These Smart Bet bet settlement rules explain how winning and losing bets are decided, and how void bets and refunds are handled for players in Ethiopia. The final calculation depends on the market, sport, confirmed result and applicable Terms and Conditions. Use the examples below as a guide: the rules for a specific bet or promotion may differ, so check its terms before placing it.
What Bet Settlement Means at Smart Bet
Settlement is the process of assigning a final status to a bet after the relevant result or event information has been confirmed. Under the Smart Bet settlement rules, a bet may be recorded as:
- Won: the selection meets the conditions of the market.
- Lost: the selection does not meet those conditions.
- Void: the bet or selection is cancelled under the applicable rules, usually with the stake returned.
- Partially void: part of a bet is cancelled where the market rules allow this.
- Cashout settled: if cash out is available on your market and you accept an offer, the bet is settled under the displayed cash-out terms.
A pending status means settlement is not yet final. It may remain pending while an event is in progress, a result is being confirmed or a market is under review.
How Winning Bets Are Calculated
For a standard winning single bet, the basic calculation is:
Potential return = stake × odds
Net profit = potential return − stake
For example, a stake of ETB 175 at decimal odds of 1.80 gives a potential total return of ETB 315 (175 × 1.80). The net profit is ETB 140 (315 − 175). The total return includes the original stake; profit is the amount above that stake. A settled losing bet normally returns nothing unless the market rules state otherwise.
Decimal odds show the total return for each unit staked if the bet wins, before any specific promotion terms. Smart Bet winning calculation may differ where a bonus or free bet is used, including how the stake is treated. Check the conditions for the promotion and the Smart Bet bonus code and bonus terms before betting with promotional funds.
Single Bets, Accumulators and System Bets
- Single bet: settled on one selection.
- Accumulator or multi bet: generally, every selection must win for the accumulator to win, unless the market rules provide otherwise.
- System bet: settled through the combinations specified when the bet is placed. A void selection may change the active combinations and their settlement.
Consider an accumulator with a stake of ETB 80: selection one wins at 1.75, selection two is void, and selections three and four win at 1.60 and 1.25. The void selection is treated as odds 1.00, so the final odds are 1.75 × 1.00 × 1.60 × 1.25 = 3.50. The total return is ETB 280 (80 × 3.50), including the ETB 80 stake; net profit is ETB 200. This calculation assumes the remaining selections win and the applicable rules use this treatment.
In a system bet, do not assume that a void selection settles the whole ticket as void. The combinations and market rules determine how each part is handled.
What Is a Void Bet?
The void bet meaning is straightforward: the bet or selection is not settled as either a win or a loss. In many cases, the stake is returned after the market has been reviewed, and the void selection is treated as odds 1.00 in a combination. A void is not an additional win or profit.
Possible reasons include a cancelled event, a match abandoned without completion within the official settlement period, an obvious pricing error, a player not participating, an incorrectly offered market, a duplicate or technical error, an unconfirmed official result, or a material change to the event format. The applicable market rules determine the outcome; a refund is not necessarily immediate.
Refunds and Returned Stakes
A refund is the return of a stake, not a bonus or a winning payout. For stake refund betting, where the returned amount appears depends on how the bet was funded: it may be credited to the main balance or, where applicable, the bonus balance. A disputed settlement may require review before the balance changes.
| Situation | Possible settlement |
|---|---|
| Official result confirmed | Settled as won or lost under the market rules |
| Match cancelled before it starts | Bet may be void and stake returned |
| Bonus stake used | Promotion terms may determine how the return is credited |
| One accumulator selection is void | That selection may be treated as odds 1.00 |
| Obvious odds error | Bet may be voided or recalculated under the rules |
These are typical outcomes, not a substitute for the terms of a particular market or promotion.
Cancelled, Postponed and Abandoned Events
A cancelled event does not take place; a postponed event is rescheduled; an abandoned event begins but is not completed. A suspended market is temporarily closed to new bets, which does not by itself determine whether an existing bet wins, loses or is void.
If an event is postponed, Smart Bet may keep the bet open until the event is completed within the official settlement period. If the event is not completed within that period, the bet may be voided. The Smart Bet cancelled match rules and the time limits can vary by sport and market. Read the Terms and Conditions alongside the market-specific rules.
Football Bet Settlement Rules
For football markets described as covering 90 minutes, settlement usually includes regular time and stoppage time, but not extra time or penalties. Extra time or penalties count only when the market explicitly says they are included. These Smart Bet football bet settlement rules should be read together with the wording shown on the selected market.
Official score corrections, own goals and VAR decisions may affect a result. First goalscorer, anytime goalscorer and other player markets depend on the market terms, including whether the player participated. If a match is abandoned, only markets whose outcomes have been definitively determined may be settled, as allowed by the rules. For available football markets, see Smart Bet football.
Live Bet Settlement and Odds Changes
Live bets follow the same basic settlement principles, but the price and market status can change while an event is underway. Odds may move before acceptance; a bet may be rejected if the offered odds change, and a confirmation delay may apply. A suspended market cannot accept new bets until it is reopened.
After the event, settlement follows the applicable market rules and official data used for the result. If a live bet was not accepted, check your bet history before placing another bet to avoid confusion about whether a ticket was created. See Smart Bet live betting for live markets.
Keno and Games Settlement
Keno and games do not use sports-event settlement rules. Outcomes generally depend on the individual game round, its displayed paytable and the technical status of the game. Check the rules shown for the product before playing. Product information is available for Smart Bet keno and Smart Bet games.
When a Bet May Be Recalculated
A settlement may be reviewed if an official result is corrected, the wrong player, team or event was linked to a market, a data provider corrects its information, a technical mistake affects the displayed result, or market rules were applied incorrectly.
If a settlement error is found, Smart Bet may adjust the result according to the official rules. Check your bet history and contact support if the balance does not match the expected outcome. Use Contact Us to ask about a specific ticket.
How to Check Settled Bets in Your Account
- Log in to your Smart Bet account.
- Open bet history or transaction history.
- Select the settled bet you want to check.
- Compare the stake, odds, status and return shown for the ticket.
- Contact support if the result appears incorrect.
If you do not yet have an account, review the current service information and access requirements before using the Smart Bet login.
Disputes, Corrections and Support
When querying a settlement, provide the bet ID or ticket number, date and time, event name, market name and a short description of the issue. Include a screenshot if available. Keep the description factual and specify the amount or status you are asking about. Contact support through the support page.
Settlement and account terms should be read alongside the relevant legal information, including the current legal status of Smart Bet services in Ethiopia. Players should check current availability and legal status before placing bets.
Responsible Betting and Legal Notes
Betting involves financial risk, and you may lose the money you stake. Only adults who meet the applicable legal age requirements may use betting services. Read the Terms and Conditions before placing bets; settlement rules may differ by sport, market and promotion. Players should also review the age restriction policy and confirm that the service is currently available to them in Ethiopia.
Responsible gaming tools and guidance are available on the Responsible Gaming page. Use these tools if betting stops being enjoyable or begins to affect your finances or wellbeing.
FAQ
What does odds 1.00 settlement mean?
Odds of 1.00 mean that the selection adds no multiplier to the calculation. In an accumulator, a void selection treated at 1.00 leaves the combined odds dependent on the other selections. It does not add a win or increase the return by itself; the remaining selections still settle under their market rules.
Why was my bet refunded instead of paid as a win?
A refund usually means the bet or selection was void under the applicable rules, rather than settled as a winning outcome. This can happen after a cancellation, an event issue or a market review. Check the ticket status and market terms to see why it was voided, and contact support with the ticket details if the reason is unclear.
How long can a postponed match remain unsettled?
There is no single time limit for every sport and market. A postponed event may remain pending while the operator applies the relevant official settlement period. If it is not completed within that period, the bet may be voided. Check the market rules and Terms and Conditions for the applicable limit.
Can Smart Bet recalculate a settled bet?
A settled result may be reviewed if official information is corrected, the wrong event or participant was linked to a market, or a technical or settlement error is identified. Any adjustment should follow the applicable rules. If you believe a ticket was settled incorrectly, provide its ID and supporting details to customer support.
What happens when a live bet is not accepted?
A live bet may be rejected if odds change before acceptance or the market is suspended. If no bet was accepted, there should not be a settled ticket for that attempted wager. Check bet history and transaction history to confirm the status before trying again, particularly if a confirmation message was delayed.
Is a refunded stake counted as profit?
No. A refunded stake is the return of the amount placed, not profit from a winning bet. For example, when a void bet returns its stake, that returned amount should not be confused with net profit. Any bonus-funded stake or promotional return may be handled under separate promotion terms.
Last updated: March 2025
Reviewed by: Editorial review
Author: Getachew Wolde
Getachew examines sportsbook terms for consistency across registration, payments, bonuses, and account rules. He identifies conflicting or outdated statements and requests clarification before publication. His articles preserve important caveats instead of simplifying conditions into misleading promotional summaries.