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| What is fixed odds betting? |
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The glossary of Betting Terms
Search the menu below: Do a 'Ctrl F' search on this page as a fast way to find the betting term you want explained.
Single Bets What is a Win Bet?
Place Terms How are place terms decided for UK horse racing? What if I bet Each-Way and the event becomes Win Only?
Multiple bets What is an accumulator (or acca)? What is a Lucky 31?What is a Heinz?What is a Goliath?
Forecasts:
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Fixed odds betting is when you take a betting price. If you bet on a selection at, say, 5/1 odds then you have taken a betting price. That is fixed odds betting. Tote or Pool betting is not fixed odds betting: you don't know the price you will get when you back a selection with Tote betting because the dividend is not worked out until the event starts. With fixed odds betting you have taken a specific price or betting odds when you struck the bet. So, if you take a price on football team or a horse (including Early Prices or Board Prices) then that is fixed odds betting because you have taken fixed betting odds. In the case of horse racing if you take a fixed odds price on the day of the race there may be a Rule 4 deduction in the event of a horse subsequently becoming a non-runner. |
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