Fixed odds betting is a Europen Handicap System developed in Europe in the early 19th century for soccer betting. It is perhaps oldest and most common form of betting.
Nowadays, it is more popularly known as 1 X 2, home win-draw-away win or win-draw-win. this form of betting offers the bettors 3 options of betting on the outcome of an event. It is a very simple and stright forward system.
Example
English Premier League
Event
1
X
2
Arsena vs Man Utd
2.35
3.05
2.89
Let’s say you bet $100 on Arsena to win.
If Arsena wins the game, you win $235.
If the game ends in a draw or loss, you lose $100
If you think that the game will end in a draw, you bet $100 on a draw. If the match ends in a draw, you win $305. if either Arsena or Man Utd wins, you lose $100.
What is the probable outcome of this match? Work out your own odds setting now.
Frank Belanger has written a very interesting best seller entitle
Bookie Buster
here he list a number of Betting Strategies using fixed odds betting. It’s a must read book if you are serious about making money from soccer betting.