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Fixed-odds betting is a form of gambling where individuals place bets on the outcome of an event, such as sports matches or horse races, at predetermined odds. In fixed-odds betting, the odds are fixed and determined at the time of placing the bet. These odds reflect the likelihood of a particular outcome occurring.
In organized sports, match fixing (also known as game fixing, race fixing, throwing, rigging or more generally sports fixing) is the act of playing or officiating a contest with the intention of achieving a predetermined result, violating the rules of the game and often the law.
Known as Oddset in British Columbia and Mise-O-Jeu in Quebec, Pro-Line offers fixed-odds sports betting, and is the most popular Sport Select game. It does not offer betting on individual matches, partly because betting on a single sporting event was illegal under the Criminal Code up until 27 August 2021. [1]
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When the free bet is placed the other bookmakers or betting exchanges are used to hedge all the possible outcomes so that no matter what happens the value of the free bet is retained. At its simplest, a matched bet involves placing a back bet using the free bet at a bookmaker while placing the opposing lay bet at a betting exchange.
The player with the most accurate predictions wins the top prize, or a share of it if more than one player has these predictions. In addition, there is a special £3,000,000 prize or share of it for correctly predicting the nine score draws (draws of 1–1 or higher) when these are the only score draws on the coupon. [ 1 ]
As for individuals at lower levels of the football system, they are banned from betting on any match in the league in which they participate, as well as matches in which they are directly involved. [7] [8] Match fixing in football remains a major concern. In Turkey in 2011 more than 30 players and staff have been convicted of game fixing.
Statistical Football prediction is a method used in sports betting, to predict the outcome of football matches by means of statistical tools. The goal of statistical match prediction is to outperform the predictions of bookmakers [ citation needed ] [ dubious – discuss ] , who use them to set odds on the outcome of football matches.
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