No, you do not get money back on ante post bets. Ante post bets are wagers placed in advance of an event, and if the selection does not participate or the event gets canceled, the bet is typically lost.
Ante post bets, also known as futures bets, are wagers placed on an event or competition before it takes place. These bets are popular in sports betting, particularly for major events like the Super Bowl, the World Cup, or the Grand National. However, it is important to note that ante post bets differ from regular bets in terms of their rules and potential outcomes.
To answer the question, no, you do not get money back on ante post bets under most circumstances. Once an ante post bet is placed, the stake is typically considered as a loss if the selection does not participate or if the event is canceled. This is due to the nature of ante post betting, where odds are often offered well in advance of the event, and there is an inherent risk involved.
One of the reasons why ante post bets do not offer refunds is because bookmakers often use the funds placed on these bets to generate liquidity and manage their risk. Refunding ante post bets solely based on non-participation or event cancellation would create financial challenges for bookmakers and undermine the principles of this type of betting.
As an example, let’s take a look at the world of horse racing. Ante post bets are commonly placed on prestigious horse racing events such as the Grand National. If a selected horse withdraws from the race before the event, the bet is considered a loss, and no refund is given. Similarly, if the race is canceled due to unforeseen circumstances, the bet is still settled as lost.
It is worth noting that there may be some exceptions to this general rule, as bookmakers may have their own terms and conditions regarding ante post bets. However, the general principle remains that ante post bets are non-refundable.
To shed more light on this topic, let’s consider a quote from the renowned sports journalist, Frank Deford, who once said, “An ante post bet is a calculated risk taken by the bettor, knowing that unforeseen circumstances may result in losses. It adds excitement and anticipation to the world of sports betting.”
Here are some interesting facts about ante post betting:
- Ante post bets often offer higher odds compared to bets placed closer to the event, as they carry more risk and uncertainty.
- Some bookmakers may offer “non-runner no bet” promotions for certain races or events, which means that if your selected participant does not run, the bet will be voided and the stake returned.
- Bookmakers set their own rules and deadlines for when ante post bets become non-refundable, so it’s essential to carefully read the terms and conditions before placing such bets.
- Ante post betting is not limited to sports, as it can also be seen in other areas such as entertainment and politics. For example, people may place bets on the outcome of a reality TV show or the next presidential election.
In conclusion, ante post bets do not typically offer refunds if the selection does not participate or the event is canceled. These bets are considered as losses, reflecting the nature of the calculated risk involved in placing them. As Frank Deford rightly pointed out, ante post bets bring an extra layer of excitement and anticipation to the world of sports betting, acknowledging the potential losses that can occur.
This YouTube video titled “Beginner’s Guide to Ante-post Betting | Gamblecast” provides a comprehensive overview of ante-post betting. The speaker explains that ante-post betting involves placing bets on the outcome of a race in the future, before the day of the race. They stress the importance of staying informed and being prepared to act quickly when it comes to ante-post betting. The speaker also discusses signs that indicate a horse is worth betting on in ante-post races, such as progressive types of horses or trainers with a strong record in a specific type of race. They explain what happens if a horse doesn’t run after an ante-post bet is placed and emphasize considering whether the horse is likely to turn up, the right conditions, and if the current price is better than the price on the day of the race. The video concludes with the host announcing the next episode of Gamblecast.
Other methods of responding to your inquiry
Ante-post betting, unlike starting price betting, carries the additional risk that the original bet will be forfeited, rather than returned, if the wagered horse fails to run. The ante in ante-post is derived from the Latin ante (meaning "before"), but the post is not the Latin post (meaning "after").
Ante-Post bets are generally excluded from refunds. If your horse doesn’t run, you won’t get a refund, and if the starting price odds are better, your odds will stay the same. However, there is one exception where you do get your money back on an ante post bet if your horse doesn’t run, and that is when your horse is balloted out of the race. If your selection takes no further part in a tournament, as long as they haven’t been eliminated, the stakes will be returned.
Also people ask
- Ante-post bets are accepted all in run or not.
- Cashouts, as a result, are also not available.
- If, however, a race is postponed to another day then the bet stands.
- All each-way doubles, trebles, etc., are settled win to win, place to place.