Betting FAQ
In this next section we’ll cover some of the more commonly asked questions about betting, including topics such as how betting odds work, why you need to send in ID to a bookie, and what you should do if you thinking you’re betting too much.
To help you find the answer you’re looking for, we’ve split the questions into various categories:
General Betting Questions
- Is Online Betting Legal/Safe?
- What Should I Do If I Think I Have A Gambling Problem?
- Why Do I Have To Provide Identification At An Online Betting Site?
- What is the Difference Between a Betting Site & a Betting Exchange?
Financial & Account Questions
- Can I Bet Online Without A Bank Account?
- Do I Have To Pay Tax On Gambling Winnings?
- Do I Have To Declare Gambling Winnings To The Tax Man/HMRC?
- Is It Possible To Make a Living From Sports/Football Betting?
- What Happens If A Bookmaker Goes Out Of Business?
Placing Bets & Betting Odds
- How Do Betting Odds Work?
- What Is Handicap Betting?
- What Is A Lucky 15/31/63?
- What Is Ante Post Betting?
- Can You Bet On Amateur Sports?
- Can You Bet On Yourself Or Someone You Know?
- Do All Bookies Offer The Same Number of Places on a Race/Tournament/Event?
- What is the Difference Between Betting Limits and Payout Limits?
Betting Rules
- What Is A Void Bet?
- How Does A Void Bet Affect An Accumulator?
- What Happens If An Event Is Postponed/Cancelled?
- What Happens When There’s A Dead Heat/Tie?
- Can I Cancel A Bet After I’ve Placed It?
- Can A Bookmaker Refuse To Pay A Winning Bet?
- What Happens If A Result Changes After A Bet Has Been Settled?
- What Happens To A Bet If A Match Turns Out To Be Fixed?
Football
- What Is The Difference Between Goals Galore & BTTS?
- Do Own Goals Count In Both Teams To Score Bets?
- Can You Have A Dead Heat In Football Betting?
Horse Racing
- How to Read Horse Racing Form
- How Do Horse Racing Grades, Groups and Classes Work?
- What Is Best Odds Guaranteed?
- What Does SP/Starting Price Mean?
- What Happens If There’s A Dead Heat in Horse Racing?
- What Is Rule 4 In Horse Racing?
- Is Horse Racing Fixed?
- What Is Totepool Betting?
We’ll be adding more questions and useful guides to this section over the coming months, but in the mean time if you have a specific query which we haven’t answered feel free to get in touch and we’ll do our best to help you out!