The single most important rule is that quality reasoning must be put behind your bets. This does not mean we want you to write a book, but we do not want “Milan will win because they are good at home” or anything similar. These posts and tipsters will be instantly deleted.
1a. Each tipster has a 300 point bank each month. If the tipster uses all their bank in any one month, then they will not be able to place any more bets that month. The bank will be reset to 300 points at the start of each month.
1b. All tipsters must place a minimum of 15 bets to qualify for either of the monthly prizes. You will only appear on the monthly tables after 5 bets have been placed.
2. Bets must be placed at least 1 hour before the start of the event (this includes on PuntersLounge.com too) , ideally we want even longer, but any less and they will not count towards the tipster tables.
3. We realise that odds comparison websites are widely used to seek out best prices for various markets, we advise all tipsters to ensure that their chosen market/odds actually exists on that paticular sportsbook before submitting a tip as odds comparison sites are not 100% reliable.
3a. The rules of staking are as follows.
Odds of 1.10 – 5.00 – allow stakes up to 10pts.
Over 5.00 – 10.00 – allow stakes upto 5pts or 5pts each way for horse racing & outright bets.
Over 10.00 – 20.00 – allow stakes upto 3pts or 3pts each way for horse racing & outright bets.
Over 20.00 and above – limit stakes to 2pt or 2pts each way for horse racing & outright bets.
For those do no not understand what “each way” means, this is to do with long term bets on sports and also horse racing mainly. On sports, it usually means to have half your stake on to win, and half to be placed in the final, but the half to get to the final, is at shorter odds.
4. You are allowed to “LAY” (bet against) selections but betting exchanges are not allowed. You can choose the relevant bookmaker and it will add 15% to the price so that is a fair comparison of the exchange prices. The maximum lay price that will be allowed is 3.50. No lays are allowed to be placed that cannot be placed on Betfair. Anyone doing this or just blatantly trying to find loopholes risks being banned permanently from the site whether in a prize position or not.
5. Each Way horse racing bets will be settled as follows:
4 runners or less: Win only – if there were more than 4 runners when you placed the bet, but it was cut down to 4, then the place half is settled as a win bet.
5-7 runners: 2 places, 1/4 the odds.
8-11 runner handicaps and all 8+ runner non-handicaps: 3 places, 1/5 the odds.
12-15 runner handicaps: 3 places, 1/4 the odds.
16+ runner handicaps: 4 places, 1/4 the odds.
Rule 4 deductions must be advised to admin, failure to do so may result in you being deleted from the site.
5b. BOG (Best Odds Guaranteed) prices are not allowed, please choose either starting price or take the price.
6. You can bet singles only, we will not accept any doubles or trebles on any sport. If anyone places these bets, they will be deleted.
6b. You are only allowed one bet on the same match, Asian Handicaps/Win Bets and Over/Unders on the same match will be disallowed, this rule is for football/soccer matches only. If two bets are posted, then the first bet will be valid only.
All other sports are required to have one bet on any individual match or game, not including horse racing or motor sports.
6c. Correct score bets are not allowed on any sport, this includes set betting on Tennis. Goal Margin bets such as Milan to win by 1 goal etc… are now disallowed.
7a. Half Time bets, HT/FT bets, anytime goalscorers, correct score and first goalscorer bets are not allowed.
7b. Ice Hockey bets (and similar) that do not state (Inc OT) at the end of the bet subject, will be regarded as regulation bets, therefore including the draw.
8. There is no minimum bets rule for tipsters, but money management is essential with a set bank of 300 points each month.
9. If you make a mistake, please inform us immediately, but if the event has already started then it will stand. This applies even if even if the reasoning supports a mistake.
10. Tipsters that use other people’s tips from any other site will be subject to a yellow card and then deleted. This applies to blatant copying from forums too.
11. All cash prizes will be paid via www.moneybookers.com so please make sure you have an account with them.
