Fixed Odds vs Parimutuel Betting – Which Format Is Better?

Do we ever want to have even more options while betting? Perhaps you know of both, but can not understand the difference, or the way to decide which one is more valuable for you as an individual. This article will compare fixed odds vs parimutuel betting, and give you a general introduction. On top of that, we will also evaluate the pros and cons of each!

If someone has been on the in-person betting scene for a long time, they probably tried both fixed odds and parimutuel betting. But for those who are new, we are bringing you a whole analysis on fixed odds vs parimutuel betting. Which one is more valuable? Is it worth trying anything other than fixed odds bets? What is even parimutuel betting and why would we risk money on it? Well, this article will shed light on all of your questions, in a clear structure!

If you are interested in trying out some of the most amazing betting forms, we recommend you take a look at the list of online sportsbook sites in the UK! There are many different opportunities available for you, and nowadays the markets are trying to cater to not a single audience, but anyone who might be interested in a form of betting.

Fixed Odds vs Parimutuel Betting Explained

Before we start to talk about the topic, let us list our article in which we have all of the online gambling odds explained! Once you read through that, you will understand the greater categories of picking different betting formats. According to Technopedia, parimutuel betting is essentially a wager where the winnings are based on how many have lost the bet. Thus, when picking Parimutuel betting, you are also creating a pay-out dependency on your winnings based on:

• The amount of bettors (total pot)
• The amount of winners (pot distribution)
• The amount of losers (pot distributed)

While it doesn’t sound good, it can be extremely valuable for those who are winning an unpopular bet. This is for a niché betting style, where you know for a fact that there are a lot of bettors. If you are interested in betting online, we highly recommend you take a look at bet365 Sportsbook!

Where Can You Pick?

So, where can we even utilize our knowledge on fixed odds vs parimutuel betting? Well, the answer is fairly simple! It’s horse racing! When betting on horses, especially in person, we are going to see a large crowd, which gives us an estimate of how large the pot can get. This is when Parimutuel betting is becoming valuable for you.

Betting online with fixed odds can set you a value, but parimutuel bets will elevate your winnings based on the number of participants, while fixed odds will slightly multiply your stake. If you are interested in learning how to bet on horses, then take a look at our list of the top tips for horse betting.

Unknown Or Unlikely? – Fixed Odds vs Parimutuel Betting

According to the Punters, fixed odds are simply giving you a value, the bookie calculates the multiplier they are willing to pay for a winning bet, and you can decide if it’s worth the stake or not. Therefore, fixed odds are never going to lose their value, but they usually have an almost minimal value, unless it is on an unexpected win. Thus, the question is pretty easy: Unknown, or unlikely? Which word fits you better?

Would you rather have an unknown amount of payout based on your winning bet, or will you have a fixed amount of payment based on the unlikely? We believe that fixed odds are faster, and they do not come with as much of a hustle as parimutuel betting. But parimutuel betting can pay you better than fixed odds. But other times? Maybe everyone wins and you barely make any cash out on your risky bet. This is why fixed odds were invented, and we think for online play, fixed odds are more fair.

Which One Fits Your Personality?

So, fixed odds vs parimutuel betting? Which one will it be? According to Reddit, there is a chance that companies are not going to accept bets unless enough people are wagering. Therefore, parimutuel betting is not a gambling layer on gambling. However, we still have to understand how we work. Are we tending to be suspicious? Are we tending to chase higher values? Essentially, we believe that those who are too afraid of letting the flow dictate the winnings should go for the more secure fixed odds.

But for those who do not mind a little complexity in their winning for a potentially higher reward, we recommend taking the parimutuel betting. But it also depends on whether you wish to play online, or if you wish to visit a venue for betting. If you frequent online horse betting sites, then we pick fixed odds. However, trying parimutuel betting in an occasional venue can be an interesting experience for bettors!

Conclusion – Fixed Odds vs Parimutuel Betting

For final words on our topic, we believe that having a fixed bet is a more secure way to bet on horses. Therefore, as we stated above, we think that those who visit a horse racing venue might want to try parimutuel betting, just for the experience itself. Having fixed odds might not have a multiplying factor, but at least they are consistent.

If you have an issue splitting your budget for either fixed or parimutuel betting, you can still take a look at our guide for the best betting budget-splitting strategy! Everything is about money management and return value estimation. In conclusion: Parimutuel betting gives you winnings based on the amount of bettors, then distributes the pot between all winners. Fixed odds are made between you and the bookie, who tells you how much the return will be.

The Easiest Way To Bet On Horses Online

Now that we discussed the topic of fixed odds vs parimutuel betting, it’s time to talk about your online betting opportunities! More than often, you will be able to wager with fixed odds while betting online. This is because no players can be sure of the exact participants, and it would invoke much drama for players who would accuse sites of running bots to make it seem more popular.

Essentially, we believe that it was the right call for most sports betting operators to reject the idea of parimutuel betting. Of course, some alternative sites are going to allow you the option as well or host occasional events. Essentially, if you are looking for the best site to use for horse racing bets, then we highly recommend you register at bet365 Sportsbook! They are a prestigious site that prefers quality over quantity!

Click here to try the best odds at Bet365 Sportsbook!