Betting Rules

1. General

1. These are the Betting Rules of Picklebet (“Picklebet”). Picklebet is owned and operated by Puntaa Pty Ltd (“Puntaa”). Puntaa is licensed as a Sports Bookmaker in the Northern Territory (NT), Australia by the Northern Territory Racing Commission (NTRC).
2. These Betting Rules shall be read in conjunction with the Terms and Conditions, which apply to your use of the Picklebet Service provided in whatever form, on this Application (the “Application”) or this Website (the “Website”) (as the case may be) and through whatever delivery mechanism offered.
3. These Betting Rules come into force immediately upon acceptance by you, indicating that you agree with and accept to be bound by its terms. You are advised to read these rules carefully. Your continued use of the Application and/or Website means that you accept these rules, which form a binding legal agreement between you and Picklebet. If you do not agree to be bound by them, you should exit the Application and/or the Website immediately.

2. Definitions

For the purpose of the Service, the following definitions apply:

Account means a single account created by a User.

Accepted means a Bet placed and confirmed by a User and approved by Us.

All In Run Or Not means an ante post Bet, which requires the User’s Selection to participate in the Event. If the Selection does not participate the User’s Stake will not be refunded.

Alternative Stake means an adjusted Stake amount offered to a User on a Rejected Bet.

Bet means a User Staking an amount of money against Us on the basis of the Outcome of one or more Selections.

Bettor means a User who has placed a Bet.

Bet Slip means the ticket where all your bet's information – including Markets, Odds and Stakes are displayed. Here you can also see your estimated Payout and check the details of your Bets before actually placing them.

Cancelled means an Accepted Bet which is cancelled by Us for a range of reasons, including but not limited to a cancelled, abandoned or postponed Event, obvious pricing error, and technical issues. A Cancelled Bet will result in the Stake refunded to the User.

CS:GO means Counter-Strike: Global Offensive.

Dead Heat means a result in which two or more Players and/or Teams finish on an identical result.

Dota2 means Defence of the Ancients 2.

Draw means where two or more Teams or Players finish on the same number of points / result at the end of regulation time.

Entry ID means the unique identifying number for a Bet ticket submitted by a User.

Esport means professional competition held in relation to a esport, including, but not limited to the following sports; LoL, DOTA2 and CS:GO.

Event means a Match or Esports tournament, run by a recognised professional League.

League means an organisation that governs and runs Events in relation to Esports.

Live means the status of Bet in which the first Match related to the first Selection has commenced.

LoL means League of Legends.

Lost means a Settled Bet which results in at least one Selection comprising the Bet losing, and the Stake transferred from the User to Us.

Market means all the available Outcomes on which a User can make a Selection from for each available Event.

Match means a type of Event in which two or more Teams and / or Players, compete against each other over one or multiple Rounds.

Multi means a Bet with two or more Selections.

Odds means the pricing on an Outcome which determines the potential Payout for a Bet. Multiply the Stake by the Odds (combined Odds in the case of a Multi) to calculate the potential Payout.

Outcome means one of the possible outcomes available on a Market that a Bettor may Select to build a Bet. For example, on a win market, the outcomes available to Select are limited a win outcome on each Team.

Outright markets means a Bet placed on the outcome of an entire Tournament or League season.

Payout means the Stake combined with the Winnings, that a User will receive from a Won Bet.

Player means a professional player competing in a Team in an Event.

Pre-match means the time period prior to the commencement of a Match.

Rejected means a Bet placed and confirmed by a User and declined by Us. The Bet may be rejected for a range of reasons including, but not limited to insufficient funds, insufficient Stake, exceeding a single or daily bet limit, exceeding a maximum Payout limit, an Odds change, a suspended or non-active market, Related Contingency, and system timeout.

Related Contingency means a Multi Bet where the result of one Selection can contribute to the outcome of another Selection.

Round means an individual game Teams play against each other as a subset of a Match.

Single means an Accepted Bet with one Selection.

Stake means the amount placed and risked by a User on a Bet.

Settled means that all of the Events related to Selections in a Bet has been completed and officially resulted by Picklebet, A Settled Bet may be Won, Lost or Voided.

Selection means the Outcome picked by a User from an available Market.

Status means the state of a Bet (Accepted, Rejected, Cancelled, Void, Won, Lost).

Team means a professional organisation of Players competing in an Event.

Time Left means the time remaining before a Market goes Live,  displayed in a countdown timer format.

Payout means the combination of the Stake and Winnings paid to User of a Won Bet. This number may be adjusted when Selections in a Won Bet are Voided.

Undecided means a Selection in an Accepted Bet, which has yet to Won, Lost, Cancelled, or Voided.

User means the individual with a registered Account, using the Service.

Void means a Selection which cannot be resulted as either a win or loss. For example, the Event related to the Selection is resulted as Cancelled, Abandoned or Postponed.

Voided means a Settled Bet in which all Selections are resulted as Void.

Won means a Settled Bet which results in all the Selections comprising the Bet resulting in either a win or Voided status, and a resulting Payout to the User.

Winnings means amount of profit amount transferred from Us to the User of a Won Bet. It does not includes the Stake returned to the User as part of the Payout.

3. Placing a Bet

1. You must have an Account in order to place a Bet. In the event you do not have an existing Account you will be required to register and create an Account.
2. You can view and make Selections from a list of Outcomes on Pre-match Markets.
3. You may create and place one or more Single Bets, or a Multi Bet from a single Bet Slip transaction.
4. We reserve the right to change the Odds on offer for an Outcome at any time prior to the start time of the Event.
5. We may Accept or Reject each individual Bet placed, independent of each other Bet submitted.
6. A Bet will be considered Accepted, when You receive a ‘Bet Accepted’ confirmation message from Us, including the unique Entry ID.
7. We reserve the right to Reject your Bet for any reason, without justification or compensation.
8. In the event we Reject your Bet, we may offer you an Alternative Stake.
9. Once your Bet is Accepted, You cannot Cancel it and redeem your Stake.

4. Betting Deadlines

1. Pre-match Selections can be Accepted up to the start time indicated on the Market, which may not correspond to the start time of the Event.
2. If a Selection, for whatever reason, is Accepted, after the start of an Event, including owing to content timing errors or revised start times, We reserve the right to Void that Selection.
3. We reserve the right to suspend or close Markets before their scheduled start time.
4. You cannot make Selections from suspended, closed or non-active Markets.
5. If You have been paid Winnings in error due to clause 4.2, You agree that We will Void the relevant Selection and notify You about the Winnings paid in error. When the relevant Selection is Voided, and the rollback results in your Available balance adjusting to a negative amount (due to User re-staking or withdrawing Winnings paid in error), the amount required to return the Available balance to zero dollars, is immediately due and payable.

5. Market Listing

1. The designated home Team appears on the left hand side and the designated away Team appears on the right hand side of an Event, unless otherwise stated.
2. In the event of a Match taking place at a neutral venue or where no home team is declared, the Team listed on the left hand side is the designated home Team for betting purposes and the Team listed on the right hand side is the designated away Team for betting purposes.
3. In the situation where the Event is played at a venue different to that officially listed, all Selections on the Event will be considered Void, unless specified otherwise.

6. Abandonments, Cancellations & Postponements

1. Any Match, Event or competition which is abandoned, cancelled or otherwise prior to the full statutory time regulated, will be considered Void. All Bets on decided outcomes will stand, any undecided outcomes will be considered Void.
2. Any Match, Event or competition which has one or more maps abandoned, cancelled or forfeited, will be considered Void.
3. Any Match, Event or competition which is cancelled or postponed more than 48 hours from its scheduled start time, will be considered Void, unless specified otherwise.

7. Outright Markets

1. Outright Markets are considered All In Run or Not and therefore will be Settled as a Loss if a User's Selection does not take part in the Event.
2. Dead Heat rules apply.
3. Unless stated otherwise, whenever the organising association deems it fit to include any necessary Rounds, Matches, or series of Matches following the end of the regular season (e.g. Playoffs / Postseason) in order to determine the classification or winners, We will take into account the result and outcomes for Bet Settlement.
4. For example, an outright Bet on a Team to win the League of Legends World Championship series refers the eventual winner of World Championship.
5. All Bets are Settled on the basis of the award ceremony or the competitions' official score sheet, without taking into consideration the results of any subsequent investigations or disqualifications.

8. Related Contingencies

1. A Related Contingency is a Multi Bet where the outcome of one Selection can contribute to the outcome of another Selection. For example, a Selection for a Team to win their League of Legends World Championships Semi Final, combined with a Selection with the same Team to win the entire Event.
2. We reserve the right to determine which Bets are a Related Contingency.
3. We may Reject Multi Bets which have Related Contingency and reserve the right to Cancel, at our discretion, Multi Bets placed on Related Contingencies.
4. In certain instances, We will make available combinations of Related Contingencies for Users to place Multi Bets on.
5. In instances where a Bet with a Related Contingency has been Accepted in error, We will Cancel the Multi Bet placed and return the Stake to the User.

9. Dead Heat Rule

1. In the event of at least two competitors being declared the winner (a Dead Heat), the number of paying places remaining after clear winners are settled is divided by the number of users sharing those places. The Odds for the Selection are then multiplied by this number.
2. For example, in a competition with 5 paying places, the top two Players are settled while four Players share third place. Since there are only three remaining paying places for these four Players, the Outcome Odds for each Player are multiplied by 0.75.

10. Push Rule (2-way Markets)

1. In the event of a two competitor Market resulting in Draw, a tie or exactly the number of quoted points and no Draw Outcome is offered for Selection, the outcome is a push.
2. In this situation the resolution is to Void the Selection, and for a Single Bet is to return the Stake to the User, and for Multi Bets, the Bet will be Settled on the outstanding Selections.

11. Head to Head & 3-way Markets

1. Unless otherwise stated:
   1. At least one competitor must finish the Event or that Selection is considered Void;
   2. If one or more competitor(s) fail to start the Selection is considered Void;
   3. If all competitors are disqualified or otherwise excluded the Selection is considered Void;
   4. If both competitors in a head to head achieve the same result and no Draw Outcome is offered then the Selection is considered Void.
   5. A Draw is determined at the end of regulation time, unless extra time is explicitly stated in the Market description.

12. Period Markets

1. Unless otherwise stated, only points scored in the respective round / period / Match will count towards Settlement of the relevant Market.

13. Multiples

1. In instances where a Multi Bet includes a non-runner or a Void selection, the Bet will be Settled on the remaining Selections.
2. Odds on the Void Selection will be set to 1.00.

14. Odd/ Even Markets

1. Unless otherwise stated, total counts of zero will be settled as Even.

15. Results and Payouts

1. All Bets will be Settled at the fixed Odds on offer when the Bet was placed and Accepted, other than for a Multi Bet with one or more Void Selections per clause 13.
2. All Bets will be Settled at the end of regulation time, unless extra time is specified in the Market description.
3. Picklebet utilises third party data suppliers, who provide official statistics and results for each Event. Picklebet hold no responsibility for any errors in results and statistics provided by these operators.
4. The Resulting of a Bet will not be changed regardless of any official statistics or scoring adjustments made by the Leagues or third party data providers at later times or dates, except in Our sole discretion.
5. To the extent that we offer 'live' statistics during gameplay, all 'live' statistics and other information provided through the Picklebet website and related information sources are unofficial. Live sports statistics and their respective components are offered for informational and/or entertainment purposes only and are not used to determine Bet results. While We and the third parties used to provide the Service use reasonable efforts to include accurate and up-to-date information, neither We nor our third party data providers warrant or make any representations of any kind with respect to the information provided through the Picklebet website and related information sources.
6. Bets will be determined, only once an Event has been officially Resulted, to ensure that the data provided is verified and correct. Bets will be resulted immediately upon receiving the official results of the final Selection, except in circumstances where technical failure, or other reasons prevent such timely resulting.
7. A Won Bet will result in a Payout to the the User.
8. Payouts will be credited to the User’s Available balance in their Wallet.
9. A Payout is non-transferable and non-assignable.
10. Where an error occurs through the provision of incorrect statistics or results from our Third Party Data Suppliers, or a mistake made by Us, we reserve the right to revise the Settlement outcome and corresponding Payout to Users, after the Settlement of the Bet.
11. Any transactions completed by a minor shall be forfeited.

16. Betting Rules

1. Each Bet will run in accordance with the Terms and Conditions and the applicable Betting Rules.
2. We may place restrictions on the number, Stake amount, or Payout, of Bets a User may submit, at our discretion.
3. All Bets You place which are Accepted by Us, are placed, Accepted and processed in the Northern Territory.
4. Where a dispute exists concerning the outcome of a Bet, Our decision is final and binding, subject to a Users recourse with the NTRC. Please see the Customer Query, Dispute and Complaint Policy.

17. Disqualification, Errors and Cancellation

1. A User’s Bet can be Cancelled at any point in time where they fail to comply with the Terms and Conditions or Betting Rules, or at Our absolute discretion.
2. We reserve the right to Cancel or alter the terms of any Bet, at Our discretion.
3. We reserve the right to Cancel a Bet where an obvious error has occurred in the entry of Odds and/or results (e.g. a mistaken inversion of Teams, Odds, results etc.) and reimburse Users their Stake.
4. You agree that We may retrospectively Void or adjust the outcome of a Settled Bet due to technical error, fraud, or a significant change in results or statistics from our Third Party Data Providers. You agree that the Payout for such a bet will be redeemable from your Wallet funds, or that we will be entitled to a repayment from You in relation to the Bet, where it has been withdrawn from Your Wallet, where an amount is outstanding due to the adjustment.
   

18. Outrights (General)

1. Outright markets are considered All In Run Or Not and therefore will be settled as a loss if the selection does not take part in the event. Dead Heat rules apply.
2. Unless stated otherwise, whenever the organizing association deems it fit to include any necessary rounds, matches, or series of matches (e.g. Play-offs, Play-outs, Postseason) following the end of the so-called Regular Season in order to determine the classification, league winners, promotion/relegation, etc., Picklebet will take into account the results and outcomes deriving from these matches for settlement purposes of bets referring to the final league classification, promotion,
   relegation, etc. For example, seasonal bets on the team winning the NHL will refer to the Stanley Cup Winners.
3. All bets are settled on the basis of the award ceremony or the competition’s official score-sheet,
   without taking into consideration the results of any subsequent investigations or disqualifications.

19. American Football

1. In case of any delay (rain, darkness…)
   all markets remain unsettled and the
   trading will be continued as soon as the
   match continues.
2. Markets do not consider overtime unless
   otherwise stated.

20. Aussie Rules

1. All markets exclude overtime unless otherwise stated
2. If a match is interrupted and continued within 48h after initial kick-off, all open bets will be settled with the final result. Otherwise all undecided bets are considered void.
3. Regular 80 Minutes: Markets are based on the result at the end of a scheduled 80 minutes play unless otherwise stated. This includes any added injury or stoppage time but does not include extra-time.
4. In the event of a draw, the 2-way winner market will be pushed as stated in rule 10.1

21. Baseball

1. All bets stand regardless of a Pitcher change.
2. Possible extra innings are not considered in any market unless otherwise stated.

22. Cricket (T20 + ODI)

1. All markets do not consider super overs unless otherwise mentioned.
2. 5-run penalties are not considered in any over or delivery market (markets for multiple overs are not considered for this rule).
3. Twenty 20, ODI: a minimum of 90 % of the entire overs allocated for an innings must be played at the time the bet was struck for markets to be settled unless the innings has reached its natural conclusion.
4. If a match is cancelled before any play has taken place, then all markets are considered void unless the match is replayed within 48 hours of its initial starting time.
5. If the match is tied and the official competition rules do not determine a winner; or if the competition rules determine the winner by a coin toss or drawing of lots, then all undecided markets are considered void.
6. In the event of an over not being completed, all undecided markets on this specific over are considered void unless the innings has reached its natural conclusion e.g. declaration, team all out, etc.
7. If markets remain open with an incorrect score which has a significant impact on the prices, we reserve the right to void betting.
8. In T20, the 1st innings refers to the 1st innings of batting for each team. If no specific team name is stated then this refers to the entire total combining both teams.

23. Elections

1. All-in betting applies to every market unless stated otherwise.
2. Multi bets will not be offered on election markets.
3. Bets on the general election winner will be settled on the political party which gains the most seats in parliament, unless stated otherwise.
4. “All in, run or not” rule will be applied, unless stated otherwise, when betting is offered on Next Party Leaders / Next President / Next Prime Minister or similar. No stakes will be refunded for reasons of ineligibility, failure to stand, withdrawal, or any other eventuality. Any ‘temporary’ or ‘care taker’ leader installed in advance of any scheduled leadership contest or official selection process will not count. The winner of any such election or process will count as the next leader.

Australian Politics

1. Coalition refers to Liberal and National Party.
2. Picklebet pays out markets based on the party that is sworn in.
3. Bets settled at time of swearing in.
4. Picklebet may utilize projected information data to result markets.  As an example election returns, news projections, and early data may be utilized to result markets prior to the official, swearing in.
5. Type of government formed markets are settled based on the seats won in the Aus House or Reps. A Majority is counted as a party that wins 76+/151 seats, minority 75 or fewer from party of PM with guaranteed supply.
6. All bets carry over if the Gov General does not swear in a PM because supply cannot be guaranteed.

24. Esports

1. All esports markets are based on in-game score events or results at the end of a scheduled match/map. All settlements will occur using the official score and results which are declared on the official video stream or the in-game stream of the relevant matches.
2. All match start dates and times displayed for Esports matches are for indication purposes only and are not guaranteed to be correct. Bets will stand if a match is offered with an incorrect date and/or time.
3. If a match is paused/postponed and not rescheduled to a later time within 48 hours of the actual scheduled start time, then all bets on that match will be voided.
4. If the name of a player/team/tournament is misspelled, all bets will still stand unless it’s obvious that the misspelled name is the same as a different entity.
5. If a team name is changed due to a team leaving the organization, joining another organization, or due to an official change of team name, all bets will stand.
6. If the organizer of the event allows for stand-ins and there is an official result, all bets will be resulted as normal.
7. In the case where there is an overruling of a match result by the organiser due to unforeseen circumstances - such as cheating - all bets on that match will be voided.
8. If a match has been declared as a walkover win by the tournament organizer, all bets will be void.
9. If one team retires during a match, only wagers on the completed individual maps will be resulted. Match market, match side markets and all other undecided map markets will be voided.
10. All markets consider overtime, unless stated otherwise in the market name.
11. If the match format is changed or differs from the one which is being offered, we reserve the right to void all bets.
12. If the fixture is listed incorrectly, we reserve the right to void all bets.
13. If a match is played before the scheduled start date / time, all bets placed after the actual start of the match will be refunded. All bets placed before the actual start of the match will stand.
14. If a match or map is replayed due to an organizer or technical issues, all undecided markets will be void, replayed matches or maps will be handled separately as new match.
15. If the final gameplay length/duration is the same as a particular threshold, it is resolved as OVER. (Time Duration Markets)

25. Formula 1

1. Unless otherwise stated in the market rules, the result at the time of the podium presentation is considered valid for settlement purposes.
2. Events being shortened due to weather conditions or other circumstances, but are deemed official by the governing association, will be settled accordingly.
3. If a race is postponed to another day (to be determined within UTC time zone) all markets are considered void.
4. Unless otherwise stated in the market rules, the dead heat rule will be applied if the number of winners exceeds the expected amount of winning selections for a specific market.
5. If one or more drivers have to start the race from the pit-lane, he/they will be ranked at the end of the starting grid for settlement purposes.
6. If competitors (which are reflected as dedicated selections) retire in different laps, the number of finished laps is considered for settlement purposes.

26. Rugby Union + League

1. All markets (except halftime, first half markets, overtime and penalty shoot out) are considered for regular time only.
2. If a match is interrupted and continued within 48h after initial kick- off, all open bets will be settled with the final result. Otherwise all undecided bets are considered void.
3. Regular 80 Minutes: Markets are based on the result at the end of a scheduled 80 minutes play unless otherwise stated. This includes any added injury or stoppage time but does not include extra-time, time allocated for a penalty shootout or sudden death.

27. Rugby Sevens

1. All markets (except halftime, first half markets, overtime and penalty shoot out) are considered for regular time only.
2. If a match is interrupted and continued within 48h after initial kick-off, all open bets will be settled with the final result. Otherwise, all undecided bets are considered void.
3. Regular 14 / 20 Minutes: Markets are based on the result at the end of a scheduled 14 / 20 minutes play unless otherwise stated. This includes any added injury or stoppage time but does not include extra-time, time allocated for a penalty shootout or sudden death.

28. Soccer

1. All markets (except halftime, first half markets, overtime and penalty shootout) are considered for regular time only unless otherwise stated.
2. If a match is interrupted and continued within 48h after initial kick-off, all open bets will be settled with the final result. Otherwise all undecided bets are considered void.
3. Regular 90 Minutes: Markets are based on the result at the end of a scheduled 90 minutes play unless otherwise stated. This includes any added injury or stoppage time but does not include extra-time, time allocated for a penalty shootout or golden goal.

29. Table Tennis

1. In the case of a match not being finished all undecided markets are considered void.

30. Tennis

1. In case of default or walkover of any player, all undecided bets are considered void.
   
2. In the event of retirement or disqualification, all bets on known results will stand, whilst undecided bets will be void. Match Winner will be settled on the player progressing to the next round regardless of retirement or disqualification. All bets will be void in the event of a walkover.
3. In case of any delay (rain, darkness…) all markets remain unsettled and the trading will be continued as soon as the match continues.
4. If penalty point(s) are awarded by the umpire, all bets on that game will stand.
5. In case of a match is finished before certain points/games were finished, all affected point/game related markets are considered void.