Terms and Conditions for the Betfair World Cup Datathon Competition

  1. This Competition is governed by the following Terms and Conditions.
  1. Participation in the Competition constitutes acceptance of the Terms and Conditions.
  1. Information on how to enter and prizes forms part of the Terms and Conditions.
  1. The promoter of the Competition is Betfair Pty Limited (ACN 110 084 985) of Level 13, South Tower, 459 Collins Street, Melbourne, Victoria, 3000.
  1. The Competition opens at 9am AEST on 14 May 2018 and closes at 12.59am AEST on 15 June 2018.
  1. The Competition is open to persons who meet ALL of the following criteria:
  1. they reside in Australia or New Zealand; AND
  1. they are aged 18 years of age or over; AND
  1. they are not excluded from wagering with Betfair (Eligible Participant).
  1. Entry into the Competition is free.
Competition Entries

  1. In order to enter the Competition, an Eligible Participant must register their details by filling out the registration form found at https://www.betfair.com.au/hub/uncategorized/world-cup-datathon/.
  1. Competition Entrants must predict the results of all 48 Group Stage matches of the 2018 World Cup.  The Competition will be evaluated using the Log Loss method: at the end of the 48 Group Stage matches, the submitted prediction model with the least log loss will be the winner of the Competition. For each Group Stage match, an Entrant must assign 1.0 units to all three options: team 1 win, team 1 draw and team 1 lose.
  1. A prediction must be made for all 48 Group Stage matches before the commencement of the first Group Stage match (Russia v Saudi Arabia, which commences at 1am AEST on 15 June 2018).
  1. can submit up to five prediction models, creating the opportunity to trial different models. Submissions are required in a csv file named in the following format <firstname>_<lastname>_<modelname>.csv
Here’s an example: <Joe>_<Bloggs>_<SmokingJoe>.csv
  1. Further information on how to submit your prediction model(s) can be found here: https://www.betfair.com.au/hub/uncategorized/world-cup-datathon/
  1. The following prizes will be awarded to the Entrants that finish in the top 10 positions:
1st place – $5,000
2nd place – $3,000
3rd place – $2,000
4th place – $1,000
5th place – $750
6th place - $500
7th – 10th place - $250
  1. Entrants will be notified by email if they have won a prize. Provided valid bank details are provided to Betfair, prizes will be paid by electronic funds transfer.
  1. Information on how to enter and prizes form part of these Terms and Conditions.
  1. The results of the Competition are final and no further correspondence will be entered into.
  1. Betfair reserves the right, at any time, to verify the validity of entries and identification details of all Entrants (including identity and age) and disqualify any entry that is not submitted in accordance with these Terms and Conditions.
  1. The Competition is intended for bona fide participants and it is a requirement that all entrants act in good faith at all times.
  1. If for any reason this Competition is not capable of running as planned, whether caused by infection by computer virus, bugs, tampering, unauthorised intervention, fraud, technical failures, or any other cause beyond Betfair's control which corrupt or affect the administration, security, fairness or integrity of the Competition, Betfair reserves the right to cancel, terminate, modify or suspend the Competition.
  1. Betfair collects personal information in order to conduct the Competition, and may, for this purpose, disclose such information to third parties, including but not limited to agents, contractor and, as required, to Australian regulatory authorities. 
  1. Betfair accepts no responsibility whatsoever for system or connection problems that might affect any end user during the Competition.
  1. Betfair shall not be liable for any loss or damages howsoever arising as a result of a Entrant's or winner's participation in the Competition or any modification, alteration, discontinuance or termination of the Competition.
  1. By entering the Competition, Entrants:
  1. will be deemed to have accepted these Terms and Conditions; and
  2. agree to be added to Betfair’s database and receive communications from Betfair from time to time.