Difference between Parimutuel and Fixed Sports Betting Odds at LinesMaker

Difference between Parimutuel and Fixed Sports Betting Odds

In sports bet­ting, the pay­outs pro­vided by the book­mak­ers to the win­ners are based on the cal­cu­lated odds. The odds on sports lines are dis­played in dif­fer­ent ways like dec­i­mal odds, Euro­pean odds and money line. Basi­cally, book­mak­ers use two basic frame­works, parimutuel bet­ting odds and fixed odds sys­tem to cal­cu­late sports bet­ting odds.

In parimutuel frame­work, the bet­tors are allowed to bet a spe­cific type of wager in a pool and the book­ies sim­ply cal­cu­late all wagers later on by keep­ing same types of bets in a pool. In short, parimutuel sports­book bet­ting sys­tem involves cal­cu­la­tion of odds on the bets placed before­hand and the odds that the bet­tor will be get­ting are also dis­closed later on. This tech­nique is used on a spe­cific num­ber of bets placed till a par­tic­u­lar time and it may become lot more com­plex if the book­mak­ers allow bets even dur­ing the game.

On the other hand, fixed odds bet­ting lines involves putting up of the sports odds before tak­ing the bets. Thus, the bet­tors know the odds or amount that they will be receiv­ing before plac­ing their bet. Fixed sports bet­ting sys­tem is more appro­pri­ate if the book­maker decides to take bets dur­ing the game. More­over, the book­maker has the lib­erty to change the odd for reap­ing profit regard­less of the out­come of the event.

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