Declared [Meaning] - MasterTerms.com

When a bet is declared, it means that the bet has been accepted, acknowledged, and confirmed by the sportsbook or betting entity. This typically happens after all the details of the event, including odds and stakes, have been finalized. Once a bet is declared, it becomes legally binding, and both the bettor and bookmaker must honor the result, regardless of the outcome of the sporting event.

Declared Example

For example, if a bettor places a wager on a football match and the bookmaker confirms the bet by declaring it, the bettor is now committed to the wager, and the outcome will be processed after the match concludes.

Glossary: Non Runner
A non runner is a horse that has been scheduled to participate in a race but is withdrawn before the race begins. This can occur for various reasons, including injury, illness, or unfavorable track conditions.
Glossary: Overnight Declarations
Overnight declarations refer to the official announcements made by teams or participants about their lineup or any changes before a sporting event begins.
Glossary: Pushed Out
A "Pushed Out" refers to a situation where a bet results in a tie, and the wager is refunded.
Glossary: Runner
A runner refers to a person who places bets on behalf of another individual, often in environments where direct access to betting platforms is restricted. Runners can be utilized for various reasons, including convenience, anonymity, or legal limitations on who can place bets.
Glossary: Tie
A tie in sports betting refers to a situation where the outcome of a game or match ends in an equal score or result. In betting terms, a tie can affect the outcome of wagers placed, as it often results in a push or refund of the original bet.