Betting Rules

  1. Introduction
  2. Customer Responsibility
  3. Customer Disputes
  4. Settlement
  5. Voiding Bets
  6. Exceptional Circumstances
  7. Betting during an event
  8. Football Specific Rules
  9. Politics Specific Rules
  10. Formula 1 Specific Rules

  1. Introduction

    1. Smarkets takes every effort to ensure that betting is carried out in a fair and secure manner.
    2. Smarkets reserves the right to amend these rules as necessary.
    3. Smarkets does not accept responsibility for any errors or omissions with regard to event and market data.
    4. Unmatched bets are active immediately without any delay before and during the event.
    5. Bets are matched in price-time priority. Bets with a better price will be matched first. If the price is equal, bets received by the Smarkets exchange will be matched first.
    6. These rules will apply unless superseded by the Terms and Conditions or market-specific rules.

  2. Customer Responsibility

    1. It is the customer's responsibility to have read and accepted Smarkets Betting Rules prior to partaking in any market activity. The customer should contact if he or she has any questions or concerns.

  3. Customer Disputes

    1. Customers should contact if he or she feels that the Smarkets Betting Rules were not properly enforced. Any disputes will be dealt with in a prompt and professional manner. If Smarkets does not resolve the dispute to the customer's satisfaction, he or she should contact the LGA at .

  4. Settlement

    1. Smarkets will make every effort for bets to be settled as quickly as possible after the outcome has been determined. Where possible, we will rely on the official result publicised by the event's governing body. Otherwise, we will use publicly verifiable sources of information such as the BBC or Yahoo Sports.
    2. Smarkets reserves the right to delay settlement should the outcome be unclear or controversial.
    3. Smarkets reserves the right to void or resettle markets should new information become available, such as cheating or rules violations.

  5. Voiding Bets

    1. Smarkets reserves the right to void any markets where the outcome cannot be reasonably determined.
    2. We reserve the right to void any bet for any reason before or after the event has occurred. This may be due to fraud, technical error or settlement error.
    3. We reserve the right to recover funds that were disbursed in error.

  6. Exceptional Circumstances

    1. Abandonments - If the event does not conclude within 36 hours of the scheduled time, all bets are void.
    2. Cancellations - If the event is canceled, all bets are void.
    3. Postponements - If an event is postponed more than 36 hours from the scheduled time, all bets are void.
    4. Change of Opponents - If there is a change in opponents for an event, all bets are void.
    5. Change of Venue - If there is a change in venue, all bets are void.
    6. Periods of Time - If the length of the event is modified, all bets are void.
    7. Dead Heat - In the event that there are more winners than expected, the winnings will be split proportionately.

  7. Betting during an event

    1. Smarkets reserves the right to suspend markets as necessary.
    2. All markets will be kept open until the outcome has been reasonably determined.
    3. Unmatched bets will never be canceled without the customer's approval.
    4. Customers should be aware that Smarkets will not suspend markets and cancel unmatched bets when a goal is scored or when the match starts.
    5. Customers should be aware that transmissions described as live from broadcasters, including radio and television, are often delayed.
    6. All unmatched bets on Smarkets are live on the exchange as soon as they arrive at Smarkets.

  8. Football Specific Rules

    1. All football markets apply to the standard length of 90 minutes including stoppage time. These markets do not take overtime or penalties into account.
    2. If a football match is not properly completed, canceled or otherwise abandoned, all bets will be void.
    3. Types of Football Markets Offered
      1. Winner - This market will be settled on which team has won after regular time has expired or if there is a draw.
      2. Correct score - This market will be settled on the correct score after regular time has expired.
      3. Total goals - This market will be settled on the sum of the goals for each team during regular time.
      4. Half-time/full-time winners - This market will be settled on the result at halftime, including stoppage time from the first half, and the result at end of regular time, including stoppage time.

  9. Politics Specific Rules

    1. The results of markets will be determined by the Electoral Commission, the official regulatory body of the general election.
    2. In the advent of a contested result, market settling may be delayed until an official result is announced.

  10. Formula 1 Specific Rules

    1. All bets stand regardless of whether the team/driver race or not.
    2. Winner markets are correct at the time of the podium presentation.
    3. Safety car market will be settled as true if the safety car is deployed at any point during the race.
    4. Lap time markets will be settled on official times as recorded by the FIA and will not be affected by any subsequent penalties or demotions.
    5. Head to head markets refer to the driver which will have the best position either at the end of the race or the end of the season. In the event of a driver pulling out of a race, the remaining driver will win.

Smarkets Rules Cartoon