Daily double


Daily double

For the game show wager, see Jeopardy!

A daily double is a wager offered by horse and dog racing tracks. Bettors wager on the winners of two races, pre-designated by the track for a particular race day. While the Daily Racing Form's glossary defines a Daily Double as two consecutive races, [1] this is a loose rule. Many tracks' Daily Doubles are not consecutive. Because of the increased difficulty of picking two straight winners, winning daily double bets often pay off at high odds. [2]

The daily double was the first so-called "exotic" wager offered by North American racetracks. Introduced in 1931 at Ottawa's Connaught Park Racetrack,[3][4] 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 select races during each program. The wagers were offered only a few times each day 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 through three, another on races two through four, and so on throughout the day.

Occasional doubles are offered on important races contested on separate days. The most prominent example is the "Oaks-Derby Double" offered by Churchill Downs, where bettors pick the winners of the Kentucky Oaks and the Kentucky Derby. The Oaks is run the day before the Derby, which is always run on the first Saturday of May.

Notes

  1. ^ Daily Racing Form Glossary of Terms
  2. ^ Saratoga Racetrack Horse Racing Glossary
  3. ^ Snider, Steve (December 30, 1979). "If You Think This Decade is Something, Try ...". The Palm Beach Daily Post: p. E7. 
  4. ^ "Innovation for 'Double' Tickets". Montreal Gazette: p. 19. May 20, 1932. 

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Look at other dictionaries:

  • daily double — n. a betting procedure or bet, in which winning depends on choosing both winners in two specified horse or dog races on the same program …   English World dictionary

  • daily double — Type of wager calling for the selection of winners of two consecutive races, usually the first and second. See late double …   Equestrian sports dictionary

  • daily double — /deɪli ˈdʌbəl/ (say daylee dubuhl) noun two selected races on the one program on which a starting price double (def. 24) is conducted …   Australian English dictionary

  • daily double — noun Date: 1932 a system of betting (as on horse races) in which the bettor must pick the winners of two stipulated races in order to win …   New Collegiate Dictionary

  • daily double — a betting system in horse racing and dog racing in which the bettor makes one bet on the winners of two races, usually the first and second, and collects only if both choices win. [1940 45] * * * …   Universalium

  • daily double — dai′ly dou′ble n. spo a betting system in horse or dog racing in which the bettor makes one bet on the winners of two races, usu. the first and second, and collects only if both choices win • Etymology: 1940–45 …   From formal English to slang

  • daily double — noun a single bet on two horse races in the same day • Hypernyms: ↑bet, ↑wager …   Useful english dictionary

  • double — doubleness, n. doubler, n. /dub euhl/, adj., n., v., doubled, doubling, adv. adj. 1. twice as large, heavy, strong, etc.; twofold in size, amount, number, extent, etc.: a double portion; a new house double the size of the old one. 2. composed of… …   Universalium

  • double — /ˈdʌbəl / (say dubuhl) adjective 1. twice as great, heavy, strong, etc.: double pay. 2. twofold in form, size, amount, extent, etc.; of extra size or weight: a double blanket. 3. composed of two like parts or members; paired: a double cherry. 4.… …   Australian English dictionary

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