A Futures bet is based on the outcome of events that happen each year. Meanwhile, a Propositions bet is based on the outcome of a special event. All bets are final. There will be no payouts until the conclusion of the specified season for futures or the conclusion of the specified event for propositions.
If the bettor's selection (person, team, etc.) does not participate in the event for any reason, the bet is considered a loss.
The odds offered by the sportsbook may change between the time the bettor places his bet and the time the event starts; regardless, the bet is subject to the odds displayed at the time he placed his bet.
In the event of a dead heat for first place, stakes will be divided by the number of selections dead heating with the divided stake settled at full odds; remaining stake money is lost. The dead heat rule only applies to future bets. If the tie was a betting option, the dead heat rule does not apply.
For example, if there is a 3-way tie for the top scorer in a football game, his winnings are calculated by taking your stake, dividing it by 3, and multiplying that amount by the odds on his betting ticket.