Sportsbook Main Wagering Rules
With the enormous amount of events to bet on at the Sportbet, it's important to understand that each sport can be unique when it comes to wagering. The following highlights wagering rules for the particular sports available to bet on at the Sportsbook Main.
The minimum sports wager amount is $0.50 on the true amount (lower amount between risk & win). Sportbet reserves the right to reduce or exceed these limits at any time on any wager.
The maximum payout on a parlay, teaser, IF wager, or RIF chain is $500,000. With prior approval, accounts may be tagged for unlimited parlay payouts on all selections. By choosing this option, the account will not be eligible for any bonuses.
Proposition bets must have all participants involved in wager play for action. Routine starting players must start the game for action.
Special propositional wagering offerings available for events or shows, not related to statistics in game logs, related to the Superbowl, NBA Championship, World Series, or any other sporting or non-sporting major event will be graded upon Management's discretion based on digital recordings made of live television broadcasts.
Any wagering matchup listed with erroneous wording that makes it possible for neither option to win, will be automatically graded no action. Matchup lines in which both options can be winners simultaneously will be graded no action as well.
Non-runners in match-ups between a player and "the field" in any tournament will be graded no action unless otherwise specified.
Immediately upon discovery, wagers placed on an event with an obvious erroneous line resulting from human error will be graded no action or voided. It is the sole discretion of Sportbet’s Management regarding the partial/complete voiding of parlays, teasers, and IF wagers when a play includes a selection with a line error. Line errors include (but are not limited to) backwards lines, price errors; typos, misspellings or incorrect wordings that affect the essence of the line intended; incorrect team/players listed in match ups, etc.
If a wager with an erroneous line is not voided before the game/play begins, Management reserves the right to remedy the odds to a fair market price which would have been available at the time the wager was placed. This price remedy may be applied during or after an event. Only the odds will be corrected on an erroneous line. The risk amount, applicable spread and total will always remain unchanged. A player will never benefit from betting on a clear erroneous line. Repeat offenders will not be tolerated.
At managerial discretion, correlated plays will be voided or split into separate straight wagers with the risk amount divided equally. Plays on correlated events include: multiple selections on the same team/player in the same event, multiple selections against the same team/player in the same event, or any other combination where one event directly affects further selections in the play, including Live In-Play wagers. Players will never be given the benefit if there is any doubt regarding intentions of correlated plays and winnings will be voided. No warnings will be given.
A selection made after an event begins based on occurrences that have developed while in-play, is considered a "past-post", and will be handled as blatant theft. This applies for all regular game lines or when play resumes in live wagering. All events intended for in-play offering will be noted as such on the wagering option.
Only points scored AFTER half-time count on 2nd half wagers.
All team sporting events must be played on the dates scheduled unless otherwise specified. If an event is suspended/abandoned, postponed and/or rescheduled, that event will automatically become NO ACTION.
Kickoff dates and times displayed on our website are a reference only and are not guaranteed to be accurate. Starting times of the events available for wagering are listed in US Eastern Time (ET).
If the venue for a sporting event, other than boxing/MMA, is changed, all wagers placed based on the original venue will be voided and stakes refunded.
Tennis, golf, boxing, and auto racing must be completed within one week of the scheduled event date to have action (unless otherwise noted).
Regardless of team name changes or relocation, all teams have action in futures wagers.
The winner of an event or game will be determined on the date of the event or game's conclusion according to house rules. portbet does not recognize suspended games, protests, overturned decisions, etc., for wagering purposes.
Total season wins are graded for each team on the date the outcome has been determined. If a team does not play all scheduled games, and those games could make a difference in the outcome, then the selection is "no action".
The home team is listed as the bottom team unless otherwise specified. Neutral site games may have the teams listed in any random order. Switching of teams in the listings is no grounds for the voiding of any selections.
If an account reaches a negative balance due to the re-grade of an event, all in-progress pending wagers will stand and be honored. Since winning wagers in this instance will be honored, immediate settlement of losing wagers is also expected.
Customers are responsible for settling all negative accounts. "Ignorance", "I wouldn't have made that last bet if I knew my balance would have been negative", or "It's not my fault the wager was graded wrong", will not be accepted as excuses for non-settlement of negative balances.
Sportbet reserves the right to void any bets which are not in progress, retroactively from the last wager entered, until a player balance is no longer negative. Players will be notified via e-mail prior to an event starting of any such decisions.
Limits on each wagering option are reset within a few minutes of a wager being posted. Limits also reset immediately when the line on the selection has moved. Management reserves the right to refuse or limit any wager. Use of multiple accounts to circumvent online limits is prohibited.
In a "dead heat", two or more competitors are joint winners in a race or contest. For wagering purposes, the wagered amount on a selection is divided by the number of competitors involved in the dead heat (divided stake) and multiplied by the number of paying positions in question. The divided stake gets paid the full odds of the original selection. The remainder of the stake is a loser.
|Dead Heat Example:
Straight Bet selected on Ogivly TOP 10 +350, for $100.
Scenario #1: Two golfers - including Ogivly - tie for 10th place
The risk amount ($100) is divided by 2 as there are only 2 golfers sharing one same paying position (10th place). In this case, half of the stake ($50) gets paid full odds, and the other half ($50 as well) is lost. $50 on Ogivly +350 wins $175, for a total credit of $225. A bet on any other golfer for TOP 10 that is not tied in 10th place, but yet a winner, will pay full odds for the whole amount wagered.
Scenario #2: Five golfers – including Ogivly – tie for 10th place.
The risk amount ($100) is divided by the number of competitors involved in the “dead heat” (5 golfers) = $20 (divided stake) and multiplied by the number of paying positions (there is only one paying position as it is the last place in which 5 golfers are tied). The remainder $80 of the risk amount are lost.
The divided stake gets paid full odds of the wager as if originally the bet was only for $20. $20 on Ogivly +350 pays $70 to win, for a total credit of $90.
A bet on any other golfer for TOP 10 that is not tied in 10th place, but yet a winner, will pay full odds for the whole amount wagered.
Scenario #3: Five golfers – including Ogivly – tie for 8th place.
The risk amount ($100) is divided by the number of competitors involved in the “dead heat” (5 golfers) = $20 (divided stake) and multiplied by the number of paying positions (3: 8th, 9th & 10th) = $60. The wager amount to be paid at full odds is $60. The remainder $40 of the risk amount are lost.
$60 on Ogivly +350 pays $210 to win, for a total credit of $270.
A bet on any other golfer for TOP 10 that is not tied in 8th place, but yet a winner, will pay full odds for the whole amount wagered.
You must be at least 18 years old to set up an account, place bets, or collect winnings.
By placing a wager using Sportbet Internet software, the customer agrees to all of the rules and polices posted on this Website.
All rules, regulations, and payoffs contained herein are subject to change and revision by Sportbet without prior notice. Standard Las Vegas rules apply to any rule or wager not covered by the rules and regulations herein.