1. American Football

• All markets will be settled on the result including overtime unless stated otherwise in these  Shark123  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,  Shark123  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   Shark123  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  Shark123  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 has been at least 9 innings completed (8 1/2 if the home team is ahead), or if the official length of the match is 7 innings, then all bets will be void unless there has been 7 innings (6 ½ if the home team is ahead), except (in both circumstances) those bets on markets which have been unconditionally determined.
• In "Listed" markets, bets will be void unless both named pitchers listed in the  Shark123  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   Shark123  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 (e.g. number of rounds) of a fight changes after we have started to offer bets on it, all bets on that fight will stand except for bets involving an event to occur before, during or after specified rounds or round groupings (which will be voided). For example, in such circumstances, bets on Boxer A to win in round 5 (or Boxer A to win during rounds 4 to 6) would be voided.
• If the scheduled venue is changed after the market has been loaded by  Shark123  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 boxing or mixed martial arts, if fight is declared a 'no contest' or 'no decision' then all bets will be void.
• In mixed martial arts, if a fight is declared a draw or a technical draw then all bets will be void.

7. Cricket

• 7.1 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.

• 7.2 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),  Shark123  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.

• 7.3 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 overs 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. ESports

• All markets are settled on the basis of the official result of the relevant league / tournament organizer.
• If a series format is changed before the applicable series starts then all markets which were in place in respect of that series, prior to the time at which the format changed, will be void.
• If a series format is changed after that series is turned in-play then all markets in respect of the series will be void (except for markets in respect of which the outcome had already been unequivocally determined at the point at which the series format was changed).
• In a series where one of the teams is awarded one or more maps‘ advantage for any reason (for example, where such team has been awarded a map’s advantage due to strong performance earlier in the series), for all map markets, the map(s) which has/have been awarded will be disregarded for betting purposes. In such circumstances, the first map actually played will, for the purposes of map markets, be considered to be the first map of the series.
• If a team is awarded a walkover in respect of at least one map by the league / tournament organizer then all markets in respect of the relevant map, or the series in which the map takes place, will be void.
• If a map starts but finishes prematurely: (i) map winner markets will be settled based on the official result, (ii) all other markets in respect of which the outcome has been unequivocally determined (at the time at which the map prematurely finishes) will be settled and (iii) any other markets will be void.
• If a map is remade (i.e. restarted) after being partially played, map markets which have been unequivocally determined at the point at which the map is remade will be settled based on the official result of the relevant league / tournament organizer. All other map markets will be settled on the basis of the newly remade map.
• If a series does not start within 48 hours of the official scheduled start date & time, then all bets on markets in respect of the applicable series will be void.
• If one or more players are determined to have been cheating during a series by the relevant league or tournament organizer, all unsettled series and map markets which involved that player or, that player’s team, will be void.
•  Shark123  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  Shark123  customers).
• If a series is started and later suspended or postponed, and not resumed within 6 hours from the actual scheduled start time, then bets on all markets in respect of that series will be void (except for bets on any markets which have been unequivically determined prior to the point in time at which the market is suspended or postponed).
• If a team is renamed or rebranded, all bets on that team will stand. However,  Shark123  reserves the right to void any bets which have been placed in relation to a team if there is material uncertainty as to the identity of that team.

11. Financial markets

• 11.1 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).

• 11.2 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 days trading.

• 11.3 Interest Rates

  • Interest rate markets will be settled once the result is known to  Shark123  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).

• 11.4 House Prices

  • For settlement purposes the Standardised Average Price (seasonally adjusted) provided by HBOS will be used and markets will be settled once the result is known to   Shark123  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).
  •  Shark123  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.

• 11.5 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

• 12.1 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  Shark123  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 ball.
  • If  Shark123  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.

• 12.2 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.

• 12.3 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.

• 12.4 Strokeplay 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.

• 12.5 Matchplay 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

• 13.1 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  Shark123  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  Shark123 , 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.

• 13.2 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.

• 13.3 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.

• 13.4 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.

• 13.5 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.

• 13.6 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  Shark123  dead heat rules apply.

• 13.7 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 known to  Shark123  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.

• 13.8 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.

• 13.9 Ante-post

  • If a greyhound listed in an ante-post market dies,  Shark123  will use the available information to determine the time of the greyhound's death.   Shark123  will then, acting reasonably, determine whether the greyhound was a 'material runner' in the market. In determining whether a greyhound is a material runner,  Shark123  will look at the general price of the greyhound immediately before the greyhound's death, in the  Shark123  market and in the wider betting market. Broadly,  Shark123  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  Shark123  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  Shark123  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.

• 13.10 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 on   Shark123 , will be voided.
  • If, following the completion of a race, the stewards declare a greyhound a non-runner,  Shark123  will resettle the market and will void all bets that were placed on that runner only.  Shark123  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

• 14.1 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 by  Shark123 , 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.

• 14.2 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,  Shark123  will use the available information to determine the time of the horse's death.   Shark123  will then, acting reasonably, determine whether the horse was a 'material runner' in the market.  Shark123  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,  Shark123  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   Shark123  market and in the wider betting market. Broadly,  Shark123  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  Shark123  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  Shark123  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 ' Shark123  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   Shark123 ’s 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.

• 14.3 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 known to  Shark123  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.

• 14.4 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.

• 14.5 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.
  • Where a walkover is announced after a particular “Winning Distance” market is first offered on the  Shark123  Exchange, the following winning distances will be deemed to have applied to the race which is the subject of the walkover:
  • Flat: 5 lengths
  • National Hunt: 12 lengths
  • Where a walkover is announced prior to a particular “Winning Distance” market being offered on the  Shark123  Exchange, for the purposes of such market (once offered), the race which is the subject of the walkover will be disregarded and the “Winning Distance” total will be determined according to the remaining races (i.e. all races excluding the race which is the subject of the walkover).
  •  Shark123  Non-Runner Rule
  •  Shark123 's 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  Shark123  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 of  Shark123  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. The current reduction factor percentage for each horse can be viewed on the 'info' page on the   Shark123  website or by asking the Helpdesk.
  • Accurate reduction factors will only be applied to selections in the event of a non-runner. Once a non-runner is declared each selection in the market will be given an appropriate reduction factor. Reduction factors can be amended at  Shark123 discretion at any time throughout the market life cycle (including post-race).
  • For Australian racing, reduction factors may be updated periodically at the discretion of  Shark123  based on trading in the market, but after approximately five minutes 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  Shark123  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,   Shark123  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,  Shark123  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  Shark123 's attention. If   Shark123  becomes aware of more than one non-runner at the same time, it will remove the non-runners from the relevant markets in racecard order.
  • If a runner is not included in a market because of an error or because of incorrect information regarding a runner’s participation,  Shark123  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  Shark123  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 the 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  Shark123  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 by  Shark123 . 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 by   Shark123 .

  • 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  Shark123  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".
• Handicap markets, including 'Puck Line' markets (i.e. handicap markets for National Hockey League matches), will be settled on the basis of the final result including overtime and any shootouts that may be played.
• 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 " Money line " matches (where no tie is offered) dead heat rules will apply to bets on the outright match winner market.

16. Motor sport (which may include, amongst others, Formula One, Super bikes and Speedway)

• If a race is abandoned and no presentation position or official result is declared all bets on that race will be void except for bets on any markets which have been unconditionally determined.
• If the scheduled venue is changed after the market has been loaded by  Shark123 , all bets will be void.
• On "head-to-head" bets (i.e. match bets) the driver/rider who finishes ahead or completes the most number of laps is deemed to be the winner.
• In Speedway , bets will be void if all scheduled heats or races of a meeting or match are not completed except on markets which have been unconditionally determined.
• In any case where there is no podium presentation, but the Market Information states that settlement of the relevant market will be based on the result at the time of the podium presentation, then the market 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).

17. 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).

18. 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 except '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.

19. 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.

20. Soccer

• If  Shark123  does not suspend a market on time for the occurrence of a Material Event (as defined in Part B of these Rules and Regulations above),   Shark123  reserves the right to void bets matched after the Material Event has occurred. Voiding of these bets may take place during the event or retrospectively once a game is completed.
• Where a Material Event (as defined in Part B of these Rules and Regulations above) is cancelled due to a determination made via a video assistant referee,  Shark123  will void all bets which are matched between the occurrence of the Material Event and the cancellation of it. The voiding of any such bets may take place during the event or retrospectively once a game is completed.
• For the avoidance of doubt, where a video assistant referee ruling results in the award of a Material Event (as defined in Part B of these Rules and Regulations above), such Material Event will be deemed to have occurred at the time at which the video assistant referee commences a review relating to such (ultimately awarded) Material Event. In such circumstances, bets matched prior to the time at which the video assistant referee commences a review will not be voided.
• If a match is postponed, all undetermined bets will be voided as long as the match does not start before 23:59 local time (or if  Shark123  believes that a match will not have started by such time) on its scheduled date.
• Fixtures that are rearranged before the scheduled kick off date will not be regarded as postponements and all bets will stand, as long as the rescheduled date is within 72 hours of the original kick off time.
• If a match starts but is later abandoned, all undetermined bets will be voided as long as the match is not played to a finish before midnight local time on its scheduled date.
• If the venue of a match is other than is indicated on our website, the bet will stand provided the match has not been switched to the opponent's ground, in which case the match will be declared void. Notwithstanding this rule, in major international tournaments (eg World Cup, European Championships), all venues will be deemed neutral. If the scheduled venue of a match is changed, including if the venue changes to a new venue in a different country, all bets will stand.
• Euro 2020 - If a match is rescheduled (due to COVID reason for example) in line with official UEFA rules, all bets will stand. If a team is awarded a win without playing the game, all bets will be void.
• 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 by  Shark123  (acting reasonably) using information from independent sources.
• If an official fixture lists different team details to those listed on the  Shark123  website (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  Shark123  website under an incorrect competition name, then  Shark123  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 goalscorer' 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 goalscorer or the time of a particular goal, the result will be determined by   Shark123  (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  Shark123  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 where  Shark123  has announced that it is waiting for further information, any information that comes into the public domain more than 48 hours after a market has been settled shall not be considered by  Shark123  (regardless of whether or not such information may have led to a different result).

21. 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).

22. 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.

23. Winter sports (which include All Winter Olympic Sports)

• All bets that have been identified as late in accordance to the relevant official website start times will be voided.
• 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 to correct an error in reporting the result).
• "Outright" markets relate to the winner of the overall event and not for individual qualifiers or heats.
• For "Head-to-Head" markets, outcomes will be determined in accordance with the official result of the relevant governing body. If either or both athletes do not make the final, the winner will be deemed to be the athlete who progressed the furthest by round, and if still undecided, then by time achieved in the round in which both were eliminated. All bets are void if any athlete in a match/group bet fails to compete.
• If an event is abandoned, postponed or cancelled, all bets will be void unless the event is completed at the same venue within 48 hours of the official scheduled completion date.