why wont books refund futures bets already for NBA/NHL?

DontTailMe · 03-23-20, 03:12 PM

"Suspended" =/= "cancelled"

There has even been talk about using this delay as an opportunity to adjust the NBA season schedule. Why would they refund future bets when NOBODY knows what the outcome of this season will be yet? Have to wait for official word, I'm afraid.

The books are making the correct decision here.

DISTROYA · 03-23-20, 03:15 PM

Ok DTMe, I get it, but there is 100% certainty they cannot play all regular season games, its impossible. That would automatically void the season win totals no?

ArunSh · 03-23-20, 04:50 PM

They don't want things to be over-complicated. You can't really say for sure that all regular season games won't be played, what if they pick up where they left off, just everything pushed back exactly two months or whatever?

Anyway it's unclear so they are just waiting until they officially know what will happen before grading anything. Seems pretty logical.

Optional · 03-23-20, 05:05 PM

Originally posted by DISTROYA

Ok DTMe, I get it, but there is 100% certainty they cannot play all regular season games, its impossible. That would automatically void the season win totals no?

Depends on the books rules. I'll look and see what I think if you want me to.

LLXC · 03-23-20, 07:10 PM

I just learned that 5Dimes has some different rules when it comes to grading total wins when full season cannot be completed :|

DISTROYA · 03-23-20, 07:11 PM

Have lots of funds tied up in bookmaker....dsi....betonline all season win totals among other things. Theres NO WAY they can squeeze all league games remaining unless they literally delay following seasons start a full year. Thx optional. Believe me I would rather wait because have a lot more projected wins than losses but at this point would rather have payouts because full regular seasons aint gonna happen.

Optional · 03-23-20, 08:27 PM

DSI

NBA: Team must play at least 82 Regular Season games for wagers on Season Wins to have action.

NHL Regular Season Wins and Total Season Points
Team must play 82 Regular Season games for wagers on season wins and total Season Points to have action.

BOL

NBA Seasonal Wins Rules: Teams must play 82 games in the regular season for wagers to have action. Only regular-season matches will be acknowledged for season wins totals; this excludes ALL Playoff. If teams do not play every regular season game scheduled, then wagers will be deemed "No Action."

NHL Futures: All Conference and Championship wagers are considered action. In the case of a shortened season or any other unforeseen event, the winner of said wagers is determined by the NHL. Whoever the NHL deems the winner is the winner for wagering purposes. If no winner is determined by NHL, all wagers are considered NO ACTION AND ALL MONIES ARE REFUNDED.

BM

NBA: Team must play at least 82 Regular Season games for bets on Season Wins to have action.

NHL Regular Season Wins and Total Season Points: The team must play 82 Regular Season games for bets on season wins and total Season Points to have action.

82 games seems to be the line. A bit too close in both leagues to decide today probably.

BOL also says if every NBA reg season game is not played bets are void. But hard to even say that 100% today.

DukeSnider · 03-23-20, 08:31 PM

Why wouldn't the SBs simply cancel all bets and simply return $$ back into players account.Nothing else makes any sense.

DukeSnider · 03-23-20, 08:34 PM

what's so complicated by voiding all bets and return $$ to the individual accounts ? It would annoy me that my funds would be tied up for an indefinite time with no cause.

DISTROYA · 03-23-20, 08:34 PM

Thank you. They just locking funds to avoid more withdrawals IMO

Optional · 03-23-20, 08:35 PM

Originally posted by DukeSnider

Why wouldn't the SBs simply cancel all bets and simply return $$ back into players account.Nothing else makes any sense.

Because some people still have hope

Originally posted by DISTROYA

Believe me I would rather wait because have a lot more projected wins than losses

There is another thread near top of forum today where the book already graded a prop "will the XFL cease before season ends" and a few people are upset they would do that so fast...

danrubin12 · 03-23-20, 08:35 PM

even if NBA doesn't complete 82 games (and the books will refund eventually) it's a nice interest-free loan in the middle of a liquidity crisis for the books in the interim.

DukeSnider · 03-23-20, 08:40 PM

Originally posted by danrubin12

even if NBA doesn't complete 82 games (and the books will refund eventually) it's a nice interest-free loan in the middle of a liquidity crisis for the books in the interim.

this is the only rational explanation offered so far on this thread.

mrpapageorgio · 03-23-20, 10:19 PM

Originally posted by DukeSnider

what's so complicated by voiding all bets and return $$ to the individual accounts ? It would annoy me that my funds would be tied up for an indefinite time with no cause.

I would certainly be pissed if I had a season win total that was voided at this point and it turns out the NBA decided they want the full 82 games to make the money and it would've won. There's 2 sides to every bet.

None of the leagues have officially announced whether they will shorten the season and go straight to the playoffs or resume as normal and let the chips fall as they may and let the season ends when it ends (or even just cancel the season). It's all just speculation and brainstorming until they make an official announcement what they're going to do.

If this goes into mid-April, I doubt we'll see 82 games, but I'm not going to be shocked either if the NBA wants the revenue either and plays out the season late into the summer. I don't see them being intimidated having to compete with MLB.

ArunSh · 03-24-20, 12:23 AM

Once again, you can't be 100% sure that they won't play 82 games. Agree it's unlikely (I think it's rather unlikely that the rest of the season isn't cancelled in entirety at this point), but it could happen, nothing is official for sure.

Plus if the season hypothetically did resume (but shortened), well there would be a lot of futures bets that still might have action, like will such and such make playoffs, who will win Eastern Conference, who will win Championship, etc. And as I said, they also probably don't want to over-complicate by grading some of these which probably won't have action while leaving others open that still may.

Again until there is an unequivocal announcement that they definitely won't play the full 82 game regular season or that they won't resume the season at all, whatever it might be, can't really blame any book for not grading wagers imo.

As mrpapageorgio says, imagine you had such a wager, they voided it, then it turned out it would still have action based on the way they chose to resume the season. And suppose further in fact that your bet would have wound up winning. Then you and everyone else in that situation would be screaming bloody murder how the book cheated you by voiding the bet too early.

DontTailMe · 03-24-20, 01:21 AM

Originally posted by DISTROYA

Ok DTMe, I get it, but there is 100% certainty they cannot play all regular season games, its impossible. That would automatically void the season win totals no?

It's NOT impossible. Like I said, they're contemplating permanently changing the NBA season start and end dates going forward.

If a book makes a decision that is not based on a formal announcement from the leagues, then they are opening themselves up to possible chaos down the road if one of these leagues makes a decision contrary to their assumptions.

Brooklyn Dick · 03-24-20, 06:26 AM

Anybody here that would wager YES on whether the NBA will play 82 games is either brain dead or monetarily involved with a sportsbook. This is just another way to hold your money...............And it will only get worse the longer this goes.

milwaukee mike · 03-24-20, 07:32 AM

Originally posted by Optional

DSI

NBA: Team must play at least 82 Regular Season games for wagers on Season Wins to have action.

NHL Regular Season Wins and Total Season Points
Team must play 82 Regular Season games for wagers on season wins and total Season Points to have action.

BOL

NBA Seasonal Wins Rules: Teams must play 82 games in the regular season for wagers to have action. Only regular-season matches will be acknowledged for season wins totals; this excludes ALL Playoff. If teams do not play every regular season game scheduled, then wagers will be deemed "No Action."

NHL Futures: All Conference and Championship wagers are considered action. In the case of a shortened season or any other unforeseen event, the winner of said wagers is determined by the NHL. Whoever the NHL deems the winner is the winner for wagering purposes. If no winner is determined by NHL, all wagers are considered NO ACTION AND ALL MONIES ARE REFUNDED.

BM

NBA: Team must play at least 82 Regular Season games for bets on Season Wins to have action.

NHL Regular Season Wins and Total Season Points: The team must play 82 Regular Season games for bets on season wins and total Season Points to have action.

82 games seems to be the line. A bit too close in both leagues to decide today probably.

BOL also says if every NBA reg season game is not played bets are void. But hard to even say that 100% today.

division champs is where i have a lot of action

bol says 77 games for nhl, 80 for nba

i have no idea what the rules are at 5dimes? they are unclear...can someone please ask what their division champ rules are?

DISTROYA · 03-24-20, 08:54 AM

just to be clear I wasnt talking about various championships, just season wins.

TIP_EU · 03-24-20, 10:22 AM

It is ridiculous to see how sportsbooks do not allow people to withdraw money with the excuse of future bets.

Locked millions of dollars are insured for bets that don't work.

I hope they continue to withdraw their funds from the sportsbook so that they understand that we are not stupid.

mrpapageorgio · 03-24-20, 10:47 AM

Originally posted by Brooklyn Dick

Anybody here that would wager YES on whether the NBA will play 82 games is either brain dead or monetarily involved with a sportsbook. This is just another way to hold your money...............And it will only get worse the longer this goes.

I wouldn't underestimate the greed of the league. I highly doubt they give a damn about competing with the MLB and could probably wipe the floor with them. I doubt the NHL would even be intimidated with the way MLB has been. People have always said they should start at Christmas instead, this would be the perfect situation to test it.

I just think the player's union would have an issue, but deals could always be made.

Optional · 03-24-20, 09:11 PM

I wish you guys would head over to this thread and debate these guys who are saying books should definitely not grade futures bets now;

https://www.sportsbookreview.com/forum/sportsbooks-industry/3596218-seeking-opinions-xfl-prop-wager-betonline-ag.html

Not (just) being a smart ass. Let's see how these two opposite opinions stack up directly against each other.