Defining "Settlement"

At Betano, a settlement refers to the resolution of a bet or wager, determining whether it is a winning or losing outcome. When you place a bet on a sporting event or casino game, the settlement occurs once the event or game has concluded, and the final result is determined.

For sports betting, the settlement happens after the match or event has finished, and the official result is known. If your bet is a winner, the corresponding winnings are credited to your account. On the other hand, if your bet is unsuccessful, you will not receive any winnings, and the amount you staked will remain deducted from your account balance.

In casino games, the settlement occurs at the end of each game round. Depending on the outcome of the game, your bet may result in a win or a loss. If you win, your winnings will be added to your account balance. If you lose, the amount you staked on the game will be deducted from your account.

Be aware that your balance might not change before you exit the game, but you will be provided with an in-game balance, as shown below as well.

Settlement is an essential aspect of betting and gambling, as it determines the financial outcome of your bets and helps maintain fairness and transparency in the betting process. Betano ensures accurate and timely settlement of all bets to provide a smooth betting experience for its users.

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