Daily Double Horse Racing Bet
The daily double involves picking the winning horse in two consecutive races in the same track. 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. Some tracks also offer a rolling daily double which is on any two consecutive races. To win a daily double you must pick the winning horse in each of the two races. Combination bets can also be made on daily doubles.
When you are confident of a horse winning either of these two races but are uncertain of the outcome of the other race, especially if the horse in which you are confident has good to excellent odds, you might want to consider the daily double wheel. In this bet you bet your key horse with all the horses in the other race. Your key horse might be in either of the two races. Tell the clerk EX. : "In Santa Anita, race 1, give me a $2 Daily Double wheel the 5 with ALL"; if you are confident in the #5 horse winning the first of the two races. But if your key horse is the #3 in the second of the two races tell the clerk i.e. "$2 Daily Double wheel ALL with 3". The formula for calculating the cost of the daily double wheel is simply the number of horses in the first leg times the number of horses on the second leg, times the dollar value of your bet.
Example: The race other than the race containing your key horse has 10 horses and you wish to make a $2 bet. (2 x 1 x 10 = $20)
Daily Double Part-Wheel
The daily double part-wheel bet is a further refinement of the daily double wheel bet. This allows you to exercise your handicapping skills to eliminate all horses that you think will not win the race. This will reduce the size of your investment.
Example: As in the example in the daily double wheel above you have a key horse in one race and 10 horses in the other race. But you have decided that only five of the 10 horses have a chance of winning their race. So, by doing a daily double part wheel, you have one horse in combination with five horses and if you wish to bet a $2 bet your cost would be (2 x 5 = $10). You just saved yourself $10 over the full wheel bet and hopefully you did not throw out the winning horse. If for example, you decided that the #5 horse will win the first race of the double and that either horses #2, #4, #5, #8 or #9 will win the second race of the double you would tell the clerk i.e. ($2 Daily Double Part Wheel 5 with 2, 4, 5, 8, 9). NOTE: A $10 daily double part wheel (5 with 2,4,5,8,9) would cost (10 x 5 = $50).