At Spreadex you can set traditional sports fixed odds bets in addition to sports spread bets – everything from the convenience of a single account.
Learn precisely how fixed odds gaming works by viewing our short video below. Alternatively, read on to get a written excuse.
AN INTRODUCTION TO FIXED ODDS BETTING
Fixed odds betting is the traditional form of betting by which a bookmaker will offer chances on a specific result in a match 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 stake.
So in the above example, a #10 bet on a horse to win at 10/1 would lead to a triumph of 100, in addition to the yield of the #10 stake to the punter.
However, if this outcome doesn’t occur, then the bookmaker wins and also the punter would have lost the #10 stake.
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