Fixed odds betting is arguably the simplest form of betting available to you if you are looking to make a bet on an event. Bookmakers simply come up with a price for you to back, you pick the book with the most competitive price, bet however much you want at whatever price you picked, and sit back and wait for the result.
Fixed Odds the Biggest Betting Method
In fixed odds betting if you lose, you simply lose whatever you bet, but if you win, you get back your stake as well as whatever profit margin was dictated by the odds you picked. Let’s look at a simple example:
You decide to bet £10 on Manchester United to win a single football match against Chelsea. The best price you can find is 2 to 1, so you back them to win at that price.
In a 2 to 1 bet, you are winning £2 for every £1 you bet, so in this case your possible results would be:
Man Utd Win: You receive £30 (your £10 initial stake plus your £20 profit @ £2 for every £1 bet)
Chelsea Win: You lose £10 (your £10 stake)
Game is a Draw: You lose £10 (your £10 stake)