Live Betting Terms

Betting Terms & Rules

Part X - Introduction

1. Use and interpretation

The CRIC Markets Rules and Regulations ("Exchange Rules") are part of CricMarket's terms and conditions. Outlined Rules apply to all bets placed on CricMarkets Exchange, Sportsbook, AND financial markets.  The Outlined Rules consist of the following: 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 e-sports such as e-soccer, e-volleyball etc.), the General Rules and Market Information will apply. Please note that there may be separate Rules and Regulations for each of our Exchange and Sportsbook products. The rules governing how markets are offered, managed and/or settled are governed may vary for every market on each product. In certain circumstances, a bet that is settled as a winner on one product may be settled as a loser on the other product (and vice versa). Additionally, different settlement rules may apply so that, for example, bets that are a winner on one product may be voided on the other product. If there are no set rules for specific sports or events means general rules are applied and may be executed on sole consensus of CricMarkets. Customers must ensure that they familiarise themselves with the relevant rules that apply to the bets that they place on CricMarkets products.

2. Market Information

The Market Information is provided for information purposes as an at-a-glance guide on how CricMarkets 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 (if any) and a link to this Rules and Regulations page will usually 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, CricMarkets 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 CricMarkets customers. CricMarkets 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. User Responsibility

CricMarkets Users should make themselves aware of all of the Exchange, sportsbook and allied market Rules affecting any market on which they wish to place a bet. Users should not simply rely on the Market Information as the Market Information is unlikely to contain all of the applicable rules relating to a market. By their nature ‘Special Bets’ markets are unpredictable so should be treated with particular caution. Users are responsible for managing their own positions at all times in such markets.Users should pay particular attention to the Market Information on ‘Special Bets’ markets to ensure they understand the basis on which the market will be administered and settled.

4. Users Betting Disputes

Any CricMarkets user who has any concerns or questions regarding the Exchange/sportsbok/allied market Rules or regarding the settlement of any CricMarkets market should contact Betfair HERE . If a user is not satisfied with how a bet or a market has been settled then the customer should refer to our dispute resolution policy When a User has exhausted the internal CricMarkets betting dispute process without a satisfactory outcome, they may submit their betting dispute to Gaming authority, the Independent Betting Adjudication Service, or to such other independent betting adjudication service that CricMarkets may recognise from time to time.

Part Y - General rules

Managing markets In-Play

  1. General
The voiding of any such bets may take place during the event or retrospectively once a game is completed. Where a video assistant referee ruling results in the award of a Red Card or Penalty, such Material Event will be deemed to have occurred at the time at which the video assistant referee commences a review relating to such (ultimately awarded) Material Event. In such circumstances, bets matched prior to the time at which the video assistant referee commences a review will not be voided. For the avoidance of doubt, if the referee decides to award a goal, retrospectively due to VAR, bets matched between the time of the goal being scored and the time at which the video assistant referee review is concluded will be voided. Definition of “Material Event” For the purpose of these Rules, a "Material Event" shall mean a goal being scored, a penalty being awarded or a player being sent off.  

Results and market settlement

General

  1. Markets will be settled as set out in the Market Information and/or the Specific Sports Rules.
  2. Where the Market Information or Specific Sports Rules 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).
  3. If no official result of a relevant governing body is available, the result will be determined by CricMarkets (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 CricMarkets 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 CricMarkets 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 CricMarkets (regardless of whether or not such information may have led to a different result).
  4. In the event of any uncertainty about any result or potential result, CricMarkets reserves the right to suspend settlement of any market for an unlimited period until the uncertainty can be resolved to the reasonable satisfaction of CricMarkets . CricMarkets reserves the right to void any market if the uncertainty regarding settlement cannot be resolved to CricMarkets 's reasonable satisfaction.
 

Resettlements

 

Withdrawals and disqualifications

Abandonments, Cancellations, Postponements

  1. Some markets have different rules and these are listed in the Specific 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.
  2. 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.
  3. 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 CricMarkets customers, then such part-settled bets will be reversed and all bets on the market will be void.
  4. CricMarkets  will decide (acting reasonably) 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.
 

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 CricMarkets , 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 CricMarkets , all bets will stand. If there is a change in the type of scheduled surface  after the market has been loaded, all bets will stand.

Match bets

 

"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 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.
 

Dead heats

Even though you may find dead heat rules apply in some of the events options, CricMarkets has discontinued such markets. All bets will be treated as normal bet. Exchange bets which are unmatched at the 'off'.If tickets are unmatched, it will be cancelled immediately and user can place a new bet.

Rules for Cash Out

Cash Out

  1. Cash Out is a feature which is offered on various betting markets on the CricMarkets Exchange. Right now CricMarkets offer cash out only in back betting and sportsbook single bet. Cash Out allows you to amend your original bet(s) on that market and lock in a profit or a loss by settling your bet(s) (or a portion of it/them) early, without having to wait for the event to finish.
  2. If you make a Cash Out request, you will be notified whether or not your request has been successful. Your request to Cash Out is not guaranteed to be accepted and may be unsuccessful if, for example, the market suspends or the odds move before your request has been processed.
  3. If your Cash Out request is successful, a ‘success’ message will be shown and your bet(s) (or the relevant portion of your bet(s)) will be settled at the time on which all other bets on the same market are settled (at which time any winnings will be returned to your account equal to the amount shown on the Cash Out button - note that this includes the original stake or portion of your stake). For a full Cash Out, any subsequent events will have no impact on the amount returned to your account. As of now CricMarkets  doesn't offer partial cashout.
  4. If your Cash Out request is unsuccessful, a message will be shown which gives the reason why and a new Cash Out offer may be offered to you.
  5. Cash Out requests made in-play may take longer to process because of the in-play bet delay.
  6. Cash Out is available in almost all markets but CricMarkets  has the rights to discontinue any of such facility at their own comfort.
  7. Cash Out on the CricMarkets Exchange applies on a “per-market” rather than a “per-bet” basis. Accordingly, if you have placed two separate bets on the same outcome, you may cash out of both bets or neither bet (i.e. you will not be able to cash out of one of the bets only).
  8. Using Cash Out may mean you will opt out of and no longer be eligible for a particular promotion. See the terms and conditions of the promotion for further details.
  9. CricMarkets reserves the right to reverse the settlement of a Cash Out if the bet or a market is settled in error (for example, due to a human or technical error). If CricMarkets resettles a bet, this may lead to amendments being made to a customer's balance to reflect changes in bet settlement.
  10. CricMarkets offer 80% margin on the cashout winning amount. For eg. at any given time if your actual winning amount is 100, you will be able to cashout 80.

Miscellaneous

All references to time periods in the Rules relate to the time zone in which the event takes place. For example, a reference to the start time of a football match, relates to the local kick-off time. All information supplied by CricMarkets is done so in good faith. However, CricMarkets 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. CricMarkets reserves the right to correct any obvious errors and shall take all reasonable steps to ensure markets are administered with integrity and transparency. If an incorrect team or competitor name is displayed (excluding minor spelling mistakes) or the incorrect number of teams, competitors or outcomes is displayed in any complete market or a market is otherwise loaded using incorrect information (for example the application of an incorrect exposure algorithm or a cross matching tool utilising an incorrect algorithm) or includes any obvious error such as the incorrect deployment of the cross matching tool, then CricMarkets reserves the right to suspend the market and (providing it acts reasonably) to void all bets matched on the market. 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 CricMarkets has loaded into the relevant market and to ensure that they are placing their bet on their chosen competitor. CricMarkets reserves the right at any time in its sole and absolute discretion to suspend an Exchange market without suspending any corresponding or related Sportsbook or Fixed Odds market, or to suspend or stop offering a Sportsbook or Fixed Odds market without suspending any corresponding or related Exchange market. CricMarkets may, in its sole and absolute discretion, decide to suspend betting on a market at any time (even if such suspension is earlier than anticipated by the Exchange Rules). In the interests of maintaining integrity and fairness in the markets, CricMarkets may also void certain bets in a market or void a whole market in its entirety. Please be aware that if you place related or corresponding bets on a combination of CricMarkets’s Exchange, Sportsbook, Fixed Odds and/or Multiples products (and/ or the betting products of other third parties), it is possible for bets on one product to be voided in accordance with CricMarkets’s terms and conditions, while bets on another product may stand. You should note that CricMarkets will have no liability to you in the event that one or more of your bets on CricMarkets’s products are amended or voided in accordance with CricMarkets’s terms and conditions, even if your other related bets stand (and even if you have specifically relied on bets you have placed on one product in order to place related bets on another product). CricMarkets reserves the right to amend the Exchange Rules at any time. Any such revision will be binding and effective immediately on the posting of such rule changes on CricMarkets.com and any markets loaded after the new Exchange Rules have been posted shall be governed by the new Exchange Specific. CricMarkets reserves the right to cancel unmatched bets to protect customers at any time. On the settlement of any market, amounts relating to winnings/losses on bets; and commission charges will be rounded up or down to the nearest two decimal places (with the exception that rounding will always be down (and never up) in respect of amounts relating to winnings/losses in respect of other bets). By way of example, $1.111, will be settled as $1.11, whereas $2.225, will be settled as $2.23. The rules may be viewed with language translator other than English for reference only. In the event of any differences between the English version and the non-English version, the English version shall prevail.  

Part Z - Specific rules

In the event that user is able to place bet on incorrect odds due to technical or human made or feed or bookies input price errors, such bet will be marked as void and stake amount will be refunded back to the customer's account. CricMarkets stands by fairplay and will never allow to match bet on wrong odds wherein one party losses and another party wins. This rules applies to both prematch, inplay on all exchange and sportsbook and allied markets. Wrong odds is defined as the odds that's widely different from the bookie offered price in the market at particular given time (at the time of bet execution). The primary parameters that will be followed according to standard odds as offered by top betting bookmakers. Even in the circumstances wherein bets have been settled but the bet was placed on inappropriate odd, CricMarkets has absolute rights to reverse the settlement and deduct the winning amount from user's account. In such circumstances, the bet will stand as cancelled. However, if, at the time of reversal user has insufficient balance, the account will turn in to negative and user will be able to bet only when they put money in to their account in equivalent to the credit amount or more.
Last updated 03/04/2020 3.41 PM UTC