Definition of Void Bet
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What does the term "void bet" mean in the world of sports betting? What is the definition of the term "void bet"?
In sports betting, a "void bet" means that a bet will no longer pay out and you will get your original wager returned to you.
For instance - let's say that you bet on the New York Yankees to beat the Seattle Mariners. "King" Felix Hernandez is scheduled to pitch for the Mariners, which means that you are getting very good odds on the Yankees to win (thanks to Hernandez being such a dominant pitcher).
You've probably noticed with baseball bets that there will be a disclaimer that says something like this:
"Listed starting pitchers must start for bet to have action"
Let's say that Felix Hernandez breaks his arm before the game. He obviously won't be able to pitch. In this case, the bet would be voided and you would have your original wager returned to you.
A bet can be voided for a number of different reasons, including:
1) Listed starting pitcher in baseball does not start
2) Game is cancelled or postponed