What Is Daily Double In Horse Betting

A double bet combines two single win bets over two separate horse races. The bettor must select the winner of each of the two nominated daily double races for the bet to be successful. The daily double is the Australian colloquial term for double betting. Many newcomers to the horse racing game may not know this, but the daily double was the first exotic wager offered at racetracks. It was first offered at Connaught Park Racetrack in Ottawa in 1931, used as an incentive to get horseplayers to the track early. A daily double is a parimutuel wager offered by horse and dog racing tracks (and at jai alai frontons) in North America. Bettors wager on the winners of two races, pre-designated by the track for a particular race day. The Daily Racing Form 's glossary defines a daily double as two consecutive races.

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1. Making a bet can be confusing. Follow these simple steps to figure out how much to bet. Select a bet amount in the left column. Select a bet type in the right column. Select the horses to include in the wager. The total cost of the ticket will appear next to the words Ticket Cost.
2. The Daily Double Wager is similar to the exacta but you are working with two different races. Most tracks offer Daily Doubles on the opening two races and the last two races on the card. Some tracks now have “Rolling Doubles” meaning you can play just about any two races.

What is a Daily Double Bet?

Daily double betting requires you to pick the winners of two consecutive races. Traditionally offered on the first two races on a card at most racetracks, the daily double is also offered by some tracks on the final two races of the day. Some tracks even offer rolling doubles, which means you can bet the daily double on any two consecutive races throughout the card.

A $2 daily double of 2-3 on the first two races would require that horse 2 win the first race and horse 3 win the second race in order for you to cash a ticket. Many tracks also offer the daily double as a $1 minimum wager, allowing bettors to play $1 double wheels. For example, a $1 daily double wheel of 1 with 4,5,6 would cost $3 and would require that horse 1 win the first race, and any of horses 4,5,6 win the second race. Because this bet is a $1 wheel, rather than a full $2 daily double wager, you would only collect half the listed $2 daily double payout if it came in.

Daily Double Takeout Value

Like other multi-race wagers, the daily double has its own separate wagering pool, subjecting bettors to only one pari-mutuel takeout rather than the two separate takeouts that would be applied if you bet each horse to win in each race. This is the main reason why the daily double usually pays more than a win parlay would return on the same two horses.

For example, if you bet a horse to win the first race, your win bet is subject to a track takeout of anywhere between 14-20 percent. When you bet a horse to win the second race, your wager is again subject to the same takeout of 14-20 percent. This basically means that your two bets are taxed at a rate of 28-40 percent in total. Contrast this to betting the daily double on a single ticket and being taxed on the bet only once at a rate of between 17-25 percent. Obviously, the daily double is a better wager if you have two solid selections.

Other Reason to Like This Wager

There are a variety of additional reasons that make the daily double a good bet. It is the oldest of the exotic wagers, having been introduced at Connaught Park in Canada in 1930; thus, it has a loyal following among both casual bettors and horsemen. And because of its longevity and simplicity, it has been passed from one generation of bettors and horsemen to another.

In its early days, before probable daily double payouts were displayed on electronic tote boards, horsemen loved to use the double to bet their horses – simply because it allowed them to hide their intentions from the betting public. If the public saw a big win bet on a horse before a race, they would jump all over it, but with the daily double, horsemen could wheel their horses with a number of others in the next race without alerting the public as to what was going on. If their horse won the first leg of the daily double they were almost certain to cash tickets, and big tickets if they’d kept their horses and their daily double bets quiet.

In those days some tracks required you to bet the daily double anywhere from 15-60 minutes before the first race ran, making it difficult if not impossible to spot the inside money. But even now, with the probable daily double payouts available on the tote board, overlays still exist in the daily double pools, and both bettors and horsemen still love the bet.

Both old and new money is always flowing into the daily double betting pools, and this is especially true in the case of the early double, which bettors like to use to get the day off to a winning start. So you’re almost always guaranteed a decent betting pool.

Daily Double Betting Strategy

Many bettors like to “get” the early daily double so they can have extra cash to play with for the remainder of the card. They also like to hedge their bets, meaning they will often play multiple horses with multiple other horses including the favorites in a $1 daily double wheel. For example, they might play a $1 double wheel 4,5,6 WITH 2,3,4, which includes nine possible $1 combinations at the cost of $9. If the two favorites come in, there is an excellent chance that they will lose money on their bet or barely break even.

Basically, by playing multiple combinations including the favorites in the double, the bettor is lowering their rate of return and losing the very edge the single daily double takeout would have given them. Of course, if you are absolutely certain the favorites will finish out of the money in both legs of the daily double, a wheel play might be justified. Or, if you can find a value play in one leg of the double, you can wheel it with a number of other horses in the other leg of the double – just like the sharp horsemen used to do – and still do!

One thing to keep in mind when playing the early daily double - the first two races at most tracks on any given day are often for the worst horses – making the races extremely tough and possibly impossible to handicap. This does not stop casual bettors from pouring in money on daily double wheels using the three favorites in each leg just so they can have it – which is to your advantage. All that extra money lying around in the pool you - and some of these favorites have no chance of winning.

As in all horse betting situations, the key to betting the double is to find value plays and combine them with each other and in some cases with the favorite. For example, if you like a horse in the first leg of the daily double that is listed at 10-1, and you have determined its chances of winning to be more like 3-1, you may have found yourself a great play in the double. If you think the favorite is solid in the second leg, a straight daily double ticket will pay handsomely. If you think the favorite might be beatable in the second leg, you can wheel your horse with a few others and still come out ahead.

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The main thing to understand is that if you wheel multiple favorites with multiple favorites in the daily double, you will cash more tickets but lose more money than if you were to concentrate on finding value and beating the favorites in at least one leg of the double. If you can’t find value – if the favorites don’t look beatable or reliable – pass the early double. You can always wait for the late double when bettors who have lost money on the early double and throughout the card come swinging for the fences with crazy multiple wheels looking to make up their losses.

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The lazy crazy wheel betting in the late double creates inefficiencies in the betting pools that can work to your advantage even if the favorite wins one of the legs of the double. Because numerous combinations in the late double are bet with a “get out for the day” attitude instead of by probability, you can find value even in the shorter priced horses. Add this to the fact that the first leg of the late double at many tracks is often one of the higher class races of the day, making it easier to handicap and allowing you to spot real value that will perform to expectations.

As with other exotic wagering strategies, betting the daily double works best if you find the value plays and stick with them – limiting you wheels to solid combinations. You will cash fewer tickets with this daily double betting strategy, but assuming your handicapping skills are sound – you will make more money.

And that’s the idea, right?

Related:
Exacta Wagering Strategy.

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The each way double bet can produce good returns even if the odds are small; especially if 1/4 odds are offered on the place part.
If you backed a horse each way at 3/1 you would lose money but combine 2 of them in an e.w. double and you begin to start making money.

The principle is that the return on the first race, if it places or wins, is used for the stake on the 2nd race. If the 2nd race places or wins then the bet is successful.

Obviously the return depends on the odds involved.

Free Each Way Double Tips 09 March 2021

Back Gypsy Lee Rose @ 3.5 in the 16:20 at Newcastle

£10 e.w. double ( placing £10 e.w. on both bets)

or combining all selections into doubles

What Is Daily Double In Horse Betting Against

How Doubles Work

For example if we placed a £10 e.w. double on 2 horses in different races priced 3/1 at 1/5 the odds the return if both place is £25.60 giving a profit of £5.60.

If both win however the return is £185.60 and the profit is £165.60.

You can also place an each way bet on two or more horses in the same race. But of course only one of them stands to win.

Obviously the each way double bet is worth serious consideration especially if we can find ourselves a bet where one of the odds is say 10/1.
Let's look at the return for a £10 bet where we have odds of 10/1 and 4/1. This would return £620 giving a profit (less stake of £20) of £600 if both won.

The Oddschecker bet calculator makes it easy to work out potential returns. To use the calculator CLICK HERE.

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Checking Places/Odds For Each Way Double

The race types for places and odds can be found below:
Non handicap races
2-4 runners win only
5-7 runners 1/4 the odds for the first 2 places
8+ runners 1/5 the odds for the first 3 places
Handicap Races
2-4 runners win only
5-7 runners 1/4 the odds for the first 2 places
8-11 runners 1/5 the odds for the first 3 places
12-15 runners 1/4 the odds for the first 3 places
16+ runners 1/4 the odds for the first 4 places
NB You can automate your betting with BF-Bot Manager - the ultimate betting bot with a free trial period.
NB You can use betting software to place bets automatically. BF-BotManager is the one I use as it is reliable and is constantly updated to reflect best practice and industry thinking.

Recent updates to the software include:
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Multiple Strategies bot - added 'Bet if score' market condition
Multiple Favorites bot - fix to retry bet placement if first bet placement failed
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