Playing online casino games is great fun but can also be a profitable venture if players are aware of the fixed odds on the games they play as it will increase their ability to make smart bets and increase their chances of making money from their betting.
Firstly let's differentiate Fixed Odds in sports betting from Fixed Odds in casino games. In sports betting Fixed Odds refer to odds offered on a bet on a particular outcome of a game or a player's performance. However in sports betting not all odds are fixed and predetermined prior to the game, race or match commencing.
In some cases there are in-play or mid-race odds so those odds will only be revealed as the game or race begins or progresses. These odds are not fixed prior to the game and players must be vigilant if the odds that are offered on a sporting event are fixed or not.
When playing casino games the odds offered are fixed and that means that they will never change no matter what the outcome is or how many rounds of play the player won or lost prior to making another wager.
The fixed odds offered on casino games differ from game to game and some games offer different fixed odds for different wagers within the same game.
Let us use the game of European Roulette as an example for casino games fixed odds. The Roulette game offers players a variety of bets that are split into two categories; Inside Bets that offer fixed odds from 5 to 1 up to 35 to 1 and Outside Bets that range from Even Money bets of 1 to 1 up to 2 to 1.
All these wagers have fixed odds. A player may wager a combination of several Inside Bets or Outside bets and even mixed types of bets in a single round of play. The player may win ten rounds in a row but the odds will stay the same on every type of bet no matter what happens.
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