All your research, all the hours spent pouring over stats and forms – up in smoke! Your surefire bet has been downgraded to a ‘maybe not’ when the event you were counting on is canceled or postponed.
What happens, then? How does it affect that carefully crafted punt of yours? We explain here so that you aren’t left confused. Instead, you can focus on finding new winning bets.
Betting can be an unpredictable business, and unfortunately, it gets even more confusing when events are postponed or canceled. Depending on the sport in question, different betting sites will have varying rules for what happens to a bet if this occurs – some may return your original stake, while others may issue new odds altogether. With no one-size-fits-all answer, navigating these questions takes careful consideration of the situation at hand!
Postponed Event – Bet Stands
A postponed event doesn’t have to mean the end of your wager! As long as it is rescheduled shortly, such as within a few days or even a week, most bets will stay intact with their original chances and conditions transferred onto the new date. So don’t worry – you can still place that bet on your favorite all-stars playing each other later this month, come rain or shine (or postponement!).
When it comes to rescheduled sporting events, the rules for bets placed can vary depending on the sport and bookmaker. To determine what happens with your wager in such cases, take a look at any postponement guidelines listed by your chosen bookie. Alternatively, you could contact their support team directly to find out if they will honor or void that bet!
Postponed/Canceled Event – Bet Void
Placing a bet can often be an exciting way to be a part of the sporting ritual and to show your support for your favorite team or athlete. But what happens if something goes wrong, like a cancelled event or game?
Wagers made on such an event are generally considered void bets, meaning that you will get your original stake money back rather than suffering any loss. At the same time, you won’t gain anything from that bet since the wager is considered null and void.
What If There Is A Change Of Venue?
Postponements are a common feature of many sports, and as a result, all bookmakers must have certain rules in place to manage unplayed or incomplete games. Generally, bets placed on postponed matches will be carried across to the revised time or date on which it is rescheduled to take place.
However, with postponements, there can be limitations for how long these rules apply, typically up to 72 hours after the original start time of the match. So if the game isn’t played within that period and neither settled nor canceled, all bets will be considered void with no winnings paid out by the bookmaker.
What You Can Do To Minimize The Impacts Of Postponement, Cancellation, and Venue Change On Your Bets
When betting on the NFL, the potential for postponement, cancellation, or venue change is always present. For instance, a change of venue, postponement, or cancellation in an NFL match will influence NFL bets, just like it is in other sports. While you can’t totally eliminate the risk of disruption, there are a few things you can do to minimize its impact.
First and foremost, ensure that you have read and understand the specific rules of your betting site so that you are aware of how they handle these kinds of situations when they arise.
Familiarize yourself with alternative betting markets before placing a bet in case where and/or when your chosen event changes time or location. Knowing and understanding alternative leagues and bet types gives you more versatility should you need to shift venues due to unforeseen circumstances.
Finally, set realistic expectations – even in an ideal situation, there will always be some degree of uncertainty involved in sports betting that can’t be predicted or avoided. Keep this in mind, accept it as part of the process, and allow yourself enough flexibility when making decisions about bets for maximum success over time.
