All You Need to Know About Voided Bets on DraftKings
What is a Voided Bet?
A voided bet is a wager that is canceled and refunded to the bettor. This can happen for a variety of reasons, including:
- The event is canceled or postponed.
- The odds are changed after the bet is placed.
- A player or team is disqualified.
- There is a scoring error.
- The game ends in a tie.
How Do Voided Bets Work on DraftKings?
When a bet is voided on DraftKings, the bettor will receive a refund of their stake. This refund will be credited to the bettor's account balance. The bettor will not receive any winnings from the bet.
When Do Bets Get Voided on DraftKings?
Bets can be voided on DraftKings for a variety of reasons. Some of the most common reasons include:
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The event is canceled or postponed. If the event is canceled or postponed, all bets on the event will be voided.
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The odds are changed after the bet is placed. If the odds are changed after the bet is placed, the bettor has the option to cancel the bet and receive a refund.
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A player or team is disqualified. If a player or team is disqualified, all bets on that player or team will be voided.
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There is a scoring error. If there is a scoring error, the bet will be voided and the bettor will receive a refund.
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The game ends in a tie. If the game ends in a tie, all bets on the game will be voided.
What Happens to My Winnings if My Bet is Voided?
If your bet is voided, you will not receive any winnings from the bet. Your stake will be refunded to your account balance.
How Can I Avoid Voided Bets?
There is no surefire way to avoid voided bets, but there are a few things you can do to reduce your risk:
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Bet on reputable sportsbooks. DraftKings is a reputable sportsbook, so you can be confident that your bets will be processed fairly.
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Read the terms and conditions of the bet before you place it. This will help you understand the rules of the bet and the circumstances under which it may be voided.
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Be aware of the possibility of voided bets. If you are aware of the possibility of voided bets, you can be prepared for them and avoid losing money.
Conclusion
Voided bets are a fact of life for sports bettors. However, by understanding the rules of voided bets and taking steps to avoid them, you can reduce your risk of losing money.
Additional Information
Tables
Table 1: Reasons for Voided Bets on DraftKings
| Reason |
Description |
| Event is canceled or postponed |
The event is canceled or postponed, so all bets on the event are voided. |
| Odds are changed after the bet is placed |
The odds are changed after the bet is placed, so the bettor has the option to cancel the bet and receive a refund. |
| A player or team is disqualified |
A player or team is disqualified, so all bets on that player or team are voided. |
| There is a scoring error |
There is a scoring error, so the bet is voided and the bettor receives a refund. |
| The game ends in a tie |
The game ends in a tie, so all bets on the game are voided. |
Table 2: How to Avoid Voided Bets
| Tip |
Description |
| Bet on reputable sportsbooks |
DraftKings is a reputable sportsbook, so you can be confident that your bets will be processed fairly. |
| Read the terms and conditions of the bet before you place it |
This will help you understand the rules of the bet and the circumstances under which it may be voided. |
| Be aware of the possibility of voided bets |
If you are aware of the possibility of voided bets, you can be prepared for them and avoid losing money. |
Table 3: What Happens if My Bet is Voided?
| Outcome |
Description |
| You will not receive any winnings from the bet |
Your stake will be refunded to your account balance. |
