The Fix Odds Betting Step: Choose an outcome of an event you wish to bet on. Decide how much money
you wish to stake and whether you want to bet win-only or each-way. example, you decide to bet £5 on Papillon winning the Grand National. "MAY THE ODDS BE EVER IN YOUR FAVOURITE"
Find an on-line betting partner quoting odds on your chosen event. For example, you would first click on "horse racing" then "Grand
National" on the betting partner's website.
The betting partner displays say 9-1 against Papillon winning the race.
This means if Papillon wins, your return on £5 will be £45, plus your
stake, making a grand total of £50.
Place the bet. Clicking on the Best Price for your selection will open up
a betting slip or direct to the appropriate betting partner. Enter your
stake. Before logging the bet, it is advisable to find out how much
betting tax a betting partner is charging. The betting partner transfers your winnings plus returned stake into your account.
source: Google