Hollywoodbets Sports Blog: What is a Fixed Win?

What is a Fixed Win?

To understand how a fixed win works, one must first understand what fixed odds’ betting is.

Fixed odds means the price you get is the price you keep.

Therefore if you back a horse at 5/1, and it shortens to 4/1, you still keep your 5/1.

Unfortunately it also means that if the horse goes to 6/1, you still keep your 5/1.  It is for this reason that the cancellation of these bets is seldom allowed.

When a horse is said to be 5/1, this means that for every R1 you wager you will win R5, plus your R1 stake back (subject to 6% tax and other deductions). 

If the bet loses, you only lose your stake.

When a horse is 8/10, this means that for every R10 you wager, you will win R8, plus your R10 back.

*Any horse which is below 1/1 (even money), such as 8/10, means that the horse is ‘odds on’

Please note that all Horse Racing bets are subject to a 6% betting tax.  This tax is applied to the winnings only.

In a fixed win bet, you are betting on your horse to win the race.  If the horse finishes in any position other than first, then this will be a losing bet.

If your selected horse is scratched, your single bet will be void and you will receive your money (stake) back.

The fixed win odds are the prices displayed next to the horse (with earlier prices to the right of the current price).