Fixed odds (Gambling term) – When the odds are predetermined, often used in sports results betting. A game with a fixed odd is one in which the chances of winning and payouts are fixed. Examples of fixed odds games are a scratch-off card and simulated horse games. In a more broad explanation, this term applies to most slot machines and table games, although it is mostly used for “specialty” games. But it doesn’t apply to sports betting and games like poker where odds and probability of the various events are not known.