1.    General

1.1.    Introduction

InfoMarket is a wagering product and sub-brand of Bet Right, operated by IRPSX Pty Ltd ACN 087 708 898 trading as Bet Right, that displays wagering prices on approved declared sporting contingencies using cent-based pricing format through an exchange-style interface.
The InfoMarket interface uses exchange-style display terminology including Trade, Buy, Sell, and related terms as defined in rule 1.4. For the avoidance of doubt, all Trades placed through the InfoMarket interface are wagers for all purposes of the Rule Book and the Racing and Wagering Act 2024 (NT). The use of exchange-style display terminology does not alter the nature of the wagering contract formed between the client and Bet Right.
Subject to this Directive and the Rule Book, InfoMarket is available on approved sporting events and other declared events and contingencies as determined by Bet Right from time to time.
 

1.2.    Scope and Application

This Directive applies to all Trades placed through InfoMarket offered by Bet Right and forms part of the Rule Book. In the event of inconsistency between this Directive and the general provisions of the Rule Book, the specific rules contained in this Directive will prevail in relation to InfoMarket.
All Trades placed through InfoMarket are wagers subject to the Rule Book including but not limited to Rule Book 3 (Betting and Wagering), Rule Book 4 (Directive on Declared Events and Contingencies), and Rule Book 4A (Directive on Deductions).
 

1.3.    Approved Events

InfoMarket is available on the following approved events and contingencies as determined by Bet Right:
(a)    NFL (National Football League);
(b)    NBA (National Basketball Association);
(c)    EPL (English Premier League);
(d)    NHL (National Hockey League);
(e)    AFL (Australian Football League);
(f)    NRL (National Rugby League)
(g)    Politics (where approved by the relevant regulatory authority).
(h)    Any other Declared Sporting Contingencies as determined by Bet Right. 

Bet Right reserves the right to add, remove, or modify the approved events for InfoMarket at any time in accordance with regulatory requirements and licensing conditions.
 

1.4.    Definitions

For the purposes of this Directive, the following terms have the meanings set out below. Where a term identifies a concept as it is displayed in the InfoMarket interface, the equivalent wagering concept under the Rule Book is identified.
Active in the Trade Panel refers to Trades that have been accepted and not yet settled in accordance with the Rule Book. 
Basket Trade means a combination of two or more Trades on separate contingencies, equivalent to a Multi-Bet under Rule Book 4, rule 2.2, and subject to the same rules and conditions. Basket Trades are displayed as "SET" in the InfoMarket Active trades view.
Buy means the act of placing a Trade on a selected outcome, constituting the client's offer to Bet Right to wager on that outcome in accordance with rule 4.1.
Decimal Price means the traditional decimal price format displayed alongside the Prediction Price in the InfoMarket market display and in the Active section of the InfoMarket interface following acceptance of a Trade, calculated by converting the Prediction Price in accordance with rule 3.1, representing the total return per dollar staked, inclusive of the stake.
Est. Payout means the estimated return to the client if the Trade is successful, calculated on the basis of the Total Trade Value and the Decimal Price at the time of selection. The binding return is the amount confirmed in the Active section of the InfoMarket interface following acceptance by Bet Right.
Pending means the status displayed on an individual Trade within the Active tab, indicating a Trade that has been accepted by Bet Right and is awaiting settlement.
Prediction Price means the market-implied probability displayed in cents, representing the cost to purchase a single contract that pays out one dollar ($1.00) if the specified outcome occurs.
Sell means the closure of an open Trade position prior to settlement, equivalent to a Cash Out in accordance with Rule Book 3, rule 10.
Single Trade means a Trade on a single contingency, equivalent to a single bet as defined in Rule Book 3.
Total Trade Value means the amount staked by the client on a Trade, equivalent to the stake for all purposes of the Rule Book. Total Trade Value is displayed as "Trade size" on the InfoMarket interface following Trade placement.
Trade means a wager placed by a client on a declared sporting contingency through InfoMarket. A Trade is a wager for all purposes of the Rule Book and the Racing and Wagering Act 2024 (NT).
Trade Panel means the interface through which a client enters and confirms a Trade, equivalent to the bet slip.
 

2.    Prediction Market Display Format

2.1.    Cent-Based Pricing Display – Prediction Price

InfoMarket displays wagering prices using cent-based pricing format where the price represents the cost in cents to potentially win one dollar ($1.00). This referred to as the Prediction Price.  This display format is intended to provide clients with an intuitive understanding of the implied probability of each outcome.
(a)    Prediction Prices in InfoMarket are displayed in cents (c) ranging from 1.00c to 99.00c.
(b)    The cent-based price represents the Total Trade Value required to receive a total return of $1.00 if the selection is successful.
(c)    The displayed Prediction Price corresponds to the implied probability percentage of the outcome inclusive of any margin. 
 

2.2.    Display Elements

Each Market displayed on InfoMarket shall include the following elements:
(a)    the market name clearly identifying the contingency;
(b)    the name or description of each selection or participant;
(c)    the Prediction Price for each selection, displayed with the cent symbol (¢);
(d)    the Decimal Price for each selection, displayed alongside the Prediction Price for that selection;
(e)    the event date and time where applicable;
(f)    any relevant market information or conditions.
(g)    a price history chart displaying the movement of the Prediction Price for each selection over time, expressed as a percentage, for informational purposes only. The percentages shown on the chart are derived from margin-inclusive Prediction Prices in accordance with rule 3.2 and will sum to more than 100% across all selections in a Market. The chart does not represent Bet Right's assessment of the probability of any outcome.
 

2.3.    Example of Prediction Market Display

The following is an illustrative example of a Prediction Market display on InfoMarket:
Match Result
Oklahoma City Thunder    91.00c
Phoenix Suns    14.00c

In this example, a 91.00c stake on Oklahoma City Thunder returns $1.00 if successful, comprising a 9.00c profit plus the 91c stake returned.
 

3.    Price Conversion and Contract Formation

3.1.    Conversion to Decimal Pricing

When a client places a Trade through InfoMarket, the Prediction Price is converted to Decimal Price for the purpose of contract formation and the calculation of the Est. Payout.
(a)    The conversion formula from Prediction Price to Decimal Price is: Decimal Price = 100 ÷ Prediction Price.
(b)    The Decimal Price represents the total return per dollar wagered, including the stake. The Decimal Price is displayed alongside the Prediction Price in the InfoMarket market display and, following acceptance of a Trade, in the Active section of the InfoMarket interface. The Trade Panel displays the Prediction Price in accordance with rule 3.3(a).
(c)    Decimal Prices may be rounded to two decimal places in accordance with standard industry practice.
(d)    The Prediction Prices displayed in InfoMarket are margin-inclusive prices as set by Bet Right. The Decimal Prices derived from the conversion in rule 3.1(a) incorporate Bet Right's margin in the same manner as all other betting products offered by Bet Right.
 

3.2.    Conversion Table

The following table provides examples of the relationship between Prediction Price and Decimal Price:
Prediction Price    Decimal Price    Implied Probability
91.00c    $1.10    91%
80.00c    $1.25    80%
67.00c    $1.49    67%
50.00c    $2.00    50%
33.00c    $3.03    33%
25.00c    $4.00    25%
14.00c    $7.14    14%
10.00c    $10.00    10%
5.00c    $20.00    5%

The implied probability figures in the table above reflect margin-inclusive prices. The sum of implied probabilities across all selections in a market will exceed 100% due to Bet Right's margin, consistent with all other betting products offered by Bet Right.
 

3.3.    Trade Panel Display

Upon selection of a contingency from InfoMarket, the contract shall appear in the Trade Panel using Prediction Price format.
(a)    Prior to Trade acceptance, the Trade Panel shall display the selection name, the Prediction Price, the Total Trade Value input field (Amount), and the Est. Payout.
(b)    The Est. Payout shall be calculated and displayed based on the Total Trade Value entered and the Decimal Price in the InfoMarket market at the time of selection.
(c)    Following acceptance of a Trade, the Active section of the InfoMarket interface displays the Decimal Price, the Stake and the Est. Payout confirmed at the time of acceptance.

4.    Contract Terms and Conditions

4.1.    Contract Formation

For the avoidance of doubt, the counterparty to all Trades placed through InfoMarket is IRPSX Pty Ltd ACN 087 708 898 trading as Bet Right, being the licensed Sports Bookmaker. A Trade placed through InfoMarket constitutes an offer by the client to Bet Right. The contract is formed upon acceptance by Bet Right in accordance with Rule Book 3.
(a)    The contract price is the Decimal Price displayed for the selected contingency in the InfoMarket market display at the time of selection.
(b)    The binding contract terms are those displayed in the Trade Panel and confirmed in accordance with Rule Book 3, rule 3.1. The Prediction Price displayed in the Trade Panel and the contract price under rule 4.1(a) are the same price expressed in different formats, the contract price being derived from that Prediction Price by the conversion in rule 3.1(a).
(c)    Each valid Trade will receive a unique transaction code in accordance with Rule Book 3, rule 3.1(a).

4.2.    Settlement

Trades placed through InfoMarket are settled in accordance with:
(a)    the Decimal Price that formed the contract price under rule 4.1(a), as confirmed in the Active section of the InfoMarket interface following acceptance;
(b)    the applicable rules for the relevant declared event or contingency as set out in Rule Book 4;
(c)    the general settlement rules in Rule Book 3, rule 7;
(d)    any applicable deductions in accordance with Rule Book 4A.
4.3.    Minimum and Maximum Stakes
The minimum and maximum stakes for InfoMarket are as follows:
(a)    Minimum Total Trade Value for Single Trades placed via Bet Right's website or mobile Apps: $0.25.
(b)    Maximum Est. Payout is subject to the limits specified in Rule Book 4 for the relevant declared event or contingency.
 

5.    Basket Trades

5.1.    Basket Trade Eligibility

Selections from InfoMarket may be included in Basket Trades subject to the following conditions:
(a)    InfoMarket selections are treated as standard sports betting selections for Basket Trade purposes.
(b)    The Decimal Prices that formed the contract price for each leg under rule 4.1(a) are used for calculating Basket Trade returns.
(c)    Basket Trades including InfoMarket selections are subject to the rules and limits in Rule Book 4, rule 2.2.
(d)    Correlated events are not permitted in accordance with the Rule Book, unless through a same game multi. 
(e)    The maximum Est. Payout for Basket Trades including InfoMarket selections is $250,000 per Basket Trade combination.
 

6.    Price Fluctuations and Amendments

6.1.    Price Movements

Prediction Prices displayed in InfoMarket may fluctuate prior to the commencement of the event.
(a)    The Prediction Price displayed in InfoMarket is updated in real-time to reflect current market conditions.
(b)    The Decimal Price displayed for each selection in the InfoMarket market display reflects the current Prediction Price and moves with it. The Decimal Price applicable to a Trade is the Decimal Price for the selected contingency at the time of selection, and that price populates the Trade Panel in Prediction Price format and does not change thereafter.
(c)    Once a Trade is accepted and confirmed, the Decimal Price is fixed and not subject to further fluctuation.
(d)    Clients should verify the Prediction Price displayed in the Trade Panel, and the Est. Payout calculated for that selection, before confirming any Trade. The Decimal Price for each selection is displayed alongside the Prediction Price in the InfoMarket market display.
 

6.2.    Market Suspension

Bet Right reserves the right to suspend markets displayed in InfoMarket in accordance with Rule Book 3, rule 6.1.
 

7.    Voiding of Trades

7.1.    General Voiding Provisions

Trades placed through InfoMarket may be voided in accordance with the provisions of Rule Book 3, rule 4 and Rule Book 2, rule 1.7, including but not limited to the following circumstances:
(a)    the integrity of the event has been called into question;
(b)    the Prediction Price has been manipulated;
(c)    an obvious mistake has been made in the pricing or display;
(d)    the event is abandoned or postponed in accordance with the rules for the relevant declared event;
(e)    Bet Right is requested to do so by a regulatory authority.
 

7.2.    Non-Voiding of Trades

For the avoidance of doubt, Trades placed through InfoMarket will not be voided on any of the following grounds:

(a)    the client did not understand the Prediction Price format;
(b)    the client did not understand the exchange-style display interface;
(c)    the client mistakenly believed the price displayed in InfoMarket was a decimal price rather than a cent-based Prediction Price.

The pricing display used in InfoMarket does not constitute a mistake for the purposes of Rule Book 2, rule 1.8. Clients are reminded of their obligation under Rule Book 3, rule 1.2(d) to check and ensure all details of a Trade placed are as intended.
 

8.    Responsible Gambling

8.1.    Responsible Gambling Provisions

All responsible gambling provisions contained in the Rule Book apply to InfoMarket, including:
(a)    voluntary pre-commitment facility for deposit limits;
(b)    self-exclusion facilities including BetStop;
(c)    activity statements in accordance with Rule Book 2, rule 4.5;
(d)    compliance with the National Consumer Protection Framework (NCPF).
9.    Amendments
Bet Right reserves the right to amend this Directive from time to time in accordance with Rule Book 1, rule 1.7. All changes will be published by Bet Right on the appropriate media.

Version: 1.5

Date: 17.08.2026

Revision History