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18 May 18 16:29
Date Joined: 22 May 02
| Topic/replies: 13,992 | Blogger: Betfair Customer Services's blog
We would like to inform you of a change to how we will be managing VAR incidents for in-play games offered on the Exchange. The updated rule refers specifically to situations in which a material event has been cancelled following the decision of a Video Assistant Referee (VAR) and reads as follows:

Not suspending on the occurrence of a Material Event and cancellations of Material Events due to VAR:
    If Betfair does not suspend a market on time for the occurrence of a Material Event, Betfair reserves the right to void bets unfairly matched after the Material Event has occurred. Voiding of these bets may take place during the event or retrospectively once a game is completed.
    Where a Material Event is cancelled due to a determination made via a video assistant referee, Betfair will void all bets which are matched between the occurrence of the Material Event and the cancellation of it. The voiding of any such bets may take place during the event or retrospectively once a game is completed.
Definition of “Material Event”
    For the purpose of these Exchange Rules, a "Material Event" shall mean a goal being scored, a penalty being awarded or a player being sent off.

A practical example below:

Time Event Betfair Action Taken
14:30:00 Goal Scored by Team A Cancel unmatched bets, process the goal, settle all determined markets and reactivate all undetermined markets
14:32:43 Goal Under Investigation by the Video Assistant Referee Suspend all markets
14:33:59 Goal Cancelled by VAR Reinstate all markets determined by the goal and void all bets matched on all markets between 14:30:00 - 14:32:43
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