Bet settlement process

DESCRIPTION OF THE BET SETTLEMENT PROCESS


1. Settlement rules

Settlement process consists of two parts:

  • • Items settlement

  • • Bet settlement - as result of combinations from items settlement statuses


1.1 Items settlement statuses 

Status

Result

Example in bets monitor

Unknown

No result for outcome

?

Win

Outcome won (by player)

-

Lose

Outcome lose (by player)

+

Return025

1/2 - void, 1/2 - lose (for asian markets)

=0.25

Return075

1/2 - void, 1/2 - win (for asian markets)

=0.75

Dead heat (single bets only)

Settlement odd = Outcome odd * Deadheat factor (0.33 for example)

-0.33

Return

Void outcome, settlement odd = 1

=

Tech Return

Outcome were resettled by operator, settlement odd = 1

Т=

1.2 Bets settlement statuses and rules

Single bet

Bet result

Item result

Payout rules

Unknown

Unknown

-

 

 

Win (by player)

Win

Stake * Bet odd

Return025

1/2 Stake * 1

1/2 Stake * 0

Return075

1/2 Stake * 1

1/2 Stake * Bet odd

 

Lose (by player)

Lose

 

0

Dead heat

Dead heat

Stake * Bet odd * Deadheat factor

 

Return

Return

Stake * 1

 

TechnicalReturn

 

TechnicalReturn

Stake * 1

Multiply bet

Bet result

Item result

Payout rules

Unknown

All items in Unknown status

-

Unknown

No items on Lose status and at least one in Unknown

-

Win (by player)

All not in Lose or Unknown statuses AND

-

  • All items - Win

Stake * Bet odd

  • Some items - Return OR Tech Return

Stake *
Multiplication of all Win
items

  • Some items - Return025. In that case all Return025 items has odd 0.5

Stake *
Multiplication of all Win
items *
0.5N (N - amount of items with Return0.25 status)

  • Some items - Return075. In that case all Return075 items has odd = (Odd+1)/2

Stake *

Multiplication of all Win
items *

Multiplication (K+1)/2 of all items with Return0.75 status

Lose (by player)

At least one items on Lose status


Stake * 0

Return

All items in Return or TechReturn statuses, but at least one - Return 

Stake * 1

TechnicalReturn

All items in TechReturn status

Stake * 1

Combo bet

Bet result

Item result

Payout rules

Unknown

All items in Unknown status

-

Unknown

For combo bet "K from N" 

K items not in Lose status AND at least one item in Unknown status

-

Win

For combo bet "K from N" bet:

  • No items in Unknown status

  • At least one item in Win, Return, TechReturn, Return025 or Return075 statuses

  • K and more items not in Lose status

Calculating payout for combo bet K form N:

  • Combo bet is divided into Multiply bets

  • For each Multiply bet, Stake is the same and equal to Stake / amount of express in the system

  • The winning amount is calculated for each Multiply bet

  • The winning amount for Combo bet is the sum of Multiply bets winnings that make up the Combo bet

Lose

For combo bet "K from N"

N-K+1 items in Lose status

Stake * 0

Return

For combo bet "K from N":

  • At least one item Return status

  • All items in TechReturn or Return statuses

Stake * 1

TechReturn

Все элементы ставки в статусе TechReturn

Stake * 1

Any bet can be resettled after first settlement. Rules for resettlement for bet - the same as for settlement


2. Payout limits and rounding rules

The are limit for maximum payout that possible after bet were settled. By default it’s equal 1 000 000 USD, but can be adjusted individually for any currency

Maximum settlement odd can be adjusted individually to. Default value - 2000

Fractional values may be rounded off when calculating the odds and the payout amount for the multiply bet:

  • • When calculating the multiply coefficient, the value is rounded to 4 decimal places (2. 241258129 → 2. 2413)

  • • When calculating the payout amount, the value is cut off to 2 decimal places (141. 5449 → 141.54 )