Single Bets Explained

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

What is a Single Bet?

A straight bet on the outcome of an event 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 the customer. Bookmakers offer higher odds on selections they believe 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 that 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 to avoid human error.

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

Home Team Score Away 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: 9th September 2020

Bookmaker Codes and Joining Bonuses

Up to £100 in Bet Credits

Use Bet365 Sport bonus code SPRT365

  • Min Deposit: £5
  • Min Odds: 1/5
  • Expiry: 90 days

Up to £100 in Bet Credits for new customers at Bet365. Min deposit £5. Bet Credits 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.

Bet £10 Get 4x £10 Free Bets

Use William Hill Sport promo code N40

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

18+. Play Safe. When you sign-up via Mobile using promo code N40 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.

Bet £10 Get £40 in Free Bets

Use Betfred Sport promo code BETFRED40

  • Min Stake: £10
  • Max Bonus: £40
  • Free Bet Expiry: 7 days

New 18+ UK only. Bets placed and settled between 20/09/21 – 03/10/21. Promo code BETFRED40, deposit and place first bet of £10 on Sports (Evens+) in one bet transaction. £40 in Free Bets credited within 10 hours of settlement, 7-day expiry. E-Wallet & Prepaid Card restrictions apply. Full T&Cs Apply.

Bet £10 Get £30 In Free Bets

No Ladbrokes Sport promo code required, use the link.

  • Bonus Expiry: 7 days
  • Min Odds: 1/2
  • Min Spend: £10

18+. New UK + IRE customers. Min first bet £10. Must be placed within 14 days of account reg. £30 credited as 3 x £10 free bets. Not valid with CashOut. Free bet valid for 7 days.T&Cs Apply.

More Bonus Codes...

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 punter that find themselves with two peferred selections. Both choices must win to generate a return, but when they do the payout is 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.