We all know that sports betting can be a bit of a gamble. But what happens when the game you’ve bet on ends in a tie? Read on to find out!
Checkout this video:
In sports betting, a tie is a situation in which neither the bettor nor the bookmaker wins or loses money. This can happen if the two sides cancel each other out, or if the event they are betting on ends up being a draw.
What Happens in a Tie in Sports Betting?
In the world of sports betting, there are a lot of different ways that you can bet on a game. You can bet on the spread, the moneyline, and even the total. However, one thing that you may not have considered is what happens in the event of a tie.
The Different Types of Ties
There are three different types of ties that can occur in sports betting: the push, the half-win, and the full-win.
A push is when both sides finish with the same number of points, goals, or runs. This type of tie is the most common, and it usually results in all bets being refunded.
A half-win is when one side finishes with more points, goals, or runs than the other side, but not enough to cover the spread. In this case, only those who bet on the winning team will receive any winnings; those who bet on the losing team will lose their entire bet.
A full-win is when one side finishes with enough points, goals, or runs to cover the spread. In this case, those who bet on the winning team will receive their winnings plus any bonuses that may be associated with betting on a winner; those who bet on the losing team will lose their entire bet.
What Happens if There is a Tie in the Point Spread?
If there is a tie in the point spread, it is considered a “push” and all bets on either team are returned to the bettors. For example, let’s say that the New England Patriots are playing the Miami Dolphins and the point spread is Pats -3. If the Patriots win by exactly 3 points, then it is considered a push and all bets on either team are returned.
What Happens if There is a Tie in the Moneyline?
If a contest has a moneyline, bettors will wager on one team winning outright. In the case of a tie, all moneyline wagers will push. Pushes are when the bettor gets their money back that they wagered on the initial line. While this may not seem like much, it can add up over the course of a season if there are a lot of ties.
What Happens if There is a Tie in the Total?
In the case of a tie in the total, bettors will have their wagers returned to them. This is known as a push, and it effectively cancels out the bet. In some cases, online sportsbooks will offer what is known as Reduced Juice. This means that if there is a tie, bettors will only have to pay half of the vigorish, or juice.
In conclusion, a tie in sports betting is not as common as a win or a loss. However, it does happen and when it does, there are usually specific rules in place to determine what happens next. It is important to be aware of these rules before placing a bet so that you know what to expect if a tie does occur.