Betfair.com

Where Better Bettor Bet

TOTE & EXOTICS

HELP AND FAQS

RULES AND REGULATIONS

 



CONTACT US

If you have a query or need assistance, please contact
us at any of the following:
Helpdesk
AUS - 1300 BETFAIR
(1300 238 324)
NZ - 0800 238 324

Email
ausinfo@betfair.com
nzinfo@betfair.com

Online betting news
betting.betfair.com.au

Telbet
AUS - 132 BET
(132 238)
NZ - 0800 TEL BET
(0800 835 238)

BETFAIR AUSTRALIAN RULES AND REGULATIONS


PART A - INTRODUCTION

1. USE AND INTERPRETATION

The Betfair Australian Rules and Regulations ("Betfair Australian Rules") are part of Betfair's terms and conditions. The Betfair Australian Rules apply to the following products that are offered under Betfair's Tasmanian Gaming Licence:

Australian Multis;

Tote Extra; and

Tote & Exotics.

The Betfair Australian Rules do not apply to Betfair exchange markets. The rules and regulations applicable to all exchange markets (including Australian exchange markets) are available at: http://www.betfair.com/aboutUs/Rules.and.Regulations/
The Betfair Australian Rules consist of the following:

This INTRODUCTION section (Part A);

The GENERAL RULES (set out in Part B below);

The SPECIFIC SPORTS RULES (set out in Part C below);

The SPECIFIC RACING RULES (set out in Part D below); and

The MARKET INFORMATION (located on the right hand side of the screen in certain markets under the tab entitled "Rules").

The General Rules apply to all bets unless stated otherwise in the Market Information or the Specific Sports Rules. If there is any inconsistency between the Specific Sports Rules and the General Rules, the Specific Sports Rules shall prevail. If there is any inconsistency between the Market Information and either the General Rules or the Specific Sports Rules, the Market Information shall prevail except where the General Rules or Specific Sports Rules use the phrase 'regardless of what it says in the Market Information' or similar wording.

For any category or market not referred to in the Specific Sports Rules (e.g. special bets or beach volleyball), the General Rules and Market Information (where applicable) will apply.

2. MARKET INFORMATION

The Market Information is provided only in certain markets for information purposes as an at-a-glance guide on how Betfair intends to manage the market. The Market Information may also contain rules on market settlement, however it must always be read in conjunction with the General Rules and the relevant Specific Sports Rules and a link to this Rules and Regulations page should be provided in the Market Information for each market.

Whilst the Market Information may give a guide to how markets will be managed, regardless of what it says in the Market Information Betfair reserves the right to suspend any market at any time at its sole discretion, including in order to carry out necessary administration and/or to take any necessary action to protect Betfair customers.

Betfair shall not amend the Market Information after a market has been loaded except to correct obvious errors and/or to add wording to clarify the Market Information where appropriate.

3. CUSTOMER RESPONSIBILITY

Betfair customers should make themselves aware of all of the Betfair Australian Rules affecting any market on which they wish to place a bet.

4. CUSTOMER BETTING DISPUTES

Any Betfair customer who has any concerns or questions regarding the Betfair Australian Rules or regarding the settlement of any Betfair Sportsbook market should contact Betfair via email at info@betfair.com or via the relevant country-specific Helpdesk email address or telephone number.

If a customer is not satisfied with how a bet or a market has been settled then the customer should provide details of their grievance to Betfair via email at info@betfair.com or via the relevant country-specific Helpdesk email address or telephone number. Betfair shall use its reasonable endeavours to respond to queries of this nature within a few days (but intends in any event to respond to all such queries within 14 days of receipt).

For disputes relating to all Betfair Sportsbook markets issued under Betfair Pty Ltd's Tasmanian Gaming Licence a customer can make a submission to the Tasmanian Gaming Commission via email to betexchange@treasury.tas.gov.au.
Following a TGC ruling Betfair reserves the right at its discretion to take appropriate action which may include, amongst other things, the following options: (a) reversing settlement for all bets placed on the relevant market, including making adjustments to customers' accounts where necessary; or (b) paying out any customer who placed a bet on the market their 'net position' if that customer would have been in a better position had the market been settled as the TGC determines (for example, if a customer would have won more money had the market been settled in that way, that customer will be paid the difference between what they originally received when the market was settled and the amount they would have won had the market been settled as the TGC directs).

5. INCORRECT BETTING INFORMATION

Betfair makes every effort to ensure that it does not make any errors when accepting bets. However, if as a result of technical or system problems or human error, a bet is accepted that is at odds (which includes handicap provisions or similar) and/or is on terms that are either:

Materially different from those available in the general betting market at the time the bet was made; or

Clearly incorrect given the chance of the event occurring at the time the bet was made including, in either case, because the bet was placed after the start of an event, because the market was not displaying or reflecting in-play status, or because of any other reason, then bets will be treated in the following way:

Betfair becomes aware of the error prior to the event starting:

The bet will be void with the bet amount refunded. Where this bet is part of a multiple bet, that leg of the multiple bet is removed and the dividend for the multiple bet is recalculated excluding that leg.

Betfair becomes aware of the error after the event has started or is completed:

The bet will stand HOWEVER Betfair will settle winning bets at the 'correct price'.

To establish the 'correct price', Betfair will consider prices available in the general betting market at the time the bet was made, including the prices offered by other major betting operators. Betfair will use reasonable endeavours to contact customers upon becoming aware of an error.

6. HANDICAP (LINE BETTING): PUSH OR TIE

Under handicap betting, where the line is specified as a flat number, all bets are declared void and refunded (a push) if the score lands on the line. All multiple bets (parlays) affected will be recalculated to exclude the 'push' leg.

7. REFUSAL OF BETS

Betfair may refuse, decline or partially accept any bet at its sole and absolute discretion for any reason whatsoever. Betfair is not required to state or provide any reasons for refusing, declining or partially accepting any bet.

8. MONIES CREDITED IN ERROR

If under any circumstances, such as Incorrect Betting Information or Market Re-settlement, monies are incorrectly credited to a customer's account then Betfair maintains the right to debit the customer account equivalent to the credited error. If this results in the customer account entering into debit Betfair maintains the right to recoup funds from the customer.

PART B - GENERAL RULES

1. MINIMUM BETS

The minimum stake for bets placed on the internet through Multis, Tote Extra and Tote & Exotics is $1.00, except for flexi bets through Tote & Exotics which have a minimum stake of $3.00.

The minimum stake for any bet placed on any product via the telephone is $50.

2. MAXIMUM PAYOUTS

Betfair Pty Ltd reserves the right to apply maximum payouts on Tote Extra, Tote & Exotics and Multis markets. The maximum payout to any one individual or entity (or group deemed to be acting on behalf of an individual or entity) on any one race (or multi race exotics bet), will be limited to the following:

Tote Extra: Thoroughbred - Australia

Top Fluc - maximum to win $20,000 with the balance to be placed at Starting Price

Best of 4 - Best Tote and Mid Tote Win Bets - maximum to win $50,000 with the balance to be paid at the dividend declared by SuperTAB to a maximum of $100,000

Best of 4 - Best Tote and Mid Tote Place Bets -maximum to win $10,000 with the balance to be paid at the dividend declared by SuperTAB to a maximum of $40,000

Best of 5 - maximum to win $1000, with the balance to be paid at Best of 4 (subject to maximum payout for Best of 4 outlined above)

Tote Plus Win Bets - maximum to win $25,000 with the balance to be paid at the dividend declared by SuperTAB to a maximum of $50,000

Tote Plus Place Bets - maximum to win $5,000 with the balance to be paid at the dividend declared by SuperTAB to a maximum of $20,000

Tote Extra: Harness and Greyhounds - Australia

Best of 4 - Best Tote and Mid Tote Win Bets- maximum to win $25,000 - with the balance to be paid at the dividend declared by SuperTAB to a maximum of $50,000

Best of 4 - Best Tote and Mid Tote Place Bets- maximum to win $5,000 - with the balance to be paid at the dividend declared by SuperTAB to a maximum of $20,000

Tote Plus Win Bets - maximum to win $25,000 balance to be paid at the dividend declared by SuperTAB to a maximum of $50,000

Tote Plus Place Bets - maximum to win $5,000 balance to be paid at the dividend declared by SuperTAB to a maximum of $20,000

Tote & Exotics

For all racing exotics, Betfair will pay the dividend declared by TattsBet up to a maximum of:

a.
$50,000 for metropolitan thoroughbred;

b.
$25,000 for all non-metropolitan thoroughbreds, harness and greyhounds; and

c.
$10,000 for all international racing.

Multiples

The maximum multiple dividend will be 5000

The maximum payout per multi (parlay) bet is $150,000

The maximum payout per round robin bet is $250,000

3. MARKET MANIPULATION

Betfair reserves the right to void any or all wagers made by any individual or group of people acting together (or on behalf of another individual or group of people) where Betfair considers, in its absolute discretion, that such conduct is an attempt to gain financial benefit through the manipulation of tote based dividends or official starting prices. This can include persons, relatives, organisations, bookmakers and their employees.

4. RESULTS AND MARKET SETTLEMENT

4.1 General

Markets will be settled as set out in the Specific Sports Rules and/or the Market Information section (where applicable).

Where the Specific Sports Rules or Market Information do not specify how and on what basis a market will be settled, markets will be settled on the official result of the relevant governing body regardless of any subsequent disqualification or amendment to the result (except if 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).

If Betfair fails to suspend any market at the commencement of the relevant event, all bets matched after the commencement of the event will be void and amounts refunded to customers.

If no official result of a relevant governing body is available, the result will be determined by Betfair (acting reasonably) using information from independent sources. In such cases, if any new information comes into the public domain within 48 hours of settlement, then Betfair shall (acting reasonably) determine either:

(i)
whether the market should be reinstated or resettled in light of this new information; or

(ii)
whether or not to wait for further information before deciding whether to reinstate or resettle the market. Except where Betfair has announced that it is waiting for further information, any information that comes into the public domain more than 48 hours after a market has been settled shall not be considered by Betfair (regardless of whether or not such information may have led to a different result).

In the event of any uncertainty can be resolved to the reasonable satisfaction of Betfair. Betfair reserves the right to void any market if the uncertainty regarding settlement cannot be resolved to Betfair's reasonable satisfaction.

Betfair applies common rules of sports betting, including All-In Betting. All-In betting provides that unless agreed otherwise, any bet made on a competitor or team in a Sports Betting Event where that competitor or team is scratched, withdrawn, disqualified or balloted out from that Event shall stand and no refund shall be made.

4.2 Resettlements

Markets are generally settled shortly after the end of the event in question. Betfair may settle (or part-settle) some markets before the official result is declared (or may increase a customer's 'available to bet' balance by the minimum potential winnings of that customer on a given market) purely as a customer service benefit. However, Betfair reserves the right to amend the settlement of the market if:

(i)
the official result is different to the result on which Betfair initially settled the market (for example, a horseracing result being changed by the relevant governing body shortly after a race, but before the result is official); or

(ii)
if the whole market is eventually voided (e.g. for an abandoned event). Betfair reserves the right to reverse the settlement of a market if a market is settled in error (for example, a human or technical error). If Betfair resettles a market, this may lead to amendments of a market being made to a customer's balance to reflect changes in market settlement.

4.3 Non-runners, withdrawals and disqualifications

Subject always to Betfair's right to void bets under its terms and conditions or for any exception under the Betfair Australian Rules, if a market contains a statement that says "ALL-IN BETTING" or "ANTEPOST" (or something similar) in the Market Information, then all bets on a team or competitor will stand regardless of whether or not the team or competitor starts the event or takes any part in the event.

Where the Market Information does not stipulate that all bets will stand regardless of participation, customers should refer to the relevant Specific Sports Rules.

If a team or competitor is disqualified, withdraws or forfeits after starting an event they will be deemed a loser providing at least one other team or competitor completes the event. If no team or competitor completes an event (having started) then all bets will be void except for bets on any markets which have been unconditionally determined.

4.4 'Winner with [named selection]' markets


Betfair may from time to time offer markets that are dependent on the participation of a particular competitor. If the competitor named either in a 'Winner with ...' market title or in the Market Information does not participate in the tournament or event then all bets on the market will be void. For example, if there was a "Winner with Federer" tennis market, all bets on the market would be void if Federer did not participate in the tournament. However, if any other competitor did not participate, then bets would stand.

A team or competitor will be deemed to have participated if they have taken part to the extent necessary to record an official result or classification (including any disqualification but excluding any "did not start" or equivalent classification).

5. ABANDONMENTS, CANCELLATIONS, POSTPONEMENTS

Some markets have different rules and these are listed in the Specific Sports Rules and/or the Market Information. However, where a market has no rules in the Specific Sports Rules or the Market Information in relation to an abandonment, cancellation and/or postponement the following shall apply.

In relation to any match, fixture, game, individual event, race or similar: If the event is not completed within three days after the scheduled completion date, then all bets on markets for this event will be void, except for bets on any markets that have been unconditionally determined.

In relation to any tournament, competition or similar: If the event is not completed within three days after the scheduled completion date, then any markets relating to the event will be settled in accordance with the official ruling of the relevant governing body, providing such a decision is given within 90 days after the scheduled completion date. If no official ruling is announced in this 90 day period, then bets on any market relating to this event will be void, except for bets on any markets which have been unconditionally determined. If a market is to be voided but has been part-settled as a courtesy to Betfair customers, then such part-settled bets will be reversed and all bets on the market will be void.

Relevant markets will include a statement whether a market relates to a match (or similar) or a tournament (or similar). However, by way of example, the following shall apply:

(i)
Europa League outright = tournament;

(ii)
 Champions League Group outright = tournament;

(iii)
Top Premiership goalscorer = tournament;

(iv)
72-hole Golf Match bet = match;

(v)
Ryder Cup outright = tournament;

(vi)
Golf tournament outright = tournament;

(vii)
Tennis Tournament outright = tournament;

(viii)
5-day Cricket Test Match = match;

(ix)
Ashes Series outright winner = tournament;

(x)
Motor Race (e.g. Grand Prix) = match.

6. CHANGE OF VENUE

Some markets have different rules and these are listed in the Specific Sports Rules and/or the Market Information. However, if change of venue is not dealt with in the Specific Sports Rules and/or the Market Information then the following shall apply:

For any team sport: if the scheduled venue is changed after the market is loaded by Betfair, all bets will be void only if the new venue is a home ground of the original away team For all categories or markets other than team sports: if the scheduled venue is changed after the market is loaded by Betfair, all bets will stand.

If there is a change in the type of scheduled surface (e.g. a hockey match switching from grass to astro-turf) after the market has been loaded, bets will stand.

7. PERIODS OF TIME

Some markets have different rules and these are listed in the Specific Sports Rules and/or the Market Information. However, if not dealt with in the Specific Sports Rules or the Market Information then the following shall apply.

If the scheduled duration of an event is changed after the market has been loaded but before the start of the event, then all bets will be void.

Some markets refer to the length of time until an occurrence in the event (e.g. time of first goal). If an event happens in stoppage or injury time after any regular time period then it will be deemed to have occurred at the end of the regular time period. For example, if a goal is scored in first half stoppage-time in a soccer match it will be deemed to have occurred on 45 minutes.

All bets apply to the relevant full 'regular time' period including stoppage time. Any extra-time and/or penalty shoot-out is not included.

References within these Rules and Regulations to a particular number of 'days' shall mean the end of the day local time after the expiry of the specified number of days. For example, if a rugby match is scheduled for the 1st of December, then the rule that allows the match to be completed within three days after the scheduled completion date would mean that the deadline for completion of that match would be 23.59:59 on the 4th of December.

8. MATCH BETS

Some markets have different rules and these are listed in the Specific Sports Rules and/or the Market Information. For example, for match bets on Golf markets the rules are set out in the Specific Sports Rules. However, if not dealt with in the Specific Sports Rules or the Market Information then the following shall apply.

Match Bets' for one-off events are determined by the competitor or team with the best score, time or finishing position in the event. If none of the competitors or teams involved in the match bet complete the event or register a score, time or finishing position then bets are void unless specified otherwise in the Specific Sports Rules and/or the Market Information. Any competitor or team not completing an event or registering a score, time or finishing position having taken part in the match bet event will be settled as a loser providing at least one other team or competitor completes that event or registers a score, time or finishing position.

'Match Bets' for progress in a competition or event with multiple heats or rounds are determined by the competitor or team which qualifies to the furthest round (whether it takes part in the further round or not) or with the best score, time or finishing position in the final or same heat of that competition or event. If the relevant competitors or teams fail to qualify in the same round of the competition but in different heats then dead-heat rules will apply, irrespective of the finishing positions in their respective heats. Markets will be part-settled after the end of each round and any subsequent disqualifications, penalties or amendments to results or qualifications will not have any affect on the market. Where one or more of the competitors or teams are disqualified, for the purposes of settlement, the disqualified competitor or team will be deemed to have progressed further in the competition or event than all those eliminated from the competition or event prior to the disqualification, and will be deemed to have finished last (or joint last if there is more than one disqualification) of those still competing in the competition or event. Disqualification will be considered to have taken place at the time of the competitor's or team's removal from the competition or event by the relevant governing body, rather than at the time of the event which caused disqualification.

If one of the competitors or teams does not take any part in the event, then all relevant match bets will be void.

If an event or tournament is abandoned or reduced in duration such that any competitor or team fails to complete the match bet, event or tournament for any reason other than withdrawal or disqualification then all bets will be void except for those on markets which have been unconditionally determined.

9. "TO QUALIFY" MARKETS

Some markets have different rules and these are listed in the Specific Sports Rules and/or the Market Information. However, if not dealt with in the Specific Sports Rules or the Market Information then the following shall apply.

Any to qualify market (e.g. 'to reach the final' markets) will be determined by the competitor or team that qualifies under the terms set out in the Market Information, whether or not they take part in the next round or event for which they have qualified. Markets will be settled after the qualifying stage and any subsequent disqualification or amendment to the result will not count.

10. DEAD HEATS

Unless stated otherwise in the Specific Sports Rules and/or the Market Information the Dead Heat Rule applies to bets on a market where there are more winners than expected (as set out in the Market Information or contained in the market itself).

For each bet placed on a relevant winning selection, the stake money is first reduced in proportion by multiplying it by the sum of the number of winners expected (as set out in the Market Information), divided by the number of actual winners (i.e. stake multiplied by (number of winners expected/number of actual winners)). The winnings are then paid to the successful backers on this 'reduced stake' (reduced stake multiplied by price).

For example, assume there is a dead heat for first place between three horses. 'Client A' has backed one winner for a stake of 300 at the price of 4.00. When the event is settled, the stake (300) is multiplied by 1/3 (i.e. the number of expected winners (1) divided by the number of actual winners (3)) to calculate the reduced stake (100). The backer then receives the price (4.0) multiplied by the reduced stake (4 x 100 = 400). In this example, Client A's net winnings are 100 (400 payout minus the original 300 stake). Alternatively, this can be viewed as the full amount paid to the price divided by the number of dead-heaters. In the above example this would be 300 at the price of 4.0 (1200) divided by 3; making 400 payout and 100 net winnings.

By way of another example, assume there is an outright winner in a golf tournament but 7 players tie for 2nd place. In the "top 5 finish" market, after settling on the outright winner in the top 5 market there would be 4 other designated winners places available. 'Client A' has backed one of the winners for 300 at the price of 4.0. When the event is settled, the stake (300) is multiplied by 4/7 (i.e. the number of expected winners (4) divided by the number of actual winners (7)) to calculate the reduced stake (171.43). The backer then receives the price matched (4.0) multiplied by the reduced stake (4 x 171.43 = 685.72). In this example, Client A's net winnings are 385.72 (685.72 payout minus the original 300 stake).

11. MULTIPLES

A multiple bet consists of a number of legs. A leg is defined as one or more chosen selections in any individual event market.

The maximum number of legs in any multiple is ten (10) although Betfair reserves the right to amend this number from time to time.

The maximum multiple dividend will be 5000

The maximum payout per multi (parlay) bet is A$150,000

The maximum payout per round robin bet is A$250,000

In circumstances where a customer places a multi bet that exceeds the maximum payout amount, Betfair will limit the customer's stake to an amount that will provide a payout that is equal to Betfair's maximum payout. The remainder of the stake will immediately be refunded to the customer's account.

The maximum daily payout per customer for all winning multiples bets combined is A$250,000.

With the exception of the rule directly below, if any selection in any leg is a non-runner or otherwise void under the Betfair Australian Rules (e.g. an abandoned match) then all bets on that individual leg will be void and the multiple bet shall be adjusted accordingly. For example a treble including one void leg will become a double.

Betfair will not accept bets that contain certain combinations of multiples, such as those including related contingencies (i.e. where the outcome of one event is likely to affect the odds on the outcome of another event). This may happen automatically at the bet placement stage. Alternatively, if such bet is taken in error Betfair may void the individual bet combinations which include two or more of the related contingency selections.

Betfair may offer special markets on related events from time to time including within its normal markets (i.e. outside of the Betfair multiples product), for example a market on Chelsea to win the English domestic double (i.e. Premiership and FA Cup).

All multiple bets placed are subject to the Betfair Australian Rules relating to any individual market that relates to any leg of any multiple bet.

12. MISCELLANEOUS

All information supplied by Betfair is done so in good faith. However, Betfair cannot accept liability for any errors or omissions in respect of any information, such as the posting of prices, runners, times, scores, results or general statistics.

Betfair reserves the right to correct any obvious errors and shall take all reasonable steps to ensure markets are administered with integrity and transparency.

Customers are responsible for ensuring that they satisfy themselves that the selection on which they place a bet is their intended selection. For example, in the case of a competitor bearing the same name as another individual not competing in the relevant event, the onus is on the customer to ensure that they know which competitor Betfair has loaded into the relevant market and to ensure that they are placing their bet on their chosen competitor.

In the interests of maintaining integrity and fairness in the markets we may, at our sole and absolute discretion, decide to suspend betting on a market earlier than anticipated by the Betfair Australian Rules and/or void certain bets or a market in its entirety.

Betfair reserves the right to amend the Betfair Australian Rules at any time. Any such revision will be binding and effective immediately on the posting of such rule changes on betfair.com and any markets loaded after the new Betfair Australian Rules have been posted shall be governed by the new Betfair Australian Rules.

On the settlement of any market with the exception of Tote & Exotics markets, amounts relating to winnings/losses on bets will be rounded to the nearest two decimal places. For example where an amount is $3.33333 the settlement amount will be $3.33. In the event that the amount ends in 0.5 it will be rounded up.
On the settlement of all Tote & Exotics markets, amounts relating to winnings/losses on bets will be rounded down to the nearest two decimal places. For example where an amount is $3.38 the settlement amount will be $3.30. All amounts, even those that end in 0.5 or above will be rounded down.
By their nature Special Bets markets are unpredictable so should be treated with particular caution. Customers are responsible for managing their own positions at all times.

PART C - SPECIFIC SPORTS RULES

1. AMERICAN FOOTBALL

All markets will be settled on the result including overtime unless stated otherwise in these Betfair American Football Rules or in the Market Information (e.g. the half time/full time market) or where the market has been unconditionally determined. If the game results in a tie after overtime all bets on the outright match winner market will be settled as a Dead Heat If a match does not start on the scheduled starting date and is not completed within three days of the scheduled completion date, all bets will be void except for those on markets which have been unconditionally determined.

If a match starts but is later abandoned or postponed, then within three days of the scheduled start date:(a) at least 55 minutes of play must have elapsed; or (b) an official result must be 'called' by the relevant governing body; otherwise all bets will be void, except for those on markets which have been unconditionally determined. In those instances, if the scores are tied then all bets on the outright match winner market will be void.

For 'Individual player' markets, bets shall be void on any player who does not start in any down during the match.

2. ATHLETICS

Where there is a presentation ceremony, markets will be settled on the official result of the relevant governing body at the time of the ceremony, regardless of any subsequent disqualification or amendment to the result.

Where there is no presentation ceremony, outcomes will be determined in accordance with the official result of the relevant governing body, regardless of any subsequent disqualification or amendment to the result (except if 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).

Unless stated otherwise in the Market Information, if a track or field event is abandoned, cancelled or postponed and not completed within 7 days of the scheduled completion date, all bets will be void except for those on markets which have been unconditionally determined.

3. AUSTRALIAN RULES FOOTBALL

Bets apply to regular time excluding overtime. However bets on "Finals" matches apply to regular time including overtime except for those on markets which have been unconditionally determined or as stated otherwise in the Market Information (e.g. half-time/full-time markets). If the game results in a tie, the Dead Heat Rule applies to bets on the match odds market.

When the Draw option is offered, the wager is decided on the result at the end of normal time (i.e. extra time - - not included). For Margin Betting the Draw option is always offered. When the Draw option is not offered, The Dead Heat Rule applies.

Where a match is abandoned or postponed, and played within 3 calendar days of the original scheduled date, all wagers stand. Once the 3 calendar days have expired, all single wagers are void and wagers refunded. Affected multiple wagers will be recalculated excluding that leg.

All bets relating to any individual players will stand if named in final starting squad except if the nominated player(s) are named as the 'starting substitute' (being the player named as the Substitute on the official team list submitted by the clubs to the AFL prior to the match) in which case all bets will be deemed as void.

4. BASEBALL

Games are official after five innings of play. If the home team is leading, the game is official after four and half innings of play. If a game goes past five innings (including any extra innings) and is subsequently called off, suspended or postponed beyond either teams next scheduled game, the winner is determined by the score after the last full innings of play (except in the case when the home team score to tie, or take the lead in the bottom half of the innings in which the game is called off - the runs will count). If the match is not completed in accordance with the above, all bets will be void.

If a match does not start on the scheduled starting date, all bets will be void.

All bets will include extra innings, unless otherwise stated in the Market Information.

All bets on 'total runs' or 'Run line' markets will be void unless there has been at least 9 innings completed (8 1/2 if the home team is ahead) except those on market which have been unconditionally determined.

In Listed markets, bets will be void unless both named pitchers listed in the Betfair market start as pitchers in the first fielding innings for their respective teams.

5. BASKETBALL

Bets will be settled on the result including overtime unless stated otherwise in the Market Information or where the market has been unconditionally determined or as set out in these Basketball rules.

If a match does not start on the scheduled start date then all bets will be void.

If a match starts but is later abandoned or postponed then, within three days of the scheduled start date, (a) at least 43 minutes of play must have elapsed in any NBA match or 35 minutes of play must have elapsed in any other match; or (b) an official result must be 'called' by the relevant governing body; otherwise all bets will be void, except for those on markets which have been unconditionally determined. In these instances, if the scores are tied then dead heat rules will apply to bets on the outright match winner market.

6. BOXING

All individual bout markets will be settled according to the official result of the relevant governing body immediately after the end of the fight, regardless of any subsequent disqualification or amendment to the result (except if an amendment is announced within 24 hours of the initial settlement of the relevant market in order to correct an error in tallying the points or in order to correct an error in reporting the result).

If a fight is abandoned, cancelled or postponed and not completed within 3 calendar days of the scheduled start date, or a boxer is withdrawn or substituted before the first round bell, all bets will be void.

If a boxer retires before the start of a round, fails to answer the bell, or is disqualified for any reason between rounds, the fight will be deemed to have finished at the end of the previous round.

If one of the boxers is disqualified they will be deemed a loser.

If the scheduled duration of the fight is altered in time or number of rounds after the loading of the relevant markets, then all bets will be void - with the exception of bets on match odds markets which will stand.

If the scheduled venue is changed after the market has been loaded by Betfair so that the new venue is changed to a venue in a different country then all bets will be void. For all other changes to the scheduled venue bets will stand.

If a fight is declared a 'no contest' then all bets will be void.

7. CRICKET

7.1 General

In the event of a tie (i.e. where both teams are bowled out twice and have the same score), all wagers to win on either team will be settled as a Dead Heat. All wagers on the draw will be deemed to be losing bets.

If a ball is not bowled during a competition, series or match then all bets will be void except for those on any market that has been unconditionally determined (e.g. in the 'Completed Match' market).

If a match is shortened by weather, all bets will be settled according to the official result (including for limited overs matches, the result determined by the Duckworth Lewis method). In the event of a match being decided by a bowl-off or toss of the coin, all bets will be settled in accordance with the decision of the relevant governing body.

7.2 Test matches

If a match starts but is later abandoned for any reason other than weather (which may include but is not limited to: dangerous or unplayable wicket or outfield; pitch vandalism; strike or boycott; crowd protests/violence; stadium damage; acts of terrorism; and acts of God), Betfair reserves the right to void all bets, except for those on markets that have been unconditionally determined.

If the match is not scheduled to be completed within five days after the original scheduled completion date, then all bets on markets for this event will be void, except for bets on any markets that have been unconditionally determined.

In any test match if less than 20 overs have been bowled in an innings then bets on 'innings runs' markets will be void unless the market has been unconditionally determined (e.g. if a team is all out within 20 overs).

7.3 Limited Over matches

In event of a tied match the Dead Heat Rule will apply.

If a match is declared "No Result'', bets will be void on all markets for the event except for those markets which have been unconditionally determined or where the minimum number of overs have been bowled as laid out in the market specific information.

Where the Duckworth Lewis method is used all bets matched on 'Highest 10 over Total' and 'Opening Partnership' will be void, unless the market has been unconditionally determined before the Duckworth Lewis rule was implemented. All other markets will be settled according to the result determined under the Duckworth Lewis method.

In the event of a new toss taking place on a scheduled reserve day for a limited overs match all bets that were placed after 45 minutes before the original scheduled start of play on the first day will be made void. This rule relates to all markets except those that have been unconditionally determined (e.g. in the win the toss and toss combination markets).

7.4 Batsmen markets

If any player named in any 'Top Team Batsman' market is not chosen in the starting XI (or selected as a named substitute in "super-sub" matches) bets on that selection will be refunded. If any player chosen in the starting XI (or selected as a named substitute in "super-sub" matches) does not bat, he will be deemed to have scored zero.

At least one ball must be bowled while a batsman is in bat (facing or not) for 'individual batsman runs' bets to stand.

If any player retires and does not resume his innings his score will stand.

8. CYCLING

Where there is a presentation ceremony, markets will be settled on the official result of the relevant governing body at the time of the ceremony, regardless of any subsequent disqualification or amendment to the result.

If there is no presentation ceremony, outcomes will be determined in accordance with the official result of the relevant governing body, regardless of any subsequent disqualification or amendment to the result (except if 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).

9. DARTS

In the event of a match starting but not being completed, the player progressing to the next round will be deemed the winner (or in the case of the final the player declared the winner).

If a match is not completed for any reason then bets on 'any correct score' or 'next leg/game/set' market will be void unless the market has been unconditionally determined.

If a match is not completed for any reason then bets on any handicap market will be void unless the market has been unconditionally determined.

10. GOLF

10.1 General

Tournament bets will only be settled if the minimum number of holes stipulated in the Market Information has been completed.

Where there is a presentation ceremony, markets will be settled on the official result of the relevant governing body at the time of the ceremony, regardless of any subsequent disqualification or amendment to the result.

If there is no presentation ceremony, outcomes will be determined in accordance with the official result of the relevant governing body, regardless of any subsequent disqualification or amendment to the result (except if 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).

If a player does not start a tournament then all bets on that player will be void.

Any player starting a tournament but withdrawing or being disqualified before the end of the tournament will be settled as a loser.

If a tournament is shortened and Betfair settles the tournament markets then all bets accepted after the last completed round will be void.

In any to qualify market for any tournament the winners are the number of golfers that qualify for the tournament under the terms set out in the Market Information, whether they compete in the tournament or not. Markets will be settled after the qualifying stage and any subsequent disqualification or amendment to results will not count.

10.2 Tournament group betting (i.e. Tournament match bets)

In the case of a group with 7 or less players, if a player withdraws without playing a stroke all bets on the relevant market will be void.

In the case of a group with 8 or more players, if a player withdraws without playing a stroke bets are treated as All-in.

If a player is disqualified or withdraws during any round they will be settled as a loser providing at least one other player completes that round.

If all players fail to complete a particular round for any other reason the winner is the player with the lowest total score after the previous round. Bets struck after the end of the previous round will be deemed void.

The winner is the player who plays the most holes. If they are equal on holes, the best score wins. Holes played in a round that is subsequently abandoned, or for any reason not counted towards the result of the tournament, do not count. The Dead Heat Rule applies.

Where a tie or draw option is not offered, The Dead Heat Rule applies.

10.3 Round betting markets (e.g. 2 balls, 3 balls etc)

In the case of a group with 7 or less players, if a player withdraws without playing a stroke all bets on the relevant market will be void.

In the case of a group with 8 or more players, if a player withdraws without playing a stroke bets are treated as All-in. If one player fails to complete a round for any reason other than a withdrawal or disqualification then all bets will be void except for those on markets which have been unconditionally determined.

Any player withdrawing or being disqualified having played a stroke in that round will be settled as a loser providing at least one other player completes that round. Should all players fail to complete the round then all bets will be void.

10.4 Strokeplay hole-by-hole markets (i.e. performance of a named player on a given hole)

Should a hole not be completed for any reason all bets on that hole will be void unless the market has been unconditionally determined.

Should all players fail to complete the round then all bets will be void.

11. ICE HOCKEY

Head to Head and Totals betting includes overtime and penalty shootout. In the case of a penalty shootout only one (1) goal will be awarded to the winning team. When the draw option is included, payouts are based on the score at the end of normal time (extra time, i.e. an extension of normal time, is not included).

'Puck Line' markets (i.e. handicap markets for NHL (National Hockey League) matches) will be settled on the final result including any overtime and any shootouts that may be played. All 'handicap' markets on other matches will be settled on the result at the end of regular time, excluding overtime.

If a match does not start on the scheduled start date and is not completed within three days of the scheduled start date, all bets will be void except for those on markets which have been unconditionally determined.

If a match starts but is later abandoned or postponed then, within three days of the scheduled start date, (a) at least 55 minutes of play must have elapsed in any match; or (b) an official result must be 'called' by the relevant governing body; otherwise all bets will be void, except for those which have been unconditionally determined. In these instances, if the scores are tied then for " Moneyline " matches (where no tie is offered) dead heat rules will apply to bets on the outright match winner market.

12. MOTOR SPORT (which may include, amongst others, Formula One, Superbikes and Speedway)

If a race is abandoned and no presentation position or official result is declared all bets on that race will be void except for bets on any markets which have been unconditionally determined.

If the scheduled venue is changed after the market has been loaded by Betfair, all bets will be void.

On "head-to-head" bets (i.e. match bets) the driver/rider who finishes ahead or completes the most number of laps is deemed to be the winner.

In Speedway, bets will be void if all scheduled heats or races of a meeting or match are not completed except on markets which have been unconditionally determined.

In any case where there is no podium presentation, but the Market Information states that the settlement of the relevant market will be based on the result at the time of the podium presentation, then the market will be settled on the official result of the relevant governing body regardless of any subsequent disqualification or amendment to the result (except if 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).

13. ROWING

If a crew or individual starts a race but does not complete it then they will be deemed a loser providing at least one other crew or individual completes the race. If no crew or individual completes a race then all bets will be void.

If a regatta is cancelled for any reason, all bets will be void, except those on markets which have been unconditionally determined.

Where there is a presentation ceremony, markets will be settled on the official result of the relevant governing body at the time of the ceremony, regardless of any subsequent disqualification or amendment to the result.

If there is no presentation ceremony, outcomes will be determined in accordance with the official result of the relevant governing body, regardless of any subsequent disqualification or amendment to the result (except if 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).

14. RUGBY UNION and RUGBY LEAGUE

Tournament points and Tournament tries bets will apply to all playing time, including any extra-time in any match where an official result is declared.

Where the draw option is offered, the wager is decided on the result at the end of normal time (i.e. extra time -not included). Where the draw option is not offered, The Dead Heat Rule applies.(i.e. extra time is included). In handicap and totals betting, where the line or total is a whole number (e.g. 10), if the score lands on the line or total all wagers are void and wagers refunded. Affected multiple wagers (parlays) will be recalculated excluding that leg.

For First and Last Scoring Plays and First Points markets, if the match remains scoreless after any normal and extra time, then single wagers will be void and monies refunded. Multiple wagers will be recalculated excluding that leg.

For the purpose of markets involving tries, penalty tries will count with the exception of 'first individual try scorer' markets where penalty tries will not count.

15. SNOOKER AND POOL

In the event of a match starting but not being completed, the player progressing to the next round will be deemed the winner (or in the case of the final the player declared the winner).

If a match is not completed for any reason then bets on 'any correct score' or 'next frame' market will be void.

If a match is not completed for any reason, bets on any handicap market will be void unless the market has been unconditionally determined.

16. SOCCER

If a match has not stated (or Betfair believes that a match will not have started) by 23:59 (local time) on its scheduled start date, then all bets will be void unless Betfair has knowledge that the match has been rescheduled to be played within 3 calendar days of its original start date.

If a match starts but is later abandoned or postponed and is not completed (i.e. 90 minutes of play according to the match officials, plus any stoppage time) within 3 calendar days of the scheduled start date, all bets will be void except for those on markets which have been unconditionally determined.

If a match starts but is later abandoned or postponed but is completed (i.e. 90 minutes of play according to the match officials, plus any stoppage time) within 3 calendar days of the scheduled start date, all bets will stand except if the match is restarted from the beginning. If the match is restarted from the beginning then all bets placed before the market went in-play will stand, but any bets placed in-play will be void.

If a team is disqualified, thrown out or otherwise removed from a league, one of the following will apply:

a.
If this happens before the relevant season has started, all bets on all affected markets will be void (except for those on markets which have been unconditionally determined);

b.
This happens after the relevant season has started, all affected markets will stand and the team will be deemed to be relegated and all bets on that team will be settled accordingly in all relevant markets (assuming, of course, that it is not subsequently reinstated before the end of the season).

The relevant season will be deemed to have started once the first league game has been played. For the purposes of this rule, markets relating to individual matches will not be deemed to be "affected markets".

For 'first' or 'last goalscorer' markets bets are void on any player who takes no part in the match or who comes on as a substitute after the 1st goal has been scored. Own goals do not count for either 'first' or 'last goalscorer' markets.

For 'top goalscorer' markets only the goals scored in the league or competition stated in the Market Information count. For example, if a player joins a club mid-season any goals scored in a different league will not count, however goals scored for a different club in the same league will count. Own goals will not count.

In markets which relate to the number of incidents to occur, such as 'number of corners', these will be determined on the basis of the number taken, rather than awarded.

For markets that relate to the number of bookings given, the number of corners taken or the time of the first goal, the result will be determined by Betfair (acting reasonably) using information from independent sources. In such cases, if any new information comes into the public domain within 72 hours of settlement, then Betfair shall (acting reasonably) determine either: (i) whether the market should be reinstated or resettled in light of this new information; or (ii) to wait for further information before deciding whether to reinstate or resettle the market. Except where Betfair has announced that it is waiting for further information, any information that comes into the public domain more than 72 hours after a market has been settled shall not be considered by Betfair (regardless of whether or not such information may have led to a different result).

17. SWIMMING

Where there is a presentation ceremony, markets will be settled on the official result of the relevant governing body at the time of the ceremony, regardless of any subsequent disqualification or amendment to the result.

If there is no presentation ceremony, outcomes will be determined in accordance with the official result of the relevant governing body, regardless of any subsequent disqualification or amendment to the result (except if 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).

18. TENNIS

If a match is awarded to a player (or a doubles team) as a result of the disqualification or incapacity of an opponent, all single wagers are void. Affected multiple wagers will be recalculated excluding that leg. In the case of Outright Tournament winner, All In rule applies.

For the "Set Betting" market, if the match doesn't start, or is unfinished due to either player's (or team’s) incapacity or disqualification, then all single wagers are void and wagers refunded. Affected multiple wagers will be recalculated excluding that leg.

For the "Number of Sets" market, if a match is awarded to a player as a result of the disqualification or incapacity of an opponent, all single wagers will be void, unless the market has been unconditionally determined as per the following:

For matches scheduled for three sets, if a retirement occurs after the completion of the second set, the market will be settled as three sets.

For matches scheduled for five sets, if a retirement occurs after the completion of the fourth set, the market will be settled as five sets.

All bets relating to the number of occurrences of certain events within a tournament will be void if the tournament is reduced in length, postponed or cancelled, except for those on markets which have been unconditionally determined.

All bets will stand regardless of changes to scheduled venues, including any changes to a different type of surface.

If the scheduled duration of a match is reduced or increased in the number of games/sets required to win, all bets will be void except for those on markets which have been unconditionally determined.

Where markets are offered on individual games or sets within a match, a retirement or disqualification during a game or set will render bets on that game or set market and all individual game or set markets void except those on markets which have been unconditionally determined.

19. WINTER SPORTS (which may include, amongst others, Alpine Skiing, Biathlon, Cross-Country Skiing and Ski-Jumping)

Where there is a presentation ceremony, markets will be settled on the official result of the relevant governing body at the time of the ceremony, regardless of any subsequent disqualification or amendment to the result.

If there is no presentation ceremony, outcomes will be determined in accordance with the official result of the relevant governing body, regardless of any subsequent disqualification or amendment to the result (except if 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).

Unless stated otherwise in the Market Information, if an event is abandoned, postponed or cancelled, all bets will be void unless (a) the event is completed at the same venue within 7 days of the official scheduled completion date; or (b) a result is 'called' by the relevant governing body.

Betfair's Multis General Rules (see Part B above) will apply for 'match bets'. However in respect of "Nordic Combined" if all competitors involved in the match bet do not start both sections of the event (ski jumping and cross country) then bets will be void.

PART D - SPECIFIC RACING RULES (HORSERACING / GREYHOUNDS / HARNESS RACING)

1.1 General

All individual race markets will be determined according to the official result at the time of the 'weigh-in' announcement (or equivalent). Subsequent disqualifications, appeals or amendments to the result will be disregarded.

If a race is abandoned or otherwise declared void, or in the event of a walkover, all bets on that race will be void.

If the scheduled venue is changed after the market has been loaded by Betfair, all bets will be void.

Where a race is postponed and does not take part on its scheduled day, all bets will be void.

If a wager is accepted, but afterwards found to have been accepted by Betfair after the commencement of a race, the wager will be voided and refunded.

Betfair reserves the right to refuse the whole or part of any wager for any reason whatsoever.

1.2 Ante-post / All-In Betting

Subject to the points below, in ante-post markets, all bets on an individual competitor stand whether the competitor runs or not.

If a race has a supplementary entry stage competitors will not be removed from the market until the date of that supplementary entry stage (even if they have not been entered for the race, have forfeited their entry at an earlier entry/forfeit stage or have been scratched).

No Betfair Non-Runner Rule- reductions are made to ante-post bets.

Where an event is postponed or rescheduled to another day at the same venue then ante-post bets will stand unless entries are reopened in which case all bets will be void.

1.3 Place Terms

Fixed Odds Markets

Where there are eight (8) or more runners loaded into a market when the first fixed odds market is opened, place odds shall be paid on first, second and third place.

Where there are between five (5) and seven (7) loaded into a market when the first fixed odds market is opened, place odds shall be paid on first and second places only.

Where there are less than five (5) runners loaded into a market when the first fixed odds market is opened, no place odds will be offered.

Once the fixed odds market is opened, the number of runners to be placed will not be affected by any further scratchings, however, all place odds may be reduced in the case of scratchings occurring after your wager is placed. Any deductions will be calculated in accordance with clause 1.4 (Betfair Non-Runner Rule).

Tote Derivative Markets (e.g. - Best of 4, Best of 5, Mid-Tote, Tote Plus)

Where there are eight (8) or more runners remaining in a race after the declaration of final scratchings and at least seven (7) runners start in the race, then the place dividend shall be paid on first, second and third place.  If in these circumstances less than seven (7) runners start in the race, then the place dividend shall be paid on first and second place only.

Where there are between five (5) and seven (7) runners remaining in a race after the declaration of final scratchings and at least four (4) runners start in the race, then the place dividend shall the paid on first and second places only.

Where there are less than five (5) runners remaining in a race after the declaration of final scratchings or less than four (4) runners start in the race, then no place wagers will be accepted.

1.4 Betfair Non-Runner Rule

In all fixed odds win and place markets, refunds and deductions apply to all scratchings that occur in Day of Race or Final Field markets. In the case of a scratching in these markets, the following will happen:

a.
all bets on the scratched runner will be void, wagered amounts on that runner will be refunded and the runner removed from the market;

b.
all single bets on the remaining runners may have a deduction applied to their odds in an amount that is equal to the scratched runner's odds at the time of removal from the market;

c.
any deductions will be calculated in accordance with Betfair's scale of deductions, which is contained in Annexure A to these Betfair Australian Rules.

All non-runners will be removed from the market in the order in which they are brought to Betfair's attention. If Betfair becomes aware of more than 1 non-runner at the same time, each of those non-runners will be removed in racebook order.

If a non-runner is removed from a market in error, Betfair will reinstate both the runner and all previously placed bets on that runner. Bets that are placed between the time of the incorrect withdrawal and the runner's reinstatement will be void. All bets placed prior to the incorrect removal of the runner will remain valid.

1.5 Tote Extra Products

The below rules and definitions apply to all the following racing products:

Win and Place products

Product

Description

Fixed Odds (Win, Place)

Paid at the fixed price agreed to by the customer at the time of bet placement (subject to deductions)

Best of 4 (Bo4)

Best Win Dividend declared by the 3 major TAB's (Supertab/NSW/Tatts) and the official Bookmakers Starting Price as transmitted by the Australian Prices Network

Best of 5 (Bo5)

Best Win Dividend declared by the 3 major TAB's, the official Bookmakers Starting Price as transmitted by the Australian Prices Network and the Betfair exchange Starting Price

Top Fluc Win (TF)

Win dividend per the official Best On Course Bookmakers fluctuation as transmitted by the Australian Prices Network

Top Fluc Place (TF)

Best Place Dividend declared by the 3 major TAB's

Best Tote Win

Best Win Dividend declared by the 3 major TAB's

Best Tote Place

Best Place Dividend declared by the 3 major TAB's

Mid Tote Win (MT)

2nd Highest Win Dividend declared by the 3 major TAB's

Mid Tote Place (MT)

2nd Highest Place Dividend declared by the 3 major TAB's

Tote Plus Win (T+)

Win dividend declared by Tote Tasmania (Tatts) plus stated percentage (percentage applied to win portion only)

Tote Plus Place (T+)

Place dividend declared by Tote Tasmania (Tatts) plus stated percentage (percentage applied to win portion only)

  
Miscellaneous Tote Extra Products

Head to Head Match Bets

Select which horse will achieve the best finishing position in this race. This market will be settled on the official weighed in result.

Margin Betting

Select what will be the length of the winning margin by the nominated horse. Market will be settled in accordance of margins declared by governing body.

Jockey/Trainer/Box Challenge

Select which competitor will score the highest aggregate points at a nominated race meeting.

Points are awarded on 3,2,1 basis which is 3 points for a win, 2 points for second and one point for third.

i.            In event of a dead heat for in any of the placings , the total points available for these placings will be equally shared by the amount of runners which dead heat. For example, if there is a dead heat for first, the total points available will be 5 (1st = 3, 2nd = 2) and the points will be shared equally between the 2 dead heaters (2.5 points each).

ii.            Competitors will only earn points if they actually ride or train the winning or placed horse not if they were engaged and replaced for whatever reason.

iii.            Any Other Individual will be declared the winner if one individual competitor from that group earns the most points, not an aggregate of points from all competitors.

iv.            If a meeting is abandoned or postponed to another date, single bets are void and wagers will be refunded. Affected Multi Bets will be recalculated excluding that event or leg. Wagers will not be voided and refunded when the market has been unconditionally determined at the time when the meeting is abandoned or postponed. In this case, all bets stand.

v.            There will be no refunds of bets should a jockey be replaced by another rider.

vi.            If a rider or trainer does not take any part in the days racing bets will be refunded.

vii.            In the event of two or more competitor being tied on same number of points at end of competition the Dead Heat Rule will apply.

viii.            Box Challenge points will be awarded if a reserve runner fills a placing to the box in which they are allocated.

ix.            Jockey Challenge points will be awarded to a replacement rider where that rider earns points on a horse which they actually ride.


1.6 Tote & Exotics

1.6.1 General

When you make a bet on any Betfair Tote & Exotics product you are betting directly with Betfair Pty Ltd.

Once your offer to bet has been accepted by Betfair Pty Ltd, you will not be allowed to change the terms of that bet or cancel or withdraw from that bet. Acceptance of an offer by Betfair Pty Ltd, which will be communicated to the customer, concludes the bet.

Your bet on a Tote & Exotics market will not be considered to have been accepted and finalised until you have received confirmation from Betfair Pty Ltd that the bet has been accepted. In circumstances where no confirmation of bet acceptance has been provided and received, your bet will not be accepted. Betfair will have no liability to you (including for any money that you would have won) if you are not provided with confirmation that your bet has been accepted.

All dividends paid on all Australian Tote & Exotics markets will be paid in accordance with and at the same rate as the official dividend declared by TattsBet. All dividends are calculated by TattsBet in accordance with the Wagering Rule 2010 published by the Queensland Office of Liquor and Gaming Regulation. Unless provided for otherwise in these rules the terms of the Wagering Rule 2010 will apply to all bets placed on the Betfair Tote & Exotics product.

In the event that TattsBet declares a jackpot on any Tote & Exotics market, the dividend payable is calculated by taking the total TattsBet pool for the relevant bet type and dividing it by the number of $1.00 winning units. Where the total number of winning units held by Betfair is less than one, the flexi % held is multiplied over the jackpot amount to determine the dividend payable.


Unless provided for otherwise in these rules the terms of the Wagering Rule 2010 will apply to all bets placed on the Betfair Tote & Exotics product.

1.6.2 Product specific rules
Not all of the products listed below will be made available on all races.

a.       Tote Win 
A Tote Win bet will be paid at the official dividend declared by TattsBet for customers who select the runner or runners that place first in a race. A Tote Win market must have at least 2 runners in the race otherwise the market will be void.

b.      Tote Place
A Tote Place bet will be paid at the official dividend declared by TattsBet for customers who select the runners that place - 

o    first and second in a 2 dividend race; or

o    first, second and third in a 3 dividend race.

A Tote Place market will not be valid unless an official dividend is declared for that market by TattsBet. 
Where there are eight (8) or more runners remaining in a race after the declaration of final scratchings and at least seven (7) runners start in the race, then the place dividend shall be paid on first, second and third place.  If in these circumstances less than seven (7) runners start in the race, then the place dividend shall be paid on first and second place only.

Where there are between five (5) and seven (7) runners remaining in a race after the declaration of final scratchings and at least four (4) runners start in the race, then the place dividend shall be paid on first and second places only.

Where there are less than five (5) runners remaining in a race after the declaration of final scratchings or less than four (4) runners start in the race, then no place wagers will be accepted.

c.       Quinella 
A quinella requires a customer to select the runners that place first and second in a race in any order. A race must have at least three (3) starters for a quinella dividend to be paid.
In the event of a scratching or a runner being declared a non-runner after a wager is placed, all investments received on any combination of runners that includes the withdrawn runner are to be refunded to the customer.

Betfair offers four methods by which customers can place quinellas:

Standard
For a Standard Quinella, choose the first two placegetters past the post, in any order. As long as your two selections finish first and second, you collect the Quinella dividend.

Box
With a Box Quinella you can choose as many runners as you like, providing two of your selections finish first and second, in any order. The more runners you 'Box' in a Quinella the more combinations you get.

'Standout' or 'Banker'
Providing your 'Banker' selection runs first or second and any one of your other selections finishes first or second with your 'Banker', you win the Quinella. The more 'other' selections you take, the more combinations you get. Note that a 'Banker' may also be referred to as a 'Standout'.

d.      Exacta 
An exacta requires a customer to select the runners that place first and second in a race in the correct order. A race must have at least three (3) starters for an exacta dividend to be paid.
In the event of a scratching or a runner being declared a non-runner after a wager is placed, all investments received on any combination of runners that includes the withdrawn runner are to be refunded to the customer.

Betfair offers four methods by which customers can place exactas:

Standard
For a Standard Exacta, just choose the first two placegetters past the post, in correct order. As long you select the two runners that finish first and second in the correct order, you will collect the Exacta dividend.

Box
With a Box Exacta you can choose as many runners as you like, providing two of your selections finish first and second you win the Exacta. The more runners you 'Box' in an exacta the more combinations you get.

Banker
Providing your 'Banker' runs first and any one of your other selections finishes second with your 'Banker', you win the Exacta. The more 'other' selections you take the more combinations you get.

Multiple
A Multiple Exacta allows you take as many runners as you like for each placing. For example, you can take four (4) runners for first and three (3) runners for second. Providing one of your runners selected for first runs first, one of your runners selected for second runs second, then you win the Exacta.

e.      Trifecta
A trifecta requires a customer to select the runners that place first, second and third in a race in the correct order.
In the event of a scratching or a runner being declared a non-runner after a wager is placed, all investments received on any combination of runners that includes the withdrawn runner are to be refunded to the customer.

Betfair offers five methods by which customers can place trifectas:

Standard
For a Standard Trifecta you have to select first, second and third in the correct finishing order. This gives you just one combination to win. 

Box
By 'boxing' your selections you cover all the possible combinations involving those runners. For example, three (3) runners boxed will cover all six (6) possible combinations. You can box as many runners as you like.

Multiple
A Multiple Trifecta allows you take as many runners as you like for each placing. For example, you can take three (3) runners for first, five (5) runners for second and twelve (12) runners for third. Providing one of your runners selected for first runs first, one of your runners selected for second runs second and one of your runners selected for third runs third then you win the Trifecta.

Banker
Your Banker has to win the race and your selections for second and third must finish second and third to win the Trifecta. The more 'other' selections you take the more combinations you get

Roving Banker
Providing your Roving Banker selection runs a place and your 'other' selections fill the other placings then you win the Trifecta. A Double Roving Trifecta is successful where your two selections run a place with one or more other runners. Providing your two (2) Double Roving selections run two of the placings and one of your other selections fills the remaining placing, you win the Trifecta.

f.        First Four
A first four requires a customer to select the runners that place first, second, third and fourth in a race in the correct order.
In the event of a scratching or a runner being declared a non-runner after a wager is placed, all investments received on any combination of runners that includes the withdrawn runner are to be refunded to the customer. 

Betfair offers five methods by which customers can place first fours:
Standard
You choose the first four (4) placegetters past the post in the order you think they will finish. If your four selections finish in the correct order, you win the First Four dividend.

Box
With a box First Four you can select as many runners as you like. Providing that four of your selections finish first, second, third and fourth you win the dividend.

Multiple
With a Multiple First Four, any number of selections can be taken for first, second, third and fourth. Providing the selections that you nominate for each placing actually finish in that placing, then you will win the dividend. For example, you might select two (2) runners for first, four (4) runners to fill second placing, six (6) runners to fill third and eight (8) runners to finish fourth.

Banker
Your 'Banker' must win the race and your other selections must finish second, third and fourth for you to win the First Four dividend.

Roving Banker
Providing your Roving Banker selection runs first, second, third or fourth and your 'other' selections fill the other placings, you win the First Four. A Double Roving First Four is successful where your two (2) Double Roving selections run two of the first four placings and your other selections fill the remaining two placings.

g.       Tote Doubles
A double requires a customer to select the runner that places first in each of the 2 races selected by Betfair as forming part of the double, with such races being conducted at the same race meeting on the same day. 
In the event of a scratching or a runner being declared a non-runner after a wager is placed, that portion of the wager will be transferred to the substitute runner as declared by TattsBet.

In the event that a race that is part of a double is abandoned or cancelled or declared a no-race, the cancelled race is deemed to have been run and all combination of runners are taken to have included the winner of the cancelled race.

In the event that both legs that are part of a double are abandoned or cancelled or declared a no-race, then all investments on the double are to be refunded in full.

h.      Quadrella
A Quadrella requires a customer to select the runner that places first in each of the 4 races selected by Betfair as forming part of the quadrella, with such races being conducted at the same race meeting on the same day.
In the event of a scratching or a runner being declared a non-runner after a wager is placed, that portion of the wager will be transferred to the substitute runner as declared by TattsBet.

In the event that a race that is part of a quadrella is abandoned or cancelled or declared a no-race, the cancelled race is deemed to have been run and all combination of runners are taken to have included the winner of the cancelled race.

In the event that all legs that are part of a quadrella are abandoned or cancelled or declared a no-race, then all investments on the quadrella are to be refunded in full.

1.6.3 Flexi betting
A flexi bet is an investment based on the maximum amount nominated by a customer to invest on an investment and for a winning investment, results in a proportion of the dividend payable on a $1 investment.

All flexi bets must be for a minimum of 1%.

The percentage of the dividend payable to a customer is determined by dividing the maximum amount nominated by the customer by the cost of the investment based on a $1 unit.  Where this percentage is not a whole number, it will be rounded down to the nearest whole percentage. 

The cost of a flexi bet will generally be the maximum amount nominated by the customer on the betslip. However, in circumstances where the percentage of the dividend payable to the customer is rounded down in accordance with the above, the customer's account will be debited the actual cost of the flexi bet rounded up to the nearest 10 cents.

These calculations will be conducted automatically by Betfair and customers will be asked to confirm both the percentage of the dividend payable and the cost of the flexi bet prior to the bet being submitted.

A working example of the calculations is provided below:

A user enters valid selections in a Trifecta which totals 56 lines and a nominated maximum stake of $50.

The percentage of dividend payable will be:

o
Stake ($50) / Lines (56) = 89.286%

o
Percentage is to be rounded down to the nearest whole percentage, in this case, is 89%.

-
The system must then determine the actual total cost of the flexi bet by using the newly rounded percentage. The calculation is number of lines multiplied by the percentage of dividend payable. In this case, Lines (56) * Percentage (.89) = $49.84

-
Where the cost of the flexi bet has two decimal points after rounding as is the case in this example, the system will round the total cost up to the closest whole decimal (ensuring it is still less than the maximum amount nominated by the customer). In this case, $49.84 is rounded up to $49.90, which becomes the total cost of the flexi bet.


ANNEXURE A: FIXED ODDS SCALE OF DEDUCTIONS

Odds

Win Deduction (%)

Place Deduction (3 places) (%)

Place Deduction (2 Place) (%)

1.01 - 1.16

80

30

44

1.17 - 1.18

79

30

44

1.19 - 1.20

78

30

44

1.21 - 1.22

77

30

44

1.23 - 1.24

75

29

43

1.25 - 1.26

74

29

43

1.27 - 1.28

73

29

43

1.29 - 1.30

72

29

42

1.31 - 1.35

69

29

42

1.36 - 1.40

67

28

41

1.41 - 1.45

64

28

41

1.46 - 1.50

62

28

40

1.51 - 1.55

60

27

39

1.56 - 1.60

58

27

39

1.61 - 1.65

57

27

38

1.66 - 1.70

55

27

38

1.71 - 1.75

53

26

37

1.76 - 1.80

52

26

37

1.81 - 1.85

51

26

36

1.86 - 1.90

49

25

36

1.91 - 1.95

48

25

35

1.96 - 2.00

47

25

35

2.01 - 2.05

46

25

35

2.06 - 2.10

45

24

34

2.11 - 2.15

43

24

34

2.16 - 2.25

42

24

33

2.26 - 2.30

41

24

33

2.31 - 2.35

40

23

32

2.36 - 2.40

39

23

32

2.41 - 2.45

38

23

32

2.46 - 2.50

37

23

31

2.51 - 2.60

36

22

30

2.61 - 2.70

35

22

30

2.71 - 2.80

33

21

29

2.81 - 2.90

32

21

29

2.91 - 3.00

31

21

28

3.01 - 3.10

30

20

27

3.11 - 3.20

29

20

27

3.21 - 3.30

28

20

26

3.31 - 3.40

27

19

26

3.41 - 3.50

27

19

25

3.51 - 3.60

26

19

25

3.61 - 3.70

25

19

25

3.71 - 3.80

25

18

24

3.81 - 3.90

24

18

24

3.91 - 4.00

23

18

23

4.01 - 4.20

22

17

23

4.21 - 4.40

21

17

22

4.41 - 4.60

20

16

21

4.61 - 4.80

19

16

21

4.81 - 5.00

19

16

20

5.01 - 5.50

17

15

19

5.51 - 6.00

16

14

18

6.01 - 6.50

14

13

16

6.51 - 7.00

13

12

16

7.01 - 7.50

12

12

15

7.51 - 8.00

12

11

14

8.01 - 8.50

11

11

13

8.51 - 9.00

10

10

13

9.01 - 9.50

10

10

12

9.51 - 10.00

9

10

12

10.01 - 11.00

8

9

11

11.01 - 12.00

8

8

10

12.01 - 13.00

7

8

9

13.01 - 14.00

7

7

9

14.01 - 16.00

6

7

8

16.01 - 19.00

5

6

7

19.01 - 20.00

5

5

6

20.01 - 21.00

4

5

6

21.01 - 26.00

3

4

5

26.01 - 31.00

3

3

4

31.01 - 41.00

2

3

3

41.01 - 51.00

2

2

2





Back to top
Betfair Pty Ltd is licensed and regulated by the Tasmanian Gaming Commission. BETFAIR and the BETFAIR LOGO are registered trade marks of The Sporting Exchange Limited.