Dead Heat Explained: When a Tie Occurs
Dead heats are quite rare, which is why when they happen, sports bettors tend to scratch their heads. Here, we take a look at what exactly happens when a dead heat occurs and how wagers are settled at Nitrogen Sports.
What is a dead heat?
To put it simply – a dead heat is when you have more than one competitor finish an event in the same position. There are a handful of sports that can have dead heat scenarios but it’s commonly known in horse racing, where two horses cross the finish line and it’s too close to call, even with a photo finish as reference. You can also see a dead heat in golf tournaments, when more than one golfer shares the same position at the end of a tourney.
How wagers are settled
To settle a dead heat, the returns are calculated by dividing the stake by the number of selections involved in the tie.
2-way dead heat
- Bettor placed a 0.001 BTC wager on a horse race and the betslip shows a payout of 0.0019 BTC.
- A dead heat occurs between two horses (both placed first).
- All wagers affected by the two-way dead heat will have their stake reduced by half. With the stake now at 0.0005 BTC (1/2 of 0.001 BTC), the payout is set at 0.000995 BTC with the same odds.
3-way or more dead heat
- Bettor placed a 0.001 BTC wager on a Golden Boot (top scorer) prop for the World Cup and the betslip shows a payout of 0.0019 BTC.
- A dead heat occurs between three soccer players (all scored the same number of goals).
- All wagers affected by the three-way dead heat will have their stake reduced by two-thirds. With the stake now at 0.000333 (2/3 of 0.001 BTC), the payout is 0.00063 BTC.
Remember, it’s your stake that changes during a dead heat, not the betting line odds.
The chance for a dead heat to happen will vary depending on the sport. Specific betting lines like top scorer in a soccer event or a specific golfer reaching top 5 in a tournament are just a few examples where you could experience a dead heat.
For more more insight into sports betting, be sure to check out the Nitrogen Sports blog.