Can’t decide on a bet? Unsure whether the payout from a single bet will be worth your money? Maybe you’re trying to figure out which sportsbook to bet at for a particular match and need a tool to quickly calculate your profits. Try our single bet calculator and start betting like a professional!
What is a Single Bet
A Single Bet is exactly what it sounds like - a bet made on a single selection, whether it be a winner of a match, an outright winner of a tournament, or an outcome of a specific event during a match, like whether a player will score a goal or whether the team will surpass a certain score. You’ll oftentimes see it abbreviated as “singles.”
Single bets are the bread and butter of sports betting, the most basic of bets and, also, the most common bets you’ll make at online sportsbooks. They also act as the building blocks of an accumulator, as you can combine multiple singles to form an accumulator for a potentially huge cashout.
How Does a Single Bet Calculator Work
We created this free single bet calculator to provide a fast and easy way to calculate your potential winnings from online sportsbooks. You’ll get information on both your total payout and the profit you’d earn if a bet you’re eyeing wins.
To use the single bet calculator, first decide on a bet for which you wish to estimate your winnings. Enter the odds for that selection you see on the betting site - they’re usually displayed in decimal format unless you’re betting on a horse race where you’ll see fractional odds.
Then, enter the amount you’re planning to stake on that bet. Click on the calculate button and our single sports bet calculator will display the return and the profit you’d get from that single bet.
Example of a Winning Bet
Let’s say you’re planning to bet on your favourite football team. The bookie gave them odds of 1.55 of winning and you’ve decided to put down €10 on their win.
What you’d enter into the calculator is that €10 wager and 1.55 odds. Hitting the button, the calculator would show a total of €15.5 winnings, meaning you’d earn a nifty profit of €5.5 with that single bet.
Benefits of Using a Single Bet Calculator
At this point, you might be wondering why you’d need a single bet return calculator. There are a few key reasons for bookmarking this page if you wish to become a serious punter.
Efficiency and Accuracy
By using this bet calculator on single bets, you can immediately check whether it’s worth making that bet at all. The data you’ll get is clear and concise, telling you exactly how much you’d profit from that particular wager. That way, you can test out the outcomes of various bets and odds before finally settling on one. No more guesswork!
Ease of Access
Our single bet calculator is free and requires no downloads or special software to run. If you’re seeing this page in your browser, then you’re all set to use the calculator. By making it easy to access, we ensured all punters looking to quickly estimate their single bet winnings can do so just by visiting this page.
Risk Management
Knowing whether to place a bet or not based on how much you can win is another crucial reason for using this tool. By entering your wagers, you can quickly assess whether the bets are too risky, helping you make informed decisions in the process.
Who Can Use a Single Bet Calculator?
Another benefit of this tool is that it’s useful for every type of sports bettor.
For novices, tools like single bet calculator and a double bet calculator are a great way to understand the betting structure and how bookies calculate odds and payouts. Since this works as an each-way calculator, too, it’s a great stepping stone from the most basic bets towards complex, advanced betting.
On the other hand, veteran sports bettors may employ this tool in conjunction with other calculators when playing systems or making multiple bets at once. These players need reliable, quick ways to assess their risk when betting online or compare the odds and winnings from multiple sportsbooks at the same time.
So, there’s no reason not to use a single bet calculator no matter your betting experience. It’s always handy to have such a tool readily available and for free, just by visiting this page.
Which Sports Can I Use the Single Bet Calculator for?
Just like the single bet themselves, our single bet calculator is versatile and can be used for bets on any sport. Since you’re betting on a single event, from a match winner to specific minute-to-minute events, there are no limits to what you can make a single bet on and, thus, calculate using our tool.
Why Should I Place a Single Bet?
Single bets, as we’ve mentioned above, are the most basic and most common bets. Since they’re so straightforward, they’re a great choice for bettors who just want to make a simple bet on a specific outcome, watch the game, and (hopefully) rake in their winnings.
They’re versatile, too. You can place single bets on absolutely any competition, sport, and event. Furthermore, combining multiple single bets leads you into the exciting territory of accumulators, double, treble, and other more complex bets that boost your profits.
See Also
- Double bet calculator: Take the next step and combine two single bets for a bigger payout.
- Treble bet calculator: Find out how much you’ll win from these advanced bets.
- Each-way bet calculator: If you’re betting on a horse race, calculate how lucrative your combined bet will be.
FAQ
How is a single bet calculated?
A single bet is calculated by multiplying the stake with the odds.
Is it better to do single bets or parlays?
This depends on your preferences and how comfortable you are with taking risks. Single bets are simpler and of lower risk level, while parlays do lead to higher payouts, but they’re much riskier bets to make.
What is an example of a single bet?
A single bet would be betting on a team to win a match. It’s the most common way people bet on sports, especially since they can combine multiple of these bets into an accumulator.
Who can use a single bet odds calculator?
Any sports bettor who wants to learn the possible payouts from a single betting event can use the single bet odds calculator.
