Regelwetten

Regelwetten, or rule-based bets, describe a class of wagering contracts in which the existence or settlement of a bet is governed by a predefined rule rather than by the event’s outcome alone. The rule may specify when a bet is placed, how much is staked, and how the payout is calculated, making the wager partly or wholly contingent on a formal condition or function.

Mechanics and examples: A rule can determine eligibility, such as placing a bet only when the offered odds exceed a threshold. It can also define the payoff as a function of statistics or intermediate outcomes (for example, a bet that pays out according to the parity of the final score or to a feature like the number of corners). In practice, regelwetten are often engineered for automation, using algorithms or smart contracts to enforce the rule and settle the bet without manual intervention.

Variants and usage: The concept covers conditional, trigger-based, and rule-driven wagers that may be used in sports betting, prediction markets, or other wagering environments. They are designed to manage risk exposure, implement betting strategies, or create structured products that reflect specific statistical or contractual rules rather than direct event results alone.

Regulation and considerations: The legality and regulatory treatment of regelwetten vary by jurisdiction and platform. Some markets restrict automated or rule-based wagering or require disclosures on the rule design. Ethical and responsible-gambling concerns also apply, particularly where automation or pattern-based betting could affect problem gambling.

See also: predicate logic, conditional bets, arbitrage betting, smart contracts, algorithmic betting.