We use Young's raising operators to introduce and study double theta polynomials, which specialize to both the theta polynomials of Buch, Kresch, and Tamvakis, and to double (or factorial) Schur S-polynomials and Q-polynomials. These double theta polynomials give Giambelli formulas which represent the equivariant Schubert classes in the torus-equivariant cohomology ring of symplectic Grassmannians, and we employ them to obtain a new presentation of this ring in terms of intrinsic generators and relations.