Fixedodds

FixedOdds is a betting term describing a format in which the payout is fixed at the time a wager is placed. The bettor accepts a stated price, and if the specified event occurs, the return is the stake multiplied by the fixed odds. The fixed payout remains unchanged even if the event’s probability changes after the bet is placed. Fixed-odds betting is offered by many licensed bookmakers across sports, politics, and entertainment.

How it works: The bookmaker locks in the odds and stake when a bet is placed. If the event finishes as predicted, the bookmaker pays the fixed amount; if not, the stake is retained. Odds are shown in decimal, fractional, or American formats and reflect the bookmaker’s margin.

Comparison and notes: Fixed odds contrast with pool or pari-mutuel betting, where payouts depend on total stakes and final pool size. Some operators provide cash-out or in-play settlement features that can modify a fixed-odds bet before final resolution, creating a hybrid product. The term FixedOdds is also used as a brand name by some operators for their fixed-odds products.

Regulation and consumer protection: Fixed-odds markets are regulated in many jurisdictions. Licensed operators must meet advertising, responsible-gambling, and anti-money-laundering requirements. Bettors should verify licensing, read terms, and understand the odds and margins before placing wagers.