Term
Settlement
The moment a bet is graded against the official result and the bankroll moves.
Definition
Settlement is triggered by the official result from the odds feed, normally within minutes of a match finishing. The bet is graded against the market it was placed on, the bankroll is adjusted, and the challenge counters — drawdown, ROI, pick count — update in the same transaction. A match that produces no result within 24 hours of kickoff has its bets voided and stakes returned instead.
Example
A $100 bet at 2.10 on a team that wins settles as WON: $210 returns to the bankroll, $110 of it profit. The same bet on a match abandoned at half-time is voided 24 hours later and returns $100.
Why it matters
Nothing about a challenge moves until settlement — a pending bet has already had its stake deducted but has not yet counted toward ROI, drawdown or the pick minimum.
Related terms
Push
A bet that finishes exactly on its line. The stake is returned in full and the bet counts as neither a win nor a loss.
Void
A cancelled bet. The stake is refunded in full and the bet is excluded from win rate, ROI and drawdown.
Closing Line ValueCLV
The difference between the odds you locked when placing a bet and the market closing odds — positive CLV signals a real edge.
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