If you're a fan of sports betting, then you've likely heard the term "void bet." But what exactly is it? And more importantly, how can you benefit from making one? In this post, Sports Betting we'll break down everything you need to know about void bets and provide tips on making the most of them. So read on and learn all about this interesting betting option!

What Is a Void Bet & How Does It Work?

Most sports bettors are familiar with the concept of a refund, but void bets are a bit more complicated.

A void bet occurs when an event is canceled or Sports Betting postponed, and the betting site cancels all wagers placed on that event. Depending on the site, void bets may be refunded in cash or in the form of a free bet. Void bets can also occur when there is a mistake in the odds, such as when the wrong team is listed as the favorite.