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What is an “Open”, “Accepted”, “Completed”, “Cancelled”, or “Failed” conditional wager?

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What is an “Open”, “Accepted”, “Completed”, “Cancelled”, or “Failed” conditional wager?

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The “status” of a conditional wager falls into one of the following states: “OPEN” wagers have been submitted by the bettor but have NOT yet been sent to tote. “ACCEPTED” wagers have already been sent to and accepted by tote. “CANCELLED” wagers have been cancelled by the bettor before being sent to tote. “COMPLETED” wagers have been accepted by tote and the results of the bet have also been settled by tote. “FAILED”wagers have failed to satisfy their minimum odds/probable payoffcriteria and were NOT sent to tote -or- the bets were rejected by totefor some reason.

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