TOTAL BONUSES:

{{currentCountry.code}}

Change your location

{{ c.title }}

Fixed Odds Betting | Unlock the Power of Preset Odds

Fixed odds betting is the classic way of betting on predetermined odds. Once you place the bet, the odds available at that moment are locked. You know for sure how much money you will make if your prediction is correct. This betting guide explains the concept and highlights the advantages of football fixed odds compared to variable odds.

You will learn how to leverage the power of fixed odds when betting for fun or betting for profit. They are the gold standard for bookmakers, so this newfound knowledge will serve you well.

Summary of the article

Best online bookmakers available in 21 November 2024 for fixed odds betting

Rank
Bookmaker
Bonus
Safe & Trusted
Rating
Get Started
1

Stake Sports

Exclusive 10% Rakeback
Yes
Rating 9.99 out of 10
See moreGet bonus
2

Goldenbet Sports

100% up to 500 €/$/£
Yes
Rating 9.95 out of 10
See moreGet bonus
3

Megapari

Welcome bonus on your 1st deposit up to 100 EUR
Yes
Rating 9.93 out of 10
See moreGet bonus
4

Betandyou

Exclusive: 130% up to €143
Use Promocode: GAMBLINGJUDGE
Yes
Rating 9.90 out of 10
See moreGet bonus
5

22Bet Sports

100% bonus up to €122
Yes
Rating 9.80 out of 10
See moreGet bonus
6

1XBet

100% up to €100
Yes
Rating 9.65 out of 10
See moreGet bonus
7

SpinBetter

Exclusive: 100% up to €130
Use Promocode: JUDGE
Yes
Rating 9.52 out of 10
See moreGet bonus
8

Betwinner

Exclusive: 100% up to €130 Use Promocode: GJBET
Yes
Rating 9.26 out of 10
See moreGet bonus
9

Vave

100% up to 500 USDT
Yes
Rating 9.18 out of 10
See moreGet bonus
10

Bzeebet

Welcome Package 100% Up to 100EUR
Yes
Rating 9.12 out of 10
See moreGet bonus

How does fixed odds betting work?

Understanding the inner workings of fixed odds betting is a quick and straightforward process. No matter the sports you want to bet on, the bookmakers will publish the odds for the match, including mainstream and niche markets. When you bet on that event you will be paid an amount equal to the stakes multiplied by the final odds. It makes no difference if you choose to bet at bookmakers offering fractional odds or decimal odds. The values are displayed differently, but the profit is the same, as it represents the payouts minus the amount wagered.

To put things into perspective and learn how to bet on football it is better to give an example. Assuming you bet on the London Derby between Chelsea and Arsenal with the hosts priced at 2.00 and the Gunners at 3.00. If you bet $100 on Chelsea and they win, you will win $200, with the profits being $200-$100 equal $100. Conversely, if you choose to bet on the visitors and Arsenal win at odds of 3.00, your payouts will be $300 and the net profits $200.

Why is fixed odds betting so popular?

  • Simplicity – easy to understand and commonly used by beginners to win at sports betting.
  • Versatility in betting options – you can bet on various outcomes, like the result of the match, goals over/under, and even special markets.
  • Beginner-friendly sports – many fixed-odds betting opportunities are provided by sports like football, which is one of the easiest sports to bet on.
  • Accessibility – fixed-odds betting is available for both high-profile matches and low-profile events.
  • European (Decimal) odds – these are the most common odds used by bookmakers, especially by those that offer in-play betting, because they are simpler to understand by bettors.
  • Ease of calculation – payouts and potential profits are clearly highlighted in these types of bets, making things easier for punters.
  • Potential for doubling the winnings – presents an opportunity to double your win in specific situations, like even money odds or when supporting a favorite.
  • Wide Availability – fixed odds betting is one of the most common forms of wagering and it is available at numerous bookmakers.

Moneyline odds and fractional odds

Fixed odds offered for football betting can be found at most bookmakers and they prefer the decimal format. They are the most common because they are used in Europe as well as in many other countries from all over the world. It is easy to calculate the payout, as you simply multiply the stakes with the odds to get the total payment.

  • Fractional odds are usually available at sportsbooks catering to American and UK players. The best part is you can always switch from one format to the other, as most bookmakers have this functionality.
  • Moneyline odds are the most popular market among punters. That’s because the vast majority of punters prefer to wager on the outright winner instead of special markets. This approach works well with low odds betting strategy and is suited for all types of punters.

You can place a fixed odds bet on games with three possible outcomes of moneyline markets. Check out this example of the World Cup Final between France and Argentina to understand the concept.

The regulation time markets had three possible outcomes, as follows:

  • France to win in regulation time was priced at 2.70; a $100 bet would bring profits of $70
  • Argentina to win in regulation time was priced at 2.60; a $100 bet would bring profits of $60
  • The draw after 90 minutes was priced at 3.00; a $100 bet would bring profits of $100

The moneyline betting option reduces the number of markets to two:

  • France to lift the trophy got odds of 1.95; a $100 bet would bring profits of $95
  • Argentina to lift the trophy got odds of 1.90; a $100 bet would bring profits of $90

In these examples, the fixed odds are locked once you place the bet. Even if a team got a player eliminated and bookies would give low odds to their opponents, your bet will not be affected.

Other articles you might want to read:

Parlay Calculator – Simplifying Sports Betting Odds

Parlay calculator

Negative Odds Meaning - What They Are and How They Work

Negative odds

Low Odds | Make the Most of Small Opportunities

Low odds

What Does Bar Mean in Betting? | Make Underdogs Pay

Bar meaning in betting

Horse racing fixed odds

The importance of fixed betting odds was first highlighted by horse races. These are the sporting events where online betting sites change the odds the most, in terms of frequency and values. There is a greater level of uncertainty surrounding horses and jockeys, so variance is a big concern.

This makes it the hardest sport to bet on and fixed odds horse racing helps maximize winnings. The goal is to lock in on top value and this is where a horse racing calculator comes in handy. They are published days or even weeks in advance but can move widely in both directions.

Let’s consider this example to better understand how do odds work on horse races:

Our horse Lucky 7 is a favorite ahead of the Ascot race with offs of 9.00, one week ahead of the race. Before the day of the race, the jockey gets ill and the odds surge to 20.00. Luckily for him, he feels better and on the day of the main event, live bookmakers offer odds of 8.00.

These were all fixed odds, so a $100 would produce winnings of $900 if you placed the bet when the odds were published. At their high, the odds would deliver a $2000 win, and at their low, just $800. Savvy punters who have the time to monitor the news and can take advantage of fleeting opportunities can hunt for value. For casual bettors, fixed betting odds give the peace of mind of predictable profits.

How are fixed odds calculated?

Fixed odds are determined using the probability of the event occurring. If the probability of a particular event occurring is 50%, the odds would probably be 2.00 (even odds) in decimal odds format. Bookmakers also add up the margin so that they can remain in profit after a while, while other betting companies do the same.

Therefore, if an event has a true probability of 50%, then the odds offered even more favourable to the bookmaker may be slightly lower than other odds given toward such outcomes.

Effective strategies for fixed odds betting

Fixed betting odds give you a clear indicator of the risks and potential payouts. Knowing how to read the betting odds is the first and most important step towards potential winnings. To maximize your returns, you should consider these basic but effective strategies.

Tip

  • Bankroll management – is essential for profitable football betting, regardless of knowledge and expertise. Better percentage of your gambling budget and adjust the stakes within these limits based on the fixed odds.
  • Value football betting – is the only way to beat the house edge. Learn how bookies set odds and only bet on those games where the rewards exceed the risks.
  • Research and analyze the markets –  don’t be afraid of underdog betting. If a team or athlete is underestimated, this can provide the ideal opportunity to cash in on higher odds.
  • Specialize in one sport – if handicap betting is your specialty, don’t venture into uncharted territory with exotic markets, such as betting on penalties.
  • Track your results – keep a good record of your wagers and do not let them affect your bankroll. Try to find and fix the errors before they can cause significant losses.
  • Shop around for the best value – open accounts at several bookmakers and extract the maximum value from every bet you place.

Pros and cons about fixed odds football betting

PROS

  • Easiest way to bet on sports for beginners
  • Competitive odds regardless of sports and markets
  • All popular and niche sports are covered
  • Available at all online and land-based bookmakers

CONS

  • The odds are lower and the house edge higher than at betting exchanges

Take fixed odds football betting to the next level

Fixed odds are the cornerstone of any sports betting strategy. They give you a glimpse into any game and highlight the favorites and underdogs. Calculate the implied probability to find the games worth betting on and play within your bankroll. Seek value in every bet you place and be flexible in your decisions. Use cash-out features when available to lock in profits or minimize losses.

Keep in mind that odds are only an indicator of who the bookmaker and the general public credit with the first chance. Spend time and energy researching any game before using sports betting systems or resorting to straight betting. Play the long game, and remember that the outright betting goal is to make a profit while having a good time.

Frequently asked questions about fixed odds

Fixed odds betting is a form of wagering where the odds are set at the time you place your bet. The potential payout is known in advance, based on the odds and your stake.

In fixed odds betting once you place your bet the odds are locked in. Even if the odds change later, your bet is settled at the odds that were available at the time of placing the wager.

The legality of fixed odds betting varies by country and region. Always ensure you are betting with licensed and regulated bookmakers to comply with local laws.

Fixed odds betting means that you risk a set amount for a predetermined payout based on the odds. In spread betting your potential profit or loss is not fixed and depends on the accuracy of your prediction. The closer your prediction is to the actual outcome, the higher your profit or loss is.

There is no one-size-fits-all strategy, but some of the most successful approaches include value betting, specializing in niche markets, using betting exchanges, and focusing on in-depth research. Also, bankroll management is crucial to minimize losses and sustain long-term betting.

More topics you can read about: