Interbet Mobile

DISCLAIMER

This is the InterBet.mobi website ("this website") operated by InterBet International (Pty) Ltd 2000/011570/07 Unit 16, Roeland Square. Roeland Street, Cape Town, 8001 Phone +27 21 4657340 ("Interbet").

Interbet is the holder of both a bookmaker and manufacturer license as issued by the Western Cape Gambling and Racing Board.

It is illegal to place bets via the Internet in some jurisdictions. Interbet does not warrant that the laws applying to the location where you place a bet permit you to place that bet via this website.

You may not open an account, activate an interbet account or place a bet on this website unless you are 18 years of age or older. Minors may not under any circumstances use this website.

When you open an account on this website and every time you place a bet on this website you warrant that:

You are 18 years of age or older
Your use of this website and the placing of bets on this website is restricted to jurisdictions where such is not prohibited by law
CUSTOMERS FROM THE USA ARE EXPRESSLY PROHIBITED

TERMS AND CONDITIONS

In order to avail yourself of the services offered by Interbet you must complete the online registration process. It is the responsibility of every client to ensure that he/she complies with all applicable laws, regulations and rules with regards to gambling or otherwise.

Furthermore, clients must make themselves aware of all the rules and regulations affecting any event on which they wish to place a bet. Interbet reserves the right to amend these rules, regulations, terms and conditions at any time. Any such revision will be binding and effective immediately.

By clicking on the 'accept' button after entering your username and password you are indicating that you agree and warrant that you have read and understood these rules, regulations, terms and conditions and that you further agree to abide such and to be bound thereby.

If you do not agree to each and every term of this agreement, click the 'decline' button.

Interbet reserves the right to refuse any application without any further correspondence or giving any reason therefor. If there is any change regarding your personal details, you must inform us as soon as possible.

Interbet Data Free Terms and Conditions:

The Patron acknowledges that he/she has been given an appropriate opportunity to first read these Terms and Conditions and that he/she understands and accepts these Terms and Conditions.

A valid Interbet account is required to make use of the Data Free offering.

The Data Free offering is only open to persons who are natural persons, 18 years or older, and either South African citizens or permanently reside in South Africa.

The Data Free offering is only available on sport (pre-match), horse racing (fixed odds and tote), soccer tote and numbers.

The Data Free offering is only available on the following mobile South African Networks: MTN, Vodacom, Cell C and Telkom.

Deposits may be made from the Data Free site. However, credit and debit card deposits will redirect players to a site that requires data.

Patrons will require a positive data balance to access the Interbet website or .mobi site before proceeding to Interbet’s Data free platform.

Interbet reserves the right to change, amend, edit, postpone or cancel the Data Free platform and all associated features or offerings, including the Data Free terms and conditions at any time and without notice.

All Patrons participate entirely at their own risk. By reading these Terms and Conditions the Patron gives consent to these risks and hereby indemnifies and holds harmless the Service Provider, their directors, employees and agents of any and all liability pertaining to any damage, cost, injuries, and losses of whatever nature sustained as a result of their participation on the Data Free platform and related events and activities, save where such damage, cost, injuries or losses are sustained as a result of gross negligence or wilful misconduct of any of the service provider.

The Service Provider, their directors, employees, agents and distributors, are not responsible for any misrepresentation (whether written or verbal) in respect of any reward nor in respect of any warranties or undertakings given by any person other than the Service Provider themselves. Should you require any clarification or advice regarding these Terms, please contact Customer Support. In the event of a dispute customers are encouraged to contact Interbet directly via Customer Support.

Standard participation requirements and terms and conditions apply.

The following individuals are not eligible to make use of the Data Free offering:

People who are not legal residents and/or legal citizens of South Africa
Persons under the age of 18
Self-excluded individuals

H.O.T (HIGHEST ODDS TRADED) BET:

The H.O.T bet is a feature that allows you to place a bet on any horse in in an activated venue and if your horse shortens or drift after you have placed your H.O.T bet, you will receive the Highest Odds Traded (H.O.T) on that horse up to 20/1.

The reward of an H.O.T bet will only apply to a bet that has been placed using the H.O.T button on the betslip. You must click this button to activate the H.O.T bet and then click "BET NOW".

The H.O.T bet is only activated on specific races and venues. Look for the H.O.T activated sign.

Only one H.O.T bet will apply per race on which the feature is activated.

Placing an H.O.T bet can only be done through www.interbet.co.za and is not available on interbet.mobi or the exchange.

Your selection is final. An H.O.T bet cannot be cancelled. Please check that your bet is correct before placing it.

The maximum stake for an H.O.T bet is R500.

The maximum win from an H.O.T bet is R10,000.

The H.O.T price will be derived from trade on Interbet's exchange platform 2 hours prior to the carded race time with maximum odds of 20/1.

The highest odds will be determined by the volume traded on the horse. The odds must be traded at a volume of R10,000 or more for it to be deemed the Highest Odds Traded.

If the H.O.T cannot be derived from the volume traded or tote odds, a bookmaker stretched odds will be determined from the closing S.P (Starting price) and shall not exceed 20/1.

Scratchings with deductions and dead heat rules apply.

Players designated by Interbet as expert or professional are excluded from this promotion.

BONUS BET GENERAL TERMS AND CONDITIONS

The Bonus Bet is a risk-free bet on any fixed odds, pre-match, single bet available at Interbet to customers who hold an account with Interbet.

A bonus bet is made using funds in the bonus bet balance. The bonus bet balance is separate from a cash balance and any funds in the bonus bet balance cannot be withdrawn.

The bonus bet balance will increase as deposit match bonuses are added to it. For example, If the offer is a 100% match on a deposit up to R1,000, once an account holder has met the requirements to receive this bonus, they will receive a match bonus of R1,000 only, which will be added to their account.

The requirements to receive the match bonus is that an account holder must wager the entire amount of the qualifying deposit that is made before the match bonus is added to the account. If the total amount of the deposit is not wagered within the stipulated time for a specific promotion, the match bonus will not be added to the account.

The bonus will only be added up to the maximum amount stipulated. In the event that a qualifying deposit is in excess of the maximum deposit amount allowed for an offer, the match bonus will not be added to the total amount of that deposit but rather to part of the deposit that qualifies for the match bonus. For example, if the offer is a 100% match on a deposit up to R1,000 and an account holder deposits R2,000, they will only receive a match bonus on the R1,000 that qualified for the promotion and once the requirements are met, R1,000 will be added to their account.

The match bonus will be added to the account automatically within 5 minutes once the deposit and bet requirements, as explained in points 3 and 4 above, are met.

An account holder will have 30 days to use the match bonus from the date that it is added to an account. After this time, it will expire and be removed from the account.

The Bonus Bet balance is capped at a maximum of R5000. This is the maximum amount that is allowed to accumulate in an account. If there are active promotions running and you make a qualifying deposit but your bonus bet balance has reached the maximum of R5000, no further bonus can be added to your account.

If the bet that is placed with funds from a bonus bet balance is a winning bet, only the win amount will be paid. The stake that originated from a bonus is lost and it is excluded from the win amount.

The account holder can only place one bet per event using a bonus bet. For example, if your bet on the bonus ball in a lotto event is “Bonus Ball High” you will not be able to use a bonus bet to bet on “Bonus Ball Low” in the same event.

The bonus balance and bonus bet feature is only available on https://www.interbet.co.za and is not available through the Interbet exchange or on interbet.mobi.

The bonus bet cannot be used on tote, live betting or Interbet Exchange betting. The bonus bet may only be used on single, fixed odds bets under Horse racing, Numbers, Sport and Soccer Zone.

A withdrawal will lead to any amount in the bonus bet balance being forfeited. This means that if a withdrawal is made while there are any funds in the bonus bet balance, that bonus bet balance will be lost. For example, if you have R100 in your cash balance and R100 in your bonus bet balance and you decide to make a withdrawal, the R100 in your bonus bet balance will be removed from your account at the time that you confirm the withdrawal. It is best to use any funds in your bonus bet balance first, before making a withdrawal.

The Bonus Bet is only available to leisure punters. Bookmakers and professional punters are excluded. Professional punters will be deemed so at the discretion of management.

Loyalty points are not earned on bonus bets.

REFUND POLICY

This refund policy relates to the refunding of bets matched by the system.

Insofar as clients wishing to withdraw credit balances not subject to any ongoing dispute from their accounts, Interbet will deposit such funds directly into the client's bank account.

Upon registration all clients will be provided with a username and password, which will be required to place bets on the system.

All transactions conducted on the system under the username and password of the client shall be deemed to have been conducted by the client.

A bet shall only be regarded as being processed when recorded on the audit trail. The audit trail can be cross-referenced by a unique digital signature (ticket number) that will be issued to the client by Interbet in respect of each transaction processed by Interbet.

Notwithstanding the contents of the audit trail, tickets generated and the matched bets report which normally deem proof of the transaction, Interbet reserves the right, at their discretion, to correct any obvious errors and to take any necessary steps to protect the interests of all Interbet clients.

For example, if an event fails to be closed for betting at the correct time, Interbet reserves the right to void all bets matched after the actual start time. Clients however, may not cancel matched bets.

Payments/Settlement of bets

All winnings will be credited to the customer account. Any funds/winnings credited to an account in error are not available for use, and Interbet reserves the right to void any transactions involving such funds, either at the time or retrospectively.

Credit

No credit will be offered by any employee of Interbet, unless provision has been made by the bookmaker and all bets must be supported by sufficient funds in the customer account. Interbet reserves the right to void any bet which may have inadvertently been accepted when the account did not have sufficient funds to cover the bet. Should funds be credited to a customer's account in error it is the customer's responsibility to inform Interbet without delay. Interbet will recover such funds by account adjustment.

ACCOUNT FUNDING

All transactions take place in South African Rands.

For EFTs, Bank Deposits and ATM deposits you are required to use your Interbet username as a reference. In the event that you supply the incorrect username as a reference and as a result the amount deposited is added to the incorrect player account at Interbet, Interbet will not be held liable for any loss you incur.

To deposit funds into your account you may make use of the following options:

Internet transfer (EFT) direct to Interbet banking account
VISA and Mastercard credit card deposit
Send a cheque
Bank deposit
Voucher Payments

You can fund your Interbet account with OTT Voucher or 1ForYou Voucher. Both deposit options have a max daily deposit limit of R3000.

1. Internet Transfer

Open your STANDARD BANK, ABSA BANK, NEDBANK or FIRST NATIONAL BANK internet banking website.
Create a beneficiary in the name of Interbet Legends Bet using the banking details as detailed below.
To facilitate easy identification, please use your Interbet username as a reference.

NEDBANK

Account name: Interbet Public

Account number: 1232122904

Branch: Business Southern Peninsula

Branch code: 123209

Reference: Please use your Interbet username

Once you have captured the transaction, please fax the confirmation slip to (021) 4616414 or email to [email protected].

2. Credit Cards

We accept VISA card and Mastercard. Internet credit card transactions are "Verified by VISA" and "Mastercard Securecode" protected.

Because Interbet clients benefit from the opportunity to bet at more favourable odds than available at most other Internet betting sites we do have to pass on some of the costs associated with credit card deposits to you.

These charges will be displayed in your account when viewing your account details.

3. Send Cheque

Send a cheque in favour of Interbet Legends Bet to Unit 16, Roeland Square, Roeland Street, Cape Town, 8001.

Please display clearly your name, username and contact number on the back.

As soon as the funds have been cleared we will reflect the credit against your account thereafter you can start betting.

4. Bank Deposit

Visit your nearest Nedbank branch and deposit as follows:

NEDBANK Account name: Interbet Public

Account number: 1232122904

Branch: Business Southern Peninsula

Branch code: 123209

Reference: Please use your Interbet username

Once you have captured the transaction, please fax the confirmation slip to (021) 4616414 or email to [email protected].

Third party credit cards, cheques and bank transfers will not be accepted.

5. Voucher Payments

You can fund your Interbet account with OTT Voucher or 1ForYou Voucher. Both deposit options have a max daily deposit limit of R3000.

FICA REQUIREMENTS

FICA regulations dictate that Interbet must identify and validate all customers who open an account with Interbet.

Accordingly you will be requested to provide documentary evidence of your identity and residence before you can place a bet with Interbet.

More information regarding the FICA Act can be found at www.acts.co.za/fica or www.fic.gov.za.If you fail to comply with FICA requirements Interbet is obliged to refuse to accept that bet from you.

A customer needs to provide the following documents to [email protected] in order to maintain the relationship:

A certified copy of your ID and contact details
A copy of your utility bill not older than 3 months, as proof of residence.
A copy of a bank statement, not older than 3months.
Under no circumstances will payments be made into a third party account.

ACCOUNT WITHDRAWALS

To withdraw all or part of your funds select the ‘withdrawal’ option from your account.

The minimum withdrawal amount is R100.

If you have not supplied your account details, you will be prompted to do so.

If you have supplied your bank account details you will be prompted to confirm or update. Payments should reflect in your account within 2 to 3 days.

In line with FICA anti money laundering requirements please take note of the following:

Payments of credit balances will be only made upon request into the same account from which we received your deposit.
A copy of your ID and a utility bill of no older than 2 months as proof of address is required and must be faxed to (021) 461 6414 or via email to [email protected].
Payments will not be made to third parties

Promotional vouchers and free bets are offered for the purpose of betting only. These offers do not apply to existing or former account holders and apply to one registration per household.

Only winnings from free bets may be withdrawn as cash from your account.

A verification deposit will have to be made and wagered at least once through before a withdrawal originating from a no deposit bonus will be paid to you.

You will need to rollover the voucher or credit given 3 times prior to making a withdrawal.

Any bets placed containing selections at odds of less than 8/10 (1.80) will not count towards any rollover requirement.

If Interbet suspects that match fixing has occurred, Interbet reserves the right to withhold all funds on affected accounts and supply all account information to the relevant authorities and/ or refund the relevant bet.

Any win on live dealer games that is more than R1,000,000 will be paid in withdrawal amounts not exceeding R1,000,000 per customer, per week.

TELEPHONE BETTING

The telephone betting service is intended for exceptional circumstances when an Interbet customer cannot access the Internet or cell phone betting service.

This service is only available during regular office hours.

Interbet does not guarantee that bets requested by customers telephonically will be satisfied.

The minimum stake for bets placed telephonically is R100.

All telephone calls will be recorded.

The Interbet telephone operator will call your bets back to you. Please listen carefully as this constitutes the final transaction confirmation – both in the case of confirmed bets and bets on request.

For your own protection do not divulge your pin to any person other than the authorized Interbet staff.

Interbet recommends that customers change their PINs on a regular basis for further protection and security.

To activate your telephone betting account you must log on,click on ‘my profile’ and select a 4 digit PIN.

Telephone betting number 0861 150 160.

DISPUTE RESOLUTION

In the event of a dispute arising between the parties hereto, including but not limited to disputes as to whether a particular trade has been matched or not, then the parties hereby agree that such dispute be settled by way of arbitration.

The parties further hereby agree that the forum for such arbitration shall be the offices of the Western Cape Gambling and Racing Board situate Seafare House, 68 Orange Street, Cape Town 8001, South Africa.

The parties further hereby agree that the Arbitrator shall be the Manager for Horse Racing and Betting of the Western Cape Gambling and Racing Board or his nominee and that the decision of the arbitrator shall be final and binding on the parties.

Where such dispute originates in another Province the Manager may, at his discretion refer said dispute to the relevant Provincial Licensing Authority.

Should a dispute be referred to arbitration, then Interbet shall not suspend the disputing client's ability to trade on the system pending the outcome of the arbitration. In such event however, the client shall only be entitled to trade on the system to a maximum potential liability equal to the difference between the amount of any trade/s which form the subject of a dispute and the value of the funds deposited by the disputing client with Interbet.

PRIVACY POLICY

Please click the following link to read our Privacy Policy

Marketing communication and opting out:

By clicking register when creating an account, you consent to us contacting you through any and all means of communication (in written or verbal form and including, but non limited to e-mail, telephone and SMS) in respect of matters relating to your account.

To unsubscribe from email communication, please use the "Unsubscribe" link at the bottom of any informational or marketing email that we send to you. To opt out of SMS messaging, please SMS STOP to a message received from Interbet. Alternatively, you can send an email to [email protected] requesting your removal from our email/SMS sending list.

INFORMATION SUPPLIED

All information supplied on this website is done so in good faith. However, Interbet does not warrant that all and any information is true and correct and shall not be liable for any errors or omissions in any information, including but not limited to the posting of process, runners, times or general statistics.

COLLECTION OF INFORMATION

During the registration process; when you use your account; and when you request a withdrawal from your account, specific personal data ("Personal Data") is collected including, but not limited to: government-issued ID number, Password, phone/mobile number, first and last name, date of birth, credit card data, home or another physical address, e-mail address, or other contact data.

In addition, we may collect and log a record of all telephone calls, internet communications, details of transactions you carry through the site and details of your visits to the site. Any personal data received is processed in accordance with your rights, obtained only for a specific and lawful purpose, kept in a secure manner, and is utilized for marketing purposes based on the opt-out principle. Please note that all correspondence and telephone calls may be recorded for training purposes.

DISCLOSURE OF INFORMATION

We will authorise the financial institution which you used when requesting a withdrawal, to provide information about you should this be requested by the local Gambling Commission or FIC in relation to your transactions or gaming. We will disclose personal data when ordered to do so by any governing authority and/or under any legal provision contained in the governing law. We will also disclose information as required to enforce our Terms and Conditions.

For fraud detection and control purposes, you agree that we retain the right to transfer your personal data to third parties, including so-called AVS service providers and other partners, should the need arise. Furthermore, we reserve the right to disclose personal data to relevant recipients where we have reasonable grounds to suspect irregularities that involve an account.

EXCLUSION OF LIABILITY AND INDEMNITY

Interbet shall not be held liable for any losses howsoever incurred, including whether or not such loss arose due to the failure of equipment or software owned by the client, or by Interbet operator failure, or the malfunction of the system in any way, or any other cause whatsoever.

Interbet shall also not be held liable for any losses incurred due to the inability of the client to access the system.

Interbet, the owners and operators of this website and any associates shall not be held liable for any loss of any nature whatsoever and howsoever arising that may be incurred, directly or indirectly, from:

The access, use or reuse of and/or participation on this website and/or the services provided thereon;
The access, use or reuse of the server and/or of any of the software of Interbet or that of its agent,
Any bet placed or other transaction engaged in by any user of this website,
The inability to access and/or use the website,
Reliance being placed on information supplied on this website and/or
Any breach of warranty by Interbet.

Including but not limited to loss that has arisen from the failure of equipment or software owned by the client, or by Interbet operator failure, or the malfunction of the system in any way, or any other cause whatsoever.

The client hereby agrees to indemnify Interbet, the owner and operator of this website and any of their respective employees, officers, directors and any and all associated or affiliated persons, associates or organizations and hold them harmless against all and any claims, liabilities, damages, costs and expenses of any nature whatsoever, that may be made against any of them arising, directly or indirectly from: -

Any of the causes referred to in the preceding paragraph
The client breaching any of the warranties given by the client in these terms and conditions
Any legal action taken by or against the client of any nature whatsoever, including but not limited to that arising from the criminalization of internet betting within the user's jurisdiction.

FRAUDULENT ACTIVITY

In the event that Interbet suspects fraudulent activity in relation to any account or bet, Interbet reserves the right to suspend the account and the processing of any and all transactions on that account until Interbet International is satisfied that the transactions concerned are lawful. Interbet International will report any fraudulent activities to the relevant authority. Persons attempting fraud may be prosecuted and any bets fraudulently placed with Interbet will be void.

1.1 Right to Refuse/Limit Bets

Interbet is not obliged to accept any bet or type of bet. Accordingly, Interbet reserves the right to refuse the whole or part of any bet without offering any explanation. You acknowledge, agree and confirm that all betting transactions with Interbet shall be subject to the market win limits and the daily overall win limit:

1.1.1 You undertake not to submit any betting transaction offer which exceeds the win limits
1.1.2 You acknowledge that it is possible that the computer software, for whatsoever reason, of Interbet and/or the conduct/misconduct of its team members may result in Interbet accepting your betting transaction offer (notwithstanding your undertaking indicated in 2.1.1) and notwithstanding that such offer exceeds the win limit impositions
1.1.3 You agree that should you breach the undertaking indicated in 1.1.1 and should Interbet accept such offer from you, then, in such event, Interbet, in its sole discretion, shall be entitled at any time (before, during and/or after the event) to void or cancel the betting transaction, alternatively shall be entitled to reduce the betting transaction win limit amount so as to bring it within the maximum win limit amount

1.2 Right to Refuse/Limit Bets

1.2.1 Interbet recognizes that whilst it takes all possible steps to prevent errors during the course of betting transactions, errors may arise as a result of, inter alia, computer hardware and or computer software or human errors. Such errors may include the failure of the computer system to reject certain betting transactions e.g. related bets or betting transactions that exceed the limit impositions, or reflect the incorrect odds or handicaps or have an event (other than an in-running event), open after the scheduled start time. In all these events Interbet shall be entitled to correct these errors or cancel the betting transactions. Interbet is under no obligation to communicate with the customer, either before or after the affected event, with regard to any correction/cancellation and the failure by the customer to receive any communication shall not entitle the customer to contend for the existence of a valid and binding betting transaction.
1.2.2 Interbet reserves the right to correct any errors in odds offered by Interbet at any time by substituting the corrected odds as determined by Interbet, in its sole discretion in respect of the event concerned, for the original Interbet price, regardless of whether or not the bet has been struck, in which event you will be deemed to have been offered and where applicable, accepted and accordingly the bet to have been struck at the corrected odds.
1.2.3 Interbet reserves the right to correct any errors in sports betting handicaps offered by Interbet at any time by substituting the corrected sports betting handicaps as determined by Interbet, in its sole discretion in respect of the event concerned, regardless of whether or not the bet has been struck, in which event you will be deemed to have been offered and where applicable, accepted the corrected sports betting handicaps and accordingly the bet to have been struck at the corrected sports betting handicaps.
1.2.4 If a customer should realise or suspect that Interbet’ computer system and/or its employees or agents may have made an error in accepting a betting transaction, then the customer is urged to communicate with Interbet to determine whether in fact an error has taken place and thereby avoid the potential dispute and disappointment when the betting transaction concerned has been corrected or cancelled.

In the event that any representation made by you proving to be false, your stake shall be forfeited and Interbet shall not be obliged to pay any winnings which might otherwise have been payable in respect of the bet.

1.2.5 If Interbet, in its sole discretion, believes or has reason to believe that the bettor is using a nom de plume (i.e. betting under an assumed name), with or without the other person’s permission, then the customer agrees that he/she shall forfeit all stakes in respect of such bets and Interbet shall not be obliged to pay any winnings which might otherwise have been payable in respect of the bets. In all instances, the onus to prove the validity of the bet shall rest with the customer.

Furthermore, Interbet reserves its right to freeze all accounts which it, in its sole discretion, believes or has reason to believe are suspicious pending an investigation by the relative authorities, be they SARS and/or FIC investigators, and personal verification by Interbet or its appointed agents.

Collection of winning bets

If any winning amount payable by the holder of a bookmaker or totalisator operator licence in consequence of a bet is not collected within ninety (90) days of the date on which the outcome thereof was finally determined, such bet shall be payable at the discretion of the relevant licence holder, provided that any tax payable in respect of such a bet shall remain payable, irrespective of whether payment is effected.
The holder of a bookmaker or totalisator operator licence shall, in a prominent position within its licensed premises where it’s licensed premises provides physical access to the public for betting purposes, display a notice informing players that winnings in respect of any bet must be claimed within ninety (90) days of the determination of the outcome of such bet.

Payout limits

Except for bets placed on the Tote or where a higher single win payout limit is expressly specified, the maximum win for any bet or group of bets placed by an Interbet client is limited to R500,000 during a 24 hour period. Irrespective of any combination of winning tickets no payout will exceed this amount under any circumstances.

Notice: “No more bets”

The holder of a bookmaker or totalisator operator licence shall display in a prominent and visible place on the licensed premises where its licensed premises is open to the public for betting purposes a notice in large legible writing and in permanent ink where bets are offered on horse racing events, stating that:

no bets shall be accepted in respect of a horse race once such horse race has officially started, and
all bets placed on a horse race after the official starting time thereof will be void.

VALID WINNING TOTE BETS THAT ARE PLACED AND PAID FOR ON INTERBET BUT NOT RECEIVED INTO THE TOTALISATOR POOLS:

Carryovers / Net Pool Ruling

In the event that valid Tote bets that are placed and paid for on Interbet, together with a valid ticket number but the bets are not received through the Totalisator, Interbet will undertake to pay winnings based on the official dividends declared by Saftote.

In addition to the above limits, where any valid winning bet is placed on Interbet but has not been received into the Totalisator, Interbet reserves the right to limit a dividend/return on a payout to the extent that the total payout does not exceed the "Nett Tote Pool" (or in other words the Gross Tote pool less the Totalisator deductions).

Should there be no winning tickets on any pool on the Totalisator (i.e. a full carryover) but winning tickets at Interbet that were not received into the Totalisator, Interbet will pay a dividend determined by dividing the Totalisator net pool by the number of all winning combinations at Interbet. The maximum liability to any customer or syndicate of customers as may be determined by Interbet in its sole discretion shall be limited to the total net Pool. These dividends and pay-outs will be subject to ticket limits. Interbet’s maximum liability, in totality, to customers shall be limited to the pool. These dividends and pay-outs will be subject to the overriding daily payout limit.

By way of example if a Soccer 6 is not won on the Totalisator and a Net pool of R10 000 is carried over. There are 10 winning combinations at Interbet on this event that have not been received through the Totalisator, then the Net pool of R10 000 is divided by 10 and a dividend of R1000 will be declared by Interbet on this event subject to their overriding limits.

At NO point will dividends exceed the Net Pool.

Where a portion of the pool is a carryover and is declared by the Totalisator bet, Interbet shall pay the winning dividend as declared by Saftote. However, the liability shall be limited to the value of the pool paid out and NOT the value of the total pool.

By way of example, if a Soccer 6 net pool is R10 000 on an event and a dividend of R900 is declared to 7 winning tickets of 63% of the net pool on Saftote (total payout R6300) and a carryover of R3700 is declared, then Interbet’s maximum liability to any customer (or syndicate of customers or any group of people as may be determined by Interbet in its sole discretion) shall be limited to the value of the pay-out, being R900 for the R1 unit.

The carryover figure will not be taken into account in declaring the dividend as the calculation of the dividend has already taken the carryover figure into account. Where a partial carryover is declared by the Saftote Totalisator, on non-commingled pools, Interbet shall pay its winning customers based on the value of the total pool. Interbet’s maximum liability shall be limited to the total pool. These dividends and pay-outs will be subject to the overriding daily payout limit.

Payout Limits (Tote, Exotic, SP, All On and Yankee type bets):

Payout limits on valid winning tickets that are not received into the Totalisator apply to Win, Place, Swinger, Exacta, Trifecta, Quartet, Double, Place Accumulator, Jackpot, Pick 3, Bipot, Pick 6, Mixa Bets, Rugby Special, Score Special, Soccer GG, Soccer Pot, Soccer Special, Starting Price, All-to-Come and Yankee type bets. Pay-outs will be limited to the lower of the pool limit and the limits as detailed above.

Examples:

If Interbet lays a Soccer 6 that pays R950 000 to a R1 unit and a customer catches it once (100%), the full dividend will be paid.
If Interbet lays a customer 4 tickets totalling 5 full Soccer 6s that pays R2 400 000 to a R1 unit, with a net pool of R4m, the pool limit will apply. The pool limit is R4m. This payout will be limited in terms of the preceding paragraphs which declare that the maximum amount that any single customer (directly or indirectly) may win from any bet or bets placed with Interbet on any one day, irrespective of the stakes in respect thereof or the terms of that bet, is subject always to a maximum of R1 000 000.00 (one million rand) per customer per day This scenario shall be limited to a R4m payout.
If Interbet lays a customer a Pick 6 ticket where the pool was R16,5m and the payout was R16 500 000 to a R1 unit, then the payout limit shall be R15 000 000.
If Interbet lays a customer a Pick 6 ticket winning R1.2m and additional winning bets (not Pick 6s) totalling R500 000, then the payout limit shall be R1.2m only.
If Interbet lays a customer a Pick 6 ticket winning R700 000 and additional winning bets (not Pick 6s) totalling R500 000, then the payout limit shall be R1m only.
If Interbet lays a customer tickets totalling 20% of a Pick 6 that pays R3 400 000 to a R1 unit, the payout will be R680 000 (being 20% of R3.4m).
If in the sole discretion of Interbet, the betting patterns and activity of any customer betting on the Interbet Exchange is deemed to be considered professional in nature, Interbet have the authority to apply a premium charge to such customers.
The Premium Charge only applies in respect of bets placed on the Interbet Exchange and it does not apply to any bets placed on other Interbet products.
Any customer affected by the Premium Charge will be notified in advance.
The Interbet Premium Charge shall be calculated at 10% of the net win on any market.

Valid winning tickets placed with Interbet but not received into Totalisator on local and international pools below R1 000 000:

Where any valid winning bet is placed on Interbet on one or more events, but the ticket is not received into the official Totalisator pool, the payout is determined after the outcome of the event on which such bet was struck becomes known, with reference to dividends generated by Saftote. If a number of bets containing the same selections are placed by more than one customer, and Interbet has reason to believe that these bets originated from or were placed on behalf of the same customer, syndicate of customers or any group of people acting in conjunction with each other as may be determined by Interbet in its sole discretion, Interbet reserves the right to limit the total winnings payable in respect thereof to the Pool Limit.

Winning limits shall also apply to Win, Place, Swinger, Exacta, Trifecta, Quartet, Double, Place Accumulator, Jackpot, Pick 3, Bipot, Pick 6, Mixa bets, Rugby Special, Score Special, Soccer GG, Soccer Pot and Soccer Special. The maximum winnings in respect thereof will be limited to THE TOTAL NET POOL LIMIT of the local SAFTOTE pool.

Where a partial carryover is declared by the Saftote Totalisator on a valid winning bet placed on Interbet, but not received into the Totalisator on non-commingled pools, Interbet shall pay winning customers based on the value of the total pool. Interbet’s maximum liability shall be limited to the total pool. These dividends and pay-outs will be subject to the overriding daily payout limit.