Sports Betting Policy

1. Basic Terms and Definitions

• Betting Platform: The sports betting service provided on vavada.com (referred to as “Website”) by VAVADA B.V., with company registration number 143168 and registered address at Hanchi Snoa 19, Trias Building, Curacao.
• These Sports Betting Policy is inseparably linked to the Terms & Condition on our Website, of which they form a part, and acceptance of these Sports Betting Rules is a prerequisite to account registration. Any capitalized terms used herein which are not defined shall take meaning from the Terms & Conditions.
• Client (Bettor): A registered user who participates in betting activities on the platform.
• Bet: An agreement between the Client and the Betting Platform where the Client wagers money on the outcome of an event.
• Line: A list of events offered by the Betting Platform, including their associated odds, on which Clients can place bets.
• Outcome: The final result of the event on which the Client has placed a bet.
• Winning Odds: The odds offered by the Betting Platform on the possible outcomes of an event. These odds are dynamic and may change based on various factors.
• Stake: The amount of money placed by the Client on a specific bet.
• Payout: The amount of money a Client receives from a winning bet, calculated by multiplying the stake by the winning odds.

2. General Terms

• Purpose: The primary function of the Betting Platform is to accept bets on a wide range of events, including sports competitions, entertainment events, and other significant occurrences (collectively referred to as “Events”).
• Client Responsibility: Clients are responsible for ensuring that their participation in sports betting is legal in their jurisdiction. For a list of prohibited jurisdictions, please refer to the Terms & Conditions on our website.
• Amendments: The Betting Platform reserves the right to amend these rules and conditions at any time without prior notice. Any amendments will apply to all subsequent bets, while the terms of previously placed bets will remain unchanged. Clients are encouraged to review the policy regularly.
• Account Security: Clients must ensure that their account details, including passwords, are kept secure and confidential. The Betting Platform is not responsible for any unauthorized access to a Client’s account resulting from the Client’s failure to safeguard their login credentials.
• Account Restrictions: Clients from certain jurisdictions (please refer to the Terms & Conditions on our Website) are strictly prohibited from using the Betting Platform. If such usage is detected, the Client’s account will be immediately closed, and any remaining funds may be forfeited.

3. Conditions for Accepting Bets

• Bet Placement: Bets can only be placed through the official website of the Betting Platform. All bets must be placed before the start of the event, except for live bets. Bets placed after an event has started will be void unless they are live bets.
• Bet Confirmation: Once a bet is placed, a confirmation message will appear on the Client’s screen. The bet is considered valid once it is recorded in the Client’s betting history.
• Bet Cashout and Cancellation: Once a bet is confirmed, it cannot be canceled or modified by the Client. However, the Client may choose to execute a cashout option, allowing them to withdraw a portion of the bet before it is settled. The cashout amount is dynamic and may be less than the original stake. This option does not constitute a cancellation but is considered a partial buyout of the stake. In the event of obvious errors, such as incorrect odds or event details, the Betting Platform reserves the right to void the bet and refund the original stake.
• Minimum and Maximum Stakes: The Betting Platform may set minimum and maximum stakes for each bet. These limits may vary depending on the event, the type of bet, and the Client’s betting history.
• Suspicious Betting Patterns: The Betting Platform monitors all bets for suspicious patterns. If a Client is suspected of engaging in fraudulent activities, such as match-fixing or collusion, the Platform reserves the right to void bets, freeze the account, and report the activity to relevant authorities.

4. Cash Out Option

• Cash Out: The Cash Out feature allows Clients to settle a bet before the outcome is known. The value of the Cash Out depends on the current odds and the progress of the event.
• Availability: Cash Out may not be available for all bets or at all times. The Betting Platform does not guarantee that the Cash Out option will be available at any given time. It may be suspended, particularly during live events, due to rapid changes in the market.
• Partial Cash Out: In some cases, Clients may be offered the option to partially Cash Out a portion of their bet while leaving the remaining stake to continue in the event.
• Final Settlement: Once a Cash Out request is processed, the bet is considered settled, and the result of the event will no longer affect the bet.

5. Winnings and Payouts

• Winning Settlement: Winnings are credited to the Client’s account immediately after the official results of the event are confirmed. The payout is based on the odds at the time the bet was placed.
• Payout Limits: The Betting Platform may impose maximum payout limits for specific events or bet types.
• Suspension of Payouts: The Betting Platform reserves the right to suspend payouts if there are reasonable grounds to suspect fraud, match-fixing, or other irregularities. If fraud is confirmed, the affected bets will be declared void, and no payouts will be made.