Sorry, you must have JavaScript enabled to use Oddschecker Mobile

  • Fixed Odds
  • Fixed odds gambling is betting on an event when you decide to accept a price offered by the bookmaker at any given time. So, you have struck a deal at that price and at that time – no matter what then happens in the market as the price moves.

    This differs from betting where you may decide to take the starting price, known as the “SP”, or from Tote or Pool betting (where potential returns aren’t calculated until all bets are on and “pooled” and the event gets underway).

    “Fixed odds” betting is the most popular form of gambling in the UK. It is, in effect, a contract between the gambler and the bookmaker, a deal struck at a moment in time with a corresponding price.

    In the UK, fixed odds are most commonly expressed as fractions. So, if you think a horse has a one in five chance of winning a race and the odds are quoted by the bookmaker at, say, 9-1, it would be a logical choice for you to make a fixed odds bet and to agree the 9-1. This is because the bookie’s odds are implying that the horse has a one in ten chance of winning the race (literally nine chances against the single one of winning), whilst your own analysis tells you the odds “should” be 4-1. If your £1 gamble is successful in this case at the fixed odds quoted, you will walk away with £10; the £9 you won on the bet and your own £1 back.

    Sometimes fixed odds are expressed as decimal odds. Most online bookmakers offer the choice to view the fixed odds available as fractions (as per the example above) or as decimal odds (as are widely used in the rest of Europe outside the UK). These are sometimes known as “European Odds” and are also generally used in Canada and Australia.

    Some gamblers prefer decimal odds simply because the numbers quoted tell you what you’ll actually get back from the bookmaker in the event of a winning bet. So, a horse at 9-1 in our example above would simply be presented as 10, and you would get £10 for a £1 stake (i.e. your own original £1 stake is included in the decimalised version).

Sign up to Oddschecker today
Expert tips, all the best offers, and the best odds on every bet!
Join Now
    Free Bets
    Up to £200 Bonus

    Open a new account with bet365 and they'll give you a 100% deposit bonus of up to £200.
    T&Cs apply, see site for details.

    See bookie review >
    Bet £10 Get £30 free

    Open a Paddy Power account, place a £10 bet, and you will receive £30 in free bets.
    T&Cs apply, see site for details.

    See bookie review >
    Bet £10 Get £20 Free

    Open a new account with StanJames.com through Oddschecker, place your first bet of £10 and you will get a free £20 bet!
    T&Cs apply, see site for details.

    See bookie review >
    Bet £10 Get £60 Free

    New customer EXCLUSIVE. Place £10 bet or more at odds of evens or greater and Betfred will give you a £30 free bet and £30 in casino bonuses.
    T&Cs apply, see site for details.

    See bookie review >
    Bet £5 Get £10

    Sign up to Sunbets using promo code G10, bet £5 and receive a £10 free bet. A qualifying bet is a bet of £/€5 or more placed at minimum single odds of 1/2 (1.5) on any sports market. A maximum £/€ 10 Free Bet will be applied to your account within 48 hours of you placing your qualifying bet.
    T&Cs apply, see site for details.

    See bookie review >
Settings
  • {{ ::type }}
Bookie Status
By using our online products or closing this message you are agreeing to our Cookie Policy
OK