What is a Single Bet?
A single bet is the simplest type of bet. It is where the punter chooses one outcome of a sporting event and stakes their money on it to happen. The return is worked out by multiplying the stake by the odds.
A simple example of a single bet would be on a football match. Arsenal vs Man Utd, the punter would choose either a home win, away win or the draw to place their bet on. If they were correct they would win the bet otherwise they would lose their stake.
Bookmakers will offer higher odds on selections they think are less likely to win and lower odds on selections they think will win. The punter must consider whether the odds are worth the gamble. Betting on low odds can seem like you are more likely to win but your returns will be much lower in comparison to what you will lose if the bet does not come in. Betting on larger odds has the potential for a larger return but of course there is less chance of the bet winning.
A single bet is often easy to work out in your head as you can immediately see the potential return in the odds. For example a £1 on 5/1 would win you £5 plus your £1 stake. However the odds aren’t always as straight forward and that is where the calculator comes in.