Terms & Conditions

TERMS AND CONDITIONS

  1. PURPOSE

1.1. The purpose of these Terms, Conditions and Rules is to govern the relationship between Somerset West Tattersalls CC t/a Vegas Bets (herein after referred to as “Vegas Bets”) and its customers, being any person who uses this website for any purpose whatsoever. Without detracting from the generality of the aforesaid, this includes detailing the conditions under which bets are accepted and placed, the requirements for having an account and any conditions that will be imposed on Vegas Bets and the Customers.

1.2. It is specifically recorded that it is the customer’s responsibility to fully acquaint themselves with these terms and conditions and that in engaging with this website in any manner or form, the consumers are deemed to have read these Terms and Conditions, that they understood and elected to accept same.

  1. ELIGIBILITY TO BET, HOLD AN ACCOUNT AND USE THIS WEBSITE

No customer may apply for an account, place a bet with Vegas Bets, engage with this website in any manner or enforce any debt arising out of a bet, unless that person –

2.1. Is a natural person with full capacity to contract;

2.2. Is at least 18 years of age;

2.3. has fully and truthfully completed an account application form;

2.4. has complied with all FICA requirements and has been accepted as an account holder by Vegas Bets in accordance with the conditions hereunder;

2.5. Is not listed on the register of excluded persons (as referred to in section 14 of the National Gambling Act, 2004)

2.6. Is not precluded from doing so in terms of any other law, act, rule, regulation and / or bylaw, and

2.7. Has fully complied with all the Terms and Conditions as set out herein.

  1. APPLICATION PROCESS AND ACCOUNT INFORMATION

3.1. A Customer wishing to open an Account with Vegas Bets shall complete the Player/customer Account application information posted on the Vegas Bets website, as may be amended from time to time.

3.2. The Customer must complete this Application fully and truthfully and any failure to do so shall be deemed a serious and material breach of these terms and conditions.

3.3. Vegas Bets reserves the right to –

3.3.1. accept an application for a new account;

3.3.2. decline an application for a new account for any reason whatsoever;

3.3.3. cease accepting bets from a Customer in its sole discretion for any reason whatsoever, which reason Vegas Bets shall not be obliged to furnish or disclose to the Customer or any other person;

3.3.4. Limit betting accounts to certain win amounts, in its sole discretion.

3.4. Vegas Bets shall decline an application for a new account if –

3.4.1. the account application form has not been completed in full or there is a serious omission, and/or

3.4.2. the information contained in the account application form is found to be incorrect, and/or any information required to be submitted in conjunction with the application form, or requested by Vegas Bets is not timeously submitted,

3.4.3. the application has not met FICA requirements, or

3.4.4. for such other reason as Vegas Bets for good cause deems fit.

3.5. The Customer shall be solely responsible for the safekeeping and proper use of all his/her account details and other information that will enable him/her to place a bet. The Customer undertakes that he/she shall –

3.5.1. not apply for, or hold more than one account with Vegas Bets. Should the customer hold more than one account, Vegas Bets reserve the right not to pay out any winnings to the customer and to close all accounts held by that customer;

3.5.2. not allow or enable any other person to place a bet, directly or indirectly, by making use of any such account information;

3.5.3. and Vegas Bets shall accordingly not be liable to honour any transaction pertaining to any account so held or applied for or to pay out any winnings in respect of any bet so placed as mentioned above. The Customer indemnifies Vegas Bets against any claims, losses or damages arising from such bets.

3.6. The Customer undertakes to notify Vegas Bets immediately in the event that the Customer’s account information is lost, stolen, or utilized by someone other than the Customer or the Customer has reason to believe that such situation may occur. The Customer shall be liable for all bets placed with Vegas Bets and any payments made by/to Vegas Bets in respect of any purchase and/or transaction concluded on the Customer’s account prior to such notice.

3.7. Any person who completes the Player Account application form warrants that he/she has read, understood and accepted these Terms and Conditions and all Rules relating to betting on sporting events or horseracing or any other lawful contingency, and which Rules are available on the Vega Bets website and/or may be requested.

3.8. Any person who completes the account application form warrants thereby that he/she has read, understood and accepted these Terms and Conditions and all Rules relating to betting on sporting events or horseracing or any other lawful contingency published on this Site from time to time and the Customer warrants that all information provided in the account application form completed by him/her is and shall remain true and correct. The Customer undertakes forthwith, and in writing, to advise Vegas Bets of any and all matters or changes in details that might have bearing on an approved application or the Customers’ creditworthiness, legal capacity or continued eligibility as a customer.

  1. THE FINANCIAL INTELLIGENCE CENTRE ACT

4.1. Vegas Bets is bound by the provisions of the Financial Intelligence Centre Act, Act 38 of 2001, as amended (“FICA”)

4.2. FICA regulations dictate that Vegas Bets must identify and validate customers of Vegas Bets and also customers who are not account holders and who place bets of a particular value with Vegas Bets. Accordingly you may be requested to provide documentary evidence of your identity and residence at any time by Vegas Bets, but by the latest at such time as you wish to withdraw funds from your account. More information regarding the FICA Act can be found at:

/www.acts.co.za/fica"">http://www.acts.co.za/fica.

4.3. Whenever you make an EFT or credit card payment to Vegas Bets for that amount to be credited onto your account, you warrant that such funds are paid from a bank account held in your name and that your FICA documentation supplied to the bank is true and correct.

4.4. Whenever you wish to deposit cash with Vegas Bets in order for same to be credited to your account, or if you wish to place a bet with cash, you will need to provide Vegas Bets with FICA documentation as may be required.

4.5. Payments to any customer will only be made into a bank account that is held in the name of that specific customer and you may be required to provide proof thereof. No 3rd party payments will be made and funds will never be transferred from one Vegas Bets account to another.

4.6. If you fail to comply with FICA requirements Vegas Bets is obliged to refuse to accept that bet from you.

4.7. Vegas Bets reserves the right to suspend any account that has not met FICA requirements.

  1. GOVERNING LAW / JURISDICTION/ FOREIGN EXCHANGE REGULATIONS

5.1. Vegas Bets is governed by the laws of the Republic of South Africa.

5.2. All transactions are in South African Rands.

5.3. Foreign Exchange Regulations in South Africa limit the extent to which Vegas Bets may offer its online betting service to non-residents. Bets are accepted, and payment of winnings can only be made in South African Rands into a South African bank account which is in the name of the customer.

5.4. Betting with Vegas Bets and access to the Vegas Bets website may not be legal for some persons in certain countries. Vegas Bets does not intend that the website should be used for betting or any other purpose in countries or jurisdictions where such activities are prohibited by law. It is the customer’s responsibility to understand and determine the law that applies to the jurisdiction in which he/she is present and Vegas Bets does not accept any responsibility under any law in any other jurisdiction.

  1. CONTINGENCIES ON WHICH BETTING IS OFFERED

6.1. Vegas Bets will, in its sole discretion, determine the market, events or contingencies on which betting would be offered by it.

6.2. Multiple Bets are not accepted where the outcome of one part of the bet contributes to the outcome of another. If a client inadvertently (or deliberately) backs a related contingency in a multiple bet, the bet will be voided and the stakes returned.

6.3. Any multiple made up of more than one selection from the same event, or the same team or its players, or the same selection, will be deemed as to be a related contingency.

6.4. Vegas Bets may from time to time determine a minimum or maximum amount that may be staked as a bet. It shall be the responsibility of the Customer to enquire before placing a bet on a market as to whether such maximum or minimum is applicable to that market and, if so, the extent thereof.

6.5. Vegas Bets may determine minimum or maximum amounts that a Customer may win or lose in respect of a bet, whether in general or in any given case. It shall be the responsibility of the Customer to enquire before placing a bet on a market as to whether such maximum or minimum is applicable to that market and the extent thereof.

  1. BANKING – DEPOSITS

7.1. The Customer acknowledges that his/her cash or credit card deposits will be held and applied as security for the discharge by the Customer of any amount which may become owing by the Customer to Vegas Bets.

7.2. The Customer may make or authorise cash deposits or credit card deposits into his/her Player Account at any time.

7.3. Cash deposits may be made by an electronic transfer of funds into Vegas Bets’ banking account or by depositing cash directly into the banking account of Vegas Bets. In such cases, the Customer is required to provide proof of transfer with the customer’s reference to Vegas Bets per email to accounts@vegasbets.co.za.

7.4. Vegas Bets may need to wait until the funds reflect in its account before any money is credited to the Customer’s account.

7.5. The banking account details of Vegas Bets are as follows:

Name of account holder: Somerset West Tattersalls cc Financial Institution: Standard Bank Account number: 072324805 Branch: Helderberg Branch Code: 033012

  1. PAYMENT OF WINNING BETS

8.1. Vegas Bets shall credit the Customer’s Account in respect of winnings and refunds to the Customer as soon as is reasonably possible.

8.2. In the event that funds are incorrectly credited to the Customer’s account, the Customer shall be obliged to notify Vegas Bets of the aforesaid error without delay.

8.3. Any bet placed with funds incorrectly credited to the customer, shall be void.

8.4. Vegas Bets shall be allowed to debit the customer’s account, with any amount incorrectly credited to such account, at any time after becoming aware of such incorrect credit.

8.5. The customer is not allowed to request a withdrawal of any amount that has been credited to his/her account. Any funds paid to the customer in accordance with an incorrect credit on that client’s account is done so without any legal basis and Vegas Bets may institute court proceedings against that customer.

  1. BANKING – WITHDRAWALS

9.1. If the Customer wishes to effect the withdrawal of any amount standing to the credit of his/her Player Account, the Customer shall request a withdrawal, by completing a withdrawal request form posted on the website of Vegas Bets or in such manner as Vegas Bets prescribe.

9.2. Upon receipt of a duly completed withdrawal request, in such manner as referred to above, Vegas Bets shall –

9.2.1. Perform such investigation to confirm that the amount requested by the Customer is available to be transferred from the Customer’s Player Account to the banking account nominated by the Customer, which nomination shall be required in writing;

9.2.2. If the requested amount is not available in the Customer’s Player Account, inform the Customer that the request has been declined;

9.2.3. In the event that the requested amount is available in the Customer’s Player Account, Vegas Bets shall immediately update the balance standing to the credit of the Player Account of the Customer and effect the electronic transfer of the requested amount from the Player Account of the Customer to the account nominated by the Customer within one business day after the day on which the availability of such funds is confirmed.

9.3. The Customer shall be solely responsible for ensuring the accuracy of the information supplied in any Withdrawal Form or any nomination or notice contemplated above. Vegas Bets shall accept no liability for the payment of any amount requested into any banking account based in whole or in part on incorrect information provided by the Customer.

9.4. Vegas Bets is only able to pay out to South African bank accounts held in the customer’s name, to Vegas Bets satisfaction.

9.5. No withdrawals or payments will be processed until FICA requirements have been met.

9.6. Vegas Bets may withhold payment of withdrawals requested by a Customer pending receipt of all money payable and/or due to Vegas Bets by such Customer.

9.7. The Minimum Withdrawal amount is R100.00 which may be either increased or reduced by Vegas Bets from time to time and in its own discretion.

9.8. The Customer acknowledges that any amount transferred into the Customer’s banking account by Vegas Bets may be subject to a clearance period before becoming available.

  1. RECOVERY OF AMOUNTS OWING

10.1. Vegas Bets reserves the right to recover amounts from Players in the following circumstances, but not limited hereto:

10.1.1. In the event of a debit balance in the Customer’s Player Account owing to the erroneous acceptance of a bet in excess of limit reflected on the Player’s Account;

10.1.2. where Vegas Bets has in error credited a Player’s Account through incorrect bet settlement and the Player has spent all or part of the incorrectly credited amount;

10.1.3. where Vegas Bets has in incorrectly allocated funds to a Player’s Account and the Player has spent all or part of the incorrectly allocated amount; or,

10.1.4. Where a Player places a bet in contravention with these Terms and Conditions, and such bet is subsequently adjusted with the effect that the Player has spent all or part of the adjusted balance resulting in a negative Account balance.

10.2. Vegas Bets may at its own discretion and from time to time determine the manner in which payments by the Customer to Vegas Bets shall be appropriated in respect of amounts owing by the Customer to Vegas Bets.

10.3. A certificate signed by any director, or accountant of Vegas Bets (whose appointment or authority need not be proved) stating the amount of the Customer’s indebtedness to Vegas Bets, shall be prima facie proof of such indebtedness.

10.4. Should any bets be placed with monies mistakenly credited to a Customer’s account, Vegas Bets reserves the right to void such bets and cannot be held liable for any losses sustained by the Customer.

10.5. Notwithstanding anything to the contrary herein contained, Vegas Bets shall be entitled to set-off any amount(s) due to Vegas Bets by the Customer against any funds standing to the credit of the Customer’s Player Account or to realize any security held by Vegas Bets and to use the proceeds towards payment of any amount due and payable by the Customer to Vegas Bets.

  1. SUSPENSION OR TERMINATION OF BETTING FACILITIES

11.1. Vegas Bets shall have the right, prior or post accepting bets, to temporarily suspend or permanently terminate, the furnishing of betting services to a Customer without providing any reason. Upon such suspension or termination any amounts owing by the Customer to Vegas Bets shall become payable immediately.

11.2. The Customer shall upon written notice to Vegas Bets be entitled to terminate his/her contractual relationship with Vegas Bets at any time after final conclusion of any betting transaction placed by the Customer and after payment by the Customer of all amounts owing by the Customer to Vegas Bets. Vegas Bets shall within a reasonable time after such termination, refund to the Customer the balance of any monies held by Vegas Bets on deposit for the Customer, after adjusting for losses, winnings and taxes.

11.3. Vegas Bets shall accept no further bets on account from a Customer in respect of whom the provision of services pursuant to these Rules has been terminated, unless and until a fresh Player Account application form has been submitted by the Customer and accepted by Vegas Bets.

11.4. Vegas Bets may make available or terminate betting offerings on any sports, events, markets and betting options at its sole discretion and reserves the right to make any changes without notice to the customer.

  1. PLACEMENT OF BETS

12.1. Vegas Bets may in its sole discretion elect whether to accept or to reject a bet requested by a Customer, or any part thereof.

12.2. The Customer shall place his/her bets via the internet, or if using the mobile betting platform, per telephone via the telephone number furnished by Vegas Bets from time to time or through such other electronic media as may be made available by Vegas Bets.

12.3. The Customer authorizes and consents to each telephone conversation or electronic communication relating to any bet placed being recorded by Vegas Bets in such manner as Vegas Bets deems fit and to such recordings being retained by Vegas Bets for such period as Vegas Bets may deem necessary. The Customer acknowledges that such recordings may be used by Vegas Bets for the investigation and resolution of disputes which may arise between itself and the Customer or for any other lawful purpose.

12.4. The Customer shall be responsible for ensuring that each bet is accurately placed and recorded by Vegas Bets.

12.5. The Customer shall be responsible for ensuring that he/she has full knowledge of the Rules applicable to the market within which the Customer proposes to place a bet.

12.6. The placement of a bet signifies the Customer’s acceptance of the Rules published or provided by Vegas Bets upon request, knowledge and understand of which rules is the responsibility of the Customer, and of these Terms and Conditions.

12.7. Bets shall be subject to such limits as are determined and displayed in these Terms and Conditions or as may be posted on the website of Vegas Bets from time to time. It is the responsibility of the Customer to establish the prevailing limits prior to betting on any contingency. Erroneously accepted bets which exceed the prevailing limits may be adjusted at the sole discretion of Vegas Bets.

12.8. While Vegas Bets will endeavour to ensure complete accuracy in relation to the announcement, publication and issue of prices, off-times (starting times of events) and results, it does not accept responsibility for any errors which may arise in this regard and reserves the right to correct any such errors in such manner as it may determine in its sole discretion. The Customer indemnifies and holds Vegas Bets harmless in respect of any losses, whether potential or actual and direct or indirect, which may be suffered in consequence of any such error.

12.9. Any bet accepted after the “off” or starting time of the event on which bet is placed (other than bets in-running) will be of no force or effect. Any bets taken on results already known at the time of the placement of such bets will be cancelled by Vegas Bets and the stake returned to the Customer.

  1. PAYMENT BY THE CUSTOMER

13.1. In the account application form, the Customer shall indicate that the Customer wishes to bet against –

13.1.1. a cash deposit placed with Vegas Bets by the Customer from time to time by way of an electronic funds transfer, or

13.1.2. an amount of cash to be drawn by Vegas Bets as a deposit from the Customer’s credit card account,

13.1.3. No cheques will be accepted as payment.

13.2. The Customer shall under no circumstances place a bet or attempt to place any bet the amount of which, calculated together with any other bets then outstanding, exceeds the Customer’s credit balance with Vegas Bets, or the net amount on deposit with Vegas Bets (after all adjustments in respect of taxes, winnings and losses up to the time of placing of the bet). It shall be the Customer’s responsibility before placing a bet to determine whether his/her credit balance or cash deposit, as the case may be, will be exceeded by placing a bet.

13.3. Acceptance by Vegas Bets of a bet over the credit or deposit limit, as the case may be, shall not constitute a waiver of its rights) to collect from the Customer all amounts (including losses) arising from such bet, or) to enforce the appropriate deposit limits at any later time.

13.4. Credit card deposits may only be made by the cardholder whose name is displayed on the credit card, which must match the name in which the Vegas Bets betting account is held.

13.5. Vegas Bets reserves the right to charge a 5% administration fee on amounts deposited by credit card.

13.6. No interest shall accrue on any deposits held by Vegas Bets.

  1. LIVE BETTING “IN-RUNNING”

14.1. "Live betting" is a form of betting in respect of which it is possible to bet during the course of a match or event on an ongoing basis, prior to the completion thereof. Vegas Bets does not accept any liability if it is not possible to place a bet or if the live score update is not correct at the time of placement of a bet by the Customer. It shall be the responsibility of the Customer at all times to be aware of the match and the events surrounding it such as the current score, its progression and how much time remains before the match is completed. Vegas Bets does not accept any liability for changes to the Live betting schedule or interruption of the Live betting service.

14.2. Vegas Bets may, in its sole discretion, from time to time offer the Customer the opportunity of placing bets during the course of a certain event (referred to as “bets in-running”). 14.3. The nature and extent of any markets offered by Vegas Bets will be determined from time to time at the sole discretion of Vegas Bets and it will be the Customer’s responsibility to enquire, before placing a bet, what each market means and the Rules applicable.

  1. CREDIT FACILITY

15.1. Vegas Bets, as a general rule, do not issue nor grant lines of credit to any customer.

15.2. Vegas Bets however reserves the right, at its discretion, to award any customer a line of credit at the request of that client, to a limit determined at the sole discretion of Vegas Bets.

15.3. In the event that Vegas Bets grants a line of credit to any client, Vegas Bets shall determine the exact terms of such line of credit and convey same to the client beforehand. Vegas Bets shall have the absolute discretion to determine the exact terms on which it is prepared to award the line of credit and no client shall in any way be entitled to dictate the terms of such credit facility. Vegas Bets is not obliged to provide credit to a client on the same terms as it has previously done, nor on the terms that has done so for another client.

15.4. Despite the above, any credit facility awarded to a client shall be subject to the following, unless Vegas Bets has expressly and in writing advised the client otherwise:

15.4.1. The credit shall, in its entirety, be repaid within 30 days after being awarded to the client.

15.4.2. Should the credit remain unsatisfied, the total outstanding amount shall accrue interest at 2% per month, compounded monthly in advance.

15.4.3. The entire outstanding amount shall immediately be repaid to Vegas Bets upon demand to do so.

15.5. Vegas Bets reserves the right to cancel any line of credit awarded to a client, without cause or reason, and claim immediate repayment of the outstanding balance.

15.6. Should a client fail to repay the outstanding amount within 30 days or upon demand, legal steps may be taken against such client for the recovery of the capital amount plus interest and costs on an attorney and own client scale.

  1. BETTING RULES

16.1. No bookmakers nor betting agents, employees, directors, partners or affiliates of any betting or bookmaking businesses are permitted to place any bets with Vegas Bets. Bets on events in which the bettor is participating in any manner, whether direct or indirect nor any person related to such person shall be allowed to place a bet on that specific event in which he/she is involves. In the case of violation of these regulations, Vegas Bets reserves the right to refuse payment of any winnings and already invested stakes as well as to cancel any bets.

16.2. No group of persons are allowed to knowingly place bets on a single sports event and any such bets shall be deemed void.

16.3. No person shall be allowed to place a bet that exceeds the balance of his/her account at the current sage.

16.4. The stake is determined exclusively by the customer and Vegas Bets accepts no responsibility for any errors in this regard. If the stake exceeds the balance of the client’s account, the stake shall be deemed to be the full balance of the client’s account at the time of placing the bet.

16.5. No bet may be placed on any even after the start of said event, with the exception of live betting. Any such bet shall be deemed to be void. 17. BETS FINALLY DETERMINED

A bet shall be finally determined, and in the case of a winning bet, shall be payable by Vegas Bets, when the outcome of the event or contingency in respect of which such bet was placed has become known. Any bet accepted or placed when the outcome of the event to which such bet relate has become known, shall be void.

  1. COLLECTION OF WINNING BETS

18.1. If any winning bet payable by Vegas Bets is not collected within a period of 90 days from the date on which the winnings fell due, such bet shall be payable at the discretion of Vegas Bets, provided that any tax payable in respect of such bet has been paid.

18.2. All winning bets in respect of horseracing are subject to taxes and levies imposed by the provincial government. Taxes and Levies shall be withheld by Vegas Bets and paid over on behalf of the Customer.

  1. RELATED BET

19.1. All related accumulator bets will be split into single bets with the total stake being equally divided among these single bets. All related accumulator bets will be treated in the same way whether they are winning or losing.

19.2. Related accumulator bets may need to be adjusted after the result or the bet has been processed and payout received by the Customer already. In this case an adjustment will need to be made on the customers Player Account to correct the payout in accordance with this clause. 19.3. The adjustment will be made as soon as Vegas Bets is made aware of the related bet either by the customer or its own investigation.

  1. CONFIDENTIALITY OF BETTING TRANSACTIONS

All betting transactions between Vegas Bets and a Customer or another bookmaker shall be strictly private and shall not be divulged to any third party other than – 20.1. An officer or an inspector appointed in terms of any applicable legislation,

20.2. A police official as defined in the Criminal Procedure Act, 1977 (Act 51 of 1977),

20.3. any other person specially authorised thereto in terms of any legislation,

20.4. Pursuant to the terms of an order of a competent court compelling such disclosure, or

20.5. With the consent of the Customer.

  1. VOID BETS

21.1. "Syndicate Betting" is prohibited by Vegas Bets, in relation to which Customers act together to place a series of bets on the same event or competition. Where there is evidence of Customers acting together in this manner, Vegas Bets reserves the right to void the relevant bets and/or to withhold payment of winnings pending the outcome of subsequent investigations.

21.2. An accumulator shall remain valid notwithstanding that any component or leg of such bet has been declared void. In the case of an invalid selection and subsequent scratching in a multiple bet, the selection shall be ignored and the stake shall run onto the other selection in the bet at the price indicated on the ticket issued. These calculations are to be done at “Full Accumulative Multiple” odds.

21.3. Vegas Bets reserves the right, at its own discretion, to declare a bet void, in whole or in part, make adjustment to the payout, if it is obvious that any of the following circumstances have occurred:

21.3.1. Bets have been offered, placed and/or accepted due to an Error;

21.3.2. where there is Syndicate Betting;

21.3.3. A result has been affected by criminal actions - directly or indirectly;

21.4. Bets can be voided regardless of whether the outcome of event has been finally determined.

21.5. In the case of a void bet the stake money shall be returned to the Customer. 21.6. In the case of a scratched selection in a single bet, the bet shall be void, except where the bet was an ante-post bet.

  1. REFUND POLICY

Money held in your Vegas Bets account may be refunded on request, subject to 24 hours’ notice to enable Vegas Bets to verify that all of these Terms and Conditions have been complied with.

  1. ACCEPTANCE OF BETS

23.1. Delivery Policy –

23.1.1. Bets are deemed to have been accepted as soon as they have been registered on Vegas Bets’ systems and a transaction has been processed against the Customer’s betting account, regardless of whether a confirmation message is received by the Customer.

23.1.2. Cash bets shall be deemed to have been concluded once Vegas Bets has issued a ticket to the Customer in exchange for monetary value.

23.1.3. A telebet shall be deemed to have been concluded once the telebet operator has telephonically confirmed that the bet has been placed and the transaction has been processed against the Player’s Account.

23.1.4. Bets placed in any other manner apart from what is outlined in these terms and Conditions, will not be accepted or processed.

23.2. Customers may not bet by any means not authorised by Vegas Bets. Vegas Bets reserves the right to cancel any bets found to have been placed by unauthorised means.

23.3. Vegas Bets is not obliged to accept any bet or any type of bet.

  1. ERROR

24.1. Vegas Bets exclusively reserves the right, to limit, reject and/or cancel any bets accepted and confirmed by Vegas Bets, and/or make adjustments on the pay-out where an Obvious Error has occurred.

24.2. Vegas Bets also reserves the right to, at its sole discretion, determine when a bet has been deemed to have been accepted in error.

24.3. Should there be an official correction of a price, which Vegas Bets may make at any stage at it’s sole and unfettered discretion, which had earlier been wrongly transmitted, all bets struck at that price shall be settled at the corrected price.

24.4. Should Vegas Bets misstate any odds of a bet to a Customer as a result of a system or computer malfunction, the bet or selection will be deemed to have taken place on the correct price/s which were available in the general market at the time the bet was struck.

  1. SETTLING

25.1. Vegas Bets shall pay out winning bets as follows:

25.1.1. In respect of horseracing, after the “all clear” has been given;

25.1.2. In respect of other sporting events or contingencies, once the medal ceremony, prize giving or podium presentation has been concluded; and

25.1.3. Subsequent disqualification, promotion of competitors, or any other change shall be irrelevant for the purposes of determining the betting result.

  1. CUSTOMER DATA PRIVACY POLICY

26.1. All information supplied is strictly confidential.

26.2. The Customer consents to checks being made against appropriate 3rd party databases to verify identity, personal details or credit card information, and any other information supplied by the Customer that Vegas Bets deems necessary to acquire independent verification. The parties with which Vegas Bets contracts for the verification of information may keep records of all data requests and data submitted to them by Vegas Bets.

26.3. All customer personal information is stored securely by Vegas Bets and will not be shared with third parties, other than information required to process third party checks and payments, which will be transmitted securely to Vegas Bets’ processors. The Customer acknowledges that Vegas Bets will be required to supply his/her personal details and transaction records to The Western Cape Gambling and Racing Board and any other statutory body that legally requests or requires access to such data. The Customer acknowledges that although every endeavour has been made to ensure customer data privacy, Vegas Bets makes no guarantees, and will to the best of our ability ensure that information supplied by a Customer is not made available to any third party except as required or permitted by law.

26.4. Vegas Bets may track and store information regarding Customers’ use of the website, including the IP address of the computer used to place bets.

  1. BREACH

27.1. Should the Customer breach any of these Rules and terms and conditions and fail to remedy such breach within 7 business days after receipt of written notice by Vegas Bets requiring the Customer to do so, Vegas Bets shall be entitled, without prejudice to any other rights it may have at law, forthwith to terminate its contractual relationship with the Customer and to terminate or suspend any bet placed by any such Customer, whether accepted or not, and/or to claim damages from the Customer. In such event –

27.2. All amounts owing by the Customer to Vegas Bets shall become payable immediately; and

27.3. Vegas Bets shall have a lien and right of retention over all monies of the Customer on deposit with Vegas Bets, pending settlement of such damages as may have been suffered by Vegas Bets.

27.4. Notwithstanding the generality of the aforegoing, the Customer shall be deemed to be in default if -

27.4.1. The Customer dies;

27.4.2. The Customer commits any act of insolvency;

27.4.3. The estate of the Customer is sequestrated;

27.4.4. The Customer endeavours to compromise generally with his/her creditors;

27.4.5. The Customer’s name is entered into the register of excluded persons contemplated in section 14 of the National Gambling Act, Act 7 of 2004.

27.5. The Customer shall be liable for any legal expenses on an attorney own client scale which Vegas Bets may incur in recovering any amounts owing in respect of the Customer’s account or a result of the Customer’s breach of any of the conditions of use or the enforcement by Vegas Bets of any of its rights against the Customer.

  1. LIMITATION OF LIABILITY

28.1. Vegas Bets makes no guarantees as to the availability of our website, markets or prices.

28.2. Vegas Bets will not entertain any claims, and, to the greatest extent possible in law, accepts no liability for losses sustained by a Customer’s inability to access Vegas Bets markets or website, due to malfunction, cancellation of accounts, inability to provide markets, suspension of services or otherwise.

28.3. To the greatest extent possible in law, the Customer indemnifies Vegas Bets against any harm caused due to inaccurate information obtained from our website or employees.

28.4. Notwithstanding anything to the contrary, under no circumstances shall the Parties be liable to one another hereunder for any indirect, incidental, special or consequential damages arising out of or in connection with this terms and conditions, loss of business, profits, revenue, loss or damage arising from loss, damage and/or corruption of any data.

28.5. To the greatest extent possible in law, the Customer indemnifies Vegas Bets against any loss caused by incorrect credits or debits to his account, including but not limited to, incorrect deposits or winning bet payouts. The Customer authorises Vegas Bets to debit any amounts which have been incorrectly credited (through error, negligence or otherwise) to the Customer account.

28.6. Vegas Bets shall not under any circumstances whatsoever be liable to the Customer if the Customer’s credit card company refuses to honour any claim lodged by Vegas Bets against the Customer’s credit card. No dispute of whatever nature between a Customer and the credit card company shall exempt the Customer from his liability to Vegas Bets in respect of payment and the Customer shall not be entitled to instruct Vegas Bets to reverse a payment instruction that has already been made to the Customer’s credit card company;

28.7. Vegas Bets shall not be responsible for –

28.7.1. Any failure, malfunction or delay of any electronic funds transfer unit or other credit card processing machine or its supporting or sharing network, resulting from circumstances beyond the control of Vegas Bets, or

28.7.2. Any damages, loss or expense which the Customer may suffer as a result thereof, and

28.7.3. Be liable for any loss or damage suffered by the Customer as a result of the unauthorized access to any data or as a result of incorrect information supplied through an electronic funds transfer unit or other credit card processing machine or its supporting or sharing network.

28.8. The liability of Vegas Bets to the Customer for any damages sustained by the Customer from any cause whatsoever including any damages arising out of the negligence of Vegas Bets or that of its servants, agents or sub-contractors, shall in any event and under all circumstances be limited –

28.8.1. In the event of damages relating to a bet, to the amount staked by the Customer in respect of such bet; or

28.8.2. In respect of the account of the Customer with Vegas Bets, to the credit balance of such account at the time during which the damages are alleged to have occurred, after full adjustment for winnings, losses and taxes.

28.9. To the greatest extent possible in law Vegas Bets shall not be liable for any loss of profits, winnings or potential profits or winnings or any indirect or consequential damages sustained by the Customer, whether or not caused by the negligence of Vegas Bets , its agents or employees.

28.10. Insofar as any of the obligations of Vegas Bets under these Rules/terms is/are carried out by any its servants, agents, sub-contractors, associates or subsidiaries, the provisions of these Rules/terms shall apply mutatis mutandis and each of them shall be exempted accordingly.

28.11. Any acts of God, war, strike, lock-out or other labour dispute, fire, flood, explosion, the enactment, amendment or repeal of legislation, failure of electricity or any other supplies, failure of telecommunications, failure, theft or default of any computer hardware or software or any other equipment or any other similar or different cause beyond the reasonable control of Vegas Bets leading to the cessation and/or restriction of the operations of Vegas Bets , shall entitle Vegas Bets to postpone its obligations to the Customer in whole or in part, and in such event Vegas Bets shall not be responsible for any damages of any nature suffered by the Customer, whether directly or indirectly, as a result thereof and the Customer shall not be entitled to terminate its contractual relationship with Vegas Bets as a result of any such occurrence.

28.12. The Customer also specifically indemnifies Vegas Bets, its employees, officers, directors and any and all associated or affiliated persons or organisations against any and all costs, expenses, liabilities and damages arising from any legal or other action either taken by You or against him/her arising from any and all interactions with Vegas Bets and/or its employees, officers, directors and any and all associated or affiliated persons or organisations. Such legal or other action shall include (but not be limited to) any legal or other action that arises as a result of the illegality of online gambling or gaming within Your legal jurisdiction.

  1. DISCLOSURE OF INFORMATION

29.1. The Customer acknowledges that Vegas Bets may be legally required to, and in such cases shall, disclose to any governmental bodies or regulatory agencies, information pertaining to the identity and personal particulars of the Customer, the Player Account of the Customer and the activity on such account.

29.2. Vegas Bets is entitled to supply any relevant credit information pertaining to the Customer and his account with Vegas Bets to a credit bureau should Vegas Bets deem it necessary to supply said information, and the Customer shall have no right of recourse against Vegas Bets by reason thereof.

  1. DOMICILE OF PARTIES

30.1. The residential address furnished by the Customer on the Player Account application form shall serve as his/her domicilium citandi et executandi for all purposes in respect of these Terms and Conditions.

30.2. The physical address reflected in respect of Vegas Bets on its website, as amended from time to time, shall serve as its domicilium citandi et executandi for all purposes in respect of these Terms and Conditions.

30.3. The Customer shall have the right to change its domicile by giving one week’s prior written notice to Vegas Bets of its change of address.

  1. DISPUTES

31.1. In the event that a dispute arises between a Customer and Vegas Bets in relation to the liability of Vegas Bets to pay alleged winnings to the Customer, and that dispute cannot be resolved between the parties, the dispute may be referred to the Western Cape Gambling and Racing Board (“the Board”) for resolution.

31.2. Vegas Bets will inform the Customer that the dispute will be referred to the Board, and shall refer such dispute to the Board within forty-eight (48) hours of having so informed the Customer.

31.3. The Customer may however, of his or her own volition, refer a patron dispute to the Board for resolution.

31.4. The Board shall conduct an investigation into the matter and shall thereafter resolve the dispute and communicate the outcome to the parties.

31.5. If either Vegas Bets or the Customer is not satisfied with the resolution of the Board, such party may file a petition with the Board to hold a hearing to reconsider the resolution.

31.6. The Board shall hold such a hearing and shall determine whether the original resolution of the dispute should be confirmed, set aside or amended in any way.

31.7. The discretionary option to refer a dispute to the Board shall in no way limit or substitute either parties right whatever he/she may have through any other means of law.

31.8. The parties hereby consent to the jurisdiction of the Magistrate’s Court in terms of Section 45 of the Magistrate’s Court Act of 1994 (or any similar act replacing the act) for the purposes of any proceedings in terms of or incidental to this Agreement, provided that any parties, at its option, shall have the right to institute proceedings in any division of the High court having jurisdiction and any costs incurred by the successful party to such proceedings shall be faxed accordingly to the tariff scale applicable to the High Court.

  1. BETTING AND PAYOUT LIMITATIONS

32.1. Vegas Bets reserves the right to limit the net payout (the payout after the stake has been deducted) on any bet or combination of bets by one Customer. This limit may be lower depending on the specific sport, league and type of bet offer.

32.2. The following pay-out limits apply:

32.2.1. Pick Six R200 000.00

32.2.2. Place Accumulator R100 000.00

32.2.3. Jackpot R100 000.00

32.2.4. Pick 3 R30 000.00

32.2.5. Quartet R30 000.00

32.2.6. Trifecta R30 000.00

32.2.7. Exacta R30 000.00

32.2.8. Swinger R30 000.00

32.2.9. Bi Pot R30 000.00

32.2.10. Fixed odds betting R100 000.00

32.2.11. Betgames R20 000.00

32.2.12. Daily Limit per Customer R200 000.00

32.2.13. Limits are paid proportionally to the stake, i.e. 20% Pick 6 = 20% of our limit, the maximum payout capped at the payout limit.

32.2.14. Exotic Bet limits apply per centre regardless of the amount of the tickets.

32.2.15. Field Bet limits apply per race/event regardless of the amount of the tickets or combinations.

32.2.16. No payout can be greater than the Saftote Pool. All bets with the exceptions stipulated shall be a R1 unit. Where dividends are declared to a different unit, then the dividend shall be adjusted to pay to a R1 unit.

32.3. Notwithstanding the above, it is at all times the Customers responsibility to ensure that they understand and are up to date with the latest Pay-out limits.

  1. All bet selections are subject to pre-imposed limits set solely at Vegas Bets discretion. Should this limit be reached, the Customer has the right to ask for such to be exceeded by means of a request effected through Vegas Bets platform(s). Vegas Bets reserves the right to accept (fully or partially) or to reject the said request without prior notice and/or further explanation.

33.1. All bets placed through any Vegas Bets platform, also including bets requesting manual approval, may be subject to a time delay prior to acceptance, the length of which may vary.

33.2. Vegas Bets reserves the right to withhold payment and/or to declare bets void on an event (or series of events), if there is sufficient evidence that any of the following has occurred:

33.2.1. The integrity of the event has been called into question;

33.2.2. The price(s) or pool have been manipulated;

33.2.3. Match-rigging has taken place, or the match is under investigation for such.

33.3. Evidence of the above may be based on the size, volume or pattern of bets placed with Vegas Bets across any or all of its betting channels, as well as information received from other betting providers or officially recognized organizations.

33.4. All odds offered are subject to variation. Such fluctuation is determined solely at Vegas Bets discretion. Bets are accepted only at the odds available, as displayed on the betting screen at the time the bet was accepted by Vegas Bets, irrespective of any other claim or previous publication present on the website or any other media detailing otherwise.

33.5. These Terms constitute the whole agreement between Vegas Bets and the Customer and no agreements, representations or warranties, other than those set out herein, shall be of any force or effect.

33.6. No addition to, variation, consensual cancellation or novation of any of the terms set forth herein and no express or implied waiver of any of the rights arising therefrom shall be of any force and effect unless reduced to writing and signed by Vegas Bets and the Customer or their duly authorised representatives.

33.7. No indulgence granted by Vegas Bets to the Customer in regard to the enforcement of its rights under these Terms shall be construed as a waiver of such rights (unless expressly provided for as such in a written document signed by the indulgent Party) nor shall it prevent Vegas Bets from strictly enforcing its rights in the event of a subsequent breach thereof.

33.8. No failure by Vegas Bets to enforce any provision of these Terms shall constitute a waiver of such provision or affect in any way Vegas Bets right to require performance in terms of such provision at any time in the future, nor shall any waiver of any breach of a provision nullify the effectiveness of that provision.

  1. GENERAL

34.1. These Terms and Conditions may be amended from time to time, as a result of changing operational, legislative or regulatory requirements. It is the Customer’s responsibility to ensure that he/she is aware of all amendments thereto, which will be posted on the Vegas Bets website as and when they occur, and if not is the customer’s responsibility that he/she is aware of the latest terms and conditions.

34.2. These Terms and Conditions may however not be amended verbally, nor is any Vegas Bets employee authorised to amend the Terms and Conditions in any way whatsoever.

34.3. Any amendment to the Terms and Conditions will only be valid / enforceable if reduced to writing by Vegas Bets and supplied to a specific customer/s. For purposes hereof, “supplying” shall include the publication of these Terms and Conditions on the website of Vegas Bets.

34.4. These terms and conditions are governed by and must be construed in accordance with the laws of the Republic of South Africa. You agree to submit to the non-exclusive jurisdiction of the Courts of South Africa, in respect of all matters arising from these terms and conditions, their enforcement, breach and/or termination.

34.5. If an account remains unused for consecutive period of one calendar year the account will be deemed to have become inactive. For purposes hereof, using an account is defined as placing a wager or bet on any event or game with. Once an account is deemed to be inactive, the balance of said account is forfeited to Vegas Bets and Vegas will be entitled close the account without notice.

34.6. Vegas Bets further reserves the right to close a customer’s account in the event that he/she is found to be engaging in unfair activity, which includes placing bets at blatantly incorrect prices. In the event of Your deliberately placing bets on incorrect prices, the Customer’s funds will be returned and the relevant account will be closed.  

34.7. You further and specifically indemnify and hold harmless Vegas Bets, its employees, officers, directors and any and all associated or affiliated persons or organizations against any and all costs, expenses, liabilities and damages arising from any legal or other action either taken by You or against You arising from any and all interactions with Vegas Bets and/or its employees, officers, directors and any and all associated or affiliated persons or organizations. Such legal or other action shall include (but not be limited to) any legal or other action that arises as a result of the illegality of online gambling or gaming within Your legal jurisdiction. v4