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There are very few things in this world worse than making plans with someone, getting excited about going out, and then having them cancel on you at the last possible minute. This happens to everyone, and in sports betting the same thing happens, but in a different context. Imagine this - you get the rundown of the night's action and find a game that really sticks out to you. You dig a little deeper and start loving the opportunity. You can't contain your excitement and place your bet. You get yourself ready to watch the action unfold only to find out its raining and the game just got cancelled and moved to the next day. Talk about a major disappointment.
The question that always follows a 'cancelled or postponed' MLB game is always, 'what happens to my bet now?'
Well the answer is quite simple. Your bet is graded 'no action' and believe it or not, a lot of people in the betting industry are still confused as to what this actual means.
What Does No Action Mean in Baseball?
When you hear the term ' no action ' in regard to baseball betting, it refers to a bet that is deemed to be invalid after it is made. There are several reasons why sportsbooks deem a bet to have no action, but when baseball is involved there are generally two main reasons why this happens.
Reasons for No Action
The easiest example to understand would be related to a very common issue in baseball - the rain delay. If a baseball game is rained out before it actually starts, or if the rain halts the game before four and a half innings have been played, the majority of sportsbooks would deem this a 'no action' situation, thus refunding money back to those who bet on the game.
However, there can be confusion for bettors if a game is immediately rescheduled for the next day as part of a double-header.
Some bettors think that since the game will be played within 24 hours, their bets carry over to that game. This is absolutely not the case.
Once a bet is deemed no action, all bets are off, and you immediately get your money back. Nothing is stopping you from placing the same wager again the following day if you like it so much.
How Does No Action Affect Bettors?
When your bet is deemed 'no action', sportsbooks view the bet like it was never made. To put it as simply as possible - you get your money back without penalty. Every single sportsbook has different rules regarding would cause 'no action' in each sport.
The problem with the dreaded 'no action' is that it's not something that can be predicted on a regular basis. They are more of a sudden event and as handicappers we have to accept it and move on. There is no way to adjust your strategy or decision-making process leading up to placing a bet. However, I do recommend checking the weather report beforehand just to be on the safe side.
Thankfully, sportsbooks do not charge a penalty for 'no action' bets. They return the money instead of keeping a portion of it or rolling it over into the reschedule game. If this was the case, then bettors would need to be very cautious of a potential rain out prior to placing their wagers.
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Introduction:
In this article, we will be explaining how to bet on soccer. We’ll explain the numerous methods to bet on soccer and the terminology commonly used. Soccer is a widely-bet sport worldwide and there are a number of different ways to bet an individual game.
Betting the 3-way Moneyline:
In soccer, there are many types of competitions with varying rules so it’s always good to be informed prior to placing a bet. In most competitions, draws may be the final result of the game, so there are 3 different outcomes to bet on between Team A and Team B:
Team A wins
Team B wins
Team A and Team B draw
Soccer bets are based on results after 90 minutes of play or, ‘Regular Time’, which includes any time added by the referee in respect of injuries and other stoppages. Any Overtime, Golden Goals or Penalty Shoot-Outs do not count towards these betting since they are not considered ‘Regular Time’. For example, in the elimination stages of the World Cup, a winner is required in the tournament in order to progress to the next stage, but all bets are settled on 90 minutes of play (Regular Time). Thus, a draw is a possible outcome to bet on even in a game where one team must be eliminated. An example of what a 3-way moneyline would look like is:
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France -129
Switzerland +325
Draw +250
Betting the 2-way Moneyline without the Draw:
Another way of betting soccer is to take the 2-way moneyline, also known as “Draw, No Bet” This is betting on the outcome of the game without the Draw. The two possible wagers are:
Team A wins
Team B wins
This form of betting eliminates the option of the Draw, and will likely have inflated odds on the favorite and deflated odds on the underdog to win the match since a draw results in no bet. For example, in a World Cup match between France and Switzerland, odds on the 2-way moneyline would like look:
France -310
Switzerland +272
As you can see, there is no option to bet on the draw, and if the game ends in a draw, the bet is refunded or “No-Actioned”, and is as if the bet was never placed.
Betting Goal Lines:
Similar to betting the 2-way moneyline (without the draw), the Goal Line is a way for bettors to win a bet on multiple outcomes of the game. Goal Lines are similar to Puck Lines in hockey and Point Spreads in football or basketball. A Goal Line is typically 0.5 goals but for games with big favorites, the Goal Line may be 1,1.5, 2, 2.5, 3 and so on. A World Cup match between Argentina and Iran looks like this:
Argentina -2.5 goals (+110)
Iran +2.5 goals (-120)
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If you bet Argentina -2.5 goals, then to win the bet they must win by 3 goals or more. On the other side, betting Iran +2.5 goals means to win the bet, Iran can win, draw, or lose by 1 or 2 goals.
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Betting Totals:
Totals in soccer work differently than other sports and can be shown in multiples of .25 goals. Since scoring is minimal in soccer, bookmakers will often times set a Total of 2.25 or 2.75. For example, if you bet on the Over 2.25 goals, half your bet is placed on “Over 2” and the other half of the bet is placed on “Over 2.5”. If the game settles on 2, you lose half your bet (Over 2.5) and refunded the other half (Over 2). If the game settles on 3, you win both bets (Over 2 and Over 2.5).
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Another example is if you bet on the Under 2.75 goals. In this example, half your bet is placed on the Under 2.5 goals and the other half is bet on the Under 3 goals. If the game lands on 3, you’d lose half your bet (Under 2.5) and refunded the other half (Under 3).