An up-and-down bet is a two-part wager conditional on sufficient earnings from the first part to support the second part in terms of funds. It’s referred to as an any-to-come if-money wager, which means that every aspect of the bet only proceeds if funds are left from the first part.
You are placing a stake on one selection and if this wins an additional stake is placed on the second selection. If both of these win you in effect have double the initial bet on both selections that can potentially produce twice the winnings. Conversely if only one selection loses you lose both original stakes. There are variations on this that we will explore below.
An Up and Down Bet Explained
An up-and-down bet involves placing a two any-to-come bets involving two same selections. If the first selection is successful, the initial stake is used on the second selection. And if both selections are successful, each initial stake is used on the other selection. Let’s consider how this bet works. The bet features two parts as well as two selections.
- Part One: You place a wager on selection one, and if this bet wins, the second bet is placed on selection two using the profits and original stakes.
- Part Two: You wager half of the stake on the second selection and keep the winnings if the bet is successful. The remaining half is used on the first selection to win, and if you’re correct, you collect all the profits, and the wagering sequence ends.
How Does An Up and Down Bet Work?
Let’s assume you’ve £10 to wager on two teams playing in different games that have odds of 5/1.
- Part One: You bet £5 on team A to win. If it wins, you will keep the £25 winnings and invest the remaining £5 in team B.
- Part Two: During the second phase, you decide to do the opposite and wager the first £5 on team B. For the second time, you keep the winnings and bet the other £5 on team A.
Using this example, your returns will increase to £100. If you were to place two single wagers of £5 on each team at the same betting odds of 5/1, your maximum winnings (minus stake) would be £50. Since this is an if-money bet, also referred to as an any-to-come conditional wager, all of your predictions need to be correct in order to maximise your returns. If one or more selections lose, your return on investment reduces significantly.
Example of an Up and Down Bet
Let’s say you’ve £5 to bet and want to wager on your favourite horses in two separate races. To keep things as simple as possible, let’s assume the odds for the two horse selections are 4/1. If you decide to use your £5 stake to place a single £2.5 wager on each event/horse, you stand to earn £20 (£10 from each race/horse). But if you use your £5 stake to place an up-and-down wager, you have a chance to win £40 (£20 from the first part and £20 from the second).
Types of Up and Down Bets
After understanding this type of bet, it is essential to expand your knowledge by knowing the different versions available. Currently, there’re two types of up-and-down bets, each with additional potential winnings and rules. These up-and-down bet types are:
Single Stakes About
If you prefer single bets, then this type of wager is an good option for you. Single stakes about bets are the most popular and work as described in the examples above. In both sections of the wager, the same stake placed on the first part is used on the second, provided the initial selection generates enough money to fund the second selection.
When you place a single stake about wager, keep in mind that if you use a stake of £2.5, it means you are staking £5. £2.5 will be used on the first part while the remaining £2.5 will be placed on the second part.
Double Stakes About
The double stakes about bet is pretty much similar to the single stakes about wager, but there is a slight variation. The variation resides in the fact that some of the winnings are reinvested in the next sections. In simple terms, if the first wins, double the initial stake is bet on selection two.
However, keep in mind that part one of each wager will not generate a massive return if it is placed at even odds or lower. When this occurs, whatever funds are left are used for part two of the wager.
Are Up and Down Bets Worth Your Time?
Betting experts invented an up-and-down bet to provide bettors with a way to increase potential returns if you accept higher risk. Depending on your risk-taking level, you can choose either a double stakes about or a single stakes about bet.
If you make correct predictions, you stand a chance to win more from an up-and-down bet compared to placing singles. While it can provide good returns, this conditional wager requires good research before placing it.
