What Are Fixed Odds in Sports Betting?

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Penn State running back Nicholas Singleton (10) runs into the end zone for a touchdown against Mississippi cornerback Zamari Walton (6) during the second half of the Peach Bowl NCAA college football game, Saturday, Dec. 30, 2023, in Atlanta.
(AP Photo/Brynn Anderson)
Chase Kiddy @chaseakiddy Feb 27, 2024, 1:46 PM

In online sports betting, fixed odds are odds that donโ€™t move once a ticket has been purchased by a bettor.

If a bettor buys a ticket for Penn State to beat Ohio State at +180, that +180 moneyline price does not change before, during, or after the game. Win or lose, itโ€™s resolved at +180.ย 

A vast majority of online sports betting revolves around fixed odds, where the number a bettor has on their ticket is locked in and doesnโ€™t change. If the number changes later, it doesnโ€™t affect a bettor whoโ€™s already holding a ticket at a fixed price.

In the broader world of sports betting terms, the opposite of fixed odds is parimutuel odds, where ongoing market pressure will affect a bettorโ€™s payout all the way up until their event begins. Parimutuel odds are most common in horse racing.ย 

Do Parlays Have Fixed Odds?

Yes, the same markets that have fixed odds for single bets also have fixed odds for parlays.

Visit the sportsbook for updated odds, the best sports betting promos โ€” including BetMGM’s welcome offer โ€” and more.

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About the Author

Chase Kiddy

Read More @chaseakiddy

Chase Kiddy is a writer for BetMGM and co-host of The Lion's Edge, an NFL and college football podcast available on Spotify, Apple Podcasts, and everywhere else. He has also written for a number of print and online outlets, including the Richmond Times-Dispatch, Washington Post, Daily News-Record, and HERO Sports. His first novel, Cave Paintings, is in development.

Chase Kiddy is a writer for BetMGM and co-host of The Lion's Edge, an NFL and college football podcast available on Spotify, Apple Podcasts, and everywhere else. He has also written for a number of print and online outlets, including the Richmond Times-Dispatch, Washington Post, Daily News-Record, and HERO Sports. His first novel, Cave Paintings, is in development.