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Trading Risks Associated with Some Sportsbooks | 12 Nov 2020

Trading Risks Associated with Some Sportsbooks

Last updated on December 24th, 2021


Betting, in general, has different risk-factors, that is why we always advise new bettors to wager only their bankroll and have enough research before placing any bets. 

 

If you’re already a long-term bettor, you might notice that some sportsbooks are known to void bets in some scenarios such as pre-game, in-running, or after a sporting event; we also call these abnormal bets.

 

Having your bets voided can be annoying and these are only examples of risks involved in sports betting that you may encounter whether you are a newbie or an expert.

 

 

Void bets and abnormal bets occur on a case-by-case basis. For example, you placed a bet on Singbet sportsbook betting platform and it got canceled based on their assessment that it might have violated some of their rules or they think it’s invalid.

 

Some bookmakers in the United Kingdom, like other European countries, deter winning punters from their books by restricting their bet limits, while some Asian bookmakers choose to do so by canceling winning bets themselves.

 

Any kind of bet can be voided or invalid depending on the sportsbook and the situation. Risks also vary when bet is made pre-game or in-running.

 

Void or abnormal bet also means that your stake will be returned to your account by the sportsbook, so technically, you won’t win any money but you won’t lose it either.

 

VOdds values its customers and we want you to be informed about the certain risks involved in trading and how you can manage them. To arrange your sportsbooks preferences based on the risk-level you’re willing to take, simply go to your account and select the books that you want to trade with.

 

 

Some books are known to mark bets as abnormal, depending on their own rules and regulations. As a sports trading platform, our experts have observed some of our partner bookmakers and their practices in voiding bets.

 

Although bets are placed via VOdds, we are not responsible for the refund/payment of any abnormal bets since we are a sportsbook aggregator, just like a betting broker.

 

An aggregator or a bet broker acts as a middleman and we are only here to help you access multiple bookmakers in a single-wallet platform.

 

The bookies are the ones to refund your void bets based on their individual terms and conditions.

 

VOdds Partner Bookmakers

 

Based on our data, if you want to be on the safer side and enjoy the same price competitiveness but without getting your bets voided, we suggest dealing with Matchbook, PIN88, ISN, SBC, Betfair, and GA288. These sportsbooks neither classify bets as abnormal nor do they void bets.

 

If you want to take advantage of the high odds and liquidity that Crown (Singbet) sportsbook software and WLG provide, you may do so at your own risk. For pre-game bets, it is noticed that Singbet targets bets whose odds have dropped significantly. 

 

If you want to know how to bet on Singbet from the UK without experiencing these issues, you can get direct access from VOdds.

 

For in-running bets, their practice is to void the bets after the match, after results are already known. Meanwhile, WLG has a history of voiding bets, and sometimes it is voided days after the bet has been graded as a win.

 

On the other hand, Shibo and SBOBET have high risks of voiding bets after a sporting event has concluded.

 

It is observed that only winning bets are voided and it is done after the match results are finalized. Both sportsbooks are also very high risk on pre-game and in-running voiding of bets so you might want to take extra caution.

 

Information from this article is based on recent month’s data and accurate as of 12 November 2020. We will be posting blogs regularly for the awareness of our dear clients.

 

So, if you want to adjust your Sportsbook Preferences based on the risk level you’re willing to take, head over to your VOdds account today! Feel free to sign up if you don’t have an account yet.

 

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