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What Does Wagering Ticket Mean In Sports Betting?

by Doc's Sports - 10/10/2014

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If I could choose two super powers to have, one of them would definitely be a photographic memory. Think about it, whatever information you see, you can retain and use it at a later date and sound like an expert on the topic. A photographic memory would also be ideal in the sports betting industry. Not only could you remember lines and odds from previous games, but you could memorize your bets without needing to refer to your “wagering ticket” every five minutes – especially if you have a lot of bets going on at one time.

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What is a Wagering Ticket?

When you hear someone referring to a “wagering ticket” they are talking about a simple piece of paper that tells you who you’ve bet on, how much you’ve wagered, the odds and price and the timing of the game. To keep it as simple as possible, a “wagering ticket” is like a receipt you would get from a store.

What is the Purpose of a Wagering Ticket?

The “wagering ticket” has two main purposes of use. The first being it allows you to keep track of all your bets and how much you’ve spent so far/stand to win if your bets are successful. The second purpose, and perhaps the most important purpose, is it acts as a voucher and allows you to collect your winnings from the sportsbook after a bet has won.

The important thing to remember regarding “wagering tickets” is that this ticket is as good as money. You do not want to lose it, or damage it in any way, shape or form. You will not be able to claim a lost ticket nor cash in a ripped or damaged piece of paper, thus missing out on collecting your winnings from that particular bet.

The “wagering ticket” has come along way since the olden days. Before computers took over the world, these tickets were hand written. Obviously, that would be a silly idea now with the introduction of fancy computer software and bar-code generated tickets.

Online Wagering Tickets

Since much of the sports betting world has moved out of physical sportsbooks and into the online world, keeping track of your wagers has become a lot easier. There aren’t any actual “wagering tickets” that you have to print out or send somewhere to claim your winnings. Instead, all wagers are recorded and can be viewed under a “recent transactions” or “bet history” tab.

Horse Wagering Tickets

“Wagering tickets” are just as much a part of the race track than the horses themselves. Each time you make a bet, a “wagering ticket” is printed with your selections on it. These tickets are just as important as the ones from the sportsbooks since this is the only way to claim your winning bet. The only problem with having a physical “wagering ticket” is that people love throwing their losing tickets on the ground which makes a massive mess.

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