1-Use and interpretation

The LayExchange Exchange Rules and Regulations ("Exchange Rules") are part of LayExchange's terms and conditions.

The Exchange Rules apply to all bets placed on LayExchange’s Exchange markets.The Exchange Rules consist of the following:

-The General Rules apply to all bets unless stated otherwise in the Market Information or the Specific Sports Rules. If there is any inconsistency between the Specific Sports Rules and the General Rules, the Specific Sports Rules shall prevail. If there is any inconsistency between the Market Information and either the General Rules or the Specific Sports Rules, the Market Information shall prevail, except where the General Rules or Specific Sports Rules use the phrase 'regardless of what it says in the Market Information' or similar wording.

-Please note that there are separate Rules and Regulations for each of our Exchange and Sportsbook products. The rules governing how markets are offered, managed and/or settled are not the same for every market on each product. In certain circumstances, a bet that is settled as a winner on one product may be settled as a loser on the other product (and vice versa). Additionally, different settlement rules may apply so that, for example, bets that are a winner on one product may be settled as a dead heat or be voided on the other product. Customers must ensure that they familiarise themselves with the relevant rules that apply to the bets that they place on LayExchange’s products.

2-Market information
The Market Information is provided for information purposes as an at-a-glance guide on how LayExchange intends to manage the market. The Market Information may also contain rules on market settlement, however it must always be read in conjunction with the General Rules and the relevant Specific Sports Rules and a link to this Rules and Regulations page will usually be provided in the Market Information for each market.

The Market Information may give a guide to how markets will be managed, regardless of what it says in the Market Information, LayExchange reserves the right to suspend any market at any time at its sole discretion, including in order to carry out necessary administration and/or to take any necessary action to protect LayExchange customers.

However, the responsibility for the correct outcome of the market belongs to the player and he/she must use his/her right to object within 5 minutes before any payments are made by using "Report an Issue with the Match". The final results will be reviewed and corrections will be made.

3-Customer responsibility
LayExchange customers should make themselves aware of all of the Exchange Rules affecting any market on which they wish to place a bet. Customers should not simply rely on the Market Information as the Market Information is unlikely to contain all of the applicable rules relating to a market.

4-Best Price Execution
The Best Price Execution feature enables customers to get matched at the best available odds on the Exchange.

If better odds are available, or become available, after you have placed your bet request, your bet will automatically be matched at the improved odds.