Fixed Odds Betting Explained...

Fixed odds are the most popular form of betting and it's the type of bet most people understand. In its most basic form you are betting on the outcome of an event - a good example would be a football game where you can bet on the home team to win the match, the away team to win the match or on the game being drawn all of which have specific odds.

The amount of money you can win is determined by a bookmaker at the time you place the bet. If you bet £10 on Manchester United to beat Liverpool at 2/1, you would win £20 plus your £10 stake will be returned to give you a total return of £30 on the bet. The maximum you can lose on a fixed odds bet is your original stake which in this case would be £10.

You can add two or more fixed odds bets to build what is known as an 'accumulator'. These accumulators come in many forms. 2x bets are known as 'doubles' and 3x bets are 'triples'.

In horse racing it is common to have large accumulator bets such as a 'Trixie' which is a full-cover multiple bet made up of three selections for different races. It consists of three doubles and one treble. You have to win a minimum of two selections to receive a return.

If that sounds complicated then take a look at a 'Super Yankee' bet. A Super Yankee is a full-cover multiple bet made up of 5 selections in different races. A Super Yankee is made up of 26 bets - 10 doubles, 10 trebles, 5 fourfolds and 1 accumulator. You have to win a minimum of two selections to receive a return.

Accumulators are popular due to the fact that they can yield big returns for very low stakes as the money you win on one race or match is then added to the stake on the next and so on and so on. Although these bets can be tempting to the punters the bookmakers love them as they are very hard to win.

You can get fixed odds bets and with high street bookmakers - see my featured online bookmakers below if you fancy having a flutter on any fixed odds events online.

Coral Bookmakers - No.1 For Betting
The UK's best online bookmaker offers a large variety of betting including Football, Horse Racing and F1. Plus you'll get a £10 Free Bet on Coral games.
» Coral Bookmakers Review...

VC BET - In Running Specialists
Open an account online with VC BET and they will give you free bets worth up to £100. Plus you can bet in-running on Premiership games.
» VC Bet Review...

William Hill Bookmakers
Being licensed in the UK under some of the strictest gambling legislation in existence anywhere in the world, means that you can bet in total confidence.
» William Hill Review...