Void Bet

What is a Void Bet?

The vast majority of sports bets placed result in one of two outcomes; the bettor wins or the bettor loses. In some cases, such as a draw no bet, the bet is structured in such a way that a specific result will lead to the stake being returned to the bettor, and this is also the case when a bet is declared void.

How is a Void Bet Used in Sports Betting?

Void bets are relatively rare and it’s perfectly possible to spend many years enjoying sports betting without ever experiencing one. A void bet means that, due to specific circumstances, the bet has to be cancelled and the stake returned to the bettor, with nothing being won or lost. The reason why a bat has been voided is likely to be included in the list below:

An even has been postponed – if a sporting event has to be postponed due to unforeseen events such as bad weather, then bets placed on that event will be declared void.

Injury – a late injury may prevent a participant taking place in an event, whether that participant is a golfer, tennis player, footballer or horse. In this case, bets on that participant will be declared void, although there are some exceptions to this rule such as ante-post bets and certain special bets.

Palpable Error – this type of void is particularly harsh on bettors as it involves the bookmaker themselves making a mistake, such as keeping in-play betting open after an event has finished or simply publishing the odds incorrectly.

Change in Circumstances – although the rules differ from sport to sport, certain bets may be voided if the circumstances under which the event is being held change. The most common of these is probably a cricket match not meeting the minimum number of overs, thus rendering bets such as highest opening partnership void.   

The precise details of void bets will vary from sport to sport and across different bookmakers. Therefore it’s important to make sure that you know when a bet will be voided when placing it. Certain bookmakers will void bets on tennis matches if a player withdraws with an injury, for example, while others will deem the injured player to have lost. It’s also the case that some bookmakers who offer introductory free bets don’t return the free bet if the bet becomes void.

See Also:

Multiple Bets

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