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What is an Open Bet?

Explanation of what an Open Bet is in sports betting and how it functions.

Justin Jarvinen avatar
Written by Justin Jarvinen
Updated over 5 months ago

An Open Bet refers to a wager that has been placed but is not yet resolved, meaning the outcome of the event or events involved in the bet has not yet been determined.

In sports betting, Open Bets are common in situations where a bettor has made a selection on a game or event that hasn't occurred yet.

For example, if you place a bet on a football game that is scheduled for the weekend, that bet remains "Open" until the game concludes and the results are final.

Open Bets also allow bettors to create parlays (bets involving multiple selections) where not all picks have been chosen yet. This flexibility means you can make a parlay with a few selections and then add more to it over time before the final selections are resolved.

  • Once all parts of the bet have concluded, the Open Bet will be "Settled," and the outcome will affect your bankroll accordingly.

Understanding Open Bets is crucial for managing your betting strategy and keeping track of potential outcomes and profits.

Follow these steps to see your Open Bets:

  1. Log in to your Bankroll U account
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  2. Click the arrows at the top left side of the screen, or click "My Picks" at the bottom right

  3. Click Open Picks

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