A single bet is the simplest and most basic type of bet in Betwinner. This is the name of the situation when you bet on one outcome. It is independent, easy to understand and ideal for beginners who want to build their strategy for regular betting.
Let’s discuss what it is, and are single bets really much better than parlays?
How is the single bet calculated?
When you open a bookmaker line built for a particular event, you see a list of bets. Each of them has its own coefficient. The profit will depend on it and how much you bet.
Odds can be displayed in different formats. The most popular is European, it looks like a decimal fraction. For example, 1.6 is a European coefficient. If you bet $10 on an event with this chance, you will receive $16 in total. The net profit will be 6 dollars.
The coefficient is a display of the probability of an event. If it is high, then the risk to put on this outcome is high, since it is not probable. If the coefficient is low, then there are many chances for such an outcome, but there is no interest for bettors. After all, single bets with low odds do not bring big profits. In this case, they can be combined into express trains.
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What kinds exist?
Single bets are the base. There are many options for such betting. But they are all based on a few main ones. Their list:
- the main outcome – when you try to guess which team will win or whether there will be a draw based on the results of the entire match;
- double chance – when one bet implies two outcomes, for example, that there will be no draw, in this case, the profit will be both for the victory of the first team and for the victory of the second;
- half/match – when you guess who will win the first half and the match (outcomes are always paired);
- handicap – when the bookmaker puts in the bet the advantage and lag of one team over the other, this option is suitable when two teams are not equal in their skills;
- total – when you guess what score the time/round/match will end with; the total can be in the format over/under or even/odd.
Depending on the sports and the bookmaker itself, other types of bets may be offered. For example, in boxing, you may be asked to guess how the fight will end or whether there will be a knockout. And in tennis, you can predict whether there will be a tie-break or an injury to a player.
Advantages and disadvantages
Any type of bet, strategy and forecast can have both pluses and minuses. And singles are no exception. They have more advantages than disadvantages, especially if you are not looking for quick and big wins, but want to build a personal strategy. Let’s discuss them:
- Low risks, since the chances of two events are always 50/50. This betting format allows you to win much more often than express betting, for example.
- It is easy to analyze the probability of an event, and it does not take much time. Since you will need to consider only a few outcomes.
- It is easy to keep your own statistics and build a strategy for further planning of rates.
- You don’t have to pay much for the margin, it’s only done once, while in an accumulator it happens for every selection.
- There is less chance of losing your bankroll as this type of betting has low variance.
But don’t idealize single bets. Yes, they are safer and easier to understand, but there are some drawbacks here:
- Requires large investments if a person wants to earn decent amounts. You need to make a lot of bets daily, and people with a small bankroll will not be able to afford it.
- There is no way to earn big money quickly. In the case of single bets, this can only be done if you bet a large amount or choose high odds. And this, as you understand, is fraught with great risk.
Nevertheless, if you are a supporter of safe and calm betting, then ordinary betting is what you are looking for. They are also suitable for beginners, because they allow you to understand how bets work in a short time.
How to place a single bet?
You need to be a registered user in the bookmaker and select the event that interests you. Then choose a rate, click on it and pay. To do this, you must have replenished the account in your account.
What are the possible outcomes for single bets?
There are only three of them: your victory (you make a profit), your defeat (you lose all the money) and return (the bookmaker returns you the amount of the bet). A return often happens if you bet on an integer in a total or handicap.