It is game season and you want to attempt to make some money off of your favorite team. You are confident they can win several games and you want to use the single bet strategy to make a profit. Online sports betting continues to grow as sports fans keep learning about how to make safe and smart bets for their favorite teams.
Single bet strategy is straightforward and rather simple. But how does a single bet work exactly?
In this guide, you will learn:
- About the single bet strategy
- When to use it
- How much to safely wager; and
- How you can win.
Table of Contents
- What Does “Singles” Mean In Betting?
- Single Bet vs. Multiple Bet
- How To Incorporate A “Single Bet” Strategy
- How Much Should You Bet?
- When To Use Single Bets
- Where To Find Single Bet Options
- Single Bet Strategy: Pros and Cons
- 3 Single Bet Strategy FAQs
- How Do Single Bets Work?
- Is Single Bet Profitable?
- Is an Each Way Bet a Single Bet?
- Making A Single Bet Strategy Work For You
- ZenSports and Your Single Bet Strategy
What Does “Singles” Mean In Betting?
You’re at the bar watching the big playoff football game with all of your buddies. You’re confident in your team winning the game and you think you should place a single bet using an online betting platform.
Of course you should. Your favorite team is playing, you’re confident in their abilities, and you want to make some money.
A single bet seems like the smart way to go.
But what exactly does that mean?
You can place a single bet, meaning you are betting on one single outcome of an event. For example, you can place a single bet on:
- A horse to win a race.
- A sports team to win a game.
- A boxer to win a fight.
In this case, you’re at the bar betting for your football team to win. If they do, you win back your stake and you receive a payout. There are no other pieces required for you to win.
It is simple and straightforward.
Single Bet vs. Multiple Bet
Your bar buddies are considering placing a multiple bet on the same game and now you’re curious if you should do that, too.
You’re confident in your team. They are your favorite, after all.
Now you begin to wonder:
Is it more worthwhile to place a single bet or a multiple bet? What is the difference between the two?
To win a single bet, you will choose one team to win. If that outcome is correct, you win a payout. If it is incorrect, you lose your bet and don’t win any money.
Your friends want higher stakes and are considering combining many different bets into one. This is known as a multiple bet.
How are single bets and multiple bets different from one another?
A single bet, often called a straight bet, is straightforward and simple.
You place one bet for one outcome:
- If you’re right, you win.
- If you’re wrong, you lose.
They are easily satisfying with a larger stake for one single outcome.
A multiple bet becomes more complicated as more selections are included in the bet.
Generally, multiple betting provides a better way of securing higher odds with a potential for a large payout. But the stakes are small.
How To Incorporate A “Single Bet” Strategy
Do you want to make money by watching your favorite teams play throughout a season?
You can, and it’s easy enough to do.
A single bet strategy is designed to be profitable over the long term. It is not designed to win a large amount of money from a high stake in one shot.
Some common questions around the single bet strategy include:
- How much money should you bet?
- When the right time to use a single bet is?
- What are your single bet options?
How Much Should You Bet?
How much you should bet depends on:
- The game you are playing or betting on.
- Your financial situation.
- How comfortable you are with your predictions.
It is commonly suggested to wager a very small percentage of the total amount you are willing to lose in one session.
So, the answer really falls on you.
Are you confident in your betting abilities?
What are you truly willing to lose?
It’s all fun and games until you go home without any money.
When To Use Single Bets
Even though single bets are common and easy to understand, you might decide not to use them when betting on certain events or games.
In football, single bet strategy might be considered safe because it is straightforward.
You could bet on one of the following:
- The outcome of the game
- Who scores the first touchdown
- Which team kicks the first field goal
- And more
However, in games like soccer, single bet strategy might be considered too safe and simple when there are multiple variables you can bet on for a higher payout.
Where To Find Single Bet Options
Most online sports betting providers offer the chance to use a single bet option in your online wagers.
ZenSports is an online betting market that puts you in control of your bets. You can wager how you want to and you don’t have to deal with any bookmakers in the process.
With ZenSports, you can create and accept single bets on any game or match.
Where To Find Single Bet Options
Most online sports betting providers offer the chance to use a single bet option in your online wagers.
ZenSports is an online betting market that puts you in control of your bets. You can wager how you want to and you don’t have to deal with any bookmakers in the process.
With ZenSports, you can create and accept single bets on any game or match.
Single Bet Strategy: Pros and Cons
The Super Bowl is approaching and you’ve done your research and have analyzed the two teams playing in the big game.
You’re feeling confident in your findings and want to try your chances at receiving a payout using the single bet strategy.
Before laying out any money, you weigh the pros and cons of single betting.
Single Bet Strategy is Simple
A large attraction to the single bet strategy is that it is a simple betting strategy that is easy to understand.
The way it works is straightforward. Even someone with zero experience can place a singles bet with minimal knowledge and skill and there is a 50% chance of winning or losing.
The Stakes Are Usually Low
Many sports betters, especially those new to the betting market, like using the single bet strategy because the stakes are often not as high as with a multiple bet.
In a single bet strategy, you bet on one single outcome, and you either simply win or lose.
With a multiple bet, you need all the pieces to align to win.
Multiple betting is more complicated and has higher stakes, but also typically a larger payout.
Single Bet Strategy Has Low Odds
Although the single bet strategy is simple and appealing to a wide range of better experiences, an obvious con is that the odds are low compared to other more complex bets that multiple betting provides.
3 Single Bet Strategy FAQs
Single bet strategy is fairly simple to understand and rather easy to use.
Even a beginner better can use the single bet strategy and still win a payout with minimal knowledge of the market and almost no betting skills.
But there are still questions commonly asked about the single bet strategy:
- How exactly does a single bet work?
- Is a single bet profitable?
- Is an each-way bet and a single bet the same thing?
How Do Single Bets Work?
A single bet is exactly what it sounds like — imagine that!
Here’s how it works:
You place a single bet on a single outcome of an event. If your bet is correct, you win. If your bet is incorrect, you lose.
It’s as simple as that.
For example:
Baseball Team A and Baseball Team B are playing three games. You bet $20 along with some friends that Baseball Team B will win two out of three of those games.
Baseball Team B loses the first game but wins games two and three, so you win the bet. You win your original stake, plus the winnings.
If Baseball Team B had lost two of those games, you would lose your $20 stake and win no money.
Is Single Bet Profitable?
With the simplicity of single betting, is there still a way to make a profit?
Yes.
With the single bet strategy, you have a 50% chance of winning each bet.
If you win, you earn your original stake plus the payout. If you’re consistent with your winnings, single bet strategy is a profitable long-term way of sports betting.
Is an Each Way Bet a Single Bet?
An each-way bet consists of two separate bets so it can be confusing when you hear it while discussing the single bet strategy.
So, is an each-way bet a single bet?
Yes, when all is said and done, an each-way bet is a single bet.
An each-way bet is technically two separate bets placed on one single event, typically consisting of a win and a place.
You can win or lose on each separate bet, but the payout for the win bet is typically larger while the payout for the place bet is often a fraction of the win.
Making A Single Bet Strategy Work For You
You now know the simplicity of a single bet strategy.
You understand that your chances of winning are fifty percent.
You know you don’t have to be a professional to wager a single bet on a sports game or event.
You know sports.
Let’s make the single bet strategy work for you.
Here’s how:
- Determine your bank and set a comfortable amount you are willing to wager and potentially lose while betting.
- Research and analyze team history to understand the odds and risks of your bets.
- Know when to stop.
- Use a trusted online peer to peer marketplace, like ZenSports.
ZenSports and Your Single Bet Strategy
Sports betting can be overwhelming to jump into if you’re new to the idea of wagering your hard-earned money on a sports event.
You might not understand how it works, the odds of winning, or how to wager an online sports bet.
ZenSports makes that all possible, and now that you’ve got the single bet strategy in your back pocket, you can use it to start winning some money.
ZenSports allows you to use a single bet strategy among your peers in one marketplace. The online platform eliminates the need for a central bookmaker, allowing ZenSports to charge 50-90% less than a traditional bookmaker.
The trustworthy and fun platform makes the betting experience enjoyable for you and your peers.
