What is a single bet?
A single bet is by far the easiest way of making a bet. When placing a single bet, you are betting on 1 outcome in 1 event. If your outcome proves to be correct, then you win the bet. Your potential return is dependent upon the odds and the stake.
The number of possible outcomes in a single bet depends on both the sport and the market you are betting on. Betting on football for example, there are 3 possible outcomes in Full Time (home win, draw or away win) while there are only 2 possible outcomes in Both Teams To Score (yes or no).
Example of a single bet
For example, if you place a single bet on Arsenal to beat Tottenham at odds 6/4 with a stake of £10 your return will be £25 (6/4*£10=£25) if the Gunners end up winning their match against Spurs and your profit will be £15 (£25-£10=£15). If Arsenal does not beat Tottenham, your stake is lost.
It is also possible to place an outright single bet. That means you bet on the winner of a specific event or tournament. For example, if you place a bet on Manchester City to win the Champions League at odds 9/2 with a stake of £10 your return will be £55 (9/2*£10=55) and your profit will be £45 (£55-£10=£45) if the Citizens end up lifting the CL trophy.
Pros and cons of a single bet
The pro of a single bet is that you only need to predict one outcome to win. The con of a single bet is that you need to place a big stake in order to get a solid return – especially if the odds on the outcome are low.