1. General Betting Rules

All bets accepted by AussieBetWave are subject to these Rules & Regulations. By placing a bet, you acknowledge that you have read, understood, and agreed to these rules. We reserve the right to refuse the whole or any part of any bet request for any reason. All bets are placed at the customer’s own risk and discretion. It is the customer's responsibility to ensure that the details of their bets are correct before confirming them.

2. Settlement of Wagers

Bets will be settled according to the official result as declared by the relevant governing body of the sport immediately after the conclusion of the event.

• Subsequent protests, appeals, or overturned decisions will not affect the settlement of wagers unless the initial result was published in error.
• If the outcome of a market cannot be officially verified, we reserve the right to delay the settlement until official confirmation is obtained.
• Unless otherwise stated in sport-specific rules, all bets are settled on the result at the end of regular time (including injury/stoppage time). Extra time and penalty shootouts do not count for Match Betting markets.

3. Abandoned, Postponed, or Canceled Events

If an event is abandoned or postponed and is not rescheduled to start within 48 hours of the original start time, all bets on the event will be voided (refunded), unless the market has already been unconditionally determined. For example, if a soccer match is abandoned in the 60th minute, bets on the "First Goalscorer" will stand if a goal has already been scored, but bets on the "Match Winner" will be voided.

4. Dead Heat Rule

In the event of a tie for a position (a "Dead Heat"), the stake placed on the selection will be divided by the number of runners involved in the Dead Heat. The full odds will then be paid on the divided stake, with the remainder of the stake being lost. This applies particularly to events like Golf tournaments, Athletics, and top goalscorer markets where multiple participants finish in the exact same position.

5. Maximum Payouts and Betting Limits

AussieBetWave enforces strict daily maximum payout limits per customer, regardless of the size of the stake or the number of bets placed. These limits protect the integrity of the platform:

• Tier 1 Sports (AFL, NRL, EPL, NBA): Maximum payout of $100,000 AUD per day.
• Tier 2 Sports (Tennis, Cricket, NBL): Maximum payout of $50,000 AUD per day.
• Novelty/Entertainment Markets: Maximum payout of $10,000 AUD per day.

6. Sport-Specific Rules

Different sports have specific settlement criteria. Here are the core rules for our most popular Australian markets:

• Australian Rules Football (AFL): Payouts are based on the official score at the end of normal time. In the event of a draw where no draw price was offered, the Dead Heat rule applies. Extra time counts only for finals matches where a winner must be determined.
• Rugby League (NRL): Bets are settled on the score at the end of normal time (80 minutes). Extra time (Golden Point) does not count for Match Winner bets unless explicitly stated.
• Cricket: If a match is curtailed by weather and the official result is decided by the Duckworth-Lewis-Stern (DLS) method, all Match Winner bets stand. If a match is declared a "No Result", all bets are void.

7. Live / In-Play Betting

Due to the Australian Interactive Gambling Act 2001 (IGA), live "in-play" betting via the internet is restricted. Any live odds displayed on our website are for informational purposes only. To place an in-play bet, you must call our designated telephone betting line and quote your account number and the specific market. We reserve the right to suspend any live market without notice when a significant event (e.g., a goal, penalty, or red card) occurs.

8. Errors and Palpable Mistakes

While we make every effort to ensure total accuracy in our betting feeds, human or system errors may occasionally occur resulting in a "Palpable Error" (an obvious mistake). For example, if odds of 100.0 are mistakenly offered instead of 1.10. In such circumstances, AussieBetWave reserves the right to cancel any bets placed at the incorrect price and refund the stake, even if the event has already concluded.