What Is Fixed Betting?

Hitting the jackpot on a slot machine or purchasing a winning lottery ticket is one of the most exhilarating experiences you can have as a gambler. The odds of doing so are incredibly low, but the possibility is always there. What if you could somehow beat the odds and ensure that your money lasts longer than you could physically handle? Would you do this and jeopardise the fun of gambling?

Many people consider betting to be a form of entertainment, but there is more than one way to achieve success in betting. One of the safest and most lucrative options available is named fixed betting. Simply put, this type of betting is when the bookie agrees to fix the odds of a certain outcome in your favour. What does this mean?

The advantage of betting with fixed odds is that your money is protected from the fluctuation of the market. A bettor places a bet on an event and the bookie guarantees that their will be a certain outcome. For example, let’s say you wager on the Super Bowl this year and, amazingly, the New England Patriots win. Even though you got lucky and the game ended in a tie, you would have earned a decent return on your investment because the bookie would have guaranteed that the Patriots would win the game.

Another advantage of fixed odds betting is that it’s easier to calculate your winnings. If there is no fluctuation in the market, it’s simple to see how much you’ve earned. Even better, you won’t have to worry about the integrity of the bookmaker or the fairness of the odds as they agree to give you. In most cases, winning at fixed odds is as easy as placing a bet and waiting for the result. Of course, there are exceptions; sometimes the bettor has to wait a little while to see if their bet will pay off, but the end result is the same.

So, would you consider betting on fixed odds? Would you use this type of betting service if you’re a gambler? Maybe you’ll find that it’s not as good as you thought and decide that online betting sites are the way to go. In any case, this article will give you a better understanding of what fixed odds betting is and why you might want to try it out.

The Rise In Popularity

It’s fair to say that Fixed Odds betting has seen a lot of popularity in recent times. Especially in the United Kingdom and Canada, people are discovering the delights of fixed odds betting and are signing up for betting accounts in large numbers. In fact, in December 2017, Bookmakers announced that they had recorded their biggest monthly traffic increase ever. Why? Simple – people are craving for new ways to bet and fixed odds betting provides a safe and reliable way to do this.

There is also an increasing number of cases where bookmakers are willing to sponsor sporting events so that gamblers can enjoy fixed odds betting on their favourite teams. For example, one of the biggest and most trusted names in bookmaking, Paddy Power, became the official bookmaker of the English Premier League in 2018. This followed their long-standing association with the English Football League and FIFA World Cups. Similarly, Ladbrokes is the official bookmaker of the Canadian Football League. What this means is that if you’re a Canadian or an English football fan, you can now place a bet on your favourite teams while they’re playing on the other side of the Atlantic Ocean!

While the appeal of fixed odds betting is plain to see, it’s important to note that not all sites that offer this option are created equal. Some are better than others when it comes to delivering a great user experience and taking bets. For this reason, we’ve listed below a number of questions to help you determine the reliability of any betting website before you make a purchase.

Do They Accept Canadians?

This is a question many people ask themselves once they find out that they can’t access certain sites due to location, security or other restrictions. If you’re a Canadian, you’ll need to find a betting site that accepts your country of residence. In most cases, Canadian residents can enjoy depositing funds and placing bets on events in the UK and other parts of North America. The exceptions are the big-name bookmakers that usually only accept bets from UK and European users due to licensing regulations. Similarly, the opposite is also often true and some American-licensed sites don’t accept UK or European Union bettors due to legal restrictions. In either case, you’ll need to find a workaround.

Do They Have A Mobile App?

Nowadays, nearly everyone has a mobile device in their vicinity, so it’s vital that a betting website is accessible from anywhere. If you’re planning to use a mobile app to place your bets or verify your accounts, make sure that it’s available for download from the App Store or Google Play. This way, you can use your device’s touch screen to easily navigate the site and place your bets or verify your account. As previously mentioned, online bookmakers have seen an increase in traffic due to the pandemic, so having a mobile app becomes even more important. As a minimum, they should be available on the Apple App Store and Google Play.

How Do They Keep Their Records?

An increasing number of online bookmakers have been forced to close down due to legal or financial complications. With this in mind, it’s important to find a site that is fully licenced and regulated. This means that the operators of the site are members of relevant governing bodies, have the necessary licences and are required to keep proper records. Sadly, there are many less scrupulous bookmakers that either operate illegally or don’t have the necessary licences, which puts your personal information at risk. In most cases, these kinds of sites will have an unwritten ‘terms and conditions’ clause that allows the operator to keep your personal information for as long as they want. Legitimate sites will only keep your personal information for as long as is necessary to provide you with the services you seek. After that, they will securely erase your data so that no one can ever access it. For this reason, it’s important to do some research on the website before you make a purchase. Learn about the privacy policies of the site and whether or not they will be sending you marketing-related emails. Most importantly, make sure that the site is legal and has the necessary licences to operate in the country/jurisdiction that you reside in.