Sports Betting Rules Spread Meaning

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Settlement of our sports spread betting Markets are governed by the following conditions, save where the rules relating to a particular sport, Market or Index provide otherwise.
Where there is a conflict between the following conditions and a particular individual sports rule, the individual sports rule prevails.
1.2. Event Not Taking Place or on Which There is No Play Following Placing of Bet
Any Bet, open or closed, which is: (i) on an event which does not take place; or (ii) on an event which has begun but in which there is no further activity after the Bet is placed, shall be void.
Where a Market is traded in-play or at intervals (e.g. a football player performance index updated at half- time) and the underlying event is abandoned, then, if there is a tradeable quote on the Market when play ceases, the Market will be settled at the midpoint of the quote. Where there is no tradeable quote at the time when play ceases, any Bet on the Market, open or closed, shall be void. Markets traded in-play where the result is known at the time of abandonment will be settled on the basis of that result. If Markets are not traded in-play then, in the case of abandonment, all Bets will be void irrespective of whether the Markets have made up or not. Where play ceases at the start of an interval (e.g. half-time) in which a Market is to be updated, and the Market is then updated, the first tradeable quote following the cessation of play is to be treated as the tradeable quote on the Market when play ceases for the purposes of this condition. It should be noted that the effect of abandonment of horse and greyhound race meetings is covered by rules specific to those sports.
Subject to any specific sports rule to the contrary, where an event which is scheduled to be completed within one day is not completed within 24 hours of the day on which it was scheduled to be completed, all Bets on that event which have not yet made up, whether open or closed, shall be void, unless the Market is being traded in-play or at intervals, in which case the Market will be settled at the midpoint of the first updated quote following the last action to take place in the event. All Bets placed after the last completed action in the event will be void, whether open or closed. 
Where an event which is scheduled to be completed over a period of two or more days is not completed within three months of the day on which it was scheduled to be completed, all Bets on that event which have not yet made up, whether open or closed, shall be void, unless the Market is being traded in-play or at intervals, in which case the Market will be settled at the midpoint of the first updated quote following the last action to take place in the event during that three-month period. All Bets placed after the last completed action in the event will be void, whether open or closed. For the avoidance of doubt, where an event is completed on the day scheduled for completion, but at a later time than scheduled, that does not affect the settlement of any Bet on that event. Where an event such as a one-day cricket match is scheduled to be completed within one day, the fact that arrangements might be made in advance for the match to be completed on some other day in the event of rain or some other contingency does not alter the fact that the event is to be treated as being scheduled to be completed within one day.
Any Bet, whether open or closed, shall be void where: (i) the Bet is placed on a participant who takes no part in the subject event; or (ii) the Bet is placed on a participant who takes no further part in the subject event after the Bet is placed. Notwithstanding the foregoing, in the case of entertainment/other indices where participants are evicted or voted out, such participants will continue to be quoted and traded on until the final result of the programme is known. Where a Bet is placed on a participant who proceeds to the next stage of an event by virtue of a walkover, that Bet will be rebooked at the next tradeable price reflecting his progress to that next stage. Where a named participant in an Index is withdrawn prior to the commencement of the event, Bets on other participants in that event will be governed by the spread betting version of Tattersalls’ Rule 4 (see Horse Racing rule (J)), which deals with deductions in the event of non-runners, unless otherwise stated. Changes in the names of any participant that has no impact on the overall structure of the underlying event on which we have based a Market will not affect the standing of any Bets on that Market.
1.6. Bets are Placed on Future Events
Any Bet placed when the price is based on an inaccurate score ‘so far’ may be re-rated so that it operates as a Bet on the future. This means that, for instance, where a Market is made in football bookings at 24 - 27 on the basis of no bookings at that stage, and where there has in fact been one booking scoring 10 points, any trade at that price is adjusted so that it becomes a trade at 34 - 37. This re-rating will always reflect the real impact of amending an inaccurate score ‘so far’. The above provision is subject to our overriding discretion to void any Bet made on the basis of incorrect information. All Bets should be Bets on future events whose outcome is yet to be determined. If for whatever reason a Bet is placed on an event whose outcome is capable of being known at the time at which the Bet is being placed, the Bet can be voided at our absolute discretion (whether the outcome is in fact known to the client or not). We also reserve the absolute right to void any Bet placed on a Market on an event after that event has begun, unless we are quoting prices on that particular Market in-play, or the Bet is placed during an interval in which the prices have been updated.
The official result is final for settlement purposes except where specific rules state the contrary. The official result will be determined according to our reasonable opinion, such opinion being formed by reference to all publicly available evidence. The podium presentation in Grand Prix racing and the medal ceremony in athletics and any similar official ceremony or presentation in other Sports are to be treated as the official result. Where in our reasonable judgement no official result is available, the result will be:
(i) determined by an independent authority whose verdict shall be final for all purposes, or
(ii) otherwise determined in accordance with our reasonable opinion, such opinion to be formed by reference to all available evidence.
Bets will provisionally be settled by reference to all available evidence, but if the result which is determined as set out above differs from the result used for provisional settlement, settlement may be retrospectively adjusted so as to reflect the result so determined. Final settlement of Bets will occur as follows:
(i) Bets on Markets scheduled to be completed within one day will be finally settled within three days of the day on which the underlying event is completed;
(ii) Bets on Markets scheduled to be completed over a period of two or more days will be finally settled as soon as is practicable after the underlying event is completed, and there will be no adjustment to the make-up of any such Market after the final settlement.
Bets on an individual event are Bets on the period originally scheduled for the event including injury time but excluding extra time (but with specific exceptions for rules governing certain American Sports). Where betting takes place in a particular unit of time about the duration of an event or the length of time until an occurrence in that event, all such Bets will be settled as if the occurrence occurred at the end of the unit of time in which it occurred. So if there was betting on the duration of a Boxing fight in minutes, and the fight ended after one minute and seven seconds, the make-up would be two minutes. If an event occurs after scheduled time has elapsed, it will be treated as having occurred at the end of the scheduled period. So if a first half goal were scored once the 45th minute of the game had started, the make-up would be 45 minutes even if the goal was scored in injury time. The blowing of the whistle immediately following the ball crossing the line in Football, or being touched down in Rugby or American Football, will be deemed to be the time of the occurrence of the event, notwithstanding any subsequent referral of the decision by the referee to a third party for confirmation or adjudication, as long as the event is confirmed.
1.9. Non-Mainstream Markets; Unusual Situations & Special Markets
Markets may be made (i) in Sports which we do not regularly cover; (ii) about political, reality TV shows and other events and results and (iii) may also be offered as ‘Specials’ on individual Sports events on which we would offer our usual range of Markets in the normal course of business. In respect of all of the above, situations inevitably will arise from time to time which have not been specifically addressed herein. Such Markets will be settled in accordance with the conditions published in the Market explanation notes on Our websites which can normally be found by clicking on the i graphic within the Market listings (‘Web Notes’). In the event of an inconsistency betweenthe Web Notes and any relevant conditions contained within the Rules, the Rules shall prevail (although we would encourage you to inform us if you have reason to believe there is any inconsistency between any Web Note and these Rules). In the absence of relevant conditions within Web Notes such Markets and situations will be settled on a basis which conforms as closely as is reasonable to these conditions, and by reference to similar Markets in regularly covered Sports. Our decision as to where parallels may most fairly be drawn shall be final.
1.10. Markets Involving Stipulations
Certain Markets involve stipulations which must be met if the Market is to stand, e.g. that a batsman whose runs in a test series are being traded must play two tests. Where the stipulation or stipulations is/are not met, any Bet on that Market shall be void whether open or closed.
1.11. Curtailment of Long-Term Markets
If any long-term Market is curtailed with no further play possible then the following settlement principles will be applied: (i) where an official result is declared, settlement will be based on the official result; (ii) where an official result is not declared, all Bets that have not made up will be settled at the mid-Market quote available immediately after the last completed game/play of the tournament. Closed Bets will stand, but all Bets, whether open or closed, placed after the last completed action will be void. Where further play is possible, e.g. a league season where one team does not fulfil its fixture commitments, a long-term Market will be considered as curtailed where there is a change to the number of participants or games to be played compared with the structure scheduled when the Market is first advertised. In such circumstances, all participants in the event will be settled at the mid- Market quote available at the time of the announcement of the change. This will include any team removed from a league. Closed Bets will stand, but all Bets, whether open or closed, placed after the last completed action before the curtailment will be void. For the avoidance of doubt, all Bets on a league season will stand where one or more club/team/etc. is subject to a take-over or merger, which may or may not involve a name change, provided their original fixture commitments are fulfilled.
1.12. Particular Rules for Particular Markets
The above conditions, and the Sports- specific rules which are set out below, may from time to time be displaced by rules and stipulations applied to particular Markets or types of Markets. Where this is the case we will detail such variation in the Web Note.
Where a Bet is offered about the performance of participants in an event, and one or more of the participants is disqualified, for the purposes of settlement of the Bet the disqualified participant will be considered to have progressed further in the event than all those eliminated from the event prior to his or her disqualification, and will be deemed to have finished last of those still competing in the event. For the avoidance of doubt, disqualification will be considered to have taken place at the time when the incident occurred which caused disqualification and not at the time of the participant’s removal from the event.
Where a Bet is offered about the shirt numbers worn by participants in an event who achieve certain distinctions (e.g. scoring a goal or try, or being booked), unless specifically stated otherwise, the maximum shirt number for the purposes of the Bet will be deemed to be 100. Where the number worn is greater than 100, it will be treated as 100. The minimum shirt number shall be deemed to be zero.
Where a match Bet is offered which awards a certain number of points to a participant for winning the match, and extra points for the margin of victory, the maximum margin of victory will be considered to be that which would be reached if one participant won every constituent of the match, unless stated otherwise in the rules for that particular sport. Maximum make-ups for these enhanced match Bets will be consistent with the individual Sports rules (note that, for some Sports, Match Bet markets will have pre-set Maximum and Minimum make-ups in order to control volatility in extraordinary situations, thereby keeping it in line with what might be considered more usual). Where a player withdraws or is disqualified, settlement will be on the same basis as traditional match Bets on the sport concerned. Where extra play (in holes, sets, legs, frames or other constituent parts) above that originally scheduled is required to determine the winner, the settlement of the match will award the winner the points for winning the match, but no additional points for his margin of victory. For example, an 18-hole golf match Bet awarding 10 points to the winner and 3 points per hole won by which is won on the 21st hole will be settled as a victory by 10 points.
Where a Market is offered on a group of matches (e.g. Homes/Aways Market) and one or more matches is cancelled or postponed, then, the price will be adjusted by the mid-Market quote of the cancelled/postponed game(s) at the time of cancellation/ postponement. If a cancelled/postponed match is rescheduled in accordance with General Rule 1.4, this match will replace the original fixture. Should a match be abandoned the mid-Market quote at the time of abandonment (or kick off/half time if not updated in-play) will be used, if the match is not subsequently completed in accordance with General Rule 1.4. Where less than 50% of the matches within the group are completed, any Bet on the Market shall be void, whether open or closed unless stipulated otherwise in the applicable Web Note for that Market.
1.17. Treating our Customers Fairly
In exceptional circumstances where application of the Rules (including any conditions stipulated in the applicable Web Note(s)) creates a scenario that is manifestly unfair to either buyers or sellers in a particular Market, we reserve the right to void all Bets on the original Market and create a new Market. Our decision in this respect shall be final.
 For the purposes of individual matches and groups of games, overtime shall count for total points Markets, Markets involving superiority and Markets involving other statistics. This includes Enhanced Match Bets, and overrides General Rule 1.15.
 Bets involving long-term individual performances or team records and certain short-term Markets will be settled on the definitive statistics of the governing body (e.g. NFL) in line with their rules or as otherwise stipulated at the outset by us.
 If a game traded in-play by us is abandoned at any stage, all Bets, open or closed, will be treated in the same way as football Bets (see Football (l)).
 For the purposes of Team Performance Markets, Sporting Index do not consider a muffed punt to be a turnover, regardless of how the event is officially recorded. A fumbled punt return that it is recovered by the kicking team is considered a turnover. The difference being that the receiving team never has possession of a muffed punt so there can be no turnover.
 Where a Market is offered about the performance of a player or group of players in American Football all listed players must be ‘active’ for bets to stand. 
f) Trios and Other Player Performance Markets
 Where a Market awards points based on the performance of a player or group of players in an American Football match, featuring passing/rushing/receiving yardage, touchdowns, turnovers, or other events, the player or all players in the group must play at least one down for bets to stand.
 All plays will count for these Markets with the exception of extra point/two point conversion attempts and plays that are negated by penalty. A penalty occurring without a play, for example a false start, will also not be included.
 For Markets where the event in itself does not stop the game clock, for example time of the first completed pass, time of the first sack, the result will be based on the game clock at the time the event occurs. If there is no game clock showing, we will use our best estimate.
 For the purposes of Markets that include points for missed kick, a missed kick will be considered any failed attempt at a kick for points regardless of whether the ball is actually kicked. So a fumbled snap on a field goal attempt would be considered a missed kick even if it is not scored as such in the official stats. Any attempt at a fake kick will not be considered a missed kick.
 For all Markets that involve the first half multiplied by the second half, for example multi points, overtime will not count unless stated.
 Markets on the number of team or total first downs will be based on first downs achieved while on offense. A first down that came about because of a change of possession will not count.
 A player must be on the field for at least one play (including special teams plays). If a player does not participate in the game, then all Bets that include that player will be deemed void for ‘name your own’ hotshots Bets or eight points awarded for that player in the default hotshots Market.
 For a player match bet selection, both players must be active and play at least one down for bets to stand. Otherwise the bet shall be void.
Individual Matches - Duration of match reduced:
If a player retires or is disqualified during a match traded in-play, the player¿s retirement or disqualification
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