{"id":2436,"date":"2021-06-02T15:31:37","date_gmt":"2021-06-02T15:31:37","guid":{"rendered":"https:\/\/www.newbettingsites.co\/?page_id=2436"},"modified":"2021-11-18T10:33:04","modified_gmt":"2021-11-18T10:33:04","slug":"is-there-a-time-limit-on-claiming-winning-bets","status":"publish","type":"page","link":"https:\/\/www.newbettingsites.co\/articles\/is-there-a-time-limit-on-claiming-winning-bets\/","title":{"rendered":"Is There A Time Limit On Claiming Winning Bets?"},"content":{"rendered":"
In the modern world, everyone has busy lives filled with work, sports to watch and friends to see socially. As a result, it\u2019s not unusual to forget that we\u2019ve placed a bet, let alone bother to cash it in if it was a winner. It\u2019s why it\u2019s always good practice to ensure that you\u2019ve got a specific area that you keep any betting slip<\/a>s, meaning that you can check then to see if they won when you\u2019ve got some spare time.<\/p>\n Of course, life is really that simple. It\u2019s not impossible to imagine a scenario in which a child or partner has picked up the ticket and moved it somewhere else, with \u2018out of sight, out of mind\u2019 becoming the mantra for the person that placed the bet in the first place. If such a thing were to happen to you, how long would you have to find the ticket and then take it to the bookmaker in order to be paid out what you\u2019re out?<\/p>\n Obviously if you are betting online then bets are paid out automatically.\u00a0 There are, however, issues should you not log into your account for a period of time that could lead to the account becoming dormant and this can result in charges.\u00a0 We will cover this element too below.<\/p>\n The honest truth is that how long you officially have to cash a bet will differ from company to company. They will all have their own rules on the matter, which are normally displayed clearly in their terms and conditions, but it\u2019s entirely possible that they\u2019ll waive those rules in order to allow you to cash your bet depending on the circumstances. Some bookies don\u2019t even have rules with time periods, just how you come to claim.<\/p>\n For online bookmakers, everything happens automatically and you don\u2019t need to physically claim your winnings. Even so, some accounts remain unused for long periods of time and they will make them \u2018dormant\u2019 after a certain period. It removes the account from their system but can still be brought out of its enforced hibernation on occasions when someone logs back in and wants to claim their winnings.<\/p>\n Whether they refer to them as \u2018dormant\u2019 accounts, \u2018inactive accounts\u2019 or something else entirely, it\u2019s likely that your account will be made dormant until you log back into it. Some bookmakers then charge you what is essentially a maintenance fee until you either log back into it or the money within it runs out. The United Kingdom Gambling Commission\u2019s rules on the matter<\/a> say that accounts can\u2019t be made dormant unless they\u2019ve been unused for more than 12 months.<\/p>\n Ideally you should never leave any significant amount of money in an online account<\/a>.\u00a0 The money is ringfenced under UKGC rules<\/a> but these are not financial organisations, which means your money is not necessarily protected if a company goes bust.\u00a0 This has happened a few times<\/a> so it is always wise to get your winnings out as soon as you realise you have them.<\/p>\n If you\u2019ve placed your bet with an on-track bookmaker and forgot to cash it in before you left the track, all is not lost. On-track bookies tend to leave the area pretty quickly, not because they\u2019re trying to avoid paying out on winning bets but because it\u2019s their job and don\u2019t we all like to leave work as soon as we can? The good news is that you\u2019ll be able to find information about the bookie in question on the back of your betting slip.<\/p>\n <\/p>\nIt Depends On The Bookie<\/h2>\n
The Administration of Gambling on Tracks<\/h2>\n