🔢Fixed Odds & Dynamic Odds

How do fixed odds and dynamic odds affect my potential winnings?

With fixed odds, you know the exact potential winnings in advance, as they remain constant. On the other hand, dynamic odds offer the potential for higher returns, as they change in real-time based on the bets placed by participants.

Are dynamic odds riskier?

Dynamic odds can be seen as more volatile compared to fixed odds, as they change based on betting activity. However, they also provide the opportunity to benefit from favorable odds shifts and potentially higher returns.

Can I switch between fixed odds and dynamic odds as the game host during the game?

No, the odds type is set in advance and cannot be changed once the game is running and remains consistent throughout the game to ensure fairness and transparency for all participants.

Are the odds the same for every participant?

Yes, the odds are the same for every participant placing a bet on the same option. This ensures fairness and equal opportunities for all participants.

What factors can influence the dynamic odds in a betting system?

Dynamic odds are influenced by several factors, including the amount of bets placed on different options, and the overall market demand. As more bets are placed on a particular option, the odds for that option may decrease, while the odds for other options may increase to maintain a balanced betting pool and reflect the current probabilities.

How often are dynamic odds updated?

Dynamic odds are updated in real-time, reflecting the latest betting activity. The frequency of updates may vary depending on the specific event.

How is the potential winning amount calculated using the odds?

The potential winning amount is calculated by multiplying the amount bet by the odds number associated with the selected option. For example, if you bet a certain amount on an option with odds of 2:00 : 5:00, your potential winnings would be the bet amount multiplied by 2.5.

Check more details of the winning algorithm here