Single bet strategy – How it works and an example
The simplest bet you can make is the single bet. You simply pick a match you want to bet on, and then place a bet that seems interesting to you. For example, you bet that Man City will win against Arsenal. You decide the amount you bet on your bet.
If you place a single bet, you must take the following rules into account:
- You can only make one selection per bet;
- If you win your single bet, you get paid the amount corresponding to the odds at the time you placed your bet;
- If you lose your single bet, you lose your entire bet.
Why choose a single bet?
The odds of a single bet are easy to understand. Most odds are between 8/11 and 5/4. For this reason, a single bet is interesting for people who are rather risk-averse, or very confident.
Thanks to the transparent odds, it is also easy to keep an eye on your bankroll. In fact, you don’t have to do complex calculations to know what amount to bet and when you have reached your limit.
The fact that you only have to indicate a single selection when betting also makes this bet popular with people who don’t want to do much research beforehand and want to get started betting quickly.
Many experts are also fans of the single bet because the odds with this bet are so black and white. There are few factors to consider, if you want to combine bets.
The Single Bet strategy
Single bets are often used in matches with one clear favourite. Also, when people see a value odd, then the single bet is an excellent idea. A value odd means that the odds are actually better, than the odds the bookmakers display.
When you combine your value bet with other bets, the chances are that you will still lose your bet. This is why many people prefer the single bet strategy when they see a value bet.
A single bet is not a bet you can take lightly. After all, if you guessed wrong, you lose your entire bet. For this reason, the single bet is also often used as part of a broader betting strategy.
Example of a single bet
Suppose there is a league match in the Eredivisie between PSV and Feyenoord. The bookmaker’s odds are 3/10 if PSV wins and 11/10 if Feyenoord wins. For a draw, the bookmaker’s quote indicates 8/11.
You think the bookmaker is underestimating Feyenoord. After all, the team has no injuries, has won the last 2 matches and their striker is in top form. PSV’s defence, on the other hand, is not doing well and has conceded 7 goals in the last 3 games. You put £10 on the bet that Feyenoord wins. This is the only selection you choose when betting on this match. This one selection where you indicate Feyenoord is your single bet.
If PSV win this match, you lose your entire bet. If the two teams draw, you also lose your full bet. In the scenario that you bet correctly and Feyenoord win, then you get £21 (£10 bet times an odd of 2.10). This gives you an £11 profit on a £10 bet.