Single Betting 2020: Strategy, Tips & Top Betting Sites
Out of all of the forms of sports betting that exist, single betting might be the most common one out there. That is because it is the most versatile form of wagering out there, with countless types of wagers stuffed into this umbrella. In this guide, bettors are free to learn all about the single bet and how to win these wagers using our free tips. One will be able to place such a wager today after gaining all of the single bet strategy and tips contained in this free guide.
- The most common form of sports betting
- One wager is placed and only one result is needed to cash the bet
- Countless types of single wagers and tips exist
- Payouts can vary greatly depending on what market is chosen
What is a single bet?
The single bet meaning is mostly easy to understand, as the only real requirement is for something to consist of only one bet. But in order to cash these wagers, there is so much more that bettors need to understand about them. Unlike most betting types, that go over a specific type of bet, the term is more of a catch-all term that covers a vast number of wagering disciplines.
There are a ton of different ways to cash single bet action, with single betting consisting of many of the popular forms of wagering that people know and love. As long as a bet isn’t a multibet or any variant of it, it qualifies as single betting. And for those who want to know how this wager works, the answer to that also depends on what kind is being done.
How does a single bet work?
This wager type is typically very simple in the way it works, even though each instance of this betting might work differently than others with different tips to succeed. At the end of the day, the goal of any wager is to win these wagers by making betting predictions on whichever sport and league and betting market the bet is being placed on. And the goal of any tips are to help bettors get there. But the specifics of this betting can depend on which sport and league is being bet on and what bet market is being wagered on as well.
To get the specifics on how this betting works for each market and how to win these wagers across each sport, bettors are free to look at the single bet rules for the bookmaker they are using. For example, betting in tennis has rules that betting in football does not. And betting on a moneyline often has different rules than over under betting. As long as you look for and understand the rules for each bet type, you shouldn’t have any difficulty as long as you abide by the tips recommended for this wager type.
How to place a single bet
Before a bettor can cash single bet wagers, they have to first place their bet. Placing a single bet is easy to do regardless of what genre of betting a player is going for. Instead of having to find multiple bet types within the same wager, players simply have to find the one bet they want to make and lock it in. To start the betting process, a bettor needs to be logged into their sportsbook account with sufficient funds in that account to make the bet that they want to.
Once logged in, a bettor can select the sport and competition they want to place a bet in. With betting being the most common form of wagering, these are usually the easiest types of wagers to find for anything from home and away teams to totals and markets that are independent of which teams are home and away. The most common betting markets that are available are moneyline bets, spread bets, and totals wagers. But we’ll get into the different types of betting that can be done later in this guide.
The next step to place a bet is to decide the stake amount wagered. Once you’ve done this, your betting payout will be shown to you before you place the bet. If you are able to cash the wager, that amount is what will be paid to you. And from there, you can sit back and let your wager play out. One of the best parts of the bet is that you don’t have to wait for multiple results to come in, and you can watch one sporting event to find out your result.
Advantages to a single bet
The bet has a large list of advantages for bettors to enjoy, mostly because this betting carries so many different options. But the most important advantage to this type of betting is the answer to the question “is single betting profitable?” The answer to that question is a resounding yes, with returns being potentially high depending on what market is chosen should it come home.
And with so many different types of betting to be had, bettors can find those profits just about anywhere. For those who want to place a bet as a match is going on, live betting is a possibility at virtually every sportsbook. And for those who want to get some tips about their betting ahead of time, single bet tips are common given how much demand there is for betting knowledge. With single betting, the mass appeal of the bet type is the biggest advantage, as betting and winning can be done anywhere.
Drawbacks of a single bet
Of course, this form of betting isn’t perfect. There are some drawbacks to placing a single bet. The biggest drawback to this betting is the fact that it requires bettors to take a big underdog at long odds to get a sizeable winning payout even if their bet comes home. Compare that to multi betting or other types of wagering with longer odds, and this betting can be difficult to score a big payout even when winning.
There is also the fact that winning this betting isn’t as easy as it looks. Just because it only requires one result to result in a victory, doesn’t mean that it can’t be complicated to get a bet to come home in the first place. Spread and other single match markets require plenty of work to get right, and bettors should be mindful of that as they place their bets.
Example of a single bet
With so many different types of wagers out there, it can be hard to come up with a betting example that covers them adequately. But for this example of a bet, we will go with one of the most common forms of betting: the Champions League football moneyline wager. In this example, let’s say that Team A is favored to beat Team B straight up in Champions League football, with Team A’s odds at –300 and Team B’s odds at +200. For this bet, we are going to say that Team A will win on the moneyline.
If Team A won our hypothetical Champions League football match, we would cash action on that match, with the return on investment depending on what we wagered on the match. With the betting odds being –300, we would have had to have risked $300 to have won $100 on the Champions League football wager. If we wagered more or less than that, our payout would increase or decrease if we were able to win action on that Champions League football match bet. With this kind of betting, calculating a payout is much easier than it is with other bet types, as you can see in this example.
Types of single bets
Now that it’s been established that this type of wager can mean any number of betting markets, it’s worth breaking down what those bets can entail. Below is a list of the different types of market possibilities that players can take advantage of. They are available in most sports, from single betting soccer action to a wager in obscure sports played internationally. Either way, these markets should be more than enough to keep bettors entertained with a one-leg wager without having to go into more complex multi bets.
There are surely other forms of this wagering out there, but these types are typically the most ubiquitous. For those looking to win this kind of action, sticking with action in the markets you understand is the best of any tips one can receive. Of course, there is nothing wrong with doing some wagering in other sports and markets, but that could have an impact on profits going forward.
Find the best sportsbook to place your single bets
Now that you understand what this wager is and how to place one, it is time to find a bookmaker where you can place your bets. And with our bookmaker comparison tool, you can figure out which sportsbook fits your criteria the best. Whether you are looking for the best bonus or have a list of criteria you want met outside of a bonus, our comparison tool can help you find the ideal sportsbook for your own needs. Don’t wait any longer, compare sportsbooks today and get your bonus as soon as possible.