Single Bet

Bookmaker Signup Promo Codes

Bet £10 & Get £30 in Free Bets for new customers
Use Bet365 promo code NEXT365 when joining bet365.com
Min deposit requirement. Free Bets are paid as Bet Credits and are available for use upon settlement of bets to value of qualifying deposit. Min odds, bet and payment method exclusions apply. Returns exclude Bet Credits stake. Time limits and T&Cs apply. The bonus code NEXT365 can be used during registration but does not change the offer amount in any way.

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Up to £40 Money Back as a bonus if your first sport bet loses, plus a £10 Casino Bonus
Use Unibet promo code when joining unibet.com
18+ begambleaware.org. New customers only. Min deposit £10. Money back as bonus if first sport bet loses. Wagering requirements: sportsbook 3x at min. odds of 1.40 (2/5), casino 50x. Unless forfeited the sportsbook bonus must be wagered before using the casino bonus. Bonus expires 7 days after opt-in. Full T&Cs apply.

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£20 Welcome Offer: Money Back as a Free Bet + 20 Free Spins on Casino
Use Matchbook promo code when joining matchbook.com
18+ begambleaware.org. Sign-up to Matchbook today with bonus code: MB20. Place your first bet at odds of 1.8 or more. If it loses, we will refund your stake as a single free bet up to £20. Free Bet Refunds and Free Spins will be applied within 72 hours of the qualifying bet being settled. Multiple bets (Double, Treble, Lucky 15 etc.) are excluded from this offer. Full T&Cs apply.

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What is a Single Bet?

A single bet, as the name suggests, is a wager placed on the outcome of a single event, match, or race. This bet type requires the bettor to predict one specific outcome, such as the winner of a football match or the first goalscorer in a game. If the prediction is correct, the bettor wins; if not, the bet is lost.

Single bet formation: 1 bet on 1 selection

How Single Bets Work

To understand how single bets work, it’s important to grasp two key concepts: odds and stake.

• Odds: The odds represent the probability of a particular outcome occurring. Bookmakers determine these odds based on their analysis and market conditions. They are usually presented in three formats: fractional (e.g., 5/1), decimal (e.g., 6.00), and American (e.g., +500).
• Stake: The stake is the amount of money a bettor is willing to risk on a single bet. It’s important to manage your bankroll wisely and only bet what you can afford to lose.

When placing a single bet, a bettor chooses the event, selects the desired outcome, and sets the stake. If the prediction is accurate, the bookmaker pays out the winnings, calculated by multiplying the odds by the stake. For example, a $10 bet on a team with 5/1 odds would yield a $50 profit plus the initial $10 stake, totaling a $60 payout.

Advantages of Single Bets

1. Simplicity: Single bets are easy to understand and place, making them ideal for beginners learning the ropes of sports betting.
2. Lower Risk: Compared to more complex bet types like accumulators, single bets involve less risk since bettors only need to predict one outcome correctly.
3. Better Bankroll Management: With single bets, bettors can distribute their bankroll across various events, spreading the risk and increasing the chances of overall success.

Tips for Placing Single Bets

1. Research: Make informed decisions by thoroughly researching the event, teams, players, and other relevant factors.
2. Compare Odds: Different bookmakers may offer varying odds on the same event. Comparing odds ensures you get the best value for your bets.
3. Manage Your Bankroll: Establish a budget and stick to it. Determine a maximum stake for each bet based on your bankroll to minimize potential losses.

Conclusion

Single bets offer both novices and veteran sports bettors a way to start betting responsibly on sports, while making the most out of their single bet experience. Their simplicity, lower risk and potential for effective bankroll management make single bets an appealing betting choice. By conducting thorough research and carefully managing your bankroll you can increase the likelihood of success and make the most out of single betting experiences.