Last updated: 12/11/2024
Term | Change |
---|---|
4.4 | Added for clarity “In addition to match-related errors (such as fraud or result changes), please refer to the General Terms and Conditions for how system errors or technical issues will be handled, which may result in the voiding or re-settling of bets” |
7 | Added new NFL-specific rules in clause 7, below, detailing settlement based on final game results including overtime, minimum time requirements for bets to stand, and rules for handling ties. |
Various | Clarified in the event of any conflict between these Betting Rules and the General Terms and Conditions and other terms, which terms will take priority. |
Please review the full content for complete details. If you have any questions, feel free to contact our customer service team.
These Betting Rules set out the rules for the pool betting services offered by SportsBroker. Terms not defined below are as defined in the SportsBroker Terms available here. If you have any questions on how to place a Bet, on our commissions or applicable odds, cancelled or delayed Bets, please get support from a customer service agent before you place a Bet. A Bet once placed cannot be cancelled or voided except in accordance with these Betting Rules or the SportsBroker Terms. Where there is a conflict between the Terms and the Betting Rules, (including any sport-specific rules, such as those for NFL Matches) the Betting Rules apply. Bonus funds have their own specific terms and conditions with wagering requirements. Please refer to the specific terms for any bonus offer you are considering.**
1.1 Our platform exclusively offers “Pool Betting”, meaning that all Bets on a particular match offered by SportsBroker on its platform (“Match”) are pooled together and the total pool (“Pool”) is distributed among winners after deducting our Commission (as defined in clause 2). Odds are fixed only at the point the Match starts, not at the time of placing your Bet. The odds/price you see at the time you place the Bet are indicative only and will change as more Players place their Bets and the Pool size grows.
1.2 The payout will be based on the relative percentage of your “Winning Bet” (a Bet with a result you predicted correctly) in proportion to the “Win Pool”, as per this example:
Betters who make up the Pool: A + B + C |
Respective Bet amounts placed: £10 + £5 + £12 |
Pool is £27 |
SportsBroker Commission is (say in this example) £2 (See Clause 2 for how we calculate our Commission) |
Win Pool (Pool less Commission) is £25 |
Of the Win Pool, A and B placed Winning Bets so they receive: |
A wins 10/15 x 25 which is £16.66 (that is, two thirds of the Win Pool, rounded down) |
B wins 5/15 x 25 which is £8.33 (that is one third of the Win Pool, rounded down) |
2.1 A commission will be deducted from the Pool before calculating payouts (“Commission”). This Commission helps us maintain and operate the betting platform and to pay for the customer services, responsible gambling, compliance, legal, financial, technical and other services we need to properly maintain our Gambling Commission licence. We do not retain any of the Win Pool which is distributed entirely to winners of the Pool.
2.2 We offer a system of “Dynamic Commissions” on our platform as set out in this clause:
Dynamic Commissions:
2.2.1 The Commission applied to Bets will be dynamically adjusted based on the percentage of total Bets on each outcome. This mechanism ensures positive odds and maintains a balanced betting environment. Our Commission will therefore be based on a sliding scale of 20% to 0%, whereby the higher the percentage of Bets placed on an outcome, the lower our Commission.
2.2.2 There is no maximum limit on the value of the Bet you can place. However, due to the nature of Pool Betting, please be aware that placing a significantly large Bet (say, for example above £100 GBP) can impact the overall Pool size. This may result in a lower payout ratio or odds than initially anticipated when the Match begins. Always bet responsibly and consider how your Bet might influence the Pool dynamics.
3.1 In order to place a Bet, you must select a Match, select which team you forecast will win or draw that Match (or other permitted outcome) and wager a minimum stake of £1 to place a Bet.
3.2 Unless notified otherwise in specific betting rules for a particular sport or Match, Bets are based on the “ordinary passage of play” which includes injury time, but excludes extra time, penalties or similar. For specific sports or events, please refer to the relevant section or Betting Rules for that sport/event.
3.3 A Bet once placed cannot be cancelled except as set out under our Terms or these Betting Rules.
3.4 Subject to clause 4, upon completion of the respective Match, each Player that made a correct prediction will be deemed to have placed a Winning Bet and will receive a return, which is a share of the Win Pool in proportion to their Bet value, rounded down to the nearest £0.01.
3.5 If no Player correctly forecasts the outcome they selected, we will distribute the Pool in proportion to each Player´s Bet value, rounded down to the nearest £0.01, less a 10% Commission which we may choose to waive at our discretion.
4.1 Subject to clause 4.2, below, once we have received the results from a Match, we shall be permitted to settle any Bets. All Bets are normally settled immediately after the “ordinary passage of time”. If the result or outcome of a Match is subsequently overturned after the corresponding Bets have been settled, due to any error, fraud or illegality connected with the Match (whether due to your actions or that of a person connected to you or the Match or other third party), we reserve the right to void or cancel your Bet. This takes precedence over the General Terms and Conditions related to errors in settlement. Customers have the right to dispute the decision through our dispute resolution process outlined in the General Terms and Conditions.
4.2 In the case a Match result or outcome changes in accordance with clause 4.1, SportsBroker will make all reasonable efforts to recover the settlements paid out in error or otherwise due to fraudulent or illegal activity. However, you understand and agree that due to the nature of Pool Betting, SportsBroker does not retain any of the Win Pool and our liability to you is strictly limited to the extent we are able to recover any moneys from settlements already made, prorated to your stake and that of other participants placing Winning Bets in the same Win Pool.
4.3 Nothing in these Betting Rules will be deemed to be a waiver of any SportsBroker, fraud, AML or privacy policy which applies.
4.4 In addition to match-related errors (such as fraud or result changes), please refer to the General Terms and Conditions for how system errors or technical issues will be handled, which may result in the voiding or re-settling of Bets.
5.1 If a Match is delayed or interrupted for less than 48 hours from the official start time, your Bet will remain valid as we will wait for play to resume. After 48 hours or if a Match is abandoned, we will void your Bet and your stake shall be returned to you, irrespective of whether the Match (re)starts after we have voided your Bet. We have no obligation to hold a Bet open indefinitely or conversely to void or cancel the Bet due to delay except in accordance with this clause. Customers have the right to raise disputes regarding any voided bet in line with our dispute resolution process. This rule takes precedence over the General Terms and Conditions relating to delayed or canceled events.
6.1 We reserve the right to i) void a Pool in its entirety or ii) void or cancel a Bet or betting on a Match and return all individual Bets:
6.1.1 if we believe any Bet in such a Pool has been placed in contravention of these Betting Rules or Terms or in violation of criminal law or as a result of fraud; and/or otherwise
6.1.2 when we are unable to offer betting or payment services for any reason or if we, at our discretion, otherwise deem it fair to do so.
6.1.3 where it is necessary to protect the integrity of the betting process (e.g., in cases of fraud, significant error, or illegal activity).
6.2 In the event of any conflict between these Betting Rules and the General Terms and Conditions, these Betting Rules (including any sport-specific rules, such as those for NFL betting) will take priority where explicitly stated. If not explicitly stated, the General Terms and Conditions will take precedence.
7.1 NFL Rules (American Football Rules)
7.1.1 General Rules
7.1.1.1 Bets on the outcome of a Match played within the National Football League (“NFL Bets”) will be settled based on the result at the end of the full Match, including overtime (if applicable). Bets placed on the outcome of an NFL Match will be determined by the final result after overtime has been completed.
7.1.1.2 The valid outcomes for NFL Bets are limited to:
Home Team Win
Away Team Win
7.1.1.3 At least ten minutes of official time must elapse in the fourth quarter for NFL Bets to stand. If less than ten minutes have elapsed, all Bets will be voided unless otherwise stated. This rule is takes precedence over the General Terms and Conditions relating to delayed or cancelled events or any other term in these Betting Rules.
7.1.1.4 All settlements for NFL Bets will be based on official results and statistics provided by the league’s governing body, such as www.nfl.com
7.1.1.5 All other standard Betting Rules will apply to NFL Bets, including the General Terms and Conditions, except where these are in conflict with the NFL specific betting rules. In the event of any conflict between the general betting rules and sport-specific rules, the sport-specific rules will take priority. Customers are advised to consult the full set of betting rules and terms before placing a bet. In particular, customers should review any sport-specific rules relevant to the event on which they wish to place a bet.
7.1.2 Tie Result and Refund Policy
7.1.2.1 Please note that ties are rare in NFL Matches. However, if an NFL Match ends in a tie after both full-time and overtime, all Bets will be voided and the original stake will be refunded to the customer's Account. This provision takes precedence over the General Terms and Conditions regarding voiding or cancellation of bets.
This service is operated by Sport Brokers (UK) Limited a legally established company in the United Kingdom, bearing registration number12327268, and its registered address is 66 Bootham, York, England, YO30 7BZ.
Sport Brokers (UK) Limited is licensed and regulated by the British Gambling Commission (Account Number 62840).
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