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Fixed Odds

1x2betting – Fixed Odds (G)
The history of fixed odds dates back to the 19th century and the origins of football gambling. During the 1880s, newspapers started offering fixed prizes for correctly predicting the outcome of games. These prizes became known as “fixed odds”.

Wikipedia – Fixed Odds (G)
It is customary with fixed-odds gambling to know the expected odds at the time of the placement of the wager (the “live price”), however this category also accommodates wagers whose price is determined only after the race or game has taken place (the “starting price”). It is ideal for a bookmaker to price up a book such that the net outcome will always be in his favour, i.e. the sum of all possible outcomes will be in excess of 100%.

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