What does void mean in betting?

For the uninitiated, void means that an online sportsbook deducts money from your account when your wager loses. It’s most often used in the case of progressive sports betting. For instance, if you bet $30 on a team to cover the spread, but they lose the game by 20 points, then the bookmaker will deduct the $30 from your account, plus any accrued interest.

What is void mean in betting?

The void is the part of the bet that neither party receives any payout on. The void can occur if the event does not take place. If a bet is placed on a horse that never runs in a race, the void will be realized. If a game is canceled before it begins, the void will also be realized. If the bettor wins the game, the payout will be added back to the original stake, but there will be no winnings.

What does void mean in betting odds?

A void is a term used to describe the outcome of a wager that neither the casino or the bettor wins. This type of wager is most commonly used for sports betting. If you make a bet on a team to win a certain game, and that team loses, then the house takes a small portion of the initial bet to offset the potential loss. However, if a bettor places a bet on a team to win the game and the game ends in a tie, the house will

What does void mean in a betting system?

To void a bet means to cancel it. When you void a wager, the credit or payout is returned to your account; the original funds invested are not returned. This is different from a refund. A refund is the amount of money you initially invested plus any accrued interest. If you bet your limit on a single number in roulette, and the ball lands on that number, then you will get a refund. If you bet $100 on a 2 to 1 payout on all numbers except 20

What does void mean in a betting trade?

A void is the result of a lost bet on your part. If you place a bet and the outcome is in the favor of the house, it will credit your account with the amount that you lost. If the opposite happens, the bookmaker will deduct the amount that you lost from your account. This is the most common type of void.