47Effect of delay in rescheduling postponed events

47 Effect of delay in rescheduling postponed events

(1)  This regulation applies if –

(a) the relevant event for a sports bet is postponed; and

(b) the relevant event is not held within the 8-day period immediately following the day on which, but for the postponement, it was to have been held.

(2)  When the 8-day period referred to in subregulation (1)(b) expires in respect of a relevant event –

(a) the event is taken to have been cancelled; and

(b) a single sports bet on the event is off and the stake is to be refunded; and

(c) a multiple sports bet encompassing that event is to be recalculated exclusive of that event.