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In sporting terms a tied match is one in which both competitors – either team or individual – end the match with the same number of points and none is declared the winner. There are certain sports in which a tied match is impossible, such as tennis and boxing, or others, such as snooker, which are generally played in knockout formats, meaning that some kind of tie-breaker will be used. In sports like cricket or football, however, tied matches can be fairly common, so it is important to know how these are treated in sports betting.
It is possible to bet on a tied match being the result. If you think that two football teams are evenly matched, for example, you might bet on a tie which, in football, is usually known as a draw. In this case, even if the match is a knockout match and will be decided by extra time and penalties, the result at the end of 90 minutes is generally the one which is used for betting purposes. If a bettor bets on either team to win then a tied match will result in the bet being lost.
In some circumstances bookmakers don’t offer odds on tied matches, and in cases such as this a tied result will be paid out under dead heat rules. This means that the original amount wagered on each of the tied competitors will be halved, and bets made out on the basis of this halved amount being bet on the original odds. In the majority of cricket matches, the competition in question will have rules for declaring a winner in the event of a tie – whether this is decided via a bowl off, super over or simply the team which lost the least wickets. In these cases bets will be paid on the team which is ultimately declared the winner.
If two or more players finish with the same score in a golf tournament, and there is no mechanism for deciding a winner, bets will be paid out under the dead heat rules outlined above.