Fixed Odds

Fixed odds are the most straightforward and widely used type of betting odds, commonly displayed for each horse in a race. When a punter selects a runner and places a bet at the displayed price before it changes, that price is locked in and guaranteed if the runner. The price only ever changes if other runners are scratched from the race, leading to deductions which reduce the price of the odds secured.

Advantages

• Fixed odds provide security against price drops after the bet is placed, ensuring the punter gets the agreed-upon return.

Disadvantages

• Punters miss out on the opportunity to benefit from price increases after their bets are placed.