If you are just starting out with online sports betting, understanding how accumulator or system betting works can be very intimidating. However, the single bet strategy is by far the easiest and fastest way that you can start betting right now, with little to no experience needed. Our easy guide to using the single betting option will show you how the single bet works and how you can implement right away.
Single betting is simple to understand and is the basis for many betting strategies. It is especially ideal for novices who do not yet have the experience to take on more complex, and therefore, more risky betting options. The single bet of the day is also great if you prefer low risk, casual sports betting or where you still need to build up a solid betting bankroll.
The single bet is very easy to place. All you need to do is visit your betting provider (once you’ve signed up with one), pick a sporting event, look for good value markets and place your single bet on an available event.
You will find single bets available on a wide range of markets and sporting types, with football (soccer) being one of the biggest and the most common. A single bet can thus be placed on a simple market such as the outcome or outright winner of a football match.
Single bets can come in a number of different options, making your single betting strategy interesting and diverse. Two of the most common single betting types are:
The only main difference in the above examples of single bets is in what you can bet on. With a 2 way single bet, you choose one of two options to win. With the 3 way single bet, you choose one of three options – home, draw or away to win. Another way to put that is, with a 2-way single bet you choose win or lose. With a 3-way single bet you choose win, draw or lose.
Working out your profits when using this simple betting type adds additional functionality to your single bet strategy. Your single bet calculator for betting profit off a single bet starts with how high the odds for that bet are. The higher the odds, the more profit you could potentially make.
Begin with a simple formula for working out profit on a single bet:
Your stake x Posted odds = Your potential win total
In other words:
So, as you can see from our quick example, if you win your single bet, you will have a total of €210 coming your way. To work out your net profit on that win, simply deduct your total win from your original stake amount. In this case that would work out to €110 net profit.
Keep in mind that you may have to also calculate for the interest that your bookmaker may add to your bet. This is also referred to as the vigorish and it is usually around 5%.
The most obvious single bet advantage is its incredibly attractive simplicity. Virtually anyone, regardless of sports betting experience, can take advantage of a single bet offered by a good online sports betting provider. This is one of the main reasons why you will see single betting options everywhere, and in a number of different formats.
Whether you prefer going with a simple two way bet or a slightly more flexible three way bet, single bets will give you plenty of action, with relatively good chance of making a profit. In fact, this is the other big advantage to single bets, you have a high chance of winning without too many conditions attached to the bet.
In other words, single betting types offer a low risk option which you can take advantage of even if you have no prior knowledge of the market. Perhaps the only real disadvantage of the single bet option is its comparatively low odds when compared to other, more complex bets such as system bets or accumulator bets.
So, to summarise the good points of single bets:
If you are new to the world of online sports betting and considering single bet vs accumulator, starting out with the single bet option is probably the best way to go. Single bets offer great variety and can be found in a wide range of sporting codes. Single bets are easy to place and require virtually no previous sports betting experience in order for you to see success with them.