BETBULL - BETTING RULES

All exchange services on the BETBULL Website ("BETBULL Services") are provided by Betbull Ltd. Betbull Ltd. is a limited liability company registered in Gibraltar, Registered Number 90656 and trading as BETBULL ("BETBULL "). BETBULL registered address is 57/63 Line Wall Road, Gibraltar.

BETBULL provides an online exchange (the Exchange) �Exchange�) for fixed odds betting transactions. Betbull Bookmakers Ltd. (BETBULL BOOKMAKERS) acts as a bookmaker to clients who wish to make offers to the Exchange; for clarity: all other exchange services on this website are provided by BETBULL. BETBULL BOOKMAKERS is a limited liability company registered in England, number 05625085. The registered address is Tower 42, Level 23, 25 Old Broad St, London EC2N 1HQ, United Kingdom. BETBULL BOOKMAKERS is licensed as a bookmaker in England (Bookmaker`s Permit, City of London). As soon as corresponding offers have been placed on the Exchange BETBULL BOOKMAKERS will enter into separate betting contracts with each involved individual client (the Client). �Client�).

Client Accounts are administered by BETBULL. BETBULL holds Clients' funds in its capacity as stakeholder and agent for Clients as described below. BETBULL may appoint at its sole discretion a Payment Solution Provider to act, receive and/or pay funds on behalf of BETBULL.

In this Agreement, references to "Exchange", "Company", "we", "us" or "our" means BETBULL unless otherwise stated.

You may not avail of any BETBULL Services until you have applied for Clientship of BETBULL's Exchange by completing the online registration process on www.betbull.com ("the BETBULL Website") and indicating your acceptance of Part 2 (TERMS AND CONDITIONS OF CLIENTSHIP), Part 3 (the COMPANY RULES) and Part 4 (PRIVACY POLICY) which, along with the terms of any betting contracts entered into by you and BETBULL BOOKMAKERS, govern the entire of your relationship with us. In the event of any inconsistency between any Part of this Agreement, Part 2 shall prevail. If your application is successful, you may participate in the Exchange in accordance with Parts 1 to 4 ("the Agreement") and you will be issued with a Client Name and Password to use the BETBULL Services.

To assist in the successful and timely transfer of funds to and from your Client Account, your registered name and address must reflect that on your credit card, debit card, bank account and postal address through which you wish to transact with the Company. It is the responsibility of every applicant and Client (if accepted) to ensure that he/she complies with all applicable local laws, regulations and rules with regards to gaming or otherwise. BETBULL reserves the right to refuse any application without any further correspondence or giving any reason therefor. It is the responsibility of all Company Clients to ensure that their records are kept up to date with the Company. If there is any change regarding your personal details, you must inform us as soon as possible.

BY CLICKING THE "ACCEPT" ICON ON OUR BETBULL WEBSITE YOU ARE INDICATING THAT YOU ACCEPT THESE TERMS AND CONDITIONS OF USE AND YOU CONSENT TO BE BOUND BY AND TO BECOME A PARTY TO THE COMPANY RULES AND THE PRIVACY POLICY (AS EACH MAY BE AMENDED FROM TIME TO TIME) WHICH, TOGETHER WITH THE TERMS OF ANY CONTRACTS ENTERED INTO BY YOU AND BETBULL BOOKMAKERS ("THIS AGREEMENT") GOVERN YOUR RELATIONSHIP WITH US.

IF YOU DO NOT AGREE TO EACH AND EVERY TERM OF THIS AGREEMENT, CLICK THE "CANCEL" ICON AT THE BOTTOM OF THE TERMS AND CONDITIONS SECTION ON THE BETBULL WEBSITE.

FOR THE AVOIDANCE OF DOUBT, WE MAY, AT OUR ABSOLUTE DISCRETION, REFUSE YOUR REQUEST TO USE THE EXCHANGE.

In consideration of our providing the BETBULL Services to you, you agree to all of the terms and conditions contained in this Agreement.

BETBULL provides the Exchange Services for fixed odds betting transcations, i.e. BETBULL enables Clients to place offers for a bet and/or to accept offers for a bet that do not have a counterpart. The role of BETBULL BOOKMAKERSis to act as a bookmaker to clients who wish to make offers to the Exchange. These offers if matched or partially matched will become betting contracts between BETBULL BOOKMAKERS and the involved Clients. BETBULL acts as stakeholder for Clients' funds and provides Clients with a funds-settlement service for the settlement of those contracts. All services (other than guest services) offered by us may only be used by Clients accessing the Exchange after entering their Client Name and Password.

(i) Placing (initial) offers for a bet

When a Client places an initial offer for a bet on the Exchange that does not have a counterpart (�Unmachted Offer for a bet�), the Client grants to BETBULL an irrevocable authority to display the terms of the Unmatched Offer for a bet for acceptance by other Clients until the offer is accepted by (an)other Client(s) or until the offer expires.

(ii)Acceptance of Unmatched Offers for a bet

Each Unmatched Offer for a bet displayed on the Exchange can be matched (in whole or in part) by a corresponding offer placed by (an)other Client(s). As soon as (in whole or in part) corresponding offers for a bet have been placed on the Exchange and BETBULL has accepted these corresponding offers in terms of completeness and feasibility, BETBULL BOOKMAKERS enters into separate betting contracts with each of the involved Clients, i. e. with the Client who has placed the initial offer for a bet on the Exchange as well as with the Client who has placed the (in whole or in part) corresponding offer for a bet.

BETBULL will provide Clients with an order number in respect of each of their placed offers. Once an offer is matched or partially matched, Clients have thus entered into a betting contract with BETBULL BOOKMAKERS and BETBULL will record the terms of the betting contract on its server and other electronic storage devices. Clients will not be given any details of the provider(s) of the corresponding offer(s).

Once an offer has been submitted into the Exchange, BETBULL will provide a funds-clearance service for the transaction in the following way:

(i) immediately upon a Client submitting an offer into the Exchange, BETBULL will debit the Client's account by the total amount offered (the "Stake") in accordance with the terms of the offer for a bet. The total proposed Stake to be deducted will be notified to the Client before he/she finally places the offer.

(ii) if the offer for a bet is matched or partially matched then, upon settlement of the betting contract in accordance with the Company Rules (as detailed in Part 3 of this Agreement), BETBULL will distribute the Clients' Stakes according to the applicable rules of the betting contract, less the BETBULL commission (deduction on winnings).

(iii) if the offer for a bet is not matched before its expiry, the offering Client will be refunded the Stake.

BETBULL BOOKMAKERS does not enter into a betting contract with a Client unless corresponding and opposing offers have been placed on the Exchange. Thus BETBULL BOOKMAKERS bears none of the risk inherent in betting contracts with the Clients. For the provision of the Exchange Services BETBULL deducts from a Client winnings a consideration of between one (1) and five (5) per cent calculated on the net winnings on any single market (�Deduction on Winnings�).

To apply for Clientship of the Company, applicants must first complete the online registration process contained on www.betbull.com and indicate their acceptance of all parts of this Agreement. If the applicants are eligible for Clientship of the Company (see paragraph 8 below) and the application is successful, they may open an account with the Company and make offers to other Clients as described in this Agreement.

As part of the application, Clients will be provided with a Client Name and Password. These must be kept confidential as all offers made or accepted using these details will be treated by the Company as valid provided they meet the other criteria for making an offer contained in this Agreement. Each Client may have only one account with the Company.

To enter into a betting contract with BETBULL BOOKMAKERS, a Client must first make an offer using his/her Password on any event listed in the Exchange stating the terms on which he/she wishes to transact, e.g. event, the selection, outcome, stake and minimum price they are willing to accept. The Exchange will attempt to find opposing Client offers that have already been entered into the Exchange, i.e. those which express an opposing view at equivalent terms or better, which have not yet been matched. Once the Exchange has found such an opposing Unmatched offer, it will automatically match the two corresponding offers and those Clients will each have entered into a betting contract with BETBULL BOOKMAKERS on the terms stated in their opposing offers. This is a binding agreement from which it will not be possible for the Clients to choose to exit and the terms of which they cannot amend.

Clients may only make an offer on events for which there is a market open on the Exchange. Clients may request that markets be opened on new events on the BETBULL Website by emailing BETBULL. BETBULL is under no obligation to open new markets. All offers must be transacted in a selection of major currencies. The current minimum Stake is �2. BETBULL may increase or decrease the minimum Stake at any time.

Telebet Service
With all bets placed over the telephone you are required to give your PAN (personal account number) and your Surname clearly, followed by your bet request. All requests will be called back by the Operator prior to placement to ensure that your instructions have been understood. This may cause a slight delay in the placing of your bet but is essential to ensure your instructions have been correctly understood. It is your responsibility to ensure that the operator has interpreted your instructions correctly. BETBULL will not be responsible for any orders incorrectly communicated to the Operator.

You can ask for a bet confirmation before the order is processed. You must wait for the Operator to confirm that your bet has been 'fully matched', 'partially matched' or remains 'unmatched '.

During In running events there is a built in delay for processing bets. Depending on the sport this could be up to 10 seconds. Clients must wait for confirmation after the delay that their bet has been matched.

All calls to the service are recorded and if the phone call is interrupted the order will not be processed.

Please note that the minimum stake per call is 50/US$50/ �50/US$50/ or 50. �50. BETBULL may increase or decrease the minimum stakes at any time.

Clients are responsible for bets on their account where correct PAN number/surname/usernames are given. These details should remain private and if you believe these are known by another party, call the helpdesk immediately.

It is the client's responsibility to ensure they have ample time to process the bet, and that funds are available in time to process the order.

All betting contracts are settled subject to the Company Rules contained in Part 3 of this Agreement.

BETBULL reserves the right, at its sole discretion, to prevent a Client's offer being entered into the Company for any reason. BETBULL shall not be obliged to notify Clients of the reason for refusing an offer.

BETBULL will use all reasonable endeavours to meet any offer cancellation requests. No cancellation of an offer will be effective until the original offer is removed from the Exchange and no longer displayed on the BETBULL Website. As an offer is available on the Exchange until cancelled there is the possibility that an offer may be accepted and matched in the Exchange before the cancellation request can be completed. BETBULL bears no responsibility for delays which may arise between the time a cancellation order is initiated and the time it is actually cancelled.

BETBULL reserves the right to close the Exchange at any time, in order to preserve orderly markets or for any other reason deemed fit by BETBULL.

When an offer is made by a Client, the Exchange will act as stakeholder and agent of the Client and, in accordance with the irrevocable authority given by the Client when submitting the offer, remove appropriate funds from the Client's Account. The funds will be placed in a bank account held by BETBULL (hereinafter the �Escrow Funds "). The Stake will be removed from the Client's account and placed in the Escrow Funds and will be notified to the Client before he/she submits a final offer.

By submitting an offer, you grant BETBULL an irrevocable authority to remove appropriate funds from your Client Account. BETBULL shall hold the Escrow Funds in accordance with this irrevocable authority provided to the Company by each Client so as to ensure that the funds are not used for any other purpose until the offer is unmatched and has expired at the stated time for the event, is cancelled or voided or until the offer is matched and the undisputed outcome of the betting contract is known. The Escrow Funds cannot be used by any parties to a contract until the outcome of the bet is determined.

At the time the funds are removed from a Client account by BETBULL i.e. upon an order being entered into on the Exchange, the Client irrevocably and unconditionally authorises BETBULL, should the offer be matched, and once the outcome of the event is known, to pay out as stakeholder from the Escrow Funds the total stakes to the successful party on the winning side of the betting contract, less BETBULL's dedution on winnings.

In the event that an offer is not matched on the Exchange, it will expire at the actual start time of the event on which the offer is made. Upon expiry, the stakes offered that are not matched, or are deemed void, will be returned to the respective Clients' Accounts.

BETBULL reserves the right to recover from Clients any stakes paid out in error or which become the subject of a disputed betting contract. Any stakes that become subject of a disputed betting contract will be placed in a holding account pending resolution of the dispute in accordance with paragraph 14 below.

We reserve the right, at our own discretion, to void a betting contract for any reason either before or after it is settled. BETBULL shall not be obliged to notify Clients of the reason for voiding a betting contract. All void betting contracts will have the Stakes refunded.

When a Client closes his/her Client Account, he/she will be entitled to the return of all funds in his/her account except that Escrow Funds will not be released until the offer has lapsed at the actual time of the event or the offer is cancelled or voided in accordance with this Agreement, or until the offer is matched and the outcome of the betting contract is known, or until any dispute regarding the funds is resolved. You may only offer or accept betting contracts online through the BETBULL Website and through any other medium deemed appropriate by BETBULL.

Within 7 days of receipt of a request, or after a Client Account is closed, the balance in the Client Account will be transferred out of the Client Account and back to the Client by debit card transfer or bank transfer. If there are any promotional amounts that have been credited to your account by BETBULL for free, these may only be used for participating in the Exchange and may not be withdrawn. Monies will only be transferred back to the originating debit card or by bank transfer to a bank account in the name of the Client. For security reasons, you will not be able to withdraw funds from your account until you have provided definitive evidence of your identity and address.

There may be costs relating to the transfer of funds into or out of Clients' Accounts which, wherever possible, will be notified to the Client in advance of his/her agreement to proceed with a transfer instruction.

In the case of bank transfers, to or from the Exchange, Clients are responsible for all bank charges and it may not be possible for the Company to inform Clients of the costs which they will incur. Clients should confirm these costs directly with their bank before initiating such transactions. To assist in the timely and successful transfer of funds to and from your Client Account the Client should complete the bank transfer deposit advice form within the deposits section of the BETBULL Website.

For cheque lodgements, the Company will credit the Client's Account with the equivalent US$ amount as settled by its bank. To assist in the timely and successful transfer of funds to and from your Client Account the Client should complete the cheque deposit advice form within the deposits section of the BETBULL Website.

Clients will only be permitted to offer stakes up to the amount of the current available balance in their Client Account.

For the provision of the Exchange and the Exchange Services betbull deducts from a Client winnings a consideration of between one (1) and ten (10) per cent, with the standard being five (5) per cent, calculated on your net winnings on any single Market.

Neither the balance held in a Client Account nor the funds held by the Company in escrow shall bear interest.

The Company will not allow credit to any Client.

Each Client is responsible for regularly reviewing their Client Account details which are contained in the BETBULL Website under "ACCOUNT" or "MY BETBULL". If you become aware of any inaccuracies in transaction or contact information you must inform BETBULL as soon as possible.

You warrant to BETBULL:

(i) that you are fully and legally entitled to enter into this Agreement;

(ii) that you have full authority to execute this Agreement;

(iii) that your entering into this Agreement is not illegal in your jurisdiction and you will not use any BETBULL Services while located in any jurisdiction that prohibits the use of such services;

(iv) that you are over 18 years of age;

(v) that you are acting as a principal and not as an agent on behalf of a third party;

(vi) that you are not and never have been an undischarged bankrupt or in a voluntary arrangement with your creditors;

(vii) that, if you are a bookmaker, your participation in the Exchange is not contrary to the terms of your bookmaking licence;

(viii) that, if you are a bookmaker, this Agreement over-rides the terms and conditions of your own business;

(ix) that all details provided by you to the Company are accurate and that you will not take steps to conceal your true identity from the Company such as by using pseudonyms, false addresses or taking technical steps to conceal your identity or location;

(x) that you are the authorised user of any credit or debit card you use on the Exchange and that you have never failed to honour a liability on a bet by attempting to charge back a payment made by card for betting services.

You understand that making and accepting offers on the Exchange is highly speculative in nature and therefore contains a degree of risk. You acknowledge that you are fully prepared financially to undertake such risks and to withstand any losses incurred, and that you are able to sustain the total loss of any stakes committed by you.

You agree to indemnify and hold the Company and its subsidiaries, affiliates, officers, directors, agents and employees harmless from any liabilities, claims, losses or demands made by any third party arising out of your breach of this Agreement or out of your violation of any law or the rights of any third party.

You acknowledge that the Company and its subsidiaries will hold information with respect to your identity, including, but not limited to, your name, address and payment details. You agree that we rely on this information in entering into this Agreement with you and you agree to hold us harmless against any falsehood or inaccuracy contained in the information you provide.

You agree to indemnify us for any losses, costs or expenses which may be incurred by us as a result of any errors contained in instructions submitted by you, any unauthorised or unlawful use of the BETBULL Service or any payment card charge-backs which may be effected for any reason whatsoever on amounts transferred by you to your Client Account.

Clientship of the Company is open to certain individuals over the age of 18 and to certain licensed bookmakers.

Applicants for Clientship of the Company will be required to provide definitive evidence of identity and address and we may require appropriate regulatory consents or licences from any bookmaker applicants. We reserve the right, at our own discretion, to conduct checks against registered details of applicants and Clients to ensure the accuracy of information provided and we shall be entitled to demand further evidence as to an applicant's age, capacity to legally contract with us, country of residence or any other information at any time in the future.

Any Client who misuses the BETBULL Website to, directly or indirectly, attempt to make or accept offers on behalf of any third party on the Exchange will have his/her Client Account terminated immediately.

We reserve the right to refuse to register an applicant or to suspend and/or terminate a Client's registration and Client's Account at our absolute discretion and with no obligation to provide Clients with any reasons for so doing.

Without restricting our ability to rely on other remedies that may be available to us, we will suspend or terminate Clients' Accounts or cancel any unmatched offers at our absolute discretion if: (i) we suspect that Clients are acting other than on their own behalf or otherwise in concert with others or engaging in illegal or fraudulent activity while using the BETBULL Services; (ii) we suspect that Clients are breaching any terms of this Agreement; (iii) we suspect that Clients are acting in a manner that is detrimental to the conduct of BETBULL's business; (iv) we suspect that Clients may be having difficulties obtaining credit; (v) we suspect that it is illegal for a Client to participate in the Exchange, or (vi) we are required to do so by law.

In the event that a Client's registration is terminated or suspended, we reserve the right to determine whether to declare as void all contracts made by the Client and to cancel unmatched offers by the Client.

The adequacy and fitness for purpose of the Exchange as well as the contents of BETBULL�s Website pages are provided "as is". Except as required by applicable law no representation, term or warranty of any kind, either expressed or implied, is made in relation to the accuracy, reliability or content of the pages, or in relation to the adequacy and fitness for purpose of the Exchange provided by BETBULL. BETBULL reserves the right to revise the pages or withdraw access to them at any time.

BETBULL assumes no responsibility for material created or published by third parties that BETBULL �s Website pages have a link to.

BETBULL is not responsible for printing errors that may occur on the Website and printed material.

We will not be liable to you for any loss that you may incur as a result of misuse of your password and we accept no liability resulting from its unauthorised use, whether fraudulent or otherwise.

We exclude, to the fullest extent permissible by law and save as expressly as stated in this Agreement, all warranties, representations, conditions and terms, whether expressed or implied by law, statute or otherwise, including (without limitation) any warranties, representations, conditions and terms relating to the accuracy, fitness for purpose, performance or satisfactory quality of our website and services.

In no event will we, or any of our suppliers, accept any liability however arising for any losses you may incur as a result of placing bets or otherwise by your entry into this Agreement, your use of our Website or our Exchange. Under no circumstances will our liability under this Agreement or for breach of contract, tort or otherwise exceed your Available Funds or Euro 1000 whichever is the greater. Under no circumstances will we be liable for any indirect, special or consequential damages or loss or direct or indirect profits or the benefit of any bet arising from breach of contract, negligence or other liability even if we had been advised of or known (or should have known) of the possibility of such damages or loss.

Nothing in these terms and conditions excludes our liability with respect to death and personal injury resulting from our negligence, or that of our employees, agents or subcontractors.

The tradename �BETBULL� and the BETBULL logo are trademarks of the Company. Any unauthorised use of the BETBULL and the BETBULL logo may result in prosecution.

The information contained in the BETBULL Website is copyrighted and protected by world-wide copyright laws and treaty provisions. It may not be copied, reproduced, modified, published, uploaded, posted, transmitted, or distributed in any way, without our prior written permission. Except as expressly provided herein, BETBULL does not grant any express or implied right to Clients or any person in any intellectual property rights, details of Clients or trade secret information.

www.betbull.com is the uniform resource locator of our Company and no unauthorised use may be made of this URL on another website or digital platform without our prior written consent.

Your registration and use of our system of our Website does therefore not confer any rights whatsoever to the intellectual property contained in our Website.

Links to this Website may not be included in any other website without our prior written consent.

You agree not to use any automatic or manual device to monitor or copy our web pages or any content therein. Any unauthorised use or reproduction may be prosecuted.

We shall not be liable, and shall not otherwise be deemed to be in breach of this Agreement, for any failure to perform, or delay in performing, any of our obligations hereunder caused by circumstances beyond our reasonable control including but not limited to government or regulatory restriction, act of God, power cut, trade or labour dispute, act failure or omission of any government or authority, the failure of electronic or mechanical equipment or communication lines, telephone or other interconnect problems (e.g. if a Client or the Company is unable to access his/her/its online service provider), unauthorised access, theft, operator errors, severe weather, earthquakes, floods and strikes or other labour problems. In such an event, we reserve the right to cancel or suspend the BETBULL Services without incurring any liability.

We will not be liable for the failure of any equipment or software, wherever located or administered, or whether under our direct control or not, that may prevent the operation of the BETBULL Services, impede the matching of offers, or prevent Clients from being able to contact us.

We will not be liable for any failure to perform by a third party to this Agreement. In particular, we reserve the right to declare null and void any contracts that the Exchange may not be able to settle because of non-performance by a third party.

After the outcome of a contract has been determined, we will settle the contract and transfer funds into the successful Client's Account as described above.

As a condition of using the Exchange, each Client shall immediately notify BETBULL if: (a) he/she has placed an offer which has not been posted on the BETBULL Website; (b) he/she has accepted an offer or had an offer accepted but he/she has not received an order number (c) he/she has received acknowledgment (whether through hard copy, electronic, or verbal means) of an offer which he/she did not place or contract that he/she did not enter or any similar conflict; or (d) he/she becomes aware of any unauthorised use of a Client Name or Password. If a Client fails to notify the Company as soon as practicable when any of the above occur, neither BETBULL nor any of its officers, employees, agents, affiliates or subsidiaries can or will have any responsibility or liability to Clients or to any other person whose claim may arise through a Client for any claims with respect to the handling, mishandling or loss of any order.

Should there be any dispute over the terms or the outcome of an individual bet, the management of the Company will have the final decision on its outcome, having made reference to the Rules of the Company and the appropriate industry rules and the Company Rules annexed to these Terms and Conditions.

The legal relationships between the Clients and BETBULL are subject to Gibraltar law, with the exclusion of the reference laws of international private law.

The place of performance for all obligations arising from bets played by Clients as well as the obligations arising from the respective stakes, is Gibraltar.

Any disputes arising out of or in connection with bets placed by Clients are - as far as legally permitted - subject to the jurisdiction of the court having local and subject matter jurisdiction over Gibraltar.

BETBULL may amend the terms of this AGREEMENT at any time by posting the amended terms on the BETBULL Website. All amended terms shall automatically be effective immediately they are posted on the BETBULL Website. This Agreement was last revised on 21 October 2005. The continuing use of the BETBULL Website and the BETBULL Services by a Client following such modifications to this Agreement shall constitute acceptance of the new AGREEMENT and Clients will be bound by such modifications. If a Client does not accept any such changes, then his/her sole remedy is to cease using the BETBULL Services and withdraw any outstanding Client Account balance. You should print a copy of this Agreement as amended from time to time and retain it for your records.

BETBULL reserves the right to change the format of the BETBULL Website and other BETBULL Services.

We are not authorised to arrange contracts or transactions in investments or investment products or otherwise conduct investment business.

Consequently, Clients are prohibited from using the BETBULL Services for the purposes of engaging in transactions in investments or in any manner which would cause us to be considered to be arranging transactions in investments or otherwise engaging in investment business. Accordingly you undertake that, when using the BETBULL Services, you will not deliver or make any offer or series of offers which would (alone or together) if matched, create a "contract for differences" (that is, intended by both parties to end in the payment of differences); or rights under a contract for differences or under any other contract the purpose or pretended purpose of which is to secure a profit or avoid a loss by reference to fluctuations in (i) the value or price of property of any description or (ii) in an index or other factor designated for that purpose in the contract; or cause us otherwise to be considered to be arranging transactions in investments or otherwise engaging in investment business.

If any provision of this Agreement is held to be invalid, void or unenforceable by reason of any law, rule, administrative order or judicial decision, that determination shall not affect the validity of the remaining provisions of this Agreement.

The headings in this Agreement are for convenience of reference only and do not affect the construction or interpretation of any provision.

Notices and other communications delivered or mailed to the postal address or to the electronic-mail address provided by the Client shall, until BETBULL has received notice in writing of any different address, be deemed to have been personally delivered once sent whether actually received or not.

Each Client hereby agrees that this Agreement shall be binding upon his/her heirs, executors, administrators, personal representatives and assigns. This Agreement shall inure to the benefit of the Company and its successors, assigns and agents. We may assign our rights and duties under this Agreement to any of our subsidiaries or affiliates without giving notice, or to any other entity upon prior written notice.

The relationship of the Exchange and the Client established by this Agreement is that of independent contractors, and nothing contained in this Agreement shall be construed to: (i) give either party the power to direct and control the day-to-day activities of the other; (ii) deem the parties to be acting as partners, joint venturers, co-owners or otherwise as participants in a joint undertaking; or (iii) other than as stated in this Agreement, permit either party or any of either party's officers, directors, employees, agents or representatives to create or assume any obligation on behalf of the other party for any purpose whatsoever.

While every effort is made to ensure complete accuracy, BETBULL does not accept responsibility for any errors or omissions with regard to the display of selections or event times. BETBULL reserves the right to correct errors of timing and settlement. It is the responsibility of the member to ensure that he/she is aware of the rules relating to individual markets. BETBULL cannot accept liability for any errors in respect of the posting of prices by members. BETBULL cannot accept any responsibility for incorrect prices, results, live scores, times, general statistics and selections. BETBULL reserves the right to make changes in order to account for any error.

We reserve the right to amend the above rules at any time. The amendments will become effective from the time they are posted on the web site.

At the actual start time of an event, the relevant markets will be suspended and all unmatched bets will be cancelled with unmatched stakes returning to the accounts of members.

In the case of a market re-opening during an event, new bets may be made and accepted. In such instances, additional specific rules may be applicable. These will be clearly displayed on our website while the event is taking place. BETBULL reserves the right to void all bets matched after the actual start time of any event.

Please note that market rules can vary with regard to venue changes, postponements and abandonments. More specific information can be found in the rules for the sport in question.

If an event does not start at its scheduled start time, BETBULL will void the event after 36 hours unless it has been completed by this time. This stands true unless a specific sport's rule or market information section states something different. If an event starts but is abandoned, all bets will be voided after 36 hours unless completed.

BETBULL reserves the right to hold off settlement of any market until we are satisfied with the result. Our markets are settled according to the Press Association.

In the event of two or more selections dead-heating in a market, the sum of money involved in each individual matched bet will be divided proportionately among all involved parties, less commission.

If a venue change results in a match being played in the original away team's home venue, all bets will be voided unless explicitly stated in the market information.

Any 'to qualify' markets will be settled on the basis of a selection reaching the next stage of a competition as per the market information. If a selection qualifies but fails to take part in the next stage for any reason, the result will still stand. This includes disqualification and result amendment.

BETBULL will not manage 'Special Bets' markets unless specified in the market information. We advise all members to read the market information for each 'Special Bet' market they bet into as they all vary. All members are responsible for managing their bets in these markets and we advise caution, as it is possible results can be known before they are announced.

Points:

1) BETBULL reserves the right to suspend an in-running market or withhold turning an event in-running at any time if technical difficulties or loss of transmissions are encountered.

2) Users should be aware that transmissions described as live by some broadcasters may actually be delayed.

3) During in-running events there is a built in delay for processing bets. Depending on the sport this could be up to 10 seconds. Members must wait for confirmation after the delay that their bet has been placed.

4) A bet placed at an unmatched price, when the user confirms the bet, is not subject to an in-running delay, i.e. the bet will appear unmatched on the site instantly.

5) A bet placed at a price that will match, when the user confirms the bet, is subject to an in-running delay.

6) Important Note: Any bets placed where an in-running delay is in operation cannot be cancelled until the duration of the delay has been fulfilled. Unmatched bets can be cancelled thereafter.

7) A change to the stake of an in-running bet does not subject it to an in-running delay (hence the price with new stake will be immediately visible on the event card).

8) A change to a price such that the bet will not match is not subject it to an in-running delay. A change to a price such that the bet will match is subject to an in-running delay.

Unmanaged In-Running markets will not be actively managed In-Running by BETBULL. Unmatched bets will be cancelled at the scheduled start of the market only.

Please read and check your understanding of the points below as BETBULL will not accept any liability for members placing bets into Unmanaged Markets.

Points:

1) When a member is offering or accepting an existing bet, there will be a delay between the time that the member confirms the offer and the time that it is entered into the exchange. This delay will be specified in the market information.

2) The market will be turned In-Running at the scheduled start time, not the exact start time.

3) The market will be suspended after a period of time detailed in the market information.

4) Once In-Running, unmatched bets will not be cancelled at any stage by BETBULL until the market result has been confirmed.

5) Members should be aware that transmissions described as live by some broadcasters may actually be delayed.

6) We reserve the right, at our own discretion, to void a contract for any reason either before or after it is settled. The Company shall not be obliged to notify members of the reason for voiding a contract. The Company will release funds due to members when a contract is voided, except where fraudulent activity is suspected and is under investigation.

7) We reserve the right to recover from members any stakes returned or winnings paid out in error or which are the subject of a disputed contract.

If you have any further queries about this market, please contact our Helpdesk.

If a match is abandoned prior to its completion but the result is declared official by the NFL then all bets will stand. If a match is abandoned or postponed and lost from the schedule or scheduled to be replayed, all bets, other than those which have been unconditionally determined already, will be void, except in circumstances where the game is played at the original venue within 36 hours of the original scheduled start time.

(Also known as outright result). Money line bets are on the outright winner of the game. The winner of a game will be determined by the official result at the end of the game after regular time and any period of overtime played. This does not include any post-game disputes by either team that may change the final outcome of a game at a later point. If after overtime the result is still not decided all bets will be void and stakes returned.

(Also known as Points Spread). The Favourite in any NFL game is denoted by a minus sign in front of the point spread. The winning selection will be settled based on the stated handicap in the market applied to the result. If the final result fell on the number taken , then the wager shall be deemed a push, and the member has the stake returned.

The total line market is on the combined points scored by both teams in the match, including any points scored during overtime. If the final result fell on the number taken, then the wager shall be deemed a push, and the member's stake will be returned.

At the start of the match/tournament, BETBULL will offer in-running markets on selected matches and tournaments. At this stage all unmatched bets are cancelled and the market is turned in-running.. At no stage prior to the start of the match/tournament will BETBULL cancel any unmatched bets.

Once started, the in-running market will stay open until the conclusion of the match/tournament. For outright winner bets, BETBULL will cancel bets at the start of the Superbowl game.

When a member is accepting an existing offer, there will be a delay in the in-running market between the time that the member confirms the offer and the time that it is entered into the exchange. The delay may vary depending on the market and an exact delay is available in each individual market information section.

Should a competitor fail to compete in an event, all bets involving him/her relating to that particular event will be void. If an athlete competes but fails to finish, all bets will stand. In the case of a disqualification, the medals ceremony will be the determining factor in the settlement of bets. In the absence of a medals ceremony, bets will be settled on a 'first past the post' basis in accordance with official IAAF results. Bets on abandoned or postponed events are void unless the event is held at the original venue within 36 hours of the original scheduled start time.

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.

Bets on bandy games will be decided after 80 minutes play unless otherwise stated. This includes injury time but not extra time, golden goal or penalty shoot-out unless stated within the market information.

In certain tournaments, we will enable members to offer odds for a team to progress to the next round. It is the member's responsibility to ensure that the correct option is chosen before accepting a bet. Bets are void if: the official time clock has not reached 85:00, a postponed or abandoned match is not played at the original venue, or is not played to completion within 36 hours of the original start time.

Bets are not void if the official time clock has reached 85:00 or more, or if the match is played 3x30 minutes instead of 2x45 minutes.

If a match does not start on the stated date all bets will be void.

This market is on the outright result of the match, including extra innings if applicable. At least 5 innings must be played (or 4.5 if the home team is ahead).

This market is a handicap market. The team with the plus (+) handicap receives a start from the team with the minus (-) handicap. This market includes extra innings, if played. Matched bets on this market stand only if at least nine innings are completed (eight and a half if the home team is ahead).

This market is on the total number of runs that will be scored. Extra innings are included, if applicable. Matched bets on this market stand only if at least nine innings are completed (eight and a half if the home team is ahead).

Home runs scored during the pre and post-season games will not count for this market. If a player is traded to another team, his runs will be the total combined scored for both teams. If a player is injured during the season bets will stand. Players may be added to the market during the course of the season.

For any markets involving a 'Listed Pitcher', all bets will be void if the 'Listed Pitcher' does not start. These will be clearly displayed in the market information.

All BETBULL baseball rules displayed apply to Major League Baseball. All European Baseball is governed by the rules displayed in the market information.

Bets will be settled on the official final score, including overtime. If a match is abandoned before 43 minutes have elapsed, all bets will be void unless the result of the market in question has been fully determined (e.g. halftime handicap). If an official result is declared all bets will stand. Bets on cancelled or postponed matches are void unless the match is played on the scheduled date.

All BETBULL basketball rules displayed apply to the National Basketball Association. All European basketball is governed by the rules displayed in the market information.

A boxer is deemed to have competed once the bell has sounded for the first round. 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. Bets that nominate 'to win on points' will only be deemed winners if the full number of rounds is completed. If a boxer fails to answer the bell, the fight will be deemed to have ended in the previous round. If for any reason the selected number of rounds on which a market is based is changed, all round-by-round bets will be void. All bets will be settled on the official result at the end of the fight. Any subsequent amendments to the result will not affect settlement.

Bets on abandoned or postponed fights are void unless the fight is staged within 36 hours of the original scheduled start time. If a fight is postponed all bets will stand for 36 hours only. If the match is relocated to another country after BETBULL has opened the market, all bets will be void. If a boxer withdraws or is substituted before the match starts, all bets will be void.

Joint winners of chess tournaments will be settled as dead heat winners. 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.

To allow for the toss, match markets will be turned in-running or suspended thirty minutes before the scheduled start time. See market rules for exact details on individual matches and outright market rules.

If a ball has not been bowled, bets will be void.

In the event of a change of venue, bets are void if the new venue is the home ground of the original away team.

If a match is affected by weather, or shortened for any other reason, match results will be settled by the official result. This includes matches settled by the Duckworth-Lewis method.

Thirty minutes before the scheduled start time, the match markets will be suspended and turned in running. At this point, all unmatched orders will be cancelled. Once started, the in-running market will stay open until the conclusion of the match. At no stage will BETBULL cancel any unmatched bets.

When a member is accepting an existing offer in an in-running market, there will be up to a 5 second delay between the time that the member confirms the order and the time that it is entered into the exchange.

All bets on Match Betting markets will be void if the official result is a tied match in any Test, County or Limited Overs match. In the event of a match being decided by a bowl-off or toss of the coin all bets will be void, unless market information states otherwise.

If any player named in any 'Top Team Batsman' market is not chosen, 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.

The result of this market is determined by the total number of runs scored by a team in the course of an innings.

Should a competitor fail to compete in an event, all bets involving him/her relating to that particular event will be void. In the case of a disqualification, the podium ceremony will be the determining factor in the settlement of bets.

In the absence of a podium ceremony bets will be settled on a 'first past the post' basis. Bets on postponed events are void unless the race is held at the original venue within 36 hours of the original scheduled start time. In the event of a race, which has already started, being abandoned, bets will stand on the official result at that time.

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 markets involving set betting, total games, correct score, next leg winner and handicap will be void.

All bets will stand if the venue changes after the market has opened.

Members are responsible for their own positions and at no point will unmatched bets be cancelled by the exchange.

Members 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.

Members 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.

All GAA match bets apply to the full match duration, unless otherwise stated. This includes injury time but not extra time. 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.

If a tournament is shortened for any reason, all bets will be settled on the official result, regardless of the number of rounds played. However, should there be no play after an offer is matched, that contract will be void. Once a player has teed off, all bets for or against that player will stand.

In exceptional circumstances, most likely caused by weather delays, where an original two ball is joined by another player, or where it is split up so that both players are playing in other groups, all bets placed will stand, so long as both players complete the round in question.

The winner is the player with the better finishing position. A player that makes the cut will be deemed the winner over a player that misses the cut. In the case of both players missing the cut, the player with the better score will win the match. If a player retires or is disqualified before the cut, his opponent is deemed the winner for match purposes. If both players retire or are disqualified before the cut all bets on that match will be void. If a player retires or is disqualified after making the cut, he will be deemed the winner over a player who misses the cut. If both players retire or are disqualified after the cut all bets on that match will be void. If both players tie for first and a playoff is used to divide them, this will determine the outcome of the match.

If one of the players fails to complete the round or is disqualified, the other player will be deemed the winner in two ball markets. In three ball markets the winner will be determined from the remaining pair. If both players fail to complete the round or match, or are disqualified, all bets will be void in two ball markets. All players must tee off for bets to stand. If the match is a tie, dead-heat rules apply. In 2/3 ball betting the winner will be the player in the pairing or group with the lowest score over 18 holes.

Should a competitor fail to compete in an event, all bets involving him/her relating to that particular event will be void. In the event of a tie for first place, the result of the play-off will determine the winner.

At the start of the tournament, all unmatched bets are cancelled and the market is turned in-running. At no stage prior to the start of the tournament will BETBULL cancel any unmatched bets.

Once started the "outright" in running market will stay open until the conclusion of the tournament. At no stage will BETBULL cancel any unmatched bets.

When a member is accepting an existing offer, there will be a 3 second delay in the in-running market between the time that the member confirms the offer and the time that it is entered into the exchange.

Groups will consist of four or more players and the winner will be the player achieving the highest placing at the end of the tournament. If a player retires or is disqualified after teeing off, they are regarded as a loser. Any player missing the cut will be considered a loser. If all of the players miss the cut, the lowest score after the cut has been made will be the winner. If a player doesn't start they are regarded as a non-runner and a deduction will apply. Dead heat rules apply except where the winner is determined by a play-off.

These markets will be settled according to the number of places in the market information. Dead heat rules apply except where a winner is determined by a play-off. Should a competitor fail to compete in an event, all bets involving him/her relating to that particular event will be void. In the event of a tie for first place, the result of the play-off will determine the winner.

If a non-runner or reserve runner is declared, BETBULL will void all matched bets and cancel any unmatched bets. A new market will then be opened. If the venue is changed after the markets are opened, all bets will be void and the markets set-up again. If a race finishes with no runners or the race is declared void, 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.

For all markets, bets placed on handball games are 60 minutes play only, and exclude overtime and penalty shoot-out if played.

All bets will be settled according to the official result at the time of the "weigh-in". If a race venue or running surface (e.g. turf/dirt) is altered, all bets made and bets entered into before the alteration will be void.

If a race is postponed / abandoned all bets, including ante-post bets, will be void. If a race is postponed but run at the same venue within 60 hours of the original scheduled time, all bets will stand.

In the event of a false start or similar incident resulting in a race being re-run, 'under starters orders' is negated and stakes will be refunded on horses taking no part in the re-run, with returns on the remaining runners subject to a deduction.

Ante-post betting is deemed to finish at the final declaration stage. Any bets entered into the ante-post market before the final declaration stage will stand whether the horse runs or not unless the horse is balloted out.

Bets matched on horses after they have forfeited their entry at an entry stage are void unless that race has a later supplementary entry stage. No BETBULL non-runner rule deductions are made to ante-post bets.

If a race is postponed or rescheduled to another time at the same venue and the conditions of the race do not change, then ante-post bets will stand unless entries are re-opened.

Ante-post bets are void if the race is officially abandoned or declared void or the conditions of the race are altered.

If BETBULL is made aware that a horse listed in an ante-post market has died, all ante-post markets containing the selection will be suspended. If BETBULL is satisfied that all the information presented is factual, the selection will be removed from the market and the market reactivated. BETBULL will void all bets on this market from midnight on the date of the death if believed appropriate. In the instance of a horse dying on the racetrack while it is entered in any of our ante-post races, BETBULL will void all bets on those ante-post races from the start time of the race in question. Where a horse dies on the track, while not engaged in a race (e.g. when going down to post), BETBULL will void all bets at a time of our discretion.

BETBULL reserve the right at any time to suspend the market for administrative purposes.

For UK and Irish Horse Racing, card numbers are posted only as a guide. The bet itself is placed on the named horse.

The number of runners in the declarations determines the numbers of place horses, unless non-runners become known. Markets will be settled as follows:
5-7 runners 1st and 2nd
Non-handicaps
8+ runners 1st, 2nd and 3rd unless stated within the market information.

8-15 runners 1st, 2nd and 3rd unless stated within the market information.
16+ runners 1st, 2nd, 3rd and 4th unless stated within the market information.
Once the market is displayed, any further non-runners will not affect the number of places. If the situation occurs where the number of winners equals the number of runners, all bets in this market will be void. Card numbers are posted only as a guide. The bet itself is placed on the named horse.

The Place element of your EACH WAY bet will be settled according to the number of places determined by the number of selections who actually participate. The general place terms are shown below. This market will remain open until the OFF.

4 Places if 16 runners or more - 1/4 odds
3 Places if more than 11 runners and less than 16 runners - 1/4 odds
3 Places if more than seven runners and less than 12 runners - 1/5 odds
2 Places if more than four runners and less than eight runners - 1/4 odds

3 Places if eight runners or more - 1/5 odds
2 Places if more than four runners and less than eight runners - 1/4 odds
*In the event of there being less than five runners in any market, all bets will be voided and stakes returned.

For US Horse Racing, card numbers are posted only as a guide. The bet itself is placed on the named horse. Horses are not coupled for betting purposes. Horses running for purse only will be deemed to be a non runner and all bets will be void.

The number of runners in the declarations determines the number of place horses, unless non-runners become known. Markets will be settled as follows: 5-7 runners 1st and 2nd. 8+ runners 1st, 2nd and 3rd unless stated within the market information. Once the market is displayed, any further non-runners will not affect the number of places. If the situation occurs where the number of winners equals the number of runners, all bets in this market will be void. Card numbers are posted only as a guide. The bet itself is placed on the named horse. Horses are not coupled for betting purposes.

For German Horse Racing, card numbers are posted only as a guide. The bet itself is placed on the named horse.

The number of runners in the declarations determines the number of place horses, unless non-runners become known. Markets will be settled as follows: 4-6 runners 1st and 2nd. 7+ runners 1st, 2nd and 3rd unless stated within the market information. Once the market is displayed, any further non-runners will not affect the number of places. If the situation occurs where the number of winners equals the number of runners, all bets in this market will be void. Card numbers are posted only as a guide. The bet itself is placed on the named horse.

Please note: Occasionally horses can participate in a race but the racing stewards have deemed it will not be included for betting purposes. This can happen if there is a jockey change and the weight due to be carried has changed considerably. Should this happen a runner will be treated exactly the same as if it was a non-runner and the deduction factor will therefore be applied.

For French Horse Racing, card numbers are posted only as a guide. The bet itself is placed on the named horse. Horses are not coupled for betting purposes.

The number of runners in the declarations determines the number of place horses, unless non-runners become known. Markets will be settled as follows: 4-7 runners 1st and 2nd. 8+ runners 1st, 2nd and 3rd unless stated within the market information. Once the market is displayed, any further non-runners will not affect the number of places. If the situation occurs where the number of winners equals the number of runners, all bets in this market will be void. Card numbers are posted only as a guide. The bet itself is placed on the named horse. Horses are not coupled for betting purposes.

In a match market set up as Horse A versus the field, all bets will stand providing Horse A and at least one horse representing the field run. In a match market set up as Horse A versus Horse B, if one or both horses are declared non-runners prior to coming under starter's orders, all bets on that match will be void. If neither horse completes the course, the horse which has completed more of the course shall be deemed the winner. In the case of trotting races if both horses are disqualified all bets on that match will be void.

Total 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 that have completed the race and followed the correct course.

For the purpose of this bet the maximum distance on any individual race will be 12 lengths for Flat races, 10 lengths for Trotting races and 30 lengths for National Hunt races. 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 a meeting has three or more races abandoned or declared void, then all 'winning distance' bets, except those that have been unconditionally determined, will be void.

When only one or two races are abandoned or declared void 'winning distance' bets will be settled with a default distance used for each abandoned or void race. The following distances will be applied:

- Flat: 2 lengths
- Trotting: 2.5 lengths
- Jump racing: 6 lengths

In the case of a Walkover or no horse finishing the race the following distances will be applied:

- Flat: 2 lengths
- Trotting: 2.5 lengths
- Jump racing: 6 lengths

All horse racing markets displayed on BETBULL are subject to a Rule 4 deduction, in the event of a non-runner. The deduction factors are an adaptation of Tattersalls Rule 4 and take account of the differences between traditional and exchange betting. The deduction factors are in place to ensure the smooth and fair running of the horse racing markets on the exchange. BETBULL reserves the right to adjust deduction factors at any time.

All runners will have a Rule 4 deduction rate allotted to them from the opening of the market. This will be determined by BETBULL with reference to the Racing Post and other information sources. The rate for each runner will be published on the website at the time that the market goes live. The sum of the deduction rates on all runners at the opening of the win market will equal 100%.

As soon as BETBULL becomes aware of a non-runner in a race, that horse will be removed from the betting and denoted as such on the event card. All bets placed on the non-runner will be voided. If the race is in-running and a withdrawal is not possible due to a lack of confirmation, BETBULL reserves the right to withdraw and apply a deduction after the race.

In the Win and Each Way markets if the deduction factor of the non-runner is greater than 2.5%, the odds of all the matched bets on the remaining horses will be reduced by the amount of the non-runner's final deduction factor, and all the unmatched bets to Lay any of the remaining horses will be cancelled. If the non-runner's deduction factor is 2.5% or less in a win market no deductions will be made and no unmatched bets will be cancelled. In Place markets the deduction factor of all non-runners will be applied and the odds of matched bets on the remaining horses will be reduced by an amount equal to the non-runner's final deduction factor. If the non-runner's deduction factor is less than 4% in the place market no deductions will be made and no unmatched bets will be cancelled.

As a result of any non-runner, all the deduction factors on the remaining horses will be adjusted to reflect their improved chance of winning.

Horse A with a deduction rate of 15% is withdrawn and an order has been matched on another horse, Horse B, at odds of 5/1 or 6.00. The matched part on the horse at 6.0 is recalculated to reflect this (6.0 x 0.85 = 5.10). Therefore, Horse B's matched price is now 5.10. All other unmatched lay offers will be cancelled (providing the deduction factor is greater than 2.5%). All back bets (matched) will be subject to the same calculation, i.e. (odds of every horse x 0.85) All back bets (unmatched) will remain unchanged at the requested odds.

1) If deduction factor is less than 2.50 no unmatched orders will be cancelled.
2) Deduction factors are calculated on full odds 5/1 or 6.0
3) The deduction rate applies only to bets placed before BETBULL deems a horse to be a non-runner. Any bets placed after this time will not be subject to the original deduction.
4) Odds may be reduced further if other horse (s) are subsequently declared a non-runner(s)
5) If the combined deduction factors of 2 or more horses is 2.5 % or greater odds will be reduced as shown in the Example: Win Markets above

1) If deduction factor is less than 2.50 no unmatched orders will be cancelled.
2) Deduction factors are calculated on full odds 5/1 or 6.0
3) The deduction rate applies only to bets placed before BETBULL deems a horse to be a non-runner. Any bets placed after this time will not be subject to the original deduction.
4) Odds may be reduced further if other horse (s) are subsequently declared a non-runner(s)
5) If the combined deduction factors of 2 or more horses is 2.5 % or greater odds will be reduced as shown in the Example: Win Markets above.
6) If a non-runner reduces the number of places into another band, then the revised place terms will be applied to all bets in the market.

See the relevant country's place betting rules for place terms for each way markets Example: Place Markets: Horse C with a deduction rate of 15% is withdrawn and an order has been matched on another horse, Horse D, at odds of 5/1 or 6.00. The win portion of matched bets will be reduced by 15% (win portion 5.0 x 0.85 +1.0 = 5.25). Therefore, Horse B's matched price is now 5.25. All other unmatched back/lay offers will be cancelled (providing the deduction factor is 4% or greater)

1) If deduction factor is less than 4.0% no unmatched orders will be cancelled.
2) Unmatched orders will not be cancelled when a horse is withdrawn in a place market.
3) Deduction factors are calculated on odds, not stake
4) The deduction rate applies only to bets placed before BETBULL deems a horse to be a non-runner. Any bets placed after this time will not be subject to the original deduction.
5) Odds may be reduced further if other horse (s) are subsequently declared a non-runner(s)
6) If the combined deduction factors of 2 or more horses is 4.0% or greater odds will be reduced as shown in the Example: Place Markets: above.

Please note you can set your own personal preference option regarding R4 calculations by clicking onto the My Preferences section of your account and amending accordingly.

If the aggregate deduction factor of 2 or more horses, whose deduction factors did not previously affect bets, reaches 2.5% or greater, all bets matched at that time will be reduced in line with this aggregated deduction factor

If the combined aggregate deduction factors of 2 or more horses is 2.5 % or greater odds will be reduced as shown in the example:

. Matched bets not re-priced as deduction factor is less than 2.5%
. But sum of Deduction factors on runners is reduced from 100% to 98.5%

. 1% of 98.5% = 0.98%, + previous deduction of 1.5% = aggregate deduction factor of 2.48%.
. Aggregate deduction is less than 2.5% so Matched bets are not re-priced but the sum of Deduction factors on all runners is further reduced to 97.52%

. 0.5% of 97.52% = 0.49 + previous deductions of 2.48% = aggregate deduction factor of 2.97%.
. As aggregate is now at 2.5% or greater, all bets matched on this race up before the 2.5% or greater aggregate was reached, are now re-priced according to the aggregate deduction factor of 2.97%
. After the re-pricing, the sum of deduction factors on all runners has now reverted back to the normal 100%

If the combined aggregate deduction factors of 2 or more horses is 4.0% or greater odds will be reduced as shown in the Example: Aggregate Deductions

Example Aggregate deduction factors Place Market:

. Matched bets not re-priced as deduction factor is less than 4%
. But sum of Deduction factors on runners is reduced from 100% to 98%

. 2% of 98% = 1.96%, + previous deduction of 2% = aggregate deduction factor of 3.96%.
. Aggregate deduction is less than 4% so matched bets are not re-priced but the sum of Deduction factors on all runners is further reduced to 96.04%

. 1% of 96.04% = 0.96 + previous deductions of 3.96% = aggregate deduction factor of 4.92%.
. As aggregate is now at 4% or greater, all bets matched on this race up before the 4% or greater aggregate was reached, are now re-priced according to the aggregate deduction factor of 4.92%
. After the re-pricing, the sum of deduction factors on all runners has now reverted back to the normal 100%

Bets will be settled on the official final score, and overtime will count for all markets unless otherwise specified. At least 55 minutes must be played for bets to stand. If a match is abandoned after play has started, handicap and total goals bets are void. If any markets have been decided before the game is abandoned, these markets will be settled. Games lasting under the official time will be void. All ice hockey games must start on the scheduled date for bets to stand.

All BETBULL ice hockey bets displayed apply to the National Hockey League. All European ice hockey is governed by the rules displayed in the market information

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.

The outcome of bets will be determined according to the number of points accumulated following the final race of the season and will not be affected by any subsequent enquiries. Should a driver fail to compete in the Championship, all bets involving him will be void.

Podium positions are final for settlement. The warm-up lap counts as the start of each race.

In the event of a dispute regarding qualifying time/position, the official times will be used to settle bets.

If a race is abandoned and no podium ceremony takes place, then all bets shall be void.

In the event of neither driver completing the race, the winner will be deemed to be the driver who has completed more laps, according to the authority body, immediately after the race.

All bets will be settled on the official result 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.

If a crew, or individual, fails to start a competition or race, all bets on that crew or individual will be void including bets in race markets, which include that crew or individual. If they fail to complete the race they will be deemed a loser. If nobody completes the race, all bets are void.

Podium positions will count as the official result, regardless of any subsequent disqualification or amendment to the result. If there is no podium ceremony, results will be determined in accordance with the official result of the relevant governing body.

All rugby match bets apply to full 80 minutes play unless otherwise stated. This includes injury time but not extra time. In the case of a change of opponent from the one advertised, all bets for that match are void. If there is a change of venue, all bets will stand unless the match is played at the ground of the team listed as away. 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, except markets that have been completely decided (i.e. first try scorer after a try has been scored).

Should a player fail to compete in an individual match or an event, all bets involving him/her 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.

At the start of the match/tournament BETBULL will offer in-running markets on selected matches and tournaments. At this stage all unmatched bets are cancelled and the market is turned in-running. At no stage prior to the start of the match/tournament will BETBULL cancel any unmatched bets.

Once started the in-running market will stay open until the conclusion of the match/tournament. At no stage will BETBULL cancel any unmatched bets unless stated in the market information.

When a member is accepting an existing offer, there will be a delay in the in-running market between the time that the member confirms the offer and the time that it is entered into the exchange.

In the case of a match not being completed, all handicap bets will be void.

All football match bets apply to full 90 minutes play unless otherwise stated. This includes injury time but not extra time, golden goal or penalty shoot-out. In certain tournaments a member may also bet for a team to progress to the next round, and it is the member's responsibility to ensure that the correct option is chosen before accepting an offer. In the event of a change of opponent from the one advertised, all bets for that match will be void. In the event of a change of venue, all bets will stand unless the match is played at the ground of the team listed as away.

At the start of the match, all unmatched bets are cancelled and the market turns in-running. Bets in this market refer to the full 90 minutes play, including injury time but excluding extra time and penalty shoot-outs, if applicable.
Markets will be temporarily suspended if it appears that (a) a goal has been scored, (b) a penalty will be awarded or (c) a player will be sent off. If a goal is actually scored or a player is actually sent off, all unmatched bets will be cancelled and the market re-opened. Excluding these instances, the market will remain open at all times.
When a member is accepting an existing offer, there will be a delay in the in-running market between the time that the member confirms the offer and the time that it is entered into the exchange. The delay may vary depending on the market and an exact delay is available in each individual market information section.
In the event we are unable to manage an in-running market due to technical reasons or due to the loss of pictures, we reserve the right to suspend the market until such a time that this is rectified. Please be advised that all bets placed into markets that turn in-running are subject to the above condition and we will accept no liability for members not being able to trade positions due to the above circumstances.

All Asian Handicap bets apply to full 90 minutes play unless otherwise stated. This includes injury time but not extra time, golden goal or penalty shoot-out. If a match is abandoned, all bets struck will be void regardless of the number of goals already scored.

All orders on the Asian Handicap Running Ball are settled according to the score line for the remainder of the game after the bet has been submitted. The result is based on the final score less the score when the bet was placed, i.e. any goals scored in the game prior to your bet being placed are ignored for settlement purposes.

Example: Full time 3-1 minus Score when bet placed 1-0 = Settlement based on 2-1 Score line.

All Asian Handicap Under/Over bets apply to full 90 minutes play unless otherwise stated. This includes injury time but not extra time, golden goal or penalty shoot-out. If a match is abandoned, all bets struck will be void regardless of the number of goals already scored.

All Correct Score bets apply to full 90 minutes play unless otherwise stated. This includes injury time but not extra time, golden goal or penalty shoot-out. If a match is abandoned, all bets struck will be void regardless of the number of goals already scored.

All Halftime-Fulltime bets apply to full 90 minutes play unless otherwise stated. This includes injury time but not extra time, golden goal or penalty shoot-out. If a match is abandoned, all bets struck will be void regardless of the number of goals already scored.

All Halftime bets apply to the first 45 minutes play unless otherwise stated. This includes injury time. If a match is abandoned, all bets struck will be void unless the half has been completed.

If a match is abandoned, all bets struck on a total goals market will be void regardless of the number of goals already scored.

Bets struck on the number of corners in a match will be settled on the basis of corners taken rather than corners awarded. If, therefore, a corner is awarded at the end of the match but the final whistle blows before it is taken, it will not count for betting purposes. If a match is abandoned, all bets struck on a corners market will be void regardless of the number of corners already taken.

All Halftime-Fulltime bets apply to full 90 minutes play unless otherwise stated. This includes injury time but not extra time, golden goal or penalty shoot-out. If a match is abandoned, all bets struck will be void regardless of the number of goals already scored. In the event of 0-0 draw, the result will be settled as an EVEN number of goals.

Bets will be voided on any player who takes no part in the match or who comes on as substitute after the first goal has been scored. BETBULL will settle the market when the Press Association confirms the first goalscorer and the PA will be the ruling body in any dispute over the goalscorer. Own goals do not count. Subsequent appeals or rulings will not be considered.

This market is settled based on a player to score in 90 Minutes, plus injury time. The player does not need to play the full match, with bets standing if the player plays any part in the match. BETBULL will void all bets on players not playing. BETBULL will settle the market when the Press Association confirm goalscorers and the PA will be the ruling body in any dispute over goalscorers. Own goals do not count.

This market is settled based on the team who scores the named goal in the market. Own goals do not count. The market is settled on 90 minutes plus injury time only.

Should a match be abandoned before 90 minutes play, all bets will be void, with the exception of time of first goal and half-time markets. If there is a market on half time scores all such bets will stand providing the first half has been completed. Postponed matches are void unless played at the original venue within 36 hours of the original scheduled start time.

Bets relating to the finishing position of teams will be decided at the end of the scheduled programme of matches with no allowances for play-offs or subsequent deductions of points, with the exception of Serie A where, in the event of two or more teams finishing with the same number of points, finishing positions will only be determined after the play-offs have taken place.

At the start of events, all unmatched bets are cancelled and the market is turned in-running. Bets in this market refer to the full duration of the event.

When a member is accepting an existing offer, there will be a delay in the in-running market between the time that the member confirms the offer and the time that it is entered into the exchange.

In the event of uncertainty regarding any result, the determination of the relevant football authority, as notified by the Press Association, will be used to determine the outcome of the game.

Should a competitor fail to compete in an event, all bets involving him/her relating to that particular event will be void. In the event of a change of venue or playing surface, all bets 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 case of a final will be deemed the winner. In the event of a change in the number of sets completed, match bets will stand but set and handicap markets will be void. This is based on at least one set being completed. If less than one set is completed all bets will be void. In the event of a change of venue or playing surface, all bets will be void.

At the start of the tournament, all unmatched bets are cancelled and a new in-running market is opened. At no stage prior to the start of the tournament will BETBULL cancel any unmatched bets.

Once started the "outright" in running market will stay open until the conclusion of the tournament. At no stage will BETBULL cancel any unmatched bets unless stated in the market information section. In the event of a change of venue or playing surface, all bets will be void.

When a member is accepting an existing offer, there will be a delay in the in-running market between the time that the member confirms the offer and the time that it is entered into the exchange.

Podium positions will count as official results, regardless of any subsequent disqualifications. If there is no podium ceremony, outcomes will be determined in accordance with the official FIS/IBU result.

If an event is postponed or interrupted, all bets will be void unless the event is completed within 7 days or a result is unconditionally determined by FIS/IBU. If a competitor fails to start an event, all bets on that competitor will be void. In head-to-head match-ups, at least one skier must complete both runs for bets to stand. The competitor or team progressing furthest in the event will be deemed the winner.

In skiing match bets, the market will be void if either skier fails to qualify and start an event. Bets will also be void if both skiers fail to finish an event or fail to obtain an official FIS/IBU position.

Both skiers must start both sections of the event (ski jumping and cross country) or bets will be void.

One valid jump is enough for a competitor to achieve a result for the event, qualification included.

Multiple bets consist of at least a bet involving two or more selections in different events. All selections selected in multiple bets are subject to BETBULL "Company Rules" In the event of one or more of your selections/teams etc not taking part your bet will revert to the multiple immediately preceding your original bet. A treble becomes a double; a double becomes a single etc. Related contingency bets are not accepted and will be prompted with a submission error pop up. When the same selection is taken to win more than one event, the only bets available are singles. When we offer betting opportunities from the same event, these cannot be combined in accumulative bets where the outcome is related.

For example,
Champions League - Real Madrid to win 3-0 and to win the match cannot be combined in a double. Double - A Double is one bet on two selections in different events. Both selections must be successful to have a return Treble - A Treble is one bet on three selections in different events. All three selections must be successful to have a return Fourfold - A Fourfold is one bet on four selections in different events. All four selections must be successful to have a return. Fivefold - A Fivefold is one bet on five selections in different events. All five selections must be successful to have a return.

A maximum of 10 selections can currently be combined in multiples and the following combinations are currently available: