If your bet has been voided or cancelled your liability is returned, so you incur no loss.
Unmatched bets are cancelled when the market is halted. The market will halt at the start and the end of the event, as well as when a material event occurs in markets managed by instant match.
In horse racing, the market will halt whenever a non-runner is removed from the race.
Unmatched bets can be cancelled by users through the ‘Your Bets’ section. Any unmatched bets will be cancelled automatically when the market next halts.
Smarkets will void any bets where the outcome cannot be reasonably determined. Common reasons for the voiding of bets include:
- Postponement/cancellation of an event.
- A horse being declared a non-runner in non-ante post horse market.
- Bets placed after the outcome has already been determined.
- Bets matched within eight seconds of a material event (when managed by instant match).
Note: Markets will only be voided due to postponement/cancellation if the event is not concluded within 36 hours of the originally scheduled start time.