Benefit of doing a Double over 2 singles one after another

podgeandrodge

What is the benefit of doing a double over doing 1 single and then putting the winnings on another single?

If you look up articles on doubles you generally get something like this:

Double- This may not come as a massive surprise, but a double has twice as many selections as a single. Both need to win for the bet to win, if any of them lose the bet loses. The good thing about a double is that if both selections win you get far more winnings than you would if you put two singles on.

For example, if you bet €1 on a double of two horses at 7/1 each and they both win you would get €64- if you split your €1 into 2 x 50c singles and both horses won you would only get €8.


But equally in the example above I could put €1 on 1 horse at 7/1 and win €8 and then put that €8 on another horse at 7/1 and end up with the same result of €64.

So why do the double? What am I missing?

Thanks.

shocksy

I suppose it comes down to whether the person would be in the bookies or online again to place the 2 single bets one after the other, or if the races aren't that far apart from each other you might not get paid on time and you could miss the chance to double up, there's no incentive to it, you aren't missing anything, its just handier, one bet covers both instead of doing two bets for the same thing. Either way you are going to win or lose so thats it really.

UrbanSea

There is zero advantage imo. People say you get bigger returns from a double, yeah you can do that with two singles. At least with two singles, if the first wins you can remove your original stake. Yes the returns off the second won't be as much, but gauranteed your stake back at least.

wyndham

There is no difference, apart from convenience. When there was a betting tax it made a difference, as you would have been taxed twice on your stake.

Obviously when 2 events are on simultaneously it's the only way to go, like football matches.

RefulgentGnomon

If you think the second horse is worth backing, it might be reasonable to assume that its price will shorten before its race.
In that case, you would not be able to replicate the same payoff with two singles.

Formation

The difference is that in the long run the 2 50c single bets will be more profitable 99.9% of the time.

podgeandrodge

Formation wrote: »

The difference is that in the long run the 2 50c single bets will be more profitable 99.9% of the time.

I've read this somewhere - could you elaborate? Should it not be identicle? Thanks.

DB74

2 x singles would be better than a double IMO. The only thing that can go wrong is if the price of the second horse shortens before you get to put the second bet on

The advent of BOG on singles (but not multiples) also protects your odds better on 2 singles

Also if you're online (or somewhere with a few shops) you can place the 2 bets with different bookies to take advantage of differing prices.

Each-way doubles, now that's a different kettle of fish altogether

DB74

Just noticed that this is in the football section so obviously BOG doesn't apply, nor does each-way