Single Bet Calculator 2023 – See Profit & Returns on Win Singles

Jamie Clark

Equine expert

Fact Checked by

Lee Astley

Updated: 21 August 2023

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This is the single bet calculator that shows you how much your next wager will win if successful. A quick and easy tool that’s really user friendly, it makes profit and total returns clearly visible. Read on below to discover just how it all works.

What is a Single Bet Calculator?

As the simplest wager you can place, win singles are naturally a pretty popular option on the best betting sites and online bookmakers. New and inexperienced punters that may not understand the odds behind their wagers can find it difficult getting their head around payouts. That’s where our free to use calculation tool comes in handy.

Some single bets are easier than others to figure out through mental arithmetic. If you’ve no head for figures, or want a simpler way to get to the answer, our single sports bet calculator has you covered. Whether you prefer fractional odds, decimal prices or the American format, you can choose between those here.

There are even occasions where popular gambling sports like horse racing betting come with special rules and regulations that impact the bet you struck with the bookies. Getting your head around the details of a Rule 4 deduction can be difficult, but such information can go into our single bet calculator and show you what the revised winnings and returns should be.

Whether maths just isn’t your strong suit or you’ve embraced the fact that tools like our are so convenient, you can’t go wrong with something that does all the legwork for you. We’re proud to offer this service to you completely free of charge.

Using Our Single Sports Bet Calculator

This is how to use our calculation tool on a win single. It’s just a matter of filling out information really but, for all betting novices and newcomers out there, we’ve got a step by step guide below that you can follow along:

1. We’ve set the free bet calculator to its default position of Single & Each Way automatically. If this doesn’t show for you, then select that option from across the top.
2. Choose the odds format that you want for the wager. Your options are fractional odds, decimal odds and American odds.
3. Next, you need to enter the stake in the top left box on the calculation tool. This is the amount of money you placed, or at least are thinking placing, on the win single bet.
4. There’s also an each way box with a Yes / No option. For this particular wager, you want to keep the pre-selected choice of No.
5. Now it’s time to input the odds from your bet. These need to match the format you selected earlier. With fractions, there are two boxes to fill in for the numerator and denominator respectively.
6. Select the appropriate option from the Results box. Your choices here are: Won, Placed, Dead Heat, Lost and Void.
7. You’re all set to hit that Calculate button and the tool automatically works out what the total returns and profits are from the stake you entered. You can view this information in the bottom boxes.

How to Use an Each Way Single Bet Calculator

You can turn a win single into an each way bet very easily through our highly customisable piece of kit on this very page. These wagers are two for the price of one. The first part concerns an outright win, just like a straight bet. And the second part if for a place, which the bookies payout as a fraction of the price. Your unit stake doubles to cover both portions of the wager.

As this is more complex, using an each way single bet calculator comes recommended. Figuring out fractions of outright odds off the top of your head can be challenging even for seasoned punters. With each way bet, the amount of profit and returns depends on the outcome of the wager. You can still win money without the selection outright winning.

This adds a whole new dimension to gambling for some punters. It’s easy to see why each way bets are so popular and that’s why they’re an available function in our single sports bet calculator here. We just had to make it part of our tool. Make sure the Yes part where it asks you if an each way bet is what you want to calculate is clicked.

Doing this makes a menu appear on the right, where you add the place terms of the wager. All that remains now is to include the odds format, price took and stake bet. You can toggle the Results box between Placed and Won to see the two different scenarios where you get a return from each way wagers.

Other Wagers You Can Calculate Besides Win Singles

The single bet calculator is just one function that this tool is capable of. We’ve just noted how an each way wager works, but there’s plenty more besides for you too. If you want to calculate the following bet types, then it’s all doable right here:

FAQs

Jamie Clark

Equine expert

Horse racing expert Jamie Clark joined the SafeBettingSites team in 2021 after a decade working in related industries. Hailing from a strong gambling background, he is now the master behind our Academy, breaking down and explaining betting jargon and key terms. Jamie can aid you in better understanding what they all mean. He uses his vast knowledge of horse racing and other popular betting sports to pull the curtain back on popular wagers by providing advice and strategy on how to make these work best for punters. After honing his skills as the sports editor of major betting brand Coral, Jamie forged a successful freelance career working with bookmakers to provide informative content just like that in the Betting Academy.

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