At Spreadex you can place traditional sports fixed odds bets as well as sports spread bets – all from the convenience of one account.
Learn precisely how fixed odds betting works by viewing our short video below. Alternatively, read on for a written excuse.
AN INTRODUCTION TO FIXED ODDS BETTING
Fixed odds betting is the traditional kind of gambling where a bookmaker will offer odds on a specific outcome in a game or event.
If that outcome occurs, i.e. a horse wins at odds of 10/1, then the bookmaker will pay winnings of 10 x the stake, plus the original stake.
In the above example, a 10 wager on a horse to succeed at 10/1 would lead to a triumph of 100, as well as the return of the #10 bet to the punter.
But if this outcome does not occur, then the bookmaker wins and also the punter would have lost the #10 stake.