Bookmakers have surely become a part of our life: a number of people who would like to try their fortune without relying on blind chances, but because of their knowledge of sports and intuition is increasing.
Are you a new player? Then, before you start betting, you should thoroughly learn the rules and terms of the bookmaker you would like to bet on. The betting odds reflect the expectation of the outcome of the event. Odds may change over time, but the bookmaker makes payouts based on the odds they set at the time of play.
Sports betting houses offer their odds in traditional, American and decimal formats. The equiprobable event (without the margin) is given in decimal format with odds of 2.0 (the payout is calculated by multiplying the bet by the odds), in traditional format with odds of 1 (even odds) and in American format with odds of 100 ( how much you need to bet to win 100). Our players got used to the decimal odds with which they are well familiar.
Each bookmaker has its own payment rules in case the event does not take place.
So, if the event is cancelled, most bookmakers make payouts with odds of 1.0, i.e. they make a refund.
You can also get a refund if there is an obvious error in the fee calculations. That is a very tricky time, as inexperienced players often lose their money in a situation like this, as they bet with false odds in the hope of getting a payout while also trumping another outcome. In no way would I advise you to do that. But everyone makes their own choice and it often happens when the bookies also make their payments by betting with obviously false odds.
The general rules are similar for different bookmakers, but there is a different approach for some types of sports like baseball, hockey, tennis, etc. Therefore, in baseball, when a game lasts less than 9 innings, bookmakers may consider the game played based on the results of the first 4.5 or first 5 innings. A starting pitcher is often substituted in baseball, so the odds calculation rules are different for different bookmakers in this case. The Rules differ greatly for tennis betting if one of the players is injured and refuses to continue play. Different bookmakers can calculate both the refund of the bet and announce the player who qualified for the next round as the winner. Both a played service and a complete set can be the necessary condition for the calculation of bets.
There are discrepancies in bookmaker rules regarding playing time (overtime or penalty shootouts) in basketball and hockey.
You should also pay attention to the handicap calculation rules. Therefore, our bookmakers calculate the winner’s bet with a handicap of -1 if the game ends with a result of 1-0 with probability 1 (refund of bets), and most foreign bookmakers will result in a loss.
The examples given are only a part of the situations that you may encounter when betting with different bookmakers.
Therefore, you should take into account one main rule for yourself – you need to start betting at the bookmaker by thoroughly studying its terms and rules.
Good luck!