fixed odds
Locked betting returns
Fixed odds describes a betting system where the payout is determined at the moment a wager is placed, regardless of how odds might shift before the event.
If you bet on a horse at 5-to-1, you receive that return even if the odds drop to 3-to-1 by post time: fixed odds betting, a fixed odds terminal.
Contrast with parimutuel betting, where payouts depend on the final pool.
- bettingStaking money on outcomes
- gamblingBetting on uncertain results
- betting slipReceipt for a wager
- wagerStake on uncertainty
- stakeSharpened post or share
bookmaker · payout · cash out · probability · sportsbook · punt · accumulator · returns · spread · casino · lottery · jackpot · ticket · slip · rigged · stacked deck · guaranteed · certain