VAR Technology: What does it mean for Exchange markets?

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After listening to feedback from customers, we have updated our Exchange rules around Video Assistant Referee (VAR) incidents in football. Here's the lowdown...

*This article was updated on April 17 2019 to reflect a change in market rules*

How will VAR incidents affect Exchange football markets?

The introduction of Video Assistant Referee (VAR) technology across many of the world's top competitions has led to a fundamental change in the way key events within football matches are refereed. For example, a goal that is scored but initially ruled offside may be awarded retrospectively through the use of VAR technology.

The fact that VAR directly affects potentially game changing events has also led to a change in the way in which we manage our markets.

At Befair, we have introduced a number of rules to ensure that customers who place bets on Exchange football markets are not unfairly affected by VAR incidents.

What events are affected by VAR?

Goals, penalties and red cards are treated as "Material Events" for all football markets offered on the Betfair Exchange. Each of these material events can be affected by VAR in a variety of ways. Our updated VAR rules provide a guideline for how Exchange markets will be managed when a material event is affected by VAR:

Goals

What if a goal is given and then reversed by VAR?

If customers placed bets on the basis that a goal was scored but it is subsequently cancelled because of a review, they were responsible for placing those bets and managing their position within the market in the knowledge that the event could be reviewed and reversed.

If a goal is cancelled following a video review, bets matched between the time of the goal being scored and the time at which the video assistant referee finishes the review will be voided.

What happens if a goal is not given at first, but then awarded after review?

If the referee decides to award a goal, retrospectively due to VAR, bets matched between the time of the goal being scored and the time at which the video assistant referee review is concluded will be voided.

Penalties

What happens if a penalty is not given at first, but then awarded after review?

As soon as we believe the referee will use VAR to review a penalty incident we will aim to suspend all markets. As of April 1 2019, if the referee decides to award a penalty, retrospectively due to VAR, only bets matched after the time at which the video assistant referee commences the review will be voided.

Red Cards

What if a red card is given and then reversed by VAR?

If a red card is cancelled following a video review, only bets matched after the time at which the video assistant referee commences the review will be voided.

What happens if a red card is not given at first, but then awarded after review?

As soon as we believe the referee will use VAR to review a red card incident we will aim to suspend all markets. As of April 1 2019, if the referee decides to award a red card, retrospectively due to VAR, only bets matched after the time at which the video assistant referee commences the review will be voided.

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