WakaBet Betting Rules

This brochure provides an overview of WakaBet Live Odds Markets and detailed information about WakaBet sports betting rules. It contains both general and specific rules to settlement and cancellations for different sports. Furthermore, you will find important information about the side bets offered for these sports.

General Settlement & Cancelation Rules

  1. If the outcome of a market cannot be verified officially, we reserve the right to delay the settlement until official confirmation.
  2. If markets were offered when the outcome was already known, we reserve the right to void any betting.
  3. In the case of any obviously incorrectly displayed or calculated prices, we reserve the right to void betting. This includes a deviation of more than 100% in the pay-out compared to the market average.
  4. If coverage has to be abandoned and the match finishes regularly, all markets will be settled according to the final result. If the outcome of a market cannot be verified officially, we reserve the right to void them.
  5. In the case of an incorrect settlement of markets, we reserve the right to correct them anytime.
  6. If a match does not adhere to the generally accepted format (e.g. unusual period length, counting procedure, format of a match etc.); we reserve the right to void any market.
  7. If the rules or format of a match differ from our accepted norm, we reserve the right to void any market.
  8. If a match is not completed or not played (e.g. through disqualification, interruption, withdrawal, changes in draws etc.), all undecided markets are considered void.

Soccer

Important

  1. All markets (except halftime, first half markets, overtime and penalty shoot-out) are considered for regular time only.
  2. If a match is interrupted and continued within 48h after initial kick-off, all open bets will be settled with the final result. Otherwise all undecided bets are considered void.
  3. Regular 90 Minutes: Markets are based on the result at the end of a scheduled 90 minutes play unless otherwise stated. This includes any added injury or stoppage time but does not include extra time, time allocated for a penalty shootout or golden goal.

Settlement and cancellation rules

  1. If the market remains open when the following events have already taken place: goals, red or yellow-red cards and penalties, we reserve the right to void betting.
  2. If the market was opened with a missing or incorrect red card, we reserve the right to void betting.
  3. If odds were offered with an incorrect match time (more than 5 minutes), we reserve the right to void betting.
  4. If a wrong score is entered, all markets will be cancelled for the time when the incorrect score was displayed.
  5. If a match is interrupted or postponed and is not continued within 48h after initial kick-off date betting will be void.
  6. If the team names or category are displayed incorrectly, we reserve the right to void betting.

 

Booking markets

  1. Yellow card counts as 1 card and red or yellow-red card as 2. The 2nd yellow for one player which leads to a yellow red card is not considered. As a consequence, one player cannot cause more than 3 cards.
  2. Settlement will be made according to all available evidence of cards shown during the regular 90 minutes play.
  3. Cards shown after the match are not considered.
  4. Cards for non-players (already substituted players, managers, players on bench) are not considered.

Booking points markets

  1. Yellow card counts as 10 points and red or yellow red cards as 25. The 2nd yellow for one player which leads to a yellow red card is not considered. As a consequence, one player cannot cause more than 35 booking points.
  2. Settlement will be made according to all available evidence for cards shown during the regular 90 minutes play.
  3. Cards shown after the match are not considered.
  4. Cards for non-players (already substituted players, managers, players on bench)are not considered.

Corner Markets

  1. Corners awarded but not taken are not considered.

Next Goal Scorer

  1. Own goals will not be considered for Next Goal Scorer settlement purposes and are ignored
  2. All players who took part in the match since kick off or previous goal are considered as runners
  3. All players who are currently taking part are listed. If for any reason an unlisted player scores a goal
  4. all bets on listed players stand
  5. Market will be settled based on TV insert and statistics provided by Press Association unless there is clear evidence that these statistics are not correct.

Anytime Goal Scorer

  1. Own goals will not be considered for Anytime Goal scorer settlement purposes and are ignored
  2. All players who took part in the match are considered as runners. If for any reason an unlisted player scores a goal all bets on listed players stand
  3. If a match hasn’t finished within 48h after initial kick off all bets are considered void even on players who already scored
  4. Market will be settled based on TV insert and statistics provided by Press Association unless there is clear evidence that these statistics are not correct.

Tennis

Important

  1. In case of a retirement and walk over of any player all undecided bets are considered void.
  2. In case of any delay (rain, darkness…) all markets remain unsettled and the trading will be continued as soon as the match continues.
  3. If penalty points are awarded by the umpire, all bets on that game will stand.
  4. In case of a match is finished before certain points/games were finished, all affected point/game related markets are considered void.

Settlement and cancellation rules

  1. If markets remain open with an incorrect score which has a significant impact on the prices, we reserve the right to void betting.
  2. If the players/teams are displayed incorrectly, we reserve the right to void betting.
  3. If a player retires all undecided markets are considered void.
  4. If a match is decided by a Match tie-break then it will be considered to be the 3rd set
  5. Every tie-break or Match tie-break counts as 1 game

Basketball

Important

  1. Markets do not consider overtime unless otherwise stated.

Settlement and cancellation rules

  1. If a match is interrupted or postponed and is not continued within 48h after initial kick-off date betting will be void.
  2. If odds were offered with an incorrect match time (more than 2 minutes), we reserve the right to void betting.
  3. If markets remain open with an incorrect score which has a significant impact on the prices, we reserve the right to void betting.

WakaBet General Rules

By purchasing a ticket, the customer is deemed to have read and understood the full rules and agreed to abide by the Betting Rules.

General Game Rules

  1. Minimum stake shall be ₦100 for all bets that WakaBet has to offer, unless otherwise is indicated in a branch.
  2. The maximum winnings for any one customer in any one day in-shop shall be Ten Million Naira (N10,000,000) in Lagos and Forty Million Naira (N40,000,000) outside of Lagos and online.
  3. Pay-out limits apply to each customer or group of customers who play the same or similar selection or combination of selections, even though divided into a series of bets, at different odds and even if carried out on different days or at different locations. If Wakabet suspects that one or more bets have been made following this procedure, Wakabet reserves the right to withdraw from these contracts considered abnormal and the total payment will be limited to a one-time the maximum pay-out as above listed.
  4. Wakabet reserves the right to publish the information of any winner that wins above One Million Naira (1,000,000) on Sports and or Two Hundred Thousand Naira (N200,000) on Virtual for marketing purposes. Wakabet also reserves the right to invite the winner to our offices to take photographs to be used for marketing purposes before payment of the winning. Wakabet daily pay-out limits will apply to customers who win amounts above One Million Naira (1,000,000).
  5. Combined bets - Normally, combination bets are created according to the 'x/y' type, in which case the appropriate number of combinations will be created, with the amount of money being assigned to each combination separately. If, for example, you enter the amount of 100N for the combination bet of the '5/6' type, there will be a total of N600 placed (6 combinations, 100N each). It is also possible to bet on different game types regarding related betting events in the same combination bet. However, since it is not permitted to create multiple bets referring to related betting events, only the allowed number of combinations will be created in this case, with the entered amount of money being distributed to each of these combinations. It is the responsibility of the client to check if the number of combinations and the total amount of money staked corresponds with what he/she wants to bet before confirming the bet. Once the bet is confirmed, it cannot be cancelled by the customer.
  6. Wakabet has the right to limit the maximum potential winning by bet, or by combination within a bet. If a Customer exceeds these limits, he/she will be warned about it prior to the bet confirmation by an on-screen warning within the bet slip. If the Customer confirms it anyway, he/she will lose the right to collect the winnings which are over and above the set limit. The valid potential winnings are those displayed in the actual bet within the Customer's bet list.
  7. If winnings are credited to an account for payment in error and are used as stakes, then Camlake Ltd. (Wakabet) reserves the right to void any transactions involving such funds.
  8. In the event that Wakabet does not have an official statement by any official federation authority within 48 hours of the end of the game, we reserve the right to cancel the bet.
  9. When a bet is played and accepted, a customer/ client is liable to pay the amount which is equal to the stake before the event(s) selected otherwise it shall be void.
  10. The company reserves the right to accept, not to accept or partially accept proposed bets which a client has requested.
  11. The client/ customer is obliged to check that the information issued is correct before definitively confirming the bet.
  12. Wakabet will accept at the most 3 identical bets, placed by same account/customer. Wakabet reserves the right to void all bets which exceed this rule.
  13. If an event is not offered with the market "Any Other “, Wakabet reserves the right to add new participants at any time after the publication of the initial list , including eventually requests by customers.
  14. The Customer has an obligation to inform Wakabet as soon as possible of any amount wrongly credited on his/her account. Wakabet may at any time set off any positive balance resulting from the erroneous operation, as well as cancel possible bets or transactions made with the erroneously credited funds.
  15. Neither we (including our employees or agents) nor our partners or suppliers are liable for any loss resulting from any error made. Bets placed in order to cover flawed bets will stand valid if not impaired by errors.
  16. In the event of any dispute the Customer agrees that the records of our server shall act as the final authority in determining the outcome of any claim.
  17. Additional or new markets may be made available by Wakabet from time to time. It is the responsibility of the Customer to read the "Market Rules" applicable before placing any bets.
  18. All winning bets are subject to taxes and levies imposed by the provincial government. Taxes and Levies shall be retained by Wakabet and paid over on behalf of the player
  19. Wakabet reserves the right to withhold payment and to declare bets on an event void if we have evidence that the following has occurred: (i) the integrity of the event has been called into question; (ii) the price(s) or pool has been manipulated; or (iii) match rigging has taken place. Evidence of the above may be based on the size, volume or pattern of bets placed with Wakabet across any or all of our betting channels. A decision given by the relevant governing body of the sport in question (if any) will be conclusive. If any customer owes any money to Wakabet for any reason, we have the right to take that into account before making any payments to that customer.
  20. Where there is evidence of a series of bets each containing the same selection(s) having been placed by or for the same individual or syndicate of individuals, Wakabet reserves the right to make bets void or withhold payment of returns pending the outcome of any subsequent investigation.

 

Time of accepting football bets.

Bets will be accepted up to the advertised close of sale time indicated for the particular match. In some cases, at the sole discretion of WakaBet.

Occasionally, tournaments, friendlies, or other matches may have time frames different than two 45-minute halves. WakaBet doing the best efforts to announce this special playing time before the start of the game. If different time frame not announced; The responsibility to check is on the customer (can be checked on the press association (PA)) and the bets on the game, consider in action and shall not be void. If, in a game scheduled for two halves of 45 minutes each, a referee ends the game with an official result with what appears to be a time different than 2 halves of 45 minutes each, bets will have action. If a referee declares a game abandoned for any reason, bets will be void and stakes returned.

Live Betting

If a match is suspended before full time is reached, and not completed in 48 hours, (local time of the match site) Live Betting bets on the outcome of the match are considered void and all stakes shall be returned.

The exception to this is bets that got decision. for example: the 1st half or next goal…. If the 1st half is completed, and the game is abandoned during the 2nd half before full time is reached, bets relating to only the 1st half will have action.

WakaBet reserves the right to cancel any bet made on an obvious "bad" line even after the match has ended.

WakaBet does not guarantee that odds will be offered at any specific time during the match.

When a team name is followed by (OT), (OT only) or (ET) this is for the 30-minute extra time period and any time the referee adds to compensate for injuries and other stoppages. It does not include penalty shootouts.

When a team name if followed by "(Pen)" or "(Penalties)" this is for penalty shootouts only.

 

 

Asian Handicap Live Bets

For grading purposes, when placing a Live Soccer Asian Handicap bet, the handicap line and odds displayed are for the match from the point the bet is accepted. Goals scored previously (ie. Current score) are ignored for a Live Asian Handicap bet.

Unless otherwise specified, all Live Soccer Asian Handicap bets will be settled based on the goals scored in the remainder of the match during Regulation Time. All goals scored before the bet is accepted are not included.

Bets Accepted After Actual Kick Off.

Bets made on full time result after the actual kick off will be considered illegal even if they were accepted by the terminal (agent) and a ticket has been printed. A ticket that includes an illegal bet will be considered void.

Bets accepted on fixtures played earlier than scheduled if the kick-off time of a certain fixture has been officially advanced (played earlier than scheduled) , the fixture will be considered void and will pay as a winning bet with the odd of 1.00.

Results

In the case of football and other sports, bets are settled on the official results published by the press association (PA) immediately after the match/event is finished, if the results not immediately available from the PA the result published by the official governing body immediately the match event is finished by, will be used for setting purposes. In case PA do not publish scores immediately… the score will be taken from the Wakabet bookmakers.

WakaBet makes every effort to ensure that we do not have discrepancies between the fixture data in our official publications and the data printed on the ticket, and between the data printed on the ticket and that recorded in the central system.

However, if as a result of human error or system problem a bet is accepted with the data on the ticket different than the data recorded in the system, the data in the central system will prevail. By purchasing a ticket, the player is deemed to have agreed to accept the data in the central system as core and honest.

Cancelled Tickets

A ticket that’s marked in the system as cancelled even if the cancellation is a result of a human error a system problem will not be entitled to any payment. In some cases, at the sole discretion of WakaBet, the company may decide to refund the player the amount paid for the cancelled tickets.

Tickets Not Recorded in The System

Any ticket not recorded in the central system as a result of human error, a system problem or any other problem will be considered void and the bearer of the ticket will be entitled to a refund of the amount paid for the ticket.

Tickets not recorded in the system after kick-off.

Any ticket that is not recorded in the central system after kick-off of the earliest fixture printed on the ticket as a result of a human error a system problem or any other problem will be considered void and the bearer of the ticket will be entitled to be refunded the amount paid for the ticket.

Tickets Recorded on The Central System After the End of The Event.

Any ticket that is recorded after the end of the game will be an illegal bet and will be void.

Damaged Tickets

The original ticket is the only valid proof of ownership of a certain bet. No copies of a ticket can be submitted for payment. A Player must keep his ticket in a good condition. Tickets that have been manipulated or worn-out, particularly, but not only, the ticket ID and barcode, will not be accepted as valid proof of ownership and will not be paid.

Payment of Winning Tickets.

Winning tickets will normally be paid after the end of the latest fixture on the ticket. In some rare cases WakaBet, may postpone the payment, at its sole discretion, in such cases the company issue a notice to the public at its points of payments.

Validity of Tickets

A ticket is valid 60 days from the day it was purchased (the sale date printed on the ticket). In the event of dispute, the company does not consider valid any printed matter or receipts which do not have their counterpart in the records at the company’s disposal.

The company reserves the right to make changes to these terms and conditions. Any changes will be published on the notice board.

WakaBet Football Fair Rule.

This rule will always apply in cases where WakaBet fails to find a definitive result to any given market and WakaBet will always pay as a winning bet with the odd of 1.00.

Errors

WakaBet makes every effort to ensure that we do not make errors accepting bets. However, if as a result of an error, a bet is accepted at a price (which includes the odds, handicap provision, and other terms and conditions or details of the bet) to establish the correct price, WakaBet will consider prices available in the general market at the time the bet was made, including the prices offered by other betting houses. In this case the best market price will be taken.

For example: If the odd is recorded as 308 when on offer in the general market is 3.08 all winning bets will be settled with a general market price.

Please note that when such instances occur, WakaBet will always notify customers intending to and have placed bets on the error in question.

Fraud

WakaBet will seek criminal and contractual sanction against any customer and agent involved in fraud, dishonesty, or criminal acts. WakaBet will withhold payment to any customer where any of these are suspected. The customer shall indemnify and shall be liable to WakaBet, on demand, all costs, charges or losses sustained incurred by WakaBet (including any direct, indirect or consequential losses, loss of profit and loss of reputation) arising directly or indirectly from the customer's fraud., dishonesty or criminal act. WakaBet reserves the right to withhold payment during the period of investigation.

Voids

If a selection in a single bet is made void the stake will be refunded. Void selections in multiple accumulator bets will be as non- runners (consider as a winning bet with the odd of 1.00) and the stake will run onto the remaining selections of the bet.

Kick-off Time

Soccer kick-off dates and times displayed on our website and fixtures are an indication only and are not guaranteed to be correct. If a match does not start as scheduled and does not start in 48 hours from the original time published (local time of the match site) then wagers on the match will have no action and be refunded.

*if ticket that was redeemed (paid ticket) to customer includes game that was postponed and played before 48 hours (not matter if won or lost), customer should not be able to claim the bet on the particular postponed game that was paid for already.

Customer’s Role

Please always check that whatever is printed on your receipt is exactly what u wanted. Always make sure you get a receipt for your bet on payment. Please always remember to contact our staff members in cases where you feel WakaBet made a mistake(s) and settle before kick-off of the first fixture on your coupon.

Cancellation Rules

*Bets placed cannot be cancelled or altered after 10 minutes and cannot be cancelled at all on live bets.

Applicability of these rules: These rules shall apply to all sports and games offered by Camlake limited.

Deposits and Withdraws

If customers’ deposit money, any withdrawal of these amounts shall be subject to a customer betting this money at least once for the money to be fully available for a withdraw transaction.

There is a daily withdrawal pay-out limit of 100,000 NGN for online customers with a minimum amount of NGN 2,000 with a limit of one withdrawal a day. For shop customers the daily pay-out limit is N 250,000.

Jackpot Terms and Conditions

  1. The jackpot ("pool") product is running by the rules of the company ("WakaBet") and apply by the company general rules and conditions.
  2. Entrants are required to submit their predictions of the pool before the first scheduled match of each competition kicks off (the “Competition Closing Time”). To win a share of the jackpot, participants must correctly predict the final result or correct score of all Matches.
  3. To take part in the Competitions, participants must select a result/outcome (Home Win, Draw, Away Win or any other results) for each one of the Matches featured on the pools, Competition Page.
  4. Matches may be played either over the weekend or during midweek. The fixed stake for one prediction per match (one-line bet) is shown in the pool page. It is possible to enter more than 1 prediction per match; this will increase the cost of the ticket for every additional line.
  5. Additional selections made on more than one per match will cause the stake to increase depending on the combinations selected.
  6. By purchasing a Jackpot ticket, you agree that your first name & photograph may be used for promotional purposes by the Company. You agree to cooperate in connection with the execution of any additional permissions or releases deemed reasonably necessary by the Company in order to use your name and photograph for such promotional purposes.
  7. Matches will be settled on the official result after 90 minutes of play, including any ‘injury time'. Extra time and penalty shoot-outs shall not be included. This competition is open to persons aged 18 years or over, Proof of age and identity may be required.
  8. Players will be deemed to have accepted these terms and conditions and agreed to be bound by them when entering this Competition.
  9. Where there is any disagreement as to the details or status of a Bet, the company records will be the primary source of evidence for the details/status of the Bet.
  10. The company may, in its sole and absolute discretion, decide to suspend betting on a pool at any time. The company also reserves the right to void a pool in its entirety or any Leg(s) or Bet(s): to correct any obvious errors; to maintain integrity and fairness in the company pools; if there has been a change to the format or events within a pool; or if it believes any Bet has been placed in contravention of either these Terms of Play or the rules of a sport’s governing body or another relevant professional body.
  11. In the event of any uncertainty about any official result, the company reserves the right to suspend settlement of any pool until the uncertainty can be resolved to its reasonable satisfaction.
  12. To be valid, bets must be placed before the Competition Closing Time, i.e. the time the first scheduled Match of each competition kicks-off. Any bets inadvertently accepted after this time will be refunded.
  13. Once submitted, entries cannot be cancelled, amended or refunded. Participants are responsible for ensuring that their entry is submitted correctly.
  14. The winner of the Jackpot cannot also claim the 1st, 2nd and 3rd consolation prizes. In the same way, the 1st consolation prize winner is not entitled to the 2nd consolation prize.
  15. If one or two games are cancelled or abandoned for more than 72 hours from original time... the company will make a draw in our head office to decide the result of the game for the pool needs only. If more than two games are cancelled or abandoned for more than 72 hours from original time... all bets on the pool will be refunded.
  16. In the event of an error that results in the acceptance of an incorrectly staked or otherwise incorrect or unpaid entry, the company reserves the right to make the required manual adjustments the pool before calculating the prize shares.
  17. Match results and prizes will be displayed in the Pool History section on website: wakabet.ng
  18. The company reserves the right to request winners to provide a valid proof of identity or address before any payment is made.
  19. The company reserves the right to amend the terms and conditions of this Competition if any time, for any reason and without notice.
  20. All the Company’s general Terms and Conditions apply to the coupon and take precedence if these Jackpot Coupon Terms and Conditions conflict.