When Are Winnings Paid Out?

When Are Winnings Paid Out?

When creating the event, the bookie needs to set the date and times for:

- When the event will close to new bets. This should be a time before results could potentially be known.

- By when the results will be posted. This should be a time after results should be known, and by which time the bookie should have reasonably submitted results.

Results can only be posted between these two times. These times are displayed on all event pages.

As an example:

Bill creates an event based on who will win the local darts tournament at his local pub. There are 6 contestants, which means the event has 6 selections.

The tournament starts at 7pm on August 16th 2008. Bill therefore decides to close the event to new bets at 6pm on August 16th 2008.

The tournament is estimated to end by 10pm on the same night. Bill therefore decides to post results by 3pm on August 17th 2008 (the next day). This gives Bill plenty of time to find out the results, and to log-in to ToteDaddy to post the results.