A Daily Double is a type of wager in horse racing in which a single bet is placed on two different races. It is sometimes referred to as an “across-the-board” bet, and is one of the most popular wagers in the sport. The Daily Double is usually offered at the beginning of each racing day, and is usually the only wager of its type offered at any track.
The Daily Double is a bet on two different races, usually the first two races of the day. The bettor must pick the winners of both races in order to win the bet. In some cases, the bettor may be allowed to pick the winners of both races in any order, though this is less common.
How Much Does a Daily Double Cost?
The cost of a Daily Double wager varies depending on the track and the type of wager being placed. Generally, a Daily Double bet costs the same as two win bets, meaning the bettor must pay twice the amount of a regular win bet. For example, if a regular win bet costs $2, then a Daily Double would cost $4.
The cost of the wager can also vary depending on the type of wager being placed. For example, a Daily Double may cost more if the bettor chooses to pick horses in both races to finish in the top three or four, rather than just the winner.
What are the Different Types of Daily Double Bets?
Daily Double bets come in a variety of forms, each with its own set of rules and costs. The most common types of Daily Double bets include:
Win/Place
A Win/Place Daily Double bet requires the bettor to pick the winners of both races, as well as the horses that will finish in the top three or four in both races. The cost of this wager is twice the cost of a regular win bet.
Show/Place
A Show/Place Daily Double bet requires the bettor to pick the horses that will finish in the top three or four in both races. The cost of this wager is twice the cost of a regular show bet.
Win/Show
A Win/Show Daily Double bet requires the bettor to pick the winners of both races, as well as the horses that will finish in the top three or four in one of the races. The cost of this wager is twice the cost of a regular win bet.
How Much Can You Win on a Daily Double?
The amount a bettor can win on a Daily Double depends on the type of bet being placed. Generally speaking, bettors can win up to twice the amount of their wager, though this varies from track to track.
For example, if a bettor places a $2 Win/Place Daily Double, they can win up to $4 if both of their horses win. Similarly, if a bettor places a $2 Show/Place Daily Double, they can win up to $4 if both of their horses finish in the top three or four.
What is the Difference Between a Daily Double and an Exacta?
A Daily Double is a wager on two different races, while an Exacta is a wager on two horses in the same race. The Daily Double requires the bettor to pick the winners of both races, while an Exacta requires the bettor to pick the first and second place finishers in the same race.
The cost of a Daily Double is usually twice the cost of a regular win bet, while the cost of an Exacta is usually twice the cost of a regular show bet. The amount a bettor can win on a Daily Double is usually twice their wager, while the amount a bettor can win on an Exacta is usually four times their wager.
What are the Advantages of Placing a Daily Double?
There are a number of advantages to placing a Daily Double wager. These include:
- Affordable: Daily Double wagers are usually more affordable than other types of wagers, as they cost the same as two win bets.
- Low Risk: Daily Double bets are low risk, as bettors only need to pick two winners in order to win.
- Simple: Daily Double bets are relatively simple to understand, making them a great choice for novice bettors.
- Potential for Big Payouts: Daily Double bets have the potential to pay out big if both horses win, as the bettor can win up to twice their wager.
Are There Any Disadvantages to Placing a Daily Double?
Yes, there are some potential disadvantages to placing a Daily Double wager. These include:
- Difficult to Win: Daily Double bets can be difficult to win, as the bettor needs to pick two winners in order to win the bet.
- Costly: Daily Double wagers can be costly, as they cost twice the amount of a regular win bet.
- Fewer Options: Daily Double bets usually have fewer betting options than other types of wagers, as the bettor is limited to two races.
Conclusion
A Daily Double is a type of wager in horse racing in which a single bet is placed on two different races. The cost of a Daily Double wager varies depending on the track and the type of wager being placed, and the bettor can win up to twice their wager. Daily Double bets come in a variety of forms, and there are a number of advantages and disadvantages to placing such a bet.