1.1 Betting247�s customers are required to familiarise themselves with these terms and conditions. These will regulate betting transactions between Betting247 and its customers. If you do not accept, you should not engage in future transactions with Betting247.
1.2 By opening a betting account with Betting247 and each time that you (hereinafter referred to as the �customer�) make a betting transaction with Betting247, the customer agrees to be bound by Betting247�s current terms and conditions, services and rules.
2.1 By using any of the information contained on the website, by navigating on it or by using Betting247�s, the customer warrants that he or she is older than 18 years. Any person 18 years or older can operate a Betting247 Account.
2.2 The customer acknowledges that he/she operates in him/her self�s name and that he/she is not operating on behalf of any group, company or any other person.
2.3 Betting247 has been created for leisure purposes only. If at any time we consider that any customer is placing bets with intentions other than enjoyment (that is for professional or large-scale profit making purposes), we reserve the right to close said user�s account and to not process any more bets coming from them or to limit their daily betting activity.
2.4 Betting247 may limit accounts to one per full name, ID number, physical address, telephone number, email address IP address, device identifier and/or other similar information.
2.5 There are minimum and maximum amounts that a customer can bet. The minimum bet is currently set at R5 and the maximum amount is set at R10,000. Betting247 reserves the right to change these amounts at any moment without prior notice.
2.6 By using the Betting247 website the customer acknowledges there is a risk of losing money and he/she will accept full responsibility for such losses.
2.7 The customer acknowledges, agrees and accepts that Betting247 is not liable for the following:
2.8 The customer guarantees that all information in the new account form is true and correct. The customer must immediately bring to Betting247�s attention in writing any and all matters that might have bearing on an approved application or the customers� creditworthiness or legal capacity or eligibility as a customer. The information provided must at all times be kept up-to-date. Should any of the data provided change for any circumstance, the customer will get in contact with the Betting247 team and inform of such changes. It is the customer�s responsibility to ensure that the Betting247�s team has received the communication and processed the changes.
2.9 The customer undertakes that he/she shall immediately notify Betting247 as soon as the customers� account information is lost, stolen or utilized by someone other than the customer or should the customer have reason to believe that any of the above circumstances have occurred.
2.10 The customer will not allow or place any person in the position to place a bet, directly or indirectly, with the use of the dedicated account reference number/name or personal identification number which is or may be furnished to the customer by Betting247 and Betting247 shall accordingly not be liable to pay out any winnings on bets so placed.
2.11 Account balances will be the sole responsibility of the customer and should be checked at every available occasion. It is the customer�s responsibility to get in touch with the Betting247 if he/she does not understand or is unclear about any aspect of the processing of their transaction or of their balance available at Betting247.
2.12 If funds are credited to the customer�s account by accident, it will be incumbent upon him/her to notify Betting247 of the error as soon as possible. In the event that the customer should utilize a credit amount erroneously credited to his account then Betting247 shall be entitled to void all successful betting transactions arising from the unlawful use of a credit amount/s.
2.13 The customer acknowledges his/her full responsibility to pay the corresponding taxes and to comply with all financial and/or governmental institutions as demanded by South African law.
2.14 Betting247 reserves the right to close any account or limit any account�s betting activity at its sole discretion, whether it is as a result of more than one account opened by the customer, or malicious use and bet placement on the customer�s behalf. Betting247 also reserves the right to refuse any pending bet for a range of reasons, including suspicions of a malicious transaction taking place.
2.15 Once a betting transaction has been offered and accepted by Betting247 then the customer may not cancel and or seek to amend same. No bet may be cancelled, changed, or modified by the customer once it has been received and accepted by Betting247 unless communicated in writing to: [email protected].
2.16 In the event that Betting247 decides to offer any kind of bonus to the customer, said bonus may only be used to bet on the Betting247 website. The customer will only be able to withdraw winnings gained by using such bonus, and not the bonus quantity granted. The bonus should not be treated as real money, but as betting credit which will only be of value at Betting247�s website. Every bonus will be subject to its own terms and conditions and it is mandatory that every customer who receives any kind of bonus reads, understands and agrees with the conditions that apply.
3.1 All bets must be valid in order to be accepted by Betting247. To be valid, a bet must:
3.2 Betting247 may determine a minimal and/or maximal amount that a customer may win or lose with a bet, whether generally or specifically. It is the customer�s responsibility to enquire before placing a bet as to whether such a minimal and/or maximal are applicable to a particular bet or market and, if so, what the extent of such minimal and/or maximal are.
3.3 Bets will be accepted and processed up until 1 minute before the start of any given game. Live betting will only be available when Betting247 specifically promotes live betting for a game.
3.4 Customers who withdraw their funds and/or winnings from Betting247 will be requested to show proof of identity, age and residency among others in compliance with the relevant regulations in force. All copies of documents we receive must be up to date, in good condition and all data must be clearly legible. Betting247 may refuse to process a transaction if the copies of the identity documents provided by the customer are deemed to not be of quality.
3.5 Withdrawal transactions need to meet certain criteria in order to be accepted and processed by the Betting247 team:
3.6 Customers will receive notifications when transactions are confirmed. This includes when a withdrawal is approved by the Betting247 team or when a bet placed is accepted, among others.
3.7 The determination of the pay-out arising from a sporting event in which a dead heat has taken place will be determined by dividing the amount staked by the customer by the number of persons/teams/participants who form part of the dead heat and adding the amount of the contemplated payout divided by the number of persons/teams/participants who form part of the dead heat. For example, if you bet R20 at a 5:1 stake for one of the winning horses in a horse race in which there are two winners your pay-out would be calculated as follows:
3.8 In the event that the relevant sporting authority or any other relevant authority determines that there is clear evidence of the existence of Match Fixing then the betting transaction concerned shall be void and the stake shall be refunded.
3.9 In the event that Betting247 should determine, as a result of its own investigations and/or the investigations undertaken by third parties, that Match Fixing has taken place, it shall be entitled in its sole discretion to void the betting transaction(s) concerned and arising therefrom the amount staked shall be refunded.
3.10 The customer acknowledges that all betting transactions shall be subject to individual sporting events rules (including the number of minutes after which the bet is settled), which are explained hereinafter.
4.1 Football (Soccer)
All quotes are for 90 minutes of play. Injury time is considered to be part of the 90 minutes of play. Goals scored during injury time are considered to be scored in the 45th or 90th minute respectively and form part of the 90-minute match.
Any extra time played to decide who wins a match after a draw in the knockout stage of a competition do not count for any of the 90-minute quotes. Separate quotes will be given for cases where extra time is played.
If a match is postponed before kick-off and played within 24 hours of the original start time all bets will stand. Bets on any match that is abandoned or postponed for more than 24 hours after kick off are void.
The "To Bat First" market will be closed before the toss and any bet struck after the toss has been determined will be void.
The Man of the Match will be resulted as the player who is declared the man of the match by the relevant authority.
All bets will be settled in accordance with controlling authority competition rules, including matches where a reduction of overs takes place.
When a match is tied, top batsman, bowler and total bets shall stand, but match bets shall be void, unless a tie is included in the betting.
All bets are laid on 80 minutes play, plus referee�s optional time, if applicable.
If a match is abandoned for any reason and there is no official result, then all bets not determined during the match shall be void.
All betting to win a tournament/lift the cup/progress to the next round will include extra time and penalty shootouts played.
Penalty tries will be included for betting on first try bets. If a price is quoted for a penalty try for the purposes of first try scorer betting, then bets on players will be a losing bet. If no price is quoted, then the penalty try will be ignored for betting purposes.
When a tournament scheduled for 72 holes is abandoned, all bets on the outcome of the tournament shall be invalid.
When a tournament is suspended for any reason and no official result is declared, but the tournament is intended to be rescheduled all outstanding bets will stand until a result is declared by the relevant controlling authority. If a result is not declared within 5 days of the original scheduled completion date, all outstanding bets shall be void.
Where a tournament is reduced from the scheduled number of holes for any reason bets will be settled on the player awarded the trophy if 36 holes of the tournament have been completed. If less than 36 holes have been completed then bets will be invalid.
Bets shall be void on any player who fails to tee off in the first round. Players who withdraw after tee off shall be deemed a loser of the tournament.
A player who tees off is deemed �under orders� and all outright and match bets stand.
Markets will be settled on the official result declared by the relevant governing body at the time of the ceremony, regardless of any subsequent disqualification or amendment to the result.
If there is no presentation ceremony, outcomes will be determined according to the official result declared by the relevant governing body, regardless of any subsequent disqualification or amendment to the result.
Except as otherwise provided for in the Market Information, if a track or field event is abandoned, cancelled or postponed and not completed within five days of the scheduled completion date, all bets will be void.
If any of the named players in a match changes before the match starts all bets on that match shall be void.
If a match starts but is not completed all bets shall be void, unless they have already been settled.
All markets will be settled according to the final result after 9 innings (8 � innings if home team is winning at this point).
In case a match is interrupted or cancelled and won�t be continued on the same day, all undecided markets are considered void.
If markets remain open with an incorrect score or which has an impact on the prices, we reserve the right to cancel bets.
If markets remain open with an incorrect score or incorrect match status which has a significant impact on the prices, we reserve the right to void betting.
All games must start on the scheduled date and time, failing which all bets thereon shall be void. If a game has been postponed or cancelled before its due start time, then all bets thereon shall be void.
If a game is abandoned or terminated at any time up to 5 minutes before the scheduled game end time, then all bets shall be void unless they have already been determined.
Three-way markets are settled on the score at the end of the prescribed match time.
To Win the Match bets, which exclude a draw, shall be settled after overtime should that be necessary to determine the winner.
Games must start on the scheduled date and time. All bets thereon shall be void if the given match does not start at the scheduled time. This rule applies for games that have been postponed or cancelled before its due start time.
4.9 Volleyball and Beach Volley
All matches must be played within 12 hours of the original scheduled start time. If not, all bets on delayed games will be void.
In the event of a match not being completed all bets thereon shall be void, unless the bet has already been determined.
If the referee enforce point deductions, the controlling authority�s official results will be used for settlement purposes, on all markets.
4.10 Boxing, UFC MMA and other combat sports
For all combat sports except boxing, prices are offered for each fighter to win. If there is a draw, all bets shall be void.
All boxing matches shall include betting on a draw and therefore bets on either boxer are losing bets if the fight ends in a draw
If a fight is abandoned, cancelled or postponed and not completed within three days of the scheduled start date, or a boxer/fighter is withdrawn or substituted before the first-round bell/the start of the fight, all bets will be void.
If a points decision is awarded before the scheduled number of rounds are completed, or a boxer is disqualified, bets will be settled on the round in which the fight was stopped. If one of the boxers/fighters is disqualified they will be deemed a loser.
All bets will be settled according to the official result declared by the relevant governing body immediately after the end of the fight, regardless of any subsequent disqualification or amendment to the result.
Where there is a presentation ceremony, markets will be settled on the official result declared by the relevant authority at the time of the ceremony. If there is no presentation ceremony, outcomes will be determined in accordance with the official result declared by said authority, regardless of any further amendment.
Head to head bets will be settled on a first competitor past the finish line basis.
Once a competitor has started, he will be considered a �runner� for both individual stage and outright betting.
Competitors must pass the starting line for bets on that competitor be valid. If a competitor fails to do so, any bet on the said competitor shall be void.
Bets stand regardless of riders changing named horses during an event.
4.13 Hockey and Ice Hockey
If an event is suspended, abandoned or postponed more than 24 hours after the scheduled commencement time, then all bets on that event shall be void. If the event takes place at a different venue, then all bets shall be void.
For ice hockey games, games must go 55 minutes for bets to stand. In the event a game is suspended prior to the 55th minute of play bets will be void unless the result of a market has been clearly determined during the normal course of play.
All bets are determined at the end of the scheduled 70 minutes, not including extra time or time allocated for a penalty stroke shootout.
All games must start within 12 hours of the scheduled time for bets to stand. A game must be completed in full for bets to stand.
All match markets will be settled on regulation time. Regulation time must be completed for bets to be valid unless the specific market outcome is already settled.
4.15 Motorsport (Formula 1, Superbikes, Rally competitions, Motorbike racing among others)
If a race is abandoned and no presentation position or official result is declared, all bets on that race will be void except for bets on any markets that have been unconditionally determined. However, if an official result or position is declared, bets will stand and the official result will be applied to determine the outcome of the event
If the scheduled venue is changed after the markets have been loaded by Betting247, all bets will be void.
On "Head-to-Head" bets (i.e. match bets), the driver or rider who finishes ahead or completes the largest number of laps is considered the winner. If both drivers complete the same number of full laps, the normal dead heat rules will apply.
In any case where there is no podium presentation, then the market will be settled on the official result declared by the relevant governing body, regardless of any subsequent disqualification or amendment to the result.
For Championship betting, the market will be settled by the number of points accumulated immediately after the final race of the season and will not be affected by any subsequent amendments.
Whether there is a presentation ceremony or not, markets will be settled on the official result declared by the relevant authority at the time of the ceremony or in accordance with the official result declared by the relevant governing body, regardless of further amendment to the result.
4.17 Tennis and Table Tennis
If a player retires or is disqualified, bets on the match result will stand only if one complete set has been played, otherwise these bets will be void. Bets on other markets will be void unless a definitive result for that market has already been determined. The player that progresses to the next round or is awarded the victory after the first set has been completed will be deemed the winner.
In Tennis, if there is a change of playing surface, a change of venue or a change from indoor to outdoor court, all bets will be void.
If a match is delayed or postponed for any reason then all bets will stand until the end of the match or the end of the tournament.
4.18 Winter sports
The start of the competition is defined as the start of first qualifying round. If the competition, heat, race, discipline, run, etc. is delayed or postponed for any reason then all bets will stand until the end of the tournament or the end of the stage at which it is scheduled.
If the competition consisting of several heats, races, disciplines, runs, etc. is finished ahead of schedule, all bets made after the last heat, race, discipline, run, etc. will be void. All other bets are settled on the basis of the final standings.
4.19 American football
All markets will be settled on the result including overtime unless Betting247 states otherwise. If the game results in a tie after overtime, all bets on the outright match winner market will be void.
If a game does not start at its programmed start time and is not completed within 24 hours of the scheduled completion time, all bets will be void except for those on markets that have been unconditionally determined.
However, if a match starts but is later abandoned or postponed, either: at least 55 minutes of play must have elapsed or an official result must be announced by the relevant authority. If not, all bets will be void, except for those that have been already determined.
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When you sign up to Betting247, we are obliged, in terms of the Financial Intelligence Centre Act No. 38 of 2001 ("FICA"), to verify data including (but not restricted to) your identity and your place of residence. This data will be handled with utmost care and shall only be shared with the governmental entities that oblige us by law to do so.
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