A Daily Double Bet is picking horses to finish first in two consecutive races. Place a straight daily double or daily double wheel. The daily double wheel variant has its own mechanics and cost. This tutorial explains how to place each daily double bet. See example bets and cost tables below.
A winning daily double bet can produce a substantial payout. Make these bets with caution. Doubles on heavy favorites can face long odds. It is rare for doubles on two longshots to win.
Chapters
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First, let’s define a daily double bet.
Straight Daily Double Bet
Pick horses to finish first in two consecutive races.
Place this bet on the same day with the first two or last two races. Daily Doubles are also available for events spanning two days. This commonly happens with the Kentucky Oaks/Kentucky Derby double.
Your daily double wins if both horses win their races.
Note the will-pays for daily doubles. Projected payouts will be posted after the first event has concluded.
Cost: $2
How to Place a Daily Double Bet
- Choose "Daily Double Bet".
- Horses will be listed on the left. The next "ML" column contains the odds.
- Select two horses to finish first from two different races. Race #7’s pick has 5/1 odds. Race #8’s pick has 6/1 odds.
- Notes: Both horses must win their race for the daily double to win.
Example Ticket:
$2 Straight Daily Double on Horse 3, Race #1 and Horse 6, Race #2 means you are betting $2 that horses 3 and 6 will win their races.
Daily Double Box Bet
A Daily Double box bet is not possible.
Box bets allow multiple horses to finish in different positions. A daily double restricts bettors to choosing the winning horses in 2 different races. Therefore, you can’t “daily double box” multiple horses because only one finishing position is available.
Daily Double Wheel Bet
A Daily Double Wheel bet is picking sets of horses to finish first in each race. Each set is called a key. Each key contains 1 or more horses.
Two Daily Double Wheel Bets
Note: Each race has it’s own key.
Daily Double Full Wheel – Select one horse for the first race’s key. Put all horses from the second race in the second race’s key. Alternatively, wheel 1 horse from the second race with all horses from the first race.
Daily Double Part Wheel – Select your own horses for the first race’s key. Select your own horses for the second race’s key. The part wheel does not include all horses from each race.
Daily Double Wheel Details
Your daily double wheel wins if a horse from the first race’s key wins the first race and a horse from the second race’s key wins the second race.
Cost: $2 per Combination
Daily Double Wheel Cost
This calcuation is straightforward. Multiply the number of horses in each key together. The product is the number of combinations. Then multiply the combinations by the cost per combination.
Daily Double Wheel Combination Calcuation
A = Number Horses 1st Race Key
B = Number Horses 2nd Race Key
C = Cost per combination
(A x B) x C = Daily Double cost
Tip
Racebooks will calculate daily double wheel cost for you. See also this calculator.
Example Ticket:
2 horse key Race #1. 4 horse key Race #2.
- Race #1 Key – Horses 5,2
- Race #2 Key – Horses 8,3,1,6
Example Cost Calculation:
(A x B) x C = 2 x 4 x $2
8 Combinations x $2 = $16
Daily Double Betting Reference
$2 Daily Double Full Wheel with N Horses
Read as 1 horse for Race #1 with N Horses for Race #2
2 horses = $4 (1 with 2 horses)
3 horses = $6 (1 with 3 horses)
4 horses = $8
5 horses = $10
6 horses = $12
7 horses = $14
8 horses = $16
9 horses = $18
10 horses = $20
11 horses = $22
References: Daily Double Betting
winningponies.com/help/wager-types.html
twinspires.com/wagertypes
sportsbetting21.com/daily-double-betting