What is Terms and Conditions?
The terms and conditions of a bookmaker or specific bet are the general rules set by the operator that need to be followed in order for a punter’s bet to receive a pay out if the bet is successful.
The terms and conditions are the building blocks a bookmaker uses to build bets and come in many forms. They also specify situations in which a bookmaker can declare a bet void, or set out when a bonus is applicable or not.
There are general terms and conditions for using a sportsbook and specific terms and conditions for special offers housed inside a bookmaker’s platform.
Following these set guidelines are a must in order to ensure you qualify for your winning bet or bonus, as this also protects the punter as well as the bookmaker in case of a dispute.
How is Terms and Conditions used in Sports Betting?
The terms and conditions of a bookmaker (and especially when placing a bet) are something it is highly recommended to take note of as this may sway your mind into whether choosing a bookmaker or not.
When it comes to a receiving a new customer offer from a bookmaker – such as a no deposit offer – there will be terms and conditions attached to it. There are often wagering requirements before the punter can be awarded the ‘free cash’.
These wagering requirements often take the form as bets that must be played through a certain amount of times and at odds of 1.80 or higher (for example).
Once these terms and conditions have successfully been completed, then the offer can be classed as a winner.
Did you know…
In 2017, a well-known sports bookmaker was taken to court after refusing to pay out a whopping £1m prize to a 19-year-old punter who bet £25,000 on 12 horses in four random races.
The bookmaker refused to pay out as it believed the money used to make the bet was supplied by a third-party and is a clear breach of their ‘third party’ terms and conditions rule.