Introduction to Fixed Odds Betting

fixed odds betting

Fixed odds betting is one of the most common types of betting, but the chances are you may have never heard it called that before. As the name implies, it means that when you place a bet the bookie will lock in the odds and they become fixed at the price when you placed the bet.

Are you curious about fixed odds betting and how it works? Well, you’ve come to the right place! In this article, we’ll give you a overview of what fixed odds betting is all about.

Fixed odds betting is a traditional form of gambling where a bookmaker offers odds on a specific outcome in a match or event. These odds are determined at the time the bet is made and do not change. Unlike other forms of betting, such as spread betting, fixed odds betting offers a clear win or lose scenario.

This means that when you place a bet, you know exactly how much you are risking and how much you stand to win if your bet is successful.

History and Evolution of Fixed Odds Betting

Fixed odds betting has a long history, with its roots dating back to the 1880s. Initially, it was primarily associated with horse racing, but over time, it expanded to include other sports and events. Introducing fixed odds betting on football matches in the early 20th century revolutionised the way people placed bets.

Today, fixed odds betting is widely popular and available in various forms, including online platforms and physical bookmakers. It continues to be a preferred choice for many gamblers because of its simplicity and transparency.

So, whether you’re new to gambling or looking for an alternative betting option, fixed odds betting offers a straightforward and exciting way to wager on your favourite sports or events.

How Fixed Odds Betting Works

With fixed odds betting, it’s important to understand how the odds work. The odds represent the probability of a specific outcome occurring in a sporting event or any other type of bet. They are usually displayed as fractions or decimals.

For example, if you see odds of 2/1, it means that for every £1 you bet, you might win £2 in profit. If the odds are displayed as 2.00, it means that for every £1 you bet, you would win £1 in profit.

Factors that Influence Fixed Odds

There are several factors that can influence the fixed odds in a betting market. These factors include the teams or individuals involved, their past performance, injuries, weather, and any other relevant information that could impact the outcome of the event.

Bookmakers analyse these factors and set the odds accordingly. They aim to balance their books and ensure that they make a profit regardless of the outcome. As a bettor, it’s important to consider these factors and do your own research before placing your bets.

Remember, fixed odds betting is based on predicting the outcome of an event. It’s important to approach it with a clear understanding of the odds and the factors that can influence them.

So, whether you’re a seasoned bettor or new to fixed odds betting, do your homework and consider all the relevant information before making your wagers. Good luck!

Types of Fixed Odds Bets

Single Bets

When it comes to fixed odds betting, single bets are the simplest and most common type. It’s as straightforward as placing a bet on a specific outcome in a match or event. You bet on the odds that are offered by the bookmaker, and if your prediction is correct, you win.

Multiple Bets (Accumulators, System Bets)

If you’re feeling a bit more adventurous, you can try your hand at multiple bets. Accumulators, also known as accas, are a series of linked win singles. In order to get a return, all of your selections need to win. This can lead to bigger payouts but also carries higher risk.

System bets are an upgrade on accumulators. They allow you to set one or more selections in an accumulator as your “bankers” (the ones that have to win), and then choose how many of the remaining selections you think will win. This gives you more flexibility and increases your chances of getting a return.

Each Way Bets

An each way bet is a combination of two separate bets: a win bet and a place bet. The win bet is on your selection to win the event, while the place bet is on them to be placed. This means that even if your selection doesn’t win, but finishes in one of the predetermined places (usually top 2 or 3), you can still get a return.

So whether you prefer single bets for simplicity or want to try your luck with accumulators or each way bets, fixed odds betting offers a variety of options to suit your preferences and betting style.

Advantages and Disadvantages of Fixed Odds Betting

With fixed odds betting, there are several advantages that make it a popular choice among bettors like yourself.

  1. Predictable Returns: One of the major benefits of fixed odds betting is that you can calculate your potential return before placing a bet. This allows you to make informed decisions and manage your risk effectively.
  2. Simplicity: Fixed odds betting keeps things straightforward. You know exactly how much you stand to win or lose, as the odds are fixed at the time of wagering. This makes it easier to plan your bets and set realistic expectations.
  3. Availability: Fixed odds betting is widely available in many countries, making it accessible to a large number of bettors. You can find a variety of sports and events to bet on, giving you plenty of options to choose from.

Cons of Fixed Odds Betting

While fixed odds betting has its advantages, there are also some drawbacks that you should be aware of.

  1. Lower Potential Rewards: Compared to other forms of betting, such as spread betting, the potential rewards in fixed odds betting may be lower. This is because the odds are fixed and do not change based on market fluctuations.
  2. Limited Flexibility: With fixed odds betting, you are locked into the odds that were set at the time of wagering. This means that if the odds change before the event starts, you cannot take advantage of any potential shifts in the market.
  3. No Control Over Odds: In fixed odds betting, you have no control over the odds themselves. They are determined by the bookmaker or betting operator. This lack of control can be a disadvantage if you have a different opinion on the likelihood of an outcome.

Overall, fixed odds betting offers predictability and simplicity, but it may come with lower potential rewards and limited flexibility. Consider these factors when deciding if fixed odds betting is the right choice for you.

Tips and Strategies for Fixed Odds Betting

With fixed odds betting, doing your research and analysing statistics is crucial for making informed decisions. Here are some tips to help you get started:

  1. Study Past Performance: Look at the historical data of teams or players involved in the match. Analyse their previous performances, head-to-head records, and any trends that may affect the outcome.
  2. Consider Key Factors: Consider key factors such as team form, injuries, suspensions, weather, and home advantage. These factors can affect the outcome of a match.
  3. Use Statistical Models: Utilise statistical models or rating systems to assess the probabilities of different outcomes. These models can provide valuable insights and help you make more accurate predictions.
  4. Compare Odds: Compare the odds offered by different bookmakers to find the best value for your bets. Look for discrepancies in odds that may show a potential opportunity.
  5. Manage Your Bankroll: Set a budget for your betting activities and stick to it. Avoid chasing losses or placing large bets without proper analysis. Practice responsible gambling and only bet what you can afford to lose.

Remember, fixed odds betting is not a guaranteed way to make money. It requires careful analysis, research, and a disciplined approach. By following these tips and strategies, you can increase your chances of making profitable bets in the long run.

Please note that gambling can be addictive and should be done responsibly. If you feel that you or someone you know is struggling with gambling addiction, seek help from professional organisations or helplines dedicated to gambling addiction support.

Popular Sports for Fixed Odds Betting

If you’re looking to get into fixed odds betting, there are several popular sports that you can bet on. Here are some of the top options:


Football, or soccer, is one of the most popular sports for fixed odds betting. With countless markets available, you can bet on everything from match outcomes to goal scorers and even specific events within a game. It’s a glorious sport to start with if you’re new to fixed odds betting.

You can see our list of recommended football betting sites if you want more information.

Horse Racing

Horse racing is another sport that attracts a lot of fixed odds betting. With fixed odds, you can place a wager on a horse at a set price, eliminating the worry of odds fluctuating. Just check if there are any deductions in case a horse doesn’t run in the race.


Tennis offers a wide range of betting markets for fixed odds betting. You can bet on match outcomes, total sets in a match, set winners, and more. The variety of options makes tennis an exciting sport to bet on.


Basketball is also a popular choice for fixed odds betting. With fast-paced games and frequent momentum shifts, it can be an exhilarating experience to bet on NBA games or other basketball leagues. Look for bookmakers that offer good odds insurance and cash out capabilities for accumulator bets.

These are just a few examples of popular sports for fixed odds betting. Remember to do your research, understand the odds, and bet responsibly. Good luck!

Online Fixed Odds Betting Platforms

If you’re looking to place sports bets against a bookmaker, there are several online platforms that offer fixed odds betting. Here are some of the top bookmakers you should consider:

  1. BetUK: This platform offers a dedicated offering centred around football, horse racing, and tennis. They are known for their competitive odds and user-friendly interface.
  2. Fitzdares: Styled as the world’s finest bookmakers, Fitzdares provides a range of boutique bookmaking services. They offer great customer service and personal traders for high stakes punters.
  3. bet365: With an impressive range of sporting events to bet on, bet365 is a popular choice among sports bettors. They also have an equally impressive looking platform that brings freshness to your daily betting experience.

Features and Benefits of Online Fixed Odds Betting

Online fixed odds betting platforms offer several features and benefits that make them a preferred choice for many bettors:

  1. Convenience: With online platforms, you can place your bets from the comfort of your own home or on the go using your mobile device.
  2. Competitive Odds: Online bookmakers often offer competitive odds to attract customers. This means you can find better value for your bets.
  3. Variety of Sports and Markets: Online platforms provide a wide range of sports and markets to choose from, giving you more options to find the bets that suit your preferences.
  4. User-Friendly Interface: Most online platforms are designed with user experience in mind, making it easy for even beginners to navigate and place bets.

So, if you’re looking to try your luck in fixed odds betting, consider these top online bookmakers and enjoy the convenience and excitement they offer!

Addressing Problem Gambling

Responsible gambling is crucial in fixed odds betting as it ensures a safe and enjoyable experience for all participants. By practicing responsible gambling, individuals can minimise the negative consequences associated with excessive gambling and protect their overall well-being.

To engage in safe betting practices, it is important to set limits on both the time and money spent on gambling activities. By establishing a budget and sticking to it, individuals can avoid financial strain and maintain control over their gambling activities.

Seeking support is another essential aspect of responsible gambling. If someone feels that their gambling habits are becoming problematic or addictive, it is vital to reach out for help. There are many resources and support services available to assist individuals in overcoming the challenges associated with problem gambling.

Awareness of the potentially addictive nature of gambling and promoting responsible behaviour.

It is crucial to raise awareness about the potential addictive nature of gambling. By informing individuals about the risks and consequences of excessive gambling, we can help foster responsible behaviour and ensure a healthier approach to fixed odds betting. Encouraging responsible behaviour among bettors promotes a balanced and sustainable gambling environment.

Helplines, counselling services, and support networks play a pivotal role in assisting individuals affected by problem gambling. These channels provide a confidential and supportive environment where individuals can seek guidance, receive advice, and find help in managing their addiction.

If you feel you need support for a gambling problem, you can visit the GamCare website, who are an industry leading support provider.


To recap, fixed odds betting is a form of sports betting where you place bets against a bookmaker based on a set of predetermined odds. It has seen significant innovations in recent years and can be used as an alternative prediction market mechanism.

Key points to remember about fixed odds betting include:

  1. Fixed odds betting terminals (FOBTs) are electronic machines found in betting shops that offer various casino games, including roulette.
  2. The maximum stake on FOBTs was reduced to £2 in April 2019 to protect individuals and communities from excessive gambling.
  3. Fixed odds betting allows you to place bets for amounts up to a pre-set maximum and pays out according to the fixed odds on the simulated outcomes of games.

Fixed odds betting provides an exciting and accessible way to engage with sports and other events. It offers the opportunity to test your predictions against the bookmaker’s odds and potentially win based on your knowledge and intuition.

However, it’s important to approach fixed odds betting responsibly and within your means. Set a budget for your bets, only gamble with money you can afford to lose, and remember that gambling should be seen as entertainment rather than a guaranteed way to make money.

By understanding the basics of fixed odds betting and practicing responsible gambling, you can enjoy the thrill of placing bets while minimising the risks associated with excessive gambling.

Remember, always bet responsibly and have fun!