Sports Betting Rules
Basic Terms and Definitions
- Betting Platform — a sports betting service provided on the website vavada.com (hereinafter referred to as the ‘Website’) by Vavada B.V..
- These Sports Betting Rules are inextricably linked to the Terms and Conditions of the Website and form an integral part thereof. Acceptance of these Sports Betting Rules is a prerequisite for registering an account. All terms written with a capital letter but not defined in this document have the meanings provided in the Terms and Conditions.
- Client (Player) — a registered user who participates in betting on the Platform.
- Bet — an agreement between the Customer and the Platform for betting, according to which the Customer places a monetary bet on the outcome of an event.
- Line — a list of events offered by the Platform for betting, including the corresponding odds on which Customers can place bets.
- Outcome – the final result of the event on which the Customer has placed a bet.
- Winning odds – the odds offered by the Platform for betting on possible outcomes of an event. These odds are dynamic and may change under the influence of various factors.
- Bet – the amount of money placed by the Customer on a specific bet.
- Payout – the amount of money received by the Customer on a winning bet, calculated by multiplying the bet amount by the corresponding winning odds.
- Purpose – the main function of the Betting Platform is to accept bets on a wide range of events, including sporting competitions, entertainment events and other significant events (collectively referred to as ‘Events’).
- Customer Responsibility – Customers are responsible for complying with the laws of their jurisdiction regarding participation in sports betting. A list of prohibited jurisdictions is provided in the ‘Terms and Conditions’ section of the Website.
- Changes – The betting platform reserves the right to make changes to these terms and conditions at any time without prior notice. All changes apply to subsequent bets, while the terms and conditions of bets already placed remain unchanged. Customers are advised to regularly review the current version of this Policy.
- Account security – Customers are responsible for keeping their account details, including passwords, safe and confidential. The betting platform is not responsible for any unauthorised access to a Customer's account resulting from the Customer's failure to keep their login details secure.
- Account Restrictions – Customers from certain jurisdictions (listed in the ‘Terms and Conditions’ section of the Website) are strictly prohibited from using the services of the Betting Platform. If such use is detected, the Customer's account will be closed immediately and any remaining funds may be confiscated.
Introduction
All information on the Website is provided by the Website service provider, Vavada B.V. Certain provisions of this Sports Betting Policy containing the pronouns ‘we’, ‘us’, “our” or the word ‘Company’ do not refer to the above-mentioned company with which the agreement is concluded.
Terms and Conditions for Accepting Bets
- Placing bets — bets can only be placed through the official website of the Betting Platform. All bets must be placed before the start of the relevant event, with the exception of live bets. Bets placed after the start of the event are considered invalid, unless they fall into the category of Live bets.
- Bet confirmation — after placing a bet, a confirmation message will appear on the Customer's screen. The bet is considered valid from the moment it is recorded in the bet history of the Customer's account.
- Cash out and bet cancellation — once a bet has been confirmed, it cannot be cancelled or changed by the Customer. However, the Customer has the right to use the cash out option, which allows them to withdraw part of the bet amount before it is settled. The cash out amount is dynamic and may be less than the original bet amount. This option is not considered a cancellation of the bet, but is treated as a partial redemption of the bet. In the event of obvious errors, such as incorrect odds or incorrect event data, the Betting Platform reserves the right to declare the bet invalid and return the original bet amount to the Customer.
- Minimum and maximum bets — The betting platform may set minimum and maximum bet sizes for each bet. These limits may vary depending on the event, bet type and the Customer's betting history.
- Suspicious betting patterns — The betting platform monitors all bets for suspicious patterns. In the event of reasonable suspicion of fraudulent activity on the part of the Customer, such as match-fixing or collusion, the Platform reserves the right to declare such bets invalid, freeze the account and report the relevant information to the authorities.
Cash Out feature
- Cash Out — the Cash Out feature allows the Customer to end a bet before its outcome is known. The Cash Out amount depends on the current odds and the course of the event.
- Availability — the cash out function may not be available for certain bets or at certain times. The betting platform does not guarantee the availability of this function at all times. It may be suspended, in particular, during live betting, due to rapid changes in the market situation.
- Partial cashout — in certain cases, the Customer may be offered the option of a partial cashout — withdrawal of part of the bet, with the remaining amount continuing to participate in the bet until it is settled.
- Final settlement — after processing the cashout request, the corresponding bet is considered closed, and the outcome of the event will no longer affect the bet.
Winnings and payouts
- Winnings calculation — winnings are credited to the Customer's account immediately after the official result of the event is confirmed. Payouts are made based on the odds that were in effect at the time the bet was placed.
- Payout restrictions — The betting platform may set maximum payout limits for certain events or types of bets.
- Suspension of payouts — The betting platform reserves the right to suspend payouts if there are reasonable grounds to suspect fraud, match-fixing or other violations. If fraud is confirmed, the relevant bets will be declared invalid and no payouts will be made.
Compliance and licensing
The betting platform operates under a licence issued by the Government of Curaçao. Customers are required to comply with all applicable laws in their jurisdiction, including age verification requirements and mandatory Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures.
Responsible Gaming
The betting platform provides access to responsible gaming tools in accordance with regulatory requirements, including self-restriction and self-exclusion options. Additional resources and assistance can be found on the Responsible Gaming page.
Complaints and Disputes
All bets are settled based on the official results provided by the relevant authorities regulating the events. All disputes are subject to resolution in accordance with the Website's Terms and Conditions.
Fair Play and Fraud Prevention
The betting platform uses modern monitoring systems to identify suspicious betting patterns and potential fraudulent activity. Accounts of Customers found to be involved in match-fixing, collusion or other illegal activities are subject to deletion, and the relevant information may be passed on to the appropriate authorities.
Integration with the Privacy Policy
Customers' personal data is processed only to the extent necessary to ensure operational activities, fulfil legal obligations and comply with regulatory requirements, as specified in our Privacy Policy. Details about the use and protection of data, as well as the Customer's rights, are available in the ‘Privacy Policy’ section of the Website.
Limitation of Liability
The betting platform is not responsible for delays, interruptions or failures caused by external factors beyond its control, including, but not limited to, technical malfunctions, natural disasters or interruptions in the operation of third-party services.
This document was originally written in English. In the event of any discrepancies or differences between the translation and the original, please refer to the English version of the document.
Localisation
The Betting Platform interface is available in several languages. However, Customers are responsible for understanding the terms and policies. Before placing a bet, Customers must ensure that betting is legal in their jurisdiction.
Age restrictions
The services provided on the Website are not available to persons under the age of 18 or who have not reached the minimum age required by law to participate in betting in the jurisdiction from which the Website is accessed. The Company reserves the right to verify the age of the Customer at any stage.
AML and KYC Procedures
Customers are required to undergo a ‘Know Your Customer’ (KYC) identification procedure. The Company has the right to request identity documents at any time in order to comply with anti-money laundering (AML) legislation. Failure to comply with this requirement may result in the suspension or closure of your account.
Fair Play Guarantee
The use of automated systems, collusion, and any attempts to influence the outcome of bets or events are strictly prohibited. The Company reserves the right to investigate suspicious activity and take appropriate measures, including suspending the account.
Tax liability
Customers are responsible for complying with all applicable tax obligations arising from the receipt of winnings in accordance with the laws of their jurisdiction.
Download the file to read the full sports betting rules from the provider.
https://static-a.vavada-cdn.net/resources/Betting_Rules_Ru.240c4137e2bd478cbaf08165ba86980c.pdf