 |
Daily Double Wheel Cost Calculation: (Number first key horses x Number second key horses) x (Cost per combination)
| Key 1 Horses | Key 2 Horses | Total |
|---|---|---|
| 1 | 2 | $2 |
| 1 | 3 | $3 |
| 1 | 4 | $4 |
| 1 | 5 | $5 |
| 1 | 6 | $6 |
| 2 | 2 | $4 |
| 2 | 3 | $6 |
| 2 | 4 | $8 |
| 2 | 5 | $10 |
| 2 | 6 | $12 |
| 3 | 2 | $6 |
| 3 | 3 | $9 |
| 3 | 4 | $12 |
| 3 | 5 | $15 |
| 3 | 6 | $18 |
| 4 | 2 | $8 |
| 4 | 3 | $12 |
| 4 | 4 | $16 |
| 4 | 5 | $20 |
| 4 | 6 | $24 |
| 5 | 2 | $10 |
| 5 | 3 | $15 |
| 5 | 4 | $20 |
| 5 | 5 | $25 |
| 5 | 6 | $30 |
| 6 | 2 | $12 |
| 6 | 3 | $18 |
| 6 | 4 | $24 |
| 6 | 5 | $30 |
| 6 | 6 | $36 |
What Is Daily Double In Horse Betting Game
| See Also |
|---|
| Daily Double Wheel Betting |
| Trifecta Betting |
| Quinella Betting |