When you learn how to be a bookie, you always begin with the wager types, line management, player management, and the other crucial skills you need to know. And as a bookie, you also need to know how to manage wagers when the games themselves encounter problems. If there are problems with the game, then there will likely be complications in your sportsbook. This is when you see terms like action and no action in sportsbooks. But what exactly do they mean, and how will it affect your bookie business?
Action and No Action: What It Means
Every sportsbook, such as those who use Discount Pay Per Head has Action. Basically, action means you have a wager on a certain event. An Example would be: “I have some action on the Nets game this weekend”. Another way of using the term Action in a sports betting context is when you talk about the schedule of games available. It’s example: “What’s the action tonight?”
But its quite uncommon to hear No Action in sports betting. You will probably be getting a lot of that now, due to the Coronavirus pandemic shutting down the sports world. Casino pay per head sites are getting a lot of action (no pun intended), as there is little activity in sportsbooks. During these times, you will see that a wager will have a grading of No Action. Its meaning is very simple: there is no game, no winner, no loser.
The result is similar to a push result in a bet. What does this mean for your wager? It means the players will get their money back, with no penalty to both players and bookies. A No Action will happen when a game is cancelled, or if a key player will not be playing. No Action can also happen if the game will not extend to a specific number of plays or game time to complete the game. Usually, weather, injuries, staff decisions or even personal reasons can cause this.
In today’s landscape, you will see some No Action wagers on events that have already been cancelled (Tennis championships, for instance). Some wagers, however, are still listed in sportsbooks for sports leagues and events that are still technically postponed (MLB, NBA), and have not even started yet (NFL).