{"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":"

\"manIn 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

It Depends On The Bookie<\/h2>\n

\"termsThe 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

The Administration of Gambling on Tracks<\/h2>\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

\"administration<\/p>\n

You can also get in touch with the Administration of Gambling on Tracks<\/a>, writing to them and sending them the original ticket. They will use the information on the ticket to get in touch with the bookmaker that you used, who will then check their own records to see if they\u2019ve got evidence of the outstanding bet. If they have then they\u2019ll pay you out on it by sending a cheque for the full amount to the AGT.<\/p>\n

It\u2019s worth noting that, technically, you only have one month to make your claim. After that point, it becomes a matter of the bookies\u2019 discretion as to whether or not you\u2019ll be paid your winnings. That being said, as long as there\u2019s nothing dodgy about your ticket and it is in reasonably good condition then it\u2019s unlikely that they\u2019ll refuse to pay. Even so, it\u2019s certainly worth remembering that that\u2019s an option open to them.<\/p>\n

The Example From 1974<\/h2>\n

\"WilliamIn 1974, Joe Robertson placed a \u00a31 bet on Red Rum in the Grand National, receiving odds of 11\/1 from William Hill. They were decent odds when you consider that Ginger McCain\u2019s horse had won the race the year before. When he won it for the second time, Robertson should have gone to a William Hill shop and claimed his \u00a312 winnings, which was a decent amount of money at the time. Instead, he forgot all about his winning slip.<\/p>\n

Lost in amongst some paperwork, the slip itself didn\u2019t see the light of day again until 2017<\/a>, with Robertson having died in 1979. It was only when his son-in-law, Bob Holmes, was looking through his father-in-law\u2019s paperwork that he found the slip, taking it to a William Hill shop and expecting that they\u2019d pay him out the \u00a312 that it was worth, if they honoured it at all. It had been placed 43 years before, so William Hill had some thinking to do.<\/p>\n

In the end, they decided to not only honour the bet but to do so having adjusted it for inflation. They paid the family \u00a3130 in winnings, as well as giving them \u00a3130 in free bets and donating \u00a3130 to a charity of their choice, which was Water Aid. Bob Holmes placed a \u00a320 Each-Way bet on Blaklion for the 2017 Grand National, with his wife, Nancy Holmes placing \u00a325 Each-Way on Definitely Red. Her sister, Rhoda Robertson, placed her \u00a320 Each-Way wager on Ucello Conti.<\/p>\n

The 2017 running was won by One For Arthur, but Blaklion came forth in order to ensure that the family at least got some money from Joe Robertson\u2019s initial hunch that Red Rum would be able to win the National for the second time in succession. Whilst William Hill had always tried to settle late claims as much as possible, the company\u2019s spokesperson, Graham Sharpe, admitted that they were surprised at a claim coming in 43 years after the event.<\/p>\n

It just goes to show that it really doesn\u2019t matter how long after a bet has been settled you find your betting slip. It\u2019s always worth getting in touch with the company that you placed it with and finding out if they\u2019re of a mind to settle it for you. They don\u2019t have to do it, but often they\u2019ll do so because they publicity that they might get from making it public will far outweigh what they\u2019ve had to payout in winnings.<\/p>\n","protected":false},"excerpt":{"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…<\/p>\n","protected":false},"author":4,"featured_media":0,"parent":468,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"acf":[],"yoast_head":"\nIs There A Time Limit On Claiming Winning Bets? - NewBettingSites.co<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.newbettingsites.co\/articles\/is-there-a-time-limit-on-claiming-winning-bets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Is There A Time Limit On Claiming Winning Bets? - NewBettingSites.co\" \/>\n<meta property=\"og:description\" content=\"In the modern world, everyone has busy lives filled with work, sports to watch and friends to see socially. 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