I’m not talking about measures of alcohol — although if you’re thinking about betting drunk, here’s a quick word of warning: It’s ill advised and rarely works out well… Even if you are just drinking singles!
No, I’m talking about bet types.
And more specifically, I’m talking about why you will probably be better off just sticking to singles rather than doubles.
To answer that, lets look at the pro’s and con’s of doubles.
A double is when you bet on two different horses (in different races) to win. The main advantage to a double is obvious. If both of your bets win you will win a lot more money than if you just had a single bet on each.
And the second and slightly less obvious advantage is, if both of bets that make up the double are good value, then by placing a double you will compound your overall advantage.
However, the compounding nature of a double is (excuse the pun) a “double” edged sword.
Meaning if the two bets that make up the double aren’t good value, you will end up compounding that disadvantage.
The other downside of doubles is that you need both parts of your bet to win for your bet to pay out. Which means you’ll have longer losing runs than you would if you were just betting singles.
And those longer losing runs create another problem.
You are going to need to have a larger betting bank to deal with these longer losing runs. And by larger betting bank I mean you need to increase the amount of “points” your betting bank is divided into.
There are two ways to do this.
1) You can increase the overall amount of actual money in your betting bankroll so you can carry on staking the same amount you usually do without increasing the risk to your bankroll.
2) You can divide your current bankroll into more points which will mean you will be betting less money.
Unless you can magic up some extra money out of thin air, option 1 is off the cards.
Which leaves you with option 2, which means reducing your stake size.
By reducing your stake size, you’re reducing the amount of money you can potentially win which takes away the main advantage on betting on doubles in the first place. (To win more money)
Doubles aren’t sounding so good now…
Don’t get me wrong. I’m not totally against betting on doubles. There is a time and a place for them.
But the majority of the time you are going to be far better off sticking to singles.
Until next time,
P.S. You’ll rarely find a decent horse racing tipster advising betting on doubles… (At least not very often)
Just take a look at some of the tipsters in the Winners Odds tipster portfolio. They all mainly advise straightforward single bets and the results speak for themselves.
You can take a look at the results here: