What Happens if a Team Forfeits a Sports Bet?
Contents
If you’ve ever wondered what happens if a team forfeits a bet, you’re not alone. It’s a question that comes up often, especially in the world of sports betting. Here’s a quick rundown of what happens if a team forfeits a bet.
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Introduction
A sporting event bet is void if the match is abandoned before full-time, unless the market was unconditionally determined. This means that stakes are returned to punters, and they are not considered winners or losers. The same applies to horse racing, with the exception of bets on a horse to place.
What is a Forfeit?
A forfeit is a situation where a team is forced to abandon a match or game before it has finished, usually because they have broken a rule or regulation. In most cases, the team that has forfeited will also lose the bet.
What Happens if You Forfeit a Bet?
If you make a bet and then decide to forfeit, or give up, the bet, there are a few things that could happen. Depending on the terms of the bet and theSportsbook’s policies, you may:
– Be refunded your original bet amount
– Have your bet voided and be refunded your original bet amount
– Have your bet stand and lose
There are a few other possibilities as well, but these are the most common outcomes of forfeiting a sports bet. In general, if you forfeited because you no longer think your team will win, then you will likely lose your bet. However, if you have a valid reason for forfeiting (e.g., your team suffered an injury that will prevent them from winning), then you may be refunded your original bet amount.
It’s always best to check with the Sportsbook before making a bet to find out their policy on forfeits. That way, you’ll know what to expect if you need to forfeit your bet for any reason.
What Happens if the Other Team Forfeits?
The short answer is that the bettor wins the bet, and the sportsbook keeps the vigorish or juice. In other words, if you bet $110 to win $100 on one team, and the other team forfeits, you win your bet and get $210 back—your original $110 stake plus your winnings of $100.
Technically, a forfeiture voids all bets on the game in question. However, sportsbooks will often allow bets to stand if they have already been graded and paid out. For example, if you bet on the New England Patriots -7 in a game against the Miami Dolphins, and the Patriots win by 21 points, your bet is a winner regardless of whether or not the Dolphins forfeit.
Conclusion
It is important to remember that sports betting is a legal activity. If a team forfeits a bet, the sportsbook is not required to pay out the winnings. However, the sportsbook may choose to do so at their discretion.
