What Are Fixed Odds in Sports Betting?

In online sports betting, fixed odds are odds that don’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, it’s resolved at +180. 

A vast majority of online sports betting revolves around fixed odds, where the number a bettor has on their ticket is locked in and doesn’t change. If the number changes later, it doesn’t affect a bettor who’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 bettor’s payout all the way up until their event begins. Parimutuel odds are most common in horse racing. 

Do Parlays Have Fixed Odds?

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