AGREEMENT (GENERAL TERMS AND CONDITIONS)

Effect of this Agreement

  1. By agreeing to these terms and conditions and/or continued use of the platform, you are bound by the entirety of this agreement and by our 'Rules and Regulations' and 'Privacy Policy' that are incorporated by reference into these Terms and Conditions. If there is any inconsistency between these Terms and Conditions and any document incorporated by reference, these Terms and Conditions will prevail.
  2. If we make significant changes to these Terms and Conditions, we will take appropriate steps to bring such changes to your attention. Notification will be by placing it in a prominent position on our web site. It is your responsibility to check our site from time to time to check for any changes in our Terms and Conditions and Privacy policy to ensure that you agree with them. Your continued use of our services is deemed to be acceptance of these conditions. Any bets placed before amendment will be subject to the pre existing conditions. Any bets placed after amendment will be subject to the amended conditions.

Representations

  1. You are 18 years of age or over, of sound mind and capable of taking responsibility for your own actions.
  2. You can enter into a legally binding agreement with us and you are the person whose details are provided in connection with your Golden Bets registration. In case of legal entities, you are a duly authorized representative of the legal entity.
  3. In the event that another person trades on your account, you are solely responsible for all their actions whether or not their access was authorized by you. For this purpose you hereby indemnify Golden Bets, and hold Golden Bets harmless against all costs, claims, expenses and damages howsoever arising in connection with the use of or access to your account by any third party. It is thus your responsibility to protect your passwords, username and other relevant security data on your account. We advise that you change your passwords periodically for security reason. You should notify Golden Bets if you believe your security has been compromised.
  4. You understand that by using our services you may lose money on bets placed, and accept that you are fully responsible for any such loss.
  5. You agree that it is your responsibility to verify that you are permitted to bet in any jurisdiction you are located.
  6. If you are an agent or operator of one, you will not place bets which differ from intention of all players. Where you place bets that differ from that of intention of players as stated on their slips, you will be liable for any loss that results. You will act in good faith as an agent or operator.
  7. Where you are using our platform as an agent or an operator you must be duly registered as one.
  8. If registered as an online customer, you will not present yourself as an agent or operator of one.
  9. You are not an un-discharged bankrupt or in a voluntary arrangement with your creditors.
  10. When paying in funds to bet, such funds belong to you. You agree that using financial information of any other party other than yours render your bets invalid.
  11. You undertake to use our services for legitimate betting purposes only.
  12. Regarding point (11), you will not engage in any activity which has the purpose or effect of causing damage to or in any way hindering our business operations or generating or increasing liability on us, including without limitation any tax, levy or duty collecting authority.
  13. Regarding point (11), you will not bet on, or manipulate any market in a manner which has the purpose or effect of adversely affecting the integrity of the market.
  14. You will not attempt to hack, make unauthorized alterations or introduce any kind of malicious code to the website or the company by any means.
  15. You will not make copies, modify, reproduce, transmit, alter or distribute all or any part of the website or any material or information contained on it.
  16. You will not disguise or interfere in any way with the IP address of the computer you are using, or otherwise take steps to prevent us from correctly identifying the actual IP address of the computer you are using.
  17. You agree that it is your responsibility to account for any tax or duty imposed on you as a result of placing bets on our site.

Accounts

  1. There are two categories of accounts that can be opened. Customer accounts and Trade accounts. The customer account is for online customers only, while the trade account is for the agents only.
  2. Trade accounts will require deposits which will be placed in a deposit account. Customer accounts will not require deposits to open their betting accounts with us.
  3. You agree to provide all required information on registration. This information must be accurate and we must be informed of any change in details.
  4. You authorize us to use any means necessary at any time to verify your identity and any information that you have provided us about yourself.
  5. You agree to inform us of any errors that might have occurred on computations regarding bets that you have placed on your account. We reserve the right to declare null and void any bets that might have been placed subject to such errors.
  6. Online customers will receive confirmation by electronic mail of their accounts details after registration.
  7. You agree to keep your username, password and security details strictly confidential. You should change your passwords on a regular basis, and never disclose to any third party. We will assume that any transaction carried out on your account is by you and notifications will be sent to electronic mails that you have provided. You should protect your usernames and passwords as cash in your pocket, failure to do so is at your risk and expense.
  8. You agree to inform us if your account is being used by a third party or its security has been compromised in any way. Your account will be subsequently suspended.
  9. You agree that as an online customer, you will not use your account for trading on behalf of third parties. Contravention will attract closure of such account. We will not be liable to any third party, where such abuse has occurred.


 
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