The term “Single Bet” (also known as an “Ordinary Bet”) is the simplest type of wager in sports betting. It represents a bet placed on a single outcome of a sporting event. This type of wager can be used for all major sports. The potential payout for a single bet is calculated by multiplying the stake by the bookmaker’s odds.
Possible outcomes
When placing a “Single Bet,” there are three possible outcomes:
Win: the bettor’s prediction for the match outcome is correct.
Loss: the bettor’s prediction for the match outcome is incorrect.
Refund: A refund is possible in two situations. The first — if the sporting event is declared void.
Refund: The second — if the single bet is placed on a handicap market that allows for a refund under specific result conditions.
