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| Betfair
Betting Exchange Review - Web Site Information |
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Betfair is the trading name of The Sporting Exchange Ltd,
the UK's leading betting and gaming group. Set up in 1999
the Betfair betting exchange is the UK's biggest betting group
and continues to grow as a popular online betting resource.
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The Sporting Exchange Limited is located in the United Kingdom
and operates within the confines of the Betting, Gaming and
Lotteries Act 1963. It holds a bookmaker's permit in England
and Wales.
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Your Betfair Free Bet |
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| Betfair
- Available Betting Markets / Events |
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Betfair
Offer Online Betting For :
American Football, Atheletics, Australian Rules, Baseball,
Bandy, Basketball, Boxing, Cricket, Cycling, Darts, Football,
Golf, Greyhounds, Handball, Horse Racing, Hurling, US Horse
Racing, Ice Hockey, Motor Sports, Pool, Rowing, Rugby League,
Rugby Union, Snooker, Speedway, Tennis,
Trotting, Specials, Winter Sports |
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| Betfair
Customer Service & Contact Details |
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| Betfair
Customer Service UK Email : |
info@betfair.com |
| Betfair
Customer Service UK Telephone : |
08000
288 365 |
| Betfair
Customer Service UK Via Mail : |
Betfair
PO Box 34467
London
W6 9WS
United Kingdom |
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| International
Betfair Customers : |
Click
Here
For Details |
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| Official
Website Address : |
http://www.betfair.com |
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What
is Betfair?
All bets on Betfair have been
placed there by users who either want to have a bet in the
normal way (back), or offer odds to other punters (lay).
Bets are matched between people with opposing views.
Why use Betfair?
• You can bet that an
outcome will happen (back) or that it won't happen (LAY).
• You can choose the odds you want to play at
• You can bet whilst the game is in play.
Back or lay
When you "back" a
selection (be it an individual, a team, horse, dog or other),
you are betting that it will win. This is just like betting
with conventional bookies.
When you "lay" it, you are betting against it winning.
For example, if you're betting in a market on which team is
going to win the Premiership and you lay Man Utd, you offer
odds to other punters who wish to back Man Utd. If Man Utd
don't win, then you pick up the backer's stake. If Man Utd
wins, then you pay out. This is what bookmakers traditionally
do.
You never know who you are betting against, your privacy and
the confidentiality of your bets is maintained by Betfair's
secure site.
Choose odds
With Betfair there is always
a choice of what odds to accept. If you want better odds than
are currently available, you can place an order for a better
price, but be realistic because there has to be somebody prepared
to lay the bet at those odds, and vice versa.
Take a look at the odds before a game and you will see them
change as visitors back and lay their bets. The odds often
improve nearer to the off, as there are more people in the
market.
Commission
You do not pay tax at Betfair,
and commission is only paid on your net winnings on each market.
This is particularly beneficial if you have multiple bets
on a single market such as the Premiership Winner market.
Some of your bets may win, some may lose, however you only
pay commission on your NET winnings. If your bets in a particular
market amount to a net loss, you do not pay commission.
We offer a customer incentive scheme. You can receive a discount
off the standard Market Base Rate dependent on how much you
bet. The more you bet, the larger the discount you receive.
This is known as your Discount Rate.
Fees for transferring funds
to and from Betfair
To reflect Betfair's own charges,
there is a 1.5% fee for all credit card deposits. There is
NO fee for UK debit card deposits or withdrawals to any card.
Deposits and withdrawals can also be made by cheque and bank
transfer - there is a small fee for bank transfer withdrawals
only. These fees are made by our bank and are not retained
by Betfair.
Who is behind Betfair?
Betfair is the trading name
of The Sporting Exchange Ltd.
The Sporting Exchange Limited is registered as a limited liability
company in England and Wales, company number 3770548. The
registered office of The Sporting Exchange Limited is at:
The Waterfront,
Hammersmith Embankment,
London,
W6 9HP.
The Sporting Exchange Limited was founded in August 1999 by
Andrew Black and Edward Wray in order to commercialise proprietary
betting technology that had been under development for the
preceding year.
The technology used by The Sporting Exchange Limited is proprietary
and, as well as being protected by copyright, is the subject
of a patent application that has been filed with the United
Kingdom Patent Office.
The Sporting Exchange Limited is located in the United Kingdom
and operates within the confines of the Betting, Gaming and
Lotteries Act 1963. It holds a bookmaker's permit in England
and Wales.
For any enquiries concerning the company please go to the
Contact us section.
Is betting with Betfair safe?
• Your full card details
are encrypted and sent over the internet only once - when
you register your card.
• Your card details remain encrypted and are stored
on Betfair's secure server.
• Betfair uses DataCash and The Royal Bank of Scotland
plc as our secure payment partners.
• Betfair possesses a BT TrustWise Secure Server Certificate,
has a bookmaker's permit and is registered as a limited liability
company in England and Wales.
• For further information on the Betfair deposit process,
email info@betfair.com or call our UK help desk on 0044 20
8834 8060. Betfair
Data Protection and Privacy Policy
Betfair wants visitors to its website to know that we are
just as concerned as you are about the privacy of any personal
information that you may choose to provide us ("Personal
Information"). Personal Information is any information
about you and may include your name and address, date of
birth, payment card details, details of betting transactions
and account transfers and any other information you may
wish to provide. Betfair is endeavouring to ensure that
our business practices that involve the use of your Personal
Information are compliant with privacy regulations in the
countries where we operate. Accordingly, Betfair wants not
only to advise you of your privacy rights but also explain
how we intend to respect them.
How is your Personal Information
collected by Betfair?
Personal
Information may be submitted to both the public and private
areas of our website.
Personal Information may be submitted on our website in
two areas:
(a) Public Area
If you do provide your name and address on the public area
of the betfair website in order to request information about
betfair products and services, you may voluntarily provide
additional personal information. You will be asked to provide
your Personal Information in this area for the purposes
of registering with Betfair and opening an account with
them.
(b) Private Area
If you are already a Betfair customer and have opened an
account with betfair, you must use a password to enter the
Betfair website. A "session cookie" is used to
enable you to leave and re-enter our website without re-entering
your password. The betfair web server will record the pages
you visit within their website.
To ensure a good quality of service betfair may monitor
and record any communication you have with betfair whether
in writing, by phone or by electronic mail. E-mail is not
encrypted to / from either the public or private areas of
the betfair website. Betfair recommends that you do not
send us Personal Information by e-mail.
How Betfair use Cookies on our their site and what Information
they collect.
For information about cookies
please refer to www.allaboutcookies.org
Session Cookies.
Betfair use session cookies
for the following purposes:
• To allow you to carry information across pages of
the betfair site and avoid having to re-enter information.
• Within registration to allow you to access stored
information.
• Non personal data for tagging purposes only (by
random number)
Persistent Cookies.
Betfair use persistent cookies
for the following purposes:
• To help betfair recognise you as a unique visitor
(just a number) when you return to the betfair website and
to allow betfair to tailor content or advertisements to
match your preferred interests or to avoid showing you the
same adverts repeatedly.
• To compile anonymous, aggregated statistics that
allow betfair to understand how users use the betfair site
and to help us improve the structure of the betfair website.
• To internally identify you by account name, name,
email address, customer ID, currency and location (geographic
and computer ID/IP address)
• To differentiate users who are on the same network
to enable us to correctly allocate bets to the appropriate
account.
• Within research surveys to ensure you are not invited
to complete a questionnaire too often or after you have
already done so.
Third Party Cookies
Third parties serve cookies
via this site. These are used for the following purposes:
• To serve advertisements on the betfair site and
track whether these advertisements are clicked on by betfair
users.
• To control how often you are shown a particular
advertisement.
• To tailor content to your preferences.
• To count the number of anonymous users of the betfair
site.
• For website usage analysis
Use of Web Beacons.
Some of the betfair web pages
may contain electronic images known as Web beacons (sometimes
known as clear gifs) that allow betfair to count users who
have visited these pages. Web beacons collect only limited
information which including a cookie number, time and date
of a page view, and a description of the page on which the
Web beacon resides. Betfair may also carry web beacons placed
by third party advertisers. These beacons do not carry any
personally identifiable information and are only used to
track the effectiveness of a particular campaign.
Disabling/Enabling Cookies.
You have the ability to accept
or decline cookies by modifying the settings in your browser.
However, you may not be able to use all the interactive
features of our site if cookies are disabled.
To find out how to enable/disable cookies see www.allaboutcookies.org.
How
your Personal Information is used?
Betfair will process your
Personal Information to administer your account, maintain
our accounts and records, monitor website usage levels and
the quality of the service we provide and to inform you,
from time to time, about products and services that we consider
may interest you. Betfair will also retain such information
and may analyse it if asked to do so in order to investigate
any actual or suspected criminal activity or, in respect
of any event featured on our website, any threat to the
integrity of that event and/or breaches of the rules of
that event as laid down by the relevant governing (including
sporting) bodies. All rights in the manner of recording
your Personal Information held by Betfair (including copyright
and database rights) are and shall remain its property.
Telephone calls and betting data relating to users will
be recorded and may be actively monitored for which purposes
all users hereby consent.
To whom and where personal
information may be disclosed?
Your Personal Information
may, for the purposes described above, be transferred or
disclosed to any company within The Sporting Exchange Limited
group of companies ("the Group") or, subject to
appropriate agreement to third parties, for the processing
of that Personal Information on our behalf. The Group may,
from time to time, retain third parties to process your
Personal Information for the purposes listed above and such
processing will be governed by a contract in the form required
by law.
Where required by law, your Personal Information may also
be disclosed to an applicable governmental, regulatory,
sporting or enforcement authority. Additionally, your Personal
Information may be disclosed to any regulatory or sporting
body in connection with policing the integrity or enforcing
the rules of a sport or game and/or prevention and detection
of crime and with whom the Group has agreements from time
to time for the sharing of such data and where the Group
considers that there are reasonable grounds to suspect that
you may be involved in a breach of such rules or the law,
have knowledge of a breach of such rules or the law or otherwise
pose a threat to the integrity of the relevant sport or
game. Those bodies may then use your Personal Information
to investigate and act on any such breaches in accordance
with their procedures.
In connection with the above purposes it may be necessary
for Betfair to disclose information to entities located
in countries outside the UK and EU in each case in accordance
with appropriate technical and organizational security measures.
By agreeing to this policy, by use of the Betfair site or
otherwise, you agree that Betfair may store and use historical
data relating to you and your account(s) for the purposes
outlined in this policy. As at January 2005 Betfair has
entered into Memoranda of Understanding ("MOUS")
with the following regulatory and/or sporting bodies:
• The Jockey Club
• The Association of Professional Tennis Players
• The Darts Regulatory Authority
• The International Cricket Council
• Cricket Australia
• The Rugby Football League
• The English FA
• The National Horseracing Authority of South Africa
• UEFA
• The National Greyhound Racing Club
Further
MOUs may have been entered with other organizations since
January 2005 (details available on request in accordance
with the procedures outlined in section 7 of the Data Protection
Act 1998)
Consent
By providing your Personal
Information and registering with betfair or logging on with
betfair when you enter their website, you explicitly consent
to the Group processing and disclosing your Personal Information
for the purposes, and otherwise in the manner, set out on
this page, or as otherwise provided in accordance with the
Terms and Conditions. If you wish to qualify, vary, modify
or limit your consent in any way then please notify Betfair.
General information
You may at any time request
a copy of your Personal Information held by the Group in
accordance with subject access rules in the Data Protection
Act 1998.
The Group includes all direct and indirect subsidiaries
and related companies of The Sporting Exchange Limited wherever
located in the world as may exist from time to time.
In accordance with the Terms and Conditions, Betfair reserves
the right to alter the purposes for which it processes your
Personal Information. In the event that Betfair considers
it appropriate to make any such change, you will be notified
as soon as practicable.
For full details about Group members, where they operate,
or for a copy of your Personal Information or any other
queries you may have about our data protection policy please
contact The Sporting Exchange Limited. Again, our contact
details are located in the 'Contact Us' pages of our website. |
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American
Football
• Bets will be settled on the official result including
overtime, however in the event of a tie after overtime all
bets placed on 'Match Odds' markets will be void.
• If a match is abandoned all bets placed on 'Match
Odds' markets will be void, unless 55 minutes of play have
elapsed or an official result is 'called' by the NFL. All
other markets will be void except for those which have been
unconditionally determined, unless 55 minutes of play have
elapsed in which case all bets will stand. If a match is postponed
by more than three days, all bets will be void.
• For bets on 'time of an occurrence', all bets will
be settled to the next whole minute. Each quarter will be
deemed to last no more than 15 minutes and if no touchdown
is scored, or it is scored in overtime, the result will be
settled at 60.
• 'Statistics' bets will be settled in accordance the
official statistics provided by the NFL.
• 'Individual player' bets, will stand if a player is
'suited-up' and ready to play. Bets placed on a player who
is not 'suited-up' will be void.
• Where a venue is changed, bets will be void only if
the new venue is the original away team's home ground.
In-play markets
• All unmatched bets will be cancelled at kick-off.
Bets placed when the market has been turned in-play are done
so on a 'buyer beware' basis and, as such, will not be cancelled
by Betfair at any point during the match.
Athletics
• Podium positions will count as official results, regardless
of any subsequent disqualifications. If there is no podium
ceremony, outcomes will be determined in accordance with the
official IAAF result.
• If a track or field event is cancelled for any reason
prior to the event, all bets will be void.
• Unless otherwise stated, If an athlete fails to start
an event all bets on that athlete will be void. Once an athlete
has started the event all bets on that athlete will stand.
• The total medal tally will be determined by the officially-published
IAAF results.
Australian Rules Football
• Bets will be settled on the official result.
• If a match is abandoned or postponed by more than
three days, all bets will be void, except for those on markets
which have been unconditionally determined.
Bandy
• Matches must have at least 80 minutes play for bets
to stand. Extra Time does not count.
• If any match is played 3x30min instead of 2x45min
all bets will stand.
• If a match is postponed by more than three days, all
bets will be void.
Baseball
• If a match does not start at the stated date all bets
will be void.
• If a match is abandoned all bets placed on 'Match
Odds' markets will be void unless there have been at least
5 innings played (4 1/2 if the home team is ahead).
• All 'Match' bets will include extra innings, unless
otherwise stated.
• 'Total runs' or 'Run line' bets will only stand if
the game completes 9 innings (8 1/2 if the home team is ahead)
unless the outcome has been unconditionally determined.
• "Listed" bets will only stand if both named
pitchers in the Match Odds (Listed) market start the game.
Basketball
• Bets will be settled on the official final score including
overtime.
• If a match is abandoned or postponed by more than
three days, all bets will be void, except for those markets
which have been unconditionally determined.
Boxing
• If a fight is postponed by more than three days, or
a boxer is withdrawn or substituted, 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.
• All markets will be settled according to the official
result, as announced immediately after the end of the fight.
TopCricket
Test series / test matches
• If a ball is not bowled during the series or match
then all bets will be void.
• At least one ball must be bowled in an innings for
'innings runs' to stand.
• At least one ball must be bowled while a batsman is
in bat (facing or not) for 'individual batsman runs' bets
to stand. If a batsman retires and does not resume his innings,
his score will stand.
• If the official result is a Tied Match in any Test,
County or Limited Overs Match then all bets on Match Odds
markets will be void.
• At the scheduled start of play all unmatched bets
will be cancelled and the market turned in play, unless otherwise
stated in the market text.
• Bets placed when the market is turned in play are
done so on a 'Buyer Beware' basis and, unless stated in the
market text, will not be cancelled by Betfair at any point
in the match.
One-day tournaments / one-day matches
• If a ball is not bowled during the series or match
then all bets will be void
• If a match is shortened by weather or for any other
reason, "match" bets will be settled according to
the official result - this may or may not include matches
affected by the Duckworth Lewis method. (See below for markets
settled according to Duckworth-Lewis).
• If a match is not completed for any reason, and neither
team has been officially declared the winner, all bets that
have not been unconditionally determined will be void.
• "Individual Batsman Runs" will stand if
the player is chosen in the starting XI. If any player does
not bat, he will be deemed to have scored zero.
• All 'team supremacy' bets will be determined by the
official result. Where there is no official result all bets
will be void.
• If a match is abandoned or postponed by more than
three days, all bets will be void, except those which have
been unconditionally determined.
• Where a venue is changed, bets will be void if the
new venue is the original away team's home ground.
• If any player retires and does not resume his innings
his score will stand.
• All team supremacy bets will be determined by the
official result.
• At the scheduled start of play all unmatched bets
will be cancelled and the market turned in play, unless otherwise
stated in the market text.
• Bets placed when the market is turned in play are
done so on a "Buyer Beware" basis and, unless otherwise
stated in the market text, will not be cancelled by Betfair
at any point in the match.
• 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 30 minutes before the original scheduled start of play
on the first day will be made void. This is regardless of
any changes in team or venue unless the new venue is the away
team's home ground. This rule relates to all markets except
those that have been unconditionally determined.
• If the official result is a Tied Match in any Test,
County or Limited Overs Match then all bets on Match Odds
markets will be void.
Matches affected by the Duckworth Lewis method
• In the case of the Duckworth-Lewis method being implemented,
"Match" bets, "Individual Runs" bets and
"Individual Match" bets will be settled according
to the official result.
• All bets matched on "Highest 15 over Total"
and "Opening Partnership" will be void, unless the
bet had been determined before the Duckworth Lewis rule was
implemented.
Cycling
• All 'outright winner' or 'stage winner' bets on individual
riders will be void if a rider fails to start the competition
or stage. However, bets will stand if the rider withdraws
once the competition or stage has started.
• Podium positions will count as official results, regardless
of any subsequent disqualifications. If there is no podium
ceremony, outcomes will be determined in accordance with the
officially published result.
• For the 'Tour de France winning team' market, team
classification is determined by adding each team's best three
individual times for the prologue and every stage. If a team
finishes the race with less than three riders all bets on
that team will be void.
Darts
• If a player fails to start a tournament or a match,
all bets on that player or individual match will be void.
• In the event of a match starting but not being completed,
the player progressing to the next round will be deemed the
winner.
In-play markets
• The 'outright winner' market will remain open throughout
the tournament and at no point prior to the start of the final
will unmatched bets be cancelled.
• All unmatched bets on an individual match will be
cancelled before the start of a match, unless otherwise stated.
Bets placed when the market has been turned in-play are done
so on a 'buyer beware' basis and, as such, will not be cancelled
by Betfair at any point during the match.
Golf
General
• Market-specific rules and explanations will be covered
in the market text attached to each market.
• If a tournament is abandoned and no official result
is declared all bets will be void, except those which have
been unconditionally determined.
• If a tournament is shortened and the result decided
from a previous round then all bets matched after this round
will be void.
• If a player is disqualified, whether during or after
a round, that player is not deemed to have completed that
round.
Tournament match betting
• If a player withdraws without playing a stroke all
bets will be void.
• Any player withdrawing or being disqualified having
played a stroke will be settled as a loser.
• In a match bet, if both players fail to complete a
particular round the winner is the player with the lowest
score after the previous round.
• If a player is disqualified they will be settled as
a loser. Should both players fail to complete the first round
then all bets will be void.
Round Betting Markets
• If a player withdraws without playing a stroke in
that round all bets will be void.
• Any player withdrawing or being disqualified having
played a stroke in that round will be settled as a loser.
Should all players fail to complete the round then all bets
will be void.
Hole-by-Hole Markets
• These markets are settled on completion of the hole.
Any subsequent penalties or disqualification will not be taken
into account.
• Should a hole not be completed for any reason all
bets on that hole will be void.
Greyhound Racing
• If a non-runner or reserve runner is declared, all
bets matched on the race prior to the update of the market
on Betfair will be void.
• In Ante Post markets, all bets on individual greyhounds
stand whether the greyhound runs or not. Withdrawals will
be removed when they become known to Betfair.
• Sky televised In-Running races will continue to bet
as normal until the traps open, at which point all unmatched
bets will be cancelled and the market will be turned In-Play.
There will be no further intervention by Betfair until the
winning greyhound crosses the line.
• 'Trap challenge' bets are on which trap results in
the most winners during a race meeting, unless otherwise stated
in the market text.
• 'Multi-trap' or 'multiplied trap numbers' bets are
on the cumulative sum of the winning trap multiplied by the
second trap during a race meeting, unless otherwise stated.
If a race is cancelled, six-dog races will be allocated 12
points and eight-dog races 20 points. Re-run races will be
treated as cancelled races.
• 'Winning distances' bets are on the sum of the winning
distances for all races during a race meeting, unless otherwise
stated. The maximum winning distance between dogs in any race
is 10 lengths, or 2 lengths if a race is cancelled.
• 'Without Favourite' markets will be formed with reference
to the racing press at the time of activation. Once active,
the market will remain unchanged.
• 'Match Bets' are determined by the greyhound with
the highest finishing position in a race or competition.
• 'Reverse Forecast' markets are determined by those
greyhounds placed first and second in a race. Runners are
listed in trap numbers showing both winning combinations.
Handball
• All bets apply to the full 60 minutes of play. Any
extra time is not included unless otherwise stated.
• If any match is abandoned before 60 minutes are played,
or postponed by more than three days, all bets will be void,
except those that have been unconditionally determined.
Horse Racing
• For any bet to stand it must have had a chance of
winning when matched.
Antepost
• In ante-post markets, all bets on an individual horse
stand whether the horse runs or not, unless the horse is balloted
out. Bets matched on horses after they have forfeited their
entry at a particular entry stage will be voided unless the
race in question has a subsequent supplementary entry stage.
No Betfair Non Runner Rule deductions are made to Antepost
bets.
• Where weather or outside influences cause an event
to be postponed or rescheduled to another day then ante-post
bets will stand unless entries are re-opened.
• Ante-post bets on horse racing will be void if the
race is officially abandoned or declared void, or the conditions
of the race/venue is altered.
• Betfair may suspend the betting at any entry stage
to protect users and carry out necessary administration.
Win and Place
• Bets are placed on a named selection to win the race
or to finish in any of the positions laid out in the market
terms. All bets will be settled according to the official
result at the time of the 'weigh-in'.
• If a race is abandoned or otherwise declared void
all bets on that race will be void, and in the event of a
walkover all bets will be void.
Place Terms - UK Markets
• The number of winners in 'to be placed' markets is
determined by the number of runners in the overnight declaration
(less any known non-runners), according to the following scale:
- 5 - 7 runners 1st and 2nd
- 8 - 15 runners 1st, 2nd and 3rd
- 16+ runners (non-handicap) 1st, 2nd and 3rd
- 16+ runners (handicap) 1st, 2nd, 3rd and 4th
• Once opened, the number of winners in 'to be placed'
markets will not be affected by further non-runners. If the
situation occurs where the number of winners is equals to
or is greater than the number of runners, all bets in this
market will be void.
Winning Distance Bets
• Winning distances' bets are on the sum of the winning
distances from each race on one particular day at a race meeting.
• The winning distance in a race will be the officially
declared distance between the first two horses past the post
that have completed the race and followed the correct course.
• For the purpose of this bet, the maximum distance
on any individual race will be 12 lengths for Flat races and
30 lengths for National Hunt races. For distances below half
a length, the following scale will be applied:
- Nose 0.05 length
- Short-head 0.1
- Head 0.2
- Short-neck 0.25
- Neck 0.3
• If a meeting has three or more races abandoned or
declared void, then all 'winning distance' bets, except those
that have been unconditionally determined, will be void.
• When only one or two races are abandoned or declared
void, then 'winning distance' bets will be settled with a
default distance used for each abandoned or void race. The
distances are two lengths for Flat races and 10 lengths for
National Hunt races.
• In the case of a Walkover the following distances
will be applied:
- Flat: 5 lengths
- National Hunt: 12 lengths
• The sum of all the winning distances, based on these
figures, will be rounded to the nearest whole number at the
end of the day's racing (rounded up, if half) and bets will
be settled on this result.
In-play markets
• Betting will continue as normal until the 'off' at
which point all unmatched bets will be cancelled and the market
will be turned in-play.
• There will be no further intervention by Betfair until
the end of the race, at which point betting will be suspended
and all unmatched bets will be cancelled.
• If a photo or a steward's enquiry is called the market
will be re-opened as soon as possible.
Betfair Non-Runner Rule
• Betfair's non-runner rule is based on Tattersall's
Rule 4 and relates to the adjustment of odds on matched bets
when one or more horses in a race are declared non-runners.
• Any horse declared for a race which does not subsequently
come under starter's orders is deemed to be a non-runner.
• Prior to all betting on a race, each horse is given
a 'reduction factor', based on Betfair's estimate of each
horse's chance of winning with reference to the racing press
- this number can be viewed on the 'info' page for each horse
on www.betfair.com or by asking the Telephone Desk. In general
the higher the number the more fancied the horse.
• Reductions will be made to both win and place markets
but applied differently, and horses will have a different
reduction factor for each.
• As soon as Betfair becomes aware that a horse is a
confirmed non-runner, the following will happen automatically:
- All matched bets on that horse will be void and the horse
will be removed from the market.
- In
the Win market if the reduction factor of the non-runner is
2.5% or greater, the odds of all the matched bets on the remaining
horses will be reduced by an amount equal to the non-runner's
final reduction factor and all the unmatched bets to Lay any
of the remaining horses will be cancelled. If the non-runner's
reduction factor is less than 2.5% no reductions will be made
and no unmatched bets will be cancelled.
- No reduction factors are applied to bets which are struck
in-running.
- In the Place market the reduction factor of all non-runners
will be applied and the odds of matched bets on the remaining
horses will be reduced by an amount equal to the non-runner's
final reduction factor. Only if the non-runners reduction
factor is 4.0% or greater will all the unmatched bets to Lay
any of the remaining horses will be cancelled.
- All the reduction factors on the remaining horses will be
adjusted to reflect their improved chance of winning.
- In the event of a late withdrawal, Betfair reserve the right
to remove the runner after completion of the race. In this
case only those bets placed prior to the start of the race
will be affected by a reduction factor. Reduction factors
will not apply to in-running bets.
- In the event of a non-runner being removed from a race in
error or due to incorrect information, Betfair will reinstate
the runner and all bets associated with that runner. If the
runner has an applicable reduction factor, all bets made between
the time of withdrawal and reinstatement will be void. The
reduction factor applied during this period will be reversed
and the original prices will become valid.
How the Reductions are applied
• In the Win market, reductions will be made on the
whole odds.
• For example: if the non-runner's final reduction factor
is 25% the odds on all previously matched bets on other horses
will be reduced by 25% - odds of 8.0 would become 6.0 etc.
And these might be further reduced if another horse is subsequently
declared a non-runner.
• In a Place market, reductions will be made to the
win portion of the odds only, and not the stake.
• For example: if the non-runner's final reduction factor
is 25% the win portion of the odds on all previously matched
bets on the other horses will be reduced by 25% - odds of
8.0 would become 6.25. (8.0 is equivalent to 7-to-1 in traditional
odds and the reduction is applied to the 7 only).
• Odds may be further reduced if another horse is subsequently
declared a non-runner, however odds cannot be reduced below
1.01
US Racing
• Bets are placed on a named selection to win the race
or to finish in any of the positions laid out in the market
terms.
• Card numbers are posted as a guide only: bets are
placed on a named horse.
• Horses will not be coupled.
Place Terms - US Markets
• The number of winners in 'to be placed' markets is
determined by the number of runners in the morning line declaration
(less any known non-runners), according to the following scale:
? 5 - 7 runners 1st and 2nd
? 8 - 15 runners 1st, 2nd and 3rd
• Once opened, the number of winners in "to be
placed" markets will not be affected by further non-runners.
If the situation occurs where the number of winners is equals
to or is greater than the number of runners, all bets in this
market will be void.
Australian and Hong Kong Racing
• The number of winners in 'to be placed' markets is
determined by the number of runners at the time the market
is loaded, according to the following scale:
? 5 - 7 runners 1st and 2nd
? 8 - 15 runners 1st, 2nd and 3rd
? 16+ runners (non-handicap OR handicap 1st 2nd and 3rd
• Any horse named in the final field but later deemed
to be scratched by the stewards is treated as a non-runner.
General
• Where an event occurs not covered by these rules Betfair
reserves the right to correct any obvious errors and to take
any necessary steps to protect the interests of all Betfair
clients.
• Additional and differing rules will be outlined in
the Market Text.
Trotting
Winner market
• The winner is based on the official results list.
In case of a dead-heat, Betfair dead-heat rules apply. Bets
on non-runners are void.
Head-to-Head
• The winner is determined based on the official results
list, but both horses have to start for the bets to stand.
• For placed (prize winning) horses, in the case of
a dead-heat, the bets are void.
• If both horses are disqualified, retired or distanced
the bets are void.
Norway Specific:
• For unplaced horses with the same race time, the bets
will be considered void. In races where there are no official
race times for unplaced horses, the bets will be considered
void.
Sweden Specific:
• For unplaced horses, the order the horses are listed
in the official results list will determine the winner of
the duel.
Hurling
• All match bets apply to the appropriate regular-time
inclusive of any injury-time played unless otherwise stated.
• If any match is abandoned before the appropriate regular-time
is played, or is postponed and not replayed within three days,
all bets will be void, unless a bet has been unconditionally
determined.
In-play markets
• The 'outright winner market' will remain open throughout
a tournament and at no point will unmatched bets be cancelled,
unless otherwise stated.
• All unmatched bets on an individual match will be
cancelled at the start of play, unless otherwise stated. Bets
placed when the market has been turned in-play are done so
on a 'buyer beware' basis and, as such, will not be cancelled
by Betfair at any point during the match.
Ice Hockey
• All "Regular Time Match Odds" and 'Regular
Time Goals' bets will be settled on the official score at
the end of regular time, excluding overtime.
• 'Puck Line' markets offered on NHL matches applying
a relevant handicap will be settled on the final score including
any overtime that may be played.
• If a match is abandoned or postponed by more than
three days, all bets will be void, except for those markets
which have been unconditionally determined.
International Rules:
General
• All match bets apply to the appropriate regular-time
inclusive of any injury-time played unless otherwise stated.
• If any match is abandoned before the appropriate regular-time
is played, or is postponed and not replayed within three days,
all bets will be void, unless a bet has been unconditionally
determined.
In-Play markets
• The 'outright winner market' will remain open throughout
the tournament and at no point will unmatched bets be cancelled,
unless otherwise stated.
• All unmatched bets on an individual match will be
cancelled at the start of play, unless otherwise stated. Bets
placed when the market has been turned In-Play are done so
on a 'buyer beware' basis and, as such, will not be cancelled
by Betfair at any point during the match.
Motor Sport
• Podium positions will count as official results, regardless
of any subsequent disqualifications.
• If a race is abandoned and no official result is declared
all bets on that race will be void.
• If a driver fails to appear on the grid prior to the
start of the warm-up lap, all bets on that driver will be
void.
• On 'head-to-head' bets the driver who finishes first,
or completes the most number of laps is deemed to be the winner.
• For 'constructors' championship' and 'drivers' championship'
bets, the winner will be determined by the number of points
accumulated immediately following the final race of the season
and will not be affected by any subsequent enquiries.
• With 'Number of Finishers' markets, all drivers who
achieve an FIA classified result will count towards settlement
regardless of whether they finished the race or not.
• For 'Will They Finish' markets, bets will be void
on any driver who receives an FIA race classification but
did not complete the race.
In-play markets
• All unmatched bets will be cancelled prior to the
start of the warm-up lap. During the race retirees will be
removed as and when they are confirmed. However, unmatched
bets will not be cancelled at any point during the race.
Speedway
• For bets to stand all 15 heats of a meeting must be
completed except where one team has already claimed an unassailable
lead when taking the handicaps into account.
Pool
General
• If a player fails to start a tournament or match,
all bets on that player or individual will be void.
• In the event of a match starting but not being completed,
the player progressing to the next round will be deemed the
winner.
In-Play Markets
• The 'Outright Winner' market will remain open throughout
the duration of the tournament and at no point other than
the start of the Tournament and the start of the Final will
unmatched bets be cancelled.
• All unmatched bets placed on an individual match will
be cancelled before the start of the match. Bets placed when
the market has been turned in-play are done so on a 'buyer
beware' basis and, as such, will not be cancelled by Betfair
at any point during the match.
Rowing
• All bets will stand, irrespective of whether a crew,
or individual, competes or not.
• If a regatta is cancelled for any reason, all bets
will be void, except those markets which have been unconditionally
determined.
• Podium positions will count as official results, regardless
of any subsequent disqualifications. If there is no podium
ceremony, results will be determined in accordance with the
officially-published result.
Rugby Union and Rugby League
• All bets apply to the full 80 minutes of play, plus
injury time - any extra-time is not included, unless otherwise
stated.
• If any match is abandoned before 80 minutes are played,
or postponed by more than three days, all bets will be void,
except for those markets which have been unconditionally determined.
• 'Tournament points' and 'tournament tries' bets will
apply to all playing time, including any extra-time.
• For 'time of first try' bets, if the try is scored
in the second half, the first half is deemed to have lasted
40 minutes, regardless of injury time. If no try is scored,
or the try is scored in extra-time, the result is 80.
• For the purpose of markets involving tries, penalty
tries will count.
In-play markets
• The 'outright winner market' will remain open throughout
a tournament and at no point prior to the start of the final
will unmatched bets be cancelled, unless otherwise stated.
• All unmatched bets on an individual match will be
cancelled at the start of play, unless otherwise stated. Bets
placed when the market has been turned in-play are done so
on a 'buyer beware' basis and, as such, will not be cancelled
by Betfair at any point during the match.
Snooker
• If a player fails to start a tournament or match,
all bets on that player, or individual match, will be void.
• In the event of a match starting but not being completed,
the player progressing to the next round will be deemed the
winner.
In-play markets
• The 'outright winner' market will remain open throughout
a tournament and at no point prior to the start of the final
will unmatched bets be cancelled, unless otherwise stated.
• All unmatched bets on an individual match will be
cancelled at the start of play, unless otherwise stated. Bets
placed when the market has been turned in-play are done so
on a 'buyer beware' basis and, as such, will not be cancelled
by Betfair at any point during the match.
Soccer
• Unless otherwise stated, all bets apply to the full
90 minutes of play, plus injury time. Any extra-time or penalty
shoot-outs are not included.
• If a match is abandoned before 90 minutes are played
or postponed by more than three days, all bets will be void,
except for those on markets which have been unconditionally
determined.
• Where a venue is changed, bets will be void if the
new venue is the original away team's home ground.
• 'Shirt numbers' bets will include own-goal scorers.
Any player whose shirt bears no number will be allocated the
number 12.
• For 'time of first goal' bets, if the goal is scored
in the second half, the first half is deemed to have lasted
45 minutes, regardless of injury time. If no goal is scored,
or the goal is scored in extra-time, the result is 90.
• In the event of any uncertainty about any result,
the determination of the relevant football authority, Carling
Opta or the Press Association will be used.
• In the event of a confirmed site outage by Betfair
Technical staff, all in play matches will have unmatched bets
cancelled.
• Betfair reserve the right to void bets on any market
that appears incorrectly on the site.
In-play markets
• Unless otherwise stated, all bets apply to the full
90 minutes of play, plus injury time. Any extra-time or penalty
shoot-outs are not included.
• In-play markets will be suspended if it appears that
a goal has been scored, a penalty may be given, or a red card
may be shown. Unmatched bets will be cancelled in the event
of a confirmed goal or sending off.
Special Bets
• Betfair will make no attempt to administrate Special
Bets markets, or offer any protection, unless otherwise specifically
indicated in the market rules. By their nature these markets
are unpredictable, and Betfair cannot offer any guarantee
to protect users' positions, so these markets should be treated
with extreme caution. All users are responsible for managing
their own positions at all times. Users should also be aware
that transmission described as live by some broadcasters may
actually be delayed or pre-recorded, and it is possible that
results may be known at a time before their official publication.
Tennis
• If a player retires during a match before its completion,
the player progressing to the next round will be deemed the
winner. However if less than one set has been played all bets
will be void unless a result has been unconditionally determined.
This includes "Match Odds" and "Double/Treble"
markets.
• If a player fails to start a tournament or match,
all bets on that player or individual match will be void.
• 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.
In-play markets
• The 'outright winner' market will remain open throughout
the tournament and at no point prior to the start of the final
will unmatched bets be cancelled.
• All unmatched bets on an individual match will be
cancelled at the start of play, unless otherwise stated. Bets
placed when the market has been turned in-play are done so
on a 'buyer beware' basis and, as such, will not be cancelled
by Betfair at any point during the match.
• Where markets are offered on individual games within
a match, a retirement during a game will render that game
market and all subsequent individual game markets void unless
a result has already been unconditionally determined.
Winter Sports
General
• Podium positions will count as official results, regardless
of any subsequent disqualifications. If there is no podium
ceremony, outcomes will be determined in accordance with the
official FIS / IBU result.
• If an event is postponed or cancelled all bets will
be void unless the event is completed within 7 days or a result
is unconditionally determined by FIS / IBU
• If a competitor fails to start an event all bets on
that competitor will be void.
• Dead heat rules apply
Head to Heads
• The competitor or team progressing furthest in the
event will be deemed the winner.
• The market will be void if either skier fails to qualify
and start an event. Bets will also be void if both skiers
fail to finish an event or fail to obtain an official FIS
/ IBU position.
• Nordic Combined: both skiers must start both sections
of the event (ski jumping and cross country) or bets will
be void.
• Ski Jumping: one valid jump is enough for a competitor
to achieve a result for the event, qualification included.
In play markets
• The 'outright winner' markets will remain open throughout
the season and at no point will unmatched bets be cancelled,
unless otherwise stated.
• All unmatched bets will be cancelled at the start
of the event. Bets placed when the market has been turned
in-play are done so on a 'buyer beware' basis and, as such,
will not be cancelled by Betfair at any point during the event.
Dead Heat Rule
• The Dead Heat Rule applies to bets on an event when
there are more winners than expected, or the result is a draw
or tie and there is no such market offered.
• For each matched bet on a winning selection, the stake
money is first reduced in proportion to the number of winners
expected divided by the number of actual winners. The winnings
are then paid to the successful backers on this 'reduced stake'
(reduced stake x odds) and the remaining stake money is paid
to the appropriate layers.
• For example, assume there is a dead heat for first
place between three horses. 'Client A' has backed one of the
winners for 300 at digital odds of 4.0 and 'Client B' has
taken the other side of this bet. When the event is settled,
the stake (300) is divided by the number of winners (3) to
calculate the reduced stake (100) and the remainder given
to the layer (200). The backer then receives the odds matched
(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), and Client B net losses are
100.
• Alternatively, this can be viewed as the full amount
paid to the digital odds divided by the number of dead-heaters.
In the above example this would be 300 paid to 4.0/3 making
400 payout and 100 net winnings.
• When the Dead Heat Rule is applied, determining whether
a particular bet is a net winner or a net loser depends on
the number of winners involved in the dead heat and the odds
at which the bet was matched.
General
• All information supplied by Betfair is done so in
good faith. However, Betfair cannot accept liability for any
errors or omissions in respect of the posting of prices, runners,
times, results or general statistics despite every effort
to ensure total accuracy.
• Betfair reserves the right to correct any obvious
errors and to take any necessary steps to protect the interests
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