General Betting Rules
Last updated and takes effect from 30 March 2026.
These General Betting Rules (“these Rules”) apply to all bets placed with Picklebet. These Rules are subject to any sport, event or product specific rules that may also apply to your bet.
Please refer to our Racing Rules for specific rules that apply to bets on Australian and international thoroughbred, harness and greyhound racing events. Please refer to our Individual Sport, Esport & Novelty Rules for specific rules that apply to bets on specific sport, esport and novelty events.
1. General
1.1 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, Australia, by the Northern Territory Racing and Wagering Commission (the “NTRWC”).
1.2 These 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.
1.3 These 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 where the User’s Stake stands regardless of whether the Selection participates in the Event. If the Selection does not participate, the 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.
Betting Rules refers to these General Betting Rules and any sport, event or product specific rules that may also apply to your bet, including under our Racing Rules or our Individual Sport, Esport & Novelty Rules.
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 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 being refunded to the User.
Dead Heat means a result in which two or more Players and/or Teams finish on an identical result.
Draw means where two or more Teams or Players finish on the same number of points or 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 an esport, including but not limited to League of Legends, Dota 2, CS2, and Valorant.
Event means a Match or tournament run by a recognised professional league or governing body.
League means an organisation that governs and runs Events.
Live means the status of a Bet in which the first Match related to the first Selection has commenced.
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 for each available Event.
Match means a type of Event in which two or more Teams and/or Players compete against each other.
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 results available on a Market that a Bettor may select to build a Bet.
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. This amount may be adjusted where Selections in a Won Bet are Voided.
Player means a professional player or competitor participating in an Event.
Pre-match means the time period prior to the commencement of a Match.
Regulation Time means the scheduled duration of play for a Match as determined by the relevant governing body, excluding any extra time, overtime, golden point, or penalty shootouts unless otherwise stated.
Rejected means a Bet placed and confirmed by a User and declined by Us. A 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 or stage that Teams or Players compete in as part of a Match or Event.
Same Event Multi means a Multi Bet where two or more legs are selected from markets within the same match or event. Odds are not a simple multiplication of individual leg odds as legs may be Related Contingencies.
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 have 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.
Undecided means a Selection in an Accepted Bet which has yet to be 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 in which all Selections comprising the Bet result in either a win or Voided status, resulting in a Payout to the User.
Winnings means the amount of profit transferred from Us to the User of a Won Bet. It does not include the Stake returned to the User as part of the Payout.
3. Placing a Bet
3.1 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.
3.2 You can view and make Selections from a list of Outcomes on Pre-match Markets.
3.3 You may create and place one or more Single Bets, or a Multi Bet from a single Bet Slip transaction.
3.4 We reserve the right to change the Odds on offer for an Outcome at any time prior to the start time of the Event.
3.5 We may Accept or Reject each individual Bet placed, independent of each other Bet submitted.
3.6 A Bet will be considered Accepted when You receive a ‘Bet Accepted’ confirmation message from Us, including the unique Entry ID.
3.7 We reserve the right to Reject your Bet for any reason, without justification or compensation.
3.8 In the event we Reject your Bet, we may offer you an Alternative Stake.
3.9 Once your Bet is Accepted, You cannot Cancel it and redeem your Stake.
4. Betting Deadlines
4.1 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.
4.2 If a Selection, for whatever reason, is Accepted after the start of an Event. We reserve the right to Void that Selection.
4.3 We reserve the right to suspend or close Markets before their scheduled start time.
4.4 You cannot make Selections from suspended, closed or non-active Markets.
4.5 If You have been paid Winnings in error due to Rule 4.2 above, 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
5.1 The designated home team is listed on the left-hand side of an event and the designated away team on the right-hand side. Where a match takes place at a neutral venue or no home team is declared, the team listed on the left is treated as the home team for betting purposes.
5.2 In the event of a venue change, all bets on the affected Event will stand unless the venue changes to the home ground of the opposing team, in which case all bets will be void.
6. Abandonments, Cancellations & Postponements
6.1 Any Match, Event or competition which is abandoned, cancelled, or otherwise not completed prior to the full scheduled duration will be considered Void. All Bets on decided outcomes will stand; any undecided outcomes will be considered Void. For specific sport completion requirements (e.g. minimum overs in cricket, minimum innings in baseball), refer to the relevant section in our Individual Sport, Esport & Novelty Rules.
6.2 For Esports events, any match or map which is abandoned, cancelled, or forfeited before completion will be considered Void. Refer to the Esports section of our Individual Sport, Esport & Novelty Rules for full details.
6.3 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 in the applicable sport-specific rules.
7. Outright Markets
7.1 Outright Markets are offered on an All In Run Or Not basis. If a User’s Selection does not take part in the Event, the bet will be Settled as a Loss.
7.2 Where playoffs or a postseason is required to determine the final result, outright bets will include those stages unless otherwise stated.
7.3 All Bets are settled on the official award ceremony result. Subsequent disqualifications or investigations will not affect settlement.
7.4 Dead Heat rules apply to all Outright Markets (see Rule 9).
8. Related Contingencies
8.1 A Related Contingency is a Multi Bet where the outcome of one Selection can contribute to the outcome of another Selection.
8.2 We reserve the right to determine which Bets constitute a Related Contingency.
8.3 We may Reject Multi Bets which contain a Related Contingency and reserve the right to Cancel, at our discretion, Multi Bets placed on Related Contingencies.
8.4 In certain instances, We will make available combinations of Related Contingencies for Users to place Multi Bets on (for example, Same Event Multis).
8.5 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
9.1 A Dead Heat occurs when two or more competitors finish tied in a position that determines a winning outcome. Where no draw or tie price was offered for that outcome, the Dead Heat Rule applies.
9.2 Where the Dead Heat Rule applies, the payout on the affected selection is calculated by multiplying the stake by the Dead Heat Factor. The Dead Heat Factor is the number of available winning places divided by the number of competitors sharing those places.
9.3 In the event of a Dead Heat applying to a selection in a Same Event Multi, the Odds for the entire Same Event Multi will be multiplied by the Dead Heat Factor.
9.4 For worked examples and further explanation, please refer to our Dead Heat FAQ.
10. Push Rule (2-way Markets)
10.1 In the event of a two-competitor betting market resulting in an outcome that was not offered (such as a draw in a head-to-head market), bets on both competitors will be void.
10.2 If the voided outcome forms part of a Multi, it will be settled in accordance with Rule 13.
11. Head-to-Head & 3-way Markets
11.1 Unless otherwise stated, bets will be void if:
(a) No listed competitor finishes the event.
(b) One or more competitor(s) fails to start.
(c) All competitors are disqualified or otherwise excluded.
(d) All competitors achieve the same result, and no Draw Outcome is offered;
11.2 A Draw is determined at the end of Regulation Time, unless extra time is explicitly stated in the Market description.
12. Period Markets
12.1 Unless otherwise stated, only points scored in the respective round, period, or Match will count towards settlement of the relevant Market. This excludes any period of extra time unless explicitly stated in the Market description.
13. Multi-bets
13.1 A Multi is where you combine more than one betting selection (known as a ‘leg’) into the bet, and where all of the legs must win for your bet to be paid out as a winner. Odds for Multi bets (other than a Same Event Multi) are calculated by multiplying the odds for each individual leg in the Multi.
13.2 A Same Event Multi allows you to combine more than one leg from markets within the same match or event. Picklebet may offer Same Event Multis on selected sports. Odds for a Same Event Multi will not be a simple multiplication of odds for the individual legs, as the outcomes of legs are often Related Contingencies.
13.3 If a leg in a Multi bet is cancelled or void due to the rules that apply to that leg’s market, then:
(a) Multi bets containing the void outcome as a single Selection will be recalculated with the void leg adjusted to $1.00 odds.
(b) Stand-alone Same Event Multi bets including the void outcome will be void entirely and the Stake refunded to the User.
(c) Same Event Multi bets combined with one or more other outcomes to form a larger Multi bet will have the individual Same Event Multi leg treated as void, and the multi bet will be recalculated with the void leg adjusted to $1.00 odds. The Same Event Multi is treated as a single leg for this purpose.
14. Odd/Even Markets
14.1 Unless otherwise stated, a total count of zero will be settled as Even.
15. Results and Payouts
15.1 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 Rule 13 above.
15.2 All Bets will be settled at the end of Regulation Time, unless extra time is specified in the Market description, or there is a sport-specific rule in our Individual Sport, Esport & Novelty Rules that supersedes this rule. For the avoidance of doubt, where a more specific rule exists for a particular event or product, the more specific rule will apply.
15.3 Picklebet utilises third-party data suppliers who provide official statistics and results for each Event. Picklebet holds no responsibility for any errors in results and statistics provided by these suppliers.
15.4 The resulting of a Bet will not be changed regardless of any official statistics or scoring adjustments made by Leagues or third-party data providers at later times or dates, except in Our sole discretion.
15.5 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 and are offered for informational and entertainment purposes only. They 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 with respect to the information provided.
15.6 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 timely resulting.
15.7 A Won Bet will result in a Payout to the User.
15.8 Payouts will be credited to the User’s Available balance in their Wallet.
15.9 A Payout is non-transferable and non-assignable.
15.10 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.
15.11 Any transactions completed by a minor shall be forfeited.
16. Betting Rules
16.1 Each Bet will run in accordance with the Terms and Conditions and the applicable Betting Rules.
16.2 We may place restrictions on the number, Stake amount, or Payout of Bets a User may submit, at our discretion.
16.3 All Bets You place which are Accepted by Us are placed, Accepted and processed in the Northern Territory.
16.4 Where a dispute exists concerning the outcome of a Bet, Our decision is final and binding, subject to a User’s recourse with the NTRWC. Please see our Customer Query, Dispute and Complaint Policy.
16.5 Any query or dispute regarding the settlement of a Bet must be raised within 30 days of the Bet being settled. After this period, settlements will be considered final and no further amendments will be made, except where required by law or NTRWC direction.
17. Disqualification, Errors and Cancellation
17.1 A User’s Bet can be Cancelled at any point in time where they fail to comply with Our Terms and Conditions or Betting Rules, or at Our absolute discretion.
17.2 We reserve the right to Cancel or alter the terms of any Bet, at Our discretion.
17.3 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.
17.4 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 repayment from You in relation to the Bet where it has been withdrawn from Your Wallet and an amount is outstanding due to the adjustment.
18. Cash Out
18.1 The maximum value of a cash out cannot surpass the initial potential payout of any bet.
18.2 The maximum value of any cash out prior to a bet beginning cannot surpass the original stake of the bet.
18.3 Cash Out is only available while all legs in a bet are either resulted as a winner or in a pre-event state. It is not available while matches are in play or any leg of the bet has already been determined as a loser.
18.4 Cash out values are generated using an algorithm determined by the total possible payout and the remaining odds of all selections that are yet to begin.
18.5 Any cash out offered in contradiction to these rules, or for a value which is an obvious error, will be reversed. Where a valid cash out value was available at the time of the erroneous cash out confirmation, it will be amended to that correct value. Where no valid cash out was available at the time, the bet will continue to be settled normally.
18.6 Cash Out is available entirely at Picklebet’s discretion and may be removed from any market, bet or account at any time without notice.
18.7 Bets that are cashed out are finalised at the point of Cash Out confirmation.
18.8 Bets that are cashed out are not eligible for any promotional offer attached to the bet on placement.
18.9 Bets placed with bonus cash, free bet credits, or any other promotional funds are not eligible for cash out.
18.10 If a leg within a bet is voided after a cash out request has been initiated but before the cash out is confirmed, the cash out will not proceed, and the bet will continue to be settled normally on the remaining active legs.