Exchange Sports Rules

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General Rules

Abandoned/Postponed Events
Dead Heat Rules
In Running Markets
Unmanaged In Running Markets
'Keep In-Running' Bets
Market management
Market settlement
Miscellaneous
 

Sports

American Football
Athletics
Australian Rules
Bandy
Baseball
Basketball
Boxing
Chess
Cricket
Cycling
Darts
Financial
Football
GAA (Both football and hurling)
GAA (International/Compromise Rules)
Golf
Greyhound Racing
Handball
Horse Racing
Ice Hockey
Motor Sport
Poker
Rowing
Rugby Union and Rugby League
Snooker/Pool
Swimming
Tennis
Winter Sports

 

General Rules

Settlements on Ladbrokes Exchange may differ from settlements on Ladbrokes Sports betting.

Abandoned/Postponed Events

If any single event (match, game, race etc...) is not completed within 72 hours of the original, scheduled completion date then all bets on the event will be void, except those on markets which have been unconditionally determined.
If any tournament or competition is not completed within seven days of the original, scheduled completion date then all relevant markets will be settled based on the official result of the relevant governing body, provided the result is announced within 30 days of the original scheduled completion date.
Where a number of days are specified in relation to the completion of an event, the specific cut-off time would be 23:59:59 in the time zone where the event was scheduled to take place.

Venue Changes And Event Durations

If there is a change to the scheduled venue for an event then all bets will stand unless the new venue is the home ground of the team originally listed as the away team.
If there is a change in the type of surface an event was due to take place on (e.g. a tennis match changing from grass to hard court) then all bets will be void.
Unless specifically stated otherwise, all bets apply to the regular time period of an event, including any stoppage or injury time played. Extra-time periods or other methods for deciding a contest will not count for the purposes of settlement.
If the scheduled duration of an event is changed before the event starts then all bets on the event will be void.

Dead Heat Rules

If two or more selections finish in a dead heat in a market, the return for a winning back bet would be reduced. The reduction is calculated by multiplying the original Stake by the number of expected winners and dividing it by the number of dead-heated selections. The total return is then calculated based on the reduced Stake (i.e. the reduced Stake at the original odds) with the net winnings being this amount less the original Stake.
Example 1: In a market where three selections dead heat for 1st place, a back bet on one of the winners on £60 at 6.0 or 5/1 is settled as follows: The Stake of £60 is multiplied by the number of expected winners (1) and divided by the number of dead heated selections (3) to calculate the reduced Stake (£60 x 1/3 = £20). The return is then the reduced Stake at the original odds (£20 x 6 = £120). The net winnings are £60 or the return (£120) less the original stake (£60).
Example 2: Take a market with three expected winning selections (e.g. Horse racing place market), where one selection is an outright winner and four selections dead-heat for second place. Once the outright winner has been settled, there are two remaining 'places' in the market. A bet of £60 at 6.0 or 5/1 on one of the four dead-heated selections is settled as follows, the Stake of £60 is multiplied by the expected number of winners (2) and divided by the number of dead heated selections (4) to calculate the reduced Stake (£60 x 2/4 = £30). The return is then the reduced Stake at the original odds (£30 x 6 = £180). The net winnings are £120, or the return (£180) less the original Stake (£60)

In Running Markets

We reserve the right to suspend an in running market at any time or decide against turning a market in running if there are problems with the feeds used to manage an event, or other technical difficulties. In these circumstances we accept no liability for customers' inability to make offers.
Customers should be aware that broadcasts described as “live” may actually be subject to delays and that the extent of the delays may vary depending on the broadcaster.
There is a built in delay when placing bets in an in running market. The length of the delay will depend on the sport and on broadcasts available for the event.
When a customer confirms a bet in play, it is subject to the in running delay. Customers will not receive confirmation regarding the status of their bet until the in running delay has completed.  .A bet placed which is matched, when the customer confirms the bet, is subject to the in running delay. Customers should be aware that bets that are subject to an in running delay cannot be cancelled until the time delay has expired.

Unmanaged In Running Markets

Unmanaged in running markets are markets which are turned in running at the scheduled start of a game and are available for betting during the game but are not managed at any stage during the game i.e. the market will not be suspended if a goal is scored, a penalty is awarded or a player is sent off.
 An unmanaged in running market will be turned in running at the scheduled start of the match with unmatched bets being cancelled. Once in running, unmatched bets will also be cancelled.

Market management

If a market is due to close at the start of an event, but fails to close for any reason, we reserve the right to void all bets placed after the start of the event. In the absence of an official 'off' time for the event, or a source for the 'actual' start time, the scheduled start time will be used.
If a market is due to go in running at the start of an event, but is not turned in running, we reserve the right to void all bets matched after the start of the event.We endeavour to turn markets in running at the start of the game, match or event (as applicable) but cannot guarantee that markets will be suspended or turned in running at the time stated within the Market Info Tab (as defined below). If a market set to be turned in running does not do so at the stated time but is later turned in running within the duration of the game, match or event (as applicable) all bets matched prior to a “significant event” (for example, a goal scored in football, a try scored in rugby, a touchdown scored in American football, as determined by Ladbrokes Exchange in its sole discretion) will stand. If a “significant event” has occurred without the game being turned in running, bets matched between the “significant event” in question and the market turned in running will be void. If a market set to be turned in running at the event start time fails to do so or is not suspended at any stage for the duration of the game, match or event (as applicable) all bets matched after the official event start time will be void.
If the situation outlined above occurs:
•    and the market is not turned in running at any stage during the event, bets placed after the start of the event will be void. In the absence of an official “off” time for the event, or a source for the actual start time, the scheduled start time will be used.
•    in markets other than football, and the market is turned in running during the event, bets placed between the start of the event and the market being turned in running, will be void. In the absence of an official “off” time for the event, or a source for the actual start time, the scheduled start time will be used.

Market settlement:

All markets will be settled in accordance with the Ladbrokes Exchange Rules and the market (“Info”), as set out and displayed in the Info tab beside all markets (the “Market Info Tab”). In the case of any ambiguity, the rules as described in the relevant Market Info Tab will be final for the purposes of settlement. We reserve the right to reverse the settlement of a market if there has been an error in the original settlement, and to make the necessary amendments to a customer's accounts to reflect any changes in the settlement of the market.
In the event of any doubt surrounding the result of a market or event, we reserve the right to withhold settlement of the market until such time as said doubt has been removed. In the event that the result cannot be verified, we reserve the right to void the market.
Markets will generally be settled as soon as the result can be confirmed. As a courtesy to customers, we may decide to settle or part settle some markets or selections before an official result has been announced; however, we reserve the right to amend this settlement if the official result is different to that used for the original settlement, or if the whole market is eventually to be voided.
Unless otherwise stated, all markets will be settled based on the official result, regardless of subsequent amendments to the result.

Miscellaneous

While every effort is made to ensure complete accuracy, we cannot accept liability for any errors or omissions relating to information displayed on the site. We reserve the right to make changes to correct any obvious errors.
It is the responsibility of each customer to ensure he/she is aware of the rules governing individual markets. We cannot accept any responsibility for any errors in respect of the posting of offers by customers.
Allowing for minor spelling mistakes, if an incorrect selection (team, player or otherwise) is displayed in a market, or the incorrect number of selections or outcomes are available in a market, or a market includes any obvious error, we reserve the right to void bets in the market or the market as a whole.
In order to protect the integrity of markets on the site and to protect customers of the site, we reserve the right to suspend betting on any market at any stage, and ultimately, if deemed necessary, to void certain bets or a market as a whole We reserve the right to suspend any market, at any time, at our discretion, in order to amongst other reasons, protect customers for any reason and to carry out market administration.
All information supplied is done so in good faith. We cannot accept any liability for any errors or omissions in respect of any information such as but not limited to the posting of prices, runners, times, place terms, scores, results, venues.
The General rules shall apply in situations where the specific rules for a sport (as outlined below in our Sports rules) or the Info set out in the relevant Market Info Tab do not deal specifically with a particular scenario.
We reserve the right to amend any of the Ladbrokes Exchange rules at any time. Any amendment to a rule is effective immediately once displayed on the Ladbrokes Exchange Website.

American Football

All bets will be settled on the official result including any overtime played unless otherwise stated in the Market Info Tab (e.g. the half time/full time market) or where the market has been unconditionally determined. In the event of a tie after overtime all wagers placed on "Money Line" markets will be void. Subsequent amendments to the official result at the end of the game will have no bearing on market settlement.
If a match does not start on the scheduled start date or is not played to completion, at the same venue, within 72 hours of the original start time, then all bets will be void except for those on markets which have been unconditionally determined.
If a match has started and is later abandoned or postponed and not resumed within 72 hours then all bets, except for those unconditionally determined, will be void unless (i) 55 minutes have elapsed or (ii) an official result has been called in which case the match will be accordingly determined.
For “Handicap” and “Total” markets, if the final result falls on the number listed for the market, then the bet shall be deemed a 'push' and the client has the Stake returned.
For individual match-up and 'prop' markets, players must play for bets to stand.

Athletics

Unless stated otherwise in the Market Info Tab, bets on abandoned, postponed or cancelled events will be void except for those on markets which have been unconditionally determined unless the event is held at the original venue within seven days of the original date.
All markets will be settled based on the official result at the time of the medals presentation, regardless of subsequent amendments to the result. In the absence of a medals presentation, bets will be settled in accordance with the first official result announced and regardless of subsequent amendments to the result.

Australian Rules

All bets, except for markets in "Finals" matches, apply to regular time only and exclude any overtime played. Bets on "Finals" matches will be settled on the official score including any overtime played, except for those on markets which have been unconditionally determined or as stated otherwise in the Market Info Tab (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 unless otherwise stated in the Market Info Tab.
Bets on postponed matches will be void unless the match is played within 72 hours of the original scheduled start time.
If a match starts but is subsequently abandoned/postponed and not completed within 72 hours of the original scheduled start time then the following applies to bets on match odds markets:
•    If the first half has not been completed the match will be settled as a tie and Dead Heat Rules will apply.
•    If the first half has been completed then the match will be settled on the official result as notified by the relevant governing body.
 
All other bets on abandoned or postponed matches will be void except for those on markets that have been unconditionally determined.
All bets relating to individual player’s will stand if they are listed as part of the 22 player squad on the match day, irrespective of whether they take any part in the match or not.

Bandy

All bets will be settled on the basis of 90 minutes play unless otherwise stated in the market Info. If 90 minutes play is not completed for any reason, all bets will be void unless an official result is declared. If a match is played in 3x30 minute periods instead of 2x45 minute periods bets will stand.
If a match is abandoned or postponed, all bets, except for those unconditionally determined, are void unless the match is completed within 36 hours of the original scheduled start date, or an official result is declared.

Baseball

If a game does not start on the scheduled date then all bets on that game will be void except for those unconditionally determined. Markets are settled on the final score including any extra innings played, unless otherwise stated in the Market Info Tab.
"Listed Pitcher" markets will be void if either starting pitcher is different to the pitcher named in the market in the first fielding innings for their respective teams.
For "Money Line" markets, 5 full innings (or 4.5 if the home team is ahead) are required to constitute a completed game. If a game is called or suspended, the winner is determined by the score after the last full innings unless the home team scores to tie, or takes the lead in the bottom half of the innings, in which case the winner is determined by the score at the time the game is called. Bets will be void if the home team ties the game and it is then suspended.
For "Run Line" and "Totals" markets, 9 full innings (or 8.5 if the home team is ahead) are required to constitute a completed game. If a game is called or suspended in extra innings, the score will be determined after the last full innings unless the home team scores to tie, or takes the lead in the bottom half of the inning, in which case the score is determined at the time the game is called.
These Ladbrokes Exchange baseball rules apply to Major League Baseball (MLB), World Baseball Classic and Japanese Baseball. All other baseball will be governed by rules set out in the General Rules and the relevant Market Info Tab.

Basketball

Bets will be settled on the official score including any overtime played, unless otherwise stated in the market Info.
If a match is abandoned or postponed before 43 minutes have been played in an NBA match, or 35 minutes in any other match, and no official result has been declared then all bets will be void, except for those on markets which have been unconditionally determined. In these circumstances, if the scores are tied then Dead Heat Rules will apply to bets on the outright match winner market.
If a match does not start on the scheduled start date then all bets will be void.

Boxing

If a fight is abandoned or postponed, all bets, except for those unconditionally determined, are void unless the fight is completed within 72 hours of the original scheduled start time, or an official result is declared. If the fight is relocated to another country after the market has been opened or a boxer withdraws or is substituted before the fight starts, all bets will be void. If the number of scheduled rounds or the duration of individual rounds is changed, then all bets will be void.
All bets will be settled on the official result announced following the fight, regardless of any subsequent amendments to the result.
If for any reason a points decision is awarded before the full number of rounds is completed or a boxer is disqualified, bets will be settled on the round in which the fight was stopped. If a boxer retires between rounds, fails to answer the bell, or is disqualified between rounds, bets will be settled based on the fight being finished at the end of the previous round.

Chess

Joint winners of chess tournaments will be settled under Dead Heat Rules. Tiebreak rules will not be applied.
In knockout events the eventual winner, by whatever means, will be deemed to have won the event. Bets are valid when each player has made at least one move; otherwise, bets are void and Stakes refunded.

Cricket

General
Matches will turn In Running at the scheduled start time. Matches that are not going in running will be closed at the scheduled start time.
If a match is shortened due to the weather, markets, including those decided by the Duckworth Lewis method will be settled based on the official result. If a match starts, but is not completed for any reason other than weather and no official result is declared then Ladbrokes Exchange reserves the right to void all bets on markets which have not been determined.
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.
All bets on match betting markets will be void if the official result is a tied match in any Test, County or Limited Over match.
If a “Limited Over” match finishes in a tie then that is the result that will count for the purposes of settlement, regardless of any “Bowl Outs”, “Super Overs” or otherwise that may be played.

Test matches

If fewer than 20 overs are bowled in an innings then bets on innings runs markets will be void unless the market has been unconditionally determined. In the event of a match being decided by a “Bowl Outs” or coin toss then all bets will be void, unless market info states otherwise.
If a match starts but is later abandoned for any reason other than weather (examples of which would be dangerous or unplayable wicket or outfield; strike or boycott; crowd protests/violence; pitch vandalism; stadium damage; acts of terrorism; and acts of God), Ladbrokes Exchange 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 “No Result” is declared for a match then all bets will be void except for those on markets unconditionally determined as specified in the market info.
Where the Duckworth Lewis method is used all matched bets on 'Highest 10 over Total' and 'Opening Partnership' will be void, unless the market has been unconditionally determined before the Duckworth Lewis rule was implemented. All other markets will be settled according to the result determined under the Duckworth Lewis method.

Batsmen markets

If any player named in any “Top Team Batsman” market is not chosen in the starting XI, all bets in that market will be void. If any player chosen in the starting eleven does not bat, he will be deemed to have scored zero. If any player retires and does not resume his innings his score will stand.
If any player retires and does not resume his innings his score will stand.

Cycling

Bets on abandoned, postponed or cancelled events will be void unless the event is held at the original venue within seven days of the original date.
All markets will be settled based on the official result at the time of the medals presentation, regardless of subsequent amendments to the result. In the absence of a medals presentation, bets will be settled in accordance with the first official result announced and regardless of subsequent amendments to the result.

Darts

Should a player fail to compete in an individual match or an event, all bets involving that player will be void. In the event of a match starting but not being completed, the player progressing to the next round will be deemed the winner.
If a match is not completed, all bets on set betting, total games, correct score, next leg winner and handicap will be void except for those unconditionally determined or unless otherwise stated in the market info.
If a match is not completed then bets on handicap markets will be void unless the market has been unconditionally determined.

Financial Markets

Intraday Markets
Customers are betting on the price quoted in the market. Each market will be settled on the first Bloomberg price stamp past the quoted market closure time.
Daily and Weekly Markets
Customers are betting on the price quoted in the market. All Daily and Weekly markets will be settled on the official close prices given by Bloomberg. All Midday and PM markets will be settled on the first Bloomberg price stamp past the quoted market closure time.

Football


General
Unless otherwise stated, all football match bets apply to regular time only. This includes injury time but not any extra time periods or penalty shoot-outs. All bets will be void on matches where there is a change of opponent. If there is a change of venue all bets will stand unless the match is played at the ground of the team originally listed as away.
If a match is postponed or delayed and does not (or will not) start by midnight on the scheduled date then all bets on the match will be void unless we are aware that the match has been rescheduled to be played within 36 hours of the original scheduled date.

If a match is abandoned or postponed after it has kicked-off then all bets on all markets associated with this match will be declared void unless the match is completed (according to the official source) within 36 hours of the original scheduled time, except for any instance where an unconditional definitive result for a market has already been determined prior to abandonment: for example first goal scorer, time of first goal or half time result. In the event of an abandoned match restarting from the beginning (within the 36 hours) bets matched prior to kick-off of the original match and bets on markets which have been unconditionally determined will stand. All other bets will be declared void.

If a team is thrown out or disqualified from a league before the season starts then all bets on affected markets will be void. If the league has already started, (i.e. the first league game has been played) all bets will stand and the team will be settled as a loser.

For “First Goalscorer” or “Last Goalscorer” markets, bets will be voided on any player who takes no part in the match or comes on as a substitute after the 1st goal has been scored. Own goals do not count for either market. Subsequent appeals or rulings will not affect settlement of the market. For “Player to Score” markets, all bets will stand if the player plays any part in the match.

For markets that relate to the time of first or last goal, the first half is considered to last 45 minutes, regardless of additional time played. For these markets, a period will last from the first second to the time that falls one second before the end of the period so that, by way of example, the “0-10 minutes” selection covers the period from kick-off until 9.59.
The “11-20 minutes” selection covers from 10.00 until 19.59. This principle applies to each of this type of market.
Markets relating to the number of events that occur, such as the corners in match, will be decided on the number taken, and not on the number awarded.

In Running Football - Managed games
At the start of the match, the market will be turned in running. The market will be suspended if a “significant event” occurs (for example, a goal has been scored, a penalty awarded or a player being sent off, as determined by Ladbrokes Exchange in its sole discretion). We endeavour to turn markets in running at the start of the game, match event (as applicable) but cannot guarantee that markets will be suspended or turned in running at the time stated within the Market Info Tab. If a market set to be turned in running does not do so at the stated time but is later turned in running within the duration of the game, match or event (as applicable) all bets matched prior to the “significant event” will stand. If a “significant event” has occurred without the game being turn in running, bets matched between the “significant event” in question and the market turned in running will be void. If a market set to be turned in running at the event start time fails to do so or is not suspended at any stage for the duration of the game, match event as applicable all bets matched after the official event start time will be void.

In Running Football - Unmanaged games
At the scheduled start of the match, all markets will be turned in running. Markets will be suspended 120 minutes after the scheduled start time In the event of uncertainty regarding the result of any market, the determination of the relevant football authority, as notified to Ladbrokes Exchange by the Press Association, will be used to determine the outcome.

GAA (Both football and hurling)

Unless otherwise stated, all GAA match bets apply to the full match duration, including injury time but not extra time. If a match is abandoned or postponed, all bets, except for those unconditionally determined, are void unless the match is completed within 72 hours of the original scheduled start date, or an official result is declared.

GAA (International/Compromise Rules)

Bets will be settled on the official result. Bets on abandoned or postponed matches are void unless the match is played at the original venue within 36 hours of the original scheduled start time.

Golf

General
All bets will be settled on the official result after the tournament regardless of subsequent amendments to the result.

If a tournament is shortened for any reason, all bets will be settled based on the official result, provided the minimum number of holes set out in the market Info has been completed. In this instance, bets matched after the last completed round will be void.

Once a player has teed off all bets on that player will stand, regardless of subsequent withdrawals/disqualifications. If a player does not start the tournament then all bets on that player will be void.

In 'to qualify' markets for any tournament the winners are the number of golfers that qualify for the tournament under the terms set out in the Market Info Tab, 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.

Tournament Match Markets

If a player withdraws before starting their first round all bets on the relevant market will be void. If all players in a market fail to complete the first round all bets will be void.

Any player who misses the cut is deemed to be a loser against any player that makes the cut, regardless of subsequent withdrawals/disqualifications.

If a player withdraws or is disqualified during a round they will be deemed to be a loser against any player that completes that round.

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.

18 Hole Three Ball/Two Ball Markets

If any player fails to start the round then all bets on the market will be void. Any player that fails to complete the round, having teed off, is deemed to be a loser against a player that finishes the round. If all players fail to complete the round for whatever reason then all bets will be void.

Place Betting/Each-Way Betting

These markets will be settled according to the number of places set out in the Market Info Tab. Dead Heat Rules shall apply except where a winner is determined by a play-off.

Matchplay/Strokeplay individual hole markets

Markets will be settled once the hole has finished, regardless of subsequent amendments to the result.

If a hole is not completed for any reason other than a player or team conceding a hole, then all bets on that market will be void. If a player or team does not start a hole then all bets on that market will be void. If a player or team withdraws or is disqualified having started a hole they are deemed to be a loser against a player or team that finished the hole.

Greyhound Racing

General
Markets will be settled on the basis of the first official result from the track, regardless of subsequent amendments to the result. All bets are placed on trap numbers. Greyhound names are displayed for information purposes only. If a non-runner or reserve runner is declared, all bets will be void and a new market will be opened. If no runners finish a race or a race is declared void then all bets will be void. If the venue is changed after a market has been opened 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. The number of winners in 'to be placed' markets is as set out in the Market Info Tab and is determined with reference to the number of runners known when the market is loaded. Once opened, the number of winners in 'to be placed' markets (as set out in the Market Info Tab) will not be affected by further non-runners. If the number of potential winners in a ‘to be placed’ market is equal to or is greater than the number of runners, all bets in this market will be void.

Ante Post
If Ladbrokes Exchange becomes aware that a greyhound listed in an ante-post market has died, the market will be suspended while we determine the accuracy of the information and the time of the greyhound's death. Once this has been confirmed, the selection will be removed from the market and, if appropriate, void all bets placed on the market from midnight on the date of death.

If a race is postponed or rescheduled, but run at the same venue on another day, all ante-post bets will stand provided the entries are not re-opened.
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.

Handball

Unless otherwise stated in the Market Info Tab, all bets apply to the full match duration excluding extra time. If a match is abandoned or postponed, all bets, except for those unconditionally determined, are void unless the match is completed within 36 hours of the original scheduled start date, or an official result is declared.

Horse Racing

General
All individual race markets are decided on the official result at the time of the 'weigh-in', regardless of subsequent amendments to the result. If a race is abandoned, or declared void, all bets on the race will be void. If a race is postponed and not run on its scheduled day, all bets will be void. In the event of a walkover, all bets on that race will be void. If the venue or the surface (e.g. turf/dirt) for a race is changed after the market has been activated all bets will be void.

In the event of a false start or similar incident resulting in a race being re-run, 'under starter’s orders' is negated and horses taking no part in the re-run will be treated as non-runners.

Ante Post
Ante Post betting is deemed to finish at the final declaration stage. All bets on individual horses will stand whether the horse runs or not, unless the horse is balloted out.
Bets placed on horses after they have forfeited their entry at an entry stage or where they have not qualified by the qualifying date will be void unless that race has a later supplementary entry stage. No Ladbrokes Exchange non-runner rule deductions are made to ante-post bets.

If a race is officially abandoned, declared void or the conditions of the race are altered all bets will be void. If a race is postponed, but run at the same venue within seven days of the original scheduled date, all bets will stand provided the conditions of the race remain the same and the entries are not re-opened.

If Ladbrokes Exchange becomes aware that a horse listed in an ante-post market has died, all markets where the horse is a selection will be suspended while we determine the accuracy of the information and the time of the horse's death. Once this has been confirmed, the selection will be removed from the market and, if appropriate, void all bets placed on the market from midnight on the date of death. If an accurate time for the horse's death cannot be ascertained, Ladbrokes Exchange may, using its discretion and all the information available, decide to void bets from a more reasonable time.

Place Markets
The possible number of 'placed' or winning selections in a market is stated above the individual market and is determined by the number of declared runners when the market is being setup. Once the market has been displayed, further non-runners will not affect the number of 'places' in a market. If the number of potential winners, as stated above the market, is equal to or greater than the number of runners, all bets on this market will be void. If the number of 'placed' horses in a race is less than the number of potential winners listed, the winning selections will only be the placed horse or horses.

Each Way Markets
The place element of your “Each Way” bet will be settled according to the number of 'places' stated above the market. The number of 'places' in an “Each Way” market is based on the number of selections that participate in a race and can be affected by non-runners. In the event of there being less than five runners in the race all bets will be void.

Other Horse Racing Rules

Card numbers are included as a guide only; bets are placed on the named horse.

Horses are not coupled for betting purposes. If a horse is running for purse money only, or the stewards declare it will not be included for betting purposes, it will be deemed a non-runner. If this results in the number of potential winners, stated above the market, being equal to or greater than the number of runners in the market, all bets will be void.

Winning Distance Markets

Unless otherwise stated in the Market Info Tab, bets on 'winning distance' markets 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 and second placed horses.
For the purpose of these markets the maximum distance on any individual race will be 12 lengths for Flat races and 30 lengths for National Hunt races (including National Hunt Flat Races) and these distances will be applied if 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 length
•    Head - 0.2 length
•    Short-neck - 0.25 length
•    Neck - 0.3 length
 
If there are three or more races abandoned or declared void at a meeting, then all bets on winning distance markets will be void. If there are only one or two races abandoned or declared void then a default distance will be used for each abandoned or void race. The distances used will be 2 lengths for Flat races and 10 lengths for National Hunt races.
In the case of a walkover or no horse finishing the race the distances that will be applied are five lengths for Flat races and 12 lengths for National Hunt races.

Non-Runner Rules

Any horse in the Ladbrokes Exchange market that does not come under Starter's Orders is deemed to be a non-runner.
In the event of a false start or similar incident that results in a race being re-run, the rule regarding 'under starter’s orders', will not apply and horses taking no part in the re-run will be treated as non-runners.
All horse racing markets displayed are subject to the Ladbrokes Exchange non-runner rule, which relates to the adjustment of odds on bets already placed when a horse in a race is declared a non-runner. The adjustment is made by applying a ‘deduction factor’ to the remaining horses. The deduction factor for each horse is broadly based on that horse's chances of being a winner in the market.
When the market is opened, all runners will be allotted a deduction factor that is based on a forecast price. These deduction factors may be updated during the day based on trading in the market. The deduction factor for each horse can be found by clicking on the name of the horse.

Non-Runner Withdrawals

As soon as Ladbrokes Exchange has confirmed that a horse is a non-runner in a race, that horse will be removed from the market and all bets on that horse will be void.

In the “Win” and “Each Way” markets, if the deduction factor of the non-runner is 2.5% or greater, the odds of all bets placed on the remaining horses will be reduced by an amount equal to the non-runners final deduction factor. If the deduction factor of the non-runner is less than 2.5% no deductions will be made 

In the “Place” market, if the deduction factor of the non-runner is 4.0% or greater, the potential winnings from all bets placed will be reduced by an amount equal to the non-runners final deduction factor. If the deduction factor of the non-runner is less than 4.0% no unmatched bets will be cancelled.

After the withdrawal of any non-runner, the deduction factors on the remaining horses will be adjusted to reflect their improved chance of winning.
In the event of a late withdrawal, Ladbrokes Exchange reserves the right to withdraw the horse and apply the deduction factor after the race. If a race is already in running, Ladbrokes Exchange reserves the right to suspend the market until such time as the non-runner can be removed.

If a non-runner is removed from a race in error, the runner will be re-instated and all bets in relation to that runner will stand (accounts may have to be adjusted manually to reflect the original bets). All bets made between the time of the withdrawal and the re-instatement will be void in all related markets. The deduction factor applied to bets at the time of the withdrawal will be reversed and the original prices will become valid.

Deduction Factors

In “Win” and “Each Way” markets the deduction factor is applied to the price of each bet.
For example: if a horse with a final deduction factor of 15% is withdrawn, the odds of all bets placed on the remaining horses will be reduced by 15%, e.g. a bet placed at odds of 6.0 would become 5.10 after the deduction had been applied (6.0 x 0.85 = 5.10).
These odds may be reduced further if there are additional horses declared as non-runners and withdrawn from the market. If a non-runner in an Each Way market, results in the number of 'places' in the market being reduced, the revised place terms will be applied to all bets in the market.
In “Place” markets the deduction factor is applied to the potential winnings on each bet only, and not the odds of the bet.
For example: if a horse with a final deduction factor of 15% is withdrawn, the potential winnings on all previously matched bets on the remaining horses will be reduced by 15%, i.e. a bet placed at odds of 6.0 would become 5.25 after the deduction had been applied.
For instance, a £20 bet at odds of 6.0, where the potential winnings would be £100. If a non-runner were withdrawn with a deduction factor of 15%, the deduction would be applied to the potential winnings of £100, leaving potential winnings of £85 or a revised matched price of 5.25.
These odds may be reduced further if there are additional horses declared as non-runners and withdrawn from the market.

Points to note:

If two or more horses are withdrawn from a “Win” or “Each Way” market, each of which has an individual deduction factor of less than 2.5%, but the combined deduction factor is more than 2.5%, then the combined deduction factor will be applied as per the example above. This is also the case for “Place” markets where the combined deduction factor is more than 4.0%.
A reserve runner may appear in a market but it will not have an applicable deduction factor until such time as the horse has been confirmed as a runner. A non-runner that is replaced by a reserve will be treated in the same manner as a regular non-runner and as such the relevant deduction factor will be applied.

Ice Hockey

Unless otherwise specified, all bets will be settled on the official, final score at the end of regular time, including any overtime and shoot-outs that get played.

If a match starts but is later postponed or abandoned and less than 55 minutes are completed, and no official result is announced, then all bets will be void, except for those on markets which have been unconditionally determined. Matches that do not start on the scheduled date will be void. In these circumstances, if the scores are tied for “Moneyline” matches (where no tie is offered) Dead Heat Rules will apply to bets on the outright match winner market.

Motor Sport

Outright championship markets will be settled according to the official rules of the relevant governing body. Should a listed selection fail to compete in the relevant Championship then all bets on that selection will be void.

The warm-up lap will count as the start of a race. Race markets will be settled on the official result of the relevant governing body, regardless of any subsequent disqualifications or amendments to the result. If a race is abandoned and no podium ceremony takes place or no official result is declared then all bets on that race will be void except for bets on markets that have been unconditionally determined.

If the scheduled venue is changed after the market has been offered by Ladbrokes Exchange, all bets will be void.

In match markets, the competitor who has finished ahead or completed the most number of laps will be settled as 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.

Poker

All bets will be settled on the official result as declared immediately after the event. If a player does not take part, all bets on that player are void. A player must be dealt at least one hand in order to qualify as a participant.

If a tournament is abandoned and no official result is declared, all bets will be void.

Rowing

If a crew or individual fails to start a competition or race, all bets on that crew or individual will be void. If a crew or individual starts, but does not complete a race they will be settled as a loser provided somebody completes the race. If nobody completes the race then all bets will be void.

If an event is postponed, abandoned or interrupted, all bets, except for those unconditionally determined, will be void unless the event is completed within seven days or the governing body announces an official result.

All markets will be settled based on the official result at the time of the medals presentation, regardless of subsequent amendments to the result. In the absence of a medals presentation, bets will be settled in accordance with the first, official result announced and regardless of subsequent amendments to the result.

Rugby Union and Rugby League

All rugby match bets apply to regular time, including injury time but not extra time, unless otherwise stated in the Market Info Tab.

If a match is abandoned or postponed, all bets, except for those unconditionally determined, are void unless the match is completed within 36 hours of the original scheduled start date, or an official result is declared. If there is a change of venue all bets will stand as long as the match is played within 36 hours of the original scheduled start time and the match is not played at the ground of the team originally listed as the away team.

'Tournament Tries' and 'Tournament Point' bets will apply to all playing time, including any extra-time played in all matches where an official result is announced.

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.

Snooker/Pool

Should a player fail to compete in an individual match or an event, all bets involving that player will be void. In the event of a match starting but not being completed, the player progressing to the next round will be deemed the winner.

In the case of a match that is not completed, all bets on 'Handicap', 'Correct Score' or similar markets will be void.

Swimming

All markets will be settled based on the official result at the time of the medals presentation, regardless of subsequent amendments to the result. In the absence of a medals presentation, bets will be settled in accordance with the first, official result announced and regardless of subsequent amendments to the result.

Tennis

If there is a change to the scheduled venue then all bets will stand and this includes any changes to the type of surface played on.

Should a player or pairing fail to compete in an individual match or an event, all bets involving that player or pairing will be void. In the event of a match starting but not being completed, the player or pairing progressing to the next round (or winning the tournament in the case of a final) will be deemed the winner; unless, less than one set has been completed in which case all bets relating to that match will be void. 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 to three sets after the market has been opened by Ladbrokes Exchange, provided that the match has been shortened in accordance with the competition’s rules.

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.

If the required number of games/sets to win a match changes in any way then all bets will be void, except for those on markets which have been unconditionally determined. 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 to three sets after the market has been opened by Ladbrokes Exchange , provided that the match has been shortened in accordance with the competition’s rules.

Should a player retire or be disqualified during a game or set within a match, all bets on game or set markets will be void except those on markets which have been unconditionally determined.

Winter Sports

All markets will be settled based on the official result at the time of the medals presentation, regardless of subsequent amendments to the result. In the absence of a medals presentation, bets will be settled in accordance with the first, official result announced and regardless of subsequent amendments to the result.
If an event is postponed, abandoned or interrupted all bets, except for those unconditionally determined, will be void unless the event is completed within seven days or an official result is announced by the governing body.

In Nordic Combined, both skiers must start both sections of the event for bets to stand. For Ski Jumping, one valid jump (including qualification) is enough for a competitor to achieve a result for the event. Rules for other match bets and head to head markets will be included in the Market Info Tab.