At Spreadex you can place traditional sports fixed odds bets in addition to sports spread bets – everything from the convenience of a single account.
Learn precisely how fixed odds betting works by viewing our short video below. Alternatively, read on for a written explanation.
AN INTRODUCTION TO FIXED ODDS BETTING
Fixed odds betting is the traditional kind of gambling where a bookmaker will offer odds on a specific result in a match or event.
If that outcome occurs, 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.
So in the above example, a 10 bet 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 that outcome does not happen, then the bookmaker wins and also the punter would have lost the 10 bet.
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