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A double bet is the simplest way of making an accumulator/combination of bets. When placing a double bet, you are π betting on 2 outcomes in 2 events on the same betslip. Both outcomes must be correct for you to win π the double bet. The 2 separate odds are multiplied with each other and then the stake to determine your return.
Example π of a double bet
For example, if you place a double bet with a stake of Β£10 on Barcelona to beat π Atletico Madrid at odds 1/1 (Evens) and Manchester City to beat Liverpool at odds 1/1 (Evens) your return will be π Β£40 (3/1*Β£10=Β£40) if both teams win their respective matches and your profit will be Β£30 (Β£40-Β£10=Β£30). If BarΓ§a or The π Citizens does not win their match your stake is lost.
Pros and cons of a double bet
The pro of a double π bet is that it results in more profit than placing 2 single bets. The con of a double bet is π that the risk is higher because if 1 of the outcomes is not correct then the whole stake is lost.