Open Bet

Open bet is the bet at which a betting shop has not yet made calculations on the players’ winnings and losses.

Players in a betting shop are betting on one or another outcome of the sporting event. It can be not only the victory or defeat of a specific team, but, for example, the score of the first half of a football match. And in this case, the bet will be open only until the end of the first half. After that, it closes, and the bookmaker calculates the wins and losses of the players. But, as a rule, the bet remains open until the end of the sports match. This is also true in cases where, for example, a tennis match is postponed due to bad weather. If the match for some technical reasons, for example, because of a power outage, is postponed to a remote time, then in this case a betting shop operates according to its own internal rules. Most likely, all bets for this match will be recognized as not played, and the money will be returned to the players.