Good day at the bookies, got your double bet up and want to know how much you have won. Use the double bet calculator below to calculate your winning for both win and each-way (EW) double bets quickly and for free!
Working out how much your winnings are on a double bet is usually quite easy. However, it does get more complicated depending on the amount of stakes and crucially the odds of the winners.
The double bet explained and calculated.
Basically, your stake goes on your first selection, if that wins then your winning plus the original stake roll over to your next selection. If your second selection wins, that’s it and it is time to collect!
Example of a double bet calculation
£10 Double bet
1 x winner @ 4/1 – £10 x 4 = £40 + your £10 stake back = £50
1 x winner @7/2 which is 3 1/2 to 1 – £50 x 3 1/2 = £175 + the £50 stake back = £225
So you’ve won £225 in the example above.
Each way or EW double are slightly more complicated, if you choose 2 horse races and 1 win and the other gets placed then you have the each way part of the bet up. If both your choices win you have both the win-win and the each way bet up, so it’s happy days.
The EW double is 2 separate bets, but your being on both selections too, but your betting on both selections to be placed also, that’s why it costs twice as much to put on than a standard double i.e a £10 each way double costs £20.
Example of each way double bet calculation
£10 EW double = £20
1 x winner and