Bet Finder - Tipster Stats FAQ

Tipster Competition Rules & FAQ

THE BASICS

Only one account per household is allowed. As of July 2009 it is now strictly 1 account per household due to the previous 1 account per person rule being abused with people claiming that secondary accounts belong to other relatives etc.

Given the difficulty in policing this we are now operating a 1 account per household policy. IP addresses etc. will be closely monitored and duplicate accounts suspended.

A maximum of 5 tips is allowed per day.

You must make at least 10 tips per month to be in the running for the monthly prize and at least 100 for the year to qualify for an annual prize. Tipsters not showing an overall profit going into the final month (March) will not be eligible for that season's annual competition.

The top 5 every month win a cash prize. See the league table for current prize breakdown.

In the event of a tie, the prize fund will be divided equally.

Betfinder's decision is final.

TIPSTER ACCOUNTS

Account Suspended? - Most suspensions occur because a tipsters details etc. appear very similar to those of another tipster so we like to clarify that these are in fact 2 different people/households (see above). Once this is resolved to our satisfaction then the account is normally reinstated.

More than One Account? - Sorry but to make the competition as fair as possible each household is only allowed one account and you are not allowed to cancel and set up a new one if things go badly. This makes a mockery of historical stats, messes up tipster alert settings & is unfair on other users. Any players deemed to be running multiple accounts will be banned and any outstanding prize money forfeited.

TIPS PLACEMENT

Please enter full details of your tips in the Bet Details box. Include future dates, off times etc. Any bets without this information may be scrubbed. We need enough info to be able to settle it. Please take care with off times and prices. (they will be checked!)

You can only have a maximum of 5 selections for any one day. Tips count for the day the event finishes, not when you enter them. For example, ante-post bets will be moved to the date the event finishes and count to that days total. Any subsequent tips over the allowed daily limit of 5 will be deleted.

For ante-post bets please state the date of the event, or when it is scheduled to finish.

If you want to place LAY BETS, you must clearly state LAY in the Bet Details box.

If you are LAYING then you can only use the best exchange price or SP to lay at. (ie.not a bookie price). Otherwise we will settle at SP.

Any price requests for Place Only horse racing bets will be verified using Betfair's place markets.

The maximum stake you can place on any single outcome is 10 points (or 10pts Each Way. ie 10 points to win and 10 points place). No single tip can be over 10pts in total.

We cannot guarantee any price requests if you use the incorrect submission method and SP may be used.

NON RUNNERS

Tips for non-runners will usually be deleted except for Antepost tips where it will be settled as a loser as with most bookmakers. It is considered Antepost if there is more than a week to go to the event.

We cannot monitor the emergence of non-runners as they happen therefore all tips where a price is taken (that is bigger than SP) and where are subsequent non-runners will be settled at the mid-point between the price you took and SP. This is known as our Half Way Compromise (HWC) rule.

In the event of late withdrawn horses the tip may be subject to a Rule 4 deduction. If we can ascertain from Sporting Life results that the horse was 16/1 or bigger then we will not impose any Rule 4 or HWC for such withdrawals. If the only non-runners are late withdrawals then we will use normal Rule 4 deductions and our HWC rule will not apply in these cases.

In the event of a 5 runner race being reduced to 4 runners, then win only is available to a maximum of 10 points.

For example, if you only tipped say, 5pts EW then we would settle at 10pts win. The total win part of the tip cannot exceed the 10 points max.limit.

AMBIGUITY

In American Sports (or similar) where there are match odds and moneyline odds (i.e. at the end of any overtime eliminating the draw option), tips will stand on the Match Result market unless (ML) is stated or the odds supplied suggest otherwise.

In cases where an opponents team name is incorrect or missing the tip will stand on the match involving the first named team/player.

TIPS SETTLEMENT

In the event of any dead heats or abandonments we will use the same rules as our sponsor, Paddy Power bookmaker.

Tips submitted after the scheduled 'off-time' of the event, will of course be deemed void.

Any tips of non-runners will be deleted or voided.

If you LAY a selection, then we will convert the odds to the equivalent back price for settlement purposes.

When you LAY a selection, you are staking the amount of points you will lose should the selection win.

Betfinder will always try and credit you with the best odds at time of verification. If the odds cannot be verified before the off, then SP will be used.

If you enter a tip as 'Each Way' (EW) then you cannot fix a price using a bookmaker who does not state place terms or from exchanges such as Betfair as they operate separate Win and Place markets.

Any settlement disputes should be emailed to tipsters@betfinder.co.uk.

EXCHANGE PRICES

Tips that use betting exchanges prices such as Betfair, BetDAQ or WBX will be subject to a 5% deduction to account for commission.

LAYING

When you lay a selection write '(LAY)' in the details box. You are effectively backing your selection to lose and so you are staking amount of points you will lose should the selection win. We will convert the odds you are laying at into the equivalent back price.

We allow LAY bets on most sports where a price or Starting Price (for horses) is available. On horse racing all LAY tips will now be settled using SP. (less a 20% deduction - see below) However, we do not allow laying on US horse racing or horse racing where an official SP is not returned.

Any LAY tips we settle at SP will be subject to a 20% deduction to account for the generally higher exchange prices. For sports other than horse racing we use the current Betfair price. Bookmakers odds cannot be used for laying.

ANTE-POST TIPS

Any antepost tips will be dated to the expected tournament/event end date. However, any antepost tips that can be settled as losers before this date may be moved back to the date it lost and settled (or to the next date available). It will count towards that days tips.

PRIZE MONEY

Prizemoney can be withdrawn on balances of �25+ upon email request via Moneybookers, Nochex or cheque.
Prize money balances of �25+ that remains unclaimed for longer than 6 months will expire.

Any transaction fees from Moneybookers, NoChex or from any other payment services will be borne by the player.

CHEATING?

Strictly only one account per household / computer.

Any cheating will mean ineligibility for the prize money and potentially cancellation of your account(s). This includes running multiple accounts, placing tips after the event, inflating odds or any other activity we deem unsportsmanlike. Individual tips may be voided or marked as losers at our discretion irrespective of the result.

An account suspended for cheating will forfeit any outstanding prizemoney.

Determination of what we consider to be cheating is at our sole discretion.

If you suspect someone is cheating then please report it to us along with any evidence you have. We try very hard to run a fair competition but it is difficult for us to completely stop this.

OVERSEAS (NON-UK) RACING

We do not accept tips on non-UK racing where an official SP or dividend is not returned by either of the 2 main UK results sources, the Sporting Life or the Racing Post.

FREQUENTLY ASKED QUESTIONS (FAQ)

Q. What types of tips am I allowed to place?
A. You can do win, each way and place only bets (and also win & place lays) on most major sporting events and also on specials and novelty events. You can also do Asian Handicaps, related markets such as first goalscorer in footy and set betting in tennis. As a general rule, if there are odds available for it on Betfinder, then you can place bets or lays on it.

Q. What kind of tips can I NOT place ?
A. We do not allow financial, spread betting, virtual racing, permutation or multiples bets. Nor do we accept 'In-Running' bets, you must get your tips in before the official 'off' time. Finally, no duplicate bets - the most you can place on any one outcome is 10 points (or 5 points each way). If you go over this on any single outcome then only one bet will be used to the maximum of 10pts.

Q. Can I place each-way bets?
Yes, you can now place each way bets to a maximum of 5pts EW. If you want to take a price on each way bets you can only do so using a bookmaker (not betting exchanges) who is also offering place terms on that event. Alternatively, you can enter separate win and place bets if you want to use exchange odds or SP, or vary the stakes.

Q. How do you determine the price?
A. We verify all prices you enter so please don't try to cheat! If we determine the price you entered was not available at that time, we will either credit you with the odds available from the specified bookmaker at the time of submission or the current best price.
If we are unable to verify the price in time then SP (or an estimation by Betfinder) may be used if no price has been supplied, so if you want to take a price please place your tips as early as possible.

Prices must be entered in decimal odds format. (You can switch between fractional, decimal and american odds using the Odds Format buttons on the odds comparison tables). If you take a price and there are subsequent non-runners, we reserve the right to amend the price to the best odds available when the market reforms or use SP. Our decision is final.
Anyone found to be trying to obtain bigger prices than available will be banned and any outstanding prize money withheld.

Q. What about dead heats, abandonements etc.?
A. For any of these sorts of outcomes, we will always use the same rules as Paddy Power. For example in Tennis, all bets are Void if a player retires at any point. Their rules can be found here.

Q. What happens in the event of tie in the tipster league?
A. In the event of 2 or more players tying for a cash payout position, the total cash available for those tied positions will be divided equally.

Q. What do LWS and LLS stand for?
A. They stand for Longest Winning Streak and Longest Losing Streak to show a players best and worst sequences of consecutive winning or losing runs.

Good luck!