in sports betting do your odds lock in at the time you place your bet?
say for instance that the yankees are 4 to 1 to win the world series.
does it stay that way for me if i place the bet at that moment even though the odds change throughout the season or as more people place bets?
When a bookie offers you odds, and you accept those odds by buying a ticket, those are the odds you’ll get paid.
Minor correction on some previous answers:
That’s also true in horse racing against a bookie (as often played in the U.K.) It’s *not* true in parimutuel betting, as seen in horseracing in the U.S. and elsewhere. That’s because parimutuel racing doesn’t employee bookies. It’s gamblers betting amongst themselves, with a house that takes a cut. In that case, the reported "odds" at a given time are an estimate based on the current proportion of bets placed on the various racers.
March 4th, 2010 at 11:20 pm
While the odds will change throughout the season, YOUR odds are locked in at the time you place the bet.
References :
http://GamblingReviewsSite.com
March 4th, 2010 at 11:28 pm
Yes.. Whatever the ticket says.. Is what it is. period.
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March 4th, 2010 at 11:46 pm
the only time odds change after you make your bet is horse and dog racing.
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March 5th, 2010 at 12:33 am
Yes, you lock in your sports betting. Not the case with horse racing.
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March 5th, 2010 at 12:40 am
yes.
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March 5th, 2010 at 1:00 am
When a bookie offers you odds, and you accept those odds by buying a ticket, those are the odds you’ll get paid.
Minor correction on some previous answers:
That’s also true in horse racing against a bookie (as often played in the U.K.) It’s *not* true in parimutuel betting, as seen in horseracing in the U.S. and elsewhere. That’s because parimutuel racing doesn’t employee bookies. It’s gamblers betting amongst themselves, with a house that takes a cut. In that case, the reported "odds" at a given time are an estimate based on the current proportion of bets placed on the various racers.
References :
March 5th, 2010 at 1:46 am
once you place your bet your odds don’t change — even with a major injury or something along those lines your odds still stay at what you placed them at
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March 5th, 2010 at 2:11 am
Yes, they lock in the time you placed them.
References :
http://www.betting-forum.com/
March 5th, 2010 at 2:20 am
but not for horse racing
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March 5th, 2010 at 2:33 am
yes, at least the Bookmaker says that the odds were incorrect by mistake, then their Terms & Conditions says that odds can be changed, but in normal conditions odds lock in at the price you took.
References :
http://www.surebets-apuestas-seguras.blogspot.com/2009/01/realistic-goals-for-professional.html