A Pikum is a competition between people in predicting outcomes of future events. Users receive points based on whether they're right (if it's a YES / NO outcome) or how close they are compared to other Players (if it's an outcome like score). Players can still win a Pikum even if their entries are not 100% accurate. You can think of a Pikum as a more flexible office sweepstakes or fantasy league type game.

A Pik is one prediction and represents a part of what makes up a Pikum. A Pikum may include as few or as many Piks as the creator desires. There are several types of Piks. TEAM piks, EVENT piks and PLAYER Piks. An EVENT pik is a prediction on a specific event, a TEAM pik is a prediction for one of the teams playing in a specific EVENT, and a PLAYER Pik is a predication on a specific player playing in an event.

Some examples of Piks are; Football

• Event Pik: Which team will win the match?
• Team Pik: How many points will be scored by a specific team during the match?
• Event Pik: What is the total number of points scored by both teams? How many tries will be scored during the match?
• Team Pik: How many field goals will be made by the team?

Go to the “Play” section of your screen and then click on “browse Pikums”. This will take you to all the available Pikums that you can play. Now you can filter the Pikums to find what you are looking for. You can also use the search block, by typing in the people’s user names and pressing “search”.

Pikles are the official currency of play-for-free pikums. Pikles give you the opportunity to test the Pikum! site without playing for real money. Once you are more comfortable playing Pikums and feel you are ready to play for real, click on the Pikum! Banking page and transfer funds into your Pikum! account.

• Click on browse Pikums, or search by key words to bring up a Pikum. This will bring up all of the Pikums you can enter in.
• Click on Category to select the sport or type of entertainment event you wish to enter.
• Click in subcategory to select the league or tournament you would like to enter.
• Click on each of the following filters to make your search more accurate: pot size, players, entries, date range, Pounds (real money) or Pikles (the Pikum ‘fun’ currency), settings (public or private).
• Once you see a Pikum you would like to enter in, click on the Pikum name or the binoculars – this will bring up the details of the Pikum.
• Click on “Play Pikum” if you wish to enter on this Pikum. Place your entry then click on “submit”.
• Tick the boxes to confirm you have checked your entry and read and agreed to the terms and conditions. Then input your password and click on “submit”.
• Your Prediction on this Pikum is now complete.

The following statuses can be found on Pikums

Open – No events in the Pikum have started and the pikum is still open for anyone to play
Live – the first event in a Pikum has started and no new Players may enter. Piks for individual events may be changed up until the individual event starts.
Closed – Prize payouts have been made to the winners and the results are now final.

A filter is used to help find relevant content in your search. The following filters can be used when searching for a Pikum on the “browse Pikum” tab:

• Pot size – This will the amount of real money in the pot at the present time.
• Players – This will search for how many Players have entered into a Pikum.
• Start date – this will search between a user-defined date range, in which you expect the game to take place.
• Entry – here you can select to play for money (enter with Pounds) or play for fun for free (enter with Pikles’ ).
• Settings – This is used to search for Pikums that are either private or public.
• Sport or category –shows all the available sports
• Team or sub-category –shows all the teams or leagues available within the sport selected

The following Filters can be found on the “Create Pikum” tab:

• Keyword – This can be used to search for a team name or tournament name.
• Category – You can select a sport from the drop-down box.
• Subcategory – you can select a tournament from the drop-down box.
• Team – you can select a team from the drop-down box.
• start date – this will search between a user-defined date range, in which you expect the game to take place.

Once you have predicted a Pikum you will get a page saying ‘congratulations. At the bottom of the page you will find “Change your Piks” – click on this to change your Pik. You will be able to change your Piks within a Pikum you are playing, up until one of the events/games begins. You can also change your Piks from “view Piks” or “my Pikums”.

You can change your Piks for a particular event up until the start time of that event. This also applies if you are playing a Pikum across multiple events. For example, if you are playing a Pikum with two events and the first event starts, you can no longer make changes to your Piks for the first event. However, you can still change the Piks for the second event up until the time the second event starts.

There are a limited number of entries per player, as set out by the creator of the Pikum. You may have reached your limit for the specific Pikum.

Go to the “Play” section of your screen and then click on “my Pikums”. This will bring up all Pikums you are playing. You can filter your search by date range. This tab will show all open, live, closed, playing, Hosting and watching Pikums.

Open - Pikums not yet started
Live - The games on the Pikum have begun and no more entries can be placed
Closed - Pikums finished, scored and paid out
Playing - Pikums you are playing
Hosting - Pikums you are Hosting
Watching - Pikums you want to be watch and be updated about before they start. You can watch any pikum, even if you are playing or hosting it.

Normally, within 24 hours of the end of an event or match.
Once Event Results for all events in a Pikum have been received, the Pikum Preliminary Winner(s) are identified and all Pikum Players are notified according to their communication preferences (email, SMS). The communication contains a link to the view Pikum page where anyone can view the Event Results, all the Players’ Pikum Scores and Piks, the Preliminary Pikum Winner(s), and the Preliminary Payout Amount(s).

This process should take 24 hours. If there are any disputes the dispute policy will then come in to effect.

For a period of exactly 24 hours after the Preliminary Pikum Winners have been identified, Pikum! will i) accept a Challenge of Preliminary Pikum Winners from Players of the Pikum based on alleged inaccuracies of Event Results only; or ii) may decide to issue a Challenge of Preliminary Pikum Winners itself if it feels that the accuracy of Event Results is in question. You can contact the Customer Service Centre by going onto the website and clicking on the Contact form to send an email to us detailing the challenge.

Pikum! will have the final say on the dispute.

Each Pikum is worth a total of 10,000 points. The points are distributed across the available Piks by the Host at the time the Pikum is created. This allows hosts to make winning predictions of some Piks more important to the final score than others. Some Piks may be worth more points than other Piks, but the total points for a Pikum will always total 10,000 points. Players earn points by accurately predicting the outcomes of the piks. The more accurate the predication is to the actual results, the more points a player gets.

Exactly how many points a player earns for each Pik is dependent on the accuracy of the players’ predictions compared with the other players playing the Pikum. For Piks where the Player must predict a number, partial points may be earned based on how close the Player’s prediction was to the eventual outcome. At the end of the Pikum, the points a Player earned for each pik are totalled and the Player’s score is calculated.

When a Pikum has been scored the following mail will be sent to you. All you have to do is click on the link to see how all of your friends fared on this Pikum.

In the Pikum titled “Big, Bad and Brilliant at the Back” you finished 1st of 5 entrants and won 1200.00. Your prize amount has been credited to your account.

To view the Pikum in which you are a winner:
http://www1.pikum.com/ViewPikum.aspx?pid=N41S7r/>
http://www1.pikum.com/MyBank.aspx
Thanks,
Pikum! Team

Once you have clicked on the above link, it will take you to the final results page. Here you can view the results for all the participants in the Pikum. If you click on “See all final results” you will be able to see each individual players predictions and how they fared.

A payout structure is selected by the Host of each Pikum during the Pikum creation process. The system defaults to the standard payout structure, which will pay the top 5 players. Hosts can also select from a list of alternative payout structures including Top 10 Players, Top 5 Players, Top 3 Players, and Winner Takes All.

Obviously, Sporting Events are subject to Cancellation or Delay due to a variety of reasons outside of Pikum!’s control. If a Cancellation or Delay of a Sporting Event occurs, the following rules shall apply:

If an event is cancelled outright, Pikum!’s response depends on whether a Pikum! was a Single-Event Pikum, or a Multi-Event Pikum. A Single-Event Pikum is a Pikum in which Piks relate to a single sporting event (for example, a football game). A Multi-Event Pikum is a Pikum in which piks relate to Multiple Sporting Events (for example, a football game and a Tennis game).

Players in a Single-Event Pikum in which the underlying event has been cancelled will i) be notified that the Pikum has been cancelled, and ii) will receive a full refund of their Entry Fees into their Pikum! Account.

Players in a Multi-Event Pikum in which all underlying events have been cancelled will be treated in the same way.

Players in a Multi-Event Pikum in which only one or multiple, but not all, underlying events have been cancelled will be i) notified that one or multiple events have been cancelled, and ii) your Piks relating to the cancelled event(s) will be credited with 100 points (in other words, these Piks will be treated as if every Player in the Pikum had picked the correct result).

Event Delays will normally only impact a Pikum in so far as the Pikum’s start time is changed. Pikum! will not notify Players of the new start time if events are delayed, but changes to an event start times can affect the start or end time of a Pikum.

However, should an event be delayed for an unreasonably long period of more than 72 hours, Pikum!, at its sole discretion, may decide to treat an event as if it had been canceled. This decision is binding upon the Host and all Players in the Pikum. In that case, we will i) notify you of our decision to treat an event as canceled, and ii) apply the Event Cancellation policy set forth above.

In the event of any conflict between the content found under the "Help" section and the Terms and Conditions, the Terms and Conditions shall prevail.

Event Interruption

In rare cases, sporting events get interrupted. For example, a Wimbledon tennis match due to rain – the match may have been interrupted, but it had at least started. In this case all Pikums will remain closed (not open for further entry) and all Piks will remain unchanged.

However, should an event be interrupted for an unreasonably long period of more than 72 hours, Pikum!, at its sole discretion, may decide to treat an event as if it had been cancelled. This decision is binding upon the Host and all Players in the Pikum. In that case, we will i) notify you of our decision to treat an event as cancelled, and ii) apply the Event Cancellation policy set forth above.

Once a Pikum has attracted one or more Players other than the Host, a Host can no longer cancel the Pikum. At this stage, a Pikum can only be cancelled by Pikum! at its sole and full discretion.

Cancellation of a Pikum by Pikum!
At any time, and at its sole and full discretion, for any reason whatsoever, Pikum! may decide to cancel a Pikum.

If Pikum! decides to cancel a Pikum, its sole obligation to the Host and Players is to notify them of the cancellation, and to refund them their Entry Fees in full into their accounts at Pikum!

Cancellation of a Player’s Participation in a Pikum
Once you have entered a Pikum and made your Piks, participation cannot be cancelled. While Pikum! allows you to make changes to your Piks according to our Changing Piks policy, Pikum! does not allow you to withdraw from a Pikum altogether.

If Pikum! finds at any time that you have used fraudulent means to deposit money or any other suspicious activity, Pikum! at its sole and full discretion may remove you out of a Pikum! All monies that have been placed by you, in the above circumstances, will be removed from all Pikums where you have made entry.

Team line-ups are listings of event participants for a particular sporting event. Pikum! allows you to Host and play Pikums involving individual athletes/participants.

Team line-ups are subject to change, often at very short notice. Pikum! updates team line-ups in its product as and when these changes become available, but does not guarantee that a particular athlete/participant will actually take place in a sporting event.

Therefore, it is your responsibility to keep up to date with any changes to line ups and adjust your Piks accordingly.

For example, and for purposes of clarity, if you have elected to make a Pik of “2” on the “number of goals scored by Ronaldo” in a football game, and Ronaldo is pulled from the line-up prior to the event, your Pik will still be considered, and Ronaldo’s number of goals scored will be entered as zero.

You cannot enter on certain Piks within a Pikum, that consists of multiple piks.). When you enter on a Pikum, your entry stake is divided according to the weighting of the Piks. If a Pikum costs £50 and consists of 4 Piks, you have to bet the full £50 on the Pikum. How do I invite friends to my Pikum?
If you are creating a Pikum, when you are on the “Pikum Launched” page you can challenge your friends by clicking on the friends (on Pikum) and then clicking on “send challengers”. If you would like to invite friends that have not yet joined Pikum! then copy your Pikum URL into an email and send it to them. You can also use a Widget to advertise your Pikum on your own site.

To watch a Pikum, click on the Pikum and at the top of the page is a “watch this Pikum” tab. This will allow you to watch the Pikum, and allow you to enter on the Pikum at a later stage. Click on the “watch this Pikum” tab. You can view this Pikum under the “my Pikum” tab on the left hand side of the screen.

Click on browse Pikums on the home page or you can click on PLAY on the top of the screen. Once you are on the browse Pikum page you are able to view all available Pikums.

You are allowed to play your own Pikum. This can be done on completion of launching your Pikum. At the bottom of the Launch page you have options to “play this Pikum”, “view this Pikum” or “Create another Pikum”. Click on “play this Pikum”; you will now be able to ebter your own Pikum.

If authentication is successful and you have one or more outstanding real-money entries, then you will be notified on the website that you have outstanding entries. You will then be given the option to (a) forfeit all Pikums and any possible winnings made from such Pikums, or (b) cancel the account closure process. If you choose to forfeit your Pikums, then any winnings will be donated to a charity of Pikum!s choice or otherwise disposed of according to policy.

If authentication is successful and you have one or more outstanding Pikums open, then you will be notified on the website of the outstanding Pikums.

Pikum! may offer from time to time complimentary or bonus amounts to be credited by Pikum! into your Account. Such Bonuses may only be used in relation to the services stated, which will be specified when the Bonus is offered to you.

Acceptance of any Bonus shall be in accordance with additional terms and conditions Pikum! may specify in relation to any Bonus offered; and in accordance with the Standard Promotional Terms and Conditions and bonus release restrictions contained in the relevant offer.

Offers may be used only ONCE unless otherwise specified. You are not entitled to withdraw any Bonus amounts and you may not remove any real money obtained via a Bonus from your Account without first complying with the applicable terms including, without limitation, any qualifiers or restrictions.

Click on “my friends” under the community tab on the home page, which will bring up all of your friends. Once you have found your specific friend then click on “view Pikums” on their name.

Click on My Challengers on the home page. If there is a challenge here, click on the challenge and enter as per “playing a Pikum”.

Go to my account on the home page, and then click on “my Bank”. Click on earn Pikles.

Pikum collects part of the pot as vigorish for facilitating the game and the transfer of money amongst players. The vigorish collected by Pikum is calculated as a step wise function based on the entry stake and the number of players in the Pikum according to the following table.

Players
Entry Stake		<= 25	26 - 100	101 - 250	251 - 500	501 - 1000	1000+
	<=5	15.0%	17.5%	20.0%	22.5%	25.0%	30.0%
	> 5	10.0%	12.5%	15.0%	17.5%	20.0%	25.0%

To calculate the percentage of a particular Pikum that is returned to players, simply add the vigorish from each step and subtract it from the pot size, then multiply by 100, then divide that amount by the pot size.

For example, if a Pikum has a £5 entry stake and 110 players, the percentage return to player would be: ((110 players * £5) – (25 players * £5 * .15 + 75 players * £5 * .175 + 10 players * £5 * .20)) * 100 / (110 players * £5) = 82.84%

In the case of an equipment malfunction, all pays and play are voided. All affected players will be returned to the state they were in before the malfunction and Pikum! will launch an investigation to prevent the malfunction from occurring again.

If a Pikum has been created by you but has no outstanding real-money Pikums, then the Pikum will be closed immediately. If a Pikum has been created by you and has outstanding real-money entries, then you will be given the option to (a) forfeit all fees that may be payable to you for creating such Pikum!, or (b) cancel the account closure process. If you choose to forfeit their fees, then any fees will be donated to a charity of Pikum!s choice or otherwise disposed of according to policy.

After your account has been closed, you will be allowed to login to check the status of your account withdrawals (if applicable). However, all money-play options and FREE PLAY options will be disabled.

If you close your account, then all remaining funds in the account will be returned to you, less any applicable fees or reconciliations, in accordance with Pikum!s Account Withdrawal policies.

When you close your account, a confirmation email will be sent to your registered email address notifying you that your account has been closed and that you should contact Pikum! if this is incorrect.

If you have set any gaming limits on your account, then those limits will remain intact when you close your account. If you re-open your account at a later stage and the limits are still within the defined period, then they will remain in force until the defined period has lapsed.

Once your account is closed, you will automatically be unsubscribed from all of Pikum!s email lists (e.g., newsletters, promotional materials, etc.). However, during the close account process you will have the opportunity to opt in to receive future promotional emails from Pikum!

Pikum is more fun because in every game, there is always a winner. When you enter a Pikum, you are asked to predict what you think is going to happen across a number of events – we call these piks. When the host setup the Pikum, each of those pik was given a certain number of points (out of 10,000). If you're exactly right, you'll get all of those points. If you're not right, but close, then you'll get some of the points. At the end of the Pikum, the person (or people) with the most points win.

Here's how it happens.

1. The host creates a Pikum and chooses how many points can be won for accurately predicting each Pik. The total number of points in a Pikum is always 10,000. This is a way for the host to have one pik be more valuable than another.
2. Each player makes a prediction for each Pik in the pikum. Each prediction is either a yes/no prediction like "Will the Red team win?", or "Will player Jon Smith score?", or a numeric guess prediction like "How many corner kicks will the Red team have" or "what minute will the first goal be in".
3. The events take place and Pikum receives the results through our data provider, PA Sports (link to PA sports). We use this data to score the Pikum.

   How different types of Piks are Scored
   Pik Type	Examples	How is it scored
   Yes / No	Match Winner for Chelsea vs. Arsenal? Will Arsenal Score a Goal? Will someone see Red in the match?	All or nothing
   Numeric	How many goals will Chelsea score? How many corner kicks will Arsenal win? How many fouls will be committed in the match?	Peerscore - You receive points based on how close you are to the result on a sliding scale determined by how much better your prediction was than other players. If you're good at picking things other people aren't, you get extra benefit!

4. If a pik was a yes or no, you receive all the points if you got it right and none of the points if you're wrong. If it's numeric pik, you receive points based on how close you are compared to the result, and compared to how well other people pik. This means that if you are close to a numeric result and everyone else was way off, you get an extra benefit! We call this way of scoring, PeerScore.
5. We sum up your score for each pik – this is your score for the Pikum. We rank entrants by how many points they've earned, and the entry with the largest number of points is the winner.
   
   

Payout Amounts for Payout Structure Expresses as percentage of prize pool.      

Winners	1st	2nd	3rd	4th	5th	6th	7th	8th	9th	10th
Winner takes all	100%
Top 3	50%	40%	30%
Top 5	40%	24%	16%	12%	8%
Top 10	30%	20%	13%	9.2%	8%	6.2%	4.7%	3.8%	2.9%	2.2%

If a certain number of players tie for a place that is awarded a prize, the prize for that placing will all be summed together and distributed evenly among the players. For example, if three players tied for 3rd place, the results will look like:

1st	User A
2nd	User B
3rd	User C
3rd	User D
3rd	User E
4th	User F
5th	User G
6th	User H

The three players that tied for third will split the prizes (if any) for 3rd, 4th, & 5th evenly amongst themselves.

PeerScore is the scoring method we created and that we use to assign points for Piks with numeric guesses. Two examples of Piks with numeric guess are total number of goals scored and the minute of the first goal.

These types of Piks are scored based on how close a player got to the correct answer (their distance) as well as how close they got relative to other players in that particular Pikum. We call it PeerScore because your score depends on how well you did relative to your peers in this particular Pikum as part of the calculation.

PeerScore is calculated by finding the median distance of all players in the Pikum for that Pik. Then a scoring bound of 2.5 times the median is created from the actual result. All players outside the scoring bound receive no points. All players inside the scoring bound receive points linearly based upon where they fall within the scoring bound. If a player answers the Pik exactly correct, they will receive the full amount of available points. If a player’s Pik is in the middle of the scoring bound, they will receive 50% of the available points. If the player’s Pik is at the end of the scoring bound or below, they will receive 0% of the available points.