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What does it mean when a game is listed as un-ranked please?

We have a scoring thing called ghost rankings (not sure if it's still used actually), if you play unranked it means your score in that game will not go towards your ghost rating. You also cannot play for points if it is unranked.

Ghost Rating is still active, but we've recently changed servers and are having some issues updating it. Everything is saved though, so as soon as we fix this we'll have Ghost Rating again.

Unranked indeed refunds all starting bets to the players, regardless of the outcome. Well, unless they fail to submit orders twice in a row.