Single Bets Explained

Use our Bet365 bonus code when signing up for a new account.


What is a Single Bet?

A straight bet on an event's outcome with returns determined based on the amount staked and the odds offered.

Betting Slip

A single bet wins or loses depending on the outcome of the backed event. The person placing the bet must decide the amount they wish to stake. The higher the stake, the higher the potential winnings. If the selection loses, the bookmaker keeps the stake and returns nothing to the punter. If the selection wins, the stake is multiplied by the odds (fractions) to determine the profit, and both profit and stake are returned to the customer. Bookmakers offer higher odds on selections they believe are less likely to win. The higher the odds offered, the greater the winnings when the selection does win. The basic strategy is to place bets on selections you think are more likely to happen than the odds suggest. These are often described as "Value" bets.

A single bet can be modified into an each-way bet, to mitigate some risk by generating a return if the selection only finishes in a placing position See here for a full explanation.

Accepted anywhere that takes bets. Across all sports and countries, this is the one bet you can always rely on being available.

Single Examples

These are straightforward to work out, but a single bet calculator may come in handy for speed and avoiding human error.

The football match result below is used in the winning and losing examples:

Home TeamScoreAway Team
Norwich3 - 1Sunderland

Winning

Assuming a unit stake of £2 on Norwich to win at odds 2/1 the winnings would break down as follows:

  • Returns = £2 * (2/1 + 1) = £6
  • Profit = Returns - Stake = £4

Losing

Assuming a unit stake of £5 on Sunderland to win, the returns would break down as follows:

  • The bet of Sunderland to win has lost, therefore this bet returns £0
  • Profit/Loss = Returns - Stake = -£5

Last Update: 22nd March 2022

Bookmaker Codes and Joining Bonuses

Bet £10 Get £30 in Free Bets

The Bet365 bonus code to get £30 in free bets is SPRT365

  • Min Deposit: £5
  • Expiry: 30 days
  • Min Odds: 1/5 (1.20)
  • Min Deposit: £5
  • Expiry: 30 days
  • Min Odds: 1/5 (1.20)

Min deposit requirement. Free Bets are paid as Bet Credits and are available for use upon settlement of bets to the value of the qualifying deposit. Min odds, bet and payment method exclusions apply. Returns exclude Bet Credits stake. Time limits and T&Cs apply. The bonus code can be used during registration but does not change the offer amount in any way.

Bet £10 Get 4x £10 Free Bets - Mobile Only

The William Hill Sport promo code to claim this offer is P40

  • Min Stake: £10
  • Bonus Expiry: 30 days
  • Min Odds: 1/2
  • Min Stake: £10
  • Bonus Expiry: 30 days
  • Min Odds: 1/2

18+. When you sign-up via Mobile using promo code P40 and place a bet of £10/€10 or more we will give you 4x £10/€10 free bets credited after settlement of first qualifying bet, free bets will expire 30 days after the qualifying bet is placed, payment method/player/country restrictions apply. Virtual markets excluded. #ad

Bet £10 Get £40 in Bonuses

The Betfred Sport promo code to claim this offer is WELCOME40

  • Min Odds: Evens
  • Bonus Expiry: 7 days
  • Min Spend: £10
  • Min Odds: Evens
  • Bonus Expiry: 7 days
  • Min Spend: £10

New UK 18+ only. Register with promo code WELCOME40, Bet £10+ on Sports in one transaction. Get £30 Free Bets & £10 free spins within 10hrs of bet settlement. Bonuses expire 7 days after issue. Min odds, eligibility & payment exclusions apply. Full T&Cs apply.

Bet £5 Get £20 In Free Bets

The Ladbrokes Sport bonus code to claim this offer is 20FREE

  • Bonus Expiry: 7 days
  • Min Odds: 1/2
  • Min Spend: £5
  • Bonus Expiry: 7 days
  • Min Odds: 1/2
  • Min Spend: £5

18+ New UK+IRE Customers only. Certain deposit methods & bet types excl. Min first £5 bet within 14 days of account reg at min odds 1/2 = 4x 5 free bets. Free bets valid for 7 days, stake not returned. No cashout, restrictions + T&Cs apply.

Also See

Single bet calculator - Use this betting tool to calculate your winnings for a single bet. Handles each way bets, non runners, dead heats and more. Enter the odds, and the summary updates automatically. Working out your winnings couldn't be easier.

What is a double bet? - A popular option for those punters that find themselves with two preferred selections. Both choices must win to generate a return, but when they do, the payout multiplies significantly.

What is a treble bet? - Works the same as a double bet but with 3 selections instead of 2. A riskier wager but with the potential for much higher winnings when it does come off. Visit the page for a football betting example demonstrating both winnings and losing scenarios.

About AceOdds

We've been calculating bets online since 2008 and know all types of betting inside-out. We also have in-depth knowledge of where to source the top bonus codes and joining offers to use when placing initial bets with a new bookmaker. Learn More.

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