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2. Terms and Conditions

2. Terms and conditions

Betarabia has the right to revise and update the rules and regulations at any time. The betting client is responsible to keep himself/herself updated of the current valid provisions. With the conclusion of a bet the betting client accepts the validity and applicability of the present betting provisions in the respective valid version.

Betarabia  reserves the right to refuse personal account applications, to refuse the acceptance of bets, or to limit the amount of bets; without obligation of providing reason. No person or household will be allowed to have more than one Betarabia Sportsbook account. Betarabia reserves the right to terminate multiple accounts that fall within the Betarabia family of sportsbooks.

Betarabia reserves the right to trace double accounts and to terminate them. In this case all relevant data will be transferred to the most active account of the respective client. If a customer is found to have more than one account and have placed identical bets with the two accounts the client will instantly be revoked of his/her client privileges which might result in confiscation of winnings and/or cancellation of all placed bets (even decided ones).

Betarbia does not accept bets when it is likely that customers act in agreement, or as a syndicate. Placing identical bets from more than one account and from the same IP address might be considered a syndicate even if the personal betting limits has not been reached. Syndicate betting is considered as fraud and may lead to reduction of betting limits, closing of account, confiscation of winnings and/or cancellation of all placed bets (even decided ones). Legal action may also be considered.

Betarabia does not assume liability for transmitted errors of betting data and results. No claim for damages can in any instance be made because of incorrect, delayed, manipulated or abusive transfer of data on the internet or because of other transmission errors of data and results.

Betarabia has at its absolute discretion the right to correct any palpable errors and to take the necessary steps to provide a fair service for its clients. A palpable error could be any incorrect information published in regard to an event. For example, incorrectly (reversed) setup handicap, wrong team/teams/participants, incorrect deadlines or technical errors etc.

We also reserve the right to correct obvious errors with the input of betting odds and/or the evaluation of betting results even after the event - or to declare affected bets void. It is the client’s responsibility to ensure they place their bets correctly.

It is not allowed to place bets within the same coupon that has a correlation. This kind of bets could be deemed void even after the result of the event is known.

The betting client is responsible for the confidentiality of the personal accounts details and access information. Betarabia is not liable for bets which are concluded by third parties who get to know this information or any other account tampering due to client negligence.

It is the responsibility of the betting client to instantly report each amount mistakenly credited to his account. All winnings occurring as a result such error are invalid under whatever circumstances they occurred.

The bet is invalid if the actual date or time of the bet or necessary personal data of the betting client are missing due to transmission errors. The bet is paid back. Bets which are accepted after the beginning of a race, a game or an event are also declared invalid.

The minimum amount per bet is: USD 0.20. The maximum winning per customer is USD 100,000

Check the following table for the limits per currency

Bet games Configuration LBP USD
Min bet per betslip               25,000             0.20
Max bet per betslip      100,000,000           5,000
Max winnings per betslip   4,000,000,000       100,000

 

Payments Configuration LBP USD
OMT min deposit                                 100,000                            10
OMT max deposit                         100,000,000                       5,000
OMT min  withdrawal                                100,000                            10
OMT max withdrawal                         100,000,000                       5,000
OMT weekly max withdrawal amount    
OMT monthly max withdrawal amount    
Net commerce min deposit                                 100,000                            10
Net commerce max deposit                           10,000,000                       5,000
Net commerce min  withdrawal                                100,000                            10
Net commerce max withdrawal                           50,000,000                     20,000
Net commerce weekly max withdrawal amount    
Net commerce monthly max withdrawal amount    
Bank Tansfer min deposit                              5,000,000                          500
Bank Tansfer max deposit  No limit   No limit 
Bank Tansfer min withdrawal                             5,000,000                          200
Bank Tansfer max withdrawal  No limit   No limit 

In case a user places several identical bets (also combinations of single and multiple bets) for which the total winnings exceed the winnings limit per bet then Betarabia has the right to reduce the bet to comply with the winnings limits.

In case of fraud or attempted fraud especially regarding the placement of bets the betting client will instantly be revoked of his/her client privileges.

Bets from bookmakers as well as betting agents are not accepted. Bets on events in which the user is participating in the sport event (e.g. as a participating sportsman, as an owner, trainer or functionary of a participating club) are not permitted. In case this provision is not complied with, Betarabia is authorized to refuse payment of any winnings, and to cancel the bet or bets even after the bet has been settled.

If, for some reason, an Event occurs that is unclear or not covered by the rules and regulations including Event/Market Specific Rules on the Event or Market pages of the Website, Betarabia reserves the right to decide the outcome of each event on a case-by-case basis.

All bets sent to the Manual Review function may be rejected, partially accepted or fully accepted regardless of how the request is made. The sportsbook reserves the right to determine all betting limits for each individual client and bet.