Fixed Odds Betting Terminals - A detailed look at how the FOBT's work, what your real odds are and the laws governing the games. Fixed odds betting is when you take a betting price. If you bet on a selection at, say, 5/1 odds then you have taken a betting price. That is fixed odds betting. Gamblers 'lost more than £10,' on fixed - odds betting terminals. GambleAware charity's analysis submitted to government's gambling review reveals extent of. Fixed-odds betting terminals show how Cameron is just as conflicted as Blair was when it comes to intervening or leaving be. Find out more about sports spread betting. Spreadex are the sports spread betting experts offering thousands of in-play prices on hundreds of matches and events every day. UK UK politics education media society law scotland wales northern ireland. EXPIRY This is the time, in minutes, of when you want the bet to close. When making a bet in which one must put more at risk than one can win, one is laying the odds or laying the bet ; rational bettors will do so only if the actual chances of an adverse outcome are low enough that the expected outcome even after deduction of taxes and any transaction costs is favorable to the person laying the bet. Perhaps most unusual is that odds of Articles needing additional references from September All articles needing additional references All articles with online casino website builder statements Articles with unsourced statements from September International edition switch to the UK edition switch to the US edition switch to the Australia edition. If that outcome happens, i. Spreadex are the sports spread betting experts offering thousands of in-play prices on hundreds of matches and events every day. In making a bet where the expected value is positive, one is said to be getting "the best of it". For our mobile sports spread betting site go to www. Simply select your market, input your stake, select your expiry time and choose whether you think the market will be above or below the current price at expiry. Ryan Myers killed himself after struggling with a gambling addiction. Manage Account Balance History My account Notifications Upload Documents. A Theoretical Approach towards setting limits on odds.