A single bet means that you’re betting on one selection, and for the bet to win, you’ll need that selection to win. If the selection doesn’t win, then you guessed it, your bet won’t win either.
A single bet is popular as it doesn’t require as many selections as doubles, trebles, or accumulators to win to see a potential profit. You’re simply betting on one selection to win, and if they do, then your bet will be settled as a winner with your chosen bookmaker.
Single bets can be placed on many different betting markets from plenty of sports. This could range from a team or player to win a match, for a player to hold serve in a tennis match, or for a player to score a certain amount of points in a basketball match. There are plenty of betting angles you can choose for a single bet, and with it being easy to place and track with your chosen betting site, you can understand why it’s a popular choice amongst bettors.
Single Bet Examples
Below, you can find an example of a single bet that we placed on Betfair, which is a great betting site to use, especially since they have a strong sign-up offer for new customers.
Let’s say that you bet £2 on QPR to win at odds of 2/1. If your bet is winning you can get £2 * (2/1 + 1) = £6.
In this case, you actually get £4 since the amount of your stake is £2. On the other hand, if your bet is losing you’ll just lose your £2.
The process itself couldn’t be easier, as all we had to do was click on the odds for the team we think will win the match, before choosing our stake, and clicking on the ‘Place Bets’ option.
Lets look at another example. This time we’ll use bet365.
If we were to place a £10 bet on England to win the World Cup at odds of 8/1, we would receive a total return of £90, which includes our original stake. So the winnings would be £80.
What Is An Each-Way Single Bet?
An each-way single bet is hugely popular amongst horse racing bettors, as they look to provide themselves with some insurance behind the selection that they’ve wagered their funds on. An each-way bet consists of two parts, with one being the ‘win bet’, and the other being the ‘place bet’.
Below, we’ve outlined how an each-way bet is calculated.
- Win bet Wins if the selection wins the event they’re competing in.
- Place bet Wins if the selection finishes within the specified amount of places. It’s important to remember that this differs depending on how many horses are involved in a race.
- If your betting selection wins, then both the win and place parts of your each-way bet will be settled as a winner.
- If your betting selection places, only the place part of the each-way bet pays a return, which depending on the odds, could see a potential loss of funds overall.
Single Bet Strategy
Some punters like to have a betting strategy in place for any bets they place, and this is no different with a single bet strategy. For any betting strategy, it’s important to have a staking plan in place, as otherwise, you run the risk of losing out on your potential profit in the long-term. Having sensible bankroll management in betting is one of the most important points to take into account when looking into a betting strategy.
With a single bet being one of the easiest types of bet to follow, it’s vital to still look into potential value in the odds being offered by your chosen betting site. Some betting markets hold value for longer than others, with statistical-based prop markets having relatively low liquidity within the value before the line or odds change.
You should always look into other bookmakers’ odds on certain betting selections, as some will give your more value for your money, whether that be the odds on offer, or the market itself potentially offering more for your money. An example of this could be Paddy Power offering you odds of Evens for a certain player to hit 20 points in a basketball match, whereas Coral could be offering you the same odds but for the same player to hit just 18 points, which would represent more value for the punter.
Single Bet Calculator
As previously mentioned, single bets are relatively simple to work out your return, especially since there’s only one selection involved in the bet you would have placed. However, if you’re still keen on double checking what your potential returns could be from a single bet, then check out our single bet calculator, which does all the hard work for you in working out what your potential returns will be from a bet.
Single Bet Calculator