This means that the potential winnings are known at the time of placing the bet, regardless of any changes in the odds leading up to the event.įixed-odds gambling involves placing bets on events with predetermined odds. If the bettor's prediction is correct, they receive a payout based on the fixed odds.
These odds reflect the likelihood of a particular outcome occurring. In fixed-odds betting, the odds are fixed and determined at the time of placing the bet. ( Learn how and when to remove this template message)įixed-odds betting is a form of gambling where individuals place bets on the outcome of an event, such as sports matches or horse races, at predetermined odds. JSTOR ( November 2007) ( Learn how and when to remove this template message).Unsourced material may be challenged and removed.įind sources: 'Fixed-odds betting' – news Please help improve this article by adding citations to reliable sources. This article needs additional citations for verification.
