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. The Lomi Bet settlement rules may vary by sport, market and promotion. Final settlement depends on the official result and the applicable rules in the Terms and Conditions, so check those details before placing a bet.
What Bet Settlement Means at Lomi Bet
Settlement is the process of assigning a final status and calculating the return on a bet after the relevant result has been confirmed. Depending on the market and its rules, a bet may be marked won, lost, void, partially void or cashout settled. A partially void outcome applies only where the relevant market rules allow it.
- Won: The selection meets the stated conditions, and the return is calculated using the applicable odds.
- Lost: The selection does not meet those conditions; the stake is generally not returned.
- Void: The selection is cancelled for settlement purposes, usually with the stake returned.
- Partially void: Only part of a bet or market is voided, where its rules provide for that outcome.
- Cashout settled: If cash out is available on your market and you use it, the bet is settled according to the displayed cash-out terms.
These statuses explain how bets are settled in Ethiopia at a basic level, but the sport, market wording and published rules determine the result in a particular case.
How Winning Bets Are Calculated
For a standard decimal-odds bet, use these formulas:
Potential return = stake × odds
Net profit = potential return − stake
For example, a stake of ETB 160 at decimal odds of 2.35 gives a potential total return of ETB 376 (160 × 2.35). The net profit is ETB 216 (376 − 160). Total return includes the original stake; profit does not. The actual settlement is subject to the market result and applicable rules.
Decimal odds express the total return for each unit staked, including the stake itself. This Lomi Bet winning calculation is for a standard cash stake. If a bet uses bonus funds or a free bet, separate terms may affect how the stake and any return are treated. Check the applicable Lomi Bet bonus code and bonus rules before using promotional funds.
Single Bets, Accumulators and System Bets
A single bet is settled on one selection. An accumulator, also called a multi bet, combines several selections: normally, each must win for the accumulator to win, unless the market rules say otherwise. A system bet covers a set of combinations, so each combination is assessed under its own outcomes. A void selection may change the number of active combinations.
For example, a four-selection accumulator has a stake of ETB 120. The first selection wins at 1.75, the second is void, and the remaining two win at 1.60 and 1.25. The void selection is treated as odds 1.00:
Adjusted odds: 1.75 × 1.00 × 1.60 × 1.25 = 3.50
Total return: ETB 120 × 3.50 = ETB 420
Net profit: ETB 420 − ETB 120 = ETB 300
This illustrates the usual treatment of one void selection in an accumulator; check the specific market rules, especially for system bets or promotions.
What Is a Void Bet?
The void bet meaning is straightforward: the selection is not settled as either a win or a loss. In most cases, the stake is returned after the market is reviewed. For settlement calculations, a void selection in an accumulator usually has odds of 1.00, leaving the other selections to determine the adjusted return.
Possible reasons include a cancelled event, a match abandoned and not completed within the official settlement period, an obvious odds or pricing error, a player not participating, a market offered incorrectly, a duplicate or technical error, an unconfirmed official result, or a material change to the event format. A void does not necessarily mean that every selection on a multi bet is void.
Refunds and Returned Stakes
A refund is the return of a stake, not a win, bonus or net profit. A stake refund betting outcome can apply when a bet or selection is void under its rules. Returned funds may be credited to the main balance or, for a bonus-funded bet, handled under the applicable bonus terms. A disputed settlement may require manual review before the balance is updated.
| Situation | Typical settlement |
|---|---|
| Official result confirmed | Bet settled as won or lost |
| Match cancelled before starting | Bet may be void; stake returned |
| Selection void in an accumulator | That selection is usually set to odds 1.00 |
| Obvious odds error | Bet may be voided or recalculated under the rules |
| Bonus stake used | Bonus terms may affect the settlement |
The timing and balance location of a return depend on the bet type and any review required. A refund should not be treated as winnings.
Cancelled, Postponed and Abandoned Events
A cancelled event does not take place; a postponed event is rescheduled; and an abandoned event starts but is not completed. A suspended market is temporarily closed to new bets and is not, by itself, a final settlement decision.
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 and the applicable market terms determine the outcome. Read the current Terms and Conditions for the rules that apply to your bet.
Football Bet Settlement Rules
For markets described as covering 90 minutes, settlement usually includes regular time and stoppage time, but not extra time or penalties. Extra time or penalties count only when the market expressly says they are included. Check the market name before placing a football bet; Lomi Bet football bet settlement can differ by market.
Own goals, VAR decisions and official score corrections may affect the result used for settlement. First goalscorer, anytime scorer and other player markets depend on whether the player participated and on the specific market rules. If a match is abandoned, only markets whose outcomes were already conclusively determined may be settled; other markets may remain open or be voided under the rules. See Lomi Bet football markets for the relevant product information.
Live Bet Settlement and Odds Changes
Live bets use the same basic principles of settlement, but the event is in progress when the bet is placed. Odds may change before acceptance, and a bet may be rejected if the price moves. A delay may apply before confirmation; a suspended market cannot accept new bets while it is closed. Once accepted, settlement follows the official data and the applicable market rules. Details are available on the Lomi Bet live betting page.
Keno and Games Settlement
Keno and games do not use sports-market settlement in the same way. Their outcomes generally depend on the game round, the published paytable and the technical status of the game. Check the rules for the particular product and round rather than applying sports betting rules to a game result. Visit Lomi Bet keno or Lomi Bet games for product-specific information.
When a Bet May Be Recalculated
A settled bet may be reviewed if an official result is corrected, the wrong player, team or event was linked to a market, a data provider corrects settlement information, a technical mistake affected the displayed outcome, or market rules were applied incorrectly. A displayed status may therefore change following a correction made under the applicable rules.
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.
How to Check Settled Bets in Your Account
- Log in to your Lomi Bet account using the Lomi Bet login page.
- Open bet history or transaction history.
- Select the settled bet you want to review.
- Compare its stake, odds, status and return.
- Contact support if the result still looks incorrect.
Keep the bet details available when asking for a review. A transaction entry can help distinguish a returned stake from a winnings credit.
Disputes, Corrections and Support
When reporting a settlement concern, include the bet ID or ticket number, the date and time of the bet, the event and market names, and a short explanation of what appears incorrect. Add a screenshot if available. This information can help support identify the market and review the settlement; it does not guarantee a particular outcome.
For a formal review, use the Contact Us channel and refer to the relevant market rules. Check the current legal and regulatory information and service availability for Ethiopia before betting.
Responsible Betting and Legal Notes
Betting involves financial risk and should not be treated as a way to earn income. 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. Players should check the current availability and legal status of Lomi Bet services in Ethiopia before placing bets.
See the Age Restriction Policy, Legal Status in Ethiopia and Responsible Gaming pages for further information. Responsible gaming tools are available on the responsible gaming page. Set limits that suit your circumstances and stop if betting is causing concern.
FAQ
What happens if one selection in my accumulator is void?
In a standard accumulator, a void selection is usually treated as odds 1.00. The remaining selections continue to determine the result, and the total return is calculated using the adjusted odds. Other market or promotional terms may change the treatment, so check the rules shown for your bet.
Is a refunded stake counted as profit?
No. A refunded stake is the return of the amount you placed, not a gain. Profit is the amount left after subtracting the original stake from a winning bet’s total return. A refund may be credited separately from winnings and may be returned to a different balance if bonus funds were used.
Are extra time and penalties included in football settlement?
Not usually for a market that covers 90 minutes: that generally means regular time plus stoppage time. Extra time and penalties are included only when the market wording says so. Read the specific market description, since different football markets can use different periods or settlement conditions.
How long can a postponed match remain unsettled?
There is no single period that applies to every event or market. A postponed match may remain open while the operator waits for completion within the official settlement period. If it is not completed within that period, the bet may be voided. Check the applicable rules or ask support about the specific ticket.
Can Lomi Bet recalculate a settled bet?
A settlement may be reviewed if, for example, an official result is corrected or settlement data is amended. If an error is identified, the result may be adjusted according to the applicable rules. Check your bet history and provide the ticket details to support if you believe the recorded status or return is wrong.
What does odds 1.00 settlement mean?
Odds 1.00 means that a selection contributes no additional multiplier to the calculation. For example, a void selection in an accumulator is usually treated this way, leaving the other odds to determine the adjusted return. It does not mean that the full accumulator is automatically void or that a profit is guaranteed.
Last updated: 16 October 2025
Reviewed by: Editorial team
Author: Marta Kebede
Marta analyzes payment journeys in ETB, from selecting a deposit method to reviewing withdrawal conditions. She checks supported channels, limits, fees, KYC triggers, and published processing stages. Observed transaction times are reported as individual tests rather than guarantees for every customer.