General Terms and Definitions
The betting system is a service available through our website vavada-india.net, which is operated by VAVADA B.V., a company registered in Curacao under number 143168 and located at Hanchi Snoa 19, Trias Building. These betting rules form part of the general Terms and Conditions of this site, and you must agree to them in order to create a new account. Words that are capitalized below but not explained in detail have the meanings detailed in the Terms and Conditions of the site.
- Client is a person who has registered and is placing bets on our platform;
- Bet is an agreement between the Client and the betting service, whereby the Client selects an event and makes a prediction on its outcome under certain conditions;
- Line refers to the list of events offered and their odds, on which users can bet;
- Outcome refers to the final result of the selected event;
- Odds are the values provided by the platform itself for possible outcomes and they may change depending on various circumstances;
- Stake is the amount of money the Client places on a bet;
- Payout is what the Client receives from a winning bet, which is calculated by multiplying the stake they placed by the odds.
General Provisions
The platform is primarily designed to allow registered users to place bets on various events, such as sports, entertainment and some others. Clients are solely responsible for ensuring that the bets they place comply with the laws of the region in which they reside. A list of locations where bets are not allowed and where relevant prohibitions apply is available in the Terms and Conditions of the site.
The Service has the right to update its terms and conditions at any time without prior notice to its users. These updates will only apply to future bets, while all bets made before this point will comply with the rules in effect at the time of their placement. We strongly recommend that customers check the rules regularly to avoid any disappointing changes.
Customers must keep their account login details as secure as possible. The platform will not be held liable for any unauthorized access that occurs due to a Customer failing to properly protect their login details. Individuals from certain regions are not allowed to use the service. If someone from a listed region is found using the site, their account may be closed and any remaining balance may be forfeited to the platform.
How to Place Bets
Bets can only be placed through the platform’s official website. All bets must be placed before the start of the selected event, unless the event is a live event. Any bet placed after the event has started will not count, except for those placed during bets that are scheduled to be placed in real time.
After a bet has been placed, a text message will appear confirming the bet. The bet is officially accepted at the moment it is recorded in the Client’s betting history. After this point, the Client cannot cancel or change their bet. However, there is an option where they can use the cash out function, which will allow them to withdraw part of the bet before it is settled. The cash out amount may change and may be less than the original bet.
If obvious errors are found in the odds or event details, the platform may cancel the bet and refund the money staked in full. There may also be limits on the minimum and maximum bet amounts, depending on circumstances such as events, bet type or the Client’s activity history. The platform will look for and check unusual or suspicious betting patterns. If there is a suspicion that the Client is betting unfairly (fixed matches, coordinated bets), their bets may be cancelled, the account frozen and the case may be reported to the authorities.
Cash Out Function
Cash out is a convenient tool that allows Clients to settle a bet before the outcome of the relevant event is known. The amount available directly depends on how the selected event is developing, as well as the current odds. This feature may not always be available for every bet, especially during fast-moving events happening in real time.
Sometimes the platform may only allow partial withdrawals, in which case part of the bet is withdrawn and the other part remains active. Once the withdrawal is complete, the bet is considered completed and the final outcome of the event on which the bet was placed no longer affects this bet.
Wins and Payouts
Once the event has ended and the official results have been confirmed, all winnings are immediately credited to the Client’s account. The amount of money paid out is based on the odds that were valid at the time the bet was placed. However, there may be limits on the amount of payout for certain bets or events.
If signs of fraud or other violations are noticed, the platform has the right to suspend payments. If such violations are proven, the relevant bets are cancelled and winnings for these bets are not paid out.
If you want to see the most detailed version of the Betting Rules, download the official file provided by the platform.