Are you wondering what is Fixed Odd Football Betting is? Sounds complicated? Well, really it’s not……..we explain exactly what it is.
Fixed-odds betting is the traditional form of betting you are used to, where a bookmaker will offer odds on an outcome in a match or event.
If that outcome happens, i.e., Liverpool beat Chelsea at odds of 2/1, the bookmaker will pay winnings of 2x the stake, in addition to the original stake.
So using the above example, a £20 bet on Liverpool to win at 2/1 would result in a win of £40, as well as the return of the £20 stake to the punter, meaning he will walk away with £60.
However, if Liverpool draws or loses the game, the bookmaker wins, and the punter has lost their £20 stake.
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The most significant difference between fixed odds betting and spread betting is that when you bet using fixed odds betting, your potential profit or loss on your bet is ‘fixed’ by the odds given by the bookmaker. However, with sports spread betting, your potential profit or loss can be significantly higher than your original stake size.
An example would be that if you placed a £50 bet on favourites Manchester City to win the match at 1/5, your potential return would be fixed at £10(plus the £50 return of your stake), and your potential loss would be set at £50.
However, if you were to place a £50 spread bet on the same game, buying at three on a spread of 1.8 – 3, you would return a profit of £50 for every goal above the spread. In this example, a 5-0 win for the favourites, Manchester City, would return £100 ((5-3) x £50). Yet, if the match finished in a draw, you would lose £150 ((0-3) x £50), or if the underdogs shocked everyone and won by one goal, you would lose £150 ((-1-2) x £50).
Odds against bets: Your returns are a simple multiplication of your chosen stake multiplied by the odds on offer. For example, a £5 bet on Arsenal to win at 3/1 will return £15 plus your £5 stake should Arsenal win the game. If Arsenal doesn’t win the game, you lose £5.
Even money bets: If a bet is evens, you stand to potentially win the same amount as your chosen stake should your bet win. As an example, a £25 bet on Real Madrid to win at even odds would return £25plus your original £25 stake should Madrid win. If Real Madrid doesn’t win the match, then you would lose £25.
Odds on bets: Due to the outcome being more likely than it is not happening, you win only a fraction of your original stake should your wager come in. For example, a £200 bet on Juventus to win at 1/5 would return £40 plus your original £200 stake. If Juventus doesn’t win the match, then you would lose the £200 stake.
Fractional fixed-odds indicate the amount that you stand to be paid out should the bet win. For example, a 2/1 will return 2 x the stake, along with the return of the original stake.
2/1 is known as ‘two-to-one’ and less commonly referred to as ‘two-to-one-against.’ 1/2 (which would return half of the original stake in winnings, along with the return of your initial stake) is known as ‘one-to-two’ or ‘two-to-one-on.’
1/1 odds is known as an ‘even money’ bet.
When it comes to decimal odds, they factor in the return of the stake. Decimal odds are calculated as the equivalent of the fractional odds, plus one as this will cover your stake.
Meaning that Even money bets are quoted as 2.0, the 2/1 example above would be 3.0, and the 1/2 example above would be 1.5.
An accumulator bet, otherwise known as a parlay bet, is a single bet that links together more than one selection and is dependent on all the choices being correct to land a profit.
Accumulators typically allow for higher odds than just a single bet, probably meaning a greater return from the initial stake size should all your selections come in.
As a real-world example, you may get odds of 10/3 on Wolves beating Manchester City, meaning a potential return of £43.33 from a £10 bet, should Wolves end up winning the game.
However, if you wanted to place an accumulator bet on both Wolves beating Manchester City at 10/3 and Chelsea winning away at Southampton at 5/4 (known as a double), you would be looking at a potential profit of £97.50 from that same £10 stake should Chelsea and Wolves end up winning each respective fixture.
See below descriptions of how each accumulator/multiple bets works.
Double: A single bet placed on two separate selections to win. Both choices must win for the bet to be successful and paid out.
Treble: A single bet placed on three separate selections. Each of these three selections needs to win for the Treble bet to be successful and to be paid out.
Four-fold Accumulator: A single bet placed on four different selections. Just like the above examples, all four of the choices must win for the four-fold accumulator to be successful.
Five-fold Accumulator: A single bet placed on five different selections, all five of these selections must win for you the bet to be successful.
Six-fold Accumulator: A single bet placed on six different selections, which, just like the above examples, relies on all six of the selections winning for the six-fold accumulator to be successful.
Seven-fold Accumulator: A single bet placed on seven different selections. Like all the other examples above, all of the seven choices must be correct to win.
Trixie: A wager on three different selections, but made up of four separate bets, in the form of three doubles and a treble bet. A minimum of two choices needs to win to gain a return of the relevant selection that comes in.
Patent: A wager on three different selections, but made up of seven separate bets; three singles, three doubles, and a treble. In this case, you only need one choice to be correct to get a return, that would mean one of your single bets was successful, and you would receive your stake multiplied by the odds of the single bet as your return.
Yankee: A wager on four different selections and is made up of 11 separate bets; four trebles, six doubles, and a fourfold accumulator. You need a minimum of two choices to win to gain a return, meaning that one of your six doubles were successful.
Lucky 15: A wager on four different selections, which is now made up of 15 separate bets; four trebles, six doubles, a fourfold accumulator, and four singles. You only need one selection to be correct to get a return; this would be one of your single bets being correct.
Canadian/ Super Yankee: A bet on five different selections, which is made up of a whopping 26 separate bets; 10 trebles, ten doubles, five four-fold accumulators, and a five-fold accumulator. A minimum of two selections being correct is required to guarantee a return; this would be returned in one of your doubles.
Lucky 31: A wager on five different selections, made up of 31 separate bets; ten trebles, ten doubles, five four-fold accumulators, one five-fold accumulator, and five singles. In this case, you only need one winning selection to guarantee a return.
Heinz: A huge wager on six different selections, which is made up of 57 separate bets; 20 trebles, 15 doubles, 15 four-fold accumulators, six five-fold accumulators, and one six-fold accumulator. You will need a minimum of two choices to win to gain a return.
Lucky 63: A wager on six different selections, made up of 63 separate bets; 20 trebles, 15 doubles, 15 four-fold accumulators, six five-fold accumulators, one six-fold accumulator, and finally six singles. In a Lucky 63 bet, one winning selection will guarantee a return on your bet.
Super Heinz: A wager on seven different selections, which is made up of 120 bets; 21 doubles, 35 treble bets, 35 four-fold accumulators, 21 five-fold accumulators, seven six-fold accumulators, and finally a sevenfold accumulator. To guarantee a win, a minimum of two selections need to win.
Goliath: The biggest multiple bet at online bookmakers. A wager on eight different selections, which is made up of a fitting 247 separate bets; 28 doubles, 56 trebles, 70 fourfold, 56 fivefold, 28 sixfold, eight sevenfold, and one eightfold accumulator bets. A minimum of two selections needs to win to guarantee a return.
So now you know all about fixed odds football betting, but if you have any questions, feel free to drop us a message on twitter @BettingWorx
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