What is a void bet? What happens when a bet is void in a parlay

In the world of betting and gambling, the term “void bet” has become popular and is an integral part of the game. However, until you really understand what it means and how it works, participating in a match or game can become riskier than expected. So, What is a void bet? And why is it important in the world of betting? Let’s find out with premiumsoccertips.net through the article below!

What is a void bet?

In other words, a void bet is a bet that has been canceled. This can happen for various reasons. Some common scenarios include: the game is not completed, or the game has not ended with enough time to take action.

Most of the bets you place online will follow the usual process and proceed smoothly; however, something unusual may occasionally occur, leaving you puzzled about how your bet will be settled or why it is being graded in a certain way. Bets may be voided for several reasons, and we’ll examine some of these reasons as well as how they affect any bets you’ve placed, particularly accumulators or multiples.

But first, let’s define what a void bet is. A void bet is a bet that is effectively canceled, rendered void as if it had never been placed in the first place, and although you won’t win anything, your stake will be fully refunded to your account.

An exception may occur if the initial bet was made with bonus money or a free bet. Technically, you may lose the free bet stake if it’s voided, but contacting the betting company may lead to the restoration of your bonus money or free bet. Similarly, a void bet will not count towards qualifying bets for free bets or as part of the wagering requirements for promotions stipulating such.

Why can bets be void?

As mentioned earlier, bets may be voided for various reasons, and although the list below is not exhaustive, it encompasses most of the cases that may occur.

• Match/Event Postponement: Whether it’s football, golf, or horse racing, there’s always the possibility of an event you’ve bet on being postponed to a later date. The likely cause of this may be adverse weather conditions, with courses, pitches, and fields being waterlogged or frozen, particularly in the winter.
• Event Abandonment: This scenario is less common but similarly, when a competition starts but doesn’t reach completion. Weather once again is a common culprit, but other explanations could include crowd issues or a team having too many injured or sent-off players to continue playing.
• Non-runner/Injury: Especially in horse racing, if your selection withdraws before the race starts, it will be declared a non-runner, and the bet is typically voided, while injuries in sports such as golf, tennis, and boxing can lead to void bets. In football, bets placed on the first goal scorer will be void if your player comes on as a substitute after the first goal has been scored or doesn’t enter the field at all.
• Rule Changes: Bookmakers may void bets according to their own rules if an event is altered in a certain way. The event/match may still continue, but the bets may no longer be valid if, for example, a cricket match is reduced in overs, a tennis match takes place on a different surface, or there’s a change in the pitching lineup in baseball. These regulations will be clearly outlined by the bookmakers in the respective sport’s rules section.
• Errors: Sometimes a betting website may leave a market “live” when it shouldn’t have or incur some other obvious error, and their terms and conditions as well as their rules allow them to void such bets.

Examples of void bets

Considering an event about to take place in various circumstances, a prime example is the 2019 Vertem Futurity Trophy horse race.

The race was initially scheduled for Doncaster on turf, but the ground was waterlogged. As it was a Group 1 race, the organizers decided that the best course of action for the event was to proceed, so it was relocated to Newcastle a week later on their synthetic Tapeta surface.

With the race now having a very different dynamic, bookmakers had a different view on the running field, allowing more participants, and bettors may also have reconsidered their initial choices. Therefore, the initial bets were voided, and a new market was formed.

Some sports are more complex than others. While that example is a straightforward one concerning horse racing, a more intricate instance is the almost-cancelled race at Cheltenham in November 2021.

Only two runners, Gin On Lime and My Drogo, entered the third race. As the pair approached the second to last fence to the final fence, both seemed to fall. This meant there was no result and a void race.

However, it became evident that the jockey of Gin On Lime miraculously kept her feet in the stirrups, avoiding contact with the turf and staying on the horse. This meant she could allow the horse to get up, complete the race, and cross the finish line as the sole finisher.

What happens when a bet is void in a parlay?

In the case of single bets, it’s straightforward that a void bet is void, and you’ll get your stake back, but what happens when a void selection is part of an acca or larger multiple bet? Typically, the void selection is simply ignored, for example, a four-fold acca with one leg voided simply becomes a treble, a treble becomes a double, and a double is just a single.

This, much like with void bets, is quite straightforward, and the only gray area relates to accumulators placed on special enhanced odds markets, for example: if you bet on a “treble or more” voucher and your initial treble then becomes a double. In this case, you would typically be paid at the standard odds for your double, but as with any queries, if in doubt, simply contact the bookmaker for clarification.

Lastly, for bets placed on lucky 15s, lucky 31s, and lucky 63s, these bets will be treated as accumulators. Thus, a truly void branch in a Lucky 31 would become a Lucky 15, with only the single stake and all related stakes returned to your account.

Conclusion

In the betting market, understanding and properly using strategies such as void bets can be the deciding factor between winning and losing. More than just a way to minimize risk, void bets are also an important tool to help players optimize profits and protect their investment. It is important to use it wisely and knowledgeably to ensure that it plays an active role in your betting strategy. Hopefully, through this article, you have learned about What is a void bet and applied to play successfully. Thank you for following our article!

See also: Find out why do odds change in betting?