Use this free Double Bet Calculator to quickly determine your potential winnings for a two-team parlay. Enter your stake, select your odds format, and see your total payout instantly.
Use the Double Bet Calculator above to calculate your potential winnings in seconds. Bookmark this page so you can check your parlay payouts anytime.
How the Double Bet Calculator Works
This calculator uses a simple formula to determine total odds and payouts. Here’s how it works:
- Convert both team’s odds into decimal format (if not already in decimal).
- Multiply the two decimal odds together to get the parlay odds.
- Multiply the parlay odds by your stake amount to get the total payout.
- Subtract your stake from the total payout to get the profit.
What Is a Double Bet?
A Double Bet, also known as a 2 Team Parlay, is when you combine two bets into a single wager. Instead of placing individual bets on each selection, you link them together, and both must win for the bet to pay out. The upside? The odds multiply, leading to higher potential payouts compared to single bets. The downside? If just one team loses, the entire bet is lost.
For example:
- Selection 1: Team A to win at odds of 2.00
- Selection 2: Team B to win at odds of 1.50
The combined odds for this double bet would be 3.00, offering a greater payout than two separate single bets.
Why Use a Parlay Bet?
Parlays offer bigger payouts because the odds are multiplied. A single bet might have lower odds, but a 2 team parlay boosts the potential winnings significantly.
- Higher payouts – More risk, but bigger rewards.
- Lower stake, higher return – You don’t have to bet big to win big.
- Exciting way to bet – Adds more thrill to watching games.
However, keep in mind that both bets must win for you to collect any winnings. If one loses, the whole parlay is lost.
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Looking for other types of bets to calculate? Find all betting calculators available in our site.
FAQs
If one of your selection loses, the entire double bet is lost.
Yes, you can combine different bet types (e.g., moneyline and point spread) as long as both selections are independent events.
Double bets are a good starting point for beginners looking to move beyond single bets, offering higher returns with manageable risk.
Yes, the double bet calculator will give you the potential payout for your 2 team/ 2 legs bets.