Sport Betting Rules

Introduction

PHGREAT operates an online sports betting platform and provides rules that govern all wagers placed on sports events. By placing a bet, the Customer confirms understanding and acceptance of these sport betting rules, the PHGREAT Terms and Conditions, and the laws of the relevant jurisdiction. The Operator will apply these rules to all bets placed through the PHGREAT platform.

Definitions and Scope

In these rules the following terms have the meanings set out below unless the context requires otherwise: the Operator means PHGREAT; the Customer means the registered user placing a bet; an Event is a sports competition or match; a Market is a specific bet on a defined outcome within an Event; a Stake is the amount wagered; Odds means decimal odds used for settlement; Settlement is the process of determining the Winning or Losing status and any payout. These rules apply to all Sportsbook bets offered by PHGREAT unless a sport specific rule states otherwise.

Bet Placement and Acceptance

Bets may be placed only by Customers who are legally permitted to gamble in their jurisdiction and who meet age and residency requirements published by PHGREAT. The minimum Stake for a single bet is the amount shown in the stake field and may differ by sport or market. The maximum Stake for any single bet varies by sport, market, and regulatory jurisdiction; the Customer will see the applicable limit on the bet slip prior to confirming the wager.

A bet is deemed accepted when the wager is recorded in the Customer account as a confirmed bet. PHGREAT reserves the right to refuse, limit, or void any bet, in whole or in part, at its sole discretion and without notice where there is insufficient information or potential illegitimate activity, or where a bet is placed after the relevant event has started unless it is a live bet situationally permitted.

Any bets that involve a mispricing, typographical error, or other technical fault may be voided at PHGREAT's sole discretion. If a bet is accepted in error, PHGREAT may cancel the bet prior to settling the market.

Odds, Settlement and Payouts

All bets are settled on decimal odds as displayed at the time the bet was accepted. Winnings are calculated by multiplying the Stake by the decimal odds and are credited to the Customer’s account upon settlement of the market.

PHGREAT may correct or adjust a settlement in the event of a material error or if the official result differs from the information used for settlement. In such cases PHGREAT may reverse, void, or re-settle a market and adjust the Customer’s balance accordingly.

Cash Out and Bet Builder

PHGREAT may offer a Cash Out feature on selected bets. Cash Out allows the Customer to settle a bet before the event concludes at a value determined by PHGREAT based on live conditions. Cash Out is not guaranteed and may be withdrawn or withdrawn in part at any time. If a Cash Out is accepted, the bet is settled immediately, and no further settlement will apply to that stake.

Bet Builder is a feature that enables Customers to construct a multi-market accumulator. Each included market must be offered by PHGREAT at the time of construction. If any leg becomes void or is cancelled, the Bet Builder will be adjusted in accordance with PHGREAT published rules for that market, which may result in a reduced return or a voided Bet Builder.

Minimum, Maximum Stakes and Currencies

PHGREAT operates with the currency displayed to the Customer. The minimum stake is the amount required to place a bet as shown on the stake field. The maximum stake varies by sport, market, and regulatory jurisdiction. The Customer will see the applicable stake limits prior to confirming a wager. All winnings are paid in the Customer’s account currency unless otherwise stated in the promotion terms.

Open Bets, Live Betting and Market Updates

Bets may be placed up to the advertised start time of the Event. Live bets are permitted during an Event where live markets are available. Market data and prices are continuously updated to reflect in-play developments. The Customer acknowledges that live betting information may be subject to delays, and PHGREAT uses its sole discretion to adjust odds, markets, and bets accordingly.

Event Contingencies: Cancellations, Postponements and Abandonments

• Cancellation: If an Event is cancelled, all related bets are void and the Stake is refunded to the Customer’s account.
• Postponement: If an Event is postponed, PHGREAT may suspend the affected markets. If the Event fails to commence or be completed within the stipulated window, bets may be voided.
• Abandonment: If an Event is abandoned or cannot be completed within a reasonable period, PHGREAT may declare affected bets void.
• Non-Participants and Withdrawals: If a participant withdraws before the Event begins, bets on that participant may be void. If a withdrawal occurs after the market has commenced and affects the market outcome, PHGREAT will determine settlement based on the remaining eligible outcomes or as otherwise published for that market.
• Change of Opponents or Venue: A change in opponent or venue generally voids affected bets unless specifically stated otherwise for the market.

PHGREAT may determine that a market is void or suspended where the outcome cannot be determined with reasonable confidence according to official results or authoritative sources.

Dead Heat Rules and Shared Outcomes

In events with two or more joint winners, the winnings and losses on affected bets are shared proportionally among the winning contracts. For Back bets, the return equals the stake multiplied by the number of winners divided by the number of actual winners, times the original odds. For example, a Back bet of a stake of 20 at odds of 4.0 in a dead heat with three winners yields a return of 20 multiplied by 1 divided by 3, multiplied by 4, which equals 26.67. The profit is 6.67. For Against bets, the return is calculated in accordance with the standard dead heat method and derivatives thereof. In multi winner markets, dead heat adjustments apply only to the affected contracts and the remaining contracts are settled normally.

Settlement, Re-Settlement and Errors

• Official results: Settlements are based on the official result from the governing body or the official competition website. If official data is unavailable, PHGREAT may rely on independent sources or in-house records, as applicable.
• Re-settlement: PHGREAT reserves the right to re-settle a market in light of new or corrected information from the governing body or official sources, which may affect Customer balances.
• Errors: If PHGREAT identifies an error in accepting a bet, odds, or market terms before settlement, PHGREAT may cancel or correct the affected bet.

Sport Specific Rules

Football Soccer

• Final result for most markets is based on the standard 90 minutes of play; extra time and penalty shootouts are not included unless the market specifies otherwise.
• If a match is cancelled, suspended, or not completed within the defined window, bets on that match are void unless otherwise stated for the market.

Tennis

• If a listed player withdraws or is disqualified before the match begins, bets on that player are void. If withdrawal or disqualification occurs after the first set has finished, the market is settled on the on-court result for completed sets.
• If a match is moved to a different surface or is not completed within 72 hours of the official start time, the market may be voided.

Formula 1

• Settlement is based on the first published official results. Later decisions by race officials or FIA will not be considered unless specifically stated for a market.
• A race is void if cancelled or not resumed within 72 hours from the original start time; if less than 75 of the planned distance is completed, the event is void with markets settled accordingly.

Basketball

• Final results include overtime unless the market specifies that overtime is excluded. Markets that do not specify overtime may be settled on the final score including overtime.
• If a game is suspended or not completed within 72 hours of the original start time, PHGREAT may void or suspend affected markets as published for that market.

Ice Hockey

• Outcomes are based on the final score excluding overtime and shootouts unless the market specifies otherwise. Markets including overtime must be clearly indicated at the time of wager.

Baseball

• Outcomes are determined by the official final result after the required number of innings or as specified for the market. If a game is interrupted and not resumed within a defined window or ends tied, affected bets may be void.

American Football

• Final results include any extra periods unless the market specifies otherwise. Markets may be void if not resumed within the defined window.

Rugby and Other Markets

• Other sports markets follow the same principles: official results govern settlement, with voids for cancellations, major interruptions, or changes that prevent outcome determination.

Post-Event Settlement and Disputes

All unsettled bets are regularly reviewed after the official result becomes available. If a Customer disputes a decision, a written challenge should be submitted and will be reviewed for up to 7 days from notification. During the review period, PHGREAT may adjust or temporarily suspend affected settlements as needed.

Responsible Gambling and Compliance

PHGREAT promotes responsible gambling and compliance with applicable laws. Customers must be of legal age to gamble, and activity may be monitored or restricted in accordance with regulatory requirements. If PHGREAT has reasonable grounds to suspect improper conduct, it may suspend or terminate a Customer account and void or reverse affected bets as permitted by law and these Rules.