Wager & Risk Management — SCL Season 3 Guide

Section-C Cricket League · Operational Protocol

SCL's prediction market is a pooled Yes/No market. It is not a bookmaker: stakes are pooled, odds are set by consensus probability, and the House (league administration) guarantees fair payouts so a thin market never cheats the winner.

1. How the market works

• Every market asks a Yes/No question — e.g. *"Will Thunder win Match 5?"*
• Everyone stakes into one of two pools: Yes or No.
• Stakes are not matched 1-to-1. All the money pools together, and at resolution the

winning side splits the pot. - The league administration (the House) acts as the liquidity provider of last resort — see the House Guarantee below.

2. The lifecycle of a wager

`` Propose → Calibration → Financial veto → Peer phase → Resolution ↘ voided ``

2.1 Propose

A player (or manager) proposes a condition and places the first stake — this opens the market. The proposer's stake starts the pool.

2.2 Calibration

Admins assign an objective probability to the condition (e.g. "Thunder has a 40% chance"). Multiple admins give blind estimates; if they disagree, the mathematical average is used. This locks the fair odds:

• fair odds for a side = 100 ÷ probability (as a percentage).
• E.g. a 40% side pays 2.5x; a 25% underdog pays 4x.

2.3 Financial veto

A mandatory solvency check — if the market would risk a club's long-term participation (bankruptcy, inability to enter the next draft), the market is vetoed and every stake refunded 100%.

2.4 Peer phase (betting open)

Other players enter the Yes or No pools. The market is now vetted and open for staking. You can stake any amount you have in liquid cash; a live preview shows exactly what you'd win.

The House guarantee (automatic). If peer interest is too thin to pay the risk-adjusted payout (e.g. the 4x underdog wins but the pot is small), the House automatically tops up so the winner gets their full fair-odds payout. You will see this live on every market: *"House covers: Yes win → N · No win → M"* — it updates the moment anyone stakes, on either side.

2.5 Resolution

The admin resolves with the winning side:

• Winners receive at least stake × fair odds (the House covers any shortfall), and

if the pot is fat they split everything pro-rata (which can pay more than fair odds). - Losers' stakes fund the pot. - Payouts land in your liquid cash automatically.

2.6 Void

Ambiguous, impossible, or integrity-compromised markets are voided — 100% refunds to everyone.

3. Financial solvency (bankruptcy veto)

• The rule: admins reserve absolute authority to cap or cancel any wager that

threatens a club's long-term participation. - The trigger: if a stake risks immediate bankruptcy, or would leave a club unable to participate in the upcoming draft, intervention is mandatory. - When it happens: the market is vetoed and all stakes are refunded.

4. Integrity & anti-fraud

• Match-fixing & collusion are monitored continuously — suspicious gameplay or

unnatural betting volumes are flagged. - If integrity is compromised: the market is voided immediately and all stakes are refunded. - Calibration is blind and averaged specifically so no single admin can game the odds.

5. Operational edge cases

6. Playing on the platform

• Board (/wagers) — every market as a card: pools, pot, fair odds, and the live

House guarantee chip. - Detail (/wagers/<id>) — full pool visual, the House guarantee banner, the stake form with the live "you'd win X" preview, and every bet + lifecycle event. - Propose — from the board, open a market with your first stake. - Stake — only on vetted markets; uses your liquid cash (auto mode holds money in the vault, so switch it off to stake).

Status chips: proposed → calibrating → vetted (open) → frozen → resolved / voided.

Section-C Cricket League · SCL Season 3 · Official Regulatory Framework · Updated August 2026