Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) For the purposes of this Part:
(a) if an outstanding or pending bet turns out to be a winning bet--the bet is resolved when the bet is settled; and
(b) if an outstanding or pending bet turns out to be a losing bet--the bet is resolved when it becomes clear that the bet is a losing bet; and
(c) if the bettor becomes entitled to a refund of the bet--the bet is resolved when it becomes clear that the bettor has become entitled to a refund of the bet.
(2) For the purposes of paragraph (1)(c), it is immaterial whether a refund is or will be made by way of a credit to a licensed interactive wagering service account.