Daily Double Horse Bet
See Also: Daily Double Wheel Bet
The Daily Double is a bet where you try to predict the winner of two consecutive races. The standard wager amount is $1, but there are some tracks that have a $2 minimum wager for this bet. This was the first type of multi-race wager offered by tracks and is offered by almost any horse track in North America. It is most commonly found as a bet during the first two races of a card. 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 first two races of the day, and usually on the last two races as well, called the Late Daily Double. A daily double is a parimutuel wager offered by horse and dog racing tracks (and at jai alai frontons) in North America. 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. A double bet combines two single win bets over two separate horse races. The bettor must select the winner of each of the two nominated daily double races for the bet to be successful. The daily double is the Australian colloquial term for double betting.
The Daily Double is picking the first position horses in two different races. Each horse must finish in the first position for your bet to win.
Some tracks like Keeneland have a $.50 minimum and online Daily Double bets have the same minimum stake as betting Daily Doubles at the track. How much can I win on a Daily Double bet? Winnings on a daily double bet in horse racing are unlimited and are determined by the pari-mutuel system where all the winning tickets share the pool of money collected (less the money the track takes as commission).
Daily Double bets are ideal for races with big favorites facing little competition. However, Daily Doubles are riskier because picking two race winners is less probable compared to one race winner.
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Sample procedure for how to make a Daily Double bet at a horse racebook
- Select the 'Daily Double Bet' from your racebook’s wagering menu.
- 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 5:1 odds. The Race #8 first position horse has 6:1 odds.
- ***Notes: Both horses must finish first in their races. 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. The bet wins if either Charlie or Dan wins Race 7, and either Skip or Pail wins Race 8. Please see our Daily Double Betting page to learn more.
Example: $2 Straight Daily Double Bet
The minimum Daily Double costs $1. If you’re betting an exacta for the first time, bet the lowest amount possible.
Example Bet:
$1 Daily Double on Horse 12,Race 3 and Horse 8,Race 5. That means you are betting $1 that horses 12 and 8 will finish first in their races.
Variant #1: Daily Double Wheel Betting
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The Daily Double bet is picking sets of horses to finish first in two different races. This bet improves your chances of winning because 1 or more horses can be chosen for each race.
Can I make a Daily Double Box Bet?
Daily Double Box bets are not possible because the bettor only makes choices for first position. Box bets are for two or more finishing positions.
The Daily Double 'Key' Concept
Keying means selecting a set of horses to finish in a certain position. Daily Doubles are for first position in two different races. That means 2 keys must be made for each Daily Double Wheel.
Start with the first race key. Select 1 or more horses. For example, suppose horses 1, 2, 3, 4, 5 & 6 are racing.
Make the second race key. Select 1 or more horses. For example, suppose horses 3,4,5,6,7 are racing.
Example 1st Race 1st Horse Key is: Horses 4 & 2
That means horses 4 or 2 must finish first. You can only win if 4 or 2 finish first.
Example 2nd Race 2nd Horse Key is: Horses 3,5,7
That means horses 3, 5 or 7 must finish first. You can only win if horses 3, 5 or 7 finish first.
| Race 1, Race 2 Result | Result |
|---|---|
| 4,3 | Win |
| 4,5 | Win |
| 4,7 | Win |
| 2,3 | Win |
| 2,5 | Win |
| 2,7 | Win |
| Finishing Order | Result | Why? |
|---|---|---|
| 6,4 | Lose | Horse 6 not in first key. Horse 4 not in second key. |
| 2,4 | Lose | Horse 2 correct. Horse 4 not in second key. |
| 3,5 | Lose | Horse 3 not in first key. Horse 5 correct. |
| 4,1 | Lose | Horse 4 correct. Horse 1 not in second key. |
Daily Double Wheel Bets Cost $1
Consider the following example. We’ve keyed horses into the each race’s first position. Daily Doubles cost $1 times number of combinations.
Daily Double Wheel Cost Calculation: (Number first key horses x Number second key horses) x (Cost per combination)
Example 1: $1 Daily Double Wheel
Horses 12 and 7 are your first key.
Horses 8, 4 and 13 are your second key.
(2 horses x 3 horses) x $1 cost = $6
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| Finishing Order | Cost Each |
|---|---|
| 12,8 | $1 |
| 12,4 | $1 |
| 12,13 | $1 |
| 7,8 | $1 |
| 7,4 | $1 |
| 7,13 | $1 |
| Total Cost | $6 |
Daily Double Wheel Cost Calculation: (Number first key horses x Number second key horses) x (Cost per combination)
| Key 1 Horses | Key 2 Horses | Total |
|---|---|---|
| 1 | 2 | $2 |
| 1 | 3 | $3 |
| 1 | 4 | $4 |
| 1 | 5 | $5 |
| 1 | 6 | $6 |
| 2 | 2 | $4 |
| 2 | 3 | $6 |
| 2 | 4 | $8 |
| 2 | 5 | $10 |
| 2 | 6 | $12 |
| 3 | 2 | $6 |
| 3 | 3 | $9 |
| 3 | 4 | $12 |
| 3 | 5 | $15 |
| 3 | 6 | $18 |
| 4 | 2 | $8 |
| 4 | 3 | $12 |
| 4 | 4 | $16 |
| 4 | 5 | $20 |
| 4 | 6 | $24 |
| 5 | 2 | $10 |
| 5 | 3 | $15 |
| 5 | 4 | $20 |
| 5 | 5 | $25 |
| 5 | 6 | $30 |
| 6 | 2 | $12 |
| 6 | 3 | $18 |
| 6 | 4 | $24 |
| 6 | 5 | $30 |
| 6 | 6 | $36 |
Daily Double Horse Racing
| See Also |
|---|
| Daily Double Wheel Betting |
| Trifecta Betting |
| Quinella Betting |