NOTE:
Players using VPN and login from different IP frequently may result to void bets.
And on the basis of different IP from multiple city we can suspend the account and void bets.

All LC Exchanges users including ‘Super’, ‘Master’ and ‘Sub’ account holders are advised to read the following ‘Terms and Conditions’. All users who use LC Exchanges agree and accept to the following:

1. The site www. LC Exchanges.com and all of its original content are the sole property of ‘ LC Exchanges’ and are, as such, fully protected by International Copyright and other intellectual property rights laws.
2. Any form of ‘Passing of funds’, ‘Self Matching’ will not be tolerated on LC Exchanges. Any users found participating in such activites will be locked with the funds being reversed. Accounts participating in such activities must note that LC Exchanges reserves the right to Void any bets of such nature at any time within 1 week of the bet being placed.
3. Please note that if any account has been locked due to ‘Passing of funds’ within the last 72 hours, LC Exchanges reserves the right to void any bet of this nature within the account irrespective of when the bet was placed.
4. No Arguments or claim in the above context will be entertained by LC Exchanges and the decision made by LC Exchanges will stand as final.
5. LC Exchanges Endeavors to have our services run 24 hours a day. However due to any technical issue, or disruption of services from our provider (Betfair.com), LC Exchanges will not be liable for any market positions that any account holders may hold.
6. Betfair.com reserves the right to resettle or void any market for reasons such as technical delayed suspension from the provider. In any such case LC Exchanges will settle according to Betfair.com
7. ‘Super’ and ‘Master’ account holders will be held responsible for the financial penalties incurred for any misuse or ‘passing of funds’ from any of the ‘Sub’ account holders under their accounts irregardless whether or not the financial positions of the sub accounts have been settled by their superior ‘Super’ or ‘Master’ holders.
8. In case anyone is found using 2 different IDs and logging in from same IP his winning in both accounts will be cancelled.
9. Any bets which are deemed of being suspicious, including bets which have been placed from the stadium or from a source at the stadium maybe voided at anytime. The decision of whether to void the particular bet in question or to void the entire market will remain at the discretion of LC Exchanges. The final decision of whether bets are suspicious will be taken by LC Exchanges and that decision will be full and final.

Exchange Rules and Regulations

Part A - Introduction

1. Use and interpretation

The Exchange Rules and Regulations ("Exchange Rules") are part of terms and conditions.

The Exchange Rules apply to all bets placed on Exchange markets. The Exchange Rules also apply to Exchange ’Multiples’ product (see the Multiples section below for further details). The Exchange Rules consist of the following:

• This INTRODUCTION section (Part A);
• The GENERAL RULES (set out in Part B below);
• The SPECIFIC SPORTS RULES (set out in Part C below – these apply to certain sports and to financial markets); and
• The MARKET INFORMATION (located on every market either under the tab entitled "Rules" or under the ‘Rules’).

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 beach volleyball), the General Rules and Market Information will apply.

2. Market information

The Market Information is provided for information purposes as an at-a-glance guide on how 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 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, it 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 the customers.

It 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. Customer responsibility

The customers should make themselves aware of all the Exchange Rules affecting any market on which they wish to place a bet. Customers 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. Customers are responsible for managing their own positions at all times in such markets. Customers 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. Customer betting disputes & IBAS

Any customer who has any concerns or questions regarding the Exchange Rules or regarding the settlement of any market should contact.

If a customer is not satisfied with how a bet or a market has been settled then the customer should provide details of their grievance.

Part B - General rules

1. Managing markets In-Play

a) General

• For everything other than horseracing and greyhound racing, if a market is not scheduled to be turned in-play but fails to suspend the market at the relevant time, then:
  • if the event has a scheduled 'off' time, all bets matched after that scheduled off time will be void; and
  • if the event does not have a scheduled 'off' time, it will use its reasonable endeavours to ascertain the time of the actual 'off' and all bets after the time of the 'off' determined will be void.
• For horseracing and greyhound racing, if a market is not scheduled to be turned in-play but fails to suspend the market at the relevant time, then all bets matched after the official 'off' time will be void.
• It aims to use its reasonable endeavours to suspend in-play markets at the start of and at the end of the event. However, regardless of what it says in the Market Information, it does not guarantee that such markets will be suspended at the relevant time.
• It will not part-suspend outcomes/selections in an Exchange market that has been turned in-play.
• Customers are responsible for managing their in-play bets at all times.
• For the purposes of in-play betting, customers should be aware that transmissions described as "live" by some broadcasters may be delayed or pre-recorded. The extent of any delay may vary depending on the set-up through which they are receiving pictures or data.

b) All markets other than soccer markets and Australian markets - not suspending at the time of the 'off'

• In relation to markets which are scheduled to be turned in-play, aims to use its reasonable endeavours to turn such markets in-play at the time of the 'off'. The time of the 'off' for such markets should be set out in the Market Information. However, regardless of what it says in the Market Information, it does not guarantee that such markets will be suspended and turned in-play at the time of the 'off'.
• If a market is scheduled to be turned in-play but does not suspend the market and cancel unmatched bets at the time of the 'off' and the market is not turned in-play with unmatched bets cancelled at any time during the event, all bets matched after the scheduled time of the 'off' will be void (in the case of horseracing and greyhound racing, bets will be void from the official rather than the scheduled 'off' time).
• If the event does not have a scheduled 'off' time, it will use its reasonable endeavours to ascertain the time of the actual 'off' and all bets after the time of the 'off' determined will be void.
• If a market is scheduled to be turned in-play but does not suspend the market at the time of the 'off' (so unmatched bets are not cancelled at that time), but the market is intentionally turned in-play at a later time during the event, all bets matched after the time of the 'off' will stand

c) Soccer markets (with the exception of Australian soccer markets) - not suspending at kick-off or on the occurrence of a Material Event

Not suspending at kick-off

• In relation to soccer markets that are scheduled to be turned in-play, aims to use its reasonable endeavours to turn such markets in-play at kick-off and to suspend such markets on the occurrence of a Material Event (see definition of "Material Event" below).
• The relevant scheduled kick-off time should be set out in the Market Information. However, regardless of what it says in the Market Information, it does not guarantee that such markets will be suspended and turned in-play at kick-off.
• If a market is scheduled to be turned in-play but not suspend the market at kick-off and the market is not turned in-play at any time during the match, all bets matched after the scheduled time of the kick-off will be void.
• If a market is scheduled to be turned in-play but not suspend the market at kick-off (so unmatched bets are not cancelled at that time), but the market is turned in-play at a later time during the match, all bets matched after the scheduled time of the kick-off and before the first "Material Event" will stand. However, if there has been one or more "Material Events", any bets matched between the first "Material Event" and the market being turned in-play will be void.

Not suspending on the occurrence of a Material Event

• If it does not suspend a market on time for the occurrence of a Material Event, it reserves the right to void bets unfairly matched after the Material Event has occurred. Voiding of these bets may take place during the event or retrospectively once a game is completed.

Definition of “Material Event”

• For the purpose of these Exchange Rules, a "Material Event" shall mean a goal being scored, a penalty being awarded or a player being sent off.

d) In-play Australian markets

• Notwithstanding the other in-play rules described above, in relation specifically to any Australian market that is scheduled to be turned in-play, if it fails to suspend the market at the 'off' then all bets matched after the scheduled time of the 'off' and before the market is turned in-play will be void (in the case of horseracing and greyhound racing, bets will be void from the official rather than the scheduled ‘off’ time). If the event does not have a scheduled 'off' time, it will use its reasonable endeavours to ascertain the time of the actual 'off' and all bets after the time of the 'off' as determined will be void.

2. Results and market settlement

a) General

• Markets will be settled as set out in the Market Information and/or the Specific Sports Rules.
• 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).
• If no official result of a relevant governing body is available, the result will be determined by using information from independent sources. In such cases, if any new information comes into the public domain within 48 hours of settlement, then it 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 it 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 (regardless of whether or not such information may have led to a different result).
• In the event of any uncertainty about any result or potential result, it reserves the right to suspend settlement of any market for an unlimited period until the uncertainty can be resolved to the reasonable satisfaction. It reserves the right to void any market if the uncertainty regarding settlement cannot be resolved to reasonable satisfaction.

b) Resettlements

• Markets are generally settled shortly after the end of the event in question. It may settle (or part-settle) some markets before the official result is declared (or may increase a customer's 'available to bet' balance by the minimum potential winnings of that customer on a given market) purely as a customer service benefit. However, it reserves the right to amend the settlement of the market if: (i) the official result is different to the result on which initially settled the market (for example, a horseracing result being changed by the relevant governing body shortly after a race, but before the result is official); or (ii) if the whole market is eventually voided (e.g. for an abandoned event).
• It reserves the right to reverse the settlement of a market if a market is settled in error (for example, a human or technical error).
• If resettles a market, this may lead to amendments being made to a customer's balance to reflect changes in market settlement.

c) Non-runners, withdrawals and disqualifications

• Subject always right to void bets under its terms and conditions or for any exception under the Exchange Rules, if a market contains a statement that says, "All bets stand, run or not" (or something similar) in the Market Information, then all bets on a team or competitor will stand regardless of whether or not the team or competitor starts the event or takes any part in the event.
• Where the Market Information does not stipulate that all bets will stand regardless of participation, customers should refer to the relevant Specific Sports Rules.
• If a team or competitor is disqualified, withdraws or forfeits after starting an event they will be deemed a loser providing at least one other team or competitor completes the event. If no team or competitor completes an event (having started) then all bets will be void except for bets on any markets which have been unconditionally determined.

d) Winner with [named selection]' markets

• It may from time to time offer markets that are dependent on the participation of a particular competitor. If the competitor named either in a 'Winner with …' market title or in the Market Information does not participate in the tournament or event then all bets on the market will be void. For example, if there was a "Winner with Federer" tennis market, all bets on the market would be void if Federer did not participate in the tournament. However, if any other competitor did not participate, then bets would stand.
• A team or competitor will be deemed to have participated if they have taken part to the extent necessary to record an official result or classification (including any disqualification but excluding any "did not start" or equivalent classification).

3. Abandonments, Cancellations, Postponements

• Some markets have different rules and these are listed in the Specific Sports Rules and/or the 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.
• 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.
• 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 customers, then such part-settled bets will be reversed and all bets on the market will be void.
• It 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 goal scorer = 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.

4. 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, 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, all bets will stand.
• If there is a change in the type of scheduled surface (e.g. a hockey match switching from grass to Astor-turf) after the market has been loaded, all bets will stand.

5. Periods of time

• 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.
• If the scheduled duration of an event is changed after the market has been loaded but before the start of the event, then all bets will be void.
• Some markets refer to the length of time until an occurrence in the event (e.g. time of first goal). If an event happens in stoppage or injury time after any regular time period then it will be deemed to have occurred at the end of the regular time period. For example, if a goal is scored in first half stoppage-time in a soccer match it will be deemed to have occurred on 45 minutes.
• All bets apply to the relevant full 'regular time' period including stoppage time. Any extra-time and/or penalty shoot-out is not included.
• References within these Rules and Regulations to a particular number of 'days' shall mean the end of the day local time after the expiry of the specified number of days. For example, if a rugby match is scheduled for the 1st of December, then the rule that allows the match to be completed within three days after the scheduled completion date (see Paragraph 3 above) would mean that the deadline for completion of that match would be 23.59:59 on the 4th of December.

6. Match bets

• Some markets have different rules and these are listed in the Specific Sports Rules and/or the Market Information. For example, for match bets on Golf markets the rules are set out in the Specific Sports Rules. However, if not dealt with in the Specific Sports Rules or the Market Information then the following shall apply.
• 'Match Bets' for one-off events are determined by the competitor or team with the best score, time or finishing position in the event. If none of the competitors or teams involved in the match bet complete the event or register a score, time or finishing position then bets are void unless specified otherwise in the Specific Sports Rules and/or the Market Information. Any competitor or team not completing an event or registering a score, time or finishing position having taken part in the match bet event will be settled as a loser providing at least one other team or competitor completes that event or registers a score, time or finishing position.
• 'Match Bets' for progress in a competition or event with multiple heats or rounds are determined by the competitor or team which qualifies to the furthest round (whether it takes part in the further round or not) or with the best score, time or finishing position in the final or same heat of that competition or event. If the relevant competitors or teams fail to qualify in the same round of the competition but in different heats then dead-heat rules will apply, irrespective of the finishing positions in their respective heats. Markets will be part-settled after the end of each round and any subsequent disqualifications, penalties or amendments to results or qualifications will not have any effect on the market. Where one or more of the competitors or teams are disqualified, for the purposes of settlement, the disqualified competitor or team will be deemed to have progressed further in the competition or event than all those eliminated from the competition or event prior to the disqualification, and will be deemed to have finished last (or joint last if there is more than one disqualification) of those still competing in the competition or event. Disqualification will be considered to have taken place at the time of the competitor's or team's removal from the competition or event by the relevant governing body, rather than at the time of the event which caused disqualification.
• If one of the competitors or teams does not take any part in the event, then all relevant match bets will be void.
• If an event or tournament is abandoned or reduced in duration such that any competitor or team fails to complete the match bet, event or tournament for any reason other than withdrawal or disqualification then all bets will be void except for those on markets which have been unconditionally determined.

7. "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.

8. Dead heats

• Unless stated otherwise in the Specific Sports Rules and/or the Market Information the Dead Heat Rule applies to bets on a market where there are more winners than expected (as set out in the Market Information).
• For each bet matched on a relevant winning selection, the stake money is first reduced in proportion by multiplying it by the sum of the number of winners expected (as set out in the Market Information), divided by the number of actual winners (i.e. stake multiplied by (number of winners expected/number of actual winners)). The winnings are then paid to the successful backers on this 'reduced stake' (reduced stake multiplied by traded price) 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 a stake of 300 at the traded price of 4.0 and 'Client B' has taken the other side of this bet. When the event is settled, the stake (300) is multiplied by 1/3 (i.e. the number of expected winners (1) divided by the number of actual winners (3)) to calculate the reduced stake (100) and the remainder given to the layer (200). The backer then receives the traded price 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's net losses are 100. Alternatively, this can be viewed as the full amount paid to the traded price divided by the number of dead-heaters. In the above example, this would be 300 at the traded price of 4.0 (1200) divided by 3; making 400 payouts and 100 net winnings.
• By way of another example, assume there is an outright winner in a golf tournament but 7 players tie for 2nd place. In the "top 5 finish" market, after settling on the outright winner in the top 5 market there would be 4 others designated winner’s places available. 'Client A' has backed one of the winners for 300 at the traded price of 4.0 and 'Client B' has taken the other side of this bet. When the event is settled, the stake (300) is multiplied by 4/7 (i.e. the number of expected winners (4) divided by the number of actual winners (7)) to calculate the reduced stake (171.43) and the remainder given to the layer (128.57). The backer then receives the traded price matched (4.0) multiplied by the reduced stake (4 x 171.43 = 685.72). In this example, Client A's net winnings are 385.72 (685.72 payout minus the original 300 stake), and Client B's net losses are 385.72.
• In relation to customers whose betting counterparty, for the purposes of this section of the Exchange Rules dealing with dead heats, the terms 'Client A', 'Client B' and 'appropriate layers' should, where relevant, be read

9. Exchange Multiples

The Exchange Rules only apply to Exchange Multiples.

• Customers placing a multiple bet will be betting with each other will act as the counterparty to the bet.
• A multiple bet consists of a number of legs. A leg is defined as one or more chosen selections in any individual event market.
• It reserves the right in its sole discretion not to accept certain multiple bets or to scale back stakes in certain circumstances.
• All multiple bets placed are subject to the Exchange Rules that apply to each individual sport that relates to any leg of any multiple bet.
• The maximum payout limit for Exchange Multiples is £1,000,000.
• Customers can place an Exchange Multiple bet using back, or where available lay or a mixture of back and lay selections. However, customers cannot have a combination of back and lay selections in any one leg.
• If customers choose more than one selection in one leg the odds for this leg will be "dutched" which means they will be combined to reflect the chances of any of the selections within the leg winning (if backed) or all of the selections losing (if laid). If customers wish to place a cross-multiple bet (i.e. more than one selection in any event market but not using "dutched" prices) they will need to enter each Exchange Multiple bet separately.
• Other than Exchange Multiples bets struck at Starting Price ("BSP"), the odds available via the Exchange Multiples product will be broadly based on the relevant singles markets on the Exchange and any such winning multiple bet will be subject to commission as set out in the Charges' section of the website.
• Any winnings from Exchange Multiples bets struck at BSP will not be subject to commission, but the odds returned on each leg in such a multiple will be subject to a 5% deduction from the BSP.
• A BSP each way Exchange Multiple bet is a bet for selections in the multiple to win and a bet on the same selections to place. For example, a £2 each way double represents a £2 bet on both selections to win and a £2 bet on both selections to be placed, with a total stake for the bet of £4. The number of places for each event in each way multiples bet are shown on the multiples win Market Information and do not change. Should the number of runners be equal to or less than the number of places available, the relevant place leg of any multiples bet will be void
• The minimum total stake for any Exchange Multiple bet is £2. For example, a 20p "Yankee" (11 bet combinations) representing a total stake of £2.20 is permitted. However, a 1p "Heinz" (57 bet combinations) representing a total stake of £0.57 or a £1 double (1 bet combination) representing a total stake of £1 will not be permitted. For customers betting in currencies other than English Sterling, the minimum total stake which applies to an Exchange Multiple bet will not necessarily be the equivalent of £2, though it will be calculated as described in the example above.
• If, in its sole discretion, will determine the markets that are available for Exchange Multiples. Events available for Exchange Multiples will be those listed within any individual Exchange Multiple group (e.g. UK football fixtures for any given day). Not all markets will be available via the Exchange Multiples product.
• With the exception of the rule directly below, if any selection in any leg is a non-runner or otherwise void under the Exchange Rules (e.g. an abandoned match) then all bets on that individual leg will be void and the Exchange Multiple bet shall be adjusted accordingly. For example, a treble including one void leg will become a double. This means that if customers have more than one selection in any leg (i.e. in cases of 'ditching') and one of those selections is a non-runner, the whole leg will be void. In the event that voided legs mean that an individual bet within a multiple becomes a single bet, then this single bet will stand.
• Notwithstanding the rule directly above, for Exchange Multiples bets struck at BSP, if customers have more than one selection in any leg and one of those selections is a non-runner the leg will stand. For example, if customers back both Desert Orchid and Red Rum in an individual horse race and Red Rum is a non-runner, the leg will become a back of just Desert Orchid.
• It reserves the right not to accept certain combinations of Exchange Multiples, such as those including related contingencies (i.e. where the outcome of one event is likely to affect the odds on the outcome of another event). This may happen automatically at the bet placement stage. Alternatively, if such bet is taken in error, it may void the individual bet combinations which include two or more of the related contingency selections.
• It may offer special markets on related events from time to time, including within its normal markets (i.e. outside of the Exchange Multiples product), for example a market on Chelsea to win the English domestic double (i.e. Premiership and FA Cup).
• When placing any Exchange Multiple bet, the prices shown only give an indicative guide as to the price available for each leg and the overall multiple. Other than Exchange Multiples bets struck at BSP, the price of each leg and the overall multiple price that customers get will be fixed when the multiple bet is actually placed and customers will then be able to see these prices. For more details on this customer should refer to the 'help' files.
• Horseracing Exchange Multiples are based on ‘day of the race’ markets (and not ante-post markets). Horseracing ante-post rules do not therefore apply in relation to horseracing Exchange Multiples.

10. Rules for Starting Price

• Starting Price ('SP') is available on the Exchange. Exchange SP bets (‘SP bets’) are therefore a type of Exchange bet. The SP is calculated as, by balancing all SP bets and other Exchange bets when the market is suspended at the 'off' of the relevant event. The details of this calculation are provided directly below.
• Please note that for all customers, an SP bet cannot be cancelled once it has been placed.
• A bet at SP is a fixed odd bet, with the odds on each selection being calculated and bets matched when the event starts. The odds are calculated by matching SP backers and other Exchange backers against SP layers and other Exchange layers. The inclusion of other Exchange bets in the SP reconciliation is necessary to ensure that: SP backers get the benefit of unmatched Exchange offers to lay if those offers could increase the SP; and SP layers get the benefit of unmatched Exchange offers to back if those offers could reduce the SP. Including unmatched other Exchange in the SP reconciliation also ensures that the bets of other Exchange backers and layers, which would otherwise lapse, are matched where possible.
• The minimum liability for a bet placed at SP is £10 for a lay bet and £2 for a back bet (or the currency equivalent in each case).
• Example 1: on selection A there is £1,000 of backers' stakes and £6,000 of layers' liabilities at SP and there are £500 of unmatched other Exchange back bets available to lay at an average of 5.0. If we ignored the Exchange market in this case the SP would be 7.0. However, this would leave other Exchange back bets, that could also have been matched at their requested price against SP layers, unmatched. Therefore, the SP will be 5.0 and all SP backers and SP layers will be matched at that price. The £500 of Exchange backers' stakes will also be matched at their requested price of 5.0 against the SP layers.
• Example 2: on selection B there are £831 of backers' stakes and £4,428 of layers' liabilities at SP and the following unmatched other Exchange lay bets, available to back: £20 at 6.8, £31.13 at 6.6 and £100 at 6.4. In this case the SP will be 6.68. This is calculated by including the £20 available to back at 6.8 and the £31.13 available to back at 6.6 and balancing those amounts against the SP backers' stakes and SP layers' liabilities. The £100 available to back on the Exchange at 6.4 remains unmatched as to include any of this amount would lead to an imbalance between SP backers and SP layers.
• The SP is calculated to six decimal places for each selection, though it may be displayed in the relevant market view (or in any form/results data) to two decimal places, rounded up or down as applicable. After reconciliation, the full SP on each selection is available by clicking on the relevant individual runner graph.
• If for whatever reason the site is unavailable when an event starts or the SP cannot otherwise be reconciled at the 'off’, it will determine the SP using all available information. For the avoidance of doubt this information will not be limited to betting activity on the relevant market(s). Also in these circumstances, a licensed betting operator within the group may act as risk counterparty to SP bets if necessary to ensure a fair SP. The personnel involved in determining the SP in such circumstances will have no undeclared personal or other interest in the SP in question.
• If the SP reconciliation process is undertaken prematurely (for example if a horserace is turned in-play in error), then it will endeavor to reverse the reconciliation so that the SP is determined when the event starts. There may however be circumstances in which this is not possible, in which case the SP will be based on the initial reconciliation.
• In cases where an SP reconciliation is reversed: SP bets (including SP limit bets), 'At In-play: Take SP' bets and 'At In-play: Keep' bets will all revert to their status before the reconciliation; and 'At In-play: Cancel' bets will either remain cancelled if not matched as part of the reconciliation process, or if matched as part of the reconciliation process, will revert to their unmatched status before the reconciliation.
• If the SP reconciliation process is undertaken later than scheduled (i.e. after the event has started) and determines that a material event has occurred (this will generally mean that the event is not turned in-play), the SP will be determined based solely on SP bets (and ‘At In-play: Take SP’ bets which are unmatched when suspends the relevant market), placed before the 'off'. This means that ‘At In-play: Take SP’ bets matched after the off, will be made void and not included in the reconciliation process. In addition, SP bets placed after the 'off' will be voided. However, if the SP reconciliation process is undertaken later than scheduled but determines that no material event has occurred, all bets will stand.
• If a SP 'each way' option is offered this will be processed as two separate bets: a win bet at SP and a 'to be placed' bet at SP.
• If for any reason unmatched bets are cancelled prior to a market going in-play, then any unmatched bets that have been selected to 'At In-play: Take SP' will be converted to SP bets. Once those bets are converted, they cannot be cancelled.

➢ Party against whom you are betting at SP

• When you place a bet at SP you are betting against other customers. However, during the reconciliation of the SP, it acts as counterparty in order to balance liabilities between SP bets and other Exchange bets

➢ Placing a SP bet

• Selecting the 'SP' button in the market view gives customers two different ways to request an SP bet. These are as follows:
• The first way to request a bet at SP is by leaving the 'Set SP odds limit' box unticked at the top right of the bet manager. For a back bet you are required to enter the stake you wish to bet on the selection. For a lay bet, you are required to enter the liability you are prepared to risk against the selection – in other words the amount that you are prepared to lose, should the selection win (or be placed as applicable).
• The second way to request a bet at SP is to select the 'Set SP odds limit' option. Using this you can request a bet at SP conditional upon minimum SP odds in the case of a back bet, or maximum SP odds in the case of a lay bet. If SP is shorter than the minimum price requested by a backer or is longer than the maximum price requested by a layer, then the relevant bet will lapse when the event starts. If SP is longer than the minimum price requested by a backer or is shorter than the maximum price requested by a layer, the bet will be matched at the SP. Where an SP is equal to the price limit specified by customers, those bets will be included based on the time they were submitted, on a first come, first served basis as is the existing convention for other Exchange bets. This means that such bets may be unmatched or partially matched.
• Please note that if a non-runner cannot be removed from the relevant market until after the completion of the event, the application to all bets matched at or before the "off" (including SP bets) of any reduction factor, may mean that the matched price for an SP back bet with an odds limit requested, is adjusted to a price below the lower limit requested. It may also mean that an SP lay bet request with maximum odds requested, may not be matched even though the odds on the selection, after any post-race adjustment for the late non-runner, is below the maximum odds requested.
• If an SP bet with an odds limit is requested, the minimum/maximum odds requested can be shortened in the case of a back bet or a lengthened in the case of a lay bet at any time before the event starts. However, as mentioned above, an SP bet request cannot actually be cancelled by a customer once it has been placed. Details of the impact of non-runners on the SP re provided below.

➢ Exchange bets which are unmatched at the 'off'

• A normal Exchange bet is placed by choosing the odds of your selection from the market view (as opposed to clicking on the 'SP' of your selection). When such an Exchange bet is fully or partially unmatched it can be adjusted and cancelled in the normal course. Previously, unmatched bets were automatically cancelled when a market was suspended at the 'off' of the relevant event. You can now choose to either have your unmatched Exchange bet convert to an SP bet when the market suspends at the start of the event, or to have the bet 'persist' when the event goes in-play (see the 'keep' option below).
• In order to convert your unmatched Exchange bet to an SP bet when the market suspends you should select the 'At In-Play: Take SP' option in the bet manager. If there is a non-runner in a win market with a reduction factor of at least 2.5%, or a non-runner in a place market with a reduction factor of at least 4%, it is policy to cancel unmatched lay bets on all other runners in the market. In the case of any such non-runner, instead of being cancelled a lay bet for which the 'At In-Play: Take SP' option has been selected, will automatically convert to an SP bet. After this conversion, the bet cannot be cancelled. Otherwise, unlike an SP bet, you can choose to cancel an Exchange bet once it has been placed, even if you have chosen for the bet to persist or to convert to an SP bet at the start of the event.
• If you choose to convert an unmatched Exchange lay bet to an SP bet, the liability of your Exchange lay bet will be converted into a liability for the SP bet. Your liability for that SP bet will never be more than the liability for the Exchange bet you had specified. However, the amount you can win on the SP lay bet may differ from the amount you would have won had the Exchange bet been matched, depending on the final SP.

➢ Adjustments to SP bets for non-runners

• For SP back bets, will at no point amend either the stake or the odds requested by a customer, despite any non-runners or withdrawals. However, customers who have selected the SP limit option can reduce the minimum SP odds they are prepared to accept on a selection.
• For SP lay bets on win markets, it will reduce a customer's liability based on the reduction factor(s) of any non-runner(s) and the reduction factor of the runner on which the customer's bet has been placed. This is to ensure that the balance between the backers' stakes and the layers' liability reflects the revised market after the runner has been removed. For example, if a horse with a 50% reduction factor becomes a non-runner, then another horse in the same market priced at about 5 (i.e. a reduction factor of 20%) will change to a price of about 2.5. Therefore, the liability on a £200 lay bet on that runner will need to change to a liability of about £75 to ensure that a balancing back bet will have the same £50 stake. This is done by multiplying the liability by 37.5% (i.e. 100%-(50%/ (100%-20%))).
• Where an SP lay bet in a win market has a maximum odds limit specified, this limit will be reduced by the reduction factor of any non-runner, if the non-runner has a reduction factor of at least 2.5%.
• For SP lay bets on place markets, it will still reduce a customer's liability based on the reduction factor(s) of any non-runner(s) but the calculation will be slightly different, in line with the application of place market reduction factors. The liability will be reduced by the reduction factor of the removed runner. Where the lay bet on a place market has a maximum odds limit specified, the potential winnings on the bet (i.e. the odds – 1) will be reduced by the reduction factor of the removed runner.
• Where an SP lay bet in a place market has a maximum odds limit specified this limit will be reduced by the reduction factor of any non-runner.
• SP lay bets will not be cancelled when there is a non-runner.

➢ Specific conditions for SP bets for non-runners in greyhound racing markets

• ALL SP bets will stand so long as your trap selection is not vacant or after your bet placement a reserve runner is not subsequently entered to run from your trap selection.
• ALL unmatched ‘Convert to SP’ bets will be cancelled when a reserve is added or a vacant trap removed.

11. 'Keep' bets option

• For markets that are scheduled to be turned in-play at the 'off', a customer can request that an unmatched Exchange bet should not be cancelled when the market is turned in-play. This is done by selecting the 'At In-Play: Keep' option in the bet manager (and confirming that request) and means that the unmatched bet persists when other unmatched bets are cancelled at the start of the event.
• As described above, when a non-runner is removed from a horseracing market (apart for late withdrawals as described in the next bullet point below), it is policy to cancel unmatched offers to lay all other horses in the market if the non-runner has a reduction factor of 2.5% or greater for win markets, or 4.0% or greater for place markets. In these circumstances offers to lay a horse with the 'At In-Play: Keep' option selected will not be cancelled. Instead the lay odds offered in place markets will be reduced in proportion with the reduction factors of any non-runner(s) and the same will apply in win markets providing the relevant non-runner has a reduction factor of at least 2.5%.
• When there is a late withdrawal, may not have time to remove the non-runner from the market before turning it in-play. In such cases if can determine that the late withdrawal is a material runner (i.e. a selection with a reduction factor of approx. 20% or greater in the win market), it reserves the right to cancel ALL lay 'keep' bets (in both the win and ‘to be placed’ markets) before turning the market in-play. If it does not cancel lay 'keep' bets in the case of a late withdrawal (for example, it may not be possible to know which horse is withdrawn, at the time of the off), any such bets placed before the off and matched in-play will remain at the original selected price. This means that those lay 'keep' bets will not be subject to any reduction factor which as a result of the late withdrawal, will be applied after the completion of the race to bets matched at or before the 'off'.
• Otherwise, in exceptional cases reserves the right to cancel 'keep' bets to protect customers but, unless stipulated in the market rules or the market information, the general principle is that at no point will a 'keep' bet be cancelled by unless it remains unmatched when the market is closed (for the final time) at the end of the event.
• For the avoidance of doubt this means that (for example) when a Material Event occurs in a soccer match and other unmatched bets are cancelled before the market is reopened, a keep bet will not be cancelled.

12. Rules for Tote betting

• When you place a Tote bet on the platform (for example a UK or South African Tote bet), you are betting against as counterparty to your bet. I will then strike a corresponding bet into the relevant Tote pool as applicable.
• A link to the rules which apply to Tote bets struck as counterparty is provided within each of the relevant. If there is any conflict between those rules and either: the equivalent rules available on the relevant Tote website (for example on the UK Tote website in the case of UK Tote bets); or the equivalent rules applied by the relevant host racetrack, the rules on the relevant Tote website or applied by the relevant host racetrack, will prevail.

13. Miscellaneous

• All references to time periods in the Exchange 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 is done so in good faith. However, it 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.
• It 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 It 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 It has loaded into the relevant market and to ensure that they are placing their bet on their chosen competitor.
• It reserves the right at any time in its sole and absolute discretion to suspend an Exchange market.
• It 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, it may also void certain bets in a market or void a whole market in its entirety.
• It reserves the right to amend the Exchange Rules at any time.
• It 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 BSP bets). By way of example, £3.333, will be settled as £3.33, whereas £3.335, will be settled as £3.34 (except that it will be settled as £3.33 in respect of an amount relating to winnings/losses in respect of BSP bets).
• The Exchange Rules have been prepared in various languages 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 C - Specific sports rules

1. American Football

• All markets will be settled on the result including overtime unless stated otherwise in these American Football Rules or in the Market Information (e.g. the half time/full time market) or where the market has been unconditionally determined. If the game results in a tie after overtime all bets on the outright match winner market will be void.
• If a match does not start on the scheduled starting date and is not completed within three days of the scheduled completion date, all bets will be void except for those on markets which have been unconditionally determined.
• If a match starts but is later abandoned or postponed, then within three days of the scheduled start date:(a) at least 55 minutes of play must have elapsed; or (b) an official result must be 'called' by the relevant governing body; otherwise all bets will be void, except for those on markets which have been unconditionally determined. In those instances, if the scores are tied then all bets on the outright match winner market will be void.
• For 'Individual player' markets, bets shall be void on any player who does not start in any down during the match.

2. Athletics

• Where there is a presentation ceremony, markets will be settled on the official result of the relevant governing body at the time of the ceremony, regardless of any subsequent disqualification or amendment to the result.
• If there is no presentation ceremony, outcomes will be determined in accordance with 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).
• Unless stated otherwise in the Market Information, if a track or field event is abandoned, cancelled or postponed and not completed within 7 days of the scheduled completion date, all bets will be void except for those on markets which have been unconditionally determined.

3. Australian Rules Football

• Bets apply to regular time excluding overtime. However, bets on "Finals" matches apply to regular time including overtime except for those on markets which have been unconditionally determined or as stated otherwise in the Market Information (e.g. half-time/full-time markets). If the game results in a tie, dead-heat rules apply to bets on the match odds market.
• If a match does not start on the scheduled starting date and is not completed within three days of the scheduled start date, all bets will be void except for those on markets which have been unconditionally determined.
• If a match starts but is abandoned or postponed before half-time and not completed within three days of the scheduled start date then the match shall be deemed to be a tie and settled on dead-heat rules. If a match starts but is abandoned or postponed in the second half and not completed within three days of the scheduled start date then the match shall be settled on the official result of the relevant governing body. In both instances, bets on the match odds market will be settled as set out above and all other bets will be void except for those on markets which have been unconditionally determined.
• All bets relating to any individual player will stand if they are listed in any 22-player squad on the match day, irrespective of whether they take any part in the match or not.

4. Baseball

• These Baseball Rules apply to Major League Baseball (MLB), World Baseball Classic and Japanese Baseball only. All other baseball, including Finnish Baseball for example, will be governed by the rules set out in the General Rules and the Market Information.
• If a match does not start on the scheduled starting date, all bets will be void.
• If an MLB match starts but is later abandoned or postponed and an official result is not declared within three days of the scheduled start date, all bets will be void, except for those on markets which have been unconditionally determined.
• If a Japanese Baseball match starts but is later abandoned or postponed and the match is not completed within three days of the scheduled start date, all bets will be void except for those on markets which have been unconditionally determined.
• All bets will include extra innings, unless otherwise stated in the Market Information.
• All bets on 'Total runs' or 'Run line' markets will be void unless there have been at least 9 innings completed (8 1/2 if the home team is ahead) except those on market which have been unconditionally determined.
• In "Listed" markets, bets will be void unless both named pitchers listed in the market start as pitchers in the first fielding innings for their respective teams.

5. Basketball

• Bets will be settled on the result including overtime unless stated otherwise in the Market Information or where the market has been unconditionally determined or as set out in these Basketball rules.
• If a match does not start on the scheduled start date then all bets will be void.
• If a match starts but is later abandoned or postponed then, within three days of the scheduled start date, (a) at least 43 minutes of play must have elapsed in any NBA match or 35 minutes of play must have elapsed in any other match; or (b) an official result must be 'called' by the relevant governing body; otherwise all bets will be void, except for those on markets which have been unconditionally determined. In these instances, if the scores are tied then dead heat rules will apply to bets on the outright match winner market.

6. Boxing and Mixed Martial Arts

• All individual bout markets will be settled according to the official result of the relevant governing body immediately after the end of the fight, 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 tallying the points or in order to correct an error in reporting the result).
• If a fight is abandoned, cancelled or postponed and not completed within three days of the scheduled start date, or a boxer is withdrawn or substituted before the first-round bell, 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.
• If one of the boxers is disqualified they will be deemed a loser.
• If the scheduled duration of the fight is altered in time or number of rounds after the loading of the relevant markets, then all bets will be void.
• If the scheduled venue is changed after the market has been loaded so that the new venue is changed to a venue in a different country then all bets will be void. For all other changes to the scheduled venue bets will stand.
• In mixed martial arts, if a fight is declared a 'no contest', a draw or a technical draw then all bets will be void.

7. Cricket

➢ General

• If a ball is not bowled during a competition, series or match then all bets will be void except for those on any market that has been unconditionally determined (e.g. in the 'Completed Match' market).
• If a match is shortened by weather, all bets will be settled according to the official result (including for limited overs matches, the result determined by the Duckworth Lewis method).
• In the event of a match being decided by a bowl-off or toss of the coin, all bets will be void except for those on markets that have been unconditionally determined.

➢ Test matches

• If a match starts but is later abandoned for any reason other than weather (which may include but is not limited to: dangerous or unplayable wicket or outfield; pitch vandalism; strike or boycott; crowd protests/violence; stadium damage; acts of terrorism; and acts of God), It reserves the right to void all bets, except for those on markets that have been unconditionally determined.
• If the match is not scheduled to be completed within five days after the original 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.

➢ Limited Over matches

• If a match is declared "No Result'', bets will be void on all markets for the event except for those markets which have been unconditionally determined or where the minimum number of overs have been bowled as laid out in the market specific information.
• In the event of a new toss taking place on a scheduled reserve day for a limited over 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 rule relates to all markets except those that have been unconditionally determined (e.g. in the win the toss and toss combination markets).

8. Cycling

• Where there is a presentation ceremony, markets will be settled on the official result of the relevant governing body at the time of the ceremony, regardless of any subsequent disqualification or amendment to the result.
• If there is no presentation ceremony, outcomes will be determined in accordance with 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).

9. Darts

• If a match is not completed for any reason then bets on the match odds market will be void.
• If a match is not completed for any reason then bets on 'any correct score' or 'next leg/game/set' market will be void unless the market has been unconditionally determined.
• If a match is not completed for any reason then bets on any handicap market will be void unless the market has been unconditionally determined.

10. Financial markets

➢ Indices

• Intraday, Midday and PM markets will be settled on the first Bloomberg price stamp past the market closure time regardless of any subsequent 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).
• All Daily markets, weekly markets and end of day Intraday markets will be settled on the official close price following any relevant auction period regardless of any subsequent 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).

➢ Equities

• All equity markets will be settled on the official close price given by Bloomberg regardless of any subsequent 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).
• Should a share split be announced, the market will be determined by the net change in value of the new share price at the close of the day’s trading.

➢ Interest Rates

• Interest rate markets will be settled once the result is regardless of any subsequent 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).

11. House Price

• For settlement purposes, the Standardized Average Price (seasonally adjusted) provided by HBOS will be used and markets will be settled once the result is regardless of any subsequent 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).
• It will only use prices provided by HBOS. If the HBOS figures are discontinued or not available for any relevant period then all bets will be void unless stated otherwise in the Market Information.
• All Quarterly markets may be incomplete markets and therefore additional "runners" may be added at any time to reflect the movements in house prices.

➢ Currency markets

• All Currency markets will be settled using the first Spot price given by Bloomberg past the market closure time regardless of any subsequent 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).

12. Golf

➢ General

• Tournament bets will only be settled if the minimum number of holes stipulated in the Market Information has been completed.
• Where there is a presentation ceremony, markets will be settled on the official result of the relevant governing body at the time of the ceremony, regardless of any subsequent disqualification or amendment to the result.
• If there is no presentation ceremony, outcomes will be determined in accordance with 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).
• If a player does not start a tournament then all bets on that player will be void.
• Any player starting a tournament but withdrawing or being disqualified before the end of the tournament will be settled as a loser.
• If a tournament is shortened and settles the tournament markets then all bets matched after the last completed round will be void.
• In any 'to qualify' market for any tournament the winners are the number of golfers that qualify for the tournament under the terms set out in the Market Information, whether they compete in the tournament or not. Markets will be settled after the qualifying stage and any subsequent disqualification or amendment to results will not count.
• If a Tournament/Round is restarted from the beginning, all bets placed after the official off time will be void, except on markets which have been unconditionally determined, which will stand. Bets on 2 or 3 balls will only be void if matched after the tee time of the relevant 2 or 3 balls.
• If it does not suspend a tournament market and cancel unmatched bets at the time stated in the market rules but the market is turned in-play at a later time, all bets matched between the start of a day’s play and the time the market is turned in-play will be void.

➢ Tournament match betting (i.e. 72-hole match bets)

• If a player withdraws without playing a stroke all bets on the relevant market will be void.
• If all players fail to complete a particular round for any reason the winner is the player with the lowest total score after the previous round.
• If a player is disqualified or withdraws during any round they will be settled as a loser providing at least one other player completes that round.
• Should all players fail to complete the first round then all bets will be void.

➢ Round betting markets (e.g. 2 balls, 3 balls etc.)

• If a player withdraws without playing a stroke in that round all bets on the relevant market will be void.
• If one player fails to complete a round for any reason other than a withdrawal or disqualification then all bets will be void except for those on markets which have been unconditionally determined.
• Any player withdrawing or being disqualified having played a stroke in that round will be settled as a loser providing at least one other player completes that round.
• Should all players fail to complete the round then all bets will be void.

➢ Stroke play hole-by-hole markets (i.e. performance of a named player on a given hole)

• Should a hole not be completed for any reason all bets on that hole will be void unless the market has been unconditionally determined.
• Markets are settled on completion of the hole and any subsequent penalties or disqualification will not be taken into account.

➢ Match play hole-by-hole markets (i.e. performance of players against each other on a given hole)

• With the exception of a player or team conceding a hole (where they are deemed a loser), if a hole is not completed by any player or team (other than for withdrawal or disqualification) all bets on that hole will be void unless the market has been unconditionally determined.
• Any player or team withdrawing or being disqualified having played a stroke on that hole will be settled as a loser providing at least one other player completes that hole.
• If any player or team does not play a stroke on a hole all bets will be void.
• Markets are settled on completion of the hole and any subsequent penalties or disqualification will not be taken into account.

13. Greyhound racing

➢ General

• All bets (excluding those struck on ante-post and Australian licensed markets) are placed on trap numbers. Greyhound names are displayed for information purposes only.
• Markets will be determined according to the official result at the time the track gives the result green light status, either in the form of an announcement or by display. Subsequent disqualifications, appeals or amendments to the result will be disregarded.
• If a non-runner or reserve runner is declared, then all bets prior to the update of the market on It will be void and all unmatched bets including ‘Take SP’ and ‘keep’ bets will be cancelled (except for certain SP bets as set out in Paragraph 10.5 of Part B above).
• If there are no finishers in any race or any race is declared void before the official result is declared then all bets will be void.
• If the scheduled venue is changed after the market has been loaded by It, all bets will be void.
• In ante-post markets, all bets on individual greyhounds stand whether the greyhound runs or not. All ante-post bets will be void if the competition is abandoned or the venue is changed.

➢ Trap Challenge

• Bets on 'Trap challenge' markets are based on which trap results in the most winners during a race meeting, unless stated otherwise in the Market Information.
• These markets are unaffected by any changes due to non-runners or reserve runners.
• If a race results in a dead heat each trap will receive a half-win, with a 3-way dead heat giving a one third-win, and so on.
• Standard dead heat rules apply if two or more traps have an equal number of winners at the end of both meetings.
• If a whole meeting is abandoned all bets are void. However, if at least one race has been completed then bets on these markets will stand.

➢ Multi-trap or Multiplied Trap Numbers

• 'Multi-trap' or 'multiplied trap numbers' bets are on the cumulative sum of the winning trap multiplied by the second trap for each race during a race meeting, unless stated otherwise in the Market Information. If the cumulative sum is not a round number then that sum shall be rounded up to give the applicable cumulative sum.
• These markets are unaffected by any changes due to non-runners or reserve runners.
• If a race is cancelled, void or abandoned or if there is only one finisher in a race, an eight runner-greyhound races will be allocated 20 points and all other races will be allocated 12 points.
• If a whole meeting is abandoned all bets are void however if at least one race has been completed then bets on these markets will stand with the remaining races allocated 20 points for eight runner greyhound races and 12 points for all other races.
• Re-run races will be treated as cancelled races.
• If there is a dead heat for the winner between two greyhounds then to calculate the applicable multi-trap number for that race the trap numbers for the greyhounds involved in the dead heat will be multiplied by each other to give the applicable multi-trap number.
• If there is a dead heat for the winner between three or more greyhounds then to calculate the applicable multi-trap number for that race the trap numbers for the greyhounds involved in the dead heat will be added up and divided by the number of greyhounds involved in the dead heat and the resulting number will be multiplied by itself to give the applicable multi-trap number (even if not a round number). By way of example: traps 1, 3 and 6 dead heat for first. Add these numbers up gives 10; divide this number by the number of greyhounds in the dead heat (3) which gives a resulting number of 3.33; multiply 3.33 by itself to give 11.11.
• If there is a dead heat for the runner up between two or more greyhounds then to calculate the applicable multi-trap number for that race the trap numbers for the greyhounds involved in the dead heat will be added up and divided by the number of greyhounds involved in the dead heat and the resulting number will be multiplied by the number of the winner to give the applicable multi-trap number (even if not a round number). By way of example: trap 1 wins and traps 3 and 6 dead heat for second. Adding the numbers of the dead heating runners up gives 9; divide this number by the number of greyhounds in the dead heat (2) which gives a resulting number of 4.5; multiple 4.5 by the winning number (1) to give 4.5.

➢ Winning Distances

• 'Winning distances' bets are on the sum of the winning distances for all races during a race meeting, unless otherwise stated in the Market Information.
• The maximum winning distance in any race is 10 lengths.
• If there is only one finisher in any race the winning distance will be deemed to be 10 lengths.
• If a race is cancelled, void or abandoned the winning distance will be deemed to be 2 lengths.
• Re-run races will be treated as cancelled races.
• For distances below half a length, the following scale will be applied: Short-head 0.1; Head 0.2; Neck 0.3.
• The sum of all the winning distances will be rounded to the nearest whole number at the end of the meeting (rounded up, if half) and bets will be settled on this result.
• If a whole meeting is abandoned all bets are void. However, if at least one race has been completed then the remaining races are allocated 2 lengths each and bets will stand.

➢ Match Bets

• 'Match Bets' for a race are determined by the greyhound with the highest finishing position in that race. If neither greyhound finishes the race bets are void. If only one of the greyhounds finishes the race, that greyhound will be deemed the winner. If a non-runner or reserve runner is declared then all bets will be void.
• 'Match Bets' for progress in a competition are determined by the greyhound which qualifies to the furthest round (whether it runs in the further round or not). If the greyhounds concerned fail to qualify in the same round of the competition then the market will be settled as a dead heat, irrespective of their finishing positions in their individual heats.

➢ Reverse Forecasts

• 'Reverse Forecast' markets are determined by those greyhounds placed first and second in a race.
• If a dead heat affects the reverse forecast then dead heat rules apply.

➢ Place markets

• The number of winners in 'to be placed' markets is as set out in the Market Information and is determined with reference to the number of runners when the market is loaded.
• Once opened, the number of winners in 'to be placed' markets (as set out in the Market Information) will not be affected by further non-runners. If the number of potential winners is equal to or is greater than the number of runners, all bets in this market will be void.

➢ To Reach the Final and To Qualify markets

• 'Reach the Final' markets shall be determined by the first six greyhounds who qualify from the Semi Finals of the competition and be settled as such regardless of whether they go on to run in the final or not.
• 'To qualify' markets shall be determined by the greyhounds that qualify in the relevant heats irrespective of whether they run in the next round or not.
• The 'reach the final' or 'to qualify' markets will be settled after the qualifying stages and any subsequent disqualification or amendment to results will not count.

➢ Ante-post

• If a greyhound listed in an ante-post market dies, it will use the available information to determine the time of the greyhound's death. It will then, acting reasonably, determine whether the greyhound was a 'material runner' in the market. In determining whether a greyhound is a material runner, it will look at the general price of the greyhound immediately before the greyhound's death, in the market and in the wider betting market. Broadly, it will consider a greyhound to be a material runner if it is deemed to have an approximate chance of winning of 8-10 per cent or better.
• If It determines that the greyhound was a 'material runner', then all bets struck in the market (on all selections) between the time of death and the suspension of the market will be void and all unmatched bets will be cancelled before the market is reopened.
• If It determines that the greyhound was not a 'material runner', then just bets struck on the greyhound in question between the time of death and the suspension of the market will be void and unmatched bets will not be cancelled before the market is reopened.
• Bets matched on greyhounds after they have forfeited their entry at a particular entry stage or where they have not qualified by the applicable qualifying date will be voided unless the race in question has a subsequent supplementary entry stage.
• Where an event is postponed or rescheduled to another day at the same venue then ante-post bets will stand unless entries are reopened in which case all bets will be void.

➢ Australian Specific Non-Runner Rules

• Notwithstanding any of the above, the following rules apply to declared non-runners in Australian greyhound markets.
• If a greyhound becomes a notified non-runner after the market is loaded but prior to the commencement of the race it will be removed and all bets on the market, matched prior to the update of the market will be voided.
• If, following the completion of a race, the stewards declare a greyhound a non-runner, it will resettle the market and will void all bets that were placed on that runner only. It will then apply a reduction factor to all bets placed on the winner (or place getters in the case of place markets) based on that runner’s weighted average price.

14. Horseracing

➢ General

• All individual race markets will be determined according to the official result at the time of the 'weigh-in' announcement (or equivalent). Subsequent disqualifications, appeals or amendments to the result will be disregarded.
• If a race is abandoned or otherwise declared void, or in the event of a walkover, all bets on that race will be void.
• If the scheduled venue is changed after the market has been loaded, all bets will be void.
• Where a race does not take part on its scheduled day, all bets will be void.
• If a scheduled surface type is changed (e.g. turf to dirt) all bets will stand.
• Horseracing Exchange Multiples are based on ‘day of the race’ markets (and not ante-post markets). Horseracing ante-post rules do not therefore apply in relation to horseracing Exchange Multiples.

➢ Ante-post

• Subject to the points below, in ante-post markets, all bets on an individual horse stand whether the horse runs or not.
• For GB and Irish racing: if a horse is balloted out, all bets on that horse will be void.
• If a horse listed in an ante-post market dies, it will use the available information to determine the time of the horse's death. It will be acting reasonably, determine whether the horse was a 'material runner' in the market. It will undertake a similar determination in cases where it is advised through official channels that a runner has been formally scratched from an ante-post race. In determining whether a horse is a material runner, it will consider the general price of the horse immediately before the horse's death (or immediately before being advised it has been scratched), in the market and in the wider betting market. Broadly, it will consider a horse to be a material runner if it is deemed to have an approximate chance of winning of 8-10 per cent or better.
• If it determines that the horse was a 'material runner', then all bets struck in the market (on all selections) between the time of death (or the time that the formal scratching notification was created) and the suspension of the market will be void and all unmatched bets will be cancelled before the market is reopened.
• If it determines that the horse was not a 'material runner', then just bets struck on the horse in question between the time of death (or the time that the formal scratching notification was created) and the suspension of the market will be void and unmatched bets will not be cancelled before the market is reopened.
• Bets matched on horses after they have forfeited their entry at a particular entry stage or where they have not qualified by the applicable qualifying date will be voided unless the race in question has a subsequent supplementary entry stage.
• Please be aware that runners who have not been entered at the various entry stages may be removed from relevant race markets and all matched customer bet prices set to 1.0 even if there are later supplementary stages. Should it appear likely that a specific runner may actually be supplemented into the race this runner will be reinstated with all matched customer bets set back to the original prices.
• No Non-Runner Rule' reductions are made to ante-post bets.
• All relevant bets will be void where an event is: abandoned and not rescheduled; or postponed and rescheduled to another venue; or postponed and rescheduled to another day at the same venue with entries for the race being reopened or reverting back to a previous entry or declaration stage provided any additional horses are entered or re-entered and such entries or declarations are considered, in absolute discretion, material to the betting on the race. For the avoidance of doubt, where a race is postponed and rescheduled to another day at the same venue, relevant bets will stand where entries/declarations at the time of postponement remain unaltered or include any non-material addition(s) prior to the rescheduled race.

➢ Place Terms for Exchange markets

• The number of winners in 'to be placed' markets is as set out in the Market Information and is determined with reference to the number of runners when the market is loaded.
• Once opened, the number of winners in 'to be placed' markets will not be affected by further non-runners.
• If the number of winners stated in the Market Information is equal to or is greater than the number of runners, all bets in this market will be void.
• If the number of placed horses is less than the number of potential winners listed in the Market Information, the winners will only be the placed horse or horses.

➢ EW markets

• The place portion of any "Each Way" bet will be settled according to the number of 'places' and at the fraction of the win portion profit stated in the market information.
• For example: “EW Terms: 1/5th odds, 3 places”. That “1/5th” is applied to the traditional or fractional odds, which are 1 less than decimal odds, so the calculation of the Place odds corresponding to Win odds of 8.0 in this market is ((8.0 – 1) / 5) + 1 = 2.4.
• Once opened, the number of places in 'EW” markets will not be affected by further non-runners unless the number of ‘places’ which are offered on the ‘Each Way’ market is equal to or exceeds the number of runners in which case, the place portion of any EW bet will be voided at settlement.

➢ Winning Distance Bets

• Unless stated otherwise in the Market Information, 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. However, if either the first or second horse past the post is disqualified because: (i) of an incorrect weight carried; (ii) they have taken the wrong course; (iii) the jockey of either horse fails to weigh in, or weighs in light after the race; then in each case the winning distance shall be that between the first and second horse under the official result.
• 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 (which includes National Hunt Flat Races) and these distances will be applied where only one horse finishes a race. 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 will be void, unless the entire market has been unconditionally determined.
• 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 default distances are 2 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

➢ Non-Runner Rule

• Non-runner rule relates to the adjustment of odds on bets already matched when a horse in a race is declared a non-runner. In order to make the adjustment applies a reduction factor to the remaining runners. The reduction factor allocated to a non-runner is a calculation (the details of which are described below) of that horse's chances of winning (or being placed, etc. as appropriate) and is applied to bets already matched on the other runners in the relevant market or markets.
• Any horse listed when the relevant market is loaded which does not subsequently come under starter's orders is deemed to be a non-runner.
• When the market is loaded each horse is given a 'reduction factor', based on a forecast price, which is expressed as a percentage. These reduction factors may be updated periodically at the discretion based on trading in the market, but after approximately 15 minutes (approximately 5 minutes for Australian and US markets) from the scheduled 'off' time of a given race, they will be updated only in exceptional circumstances.
• Reductions will be made to both win and place markets but applied differently (as described below), and horses will have a different reduction factor for each market.
• As soon as becomes aware that a horse is an official non-runner or a highly likely non-runner, following a statement to the press from connections, the following will happen:
• 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 traded price 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 offers to lay will be cancelled. If the non-runner's reduction factor is less than 2.5%, reductions will not be applied and unmatched bets will not be cancelled.
• In the place market, the reduction factor of all non-runners will be applied (even if less than 2.5%) and the potential winnings in relation to 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-runner's reduction factor is 4.0% or greater will all the unmatched offers to lay be cancelled.
• All the reduction factors on the remaining horses will be adjusted to reflect their improved chance of winning.
• Reduction factors are not applied to bets which are struck in-play. However, if a market is turned in-play prematurely by error (or, for example, there is a false start), all bets matched during this time will be subject to any later reduction factor, provided the market is turned out of play before the race commences. In the event of a late withdrawal, it reserves the right to remove the runner after completion of the race. In this case only those bets matched prior to the off will be affected by a reduction factor.
• In the event of a non-runner being removed from a race in error or following incorrect information regarding a runner’s participation, it will reinstate both the runner and all previously matched bets associated with that runner. All bets made between the time of withdrawal and reinstatement will be void in both the place market and the win market. The reduction factor applied to matched bets at the time of withdrawal will be reversed and the original prices will become valid.
• Any non-runners will be removed from the relevant markets in the order in which they are brought to attention. If It becomes aware of more than one non-runner at the same time, it will remove the non-runners from the relevant markets in race card order.
• If a runner is not included in a market because of an error or because of incorrect information regarding a runner’s participation, It reserve the right to introduce the missing runner into the market at any time prior to settlement (even after the race has been run), provided that It has determined that the missing runner is not a material runner (i.e. a selection with a reduction factor of approx. 2.5% or less in the win market). In such circumstances, all pre-play unmatched and matched bets will stand, however if the runner is not introduced before the start of the race, all in-play bets will be void. However, if the missing runner is deemed to be a material runner, then the malformed market will be void and a new market will be loaded where possible.

➢ How the Reductions are applied for Exchange markets

• In the win market, reductions will be made on the traded price.
• For example: if the non-runner's final reduction factor is 25% the traded price on all previously matched bets on other horses will be reduced by 25% - traded price of 8.0 would become 6.0 etc. And these might be further reduced if another horse is subsequently declared a non-runner.
• In the EW Market, reductions will be made on the traded win price. The advertised place terms will then apply to the revised win prices.
• For example: if the non-runner's final reduction factor is 25% the traded price on all previously matched bets on other horses will be reduced by 25% - - traded price of 8.0 would become 6.0. If each Way terms were 1/5th odds for 3 places, the corresponding price for the Place portion of the bet would reduce from 2.4 to 2.0.
• In the place market, reductions will be made to the potential winnings on the bet only, and not the traded price.
• For example: if the non-runner's final reduction factor is 25% the potential winnings on all previously matched bets on the other horses will be reduced by 25% - a traded price of 8.0 would become 6.25. For example, a £10 bet on a horse to be placed at a traded price of 8.0 would provide winnings of £70. If there is a non-runner with a reduction factor of 25% in the race, that factor will be applied to the £70 of potential winnings leaving potential winnings of £52.50. Therefore, the revised traded price will be 6.25.
• The traded price may be further reduced if any other horse(s) is subsequently declared a non-runner, however odds cannot be reduced below 1.01.
• Reserves: A reserve runner may appear in the relevant markets but will have a non-applicable reduction factor until It has received confirmation that it is a confirmed runner, in which case an applicable reduction factor may apply to it.
• For the avoidance of doubt, any reduction factor applicable to a non-runner replaced by a reserve, will be applied to all bets struck on the relevant markets, prior to the removal from those markets of such non-runner. Likewise, should a reserve runner become a confirmed runner but subsequently become a non-runner, any reduction factor applicable to such non-runner will be applied to all bets struck on the relevant markets, prior to the removal from those markets of such non-runner.

➢ Additional rules

• Card numbers are posted as a guide only: bets are placed on a named horse.
• Horses will not be coupled.
• Where any horse(s) runs for purse money only it is deemed a non-runner for betting purposes. Should this result in the number of possible winners stated in the relevant Market Information being equal to or greater than the number of runners in the relevant market, all bets in the market will be void.

15. Ice Hockey

• All bets on "Regular Time" markets will be settled on the result at the end of regular time, excluding overtime. All bets on " Moneyline " markets will be settled at the result at the end of regular time including "overtime and any shootouts that may be played".
• 'Puck Line' markets (i.e. handicap markets for NHL (National Hockey League) matches) will be settled on the final result including any overtime and any shootouts that may be played. All 'handicap' markets on other matches will be settled on the result at the end of regular time, excluding overtime.
• If a match does not start on the scheduled start date and is not completed within three days of the scheduled start date, all bets will be void except for those on markets which have been unconditionally determined.
• If a match starts but is later abandoned or postponed then, within three days of the scheduled start date, (a) at least 55 minutes of play must have elapsed in any match; or (b) an official result must be 'called' by the relevant governing body; otherwise all bets will be void, except for those which have been unconditionally determined. In these instances, if the scores are tied then for " Moneyline " matches (where no tie is offered) dead heat rules will apply to bets on the outright match winner market.

16. Rowing

• If a crew or individual starts a race but does not complete it then they will be deemed a loser providing at least one other crew or individual completes the race. If no crew or individual completes a race then all bets will be void.
• If a regatta is cancelled for any reason, all bets will be void, except those on markets which have been unconditionally determined.
• Where there is a presentation ceremony, markets will be settled on the official result of the relevant governing body at the time of the ceremony, regardless of any subsequent disqualification or amendment to the result.
• If there is no presentation ceremony, outcomes will be determined in accordance with 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).

17. Rugby Union and Rugby League

• 'Tournament points' and 'tournament tries' bets will apply to all playing time, including any extra-time in any match where an official result is declared.
• 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 stoppage-time. If no try is scored, or the try is scored in second half stoppage-time or extra-time, the result is 80.
• For the purpose of markets involving tries, penalty tries will count with the exception of 'first individual try scorer' markets where penalty tries will not count.
• If a match starts but is abandoned before its completion, all bets will be void unless an official result is declared by the applicable governing body. Where an official result has been declared by the official governing body, that official result will govern match and handicap market settlement but all other markets will be void unless their result has already been determined at the point of abandonment (i.e. at the point of abandonment, it would not have been possible for the outcome of the bet to change had the match continued to its natural conclusion). By way of example, if 37 points have been scored at the time a match is abandoned: (i) a bet placed on 35 points or more to be scored would be settled as a winning bet, (ii) a bet placed on 30-35 points to be scored would be settled as a losing bet and (iii) a bet placed on 40-45 points to be scored would be void. In such circumstances, bets on last try scorer / team to score last / team to score last try / last scoring play would all be void.

18. Snooker and Pool

• In the event of a match starting but not being completed, the player progressing to the next round will be deemed the winner (or in the case of the final the player declared the winner).
• If a match is not completed for any reason then bets on 'any correct score' or 'next frame' market will be void.
• If a match is not completed for any reason, bets on any handicap market will be void unless the market has been unconditionally determined.

19. Soccer

• If it does not suspend a market on time for the occurrence of a Material Event, it reserves the right to void bets unfairly matched after the Material Event has occurred. Voiding of these bets may take place during the event or retrospectively once a game is completed.
• If a match has not started (or believes that a match will not have started) by 23:59 (local time) on its scheduled start date, then all bets will be void unless it has knowledge that the match has been rescheduled to be played within three days of its original start date.
• If a match starts but is later abandoned or postponed and believes that the match will not have been completed by 23:59 (local time) on its scheduled start date, then all markets, with the exception of any unconditionally determined markets, will be void unless it has knowledge that the match has been rescheduled to be played within three days of its original start date. If it does have knowledge that the game will be played within three days and the game is played within three days, then all bets will stand except if the match is restarted from the beginning. If the match is restarted from the beginning then all bets matched before the market went in-play will stand, but any bets placed in-play will be void, except for any bets placed in-play on markets which have been unconditionally determined, which will stand.
• For Friendly matches, all bets apply to the full duration of play according to the match officials, plus any stoppage time. If a friendly match starts but is later abandoned or postponed and is not completed (i.e. the full duration of play according to match officials, plus any stoppage time) within three days of the scheduled start date, all bets will be void except for those on markets which have been unconditionally determined. In the case of ambiguity over the official result from match officials, the outcome will be determined (acting reasonably) using information from independent sources.
• If an official fixture lists different team details to those listed (for example, the team name, reserves, age group, gender, etc.), then all bets matched on the affected markets will be void. In all other cases, bets will stand (including instances where a team name is listed without specifying the term 'XI' in the name). If an official fixture is shown on the website under an incorrect competition name, then it reserves the right to void all bets matched on the affected markets.
• If a team is relegated from a league because, at the end of a season, it has finished within the relegation positions which are relevant to that league (i.e. usually any of the bottom three league positions), bets on that team to be relegated will be settled as winning bets. If a team is otherwise disqualified, thrown out or removed from a league (i.e. in circumstances other than those where it has finished the season within the relevant relegation positions): (i) if such team is disqualified, thrown out or removed from the league before the relevant season has started, all bets on the affected market will be void (and a new market will subsequently be loaded) and (ii) if such team is disqualified, thrown out or removed from the league after the relevant season has started (or a determination is made by the applicable governing body, during the season, that the team will be thrown out or removed from the league following the season’s conclusion), all bets on the affected team will be void. For the avoidance of doubt, if a points deduction is imposed on a team such that it finishes the season within the relegation places which are relevant to the applicable league, bets on that team to be relegated will be settled as winning bets.
• The relevant season will be deemed to have started once the first league game has been played. For the purposes of this rule, markets relating to individual matches will not be deemed to be "affected markets".
• 'Shirt numbers' bets will refer to the shirt number allocated at the start of the match. '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 (i.e. "First Goal Odds" markets), the first half is deemed to last 45 minutes, regardless of stoppage time. Also for these markets, please note that the "0 - 10 Minutes" selection covers the first 10 minutes of the match. In other words, it runs from 0:00 until just before the clock hits 10:00. The "11 – 20 Minutes" selection runs from 10:00 until just before the clock hits 20:00. The same principle applies to each of the other selections in this market.
• For 'top goal scorer' markets only the goals scored in the league or competition stated in the Market Information count. For example, if a player joins a club mid-season any goals scored in a different league will not count, however goals scored for a different club in the same league will count. Own goals will not count.
• In markets which relate to the number of incidents to occur, such as 'number of corners', these will be determined on the basis of the number taken, rather than awarded.
• For markets that relate to the number of bookings given, the number of corners taken, any goal scorer or the time of a particular goal, the result will be determined (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 it shall (acting reasonably) determine either: (i) whether the market should be reinstated or resettled in light of this new information; or (ii) to wait for further information before deciding whether to reinstate or resettle the market. Except it 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 (regardless of whether or not such information may have led to a different result).

20. Swimming

• Where there is a presentation ceremony, markets will be settled on the official result of the relevant governing body at the time of the ceremony, regardless of any subsequent disqualification or amendment to the result.
• If there is no presentation ceremony, outcomes will be determined in accordance with 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)

21. Tennis

• If a player or pairing retires or is disqualified in any match, the player or pairing progressing to the next round (or winning the tournament in the case of a final) will be deemed the winner. However, if less than one set has been completed at the time of the retirement or disqualification then all bets relating to that 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, except for those on markets which have been unconditionally determined.
• All bets will stand regardless of changes to scheduled venues, including any changes to a different type of surface.
• If the scheduled duration of a match is reduced or increased in the number of games/sets required to win, all bets will be void except for those on markets which have been unconditionally determined. Please note that this does not apply to ‘Match Odds’ or ‘Set Winner’ markets on Davis Cup matches or ‘dead rubber’ matches that have been shortened from five sets to three sets after the market has been loaded, provided that the match has been shortened in accordance with the competition’s rules.
• Where markets are offered on individual games or sets within a match, a retirement or disqualification during a game or set will render bets on that game or set market and all individual game or set markets void except those on markets which have been unconditionally determined.

22. Winter sports (which may include, amongst others, Alpine Skiing, Biathlon, Cross-Country Skiing and Ski-Jumping)

• Where there is a presentation ceremony, markets will be settled on the official result of the relevant governing body at the time of the ceremony, regardless of any subsequent disqualification or amendment to the result.
• If there is no presentation ceremony, outcomes will be determined in accordance with 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).
• Unless stated otherwise in the Market Information, if an event is abandoned, postponed or cancelled, all bets will be void unless (a) the event is completed at the same venue within 7 days of the official scheduled completion date; or (b) a result is 'called' by the relevant governing body.
• The General Rules will apply for 'match bets'. However, in respect of "Nordic Combined" if all competitors involved in the match bet do not start both sections of the event (ski jumping and cross country) then bets will be void.

General Introduction, definitions and stipulations

1. LC Exchanges

2. The “ LC Exchanges Rules” are the terms and conditions constituting the complete, final and exclusive agreement between the Account Holder (“you”) and LC Exchanges, and governing the contractual relationship between LC Exchanges and the Account Holder. The LC Exchanges Rules supersede and merge all prior agreements, representations and understandings between the Account Holder and LC Exchanges. By opening a LC Exchanges Account, registering, logging-in, using the Services, participating in the games, or accepting any Prize, a visitor or an Account Holder fully understands and agrees:

1. to become a party to the LC Exchanges Rules,
2. that he/she has read, understood and will be adhering to these Terms and Conditions, and
3. that he/she shall abide by all its terms.

LC Exchanges may update, amend, edit and supplement the LC Exchanges Rules at any time. Any substantial amendment to the LC Exchanges Rules shall be notified in advance by LC Exchanges to the Account Holder, before coming into effect and will require your consent. If you do not agree with the amendment(s) to the LC Exchanges rules, you will not be permitted to continue using the Services.

All references in the LC Exchanges Rules to the singular shall include the plural and vice versa. All references to “the” shall include “a/an” and vice versa.

3. An “Account Holder” is an individual having a contractual relationship with LC Exchanges by creating a LC Exchanges Account on the Website.

4. A “ LC Exchanges Account” is an account held by an Account Holder, for bona fide transactions, with a strict aim to establish a normal commercial relationship with LC Exchanges and with the strict purpose of conducting betting and other gaming and gambling transactions.

5. The “Contract” is the contractual relationship between LC Exchanges and an Account Holder and shall be constituted under and governed by the LC Exchanges Rules, i.e. the “Terms and Conditions”.

6. The “Governing Authorities” are the relevant authorities for Curacao.

7. The “Governing Law” is the law of Curacao.

• 7.1. The “Place of the Contract” is Curacao.
• 7.2. The “Regulator” is the Curacao Gaming Authority (Gaming Services Provider N.V), which is a regulatory authority established by Curacao law to govern all forms of gaming in Curacao. For more information, please go to “https://www.curacao-egaming.com/
• 7.3. The “Website” is the internet gateway accessible through the internet address www. LC Exchanges.com where all current and relevant information regarding LC Exchanges’s operations is published, and through which the Services are provided to the Account Holders.
• 7.4. The “Services” are the gaming and betting offers provided by LC Exchanges to the Account Holder through the Website.
• 7.5. The “Gaming and Betting Duty” refers to the special tax applicable on gaming and betting in Curacao.
• 7.6. A “Card” refers to all types of cards with a function of “payment”, “charge”, “debit”, “credit”, “virtual” and/or similar.
• 7.7. A “Payment Solution Provider” is an intermediary acting as a payment agent for various different payment methods.
• 7.8. A Financial Institution” is a bank and/or other institution regulated by an applicable domestic financial services Act or similar.
• 7.9. “Force Majeure” refers to any occurrence or condition beyond one’s reasonable control which leads to a delay or default in the performance of the affected party’s contractual obligation and shall, for the purposes of the LC Exchanges Rules, include Acts of God, government restrictions (including the denial or cancellation of any necessary licence where such denial or cancellation is made through no fault of the affected party), wars, outbreak of hostilities, riots, civil disturbances, insurrections, acts of terrorism, fire, explosions, floods, theft, malicious damage, strikes, lockouts, and/or any other cause beyond the reasonable control of the party whose performance is affected.
• 7.10. “Client Application” shall mean the web browser application opened by the Account Holder in order to use the Services.
• 7.11. “Software” shall mean all software used by LC Exchanges to offer and/or operate the Services and/or run the Client Application.
• 7.12. A “Prize” is an amount, a bonus or a reward that can be won by the Account Holder.
• 7.13. An “Inactive Account” is a LC Exchanges Account which has not recorded any log-in and/or logout for a period exceeding 12 consecutive months.
• 7.14. All trademarks, service marks and trade names as well as images, graphics, text, concepts or methodologies (collectively the “Intellectual Assets”) found on the Website, the Client Application and the material contained therein are the exclusive property of LC Exchanges and/or LC Exchanges’s suppliers and partners. The Account Holder is not entitled to exploit or otherwise use any Intellectual Asset for whatever purpose, except for what is allowed by law.

• 9.1. Creation of a LC Exchanges Bet Account
  • 9.1.1. An individual cannot participate in a game for money unless that individual is an Account Holder. To be registered as a player, an individual must register personally and submit an application for registration. The following information must be provided:
  • 9.1.2. date of birth and provide valid identification showing that the player is over eighteen (18) years of age or the applicable legal age of majority as stipulated in the jurisdiction of your residence (identification documents which must be submitted include: copy of a valid identity card, passport or driving licence);
  • 9.1.3. player’s first and last name;
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  • 9.1.5. player’s valid email address; and
  • 9.1.6. a username and a password
• 9.2. An individual applying to become an Account Holder warrants and represents not to be under the age of eighteen (18) years. Minors cannot register as a player and cannot hold a LC Exchanges Account. LC Exchanges reserves the right to request additional proof of age and perform additional checks in order to verify the information provided. A LC Exchanges Account may be suspended until satisfactory proof of age is provided.
• 9.3. An individual applying to become an Account Holder furthermore warrants and represents:
  • 9.3.1. to be a physical person (a legal entity will not be accepted as an Account Holder);
  • 9.3.2. not to be a resident of Afghanistan, Australia, Denmark, Estonia, Ethiopia, France and other French territories, Hong Kong, Iran, Iraq, Italy, Jordan, Kuwait, North Korea, Pakistan, Philippines, Spain, Syria, Turkey, United States of America and other U.S. territories, or Yemen (please be aware of particular country exclusions for Casino – Games – Live Casino, Poker and Bingo);
  • 9.3.3. not to be a professional player in any sport, competition or league where LC Exchanges offers betting;
  • 9.3.4. not to be restricted by limited legal capacity;
  • 9.3.5. not to be acting on behalf of another party;
  • 9.3.6. not to be classified as a compulsive problem gambler, and/or be included (whether voluntarily or involuntarily) on any register or database of excluded players;
  • 9.3.7. not to be depositing monies originating from criminal and/or other illegal activities;
  • 9.3.8. not to be depositing monies through a Card which the Account Holder is not authorised to use and/or utilizing a Card in a jurisdiction in which betting and gaming are prohibited;
  • 9.3.9. not to be conducting criminal activities whereby a LC Exchanges Account is directly or indirectly involved;
  • 9.3.10. not to be holding an active account with another legal entity which is part of the same group as LC Exchanges, meaning other entities directly or indirectly controlled by LC Exchanges.
  • 9.3.11. not to use the Services if it is illegal in his/her country of residence or otherwise restricted for him/her to open a gaming account, purchase or use services from LC Exchanges and/or otherwise participate in the games offered. It is the Account Holder’s responsibility to ensure his/her use of LC Exchanges’s Website and Services is legal;
  • 9.3.12. not to find the Website or the Services offensive, objectionable, unfair, nor indecent; and
    To maintain his/her LC Exchanges Account details up-to-date in terms of the following: first and last name, country of residence, valid email address and phone number.

10. LC Exchanges

• 10.1. not to find the Website or the Services offensive, objectionable, unfair, nor indecent; and
• 10.2. To maintain his/her LC Exchanges Account details up-to-date in terms of the following: first and last name, country of residence, valid email address and phone number.

11. An individual applying for a LC Exchanges Account acknowledges and accepts:

• 11.1. all definitions and stipulations as stated under the LC Exchanges Rules;
• 11.2. the LC Exchanges Rules as currently published on the Website, as well as any possible future changes to the LC Exchanges Rules;
• 11.3. that the Place of contract is Curacao;
• 11.4. that the Contract is governed by: the LC Exchanges Rules as published in English;
• 11.5. any regulatory provisions or other decisions made from time to time by the Governing Authorities; and
• 11.6. the Governing Law of the Place of the Contract.

12. In case anyone is found using 2 different IDs and logging in from same IP his winning in both accounts will be cancelled.

13. If the same IP is logged in multiple user accounts, the bets in question can be removed just on the basis of this. Final decision will be made by LC Exchanges in regards to this.

14. LC Exchanges reserves the right when fraudulent activities have taken place to either A) Void the bet in question, or B) To Void all bets in the market in question. LC Exchanges will remove either A or B depending on whichever amount is higher. Final decision will be taken by LC Exchanges in this regard.

1. PRIVACY

LC Exchanges is committed to protecting your personal information. This Privacy Policy lets you know what information we collect when you use our services, why we collect this information and how we use the collected information.

Please note that this Privacy Policy will be agreed between you and LC Exchanges. (‘We’, ‘Us’ or ‘Our’, as appropriate). This Privacy Policy is an integrated part of LC Exchanges’s Terms and Conditions.

We may periodically make changes to this Privacy Policy and will notify you of these changes by posting the modified terms on our platforms. We recommend that you revisit this Privacy Policy regularly.

2. INFORMATION COLLECTED

We consider information that may be used to identify an individual, including, but not limited to, first and last name, date of birth, home or other physical address, email address, phone number or other relevant information to be Personal Information (‘Personal Information’). You may be asked to provide Personal Information when you use our website, register for an account or use our services. The Personal Information that we collect may include information such as: contact information (including telephone number), shipping information, billing information, transaction history, website usage preferences, and feedback regarding the Services. This information is held by us on servers based in various location from time to time and elsewhere from time to time. When you interact with the services, our servers keep an activity log unique to you that collects certain administrative and traffic information including: source IP address, time of access, date of access, web page(s) visited, language use, software crash reports and type of browser used. This information is essential for the provision and quality of our services. We do not collect Personal Information about you without your knowledge.

3. MEANS OF COLLECTING AND PROCESSING DATA

We may automatically collect certain data as discussed above and receive Personal Information about you where you provide such information through the services or other communications and interactions on the LC Exchanges site. We may also receive Personal Information from online vendors and service providers, and from customer lists lawfully acquired from third-party vendors. In addition, we may engage the services of third-party service providers to provide technical support process your online transactions and maintain your account. We will have access to any information you provide to such vendors, service providers and third-party e-commerce services, and we will use the Personal Information as set out in this Privacy Policy below. This information will only be disclosed to third parties outside the company in accordance with this Privacy Policy. We take steps to ensure that our arrangements with third-party service providers and online vendors protect your privacy.

4. INFORMATION USE

We use the Personal Information we collect from you to deliver our Services, to provide customer support, to undertake necessary security and identify verification checks, to process any of your online transactions, to assist your participation in third-party promotions, meet certain business requirements and for any other purpose related to the operation of the Services. As such, we may share your Personal Information with our carefully selected partners (including any other parties that have data sharing arrangements with the latter).

Your Personal Information may also be used by us to provide you with:(1) promotional offers and information regarding our products and services; and (2) promotional offers and information regarding the products and services of our partners, in order to enlarge the range of provided products and improve our customer service. From time-to-time, we may request information from you via surveys or contests. Participation in these surveys or contests is completely voluntary and you have the choice of whether or not to disclose such information. Information requested may include contact information (such as name, correspondence address and telephone number), and demographic information (such as zip or postal code or age). By accepting any contest prize or winnings from us, you consent to use of your name for advertising and promotional purposes without additional compensation, except where prohibited by law. Unless you have elected not to receive promotional information, we may also use your Personal Information (including your email address and phone number) to provide you with information regarding our products, services and promotions, including other gaming products (including online poker, casino, betting, backgammon) and products and services from third parties carefully selected by us.

5. CERTAIN EXCLUDED DISCLOSURES

We may disclose your Personal Information if required to do so by law, or if we believe in good faith that such action is necessary to: (1) comply with any legal process served on us, any of our sites or the services or in circumstances where we are under a substantially similar legal obligation; (2) protect and defend our rights or property; or (3) act to protect the personal safety of users of the services or the public. If, in our sole determination, you are found to have cheated or attempted to defraud us, the company , or any other user of the services in any way including but not limited to game manipulation or payment fraud, or if we suspect you of fraudulent payment, including use of stolen credit cards, or any other fraudulent activity (including any chargeback or other reversal of a payment) or prohibited transaction (including money laundering), we reserve the right to share this information (together with your identity) with other online gaming sites, banks, credit card companies, appropriate agencies and relevant authorities. (4) For the purpose of research on the prevention of addiction, data can be made anonymous and passed on to the respective institutions.

6. ACCESS

You may ‘opt out’ of receiving any promotional communications either by choosing to opt out via your account settings available on our sites or the services or in an email you receive from us, or at any time by sending an email, or by writing to us at Customer Service.

In addition, You may contact us if you: 1) want to confirm the accuracy of the Personal Information we have collected about you; 2) would like to update your Personal Information; and/or 3) have any complaint regarding our use of your Personal Information. If requested, we will (1) update any information you have provided to us, in case you prove the necessity for such changes or (2) mark any information to prohibit future use for marketing purposes. For the avoidance of doubt, nothing in this Privacy Policy shall prevent us from retaining your Personal Information where we are required to do so by law.

7. COOKIES

Information placed on your device

When accessing our services, we may store information on your device. This information is referred to as cookies, which are small text files that are stored on your device when you visit online pages that record your preferences. We also use Local Shared Objects or ‘flash cookies’. ‘Flash cookies’ are similar to browser cookies. They allow us to remember things about your visits across our sites.

Neither cookies nor flash cookies can be used to access or use other information on your computer. We only use these methods to track your use of our services. Cookies help us monitor traffic to the site, improve our services and make it easier and/or more relevant for your use. We use flash cookies and third party cookies to help us show you more relevant and desirable advertisements.

Strictly necessary cookies

Strictly necessary cookies are essential to allow a user move around a website and use its features, such as accessing secure areas of the website or making financial transactions. Without these cookies, we would not be able to make our websites work efficiently.

During the registration process

These cookies will hold information collected during your registration and will allow us to recognize you as a customer and provide you with the services you require. We may also use this data to better understand your interests while online and to enhance your visits to our platforms.

On our website

For visitors to our website, we use cookies to collect information. Our servers use three different types of cookies:

A ‘session-based’ cookie: This type of cookie is only allocated to your computer for the duration of your visit to our website. A session-based cookie helps you move around our website faster and, if you’re a registered customer, it allows us to give you information that is more relevant to you. This cookie automatically expires when you close your browser.

A ‘persistent’ cookie: This type of cookie will remain on your computer for a period of time set for each cookie. Flash cookies are also persistent.

‘Analytical’ cookies: This type of cookie allows us to recognize and count the number of visitors to our site and see how visitors use our services. These helps us improve the way our sites work, for example, by ensuring you can find what you are looking for easily.

You have the ability to accept or decline cookies. Most web browsers automatically accept cookies, but, if you prefer, you can usually modify your browser setting to decline cookies. The Help menu on the menu bar of most browsers will tell you how to prevent your browser from accepting new cookies, how to have the browser notify you when you receive a new cookie and how to disable cookies altogether.

Flash cookies

You can modify your Flash Player settings to prevent the use of flash cookies. The Settings Manager of your Flash Player allows you manage your preferences. To disallow flash cookies from all third party content go to the ‘Global Storage Settings’ panel of the Settings Manager and de-select the check box labelled ‘Allow third party flash content to store information on your computer’ and close the Settings Manager. Alternatively you can also adjust your settings for specific websites you visit through the ‘Website Storage Settings’ panel which is also found in the Settings Manager.

If you are using an old version of Flash Player or older web browser, the Settings Manager may not be available to you. We recommend that you ensure that you refresh your Flash Player and browser to the latest available versions.

If you choose to decline cookies, you may not be able to experience all of the interactive features on our sites.

8. CONSENT TO USE OF ELECTRONIC SERVICE PROVIDERS

In order to play real money games on our services, you will be required to send money to and receive money from us. We may use third-party electronic payment systems to process such financial transactions. By accepting this Privacy Policy, you expressly consent to Personal Information necessary for the processing of transactions including, where necessary, the transfer of information outside of your country. We take steps to ensure that our arrangements with payments systems protect your privacy.

9. CONSENT TO SECURITY REVIEW

We reserve the right to conduct a security review at any time to validate the registration data provided by you and to verify your use of the services and your financial transactions for potential breach of our Terms and Conditions and of applicable law. By using our services and thereby agreeing to our Terms and Conditions you authorize us to use your Personal Information and to disclose your Personal Information to third parties for the purposes of validating the information you provide during your use of our services, including, where necessary, the transfer of information outside of your country. Security reviews may include but are not limited to ordering a credit report and/or otherwise verifying the information you provide against third-party databases. In addition, to facilitate these security reviews, you agree to provide such information or documentation as we may request.

10. SECURITY

We understand the importance of security and the techniques needed to secure information. We store all of the Personal Information we receive directly from you in an encrypted and password-protected database residing within our secure network behind active state-of-the-art firewall software. (Our Services support SSL). We also take measures to ensure our subsidiaries, agents, affiliates and suppliers employ adequate security measures.

11. PROTECTION OF MINORS

Our Services are not intended for or directed at persons under the age of eighteen (18) (or the lawful age in their respective jurisdiction). Any person who provides their information to us through any part of the services signifies to us that they are eighteen (18) years of age (or the lawful age in their respective jurisdiction) or older. It is our policy to uncover attempts by minors to access our services which may involve having to initiate a security review. If we become aware that a minor has attempted to or has submitted personal information via our services, we will not accept their information and will take steps to purge the information from our records.

12. INTERNATIONAL TRANSFERS

Personal Information collected on the services may be stored and processed in any country in which we or our affiliates, suppliers or agents maintain facilities. By using our services, you expressly consent to any transfer of information outside of your country (including to countries that may not be assessed as having adequate privacy laws). Nevertheless, we take steps to ensure that our agents, affiliates and suppliers comply with our standards of privacy regardless of their location.

13. THIRD-PARTY PRACTICES

We cannot ensure the protection of any information that you provide to a third-party online site that links to or from the services or any information collected by any third party administering our affiliate program (if applicable) or any other program, since these third-party online sites are owned and operated independently from us. Any information collected by these third parties is governed by the privacy policy, if any, of such third party.

14. LEGAL DISCLAIMER

The Services operate ‘AS-IS’ and ‘AS-AVAILABLE’ without liability of any kind. We are not responsible for events beyond our direct control. Due to the complex and ever-changing nature of our technology and business, we cannot guarantee nor do we claim that there will be error-free performance regarding the privacy of your Personal Information, and we will not be liable for any indirect, incidental, consequential or punitive damages relating to the use or release of said Personal Information.

15. CONSENT TO PRIVACY POLICY

Your use of our services constitutes an agreement to our Privacy Policy.

This is our entire and exclusive Privacy Policy and it supersedes any earlier version. This Privacy Policy should be read in conjunction with our Terms and Conditions and any additional applicable terms posted on our platforms. We may periodically make changes to this Privacy Policy and will notify you of these changes by posting the modified terms on our Platforms. Your continued use of our services following any changes to this Privacy Policy constitutes your acceptance of the changes. We recommend that you revisit this Privacy Policy regularly.

16. Other web sites

Our web site may contain links to other web sites, which are outside our control and are not covered by this Privacy Policy. If you access other sites using the links provided, the operators of these sites may collect information from you, which will be used by them in accordance with their privacy policy, which may differ from ours. We are not responsible. Solely the operators of these websites shall be responsible for their functionality or possible errors on the linked sites.

LC Exchanges.com

KNOW YOUR CUSTOMER POLICY

To maintain the highest level of security, we require all our members to provide us with certain documentation in order to validate their accounts.

Please note that the identification procedures shall be done before a cardholder starts operating and using services of our merchants.

Why do I need to provide documentation?

There are several reasons:

We are committed to providing a socially responsible platform for online gaming. All of our members must be 18 or older and we are bound by our licensing agreement to verify this.

Secondly, as a respected online and global company it is in our interests to guarantee maximum security on all transactions.

Thirdly, our payment processors require that our policies are in line with international banking standards. A proven business relationship with each and every member is mandatory for the protection of all parties. Our licensing agreement also obliges us to comply with this.

Finally, by ensuring that your account details are absolutely correct, the inconvenience of 'missing payments' can be avoided. It can take weeks (and sometimes months) to trace, recall and resend using the correct information. This lengthy process also results in additional fees from our processors.

WHAT DOCUMENTS DO I NEED TO PROVIDE?

PROOF OF ID:

A color copy of a valid government issued form of ID (Driver's License, Passport, State ID or Military ID)

PROOF OF ADDRESS:

A copy of a recent utility bill showing your address

Note: If your government Id shows your address, you do not need to provide further proof of address.

Additional documentation might be required depending on the withdrawal method you choose

When do I need to provide these documents?

We greatly appreciate your cooperation in providing these at your earliest possible convenience to avoid any delays in processing your transactions. We must be in receipt of the documents before any cash transactions can be sent back to you. Under special circumstances we may require the documents before further activity (deposits and wagering) can take place on your account

Please understand, if we do not have the required documents on file, your pending withdrawals will be cancelled and credited back to your account. You will be notified when this happens via the notification system.

How can I send you these documents?

Please scan your documents, or take a high quality digital camera picture, save the images as jpegs, then upload the files using our secure form here.

How do I know my documents are safe with you?

The security of your documentation is of paramount importance. All files are protected with the highest level of encryption at every step of the review process. All documentation received is treated with the utmost respect and confidentiality.

We’d like to thank you for your cooperation in helping us make LC Exchanges.com a safer place to play. As always, if you have any questions about this policy, or anything else, don’t hesitate to contact us using the contact us links on this page.

LC Exchanges is committed to endorsing responsible wagering among its customers as well as promoting the awareness of problem gambling and improving prevention, intervention and treatment.

LC Exchanges’s Responsible Gambling Policy sets out its commitment to minimizing the negative effects of problem gambling and to promoting responsible gambling practices.

LC Exchanges supports the generation of online gamblers offering them a wide range of games and entertainment. We also take responsibility for our product line-up.

The aim of LC Exchanges is to provide the world’s safest and most innovative gaming platform for adults. The offered clear and safe products allow each user to play within his financial means and to receive the highest quality service. Integrity, fairness and reliability are the guiding principles of LC Exchanges’s work. It is therefore clear that LC Exchanges should do its best to avoid and reduce the problems, which can arise from participation in gambling, particularly in cases of immoderate playing. At the same time it is important to respect the rights of those who take part in games of chance to a reasonable extent as means of entertainment.

Responsible Gaming at LC Exchanges is based on three fundamental principles: Security of the player, Security of the game and Protection against gaming addiction. Together with research institutes, associations and therapy institutions, we work on creation of a responsible, secure and reliable framework for online gaming.

Player security

We take responsibility for the security of our players. Protection of the players is based on forbidding the attendance of the minors from participation in games and the protection of privacy, which involves responsible processing of personal data and payments. Fairness and the random nature of the products offered are monitored closely by independent organizations. Marketing communication is also geared towards player protection: we promise only what players can receive in our transparent line.

Protection against gaming addiction: research – prevention – intervention

The majority of users who make sports bets, casino bets and other gaming offers play in moderation for entertainment. Certain habits and behavior patterns (such as shopping, playing sports, eating or consumption of alcohol) which are considered to be normal and not causing any concern can develop into addiction for some people and cause problems. In the same way, bets on sports and gambling can lead to problems for a small group of customers.

Clients with gaming addiction are prohibited from further participation in the gaming line-up. Subsequently the customers are provided with contacts of organizations where they can receive professional advice and support.

Self-responsibility is the most sustainable form of prevention

The basic principle promoted by LC Exchanges is that the final decision and responsibility on whether to play or not, and how much money can be spent on the game should be assumed by the customer himself.

Self-responsibility of the customer is therefore the most effective form of protection from addiction. LC Exchanges sees its responsibility in assisting the customers by providing transparent products, full information and keeping a clear line of conduct.

Protection of minors

LC Exchanges does not allow minors (persons under the age of 18) to participate in games and make bets. That’s why the confirmation of having reached the age of majority and the confirmation of date of birth are mandatory requirements during registration. LC Exchanges considers the issue of minors taking part in games and betting very seriously. In order to offer the best possible protection of minors, we also rely on the support of parents and caregivers. Please keep your data for account access in a safe place (user ID and password).

Furthermore, we would recommend that you install filter software. This software will allow you to restrict the access to Internet resources inappropriate for children and teenagers.

Responsibility towards problems

LC Exchanges offers a variety of games and bets, which are forms of entertainment for the majority of customers. At the same time the company takes responsibility for its customers by providing support and tools for maintenance of a secure and entertaining environment taking into account the associated risks.

The clients who have difficulty in assessing risks, recognizing their own limits or those who suffer from gambling addiction are not able to enjoy our product line-up responsibly and perceive it as a form of entertainment. LC Exchanges takes responsibility for such users by blocking their access to its products for their own protection.

Get informed with the main issues!

Most people play for pleasure. Moderate participation in games within their financial capacity is fully acceptable. However, for a small percentage of people gambling is not a form of entertainment, it is a challenge that must be considered seriously.

What is the problematic game behavior?

A problematic game behavior is considered to be such behavior, which interferes mode of life, work, financial position or health of a person or his family. Long participation in games is counter indicative to such person as it can lead to negative consequences.

In 1980 the pathological game dependence has been officially recognized and enlisted in the list of psychological diseases of international classification system DSM-IV and ICD-10. It is defined as long, repeating and frequently amplifying inclination for game, despite of existing negative personal and social circumstances, such as a debt, rupture of family relations and delay of professional growth.

In what cases behavior of a person should be considered as dependence?

It is necessary to underline that the diagnoses of game dependence can be qualified only by experts. The material presented on this web-page will help you to estimate and define your own game behaviour.

The special hazard of addictions that are not associated with any substance is that it is very difficult to define the line between pleasure and addiction. Nevertheless, there are some diagnostic signals that may point out the existing problems. In the presence of at least five of the following symptoms, the likelihood of the severe dependence is high:

1. The player is deeply involved in gambling, all his thoughts are only about the game.
2. Bet sum increases in course of time.
3. Attempts to quit or control his participation in the games appear to be unsuccessful.
4. When limiting his participation in gambling, a person experiences irritation and disappointment.
5. The game is a way to escape from problems or discomfort.
6. The player tries to win back the lost amount,
7. Lies about his playing behavior,
8. Commits illegal acts,
9. Spoils or breaks the relationship with family and colleagues,
10. Borrows to participate in the games.

Rules for responsible games

Following the rules placed below, you can enjoy the game without anxiety:

1. Start playing only when you are calm and concentrated.
2. Take regular breaks.
3. Define for yourself beforehand the monthly amount you can spend on the game.
4. Once setting a maximum limit, do not further increase it.
5. Before you start playing, define the maximum amount of winning, after reaching of which you should stop playing.
6. Define the amount you can afford to lose beforehand.
7. Do not start playing under alcohol or drug influence.
8. Do not start playing in a depressed state.

• LC Exchanges Infotech Group is one of the upcoming providers for online gaming entertainment across Sports Betting, Online and Live Casino operating in the emerging and the regulated markets.
• We aim to utilize the latest technologies to provide innovative and interactive gaming experiences in a secure environment.
• We have dedicated ourselves to offering our customers a seamless and thrilling gaming experience while you are on the go. We aim to provide an exceptional and fully customizable online betting experience.
• We are innovative, ambitious and passionate about what we do. We do it in a credible and responsible way, always aiming for the top.
• We only operate in regulated markets where we hold the appropriate licenses. We take our responsibilities to customers and our other stakeholders seriously and place great emphasis on working to a ‘compliance first’ model across the business.
• Dedicated Customer Service Team: We are here for you every step of the way with dedicated customer service managers standing by to provide you with a 24/7 top notch customer care service, handling any issues quickly and efficiently.
• When customers bet on our site they can rest assured that they are getting a wide variety of betting options, up to date information and the best odds available.
• Our customers also have peace of mind, knowing that when it’s time to collect, they are betting with a well-known reputable company.
• We have integrated best and secured payment methods on our site and a transaction process that is quick, easy enabling our players to cash out their winnings quickly and securely.

If you feel you are at risk of developing a gambling problem or believe you currently have a gambling problem, please consider using Self-Exclusion which prevents you gambling with LC Exchanges for a specified period of 6 months, 1 year, 2 years, 5 years or permanently.

If you want to stop playing for other reasons, please consider a Time-Out or using Account Closure.

What happens when you self-exclude?

During a period of Self-Exclusion you will not be able to use your account for betting, although you will still be able to login and withdraw any remaining balance. It will not be possible to re-open your account for any reason, and LC Exchanges will do all it can to detect and close any new accounts you may open.

Next steps

Whilst we will remove you from our marketing databases, we also suggest that you remove LC Exchanges from your notifications and delete/uninstall all LC Exchanges apps, downloads and social media links. You may also wish to consider installing software that blocks access to gambling websites, click here for more information.

We recommend that you seek support from a problem gambling support service to help you deal with your problem.

You can self-exclude your account in the My Gambling Controls section of Members by choosing Self-Exclusion.

Alternatively you can contact our customer care team for assistance and further information.

Self-Exclusion Notice

Should you opt to self-exclude from LC Exchanges, we strongly recommend that you seek exclusion from all other gambling operators you have an account with.

You can self-exclude by contacting other gambling operators directly or you can exclude from other licensed operators by completing a Self-Exclusion Notice form.

Once completed the Self-Exclusion Notice form should be submitted to the nominated site, sports bookmaker or betting exchange operator.

It is illegal for anyone under the age of 18 to open an account or gamble with LC Exchanges. We require new members to declare that they are over 18 years of age and carry out age verification checks on all new accounts.

If you are under the age of 18 years (or below the age of majority as stipulated in the laws of the jurisdiction applicable to you) or if you are not legally able to enter into a binding legal agreement with us, you must not use our service.

If we suspect that you are or receive notification that you are currently under 18 years or were under 18 years (or below the age of majority as stipulated in the laws of the jurisdiction applicable to you) when you placed any bets through the service your account will be suspended to prevent you placing any further bets or making any withdrawals from your account. We will then investigate the matter, including whether you have been betting as an agent for, or otherwise on behalf, of a person under 18 years (or below the age of majority as stipulated in the laws of the jurisdiction applicable to you). If having found that you: (a) are currently; (b) were under 18 years or below the majority age which applies to you at the relevant time; or (c) have been betting as an agent for or at the behest of a person under 18 years or below the majority age which applies:

• i. all winnings currently or due to be credited to your account will be retained;
• ii. all winnings gained from betting through the service whilst under age must be paid to us on demand (if you fail to comply with this provision we will seek to recover all costs associated with recovery of such sums); and/or
• iii. any monies deposited in your LC Exchanges.com account which are not winnings will be returned to you.

This condition also applies to you if you are over the age of 18 years but you are placing your bets within a jurisdiction which specifies a higher age than 18 years for legal betting and you are below that legal minimum age in that jurisdiction.

In the event we suspect you are in breach of this policy or that you are attempting to rely on it for a fraudulent purpose, we reserve the right to take any action necessary in order to investigate the matter, including informing the relevant authorities.