No. If I may, single-event sports betting is betting on the outcome of a single event. That includes both fixed odds and parimutuel regimes.
Right now in Canada, we only have parimutuel. In other places in the world, such as Australia, they have both. On horse racing, they have parimutuel betting and also fixed-odds betting. Under fixed odds in horse racing, which is not legal in Canada, it's when the bettor puts down their money and there are odds established. They're betting on the outcome of that race and they know what their payout is going to be because it's locked in. If it's two-to-one, then you get two to one if your horse wins.