🔢Fixed Odds & Dynamic Odds

EXPLANATION

Understand fixed odds and dynamic odds for smarter predictions and higher winnings. Fixed odds offer stability, while dynamic odds provide real-time adjustments. Consider the pros and cons to choose the best approach for your prediction strategy.

Fixed odds

Fixed odds betting is the most traditional form of betting, and it is the method that most people are familiar with.

The prediction game odds are set by the game host and, once bet on, will remain the same until the event starts. Regardless of any changes in the placed amount of the game pool, your potential payout is determined solely by the fixed odds established by the creator.

Example

Your Bet Amount: 10 BUSD

Fixed Odds has set by the creator: 2.5

Potential Winning = Bet Amount * Fixed Odds = 10 * 2.5 = 25 BUSD if your option is correct.

Dynamic Odds

Dynamic odds are continuously updated odds that change with the development of events and the changes in betting conditions. They reflect the most current probabilities based on the changing circumstances. With dynamic odds, you have the opportunity to capitalize on real-time changes and potentially earn higher returns.

Example

In dynamic odds, the odds can change based on the number of bets placed on each option.

Let's consider a scenario where the total bet in the current pool is 200 BUSD, and you bet 20 BUSD on Option B.

The current odds for Option B are 1.5

Potential Winning = (Bet Amount * Total Bets on Option B) / Total Bets in the Pool = (20 BUSD * 100 BUSD) / 200 BUSD = 10 BUSD if B is the correct option.

COMPARISON

Fixed Odds	More straightforward: Fixed odds betting is more familiar and easier to understand than tote pool betting. Predictability: With fixed odds betting, you know exactly how much you stand to win or lose before you place your bet. This makes it easier to execute your betting strategy and manage your P/L.	Limited Flexibility: Once you place a bet on fixed odds, you are committed to those odds regardless of any subsequent changes in the market or circumstances. Potentially Lower Returns: Since the odds are fixed, the potential returns on your bets may be lower compared to other betting games, where odds can fluctuate.
Dynamic Odds	Flexibility: Dynamic odds allow for adjustments based on new information or events, providing flexibility to adapt to changing circumstances during the betting period. Higher Potential Returns: As odds change in real-time, dynamic odds offer the potential for higher returns compared to fixed odds.	Complexity: Dynamic odds can be more complex to understand and follow compared to fixed odds, requiring bettors to stay updated and make quick decisions. Limited Predictability: With dynamic odds, the final odds may not be known until the betting period ends, making it difficult to accurately predict potential winnings in advance.

CALCULATION

Current Odds

$$1 : (P1 + P2 + ... + Pn) / P0$$

Winning Odds

$$1 : (P1 + P2 + ... + Pn) / (P0 + X)$$

Estimate Receive on Winning

$$(((P1 + P2 + ... + Pn) * X / (P0 + X)) + X) / (V + X) * 100 percent$$

The amount Won by the Player

$$(P1 + P2 + ... + Pn) * X / P0$$

The amount can be Claimed by the player

$$((P1 + P2 + ... + Pn) * X / P0) + X$$

• P: the betting options (This version only has 2 but the next version will have more choices)

• P0: total bet of the current pool that player inputting

• P1-> Pn: total bet of all other pools except P0

• V: current game Volume

• X: The current amount that players have inputted

FAQ

🔢Fixed Odds & Dynamic Odds