Single Bet Calculator
There are many different types of bets in the world of online betting and a lot of the time, punters tend to get confused as they do not know the difference between certain types of bets. Single Bets are one of the most popular types of bets and in this fantastic guide, you will find out everything there is to know about single bets.
What is a Single Bet?
A single bet is a bet which is placed on only one market or selection, meaning that the punter can win some big cash by simply predicting the outcome of just one match! The punter will win their bet depending on whether their predictions for the match they have betted on are correct or not. The punter who is placing the bet has to decide the amount of money that they want to stake. As you are probably aware, the higher the stake is then the higher the potential winnings are. If the punter’s selection turns out to be wrong then they will unfortunately lose their bet and the stake will be given to the bookmaker whilst the punter will get nothing in return. On the other hand, if the selection turns out to be correct then the punter will win the bet and the stake will be multiplied by the odds in order to determine the overall profit. At this point, the stake and also the profit will be given to the punter as their winnings.
Single Bets are very popular and they are one of the original types of bet which has been around for a long time. Despite the fact that new types of bets have been introduced to the world of online betting throughout the years, Single Bets have managed to remain popular and millions of people bet via single bets every single day! Single Bets are immensely popular amongst football fans and they are available on pretty much every football game!
The majority of bookmakers offer high odds on certain selections which they think have a low chance of winning. The higher the odds that are offered then the bigger the winnings will be when the chosen selection does eventually win. The most common strategy used amongst punters is to place bets on selected selections which the punter think are more likely to happen, rather than what the odds suggest on the site. These types of bets are commonly known as ‘Value’ bets.
Due to the fact that potential returns are usually lower than those that come from accumulator bets, most of the time, single bets are placed at odds which are very close to evens. To help you understood, we have provided an example which can be found below.
A punter places a bet of £200 on Celtic to score at least three goals in a game at the odds of 1.90 (9/10). If Celtic do manage to score at least three goals then the punter will be on their way to winning £380.
Single Bets are fantastic and they are one of my personal favorites in terms of types of bets. However, just like most things, as well as having a great range of advantages there is also a few disadvantages about Single Bets which we feel you should be made aware of.