Terms and Conditions for Fixed Odds Betting on Worldwide Lotteries
1. Introduction: These terms and conditions govern your participation in the fixed odds betting game on worldwide lotteries ("the Game") Bolabet offers. By participating in the Game, you agree to be bound by these terms and conditions.
1.1 Connection to General Terms and Conditions: These Lottery Game Terms and Conditions are an integral part of the broader General Terms and Conditions established by Bolabet. In the absence of specific clauses within these Lottery Game Terms and Conditions, the general provisions outlined in the broader terms and conditions remain applicable. Participants are advised to familiarize themselves with the General Terms and Conditions to gain a comprehensive understanding of their rights, obligations, and the overarching principles governing their interactions with Bolabet. By participating in the Lottery Game, participants implicitly agree to adhere to both the specific provisions outlined herein and the general principles detailed in the broader terms and conditions. In the event of any discrepancies or conflicts between the Lottery Game Terms and Conditions and the General Terms and Conditions, the latter shall prevail unless explicitly stated otherwise. Bolabet reserves the right to modify the General Terms and Conditions and will notify participants of any such changes in accordance with the stipulated procedures. This connection ensures consistency and coherence in the regulatory framework governing the participation of users in the Lottery Game, creating a unified set of rules and guidelines that contribute to a fair, secure, and transparent gaming environment. Participants are encouraged to regularly review both sets of terms and conditions to stay informed about any updates or modifications that may impact their engagement with Bolabet.
2. Eligibility: To participate in the Game, you must be 18 years or older. Only residents of the Republic of Zambia are eligible to participate.
3. Game Description: The Game offers an array of market types, providing participants with diverse betting options on worldwide lotteries. Each market type represents a unique way to engage with and predict outcomes. Participants can choose, for instance, from the following market types:
3.1 Standard Number Betting: Participants place bets on specific numbers drawn in the lottery. Payouts are determined by the fixed odds associated with correctly predicting the drawn numbers.
3.2 Sum of Numbers: In this market, participants predict the total sum of the numbers drawn in a specific lottery. Fixed odds are assigned based on the likelihood of different sum ranges.
3.3 Odd/Even Numbers: Participants can bet on whether the drawn numbers will be predominantly odd or even. Fixed odds reflect the probability of the selected outcome.
3.4 High/Low Numbers: This market allows participants to wager on whether the drawn numbers will be in the higher or lower range. Fixed odds are assigned according to the perceived probability of each range.
3.5 Bonus Ball Betting: For lotteries that include a bonus ball, participants can place bets on specific outcomes related to the bonus ball, such as its color or numerical value.
These market types aim to provide participants with a dynamic and engaging betting experience, catering to different preferences and strategies. It is essential for participants to familiarize themselves with the rules and fixed odds associated with each market type before placing bets. Bolabet reserves the right to introduce, modify, or remove market types as deemed necessary for the enhancement of the Game.
4. Bets and Stake Limits: Participants may place bets on specific numbers, outcomes, or market types within the Game. It is important to note that each bet is subject to the following limits:
4.1 Minimum and Maximum Stake:
· The minimum stake per coupon is set for each bet, and participants are required to adhere to this minimum when placing their wagers.
· The minimum stake per coupon is – ZMW 1.00 (One Zambian Kwacha)
· The maximum stake per coupon is imposed to ensure responsible gambling practices. Participants cannot exceed this maximum stake when placing bets.
· The maximum stake per coupon is – ZMW 3,000.00 (Three Thousand Zambian Kwacha)
4.2 Maximum Potential Win Per Coupon: Each bet is associated with a maximum potential win per coupon, calculated based on the fixed odds and the stake placed by the participant. The maximum potential win per coupon is the highest sum a participant can receive if their bet is successful. The maximum potential win per coupon is – ZMW 100,000.00 (One Hundred Thousand Zambian Kwacha)
4.3 Overall Maximum Winning Limit Per Draw – ZMW 300,000.00 (Three Hundred Thousand Kwacha)
4.4 Individual User Limits: Bolabet reserves the right to assign individual betting limits at its sole discretion. These limits may vary from one user to another based on factors such as betting history, account activity, and other relevant considerations. The purpose of these limits is to ensure fair and responsible gaming practices.
4.5 Refusal of Bets: Bets exceeding the established limits (minimum stake, maximum stake, or maximum potential winning) will be refused by the system. Participants are advised to review and adhere to these limits when placing their bets.
4.6 Adjustments to Limits: Bolabet may, at its discretion, adjust betting limits for individual users based on factors such as account history, betting patterns, and other relevant considerations. Participants will be informed of any changes to their betting limits.
4.7 Responsible Gambling: Participants are encouraged to gamble responsibly within their means. The establishment of betting limits is part of our commitment to promoting responsible gaming. If participants believe they need further assistance in managing their gambling activities, Bolabet provides tools for setting additional personal limits and self-exclusion.
4.8 Violation of Limits: Any attempt to circumvent or violate the established betting limits is considered a breach of these terms and conditions. Bolabet reserves the right to take appropriate actions, including the suspension or closure of accounts, in the event of such violations.
These measures are implemented to maintain the integrity of the Game, protect participants, and promote responsible gambling practices. Participants are strongly advised to review and understand the betting limits associated with each bet before confirming their wagers.
5. Draws and Results: Results of lottery draws will be based on the official outcomes of the respective lotteries. Any discrepancies or disputes will be resolved according to the rules and regulations of the relevant jurisdiction.
6. Payouts and Winnings: Payouts for bets will be determined based on the official results obtained from the relevant lottery draw's official channel. It is imperative to note the following:
6.1 Result Collection: Bets will be settled promptly as soon as the official results are collected from the designated and recognized channel affiliated with the respective lottery draw. This channel serves as the authoritative source for determining the outcomes of the draws.
6.2 Official Confirmation: The official confirmation of results from the designated channel will be considered final and binding for all bets. Any discrepancies, errors, or disputes regarding results must be addressed in accordance with the rules and regulations established by the relevant jurisdiction.
6.3 Calculation of Winnings: Winnings are calculated based on the fixed odds at the time the bet is placed and the stake amount. The official results determine the success or failure of the bets, and payouts are automatically credited to the participant's account.
6.4 Currency and Tax Considerations: All winnings and payouts will be credited in Zambian Kwacha. Participants are responsible for any applicable taxes on their winnings as per the regulations of their respective jurisdictions.
6.5 Disputes and Adjustments: In the rare event of discrepancies or disputes related to the settlement of bets, Bolabet will conduct a thorough investigation. Adjustments, if necessary, will be made based on the final and verified results from the official channel.
6.6 Delayed or Cancelled Draws: In cases where a lottery draw is delayed, cancelled, or declared void for any reason, Bolabet will outline the procedures for handling bets associated with that particular draw. Participants will be duly informed of any such circumstances and the subsequent actions taken.
Participants are encouraged to verify their bets and review the official results promptly after the draw to ensure accurate settlement. Bolabet is committed to transparency and fairness in the settlement process, relying on the official and authoritative channels provided by the relevant lotteries.
7. Fraudulent Activity: Bolabet is dedicated to maintaining the integrity and fairness of the Game. Any attempt by participants to engage in fraudulent activity will be met with severe consequences. Fraudulent activities include but are not limited to:
7.1 Exploitation of the System: Participants found attempting to exploit vulnerabilities in the system, manipulate odds, or engage in any form of cheating will face immediate suspension or closure of their accounts. Bolabet employs advanced security measures to detect and prevent such activities.
7.2 Insider Information: Bets placed with prior knowledge of lottery results or any attempt to manipulate bets after the official draw results have been declared are considered fraudulent. Participants engaging in such activities will be subject to account suspension, closure, and the cancellation of associated bets.
7.3 Collusion and Unfair Practices: Collusion among participants to gain an unfair advantage or manipulate outcomes is strictly prohibited. Bolabet reserves the right to suspend or close accounts involved in collusion, and any associated bets will be canceled.
7.4 Account Tampering: Unauthorized access, manipulation, or tampering with account details, including personal information and financial data, is considered fraudulent. Such activities will result in immediate account suspension and may be subject to legal action.
7.5 Consequences of Fraudulent Activity: In the event of suspected fraudulent activity, the bookmaker will conduct a thorough investigation. If fraudulent actions are confirmed, the participant's account will be suspended or closed, and all associated bets will be voided. Any winnings, bonuses, or funds in the account may be forfeited.
7.6 Reporting Fraudulent Activity: Participants are encouraged to report any suspicious or fraudulent activity promptly. Bolabet will treat all reports with confidentiality and will take appropriate action to address any verified instances of fraud.
7.7 Legal Implications: Engaging in fraudulent activity may not only result in immediate account actions but may also lead to legal consequences. Bolabet reserves the right to cooperate fully with law enforcement agencies in investigating and prosecuting fraudulent behavior.
Bolabet is committed to creating a fair and secure gaming environment. Participants are reminded that fraudulent activities undermine the trust and integrity of the Game and will not be tolerated. By participating in the Game, all users agree to adhere to ethical and lawful gaming practices.
8. Account Management: Participants are responsible for maintaining the confidentiality of their account details. Bolabet is not responsible for any unauthorized use of accounts.
9. Cancellation and Refunds: While bets placed by participants cannot be cancelled once confirmed, the Bolabet reserves the right to cancel or refund bets under specific circumstances. It is important for participants to understand the conditions under which cancellations or refunds may occur:
9.1 Defects in Application: In the event of technical defects, glitches, or errors in the application that may compromise the fairness or accuracy of bets, Bolabet retains the right to cancel or refund affected bets. Such decisions will be made in the interest of maintaining a reliable and transparent gaming platform.
9.2 Fraudulent Activity by Bettor: If Bolabet detects fraudulent activity by a participant, including but not limited to attempts to exploit the system, manipulation of odds, or any other form of dishonest behavior, bets associated with such activity may be cancelled. Participants engaging in fraudulent actions forfeit their right to refunds.
9.3 Incorrect Odds: In the event of errors in the calculation or display of odds due to system malfunctions or human error, Bolabet reserves the right to cancel bets placed at incorrect odds. Refunds or corrections will be made to ensure the accuracy and fairness of the betting platform.
9.4 Unfair or Unintended Circumstances: In cases where external factors, beyond the control of Bolabet, result in unfair or unintended consequences for the participants or the Game, Bolabet may, at its discretion, cancel or refund bets. Such circumstances may include, but are not limited to, disruptions to lottery draws, force majeure events, or other unforeseen issues.
9.5 Notification of Cancellations or Refunds: Participants will be promptly notified in the event that their bets are cancelled or refunded. Bolabet will provide clear explanations for such actions, ensuring transparency and fairness in the resolution process.
9.6 Irregular Betting Patterns: Bolabet may investigate and, if necessary, cancel or refund bets associated with irregular betting patterns that may indicate potential abuse, collusion, or other forms of unethical behavior. Such actions are taken to maintain the integrity of the Game.
9.7 No Liability for Consequential Loss: Participants acknowledge that Bolabet is not liable for any consequential loss, damage, or inconvenience resulting from the cancellation or refund of bets. Bolabet’s liability is limited to the refund of the original stake amount.
Participants are encouraged to review their bets carefully before confirming, and any concerns or queries regarding cancellations or refunds should be directed to customer support. Bolabet is committed to ensuring a fair and secure betting environment for all participants.
10. Responsible Gambling: Participants are encouraged to gamble responsibly. Bolabet provides tools for setting deposit limits and self-exclusion. If you believe you have a gambling problem, seek help from a relevant support organization.
11. Termination of Service: Bolabet reserves the right to terminate or suspend the Game at any time for operational, legal, or regulatory reasons. In such cases, participants will be informed in advance.
12. Changes to Terms and Conditions: Bolabet may modify these terms and conditions at any time. Participants will be notified of any changes, and continued participation in the Game constitutes acceptance of the modified terms.
13. Governing Law: These terms and conditions are governed by the laws of Zambia. Any disputes will be subject to the exclusive jurisdiction of the courts in Zambia.
By participating in the Game, you acknowledge that you have read, understood, and agreed to these terms and conditions.