1. Majority Betting
In Majority betting markets on UK Elections, the term Overall Majority means that one party must achieve over half of the seats contested. If there were 650 seats in the UK General Election an overall majority would be 326 or over. If a party gains 325 seats then that would not be deemed an overall majority, and would be classed as a hung parliament. If a seat is postponed or delayed then this will apply to the bet, and settlement will be delayed accordingly.
2. Total Seats
This applies to seats that are contested on the UK Mainland only. Seats in Northern Ireland do not count for the purposes of this market. If a seat is postponed or delayed then this will apply to the bet, and settlement will be delayed accordingly.
3. Northern Ireland Seats
For betting purposes, no seats won in Northern Ireland will count towards betting Politics markets, unless otherwise stated on our website.
4. Next Party Leader
4.1 This must be a permanent appointment only, as announced by the party as being permanent and not “temporary” or “caretaker”.
4.2 If a candidate decides not to run for leadership or pulls out for any other reason then all bets on that candidate will be settled as losers.
5. Seat, Constituency or By-Election Betting
The result as announced by the returning officer will be deemed the result for betting purposes on these markets. Any legal challenge to the result will not count. If a candidate withdraws from an election for any reason, the candidate will be deemed a loser. Strictly single bets only.
6. Voter Turnout
In an individual seat, this bet relates to the total number of votes cast as announced by the returning officer. In an overall election, the bet refers to turnout figures as returned by Parliament in the Official General Election Statistics. If a seat is postponed or delayed then this will apply to the bet, and settlement will be delayed accordingly. Seats in Northern Ireland do not count for the purposes of this market.
7. Next President, Republican & Democrat Nominees
This will be the winner as declared after the US Presidential Elections. Any legal challenge to the result will not count. The result will be based on the US Electoral College System, and the result declared by the individual States will be final.
All bets will therefore be settled on the party of the candidate who is publicly announced as the winner of the US Presidential Election.
If there is any ambiguity as to who is publicly announced as the winner BV Gaming may determine, using its reasonable discretion, how to settle the market based on all the information available to it at the relevant time.
7.1 US Primaries/Caucus Betting: All Primaries and Caucus markets will be settled on the first declared official result. Any subsequent changes will not count for betting purposes.
8. London Mayoral Elections
This is based on the election of the Mayor of London as chosen by the electorate. Any legal challenge to the result will not count. Bets on the party nominees for the election will be settled on the results as given officially by that particular party. If a candidate does not stand then all bets on that candidate will be deemed to be losers.
9. Next Government
9.1 If a coalition consists of more than two parties, bets nominating only two parties will be treated as losers.
9.2 Next Government will be settled based on the first government formed after the General Election. If assent is not given to any party or coalition to form a government then this market will be made void.
9.3 If either Labour or Conservative form a ''minority coalition'' Government then for betting purposes ''Labour Minority'' or ''Conservative Minority'' will be deemed the winner and all other coalition options are losers
10. Election Debate Winner
The winner of the debate will be based on the YouGov post-debate poll.
11. Prime Minister After Next General Election:
This market will be settled based on the formation of the first Government to be given assent by the ruling monarch after the UK Election.
12. Maximum Payout
Please click here for more info on Maximum Payouts.