This guide explains the Lomi Bet bet settlement rules for players in Ethiopia, including how winning and losing bets are recorded, when void bets apply, and how refunds are handled. Settlement follows the market and sport rules, confirmed results, and applicable Terms and Conditions. The examples show typical calculations; the final treatment of a bet can depend on the specific market and any promotion used.
What Bet Settlement Means at Lomi Bet
Settlement is the final status and calculation applied to a bet after the relevant result has been confirmed. A bet may be marked won, lost, void, or partially void where the market rules allow. If cash out is available on your market and you use it, the bet may instead be settled under the cash-out terms shown at confirmation.
A suspended market is not necessarily a settled bet: it may simply be unavailable while an event or result is reviewed. Check the bet status and market rules in your account rather than assuming that a temporary change means the selection has been cancelled.
How Winning Bets Are Calculated
For a standard decimal-odds bet, the basic calculation is:
- Potential return = stake × odds
- Net profit = potential return − stake
For example, a stake of ETB 240 at decimal odds of 2.35 gives a total return of ETB 564 if the selection wins (ETB 240 × 2.35). The net profit is ETB 324 (ETB 564 − ETB 240). Decimal odds include the stake in the total return; profit is the amount above the original stake. A losing bet does not produce a return under the usual rules.
This Lomi Bet winning calculation is a general guide, not a promise of a result. A bonus or free bet may be treated differently, including how the stake is returned. Check the applicable conditions on the Lomi Bet bonus code page before placing a bet with promotional funds.
Single Bets, Accumulators and System Bets
A single bet depends on one selection. An accumulator, also called a multi bet, combines selections: ordinarily, every selection must win for the accumulator to win, unless the market rules state otherwise. A system bet is made up of separate combinations, so each combination is settled according to its own selections; a void selection can change the active combinations.
Consider a three-selection accumulator with a stake of ETB 120. The first selection wins at 1.65, the second is void, and the third wins at 1.40. The void selection is treated as odds 1.00, so the combined odds are 1.65 × 1.00 × 1.40 = 2.31. If the accumulator wins, the total return is ETB 277.20 and the net profit is ETB 157.20. The return includes the stake.
In many accumulator markets, a void selection is reduced to odds 1.00 while the remaining selections continue to count. The final treatment still depends on the market and the published rules. For system bets, review the ticket’s combinations rather than applying the accumulator calculation to the whole stake.
What Is a Void Bet?
A void bet is not counted as a win or a loss. Usually, the stake is returned, and a void selection in a combination is treated as odds 1.00. This is the basic void bet meaning; it does not mean that every affected bet receives an immediate refund.
Possible reasons include a cancelled event, a match abandoned without being completed within the official settlement period, a confirmed pricing error, a market offered incorrectly, a player not participating where the market rules provide for it, or an unresolved result. A material change to the event format or a duplicate or technical error may also require review. In most cases, the stake is returned after the market is reviewed.
Refunds and Returned Stakes
A refund returns the stake; it is not winnings, profit, or an additional bonus. Where the stake came from bonus funds, the returned amount may be credited under the applicable bonus rules. A manual review may also be needed before a disputed refund is posted. The balance location and timing can depend on the original payment type and account records.
| Situation | Typical settlement |
|---|---|
| Official result confirmed | Settled as won or lost under the market rules |
| Match cancelled before it starts | Bet may be void and the stake refunded |
| One accumulator selection is void | That selection is commonly treated as odds 1.00 |
| Obvious odds or market error | Bet may be voided or recalculated under the rules |
| Bonus stake used | Bonus terms may affect the settlement or returned balance |
These are typical outcomes, not a substitute for the conditions applying to a specific bet. In particular, stake refund betting does not create a profit: a returned stake is simply the amount originally risked being credited back.
Cancelled, Postponed and Abandoned Events
A cancelled event does not take place; a postponed event is moved to a later time or date; an abandoned event starts but is stopped before completion. A suspended market is temporarily closed to new bets and is not, by itself, evidence that the event or bet has been voided.
If an event is postponed, Lomi Bet may keep the bet open until the event is completed within the official settlement period. If the event is not completed within that period, the bet may be voided. The Lomi Bet cancelled match rules can vary by sport and market, so check the relevant Terms and Conditions and the terms shown for your bet.
Football Bet Settlement Rules
For football markets labelled 90 minutes, settlement generally covers regular time and stoppage time, but not extra time or a penalty shootout. Extra time or penalties count only when the market explicitly includes them. These Lomi Bet football bet settlement rules should be read alongside the exact market wording before a bet is placed.
Official score corrections, own goals, and VAR decisions can affect the result used for settlement. First goalscorer, anytime goalscorer, and other player markets depend on the player’s participation and the specific rules. If a match is abandoned, only markets whose outcomes are already final may be settled; other markets may remain open or be voided under the applicable rules. See Lomi Bet football for the sport area.
Live Bet Settlement and Odds Changes
Live bets follow the same broad settlement principles, but the event is in progress when a bet is placed. Odds may change before acceptance, a bet may be rejected if the price moves, and a confirmation delay may apply. A suspended market cannot accept new bets while it is closed.
Once accepted, a live bet is settled using the official data and the rules for that market. A rejected bet is not an accepted wager and should not be treated as a settled loss. Check the ticket for its acceptance status and the displayed price. More information is available on Lomi Bet live.
Keno and Games Settlement
Keno and games do not use sports-market settlement rules. Their outcomes and any return are generally determined by the game round, the applicable paytable, and the technical status of the game. Check the rules displayed for the particular product: Lomi Bet keno and Lomi Bet games.
When a Bet May Be Recalculated
A settlement may be reviewed if an official result is corrected, the wrong player, team, or event was linked to a market, a data provider updates its outcome, a technical error affected the displayed result, or the market rules appear to have been applied incorrectly.
If a settlement error is found, Lomi Bet may adjust the result according to the official rules. Check your bet history and contact Lomi Bet support if the balance does not match the expected outcome. A displayed result may be subject to correction where the applicable rules allow it.
How to Check Settled Bets in Your Account
- Log in to your Lomi Bet account using Lomi Bet login.
- Open bet history or transaction history.
- Select the settled ticket and review its event and market.
- Compare the stake, odds, status, and return shown.
- Contact support if the status or balance appears incorrect.
Keep the ticket details available when asking about a settlement. If you do not yet have an account, review the applicable terms and eligibility requirements before using the registration process.
Disputes, Corrections and Support
For a settlement query, provide the bet ID or ticket number, the date and time of the bet, the event and market names, and a short description of the issue. Include a screenshot if available. These details can help support identify the ticket and review the relevant market information. Avoid sharing account passwords or payment security codes.
For the rules that govern account use, licensing information, and availability in Ethiopia, consult the relevant published terms and legal information. Players should check the current availability and legal status of Lomi Bet services in Ethiopia before placing bets.
Responsible Betting and Legal Notes
Betting involves financial risk, and losses are possible. Only adults who meet the legal age requirements may use betting services. Read the Terms and Conditions before placing bets; settlement rules may differ by sport, market, and promotion. Check the Age Restriction Policy and the Legal Status in Ethiopia information before using the service.
Responsible gaming tools are available on the Responsible Gaming page. Set limits appropriate to your circumstances and do not treat betting as a way to earn income.
FAQ
What does odds 1.00 settlement mean?
Odds 1.00 means that a selection contributes no multiplier to the combined odds. If a selection in an accumulator is void and the rules treat it as 1.00, the other active selections may continue to determine the outcome. It does not independently add profit or increase the stake.
Why was my bet refunded instead of paid as a win?
A refund may mean that the event or selection was void under the relevant rules, rather than settled as a winning outcome. The stake is returned, but no winnings are added for that void bet. Review the ticket status and market terms; if the result appears inconsistent, send the ticket details to support for review.
Are extra time and penalties included in football settlement?
Not usually for a market that specifies 90 minutes: this generally includes regular time and stoppage time, but excludes extra time and a penalty shootout. They count only when the market wording says they are included. Check the exact market description, as settlement depends on the selection placed.
Can Lomi Bet recalculate a settled bet?
A bet may be reviewed if official data is corrected, the wrong event or participant was linked, or a technical or settlement error is identified. Any adjustment must follow the applicable rules. Check your bet history for an updated status and contact support with the ticket number if you need the reason explained.
How long can a postponed match remain unsettled?
The applicable settlement period depends on the sport and the published rules. A postponed event may remain open while it is expected to be completed within that period. If it is not completed in time, the bet may be voided. Check the event’s ticket status and the relevant terms for the rule that applies.
Is a refunded stake counted as profit?
No. A refund returns the stake and is not profit or winnings. For a winning bet, net profit is the total return minus the stake. If the original stake was promotional, the amount returned and where it is credited may be governed by separate bonus conditions.
Last updated: 20 February 2025
Reviewed by: Lomi Bet Content Review Team
Author: Robel Alemayehu
Robel specializes in comparative sportsbook research. He explains meaningful differences in markets, platform design, payment rules, account verification, and support rather than declaring a universal winner. Recommendations are tied to defined user needs and supported by current research, documented testing, and balanced discussion of drawbacks.