Canceled Bets: When They Are Given And Keys To Take Into Account

If you have bet on an event that has been postponed or suspended, the usual thing is to resolve the bet as void, also if it is within a combined chance, unless the new date on which it will be played is known.

What To Do When A Bet Is Canceled

What happens when a sports event we have bet on is suspended? Although we should differentiate between postponement (to another date) and suspension (not played), it is a widespread doubt among bettors since, after all, their money is what is at stake, and surely the conditions are not the right ones. The same from one game to another: some players recover, who are injured, penalties, the teams’ trends are reversed—so let’s solve what happens with canceled or void bets.

Canceled Bets

Whenever we place a bet, we are convinced that it will go ahead and the event will take place, and we do not think about a possible suspension or postponement of the match or race. Nor do we believe that the betting company will act, let’s say of its motion, canceling the bet, although it is true that many times we can intuit errors in the odds. However, chance also plays a vital role in our bets, and in the same way that it can be decisive for the outcome of the bet, it can also be that chance intervenes in its resolution.

We can find up to six different scenarios where our bet is canceled not to solve it as a winner or a loser. We talk about events that for whatever reason (security, weather, illness, problems with the schedule, coronavirus, etc.) have to be postponed to another date or end up suspended, void bets on finished events, bets where one of the opponents abandon or do not participate, null selections in combined, invalid bets or errors in the odds; situations in which the user does not lose his bet.

Postponed Events

Every bookmaker is different, and we should read the bookmaker’s terms and conditions, the fine print. Although we must consider the online betting sites and the sport we have bet on, there are a number of variables to take into account. For example, some bookmakers apply the “three-day rule”: keep bets on postponed events if played in the next 72 hours.

If it cannot be completed within that period, it implies the bet’s cancellation so that the money is returned to us. Technically it is as if we were talking about a void bet. In this way, the user recovers the money bet on an event that does not occur, or that is not known when it will be held or what conditions (stadium, weather, the physical condition of the athletes, etc.). It’s the same as many bookmakers do with retirements in tennis, the bet is canceled, and we get the money back.

Void Bets (Void)

At this point, it is convenient to look at our glossary and remember what a void bet is. We speak of a void bet when the bet cannot be resolved. We have just seen the bets on events that have not been played, but we can also find void bets on events that do end, for example, Asian handicaps or goalscorer bets if the player in question has not played. Void bets are resolved by returning the amount wagered to the player.

Withdrawn

In individual sports such as tennis or badminton, a bet can be canceled or suspended in the middle of a match: it starts to rain, there is no light, a player quits, etc. Each bookmaker acts differently. Some cancel the bet, others are based on the first set, and others go further and count until the last ball is played. At the risk of being repetitive, the house T&C indicates what happens to tennis bets if a tennis player abandons.

Void Bets With Combinations

We can also find the situation in which the suspended match or event has been included in a combined bet with other events that have been carried out. Again you have to consult the terms and conditions of each betting company, but the usual thing is to consider that selection void. Thus, a combined with four games of which only three have been played will become combined with three teams.

Invalid Bets

They are probably the least common case, but technical errors may occur that lead the bookmaker to invalidate the bet, declaring it void. As we say, it is very strange that it happens, and the examples are few. They can occur when we make a combined bet on two incompatible markets in the same event, for instance, “Both score and -1.5 goals” using the Create Bet function, when a team is not well identified or if a competition such as It happens in the tennis masters when a substitute tennis player appears taking the place of one who has lost.

Fees In Odds

Beyond suspensions and postponements, we can find that the bookie itself cancels the bet. Many times, they are due to their problems in the fees, some more striking than others. We try to bet, taking advantage of the value it offers us, but they cancel the bet before the event is played. We can also find bookies that recalculate the odds, which can be worse for the user since they do not find much value in the bet. That is why it is essential, when we can, to indicate that we do not accept changes in the low fee.

We cannot ignore that we accept a series of terms and conditions when we register with a betting site, including voiding and cancellations of bets. We never read the information, but we accept that the betting companies can operate in the way they think best.

We may even find that they cancel a bet that was already paid, and we will not be able to do anything against it. So, we should inform ourselves about how the bookie acts in certain situations before starting to bet.