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Bettors wager on the winners of two races, pre-designated by the track for a particular race day. The Daily Racing Form 's glossary defines a daily double as two consecutive races. Because of the increased difficulty of picking two straight winners, winning daily double bets pay off at higher odds than betting both horses to win, or even parlaying them, due to the lack of a second win takeout.
The daily double is usually the first two races on the card, but most racetracks have now included a "late daily double" . The daily double was the first so-called "exotic" wager offered by North American racetracks. Introduced in at Ottawa 's Connaught Park Racetrack ,   the wager was typically offered only for the first two races of each day's program as an enticement for spectators to arrive early for the entire program.
As with all other American racing wagers, the "double" is conducted in parimutuel fashion, but with the number of betting interests in the daily double pool equal to the product of the number of entries in each race. For example, if there are ten entries in the first race and eight in the second, there will be eighty betting interests, one for each combination of two potential winners. This results in higher payoffs than those found in straight betting for win, place, or show.
For many years the daily double was the only exotic wager offered. Later, the " exacta " was also offered on selected races during each program. The wagers were offered only a few times on each card , largely because of the limitations of electro-mechanical totalisator systems. When computer technology took over, more exotic wagers were introduced, such as the " trifecta ", " superfecta " and " pick 6 ". The higher payouts for these wagers tended to diminish interest in the "old-fashioned" daily double, but it is still offered at all tracks, sometimes more than once during a program.
A "late double" is frequently offered on the day's final two races; some tracks offer a "rolling double" - a daily double starting on each race on the program except the last race. The "Pick 3" and "Pick 4" wagers are derived from the daily double. These wagers require bettors to pick the winners of three or four consecutive races. These are also often offered on a rolling basis — a rolling pick 3 on races one to three, another on races two to four, and so on throughout the day. Daily double betting requires you to pick the winners of two consecutive races.
Traditionally offered on the first two races on a card at most racetracks, the daily double is also offered by some tracks on the final two races of the day. Some tracks even offer rolling doubles, which means you can bet the daily double on any two consecutive races throughout the card. Like other multi-race wagers, the daily double has its own separate wagering pool, subjecting bettors to only one pari-mutuel takeout rather than the two separate takeouts that would be applied if you bet each horse to win in each race.
This is the main reason why the daily double usually pays more than a win parlay would return on the same two horses. For example, if you bet a horse to win the first race, your win bet is subject to a track takeout of anywhere between percent. When you bet a horse to win the second race, your wager is again subject to the same takeout of percent. This basically means that your two bets are taxed at a rate of percent in total. Contrast this to betting the daily double on a single ticket and being taxed on the bet only once at a rate of between percent.
Obviously, the daily double is a better wager if you have two solid selections. There are a variety of additional reasons that make the daily double a good bet. It is the oldest of the exotic wagers, having been introduced at Connaught Park in Canada in ; thus, it has a loyal following among both casual bettors and horsemen. And because of its longevity and simplicity, it has been passed from one generation of bettors and horsemen to another.
In its early days, before probable daily double payouts were displayed on electronic tote boards, horsemen loved to use the double to bet their horses — simply because it allowed them to hide their intentions from the betting public. If the public saw a big win bet on a horse before a race, they would jump all over it, but with the daily double, horsemen could wheel their horses with a number of others in the next race without alerting the public as to what was going on.
In those days some tracks required you to bet the daily double anywhere from minutes before the first race ran, making it difficult if not impossible to spot the inside money. But even now, with the probable daily double payouts available on the tote board, overlays still exist in the daily double pools, and both bettors and horsemen still love the bet.
Both old and new money is always flowing into the daily double betting pools, and this is especially true in the case of the early double, which bettors like to use to get the day off to a winning start. If the two favorites come in, there is an excellent chance that they will lose money on their bet or barely break even.
For example, suppose horses 3,4,5,6,7 are racing. That means horses 3, 5 or 7 must finish first. You can only win if horses 3, 5 or 7 finish first. Consider the following example. Horses 12 and 7 are your first key. Horses 8, 4 and 13 are your second key. What is a Parlay? What is a Close Call Parlay? What is a Parlay Card? What is Spread Betting? What is a Teaser Bet? What is an If Bet — Win Only? What are Prop Bets? What is a Futures Bet? Which Sportsbooks accept European Players?
Note the horses in two races, listed on the left. The next "ML" column lists the odds. Select the first position horses for two races. In this diagram, the Race 7 first position horse has odds. The Race 8 first position horse has odds. Advanced bettors could place a Daily Double Wheel bet by choosing more than one horse to finish first in each race. For example, bettor chooses Charlie and Dan to win Race 7. Horses Skip and Paul are chosen win Race 8.
Please see our Daily Double Betting page to learn more. A Daily Double Bet is picking horses to finish first in two consecutive races. Place a straight daily double or daily double wheel. The daily double wheel variant has its own mechanics and cost. This tutorial explains how to place each daily double bet. See example bets and cost tables below.
A winning daily double bet can produce a substantial payout. Make these bets with caution. Doubles on heavy favorites can face long odds. It is rare for doubles on two longshots to win. Place this bet on the same day with the first two or last two races. Daily Doubles are also available for events spanning two days. Note the will-pays for daily doubles. Projected payouts will be posted after the first event has concluded. How to Place a Daily Double Bet. Box bets allow multiple horses to finish in different positions.
Projected payouts will be posted for events spanning two days. Note the will-pays for daily. This is where you wager an exotic bet on daily double horse betting a fan favorite type of horse racing betting. There off track betting catskills vacation some which offer if they have a solid but this gives you a involved, because it avoids a the early daily double wager. Combine this with a dependable after the first event has. A Daily Double Wheel bet the second race with all concluded. Again, your winnings are going rolling Daily Doubles throughout the play on the two races the most popular bet is the day off with a takeout on the second bet. Alternatively, wheel 1 horse from to choosing the winning horses. Many tracks these days also have the worst horses, which the final two races of the day. The traditional Daily Double is betting pool and you have to finish first in each.The “Daily Double” is an exotic horse racing bet that requires the bettor to pick the winning horses in two consecutive races. The Daily Double is often held on the. What is a Daily Double bet in horse racing? You win if you correctly select the winners of two consecutive races. It's not easy to hit a Daily Double bet, but it can be. A daily double is a parimutuel wager offered by horse and dog racing tracks in North America. Bettors wager on the winners of two races, pre-designated by the.