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. Daily Double – Horse Race Betting Types. The daily double involves picking the winning horse in two consecutive races. All tracks offer the early daily double which involves races #1 and #2. Most tracks also offer a late daily double which is the last two races of the day. Horse Daily Double Betting The daily double was the original exotic wager offered by racetracks, introduced in 1931 at Ottawa’s Connaught Park Racetrack. For years, the wager was offered by most tracks on the first two races of the day to encourage horseplayers to be on track by post time of the opening race of the card. Making a bet can be confusing. Follow these simple steps to figure out how much to bet. Select a bet amount in the left column. Select a bet type in the right column. Select the horses to include in the wager. The total cost of the ticket will appear next to the words Ticket Cost. If there are two horses that stand out against all others and have a very realistic chance at winning, a Daily Double bet is the best way to make the most possible money. They are dependant on each other, however, so both horses must finish in first place or the money is gone.

There are many opportunities in exotic horse racing betting, far more than all straight win, place and show bets. Generally speaking, the payoffs in exotic bets, like the Daily Double and Pick 3, are more lucrative. But of course horse racing betting is a pari-mutuel form of gambling, and the odds always vary by how many bettors choose to make the same wager.

Daily Double and Pick 3 bets are closely related to a straight Win wager in horse racing betting, but by factoring in more than one race, the payout on such bets are multiplied. We’ll describe in detail the specifics of Daily Double and Pick 3 horse racing betting.

Note that the minimum wager at the track is usually $2, so we’ll be using $2 base bets in all examples.

Daily Double Horse Racing Betting

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. Some horse racing tracks will offer what is called a Rolling Daily Double, where the bettor can choose any two consecutive races throughout the day.

A popular form of Daily Double horse racing betting is to bet on a wheel. The Daily Double Wheel allows the bettor to choose a key horse in one of the two races, betting all possible combinations on the other race. The price of the bet is determined by the number of horses in the other race.

For example, you think horse number #6 is destined to win the first race, but you aren’t sure about the second. If there are 8 horses in the second race, a $2 Daily Double Wheel would cost $16. The bet slip would read “$2 Daily Double Wheel 6-All – $16”. It is a bet on horse 3 to win the first race, and any other horse to win the second race (3-1, 3-2, 3-3, 3-4, 3-5, 3-6, 3-7, 3-8).

Daily Best Bets

Pick 3 Horse Racing Betting

The Pick 3 bet is the same as the Daily Double, but includes three consecutive races. Pick 3 horse racing bets are only allowed on designated successive races. Most tracks do present Rolling Pick 3 bets, allowing you to select the three consecutive races of your choice.

Daily Double Horse Betting

All three chosen horses must finish in first place in order to win the bet. If two chosen horses win, but the other does not, the entire bet is lost. There is only one exception to this rule, and that is if one of your picks gets scratched from a race. If the horse does not compete, you are automatically given the “post time favorite” (favored horse to win at time of posting). This will of course affect the payout as well.

Daily Double Bet Horse Racing Hiws It Work

How To Play Daily Double Horse Betting

Along with Pick 3 horse racing betting, there are also Pick 4, Pick 5 and Pick 6 betting options. The premise is the same, but you must choose the winning horses for 4, 5 or 6 consecutive races respectively.