Sports Fixed Odds Betting

At Spreadex you can place traditional sports fixed odds bets as well as sports spread bets - all from the convenience of one account.

Find out exactly how fixed odds betting works by watching our short video below. Alternatively, read on for a written explanation.

AN INTRODUCTION TO FIXED ODDS BETTING

Fixed odds betting is the traditional form of betting where a bookmaker will offer odds on a specific outcome in a match or event.

If that outcome happens, 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.

So in the above example, a £10 bet on a horse to win at 10/1 would result in a win of £100, as well as the return of the £10 stake to the punter.

However, if that outcome doesn't happen, then the bookmaker wins and the punter would have lost the £10 stake.

Fixed odds bet attractions

The main difference between fixed odds betting and spread betting is that with fixed odds betting your potential profit or loss is 'fixed' by the odds offered by the bookmaker. But with sports spread betting your potential profit or loss can be many multiples of your original stake size.

E.g., if you placed a £100 bet on a favourite on a football match to win at 1/5 your potential return would be fixed at £20 (plus the return of your stake) and your potential loss would be fixed at £100.

However, if you were to place a £100 football Supremacy spread bet on a favourite, buying at 2 on a spread of 1.8 - 2, you would return a profit of £100 for every goal above the spread. E.g. A 5-0 win for the favourites would return £300 ((5-2) x £100). But if the match was a draw you would lose £200 ((0-2) x £100) or if the underdogs won by a goal you would lose £300 ((-1-2) x £100).

FIXED ODDS betting WITH Spreadex

• 1000s of fixed odds markets on global sports events, listed in either fractional or decimal format.

• Accumulator or multiple bet options plus each-way betting on our horse racing markets.

• 3 Cash Out options; One-click Cash Out, Partial Cash Out and Auto Cash Out.

• Bet on the go with our mobile and tablet apps optimised for iOS and Android.

• Fixed odds betting, sports spread betting and casino gaming all from one account.

• Formed in 1999, Spreadex is known for laying some of the biggest bets in the industry.

FIXED ODDS BET EXAMPLES

Odds against bets: Your return will be a simple multiplication of your stake times the odds on offer, e.g. a £10 bet on a horse at 10/1 will return £100 plus your £10 stake should the horse win the race. If the horse doesn't win the race, you lose £10.

Even money bets: You win exactly the same amount as your stake should your bet come in. E.g. a £50 bet on a football team to win at even money would return £50 plus your original £50 stake should that team win. If that team doesn't win then you would lose £50.

Odds on bets: You win a fraction of your original stake should your bet come in. E.g. a £100 bet on a cricket team to win at 1/5 would return £20 plus your original £100 stake. If that cricket team doesn't win then you would lose the £100.

FRACTIONAL TO DECIMAL ODDS

Fractional fixed odds quote the amount that will be paid should the bet win. I.e. 4/1 will return 4 x the stake, as well as the return of the original stake.

4/1 is known as 'four-to-one' and less commonly referred to as 'four-to-one-against'. 1/4 (which would return a quarter of the original stake in winnings, along with the return of the original stake) is known as 'one-to-four' or 'four-to-one-on'. 1/1 is known as an 'even money' bet.

Decimal odds factor in the return of the stake so are based on the equivalent of the decimal value to the fractional odds, plus one.

Even money bets, therefore, are quoted as 2, the 4/1 example above would be 5 and the 1/4 example above would be 1.25. Use our odds converter tool below to try more fractional to decimal odds conversions. Or see more conversion examples in the table below.

Accumulators and Multiples

An accumulator bet, also known as a parlay, is a single bet that links together more than one bet and is dependent on all the bets winning to land a profit.

This type of betting allows for higher odds than a single bet, potentially meaning a greater return from the initial stake size should all the bets come in.

For example, you may get odds of 10/3 on Everton beating Manchester United, meaning a potential return of £43.33 on a £10 bet, should Everton end up winning the game.

If you wanted to place an accumulator bet on both Everton beating Manchester United at 10/3 and Liverpool winning away at Aston Villa at 5/4 (known as a double) you would be facing a potential profit of £97.50 from that same £10 stake should Everton and Liverpool end up winning each respective fixture.

At Spreadex you can place up to eight bets simultaneously and choose from a variety of accumulator or multiple bet options including Trixies, Patents, Yankees, Lucky 15s and many more.

ACCUMULATOR AND MULTIPLE BETTING GUIDE

See below for descriptions of exactly how each of our accumulator/multiple bets work.

Double: A single bet placed on two different selections to win. Both selections must win for the bet to be successful.

Treble: A single bet placed on three different selections. Each of these selections needs to win for the bet to be successful.

Fourfold Accumulator: A single bet placed on four different selections. Just like the previous examples, all four of the selections must win for you to be successful.

Fivefold Accumulator: A single bet placed on five selections, all of which must win for you to land a profit.

Sixfold Accumulator: A single bet placed on six selections which, just like the previous examples, relies on all of the selections winning for the bet to be successful.

Sevenfold Accumulator: A single bet placed on seven selections. Like all the other descriptions above, all of the selections must win to get the pot.

Trixie: A wager on three selections, but which is made up of four separate bets, i.e. three doubles and a treble. A minimum of two selections must win to gain a return (e.g. that would mean one of the double bets was successful).

Patent: A wager on three selections, but which is made up of seven separate bets; three doubles, a treble and three singles. In this case only one winning selection will guarantee a return (e.g. that would mean one of the single bets was successful).

Yankee: A wager on four selections, which is made up of 11 separate bets; six doubles, four trebles and a fourfold accumulator. A minimum two selections must win to gain a return (e.g. that would mean one of the double bets was successful).

Lucky 15: A wager on four selections, which is made up of 15 separate bets; six doubles, four trebles, a fourfold accumulator plus four singles. In this case only one winning selection will guarantee a return (e.g. that would mean one of the single bets was successful).

Canadian/ Super Yankee: A wager on five selections, which is made up of 26 separate bets; 10 doubles, 10 trebles, five fourfold accumulators and a fivefold accumulator. A minimum of two selections must win to gain a return (e.g. that would mean one of the double bets was successful).

Lucky 31: A wager on five selections, which is made up of 31 separate bets; 10 doubles, 10 trebles, five fourfold accumulators, one fivefold accumulator plus five singles. In this case only one winning selection will guarantee a return (e.g. that would mean one of the single bets was successful).

Heinz: A wager on six selections, which is made up of 57 separate bets; 15 doubles, 20 trebles, 15 fourfold accumulators, six fivefold accumalators and one sixfold accumulator. A minimum of two selections must win to gain a return (e.g. that would mean one of the double bets was successful). The name here comes from H. J. Heinz Co’s ’57 varieties’ advertising slogan.

Lucky 63: A wager on six selections, which is made up of 63 separate bets; 15 doubles, 20 trebles, 15 fourfold accumulators, six fivefold accumalators, one sixfold accumulator and six singles. In this case only one winning selection will guarantee a return (e.g. that would mean one of the single bets was successful).

Super Heinz: A wager on seven selections, which is made up of 120 separate bets; 21 doubles, 35 trebles, 35 fourfold accumulators, 21 fivefold accumulators, seven sixfold accumulators and a sevenfold accumulator. A minimum of two selections must win to gain a return (e.g. that would mean one of the double bets was successful).

Goliath: A wager on eight selections, which is made up of 247 separate bets; 28 doubles, 56 trebles, 70 fourfold accumulators, 56 fivefold accumulators, 28 sixfold accumulators, 8 sevenfold accumulators and one eightfold accumulator bet. A minimum of two selections must win to gain a return (e.g. that would mean one of the double bets was successful).

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