Fixed Odds Betting Definition

Fixed odds betting is a process of placing bets on pre-determined odds, meaning that you know exactly how much you stand to earn at the time of placing a bet.

Regardless of how much the odds fluctuate after you have placed your bet, your potential returns will not change.

All you have to do is place a bet at the odds shown at any moment in time and as soon as the bookmaker accepts your bet, the odds can no longer be changed as far as your bet is concerned.

Example

A player bets £100 on a market at odds of 2.00 (1/1) and a bookmaker accepts his bet. Before the game starts, the odds on the same market drop to 1.70 (7/10), which shouldn’t worry the player as he still stands to receive £200 if his bet wins.

Fixed Odds Betting Pros and Cons
Pros
  • Potential returns are not influenced by odds fluctuation
  • You know exactly how much you stand to earn
  • Any odds shortening will not affect you
Cons
  • No higher returns if the price rises
  • Bookies always have the edge