Update:Mangus Carlsen Returns. How Long Does it take to Refund Void Bets?

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Quote from: Alphakilo on December 31, 2024, 05:52:06 PM

"bent" the rule on his behalf.

You can read the full news here.

Quote

But in a statement on Sunday, FIDE president Dvorkovich said he regretted how the situation escalated.

“It is unfortunate that the implementation of dress-code rules, while being legally sound and consistent, has left some feeling this is disproportionate and caused the situation everyone would have preferred to avoid,” he said, before announcing changes to the rules for the upcoming blitz tournament.

One of the most common response on previous thread was that any bets on Magnus was going to be treated as a void bet and refunds would be made. In this situation, it was just about 48 hours before Mangus returned to the championship. This leads to another question, how long does it typically take for refunds to reflect in user accounts in similar situations?

It didn’t look like the rules were bent on his behalf. From all indication, his situation became an eye opener to what the rule might cause in similar situations to the games. It therefore means, it’s an avenue to safeguard the game rather than the player. People would have bought tickets and for something so simple, it’s all of no use no more.

In my experience, when bets happens to be void due to postponing or cancellation of a game, its usually settled in less than 24hours. It’s a no bet and there isn’t any use keeping the money.

Odohu

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I have been gambling for a long time now I have encountered many cases of void bets and abandoned matches. Before now, it takes as much as 24hrs to refund such void bets but I have noticed that due to improvements in the business, mots platforms refund void bets within few minutes to few hours of it being confirmed to be void. There are some platforms that refund instantly as soon as the event have been declared as void. Any platform that is still delaying to refund void bets will also delay confirming winning tickets even when all the events have been settled and I will be mindful of such platforms.

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Quote from: Lida93 on January 02, 2025, 02:34:20 PM

As a football game's bettor I have severally wager on single game that later got void due to certain circumstances the occurred, and it didn't took up to 24hrs from when the game was void to have my bet refunded. A recent one was the Everton Vs Liverpool match that was cancelled due to bad weather condition.

But if it's in a parlay bet then just that game alone would be voided and it odd calculated a deduction made from the total odds of the bet games for pay off should the prediction turns out right.

I have matches that have been cancelled before several times which can be due to bad weather or misunderstanding in a way that the match will not be played finish. The later is what happened but in chess. It only took like one or two hours before the bet is cancelled. But that would have been when it has been declared that the match will not be played again that day. I use 24 hours because betting sites may have different rules before they will cancel the bet but I think it should not take more than when the site have known that the match has truly be cancelled. But stating not more than 24 hours is not bad in this regard.

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Quote from: Charles-Tim on December 31, 2024, 06:57:17 PM

If it is getting more than 24 hours, it bet should be cancelled and the bettors should have been refunded. I do not know about chess, but the games was started from the beginning on the other day? In football, the match will start from the beginning again. So if another day is fixed for the match, the betting site will make the match available for betting again so that people can bet again on the match.

As a football game's bettor I have severally wager on single game that later got void due to certain circumstances the occurred, and it didn't took up to 24hrs from when the game was void to have my bet refunded. A recent one was the Everton Vs Liverpool match that was cancelled due to bad weather condition.

But if it's in a parlay bet then just that game alone would be voided and it odd calculated a deduction made from the total odds of the bet games for pay off should the prediction turns out right.

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Quote from: Samlucky O on January 02, 2025, 03:55:09 AM

Quote from: Alphakilo on December 31, 2024, 05:52:06 PM

One of the most common response on previous thread was that any bets on Magnus was going to be treated as a void bet and refunds would be made. In this situation, it was just about 48 hours before Mangus returned to the championship. This leads to another question, how long does it typically take for refunds to reflect in user accounts in similar situations?

in this situation, i think the refunding of each users should not exceed 24 hours, but i think this kind situation are rear to see or heard of. but the question is how many betting site will return the fund within 24-hour? just like some bet end up in panel which may result to positive or negative outcome but that is in lottery, which will be refunded according to how it was judged. well in all i can't really explain in full how it will end up, but from a lottery game i played some weeks ago, i was refunded because the game was postponed. so in this case funds needs to be refunded within 24 hours.

Yea, such situations rarely happens, although I had two incidents like that last year in sports matches and I don't think I saw any refund to my balance but for my friends that have participated in lotteries with the same situation, they got refunded before 24 hours was over and by right I think refunds should be made between 24-48 hours or before the game is rescheduled again.

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Quote from: Alphakilo on December 31, 2024, 05:52:06 PM

One of the most common response on previous thread was that any bets on Magnus was going to be treated as a void bet and refunds would be made. In this situation, it was just about 48 hours before Mangus returned to the championship. This leads to another question, how long does it typically take for refunds to reflect in user accounts in similar situations?

in this situation, i think the refunding of each users should not exceed 24 hours, but i think this kind situation are rear to see or heard of. but the question is how many betting site will return the fund within 24-hour? just like some bet end up in panel which may result to positive or negative outcome but that is in lottery, which will be refunded according to how it was judged. well in all i can't really explain in full how it will end up, but from a lottery game i played some weeks ago, i was refunded because the game was postponed. so in this case funds needs to be refunded within 24 hours.

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Quote from: freedomgo on January 01, 2025, 06:56:28 AM

Quote from: Darker45 on January 01, 2025, 04:19:38 AM

I cannot remember exactly the details of my voided bet as it happened years ago, but I guess the refund was credited almost instantly. I wonder why there is a complicated process for the refund. Is there even a need to request for a refund or make a ticket for it? The moment bets are voided or cancelled, are the funds not automatically credited back to the bettors' account wallets? After all, this situation with Carlsen isn't really controversial in that there aren't contesting parties.

The big question is: did the sportsbook really mark the bet as void?

because here’s what happened:

World Chess Champion Quits Competition After Refusing to Change Out of Jeans, Tells International Chess Federation 'F--- You'

He was fine but was given a chance to change his outfit, yet he chose not to continue. According to the official outcome, he lost because he decided not to play. So, I suspect that this was also the casino's verdict, as the OP failed to provide proof that the bet was graded as "void."

I followed that controversy. Yeah, it's a possibility that a sportsbook doesn't consider that match voided or cancelled. After all, Niemann might indeed be declared winner by default because his opponent was disqualified or withdrew from the match. But I doubt any sportsbook would take that route. Surely, there will be negotiations, investigation, review, and the like but sportsbooks shouldn't be waiting for those. The moment the match didn't push through, bets should immediately be voided and funds returned.

I had a DOTA II bet which was voided because the match was abruptly cut due to a technical glitch. My bet was voided right away and my money credited to my wallet. Later on, organizing officials declared one team the winner despite the match unfinished. But the sportsbook doesn't care about it anymore. It made a timely and right call. It couldn't wait for investigations and the like. And that's what it's supposed to do according to the ToS.

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Quote from: Alphakilo on December 31, 2024, 05:52:06 PM

I created this thread where I share how Magnus Carlsen, World No. 1 in chess quit the quit the chess tournament due to a dress code dispute with organizers. Well, this is an update on it and he returned to the championship and won. The International Chess Federation (FIDE) "bent" the rule on his behalf.

You can read the full news here.

Quote

But in a statement on Sunday, FIDE president Dvorkovich said he regretted how the situation escalated.

“It is unfortunate that the implementation of dress-code rules, while being legally sound and consistent, has left some feeling this is disproportionate and caused the situation everyone would have preferred to avoid,” he said, before announcing changes to the rules for the upcoming blitz tournament.

One of the most common response on previous thread was that any bets on Magnus was going to be treated as a void bet and refunds would be made. In this situation, it was just about 48 hours before Mangus returned to the championship. This leads to another question, how long does it typically take for refunds to reflect in user accounts in similar situations?

Most likely this situation fell at maximum duration based on the experience of other players I've known personally, this isn't favorable to most gamblers because we need to be refunded within due time particularly when you're a regular user.
Those reasons seem to be an alibi, that made a user annoyed for long hours of waiting and funds had been drained badly. I just hope everybody didn't experience the same in this story, it's kinda unacceptable and exhausting to someone like a busy person who needs a fair response.

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Quote from: Alphakilo on December 31, 2024, 05:52:06 PM

This leads to another question, how long does it typically take for refunds to reflect in user accounts in similar situations?

it could take 24-48 or maybe more(at least this is what I remember reading on some of the sportsbook's ToS) but wouldn't this entirely depend on the sportsbook they are gambling on? I mean, each sportsbook has its own Terms and Conditions about this kind of situation, they might even not continue with the refunds and proceed with the bet as normal if the bet was just paused.

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Yes, I read about this story. Magnus Carlsen came to a chess tournament in jeans....

Jeans are a very common item of men's clothing (for example, I always wear jeans to all kinds of cultural events). Jeans are jeans, they are not even shorts or sweatpants. In general, a dress code is a very conditional and abstract concept.

Previously, offline casinos also did not allow people in jeans (there was a strict dress code - men in tuxedos, and ladies in evening dresses). However, over time, casino owners realized that a strict dress code interferes with their business. And now offline casinos are happy to accept visitors dressed in casual style.

A similar situation is with chess tournaments - the ban on jeans is very outdated. Jeans have long been a conservative element of men's fashion (young people, by the way, rarely wear jeans, sweatpants and shorts are mostly popular).

As for the betting situation, this is a very rare situation in practice. I would classify it as force majeure. In such a situation, the most correct action, in my opinion, would be to return the money to the players.

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Quote from: Davidvictorson on January 01, 2025, 06:57:22 AM

Quote from: SmartGold01 on December 31, 2024, 06:22:05 PM

For most of the sites if they received reliable information about the game they wouldn't be hesitant to do refund within 24hrs while some other sites would definitely take 48-72hrs while they put their eyes and ears down to source for information concerning the tournament before finally refund their bets. At some point it would be marked as void within that period but after thoroughly vetted they will lift it.

For voided bets, I think that the player must have to open a ticket. I don't know if this happens automatically. It happens automatically, and the option was bitcoin or any other cryptocurrency, the payment is will not be more than a few hours to twenty four hours. It the player has to open a ticket first and their option is like bank transfer or some other methods other than crypto, it will take a couple of days for refunds to be me. The criteria are the casino operation, the payment option.

It works automatically to my knowledge because if the bet is not valid the casino has to quickly refund it without any delay, and before a bet must be refunded as I said there should be thorough investigation, to know if the bet wouldn't resumed within next 2-3 days. But if there are concrete and valid information regarding the match then fine, they refunds within 24hrs+ be it cryptocurrency, bitcoin or fiat you will received a refund. I could remembered then, there was a game a booked and about 2 bet was voided and they refunded immediately the other game ended, they paid for only that winning and the rest was refunded, that is the total odds was 5, and the voided 2 match was 3.9 odds, and remaining was around 1.1 odd. Which I won and they refunds me.
Though this differs from casinos, I don't know about cryptocurrency casinos if they do refunds automatically like local casinos.

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Quote from: Davidvictorson on January 01, 2025, 06:57:22 AM

Quote from: SmartGold01 on December 31, 2024, 06:22:05 PM

For most of the sites if they received reliable information about the game they wouldn't be hesitant to do refund within 24hrs while some other sites would definitely take 48-72hrs while they put their eyes and ears down to source for information concerning the tournament before finally refund their bets. At some point it would be marked as void within that period but after thoroughly vetted they will lift it.

For voided bets, I think that the player must have to open a ticket. I don't know if this happens automatically. It happens automatically, and the option was bitcoin or any other cryptocurrency, the payment is will not be more than a few hours to twenty four hours. It the player has to open a ticket first and their option is like bank transfer or some other methods other than crypto, it will take a couple of days for refunds to be me. The criteria are the casino operation, the payment option.

According to my many experiences with voided bets, they are usually automatically credited back to the account. There’s no sense in contacting support for voided bets because voided best means no action occurred, and therefore, the bets should be returned. At least, that’s been my experience with different sportsbooks. So, I’m wondering what happened to OP’s bet, and the question remains whether it was really a valid voided bet.

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Quote from: SmartGold01 on December 31, 2024, 06:22:05 PM

For most of the sites if they received reliable information about the game they wouldn't be hesitant to do refund within 24hrs while some other sites would definitely take 48-72hrs while they put their eyes and ears down to source for information concerning the tournament before finally refund their bets. At some point it would be marked as void within that period but after thoroughly vetted they will lift it.

For voided bets, I think that the player must have to open a ticket. I don't know if this happens automatically. It happens automatically, and the option was bitcoin or any other cryptocurrency, the payment is will not be more than a few hours to twenty four hours. It the player has to open a ticket first and their option is like bank transfer or some other methods other than crypto, it will take a couple of days for refunds to be me. The criteria are the casino operation, the payment option.

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Quote from: Darker45 on January 01, 2025, 04:19:38 AM

I cannot remember exactly the details of my voided bet as it happened years ago, but I guess the refund was credited almost instantly. I wonder why there is a complicated process for the refund. Is there even a need to request for a refund or make a ticket for it? The moment bets are voided or cancelled, are the funds not automatically credited back to the bettors' account wallets? After all, this situation with Carlsen isn't really controversial in that there aren't contesting parties.

The big question is: did the sportsbook really mark the bet as void?

because here’s what happened:

World Chess Champion Quits Competition After Refusing to Change Out of Jeans, Tells International Chess Federation 'F--- You'

He was fine but was given a chance to change his outfit, yet he chose not to continue. According to the official outcome, he lost because he decided not to play. So, I suspect that this was also the casino's verdict, as the OP failed to provide proof that the bet was graded as "void."

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Quote from: Alphakilo on December 31, 2024, 05:52:06 PM

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Isn't it at most 48 hours most of the time? Now I reckon casinos wouldn't cancel any refund being processed since that's already in the process when the bet was intially voided. I reckon casinos would just put out a notice to users who got their refunds that the bet is back on, granted I don't think there was even enough time to do so? If there wasn't I reckon the bet was just outight removed.

Quote from: Julien_Olynpic on January 01, 2025, 01:45:51 AM

The situation itself seems ridiculous to me. Yes, the dress code is important, of course, but you need to understand that players of such a level as Magnus Carlsen are the pearl of any tournament.

100%. I reckon it wouldn't have made such a sensation if it was some new minor player no one knows. But it's Magnus Carlsen, THE goat of chess. I have no idea what the tournament managers were thinking when they decided to remove him all of a sudden all because of jeans.

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I cannot remember exactly the details of my voided bet as it happened years ago, but I guess the refund was credited almost instantly. I wonder why there is a complicated process for the refund. Is there even a need to request for a refund or make a ticket for it? The moment bets are voided or cancelled, are the funds not automatically credited back to the bettors' account wallets? After all, this situation with Carlsen isn't really controversial in that there aren't contesting parties.

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Quote from: yahoo62278 on December 31, 2024, 06:06:21 PM

Going to depend on the site. A situation like this doesn't happen very often and is probably going to be a headache for users to get refunded. I expect that many support tickets from everyone who made a bet on the game will slow things down.

If I was 1 that bet on the match/tourney I would already have my ticket in. Get the ball rollin early.

Yea it actually depending on how fast the gambling site has to respond to it's user.. it's actually going to be a difficult task for them as well since they would have to pick out users who made bets on the game and refund them back. But it's actually nice the rules had to be adjusted because at first it all didn't make sense. Why put a rule when you know that the players won't abide to it.. I Thought that the rules had been existing for long. It's good they did carry on with the games though..

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The situation itself seems ridiculous to me. Yes, the dress code is important, of course, but you need to understand that players of such a level as Magnus Carlsen are the pearl of any tournament. Without such players, the tournament begins to lose much prestige and representativeness. If those who traditionally claim first place and who are the most titled chess players according to the chess rating do not get into the tournament, then no one will watch such a tournament and no one will be proud of such a victory. If I were the organizers of the competition, I would allow Magnus Carlsen to compete even if he came to the competition in his underwear. Because there are not so many stars in the chess world to refuse participation to someone because of the dress code.

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Quote from: Alphakilo on December 31, 2024, 05:52:06 PM

One of the most common response on previous thread was that any bets on Magnus was going to be treated as a void bet and refunds would be made. In this situation, it was just about 48 hours before Mangus returned to the championship. This leads to another question, how long does it typically take for refunds to reflect in user accounts in similar situations?

If it is getting more than 24 hours, it bet should be cancelled and the bettors should have been refunded. I do not know about chess, but the games was started from the beginning on the other day? In football, the match will start from the beginning again. So if another day is fixed for the match, the betting site will make the match available for betting again so that people can bet again on the match.

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Quote from: Alphakilo on December 31, 2024, 05:52:06 PM

One of the most common response on previous thread was that any bets on Magnus was going to be treated as a void bet and refunds would be made. In this situation, it was just about 48 hours before Mangus returned to the championship. This leads to another question, how long does it typically take for refunds to reflect in user accounts in similar situations?

For most of the sites if they received reliable information about the game they wouldn't be hesitant to do refund within 24hrs while some other sites would definitely take 48-72hrs while they put their eyes and ears down to source for information concerning the tournament before finally refund their bets. At some point it would be marked as void within that period but after thoroughly vetted they will lift it.

Topic: Update:Mangus Carlsen Returns. How Long Does it take to Refund Void Bets? (Read 186 times)