Single Bet : Everything you need to know
The single bet is the most popular form of online sports betting, which is a rapidly growing market in South Africa. Today, online sports bets account for 45% of the South African gambling market, “a radically different picture from just 10 years ago, when casinos held 80% of the market share,” according to the National Gambling Board.
How to Place a Single Bet with a Bookmaker ?
Placing a single bet is very simple. Just follow these steps:
- Log in to your player account or sign up with a bookmaker if you haven’t already.
- Navigate to the sports betting section; bookmakers often also offer options for poker or horse racing.
- Choose the match on which you’ve decided to place a single bet. Be methodical and locate the match that interests you.
- Select the type of bet you want to place—specifically the single bet—and click on the odds that appeal to you.
- Enter your stake.
- Confirm your bet.
That’s it! It’s no more complicated than that. Now, all you need to do is wait for the results.
Definition and Practical Example
A single bet allows you to wager on the final outcome of a chosen event. You must make a prediction on the team or athlete you believe will win. In certain sports, such as soccer, you can even bet on a draw. Single bets also apply to individual sports like tennis or boxing, where you’re simply asked to select the winner.
To place a single bet, visit your bookmaker’s site, select the sport and match, and choose the team or player you want to bet on. The odds provided help you evaluate your potential profit.
To help you better understand what a single bet is, here are some specific examples.
Single Bet on a Soccer Match
The Skyblues of Manchester City are hosting Real Madrid in the Champions League final, and you decide to place a single bet. You can either bet on a Manchester City victory with estimated odds of 1.90 or on an away win for Real Madrid with odds of 2.65. After careful consideration, you choose the home team and place a 1,000 ZAR bet.
Scenario 1: Manchester City wins. You collect a payout of 1,900 ZAR (1,000 x 1.90 = 1,900).
Scenario 2: Manchester City loses or gets a draw. You lose your 1,000 ZAR bet.
When betting on soccer, you should also consider the possibility of a draw, which represents a significant percentage of potential match outcomes. This differs from other sports, such as rugby or basketball, where draws are rare.
Single Bet on a Boxing Match
Oleksandr Usyk and Tyson Fury are set to face off at the Kingdom Arena in Riyadh in a superfight, with all heavyweight belts on the line. The fight’s outcome will crown an undisputed heavyweight champion of the world. You decide to place a single bet of 1,000 ZAR on Tyson Fury to win, with odds of 2.00.
Scenario 1: Tyson Fury wins. You collect a payout of 2,000 ZAR (1,000 x 2.00 = 2,000).
Scenario 2: Oleksandr Usyk wins. You lose the 1,000 ZAR bet.
You can also bet on specific outcomes, like a win by KO.(lien hypertexte)
Conclusion and Tips from Our Experts of the FXI Team
If you’ve just created an account on a bookmaker’s website, it’s best to start with your preferred sport and a single bet. This type of wager lets you learn the basics and often offers interesting odds. It gives you the time to research the match you’re targeting without having to navigate more complex bets. This type of sports bet is recommended for beginners, who can also use the double chance option.
However, experienced bettors shouldn’t ignore single sports bets! Sometimes it’s wiser to opt for a safer, single bet rather than placing combination bets with higher odds but uncertain outcomes.
