At Spreadex you can set traditional sports fixed odds bets in addition to sports spread bets – all from the convenience of one account.
Learn exactly how fixed odds gaming works by viewing our short video below. Alternately, keep reading for a written explanation.
AN INTRODUCTION TO FIXED ODDS BETTING
Fixed odds betting is the traditional form of gambling by which a bookmaker will offer chances on a specific result in a game or event.
If this outcome happens, i.e. a horse wins at odds of 10/1, then the bookmaker will pay winnings of 10 x the bet, in addition to the original bet.
In the above instance, a #10 wager on a horse to win at 10/1 would lead to a win of 100, in addition to the yield of the #10 bet to the punter.
But if this outcome does not occur, then the bookmaker wins and the punter could have lost the #10 stake.
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