The amount that you win or lose on a moneyline bet is set by the plus or minus sign and the number that is attached to it. Let’s start with the times that we are the underdogs. As we already know, when we are the underdogs we are going to get paid more than a standard even bet. If you’ve ever bet with friends, you probably. Online Gambling Laws Are Complicated. Online gambling isn’t exactly legal everywhere, but it isn’t. And depending on the terms of each wager, you could get paid or lose your money when one or more bouts end as draws. If you combine four or more draws no bet wagers into one, you get paid when all your backed boxers win. If one boxer losses, the bet is counted as a loss for you.
Betting slips are an important part of online betting. They are a buffer between you picking out your selections and the bookmaker taking your money. Basically, it acts as a shopping cart for your bets and provides an important pause between selecting and striking bets.
This is what happens when you lose a bet at Auburn PT. A pie to the face!
What is a bet slip?
In the traditional method of betting before the advent of online betting, you would walk into a high street store, grab a betting slip which is a small piece of paper (similar concept to the one shown above), scribble in your selection and hand it over to the cashier. That of course still happens today as high street betting is still going strong.
The online version of the betting slip is the same thing. Only you will be clicking selections and it does fancier things like calculate returns and allows you easy access to other betting options like the creation of multiples.
If you are a new customer and prefer online over in-store betting, the most popular bookmaker is Bet365. Remember to use a bonus code when signing up for free bet credits. Typically, shops do not offer new customer offers.
How to fill out a betting slip
- Browse through the Sportsbook to find the selection that you want.
In this instance, at Ladbrokes, we back Tottenham at 3/1 to beat Liverpool.
- Once you click the selection, it is added to the betting slip.
- The stake is entered and immediately the potential returns are calculated right there on the betting slip.
- All that is left to do is then place the bet.
Adding more than one selection on a betting slip
On a betting slip when you add more than oneselection, you will see new options appear. These are multiples and you canconfigure your selections for which you want to include in the multiple.
How to check for a winning bet slip
You can check most settled bets right on abetting slip at an online bookmaker. You will be able to see which bets havedrawn to a conclusion, as well as any open bets that are still pending.
Thanks to technology you really don’t have todo anything with regards to checking to see if you’ve won. If you have won thenyou automatically see that once the bet has been settled the funds will be inyour account and ready to go.
Some bookmakers will have a dedicated section for wins as well. If you are doing this on the High Street then you can either check the result on whatever you have bet on against your slip. You can also just ask the cashier to check it as well.
What is the bet slip reference number for?
This is for security and well, referencereally. If you need to contact customer support over any kind of dispute, thenyou will use the reference number. It’s basically a record of an individualbet.
What happens if you lost your betting slip?
If you have done a physical betting slip in aHigh Street store and then you find it has disappeared into the black hole downthe back of the couch, then you would naturally panic. However, you should becovered.
You would have to go back to the shop anddiscuss things with a cashier or a manager. You are likely going to have tofill out a Lost Slip form and on this, you will have to re-write the bet sothat they compare handwriting with the copy of the original wager that theywill have. You will also have to provide personal details like name and addressas well as providing some form of picture identification.
The best bet is to simply go back to the store and ask. This is actually where things are much easier online. You will have a clear record that you can see in your account. There are no physical betting slips to actually lose.
How long is a betting slip valid for?
This is something that you are going to needto ask the individual operator about. Note that there will be a time limitwhere it’s 30 days, 60 or 90 or even a year. However, it’s not uncommon at allfor bookmakers to honour expired bets. Basically, just ask. Again a benefit ofonline betting is that this wouldn’t be an issue as they are settledautomatically.
Are there different betting slips for horse racing and football?
If you walk into a High Street betting storethen you will grab a blank slip and you can fill out whatever bet from whateversport that you want on it. There are, however, dedicated betting slips forfootball and horse racing that are designed to make things quicker and easier.
You will be able to grab a specific slip for say the World Cup Final with options like goalscorer and score betting all printed on there. Online, the betting slip at the operator is exactly the same no matter what you pick from what sport. You can combine multiple sports on one bet.
Check out our other beginner guides to learn more about betting.
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Wondering what a push is and how it will affect your sports bets? Quite simply, a push is what happens to your bet when the event you wager on results in a tie.
As bettors or competitors, we build up wins and dread losses. We’re all familiar with creeds such as “the thrill of victory and agony of defeat.” You’ve probably heard that “winning isn’t everything, it’s the only thing.”
But sometimes, sporting events are neither a win nor a loss. Overtime and shootouts have minimized the number of ties in many sports, but sometimes things still end in a draw. So, how do sportsbooks deal with these situations?
In this guide you’ll learn:
- The definition of a push
- How sportsbooks deal with ties
- Ways to avoid pushes
And the Winner Is…Nobody!
Pushes happen in sports betting relatively frequently.
Say you’re betting on the NFL point spread in a match up between the Dallas Cowboys and New York Giants, and the spread is set at +/-3. Whether you bet on the Cowboys -3 or the Giants +3, there is a distinct possibility of the game ending at 17-14, 20-17, or 24-21 Dallas. Each of those scores result in a push.
Totals also result in pushes with some frequency. If the Dodgers and Nationals are playing with Clayton Kershaw and Max Scherzer on the mound, the over/under might be six. A 4-2 LA win is a victory for the Dodgers, but a push regardless of whether you had the over or under.
There are some exceptions, but most sportsbooks will take the same approach when faced with a push.
Your Bet Is a Push, Now What?
Straight wagers (also known as single bets) that result in a push are refunded. Simple and to the point, regardless of juice, if you have the Buccaneers +7 at New Orleans and the Saints win 28-21, both sides get their cash back.
If the total on Tampa Bay and New Orleans is 49, both over and under are a push and bettors who took either side will be refunded.
Moneyline bets push in the case of an actual tie. If the Patriots are -250 against Jets while New York is +240, should the teams play to a 20-20 draw, both bets are refunded.
Things get slightly more complicated when parlays and teasers are involved.
How Sportsbooks Deal with Ties in Multi-Event Wagers
Bettors can get 6/1 odds if they win a three team parlay and 12/1 for a four teamer. What happens if you win three legs of a four team wager, but the fourth bet pushes?
Most sportsbooks will simply remove any ties from a parlay or teaser and pay the bet out as if it was a multi event wager with one fewer leg. So a four team parlay with three winners and a push will pay out the same as a winning three team parlay. While you were aiming for 12/1 odds, you receive 6/1 with the push dropped from the bet.
While this policy seems like the fair and equitable way of dealing with ties, some sportsbooks treat ties included in parlays and teasers as losing bets. This is particularly common on parlay cards produced early in the week that remain available for betting all the way up to kickoff on Saturday or Sunday.
The bottom line is that you should always read the small print. Know exactly how your sportsbook deals with pushes before you place a bet.
Of course, you’re more likely to be faced with a push in your parlay if you include a higher number of legs in the wager. A 10 team parlay has 10 chances for a push, whereas a two team parlay involves only two games that could possibly tie.
What Happens When You Lose A Bet Winner
What Do You Get Out of a Push?
If you’re always in it to win it, it is possible to avoid pushes completely. If you spent time to watch a long sporting event and put a few bucks down, it can feel like a waste to get refunded if the game ends in a tie. On the flip side, a tie certainly beats a loss if you are a high volume better primarily concerned with ROI.
The easiest way to avoid pushes is to bet on spreads that include a half point, also known as a hook. There will never be a push with a 2.5 or 3.5 spread or a total of 47.5. If you can’t find a spread or total with a hook, you can usually buy a half point. You might pay a small price in juice, but it usually makes sense to take -125 to get -2.5 instead of -110 when laying three.
While moneyline bets occasionally push, it doesn’t happen a lot. There are no ties in the NBA, NHL, or MLB these days. The NFL had one tie last year, two in 2018, and none in 2017. The chances of a push when playing the moneyline in major sports is very small.
Finally some sports, particularly soccer, offer three way betting. You can bet on either team to win or on a tie. Just remember that if you pick a team to win on a three way moneyline, a push will result in a loss rather than a refund.
Go for the Win, Settle for the Push
In the end, a push is not a bad result. It gives you a free data point to consider and learn from. Of course, that only holds true if your sportsbook refunds your bet in the case of a push. Read the terms and conditions carefully before placing any wagers.
Knowing is the key to success when betting on sports. You can find all the basic info you need to get started on the right foot in our sports betting 101 guides.