The bookies term " Fixed Odds"

I understand when things are "fixed"
it cant change no matter what happened in its
environment.

So when i take a "fixed" odds bet at a bookie for 5/1
i understand that the odds cant changed cause its fixed.
Just like a bond at the bank taken at a "Fixed" interest rate.
The "fixed rate doesnt change no matter what happens in the market.

Surely same applies when taking a "fixed" odds bet at a bookie.
Why must my bets odds change when there are changes in the market, eg deductions for none runners ?

If the odds are effected than the bookie concern isnt
offering the so called " FIXED" odds they claim to guarentee.

Or am i wrong ?

please give ur views.

Your odds stay the same, the deductions are because your chance of winning have increased, the shorter the price of the withdrawn horse the bigger the deduction

If you back a 3/1 2nd fav and the odds fav is withdrawn you expect the same price ?

What about when you take 20/1 a winner that's returned 10/1 do you say to your bookie just pay me 10/1?

Ps I explained on the flamingo thread how your bet was worked out.

If the horse you backed gets impeded,his running taken up and can't get a clear run or the jockey thinks something is wrong and don't persevere, do the bookies refund you?

I know it's been like this since forever, but I am with good2soft on this one
Why should the punter carry all the risks?
It just doesn't seem right,
Everything is stacked against the punter, be it via the Bookie or the Tote
If your horse lose 10 lenghts at the start theres no refund

G2S by your reasoning, your scratched horse was also taken as "fixed" and thus the scratching is irrelevant and your bet is a loser. You can't have it both ways. Deductions can be infuriating as obviously you didn't think the scratched horse would win but in principle you can't argue with them, whatever the bet type. Bookie is correct I'm afraid.

Don't know if I already said this but your price does stay the same you still get the 5/1

But your chance has just increased , hence the deduction , it's a very fair system, the only other way would to void all bets, and could you imagine the furore if that happened

To answer myself
Once i placed my bet i'm fucked
It's hard enough with all these green and grey areas inbetween

I should rather play football,could have made a packet against Bafana :lol:

the winner race6 paid 14/10 on the tote after the withdrawal
you got paid nearly 16/10 after deductions with the price you took

I dont agree that i get the same odds when the "fixed" bet is
subjected to a deduction.

My proof of the above is, that if i wanted to cancell my bet
im being told that the "fixed" bet cant be cancelled,
because the odds have changed.

Now how can i still get the same odds ?

Fixed as in the price you have taken at that time is the price you get

You can't cancel a bet when your punting fixed odd because the whole idea of bookmaking is making a book with odds and betting percentages .

Being allowed to cancel bets would open the market up to manipulation

If the betting in a race is Horse (a) 8/10 and Horse (b) 5/1 and one takes the 5/1 horse b then horse a is scratched the betting is revised and horse b is now priced up at 5/2 becoz the 8/10 shot is out the race so those who took the 5/1 will then receive a 50% deduction ie a return of 5/2 which would be in line with the revised betting, should the 5/2 shorten further into say 16/10 then the 5/2 remains applicable, hence the term fixed odds