Fixed Odds Games

Fixed-Odds Games is a blend of fixed-odds and exchange betting, in which players wagers against odds offered by other players and not by a bookmaker. Any player can lay a bet (that is back an outcome not to happen), and set the odds (decimal odds), and any other player can bet against it.

Algebraic Summary

When players lay a bet with odds x, they must stake a value. If the outcome is in their favor, they make 1 / (x – 1) of their stake; if the outcome is against their bet, they lose their stake. When players bets against an offer of odds x, they must also stake a value. They make x multiplied by their stake if the outcome is in their favor, and they lose their stake if the outcome is against their bet.