How “Edit Bet” Works in Sports Betting
Several online sportsbooks offer an “edit bet” feature that allows customers to edit their wagers after they’ve been placed. The edit bet feature gives bettors enhanced flexibility and control after placing their wagers, allowing for increased risk management and the ability to adapt to changing circumstances.
Bet365 and BetMGM are the two most prominent online sportsbooks with a bet edit feature, each with a slightly different naming convention:
The bet editing feature at both sportsbooks allows users to:
- Add selections: Add legs to existing parlays
- Remove selections: Remove legs from parlays, which is particularly useful if one leg is looking risky
- Swap selections: Replace one leg with another on a wager
- Change bet type: Convert singles into parlays and vice versa
- Increase stake: Increase the size of a bet
Key Things to Know About Editing Bets
Edit bet is only available when cash out is available on the wager. Essentially, the sportsbook recalculates the value of your existing bet (via cash out) and then uses that cash-out value to create a new bet with your desired changes.
However, there are a couple of exceptions to this rule: when bettors use edit bet to add selections to parlays or to increase the stake – but only if all selections on the bet slip are still pre-match and there have been no changes to the odds.
Additionally, it’s important to keep the following in mind when editing outstanding bets:
- The odds will change: When you edit a bet, the new prices will reflect the current live market odds, not the odds you originally took
- Availability varies: Only a handful of sportsbooks support bet editing, and it may not be available on all events, markets, or bet types, and is typically only an option when cash out is also available.
- Time delays: There is often a slight delay when a sportsbook processes an edit bet request, and if the odds change or a market is suspended during that time, the request might be unsuccessful.
- Bonus consideration: If you’re claiming a welcome bonus, be sure to check the offer’s terms and conditions before using the edit bet feature. Many sports betting bonuses have terms that impact customer eligibility if they use the edit bet feature.
What Makes the Edit Bet Feature Useful
The edit bet feature comes in handy for limiting losses, maximizing last-minute opportunities, and adapting to changing circumstances.
For example, bettors may want to edit their bets if there is late-breaking team/player news, a sudden change in weather, an on-field injury, or changing game dynamics that indicate an existing bet may be in trouble. Similarly, bettors can use the edit bet feature to increase their stake if the game is going well for a selection they’ve backed.
The edit my bet feature is also useful for risk management. For example, customers can use it to minimize losses if one leg of a parlay is doing poorly and seems destined to lose, which would result in a total loss. Removing the risky leg reduces the potential payout but can potentially salvage a parlay that would have lost outright.
Likewise, bettors edit existing parlays to secure partial profits. If a parlay is looking good but you’re worried about one outstanding leg, you can remove a risky leg to lock in some profit.
And finally, the edit bet feature is useful for correcting user mistakes. If you accidentally submit a wager with the wrong team or fat-finger the bet size button, you can use the edit bet function to reduce the stake or swap it for another within the same market.
How to Edit Bets at Bet365
Editing a bet on Bet365 is straightforward:
- Go to the My Bets section.
- Select Cash Out.
- Click on the Edit Bet option in the top right of your bet slip.
- Once the Edit Bet mode gets enabled, choose one of the offered selections. The selections may include adding, swapping, removing, changing your bet type, and increasing your stake.
- Once you choose your selection and you get your edited bet, select Save Changes and then press Confirm.
Bet365 Edit Bet Rules
- Eligible bet types: Singles, parlays, and some in-play wagers
- Restrictions: Boosted odds and special promos are not always editable; same applies for niche or rapidly moving in-play markets
How to Edit Bets at BetMGM
Edit My Bet is slightly more limited and parlay-focused compared to Bet365’s Edit Bet feature, but it’s just as straightforward to use:
- Go to the My Bets section
- Bets with a Cash Out options will show an “Edit My Bet” option
- Tap/click to make changes and resubmit
BetMGM Edit My Bet Rules
- Eligible bet types: Typically available for singles, parlays, and some SGPs
- Restrictions: Certain promos, boosted odds selections, and during rapid line movements