Rules and Regulations

Please be aware that the information we provide on prohibited territories applies to both locals and guests. If an account from a non-restricted region tries to access and engage in betting activity from a restricted territory, it will be limited.
Australia and its territories, the United Kingdom of Great Britain, Northern Ireland, Spain, Cyprus, the United States of America and its territories, France and its territories, the Netherlands and its territories, and the nations that make up the Kingdom of the Netherlands, including Bonaire, Sint Eustatius, Saba, Aruba, Curacao, and Sint Maarten, are all considered restricted territories.
If any player’s wins are determined to originate from a prohibited area, we reserve the right to nullify them.

Terms and conditions include the Exchange Rules and Regulations (“Exchange Rules”).
All wagers made on Exchange markets are subject to the Exchange Rules. Exchange “Multiples” items are also subject to the Exchange Rules; for further information, see the Multiples section below. The following are included in the Exchange Rules:

• The current INTRODUCTION section (Part A);
• The GENERAL RULES (set out in Part B below);
• The SPECIFIC SPORTS RULES (set out in Part C below – these apply to certain sports and to financial markets);
• The MARKET INFORMATION (located on every market either under the tab entitled “Rules” or under the ‘Rules’).

Unless otherwise specified in the Market Information or the Specific Sports Rules, all bets are subject to the General Rules. The Specific Sports Rules will take precedence over the General Rules in the event of any discrepancy. Except in cases where the General Rules or Specific Sports Rules use the phrase “regardless of what it says in the Market Information” or similar language, the Market Information will take precedence over the General Rules or the Specific Sports Rules in the event of any discrepancy.
The General Rules and Market Information will be applicable for any market or category that isn’t covered by the Specific Sports Rules (such as beach volleyball or “Special Bets”).

The Market Information is offered for informational purposes as a quick reference for market management. Rules on market settlement may also be included in the Market Information, but they should always be read in connection with the applicable Specific Sports Rules and the General Rules. Each market’s Market Information will often include a link to the Rules and Regulations page.
It retains the right to suspend any market at any time at its sole discretion, including to carry out necessary administration and/or to take any necessary action to protect the customers, even though the Market Information may provide guidance on how markets will be managed.
With the exception of fixing glaring mistakes and, where necessary, adding wording to make the Market Information more understandable, it is not permitted to change the Market Information once a market has been loaded.

Customers are responsible for being familiar with all of the Exchange Rules that are applicable to the market in which they want to wager. Customers must thus take the time to go over and comprehend the whole set of market rules and regulations, as they are essential to guaranteeing an honest and open betting experience. It is insufficient to simply depend on the market information offered for a particular market, as it could not contain all of the pertinent regulations. Customers must refer to the detailed Exchange Rules because, although the Market Information provides helpful information about the market, it is unlikely to include every relevant regulation or situation that might occur.
Customers should be especially cautious when it comes to “Special Bets” marketplaces since they are inherently unpredictable and may contain special factors that reduce the certainty of results. Customers are entirely in charge of constantly maintaining their own betting positions in these markets because of this volatility. This entails keeping a close eye on the status of their wagers and modifying their plans as necessary to react to market shifts.
The market information offered for “Special Bets” marketplaces should be carefully read by customers. Understanding how the market will be controlled and how results will be decided depends on this knowledge. For instance, the Market Information could provide certain settlement requirements or conditions that are exclusive to a market. Customers may prevent potential misconceptions about how the market functions and make better judgments by being aware of these nuances. The consumer is ultimately in charge of making sure that betting decisions are accurate and clear.

Customers should get in touch if they have any queries or issues about the Exchange Rules or market settlement.
Customers should give specifics of their complaint if they are unhappy with the way a wager or market has been handled.

a) General

• Certain guidelines will be followed to guarantee fairness and clarity in the bet settlement process if a market is not scheduled to be turned in-play but does not suspend at the appropriate moment. This implies that if a market that was supposed to be pre-play only keeps taking bets during the event because of a technological glitch or oversight, the matter will be addressed appropriately;
• Any bets matched beyond the event’s designated “off” time will be deemed null and invalid in situations where the event has a ‘off’ time. The official start time of the event, as decided by the exchange or event organizers, is referred to as the scheduled “off” time. For instance, any bets placed or matched after 3:00 PM will be void if a horse race is scheduled to start at that time. This regulation preserves the integrity of the betting process by making sure that no wagers are placed unfairly after the event has begun;
• In the absence of a specified “off” time, the exchange will make a good faith effort to ascertain the event’s real “off” time. The precise “off” time is when the event starts, as determined by trustworthy sources or the information that is currently accessible. Any bets matched after this decided ‘off’ time will be invalidated once the real start time is known. This procedure uses every feasible method to determine when the event started, ensuring fairness even in cases where there is no set or publicly known start time;
• At the beginning and end of the event, it seeks to suspend in-play markets using its best efforts. Nevertheless, it does not ensure that such markets will be halted at the appropriate moment, regardless of what is stated in the Market Information;
• It won’t partially halt decisions or results in an Exchange market that has been activated;
• Clients are always in charge of overseeing their in-play wagers;
• Customers should be aware that transmissions that some broadcasters refer to as “live” may really be pre-recorded or delayed for the purposes of in-play betting. The setup that they are using to receive images or data may affect how much of a delay there is.

b) All markets that are not suspended during the “off” period, with the exception of Australian and soccer markets:

• It attempts to utilize its reasonable efforts to turn in-play markets that are due to be turned in-play at the time of the ‘off’. The Market Information should provide the “off” time for these marketplaces. It does not, however, ensure that these markets will be suspended and put into play at the time of the “off,” notwithstanding what is stated in the Market Information;
• All bets matched after the designated time of the “off” will be worthless if a market is scheduled to be turned in-play but does not suspend the market and cancel unmet bets at the time of the “off” or if the market is not turned in-play with unmatched bets cancelled at any point during the event;
• In the case that there is no set “off” time, the event will make every effort to identify the real “off” time, and any wagers placed after that time will be deemed invalid;
• All wagers matched after the ‘off’ period will remain in effect if a market is planned to be turned in-play but does not stop the market at that time (thus unmatched bets are not canceled at that time).

b) Soccer markets—apart from those in Australia—that do not halt play at kickoff or in the event of a Material Event.
Not suspending at kick-off:

• It aims to make use of its reasonable efforts to turn soccer markets that are scheduled to be turned in-play at kickoff and to suspend them in the event of a Material Event (see the definition of “Material Event” below);
• The Market Information should include the pertinent planned kick-off time. Nevertheless, it does not ensure that such markets will be suspended and put into play at kickoff, regardless of what is stated in the Market Information;
• All wagers placed after the planned kick-off time will be worthless if a market is supposed to be put in-play but is not suspended at kickoff or turned in-play at any point during the game;
• Any wagers that are corresponded to after the scheduled kick-off time and before the first “Material Event” will stand if a market is scheduled to be turned in-play but not suspended at kick-off (so unmatched bets are not cancelled at that time). If there have been many “Material Events,” however, all wagers that are matched between the initial “Material Event” and the market going into play will be nullified.

Refusing to pause until a Material Event occur

• It has the right to cancel bets that are unjustly matched after a Material Event has happened if it fails to halt a market in time for the event to occur. These wagers may be voted on in real time during the event or after a game is over.

The meaning of “Material Event”

• For the purposes of these Exchange Rules, a “Material Event” is defined as a goal, penalty, or player substitution.

d) In-play Australian markets

• In particular, if the Australian market that is scheduled to be turned in-play does not suspend the market at the ‘off’, then all bets matched after the scheduled time of the ‘off’ but before the market is turned in-play will be void, regardless of the other in-play rules mentioned above. The event will make every effort to discover the true “off” time if there isn’t one planned. Any wagers placed after the established “off” time will be nullified.

a) General

• Markets shall be resolved in accordance with the Specific Sports Rules and/or the Market Information;
• Markets will be settled on the official result of the relevant governing body regardless of any subsequent disqualification or amendment to the result (unless an amendment is announced within 24 hours of the initial settlement of the relevant market in order to correct an error in reporting the result). This will happen in cases where the Market Information or Specific Sports Rules do not specify how and on what basis a market will be settled;
• Information from independent sources will be used to establish the outcome if there is no official result from a relevant governing body available. Under such circumstances, if any new information becomes available to the public within 48 hours of settlement, it must (reasonably) decide whether to (i) reinstate or resettle the market in light of the new information, or (ii) wait for more information before making such a decision. Any information that enters the public domain more than 48 hours after a market has been resolved will not be taken into consideration, unless it has stated that it is awaiting more information. This is true regardless of whether the information may have had a different outcome;
• It retains the authority to halt market settlement for an indefinite amount of time if there is any doubt regarding the outcome or possible outcome until the doubt is sufficiently addressed. If the settlement uncertainty cannot be satisfactorily resolved, it retains the authority to nullify any market.

b) Resettlement

• Usually, markets are resolved soon after the event in issue concludes. As a purely customer service advantage, it may settle (or partially settle) select markets prior to the official outcome being announced (or it may boost a client’s ‘available to bet’ balance by the minimum potential wins of that customer on a particular market). It does, however, retain the authority to change the market’s settlement if: (i) the official outcome differs from the one that initially settled the market; or (ii) the entire market is ultimately void (for example, due to an abandoned event);
• If a market is settled incorrectly, for example, due to a technical or human error, it retains the power to overturn the settlement. This implies that there is the power to fix a market that has been settled erroneously because of an error, whether it was brought on by a technological problem, a human error, or a system breakdown. For instance, the market can be reversed and settled again using the right information if a result is recorded incorrectly or if a system malfunction causes an inaccurate outcome to be proclaimed;
• A customer’s balance may need to be adjusted to reflect changes in market settlement if a market is resettled. This implies that any modifications to the result or the amount gambled may necessitate adjusting the customer’s account balance when the market is reversed and reset. After the resettling, a customer’s balance may be changed to reflect the new, right result if they had previously received rewards based on the inaccurate settlement. Similar to this, the resettlement procedure can ask a client to refund the money if their wager was mistakenly canceled or settled in their favor. This would guarantee that the right amount of money is credited to their account.

c) Non-runners, withdrawals and disqualifications

• If a market has a statement in the Market Information that reads, “All bets stand, run or not” (or something similar), then all bets on a team or competitor will stand regardless of whether the team or competitor starts the event or participates in it. This is subject to the Exchange Rules’ exceptions or the market’s right to void bets under its terms and conditions;
• Customers should consult the applicable Specific Sports Rules in cases where the Market Information does not state that all wagers will remain valid regardless of participation;
• As long as at least one other team or competitor finishes the event, a team or participant will be considered a loss if they are disqualified, withdraw, or forfeit after the tournament has begun. All wagers shall be worthless if no team or participant finishes an event after it has begun, with the exception of wagers on any markets that have been decided upon without reservation.

d) Winner with [named selection]’ markets

• Occasionally, it could provide marketplaces that rely on a certain competitor’s involvement. All market wagers will be nullified if the competitor listed in the market information or in a “Winner with…” market title does not take part in the competition. For instance, if there was a tennis market called “Winner with Federer,” all wagers would be nullified if Federer did not compete. Bets would still stand, though, if no other competitors took part;
• If a team or athlete participates to the degree required to document an official result or classification (including any disqualification but omitting any “did not start” or comparable classification), they will be considered to have participated.

• Certain markets have various regulations, which are detailed in the Market Information or the Specific Sports Rules. However, in cases where a market lacks regulations regarding abandonment, cancellation, and/or postponement in either the Specific Sports Rules or the Market Information, the following will be applicable;
• Regarding any race, particular event, game, fixture, match, or the like: All market wagers for this event will be nullified if the event is not finished within three days of the planned completion date, with the exception of wagers on any markets that have been decided upon without reservation;
• Regarding any tournament, competition, or the like: Any markets pertaining to the event will be settled in line with the official decision of the relevant governing body, provided that decision is made within 90 days of the scheduled completion date, if the event is not finished within three days of the scheduled completion date. Bets on any market associated with this event shall be null and worthless if no official decision is made within these ninety days, with the exception of markets that have been decided without reservation. Part-settled bets will be reversed and all market wagers will be worthless if a market is to be void but has been partially settled out of consideration for clients;
• It will determine (in a reasonable manner) if a market is related to a match or a tournament. But as an illustration, the following will be relevant: Tournaments for (i) the Europa League outright, (ii) the Champions’ League Group outright, (iii) the top Premiership goal scorer, (iv) the tennis tournament outright, (v) the 5-day cricket test match, and (vi) the Ashes Series outright winner.

• Venue modifications may be subject to special regulations in some markets; these regulations are usually mentioned in the Market Information and/or the Specific Sports Rules. Participants are guaranteed to understand how venue modifications are managed for each sport or market thanks to these precise standards. The following basic guidelines will be in effect if a venue change is not expressly covered in the particular sports regulations and/or market information for a particular event or market;
• Only in specific circumstances will all bets be nullified for any team sport if the planned location is altered after the market has been loaded. This will specifically happen if the original away team’s home field is the replacement location. Because the original away team would now be playing in a familiar setting, this rule guarantees fairness in situations when the venue change may give them an unfair advantage. This prevents scenarios in which the match’s location deceives gamblers;
• If the planned location is altered after the market has been loaded, all wagers will remain valid for all markets or categories save team sports. This implies that, provided the sport does not entail team dynamics where venue changes might materially impact the result, the wagers will still be enforceable even if the event’s site changes;
• After the market has been loaded, all bets will remain in effect if the planned surface type changes (for example, from grass to hard court or vice versa). To ensure that betting stays steady despite surface changes, the exchange does not deem surface type changes to be substantial enough to nullify the wagers.

• The Specific Sports Rules and/or the Market Information list the various regulations that apply to certain markets. However, the following will be applicable if it isn’t included in the Market Information or the Specific Sports Rules;
• All bets will be invalidated if an event’s scheduled duration is altered after the market has loaded but before the event begins;
• Some markets make reference to how long it will take for an event to occur (e.g. time of first goal). An incident shall be considered to have occurred at the conclusion of the normal time period if it occurs during stoppage or injury time following any regular time period. For instance, in a soccer match, a goal scored during stoppage time in the first half will be considered to have happened inside 45 minutes;
• Every wager is valid for the whole applicable “regular time” period, including stoppage time. It excludes any penalty shootouts and/or extra time;
• When a certain number of “days” is mentioned in these Rules and Regulations, it refers to the end of the day local time after the expiration of the designated number of days. For instance, if a soccer match is set for December 1st, the regulation that permits the contest to be finished within three days of the specified completion date (see above paragraph 3) would indicate that the match must be finished by December 4th at 23.59:59.

• The Specific Sports Rules and/or the Market Information list the various regulations that apply to certain markets. However, the following will be applicable if it isn’t included in the Market Information or the Specific Sports Rules;
• For one-time events, “Match Bets” are decided by the team or contestant with the best time, score, or final place. Unless otherwise noted in the Specific Sports Rules and/or the Market Information, bets are null and invalid if none of the teams or competitors participating in the match finish the event or record a score, time, or finishing position. As long as at least one other team or competitor completes the event or records a score, time, or finishing position, any competitor or team that does not finish an event or register a score, time, or finishing position after participating in the match bet event will be declared a loss;
• The team or competitor that advances to the next round (whether they participate in the subsequent round or not) or who finishes in the final or same heat of the competition or event with the best score, time, or finishing position wins “match bets” for advancement in that competition or event with multiple heats or rounds. Dead-heat regulations will apply regardless of where the teams or competitors finish in their respective heats if they do not qualify in the same round of the competition but in different heats. Following each round, markets will be partially settled, and any ensuing fines, disqualifications, or changes to the qualifications or outcomes won’t have an impact on the market. If one or more of the competitors or teams are disqualified, the disqualified competitor or team will be considered to have advanced further in the competition or event than all of the competitors or teams that were eliminated from the competition or event before the disqualification. They will also be considered to have finished last (or joint last if there are multiple disqualifications) among the competitors or teams that are still competing. Disqualification shall be deemed to have occurred when the team or participant was eliminated from the competition by the appropriate governing body, not when the disqualifying incident occurred;
• All relevant match bets will be nullified if one of the teams or athletes does not participate in the tournament;
• All bets, with the exception of those on markets that have been determined unconditionally, will be void if an event or tournament is canceled or has its duration shortened to the point where a competitor or team does not finish the match bet, event, or tournament for any reason other than withdrawal or disqualification.

• The Specific Sports Rules and/or the Market Information provide explicit rules that apply to certain markets and may change according to the sport or event. These regulations are meant to give players precise instructions on how the market will be resolved and the standards by which results will be judged. These thorough guidelines guarantee that clients fully comprehend how wagers are managed in various situations. Nonetheless, the basic guidelines listed below will be applicable if the matter is not specifically covered in the Specific Sports Rules or the Market Information for a certain market. This offers a backup structure to deal with circumstances that more detailed regulations might not specifically address;
• Any “to qualify” markets, including those that inquire as to whether a team or competitor will “reach the final” of a tournament, shall be decided by whether or not the team or competitor satisfies the requirements outlined in the Market Information. This implies that the competitor or team’s ability to advance to the following round or event—regardless of whether they continue to compete or are successful in that subsequent stage—is the only factor that determines the market outcome. The market will be resolved when the qualifying phase is over and the outcomes are known. The market outcome will not be impacted by any subsequent disqualification or modifications to the outcome, such as changing who qualifies or who is disqualified after the qualifying stage is over. This guarantees that when the qualification procedure is complete, the market result is definitive.

• The Dead Heat Rule applies to wagers on a market with more winners than anticipated (as specified in the Market Information), unless otherwise specified in the Specific Sports Rules and/or the Market Information;
• The stake money is first lowered proportionately for each wager that is matched on a pertinent winning selection by multiplying it by the total number of anticipated winners (as stated in the Market Information) and dividing that total by the number of actual winners (stake multiplied by (number of expected/number of actual)). The ‘Reduced stake’ (reduced stake multiplied by traded price) is then used to pay the rewards to the successful backers, while the leftover stake money is distributed to the relevant tiers;
• Assume, for instance, that three horses are in a dead race for first place. “Client B” has chosen the other side of this wager, while “Client A” has staked $300 on one of the winners at the market price of 4.0. To determine the decreased stake (100) and the balance awarded to the layer (200), the stake (300) is multiplied by 1/3 (i.e., the number of predicted winners (1) divided by the number of actual winners (3)) once the event is resolved. After that, the backer gets the decreased stake (4 x 100 = 400) multiplied by the trading price matched (4.0). In this case, Client B’s net losses are 100, while Client A’s net gains are 100 (400 payment less the initial 300 stake). Another way to look at this would be to divide the total money paid to the trading price by the quantity of dead heaters. This would be 300 at the transacted price of 4.0 (1200) divided by 3 in the case above, resulting in 400 payments and 100 net wins;
• As an additional illustration, let’s say there is a golf event with a clear winner and seven competitors tied for second place. In the “top 5 finish” market, four further designated winner spots would be available following the selection of the top 5 market winners. “Client B” has taken the other side of this wager, while “Client A” has backed one of the winners for 300 at the market price of 4.0. To determine the decreased stake (171.43) and the amount awarded to the layer (128.57), the stake (300) is multiplied by 4/7, which is the number of predicted winners (4) divided by the number of actual winners (7). After that, the backer gets the decreased stake (4 x 171.43 = 685.72) multiplied by the trading price matched (4.0). In this case, Client B’s net losses are 385.72, whereas Client A’s net gains are 385.72 (685.72 payment less the initial 300 investment);
• For the purposes of this provision of the Exchange Rules pertaining to dead heats, the phrases “Client A,” “Client B,” and “appropriate layers” shall be construed in respect to consumers whose betting counterparty.

Exchange Multiples, a kind of wager that combines several selections into a single wager, are particularly subject to the Exchange Rules. These guidelines are intended to make sure that everyone involved understands the terms governing numerous wagers inside the exchange.

• Each member in the exchange serves as the counterparty to the bet, thus when clients place a multiple bet, they are effectively betting with each other. This indicates that other individuals who are prepared to take the other side of the wager are placing the wager rather than a bookmaker;
• A multiple bet is made up of a number of “legs,” each of which is one or more selected options from any particular event market. The multiple bet is made up of the legs, each of which represents a different market event or result;
• The exchange retains the right, in its sole discretion, to reduce the stakes in specific circumstances or to reject specific multiple bets. This implies that depending on variables like risk management, the platform may choose to exclude specific bets or lower a wager’s amount if it deems it essential;
• The Exchange Rules that apply to each individual sport in the wager apply to all multiple bets. This guarantees that the bet stays fair and constant and that the particular regulations for each event are adhered to;
• Exchange Multiples has a maximum payment limit of £1,000,000. This implies that the total payment to the bettor cannot be more than £1,000,000, regardless of how successful the multiple bet is;
• Consumers can use back, lay, or a combination of back and lay options when placing an Exchange Multiple bet. Customers are not permitted to have both lay and back choices in the same leg, though;
• The odds for a leg will be “dutched” if clients pick several options in it. This means that the odds will be added together to represent the likelihood that any one of the options in the leg will win (if backed) or that all of the options will lose (if lay);
• Customers must input each Exchange Multiple bet independently if they want to place a cross-multiple bet, which is more than one selection in each event market without the use of “dutched” pricing;
• The odds offered by the Exchange Multiples product will be primarily based on the pertinent singles markets on the Exchange, with the exception of Exchange Multiples bets struck at Starting Price (“BSP”). Any winning multiple bet will be subject to commission, as detailed in the website’s Charges section;
• The odds provided on each leg of an Exchange Multiples wager will be deducted from the BSP by 5%, but any gains from Exchange Multiples wagers placed at BSP will not be subject to commission;
• A BSP each way Exchange Multiple bet is a wager on the same selections to place as well as a wager on the selections in the multiple to win. A £4 total stake is involved in a £2 each way double, for instance, which entails a £2 wager on both selections to win and a £2 wager on both selections to be put. The multiples win market information displays the amount of spots available for each event in each manner, and this number is static. The relevant place leg of any multiple wager will be nullified if the number of runners is equal to or fewer than the number of spots available;
• Any Exchange Multiple bet must have a minimum total stake of £2. For instance, a 20p “Yankee” (11 bet combinations) with a £2.20 total stake is allowed. Nevertheless, a £1 double (1 bet combination) with a total wager of £1 or a 1p “Heinz” (57 bet combinations) with a total stake of £0.57 will not be allowed. The minimum total stake that applies to an Exchange Multiple bet for clients betting in currencies other than English Sterling will be computed as shown in the above example, although it need not be the same as £2;
• It will choose which markets are open to Exchange Multiples at its own discretion. The events specified in each individual Exchange Multiple category (such as UK football matches for a certain day) will be accessible to Exchange Multiples. Exchange Multiples will not be accessible in every market;
• With the exception of the rule immediately below, all bets on a leg will be invalid and the Exchange Multiple bet will be modified appropriately if any selection in that leg is a non-runner or otherwise void under the Exchange Rules (such as an abandoned match). A triple with one blank leg, for instance, will turn into a double. This implies that the entire leg will be null and void if clients have several options in any leg (‘ditching’ scenarios) and one of those picks is a non-runner. A single wager will remain in place if voided legs result in an individual wager inside a multiple becoming a single wager;
• If customers have several selections in any leg and one of those picks is a non-runner, the leg will stand for Exchange Multiples bets placed at BSP, regardless of the regulation mentioned above;
• Certain Exchange Multiple combinations, such as those with related contingencies (i.e., where the occurrence of one event is likely to impact the chances on the outcome of another event), may be rejected. This might occur automatically while placing the wager. Alternatively, it may nullify the individual bet combinations that contain two or more of the associated contingency options if such a wager is made in mistake;
• It occasionally offers unique markets on connected events, such as those that are part of its regular markets (i.e., not the Exchange Multiples product). For instance, it may provide a market on Chelsea to win the English domestic double (i.e., the Premiership and FA Cup);
• The prices displayed merely serve as an approximate indication for the price available for each leg and the total multiple when placing any Exchange Multiple bet. When the multiple bet is actually placed, consumers will be able to view the fixed pricing for each leg and the overall multiple price they get, with the exception of Exchange Multiples bets struck at BSP. This client should consult the ‘help’ files for further information.

• There is a Starting Price (‘SP’) on the Exchange. Exchange SP bets (sometimes known as “SP bets”) are a subset of Exchange bets. While the market is halted at the “off” of the event in question, the SP is determined by balancing all SP bets and other Exchange bets. Directly below are the specifics of this computation;
• Note that once an SP bet is placed, it cannot be canceled for any customer;
• The odds on each option are determined and bets are matched at the beginning of the event. SP is a fixed odd bet. By comparing SP backers and other Exchange backers to SP layers and other Exchange layers, the chances are determined. To guarantee that SP backers receive the advantage of unmatched Exchange offers to lay if those offers may raise the SP and SP layers receive the benefit of unmatched Exchange offers to back if those offers could lower the SP, additional Exchange bets must be included in the SP reconciliation. Incorporating mismatched other Exchange into the SP reconciliation also guarantees that, where feasible, the wagers of other Exchange layers and backers that would otherwise expire are matched;
• A lay bet at SP has a minimum liability of £10, while a back bet has a minimum liability of £2 (or the corresponding currency in each case);
• For instance, pick A has £1,000 in backers’ stakes, £6,000 in layers’ liabilities at SP, and £500 in unmatched other Exchange back bets that may be laid at an average of 5.0. In this instance, the SP would be 7.0 if we disregarded the Exchange market. This would, however, leave unmatched additional Exchange back bets that might have likewise been matched against SP layers at their desired price. As a result, the SP will be 5.0, and all SP layers and supporters will be priced similarly. Additionally, the £500 stakes of Exchange supporters will be matched at the price of 5.0 against the SP layers that they have selected;
• Example 2: The backers’ stakes on pick B total £831, the layers’ liabilities at SP total £4,428; moreover, there are four other Exchange lay bets that may be backed: £20 at 6.8, £31.13 at 6.6, and £100 at 6.4. The SP in this instance will be 6.68. This is computed by taking into account the £20 and £31.13 that are available to back at 6.8 and 6.6, respectively, and weighing them against the liabilities of SP layers and the stakes of SP backers. Since adding any of this amount would cause an imbalance between SP backers and SP layers, the £100 that is available to be backed on the Exchange at 6.4 is still unmatched;
• Although the SP may be shown to two decimal places, rounded up or down as necessary, in the appropriate market view (or in any form or results data), it is computed to six decimal places for each option. Following reconciliation, each selection’s complete SP may be accessed by clicking on the runner graph that corresponds to it;
• It will use all available data to determine the SP if, for whatever reason, the site is inaccessible when an event begins or if the SP cannot be reconciled at the “off.” To be clear, this information will not be restricted to wagering on the relevant market or markets. In order to guarantee a fair SP in certain situations, a licensed betting operator inside the group may also serve as a risk counterparty to SP bets. No unreported personal or other interest in the SP in issue shall be held by the staff members who are responsible for determining the SP in such cases;
• It will attempt to reverse the reconciliation if the SP reconciliation procedure is started too soon, allowing the SP to be established at the beginning of the event. However, there could be situations when this isn’t feasible, in which case the first reconciliation will serve as the basis for the SP;
• SP bets (including SP limit bets), “At In-play: Take SP” bets, and “At In-play: Keep” bets will all return to their pre-reconciliation status in the event that an SP reconciliation is reversed. “At In-play: Cancel” bets will either stay cancelled if they are not matched during the reconciliation process, or if they are matched during the reconciliation process, they will return to their pre-reconciliation unmatched status;
• The SP will be calculated using only SP bets (and “At In-play: Take SP” bets that are unmatched when suspending the relevant market) placed prior to the “off” if the SP reconciliation process is carried out later than planned (that is, after the event has begun) and finds that a material event has occurred (this will typically mean that the event is not turned in-play). As a result, “At In-play: Take SP” wagers that are matched after the off will be nullified and excluded from the reconciliation procedure. Furthermore, SP wagers made after the “off” will not be honored. All wagers will remain valid, nevertheless, if the SP reconciliation procedure is carried out later than expected and finds that no significant event has taken place;
• A win bet at SP and a “to be placed” bet at SP will be handled as two distinct bets if an SP “each way” option is available;
• Any unmatched bets that have been changed to ‘At In-play: Take SP’ will become SP bets if unmatched bets are canceled for any reason before a market enters play. It is not possible to cancel those bets after they have been converted.

➢ Party against whom you are betting at S

• You are wagering against other patrons when you put a wager at SP. Nonetheless, it serves as a counterparty throughout the SP reconciliation process to balance the liabilities of SP bets and other Exchange bets.

➢ Placing a SP bet

• Customers can request an SP bet in two distinct ways by selecting the ‘SP’ option in the market view. They are as follows:
• The ‘Set SP odds limit’ box in the upper right corner of the bet manager must be left unchecked in order to initiate a bet at SP. You must specify the stake you want to wager on the selection when placing a back bet. You must indicate the amount of liability you are willing to risk against the selection when placing a lay bet; in other words, the amount you are willing to lose should the selection win (or be placed as appropriate);
• Choosing the ‘Set SP odds limit’ option is the second method of placing a wager at SP. This allows you to propose a wager at SP conditional on either minimum SP odds for a back bet or maximum SP odds for a lay bet. When the event begins, the relevant bet will expire if SP is longer than the maximum price requested by a layer or shorter than the minimum price required by a backer. The bet will be matched at the SP if SP is more than the lowest price a backer has asked or less than the maximum price a layer has requested. As is the current practice for all Exchange bets, bets that have an SP equal to the price limit that customers have set will be included depending on the time they were filed, on a first come, first served basis. This implies that these wagers could be partially or completely matched;
• Please be aware that the matched price for an SP back bet with an odds limit requested may be adjusted to a price below the lower limit requested if a non-runner cannot be removed from the relevant market until after the event is over. This applies to all bets matched at or before the “off” of any reduction factor, including SP bets. Additionally, even if the odds on the selection, with any post-race adjustments for the late non-runner, are less than the maximum odds asked, an SP lay bet request with the highest odds requested could not be matched;
• At any point prior to the commencement of the event, if an SP bet with an odds limit is requested, the minimum/maximum odds can be decreased for a back bet or stretched for a lay bet. However, as previously stated, once a consumer has filed an SP bet request, they are unable to cancel it. Below are specifics on how non-runners affect the SP.

➢ Exchange bets which are unmatched at the ‘off’

• Instead of clicking on the ‘SP’ of your choice, you place a standard Exchange wager by selecting the odds of your pick from the market view. Such an exchange wager may be modified and canceled in the regular course of business if it is entirely or partially mismatched. In the past, when a market was paused at the “off” of the relevant event, mismatched bets were automatically canceled. Now, you have the choice to have your unmatched Exchange bet “persist” when the event begins (see the “keep” option below) or have it converted to an SP bet when the market suspends at the beginning of the event;
• To convert your unmatched Exchange bet to an SP bet while the market is suspended, go to the bet manager and pick the ‘At In-Play: Take SP’ option. If there is a non-runner in a win market with a reduction factor of at least 2.5% or a non-runner in a place market with a reduction factor of at least 4%, all lay bets on all other runners in the market will be canceled. In the event of a non-runner, instead of being cancelled, a lay bet with the ‘At In-Play: Take SP’ option will be converted to an SP bet. Following this conversion, the bet cannot be canceled. Otherwise, unlike an SP bet, you can cancel an Exchange bet after it has been placed, even if you opted to have the bet endure or convert to an SP bet before the commencement of the event;
• Your Exchange lay bet’s obligation will be changed to the SP bet’s responsibility if you decide to convert an unmatched Exchange lay bet to an SP bet. Never will your liability for the SP wager exceed your liability for the Exchange wager you chose. The ultimate SP, however, may determine how much you may earn on the SP lay bet vs how much you would have gained if the Exchange bet had been matched.

➢ Adjustments to SP bets for non-runners

• Regardless of whether a non-runner or withdrawal takes place, the exchange will not adjust the stake or odds that the customer first requested when it comes to SP (Starting Price) back bets. This implies that the parameters of the back bet, including the odds and stake, will not alter in the event that a participant withdraws from the competition or if anything else changes. Customers who have chosen the SP limit option do, however, have some leeway. When a non-runner withdraws, they might modify their expectations for the beginning price by lowering the minimum SP odds they are ready to accept on a selection;
• The exchange will modify the customer’s obligation for SP to lay bets on win markets according to the reduction factor(s) of the surviving runner(s) and any non-runners. The reduction factor is a figure that represents how the market has changed after a runner has been pulled, making sure that the backers’ stakes and the layers’ liabilities are fairly distributed and in line with the updated market circumstances. This implies that the liability on the lay bet is adjusted to take into consideration the elimination of a non-runner, guaranteeing that the layer’s risk is commensurate with the altered market conditions;
• If a maximum odds limit is chosen for an SP lay bet on a win market, the limit will be lowered by the non-runner’s reduction factor, as long as the non-runner has a reduction factor of at least 2.5%. This guarantees that, following the removal of the non-runner, the layer’s maximum liability is modified appropriately to reflect the updated market circumstances. To ensure uniformity in the betting process, the maximum odds limit will not be changed if the non-runner’s reduction factor is less than 2.5 percent;
• The exchange will nonetheless lower the customer’s liability in the event of SP lay bets on place markets, taking into account the reduction factor or factors of any non-runners. The computation process is somewhat different, nonetheless, in accordance with the use of place market reduction factors. In order to ensure that the layer’s responsibility is recalculated to reflect the changing structure of the place market, the liability reduction will be based on the reduction factor of the runner who has been removed from the market. The loss of a runner will alter the possible outcomes and associated liabilities in a place market, for example, if the emphasis is on the available positions (such as first, second, or third);
• The potential earnings on the bet (odds minus 1) will be lowered by the reduction factor of the eliminated runner in cases where the lay bet on a place market has a set maximum odds limit. This guarantees that the payoff potential of the wager will be modified proportionately to the market fluctuations after the withdrawal. Should the non-runner have an effect on the bet’s maximum odds limit, the limit will be modified appropriately;
• In the event of a non-runner, SP lay bets will not be cancelled. Only the required modifications to the liability and maximum odds restrictions are made to reflect the changes in the market brought on by the non-runner, and the exchange guarantees that the lay bets stay valid.

• Customers can request that an unmatched Exchange bet not be canceled when the market is turned in-play for markets that are scheduled to be turned in-play at the ‘off’. When other unmatched bets are canceled at the beginning of the event, the unmatched bet remains in place. This is accomplished by choosing the ‘At In-Play: Keep’ option in the bet manager (and verifying that request);
• When a late withdrawal occurs, there may be insufficient time to remove the non-runner from the market before turning it in-play. If it can assess that the late withdrawal is a major runner (i.e., a selection with a reduction factor of about 20% or higher in the win market), it has the right to cancel ALL lay ‘keep’ bets (in both the win and ‘to be placed’ markets) before turning the market in-play. If it does not cancel lay ‘keep’ bets in the event of a late withdrawal, all such bets placed before the off and matched in-play will stay at the original price specified. This implies that such lay ‘keep’ bets will not be liable to this late withdrawal reduction factor, which will be applied after the race to bets matched at or before the ‘off’;
• Alternatively, retains the authority to cancel ‘keep’ bets in exceptional cases to protect customers; however, unless specified in the market rules or market information, the general principle is that no ‘keep’ bet will be cancelled unless it remains unmatched when the market is closed (for the final time) at the end of the event. To minimize confusion, this implies that (for example), if a Material Event happens in a soccer match and other unmatched bets are cancelled before the market reopens, a hold bet is not cancelled.

• All references to time periods in the Exchange Rules are specifically linked to the time zone in which the occurrence occurs. When a football game’s start time is mentioned, for instance, it refers to the local kick-off time unique to the game’s location and not to any other time zone. Because time zones might vary significantly based on the event’s physical location, this guarantees that all attendees are aware of the precise times in reference to where the event is taking place. Customers must thus take the local time zone into account when wagering on events;
• With the intention of providing accurate and trustworthy data, the exchange provides all information in good faith. The exchange, however, disclaims all responsibility for any inaccuracies or omissions in the data it makes available, including but not restricted to publishing prices, runners, timings, scores, results, or any other general statistics. Even if every attempt is made to guarantee the authenticity of the material, errors may nonetheless happen from time to time. This disclaimer aids in shielding the exchange from any liability arising from unintentional mistakes or omissions in the information provided to users;
• Although mistakes may occur, the exchange has the right to fix any glaring inaccuracies. The exchange will take all appropriate action to quickly correct any errors that are found. This involves making certain that markets are run as transparently and honestly as possible, which is essential to preserving market equity. Error correction ensures that everyone involved can trust the exchange’s procedures;
• It reserves the right to revoke the market and (as long as it behaves reasonably) to void all bets matched on the market if an incorrect team or competitor name (apart from minor spelling errors) is displayed, if an incorrect number of teams, competitors, or outcomes are displayed in any market, or if a market is loaded with incorrect information (for instance, a wrong exposure algorithm or a cross matching tool using an incorrect algorithm), or if there is any glaring error, like the incorrect deployment of the cross matching tool;
• Customers are responsible for ensuring that the option on which they place a wager is what they intended. For example, if a competitor has the same name as another individual who is not competing in the relevant event, it is the customer’s responsibility to ensure that they know which competitor has entered the relevant market and that they are betting on their preferred competitor;
• The exchange also reserves the right, at any time, in its sole and absolute discretion, to suspend an Exchange market. This can happen for a variety of reasons, such as technical difficulties, issues with data accuracy, or to ensure the integrity of the market;
• It has the entire and full power to halt betting on a market at any moment (even if the suspension occurs earlier than expected under the Exchange Rules). To protect market integrity and fairness, it may also void specific bets or the whole market;
• It maintains the right to modify the Exchange Rules at any moment;
• It retains the right to cancel mismatched bets in order to safeguard clients at any moment;
• Market settlement includes winnings/losses on bets, as well as commission costs;
• Will be rounded either up or down to the closest two decimal places (however numbers pertaining to profits or losses on BSP bets will always be rounded down, never up). As an illustration, £3.333 will be paid as £3.33, whereas £3.335 will be settled as £3.34 (with the exception of a sum pertaining to gains or losses in relation to BSP bets);
• For reference purposes only, the Exchange Rules have been developed in a number of languages besides English. The English version will take precedence over the non-English version in the event of any discrepancies.

➢ General

• All bets will be invalid if a ball is not bowled during a tournament, series, or match, with the exception of those on markets where the outcome has been decided without reservation, such as the “Completed Match” market;
• All wagers will be settled in accordance with the official outcome if a match is cut short due to inclement weather, including limited overs contests where the outcome is decided using the Duckworth Lewis method;
• All wagers will be nullified if a match is settled by a bowl-off or coin toss, with the exception of those on markets that have been resolved without reservation.

➢ Test matche

• The event organizers reserve the option to cancel all bets placed on that match if it starts but is later called off for any reason other than weather-related conditions, which can include but are not limited to things like a dangerous or unplayable wicket or outfield, pitch vandalism, strikes or boycotts, crowd protests or violence, stadium damage, acts of terrorism, or acts of God (like natural disasters). However, an exception exists for markets that have been unconditionally determined. These are markets where the outcome is already known and cannot be influenced by the abandonment; such bets will remain valid and be paid in accordance with the preset outcome;
• There are a number of reasons why the match might not be finished within five days of the initial completion date, including logistical problems or unanticipated events. With the same exemption for markets that have been decided without reservation, any wagers on the event’s markets will likewise be invalid in such a case. Because the outcome can no longer be ascertained within the modified time period, this guarantees that wagers on events that were unable to proceed because of the delay will not be settled.

➢ Limited Over matches

• All wagers on the event will be forfeited if the match is deemed a “No Result” because of conditions like bad weather or other disruptions that make it impossible to draw a conclusion, with the exception of markets that have been decided without reservation. Bets cannot be collected as originally scheduled since the “No Result” judgment leaves the contest unfinished. Markets where the result is already known, such those that are not impacted by the match’s conclusion, will still be in effect;
• All bets placed after 30 minutes prior to the first day’s planned start of play will be invalidated if a fresh toss is held on a scheduled reserve day for a limited-overs match. This is true for all markets with the exception of those that have been decided without reservation, including those pertaining to winning the toss or particular toss combinations. Because they are based on a fresh set of variables, this rule makes sure that any wagers made following a major change in the situation—for example, the tossing of a new coin on a reserve day—are not taken into account.

➢ Super Over rule

• Who is going to win this Super Over? Upon receiving notification that a Super Over is scheduled to be played, the supplier will suspend this market on-site and activate it. When the Super Over begins, the market will be put into action. All consumers are responsible for managing their holdings because this market will not be actively maintained. Depending on how many runs either side scores in the first Super Over, this market will be resolved. Unless there are many Super Overs, in which case the market would be resolved on the winner of the last over, if scores are tied at the end of both innings in the Super Over, the market will be settled as a Dead Heat. For the purposes of this market, any tiebreaker that may be used to decide a winner—such as coin toss, losing fewer wickets, having more boundaries, or having more sixes—does not count.

• If a Material Event occurs and a market is not suspended promptly, it retains the authority to invalidate bets that were unjustly matched after the Material Event has taken place. Voiding of these bets might happen in real time during the event or after a game is over;
• All bets will be invalid if a match has not begun (or is believed to have not begun) by 23:59 (local time) on the planned start day, unless the wagerer is aware that the match has been rescheduled to take place within three days of the original start date;
• With the only exception of any markets that have been unconditionally determined, all markets will be void if a match begins but is later postponed or abandoned and it is thought that the match will not be finished by 23:59 (local time) on its scheduled start date. This is unless the market is aware that the match has been rescheduled to take place within three days of its original start date. Except in the event that the match is resumed from the beginning, all bets will remain valid if it is aware that the game will be played within three days;
• According to the match authorities, all wagers on friendly matches are valid for the whole play, including any stoppage time. All bets will be void if a friendly match begins but is later canceled or postponed and is not finished (i.e., the entire amount of play as determined by the match officials, plus any stoppage time) within three days of the scheduled start date, with the exception of bets on markets that have been determined without reservation. If match officials are unsure about the official results, information from independent sources will be used to decide the outcome (acting reasonably);
• All bets matched on the impacted markets will be nullified if an official fixture contains different team information than what is stated (such as the team name, reserves, age category, gender, etc.). Bets will remain valid in all other circumstances, including when a team name is stated without the phrase “XI” being specified. The website has the authority to cancel all bets matched on the impacted markets if an official fixture is displayed under the wrong competition name;
• Bets on a team getting demoted will be paid as winning bets if, at the end of a season, the team finished inside the applicable relegation slots (often any of the bottom three league positions) and was relegated from the league. If a team is eliminated, disqualified, or kicked out of a league for any other reason (that is, if it did not complete the season in one of the appropriate relegation positions): (i) All bets on the affected market will be void if the team is disqualified, thrown out, or removed from the league before the relevant season has begun (and a new market will be loaded later); and (ii) all bets on the affected team will be void if the team is disqualified, thrown out, or removed from the league after the relevant season has begun (or if the applicable governing body determines during the season that the team will be thrown out or removed from the league after the season is over). For the avoidance of confusion, wagers on a team being relegated will be settled as winning wagers if the team receives a point deduction that positions it in the relegation spots that apply to the relevant league at the end of the season;
• After the first league game is played, the relevant season will be considered to have begun. Individual match markets will not be considered “affected markets” for the purposes of this regulation;
• The shirt number assigned at the beginning of the game will be the subject of “shirt numbers” wagers. Own-goal scorers will be included in “shirt numbers” wagers. The number 12 will be assigned to any player whose jersey has no number on it;
• Regardless of stoppage time, the first half is considered to last 45 minutes for “time of first goal” bets (also known as “First Goal Odds” markets). Please take note that the “0 – 10 Minutes” option for these markets also includes the opening ten minutes of the game. To put it another way, it operates from 0:00 till well before 10:00. The “11 – 20 Minutes” option is available from 10:00 until the minute before 20:00. Every other choice in this market is subject to the same rule;
• Only the goals scored in the league or competition specified in the Market Information are counted during ‘top goalscorer’ markets. For instance, goals scored for a different club in the same league will count, but goals scored in a different league won’t if a player joins a team in the middle of the season. Personal objectives won’t be taken into account;
• These will be decided based on the number taken rather than rewarded in markets that are related to the number of incidences that will occur, such as the “number of corners”;
• Information from independent sources shall be used to establish the outcome (acting reasonably) for markets that are related to the number of bookings given, the number of corners taken, any goal scorer, or the time of a certain goal. In these situations, if any new information becomes available to the public within 48 hours of settlement, it must (reasonably) decide whether to (i) reinstate or resettle the market in light of the new information, or (ii) wait for more information before making a decision. Any information that enters the public domain more than 48 hours after a market has been resolved will not be taken into consideration, unless it has stated that it is awaiting more information. This is true regardless of whether the information may have had a different outcome.

• The player or team that advances to the next round or wins the tournament (in the event of a final) will be automatically deemed the winner of that match or an event if a player or pairing is forced to retire or is disqualified during any match. This is only applicable in specific circumstances, though. All wagers on that particular match shall be deemed null and invalid if, at the time of retirement or disqualification, fewer than one complete set has been played. This implies that wagerers will get their money back for that game and that no bets will be paid;
• If the tournament itself is reduced, postponed, or canceled, bets on markets that include the frequency of particular events within a tournament will be nullified. This rule is in effect because such modifications affect the event’s final result, making any predictions about what will happen throughout the tournament invalid. This rule does have certain exceptions, though. Bets will remain in place and be paid as originally planned if a market has been unconditionally decided, which means the result is already known or cannot be altered because of the particulars of the market;
• All tennis match wagers will still be enforceable even if the venues are changed. This covers circumstances in which, irrespective of the surface type, the match is rescheduled to a different location. For instance, the legality of bets on a match that was initially supposed to take place on grass is unaffected if it is switched to a hard court or clay court. This regulation guarantees the protection of bettors’ stakes in spite of any logistical changes made throughout the competition;
• Unless the market has been definitively established, the results of such bets will often be null and invalid if the scheduled length of a match is changed, such as the number of games or sets needed to win. This covers instances in which extraordinary events, such inclement weather, cause a match to be curtailed or prolonged. Markets on “Match Odds” or “Set Winner” for particular events, such Davis Cup matches or “dead rubber” matches, are exempt from this rule. Bets will remain valid in certain situations if the match is cut short (for instance, from five sets to three sets), provided that the change complies with the competition’s regulations;
• A retirement or disqualification during a game or set will make bets on that particular game or set market null and invalid if markets are established on individual games or sets within a match. With the exception of situations in which the markets have been unconditionally defined, this also holds true for all individual games or set markets, guaranteeing that only those whose results have already been decided upon with certainty be resolved.