Common use of General Cricket Rules Clause in Contracts

General Cricket Rules. 1) In cases where no odds have been offered for a tie and the match/offer ends in a tie, bets would be settled according to the so-called “dead-heat” rule where the payout would be calculated after the odds are divided and multiplied by the stake, irrespective whether the net payout is lower than the Customer's stake. In competitions where other means are used to determine a winner after a tie (for example: ‘Bowl out’ or ‘Super over’) then offers will be settled based on the result after such prolongations are completed. The only exception to this rule is for “Match Odds” betting in Test/First Class/3, 4 or 5 day matches where in the event of a tie (where both teams have completed two innings each and have the same score) bets on “Match Odds” will be settled as void.

Appears in 4 contracts

Samples: House Rules, House Rules, House Rules

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General Cricket Rules. 1) In cases where no odds have been offered for a tie and the match/offer ends in a tie, bets would be settled according to the so-called “dead-heat” rule where the payout would be calculated after the odds are divided and multiplied by the stake, irrespective whether the net payout is lower than the CustomerPatron's stake. In competitions where other means are used to determine a winner after a tie (for example: ‘Bowl out’ or ‘Super over’) then offers will be settled based on the result after such prolongations are completed. The only exception to this rule is for “Match Odds” betting in Test/First Class/3, 4 or 5 day matches where where, in the event of a tie (tie, where both teams have completed two innings each and have scored exactly the same score) number of runs, bets on “Match Odds” will be settled as void.

Appears in 2 contracts

Samples: Betting Agreement, Betting Agreement

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