What You Need to Know About Official Betting

official betting

Official betting is settled based on the final result of the game as outlined by the official governing bodies. Any amendments that are made after the initial results will not affect outright/tournament winner markets. Similarly, player props that require the participant to take the court will only payout if they do so.

Any games that are postponed will see all bets voided unless they’re rescheduled within 24 hours. However, if the rescheduled time is not within 24 hours, any markets that have already been settled will stand. The same applies for matches that have been abandoned before the full 90 minutes have been played. However, first goalscorer bets will stand if the player in question has scored before the abandonment of the match.

For outright and tournament win markets, the team in possession of the trophy at the end of a competition will be paid out. This will apply for any markets that include two or more teams. All players must start the game in order for single bets to stand, unless otherwise stated.

Sportsbooks are run by humans, and it’s inevitable that mistakes will sometimes be made. In these instances, if it’s clear that the mistake was made in good faith (for example, an incorrect line or scheduled time), bettors will have their wagers credited accordingly. If the mistake was in an attempt to defraud the sportsbook, however, then the bet will be void. Depending on the circumstances, the sportsbook may also revoke winnings, withhold funds and remove both accounts from the site.