You will often see the up and down bet explained as being a bet that is split into two halves where the amount of the second wager is dependent upon the success of the first.
So if your original stake won, you would then double stakes for your second selection. This is part of the round robin betting strategy and it’s another smart way to make your betting much more profitable for the next time you try some Aintree betting.
Up and down bet example: key features
All up and down bets will have two parts and two selections. This up and down double cot means that you would bet your single stakes on the first selection and, if this won, then you would place another single bet on a second selection.
The second part of your up and down bet requires the punter to bet on the second selection and, if this wins, the same stake is bet on the first selection.
What this does is that it doubles the amount of money that you can win from two separate stakes.
Whilst this is obviously hugely attractive for any serious punter, it’s worth mentioning that this increased risk has meant that it also has the possibility of providing some fairly unpleasant losses too. So always use a bet calculator and an online betting guide to make sure that you’re not going over your betting budget.
Why do people use the up and down bet
As we have all seen an up and down bet example that has gone wrong, there’s the inevitable question of why do punters continue to use this betting tactic?
The answer is that this is one of the best ways to maximise your profits if you have a good feeling that two different betting selections are going to pay off.
Rather than looking into single stakes about 3 selections, the up and down bet keeps things relatively simple and can dramatically improve your profits just through two winning bets.
Most punters will use an up and down double calculator to figure out the potential wins and losses of using this strategy, and it’s not something that newcomers to sports betting should try without plenty of prior research.
This is because even if you win a single bet on one selection, you can still lose your whole stake if the other half of your wager falls through.
The most common kind of up and down bet is the ‘single stakes about’ wager. This uses the same amount in the second selection as the first selection – as long as the first winning result produces the appropriate funds.
But some punters will go one step further and will try the ‘double stakes about’ bet. This doubles the stake on the second selection if the first selection succeeds, and it needs odds of better than evens on the first selection in order to produce a large enough stake.
The up and down bet explained
It’s always good to do a little case study on any betting method, so here’s an upside down bet example that should hopefully illustrate how this strategy can seriously boost your winnings.
So once you’ve set up your betting account, imagine that you were at a horse race with £10 and you wanted to bet on two different horses in two different races. To save us reaching for our double stakes about bet calculator, we’ll keep this simple and say that both horses had odds of 5/1, and we were going to do a single stakes about wager.
Normally, you would put separate £5 bets on each race, and if you won you’d get a total of £50 in return.
But with a single stakes about example, your up and down bet would give you a total of £100, as you’d get £50 from the first selection, and £50 from the second.
Whilst this does sound like a great way to maximise your betting profits, it’s essential to remember that only one side of this up and down bet has to lose for your wagering stakes to be completely wiped out. And just like round robin bets, four fold bets and Goliath bets, it is a risky betting strategy.
So be sure to learn from this up and down bet example and make some money from betting!
Alternatives to up and down betting
If you’re slightly cautious about the likes of up and down betting, then don’t worry, as there are plenty of great alternatives that can provide some less risky wagering.
The up and down bet example showed us how we raise our bets if the first selection won so as to maximise our profits.
But a good alternative is the rising method that sees you doubling your stakes if your first selection loses.
This is a great way to ensure that you are able to cover your losses even if you have a string of losing bets – just make sure that you choose odds that won’t blow your betting budget too quickly.
Lay betting is another interesting option that requires the punter to bet against the winner. This means that if you felt that the favourite wasn’t going to win, you could lay a bet against them and hope that anybody else in the field will give you a winning result.
This requires you to use betting odds from different bookmakers so that you can adequately cover your wagering, but if used correctly it can give you something close to a guaranteed profit.
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Where to use your up and down betting strategies
As our up and down bet example showed that you need to bet on two separate selections, it makes it all the more important to find a bookmaker who offers you the most competitive odds so as to maximise your profits.
So be sure to use betting comparison website OpenOdds to make sure that you’re getting the latest odds offerings from the most reliable bookmakers around.
These betting resources are also pretty helpful in helping you find which bookies are offering the best promotions to new customers, as well as who offers wagering options like draw no bets and in-play betting.
So that if you want to find some free bets or just want to check that your up and down bet qualifies for a matched deposit bonus, then be sure to go to OpenOdds first.
But regardless of the tempting promotions on offer, it’s always the odds that should determine where you use your up and down betting.
Don’t be shy of shopping around with different combinations of bookmakers so that you can find two selections that work best to give you a decent payback.
The sports betting scene in the UK is extremely competitive, so if you were wishing to use up and down betting on horse racing, then be sure to see which bookies are doing a best odds guaranteed offer to make sure that you’re not missing out on any large dividends.
Examples of good bookmakers for your up and down bets
We all know that there is a massive selection of bookmakers out there for you to choose from. So we’ve made a quick shortlist of some bookies who can give you and your up and down bets a good home.
William Hill: Great odds guaranteed
Everybody knows that William Hill is one of the UK’s most popular bookies who offer great derby betting options, and they’ve always managed to deliver plenty of competitive odds that serve as a good place to try some up and down betting.
But what makes William Hill such a great option is the fact that they’ve included a best odds guaranteed feature on their horse racing wagering.
This will ensure that if you’re lucky enough to get two selections that win in your up and down bet, you will know that you’re maximising your profits thanks to William Hill’s famously generous odds.
Betway: A good option for newcomers
If you’re relatively new to sports betting, but want to try an up and down bet with a bookmaker who makes it easy, then Betway could be a good option.
This bookie has a website that’s incredibly simple to navigate around, and their betting slips are remarkably easy to use to make your up and down bets.
And, with Betway’s legendary customer service on hand to help guide you through the process, it means that we can all enjoy the fun of an up and down bet no matter how inexperienced we are.
Betfred: Horse racing specialists
As up and down betting is commonly used with horse racing betting, it makes sense to go with a bookmaker who specialises in this particular sport.
And the Betfred sportsbook offers an unbeatable selection of horse racing events to try your up and down bet on, plus they make it easy to quickly check the odds on the day’s races.
In addition to this, they also run some interesting horse racing promotions like ‘fall insurance’ and ‘extra places’ which can be especially handy when formulating the selections for your up and down bet.
Why up and down bets are so exciting
There is little doubting the fact that up and down betting is one of the most potentially lucrative betting systems out there. By raising your stakes as a result of the winning result of your first selection, you can really ramp up your winnings quickly.
Whilst the losses associated with up and down betting make it an unlikely choice for risk-averse punters, for anybody who enjoys the thrill of sports betting, it’s clear that up and down betting holds a fascination like no other.
And when used sensibly with OpenOdds, it can help all of us make some decent profits when our winning result comes in.