What is ‘Daily Double’?
Daily double, sometimes referred to as ‘double‘ is a betting term used to describe a particular type of bet. In daily double betting, the bettor wins by correctly selecting the winner in each of two nominated daily double races. Usually, most tracks offer a daily double on the first and last two races on the card, whereas some tracks offer the bet on any two races throughout the day, this is called a ‘rolling double‘ bet. To place a daily double bet, bettors must ensure their bet is placed before the first of the two races takes place.
‘Daily Double’ Explained
Originating in Canada in 1930, the daily double has become a hugely popular bet as it offers good value. It’s popularity has also been put down to its simplicity – all that a bettor needs to know is that both of their horses need to run out as winners in order for them to cash in their ticket. Despite its simplicity it is still considered to be an ‘exotic wager’ as it offers up a slightly different way of betting when compared to a traditional win bet.
A lot of bettors look out for daily doubles as they offer better odds than a traditional bet whereby a better backs one particular horse to win a race. Much like an accumulator where bettors bet on a number of outcomes in one single bet, a daily double gives bettors the chance to win good amounts for predicting the outcome of more than one race.
A daily double bet breaks down fairly simply, a £2 daily double on 2-5 means that the bettor has bet £2 that horse 2 wins the first race and horse 5 wins the second race. In order for them to win a payout from the bookies, they would require both horses 2 and 5 to win. Because of the decreased likelihood of both of the bets coming off, a daily double will nearly always pay out more than two separate win bets on the same horses.
More recently, the daily double’s popularity has extended beyond horse racing into other sports such as football. Bookmakers will regularly offer daily double bets which will look something like: ‘Manchester United vs West Ham – both teams to score and Nottingham Forest to win at Wolves’. In this case, the bettor would be betting on both Manchester United and West Ham to score against each other regardless of the end result and Nottingham Forest to beat Wolves away. If that were to happen then the bettor’s daily double would come off.