A straight bet, more commonly known as a single, or a single bet is an individual wager placed on a single selection, and as such is the most widespread form of sports gambling.
Winnings
While most online bookies feature bet slips that instantly display estimated earnings for individual bets, we believe most players will welcome an opportunity to accurately calculate not just the potential profits but also the implied winning probability of their wagers.
Our straight bet or single bet calculator as it is more commonly known, is a simple beginner-friendly tool meant to help players determine returns on wagers placed in any odds format. After you input the odds as your preferred bookie displays them, the calculator will instantly show you their equivalents in fractional, decimal, and American odds.
Simply type the chosen bet amount and the odds of sports games you wish to bet on, and the single bet calculator will automatically update the remaining fields.
Using Our Single Bet Calculator
To start using this free calculator tool, you will need to select your bet first. Simply tap the “Bet Amount” field and input your desired stake.
Next, you can toggle between fractional odds (the customary format used at UK bookies), or to decimal odds format. There are a number of conditions that you can add to your bet, the Each Way, Dead Heat and Rule4, which we will explain in a bit. Underneath this, you can enter your bets, and combine as many selections as you have on your real acca.
For each wager you add to the mix, you enter the odds, and then can pick the outcome of the bet. Without ticking the additional conditions, you can pick between Win, Loss and Void/Non Runner. The potential returns, and profit margin are automatically calculated below, so you know exactly how much your bet stands to win. You can add as many rows of bets as you like, and if you remove any bets from your actual slip, then click the big green X to remove that selection.
Each Way Bets
In horse racing, each way bets are wagers in which you are essentially backing your horse to win and it to place. You place a stake, and this is divided equally across a race winner and a place bet. If your horse wins, both parts of the E/W bet pay out. But if your horse only finishes in the place and doesn’t win the race, half of your bet will pay out. This is giving you better coverage. at the expense of cutting down the full returns you would get if you just placed a race winner bet.
When using our calculator, you can click the Each Way function to change your bets to Each Way. The fraction under the Each Way bet should be set to the number of places the Place bet has, and this influences your potential returns. You can then mark each of these bets as having won outright, won by making the place, or lost.
Rule4
Rule4 relates to horse racing betting, where horses being withdrawn from the race. If a contestant is withdrawn, then the odds on the remaining horses are adjusted to cover the space left by the non runner. With fewer runners, the odds on all the remaining horses decrease slightly, to represent that the competition is slightly narrower and the probability of each horse to win gets slightly better.
Enter the number of non runners in the betting calculator, and you will get the newly calculated potential returns. This helps you quickly adjust your calculations if there are non runners, and the bookie you are using implements Rule4.
Dead Heat
These rules relate to what happens if there is a tie between one or more horses in a race. It usually goes down to a photo finish, but if the winner cannot be called, then in Dead Heat cases, you should get a partial return. The top UK bookies use similar dead heat rules, which are influenced by the odds on each wager, with multiple scenarios for more than 2 horses tying a race. With our betting calculator, you can set a Dead Heat scenario with up to 4 horses, and this adjusts the calculated returns to show you how much you stand to win in the scenario where 2, 3 or 4 horses all tie a race.
How Our Single Bet Calculator Can Help You
Many players tend to place multiple bets on the same slip, many of which can be different types of wagers such as accumulators or teasers. On sites of most online bookies, the slip will only display how much you’ll earn in total.
Our tool helps you determine payouts for individual wagers so that users can accurately keep track of their estimated profits as new single bets are added to the slip.
To gain a better idea of the risks and probabilities of your bets, it is worth checking out our Odds Calculator, where you can gauge the implied probability, decimals, fractions, and American odds. We often use the two concurrently, so you can quickly check your returns and assess the risks separately.
Single Bet Calculator Formula
The math behind our free calculator is straightforward. The tool multiplies your stake with the odds you copied from your chosen bookie to estimate a profit; the total payout is calculated as a sum of the bet and profit.
We would like to illustrate this formula with several different examples:
- A bet of £5 on a game with odds of 3.5 yields profits of £5 x 3.5 = £17.50 with a 28.57% chance to win. Take away the wager, and you’ll earn £17.50 – £5 = £12.50.
- A bet of £80 on a game with odds of 6.9 yields profits of £80 x 6.9 = £552 with a 14.49% chance to win. Minus the wager, you would earn £552 – £80 = £472.
- A bet of £20 on a game with odds of 1.52 yields profits of £20 x 1.52 = £30.30 with a 66% chance to win. Minus the wager, you would earn £30.30 – £20 = £10.30.
Types of Single Bets
A variety of unique single bet categories exist across different sports betting categories. These include moneyline, spreads, totals, props, and more.
Some of these types, such as moneyline and totals, are beginner-friendly and easy to combine into multi-bets like accumulators. Spread-based single bets may give you increased chances of winning since you can bet not only on the winning/losing side but also on the point difference, or the basis of betting spreads.
Proposition bets or props are unique single bets with very specific conditions. A good example of a prop bet is “Race to X points”, where you would be betting on the team to first reach the designated score.
FAQs
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Which sports categories support straight bets?Virtually all sports betting markets allow straight bets in various formats, with the most popular being moneyline, spread, and total.
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How do I bet a straight win?Straight moneyline bets only require the chosen selection to win. Straight spreads require teams to win by a certain amount of points while straight totals require selections to reach a total score over or under the designated amount.
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How to use the straight bet calculator?
Input the desired wager and odds from your chosen bookmaker, and our free tool will automatically calculate the implied win probability, estimated winnings, and total payout.
