{"id":702,"date":"2026-08-20T09:30:00","date_gmt":"2026-08-20T08:30:00","guid":{"rendered":"https:\/\/www.oddsmonkey.com\/matched-betting\/?post_type=calculators&#038;p=702"},"modified":"2026-08-20T16:36:39","modified_gmt":"2026-08-20T15:36:39","slug":"double-bet-calculator","status":"publish","type":"calculators","link":"https:\/\/www.oddsmonkey.com\/matched-betting\/calculators\/double-bet-calculator\/","title":{"rendered":"Double Bet Calculator"},"content":{"rendered":"<div class=\"bc-wrapper\">        <div class=\"panel panel-default bc-panel\">\n            <div class=\"panel-heading\">Double Bet Calculator<\/div>\n            <div class=\"panel-body\">\n                <form class=\"form-horizontal\">\n                    <div class=\"row\">\n                        <div class=\"form-group col-md-6\">\n                            <label class=\"col-sm-4 control-label\" for=\"bc-stake\">Unit Stake:<\/label>\n                            <div class=\"col-sm-8\">\n                                <input id=\"bc-stake\" name=\"bc-stake\" class=\"form-control\" type=\"number\" step=\"0.01\" value=\"1\">\n                            <\/div>\n                        <\/div>\n                        <input type=\"hidden\" value=\"2\" id=\"bc-type\" name=\"bc-type\" \/>\n                        <div class=\"form-group col-md-6\">\n                            <label class=\"col-sm-4 control-label\" for=\"bc-mode\">Odds Format:<\/label>\n                            <div class=\"col-sm-8\">\n                                <select class=\"form-control\" name=\"bc-mode\" id=\"bc-mode\">\n                                    <option selected=\"selected\" value=\"fractional\">Fractional (3\/1)<\/option>\n                                    <option value=\"decimal\">Decimal (4.0)<\/option>\n                                    <option value=\"american\">American ($300)<\/option>\n                                <\/select>\n                            <\/div>\n                        <\/div>\n                        <div class=\"form-group col-md-6\">\n                            <label class=\"col-sm-4 control-label\" for=\"bc-eachway\">Each Way:<\/label>\n                            <div class=\"btn-group col-sm-8\" data-toggle=\"buttons\">\n                                <label class=\"btn btn-primary\">\n                                    <input type=\"radio\" name=\"bc-eachway\" id=\"bc-eachway-yes\" value=\"1\" autocomplete=\"off\"> Yes\n                                <\/label>\n                                <label class=\"btn btn-primary active\">\n                                    <input type=\"radio\" name=\"bc-eachway\" id=\"bc-eachway-no\" value=\"0\" autocomplete=\"off\" checked> No\n                                <\/label>\n                            <\/div>\n                        <\/div>\n                        \n                    <\/div>\n\n                    <div class=\"table-responsive\">\n                        <table class=\"table table-condensed\" id=\"bc-table-legs\">\n                            <thead>\n                                <tr>\n                                    <th><div class=\"visible-xs\">#<\/div><div class=\"hidden-xs\">Selection<\/div><\/th>\n                                    <th>Odds<\/th>\n                                    <th class=\"bc-place-terms\">Place Term <i class=\"fa fa-info-circle bc-hint\" data-toggle=\"tooltip\" title=\"For each way bets the odds for the place part are calculated using the place term, these should be on the racecard or the betslip.\"><\/i><\/th>\n                                    <th>Result<\/th>\n                                    <th>Rule 4 <i class=\"fa fa-info-circle bc-hint\" data-toggle=\"tooltip\" title=\"If another horse is withdrawn from the race after the bet is placed, a Rule 4 reduction will be applied to all bets.\"><\/i><\/th>\n                                <\/tr>\n                            <\/thead>\n                            <tbody>\n                                <tr class=\"bc-leg\">\n                                    <td>1<\/td>\n                                    <td>\n                                        <div class=\"bc-box-fractional\">\n                                            <div class=\"input-group\">\n                                                <input type=\"number\" class=\"form-control bc-odds-numerator\" step=\"1\">\n                                                <div class=\"input-group-addon\">\/<\/div>\n                                                <input type=\"number\" class=\"form-control bc-odds-denominator\" step=\"1\">\n                                            <\/div>\n                                        <\/div>\n                                        <div class=\"bc-box-decimal\"><input class=\"form-control bc-odds-decimal\" type=\"number\" step=\"0.01\"><\/div>\n                                        <div class=\"bc-box-american\">\n                                            <div class=\"input-group\">\n                                                <div class=\"input-group-addon\">$<\/div>\n                                                <input class=\"form-control bc-odds-american\" type=\"number\" step=\"1\">\n                                            <\/div>\n                                        <\/div>\n                                    <\/td>\n                                    <td class=\"bc-place-terms\">\n                                        <select class=\"form-control bc-place-term\">\n                                            <option value=\"1\">1\/1<\/option>\n                                            <option value=\"2\">1\/2<\/option>\n                                            <option value=\"3\">1\/3<\/option>\n                                            <option value=\"4\" selected>1\/4<\/option>\n                                            <option value=\"5\">1\/5<\/option>\n                                            <option value=\"6\">1\/6<\/option>\n                                            <option value=\"7\">1\/7<\/option>\n                                            <option value=\"8\">1\/8<\/option>\n                                        <\/select>\n                                    <\/td>\n                                    <td>\n                                        <select class=\"form-control bc-outcome\">\n                                            <option value=\"won\" selected>Won<\/option>\n                                            <option value=\"placed\">Placed<\/option>\n                                            <option value=\"deadheat\">Dead Heat<\/option>\n                                            <option value=\"lost\">Lost<\/option>\n                                            <option value=\"void\">Void<\/option>\n                                        <\/select>\n                                    <\/td>\n                                    <td>\n                                        <select class=\"form-control bc-rule4\">\n                                            <option value=\"0\" selected><\/option>\n                                            <option value=\"5\">5p<\/option>\n                                            <option value=\"10\">10p<\/option>\n                                            <option value=\"15\">15p<\/option>\n                                            <option value=\"20\">20p<\/option>\n                                            <option value=\"25\">25p<\/option>\n                                            <option value=\"30\">30p<\/option>\n                                            <option value=\"35\">35p<\/option>\n                                            <option value=\"40\">40p<\/option>\n                                            <option value=\"45\">45p<\/option>\n                                            <option value=\"50\">50p<\/option>\n                                            <option value=\"55\">55p<\/option>\n                                            <option value=\"60\">60p<\/option>\n                                            <option value=\"65\">65p<\/option>\n                                            <option value=\"70\">70p<\/option>\n                                            <option value=\"75\">75p<\/option>\n                                            <option value=\"80\">80p<\/option>\n                                            <option value=\"85\">85p<\/option>\n                                            <option value=\"90\">90p<\/option>\n                                        <\/select>\n                                    <\/td>\n                                <\/tr>\n                                <tr class=\"bc-dh\">\n                                  <td>&nbsp;<\/td>\n                                  <td colspan=\"3\">\n                                    <div class=\"form-inline\">\n                                      <label>Tied position:\n                                        <input type=\"number\" class=\"form-control bc-dh-pos\" step=\"1\">\n                                      <\/label>\n                                      <label>Places paid:\n                                        <input type=\"number\" class=\"form-control bc-dh-places\" step=\"1\">\n                                      <\/label>\n                                      <label>Number of runners in dead heat:\n                                        <input type=\"number\" class=\"form-control bc-dh-runners\" step=\"1\">\n                                      <\/label>\n                                    <\/div>\n                                  <\/td>\n                                <\/tr>\n                            <\/tbody>\n                        <\/table>\n                    <\/div>\n\n                    <div class=\"panel panel-default bc-panel-bonuses\">\n                        <div class=\"panel-heading\">Bookmaker Bonuses<\/div>\n                        <div class=\"panel-body\">\n                            <div class=\"row\">\n                                <div class=\"form-group col-md-6\">\n                                    <label class=\"col-sm-4 control-label\" for=\"bc-bonus-all-win\">All Winner Bonus:<\/label>\n                                    <div class=\"col-sm-8\">\n                                        <div class=\"input-group\">\n                                            <input id=\"bc-bonus-all-win\" class=\"form-control\" type=\"number\" step=\"1\">\n                                            <div class=\"input-group-addon\">%<\/div>\n                                        <\/div>\n                                    <\/div>\n                                <\/div>\n                                <div class=\"form-group col-md-6\">\n                                    <label class=\"col-sm-4 control-label\" for=\"bc-bonus-one-lose\">One Loser Bonus:<\/label>\n                                    <div class=\"col-sm-8\">\n                                        <div class=\"input-group\">\n                                            <input id=\"bc-bonus-one-lose\" class=\"form-control\" type=\"number\" step=\"1\">\n                                            <div class=\"input-group-addon\">%<\/div>\n                                        <\/div>\n                                    <\/div>\n                                <\/div>\n                                <div class=\"form-group col-md-6\">\n                                    <label class=\"col-sm-4 control-label\" for=\"bc-bonus-one-win\">One Winner Bonus:<\/label>\n                                    <div class=\"col-sm-8\">\n                                        <select class=\"form-control\" id=\"bc-bonus-one-win\">\n                                            <option value=\"1\" selected><\/option>\n                                            <option value=\"2\">Double Odds<\/option>\n                                            <option value=\"3\">Treble Odds<\/option>\n                                            <option value=\"4\">Quadruple Odds<\/option>\n                                            <option value=\"5\">Quintuple Odds<\/option>\n                                        <\/select>\n                                    <\/div>\n                                <\/div>\n                            <\/div>\n                        <\/div>\n                    <\/div>\n                    \n                    <div class=\"row\">\n                        <div class=\"col-sm-12 text-center\">\n                            <button class=\"btn bc-calculate\">Calculate<\/button>\n                        <\/div>\n                    <\/div>\n\n                    <div class=\"table-responsive\">\n                        <table class=\"table table-bordered bc-total-table\">\n                            <thead>\n                                <tr class=\"success\">\n                                    <th>Total Stake<\/th>\n                                    <th>Total Return<\/th>\n                                    <th>Total Profit<\/th>\n                                <\/tr>\n                            <\/thead>\n                            <tbody>\n                                <tr>\n                                    <td id=\"bc-total-stake\">&nbsp;<\/td>\n                                    <td id=\"bc-total-return\">&nbsp;<\/td>\n                                    <td id=\"bc-total-profit\">&nbsp;<\/td>\n                                <\/tr>\n                            <\/tbody>\n                        <\/table>\n                    <\/div>\n                <\/form>\n            <\/div>\n            <div class=\"bc-waiting\"><i class='fa fa-spinner fa-spin '><\/i><\/div>\n        <\/div>\n<\/div>\n<p><span style=\"font-weight: 400;\">With the world of online sports betting continuously developing and changing, the market is constantly shifting, innovating, and evolving. Betting began mainly with single bets, but since the introduction and growth of online bookmakers, the choices have broadened. Now, one of the simplest forms of online betting is a double bet, which involves two individual bets placed on two different sporting outcomes, combined into one wager to increase the odds. Here at <a href=\"https:\/\/www.oddsmonkey.com\/\">OddsMonkey<\/a>, we have created a very useful double bet calculator to ensure users have all the relevant information they will need to place a double bet.<\/span><\/p>\n<h2>What Is A Double Bet Calculator?<\/h2>\n<p><span style=\"font-weight: 400;\">When it comes to a double bet, both of the selections are placed into the same bet slip to increase the odds of the bet. This means certain parameters have to be met for a return to be made, such as both of the bets being successful or both bets placing in each-way stakes.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The double bet calculator allows users to input all of the relevant information surrounding the bet slip and find out how much would be returned or lost depending on different results. The main use of a double bet calculator is to calculate any potential returns made from a double bet.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This online calculator allows users to make bets with two selections, fully aware of the potential return they could receive. OddsMonkey has created other calculators that allow for different numbers of selections in bet slips, such as the <a href=\"https:\/\/www.oddsmonkey.com\/matched-betting\/calculators\/single-bet-calculator\/\">single bet calculator<\/a> and the <a href=\"https:\/\/www.oddsmonkey.com\/matched-betting\/calculators\/treble-bet-calculator\/\">treble bet calculator<\/a>.<\/span><\/p>\n<h2>How To Use A Double Bet Calculator<\/h2>\n<p><span style=\"font-weight: 400;\">A double bet calculator is one of the simplest calculators found on the OddsMonkey site, with not a lot of information needed to fill in the calculator. Users must enter their stake, the odds of the two bets, and the result of the bet placed. Once these values have been entered, simply press the calculate button for the total return and total profit to be shown at the bottom of the calculator.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">When entering the outcome of the bet, there are options other than \u2018won\u2019 or \u2018lost\u2019, with options such as \u2018placed\u2019 being available too. If you are using any each-way bets, make sure to put the calculator in the \u2018Each way\u2019 mode, or you can also use our very own <a href=\"https:\/\/www.oddsmonkey.com\/matched-betting\/calculators\/each-way-bet-calculator\/\">each-way calculator<\/a> if you only have one selection.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Another important part of the calculator is the Rule 4 deduction, which is added if any of the runners in the horse race are removed before the race begins, as this changes the odds of the race. To find out how the Rule 4 deduction might affect your bets, use our <a href=\"https:\/\/www.oddsmonkey.com\/matched-betting\/calculators\/rule-4-calculator\/\">Rule 4 calculator<\/a>, which is available on site.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Here is a step-by-step guide on how to use our double bet calculator:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">Decide on the unit stake, the odds format, and whether you are placing each-way bets, and make sure the calculator is configured to the correct settings.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Input the odds of the bets you are placing, and apply the Rule 4 deduction if this applies.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Press calculate<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The double bet calculator will display the total stake you have used, the total return of the bet, and how much profit would be made if the bet was successful.<\/span><\/p>\n<h2>Who Can Use The Double Bet Calculator?<\/h2>\n<p><span style=\"font-weight: 400;\">The double bet calculator is available to any bettor on the OddsMonkey site, similar to our other calculators and our <a href=\"https:\/\/www.oddsmonkey.com\/blog\/\">matched betting blog<\/a>; no sign-up is necessary to use these brilliant tools and guides!<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, the double bet calculator is only useful for anyone who is interested in placing a double bet. The calculator cannot provide different settings, as OddsMonkey has produced separate calculators for every situation that you might find yourself in when placing bets.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Double bets are bets that are seen throughout almost every sport, meaning any player who is interested in placing bets on sporting events might find the double bet calculator useful. To learn more about sports betting, check out our sport-specific guides, like our <a href=\"https:\/\/www.oddsmonkey.com\/blog\/sports-betting-guides\/football-betting-guide\/\">football betting guide<\/a> on-site!<\/span><\/p>\n<h2>Why Use A Double Bet Calculator?<\/h2>\n<p><span style=\"font-weight: 400;\">The double bet calculator is very handy for a wide range of reasons, as it can ensure accuracy before the actual bets are placed. This makes sure that users know exactly what results they can get from different outcomes, meaning bettors can make more informed decisions whilst potentially avoiding any costly mistakes.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Another reason is efficiency; placing multiple single bets can take time, whereas working out all the bets beforehand and simply placing them in a double bet can make it quicker to place a bet. Mainly, the calculator is great for making more informed decisions and potentially minimising risks when betting.<\/span><\/p>\n<h2>Use The Double Bet Calculator At OddsMonkey<\/h2>\n<p><span style=\"font-weight: 400;\">The double bet calculator is the perfect tool for players who are planning on making bets with two selections. Yet if that is not a betting format you are interested in, then don\u2019t worry, as OddsMonkey is the right place to be when it comes to covering all different betting types. Make sure to check out our bet calculators, such as the <a href=\"https:\/\/www.oddsmonkey.com\/matched-betting\/calculators\/accumulator-betting-calculator\/\">accumulator calculator<\/a>, which is perfect for anyone looking to place any \u2018accas\u2019.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you&#8217;re looking to learn about matched betting, look no further than OddsMonkey and our extensive blog and sport-specific guides, such as the <a href=\"https:\/\/www.oddsmonkey.com\/blog\/matched-betting\/horse-racing-matched-betting-guide\/\">horse racing matched betting guide<\/a>.<\/span><\/p>\n<h2>FAQs<\/h2>\n<h3>Can The Double Bet Calculator Be Used By Anyone?<\/h3>\n<p><span style=\"font-weight: 400;\">Yes, the double bet calculator is available to anyone who is looking to place or plan a double bet. Simply visit our <a href=\"https:\/\/www.oddsmonkey.com\/matched-betting\/calculators\/\">betting calculators<\/a> to find all of the available tools we have to offer.<\/span><\/p>\n<h3>Does the Double Bet Calculator Allow for Each-Way Bets?<\/h3>\n<p><span style=\"font-weight: 400;\">Yes, users can change the calculator&#8217;s mode to allow for each-way bets; with a press of a button, the calculator will change to be applicable to each-way wagers.<\/span><\/p>\n<h3>Can the Double Bet Calculator Be Used on All Sports?<\/h3>\n<p><span style=\"font-weight: 400;\">The double bet calculator can be used on any sports where you are placing double bets. No matter if you are placing double bets on football or horse racing, this calculator can be used.<\/span><\/p>\n","protected":false},"template":"","class_list":["post-702","calculators","type-calculators","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.oddsmonkey.com\/matched-betting\/wp-json\/wp\/v2\/calculators\/702","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oddsmonkey.com\/matched-betting\/wp-json\/wp\/v2\/calculators"}],"about":[{"href":"https:\/\/www.oddsmonkey.com\/matched-betting\/wp-json\/wp\/v2\/types\/calculators"}],"wp:attachment":[{"href":"https:\/\/www.oddsmonkey.com\/matched-betting\/wp-json\/wp\/v2\/media?parent=702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}