GENERAL SPORTS RULES
Introduction
By logging in to OLB365.com website, members are deemed to have fully understood and accepted the terms and conditions of these Rules.
Members must be at least eighteen years of age or the legal age required for gambling in theirs jurisdiction. Members should note that may be in their country of residence where betting has prohibited under gambling or gaming laws. Members understand that gambling over the Internet or other remote communication devices or gambling in general may be unlawful in theirs jurisdiction where the members are located; Members are solely responsible to ensure compliance with its applicable local or national laws before opening a Member Account, using the Company Services or accessing the Website.
The Member agrees that their use of the Company’s Betting Platform is at their sole risk.
It is member's responsibilities to read and agree to the terms of betting prior placing any wagers. We reserve the rights to amend the rules at any time without prior notice. The member’s continued use of the betting service will be confirmation of their acceptance of any changes to these terms and conditions.
If there is any dispute over the interpretation of any rules or regulation, the company's interpretation will always take precedence.
The company reserves the right to refuse/cancel/decline all, or part, of any bet requested without providing any justification. The company reserves the right to close or suspend a customer's account anytime.
It is the responsibility of the members to ensure details of their bets are correct. Once bets have been placed and their acceptance confirmed they may not be cancelled or changed by the members.
In case of any complaints, the company does not consider valid prints or receipts, which have not been recorded or stored in the company files.
The company is not liable, under any circumstances whatsoever, for any discrepancies, damages or loss caused by any of the following incidents:
a) -Disruption of service to the company's website(s), server(s) or network;A mix parlay bet is a bet which combines multiple selections of different games or matches offered by the bookmaker for betting. A mix parlay bet which combines different selections within the same game or match are not allowed where the outcome of one affects the other.
b) -Loss of data or damaged data on the company's server(s);
c) -Malicious attack on the company's website(s), server(s) or network by hackers;
d) -Slow or irregular internet service while accessing the company's website;
For the purpose of settling bets, the company shall take the latest back-up data on bets placed. The company will not entertain any complaints or disputes, unless customers produce a printed copy of the betting transaction(s). Otherwise, the company's transaction record shall be deemed as FINAL
These terms and conditions, as published in English from time to time, govern this contract. Translations into other languages are made as a service and are made in good faith. In the event of ambiguity between the English version and a translation, the English version prevails over any translation.
INCONSISTENCY BETWEEN ENGLISH & OTHER LANGUAGES
In the event of any inconsistency between the English and the Non-English names used on the Website, it is the English version that shall prevail.
INTERPRETATION OF RULES
If there is any dispute over the interpretation of these Rules; it is the company's interpretation of these Rules that prevails.
MODE OF BETTING
We only accept bets made on the Website, WAP or through prior arrangement by telephone. All betting transactions placed through WAP or telephone betting will be printed on statement details on member’s Website. The transactions record based on member’s Website shall be deemed as final.
EVENT DETAILS
Event details (dates, neutral ground venue, commencement, timers, red cards, statistical information on players and teams or news) displayed on the Website (including details displayed in the Live Console and Live Streaming Channel) are for general information only. It is the responsibility of the end user to ensure and verify that such details are correct before placing their bets. The company is not responsible for any errors, mistakes, time lag, or omissions to any event details or video streams that are displayed or accessed on the Website.
MAXIMUM BET
The maximum amount of each bet varies according to the specific bet type and is subject to change without prior notice by the Company.
CHANGE OF VENUE
In the event of a change of venue (home team plays away or vice versa), all bets on the match will be void.
If a match is scheduled to be played on neutral ground (but is played on non-neutral ground or vice versa) all bets stand.
EARLY COMMENCEMENT/START
All bets placed before the scheduled games starts are valid. Those placed after the scheduled game starts will be void unless the bets were placed as part of the In Running ("Live") betting service.
ODDS FLUCTUATIONS
All of our odds are subject to fluctuation at any time. We will accept bets only at the odds that are applicable to the selection at the time the bet is placed and accepted.
ODDS TYPES
The company offers the following odds types for betting:
(a) European Odds
(b) Malay Odds
(c) Indo Odds
(d) Hong Kong Odds
For further information on the various odds type, please contact our customer service department.
THE 72 HOURS RULE
All Results posted shall be final after 72 hours and no queries will be entertained after that period of time.Any subsequent enquiry that may result in an overturned decision will not be recognized after 72 hours from the processing of results. Within 72 hours after results are processed, the company will only reset / correct the results due to human error or mistakes in referring website.
CANCELLED EVENTS
If an event is cancelled for any reason prior to its commencement, all bets placed for that event will be void and will be returned at odds of 1.00.
POSTPONED OR SUSPENDED EVENTS (THE 12 HOURS RULE)
All bets placed will be refunded if an event is suspended or postponed, and not resumed within 12 hours from the scheduled commencement time (unless otherwise stated in the particular sport rule). The exception shall be for bets which have been determined before the actual interruption of play.
SUSPENSION OF MARKETS
The Company reserves the right to suspend a market or not accept bets at any time. When a market is suspended, any bets placed for that market but prior to being accepted by the Company will be rejected. The Company also reserves the right to cease betting on any markets at any time without notice.
VOIDING BETS DUE TO MISTAKE OR ERROR
If an incorrect participant (or an incorrect member of a participating team) or incorrect odds/price is quoted for any event or the Company has relied on incorrect information to compile its odds or bets or wrong scores or detail were entered during an In Running ("Live") Bets session or bets have been accepted in error, then the Company reserves the right to void such or all bets placed for that event or on such participant.
RETURNING STAKES DUE TO VOID BETS
All bets that have been declared void shall result in the original stake being returned.
IRREGULAR BETS
The Company reserves the right to refuse, reject or suspend without prior notification any customer who is suspected of cheating, hacking, attacking, manipulating or damaging the Company’s normal betting operations (including the Internet Betting Service). Any of the "abnormal bets" will be void without prior notification. The use of artificial intelligence or "bots" on the Internet Betting Service is strictly forbidden. The Company will take measures to prevent and detect programmes that are used to enable artificial intelligence (non-human) to utilise the Internet Betting Service. Any attempted or actual use of artificial intelligence by the End User to cheat, hack, attack, manipulating or damage the Company’s betting operations will lead to termination of their account or voiding the bets, at the discretion of the Company.
INCOMPLETE MIX PARLAY BETS
If an event or game in a mix parlay bet is cancelled, does not take place or is not completed for any reason, the cancelled/non-participating element of the bet shall be void but the remaining elements of the mix parlay bet shall stand with the odds recalculated.
DETERMINATION OF WINNER (FOR BETTING PURPOSES)
The winner of an event will be determined at the conclusion of the event. Subsequent protested, appealed or overturned decisions will not be recognized for wagering purposes.
THE DEAD HEAT RULE
If there are two or more winners, the payout odds (less the stake) are divided by the number of winners and settled accordingly with the stake returned.
FANTASY MATCHES
Fantasy match bets involve the virtual pairing of any two teams. Fantasy match results are decided by the number of goals/points scored by the two paired teams in their respective matches. The winning team is the team with the highest number of goals/points scored, inclusive of handicap, if any.
Team that are paired in a fantasy match must start their respective matches on the same day although one match may end later than the other but both matches must be played in one continuous session (i.e. no postponed, rescheduled or abandoned matches) for the bets to be valid.
If any of the paired team's matches are postponed, rescheduled or abandoned, all fantasy match bets involving those teams will be void.
Venue (Home or Away) of the matches are not considered in these Fantasy matches.
Except as provided above, Fantasy match rules will follow the rules of the particular sport in which fantasy match bets are offered.
INCONSISTENT RESULTS/SCORES WITH OFFICIAL RESULTS
Where there is a conflict between the official match results and the results on the website, the Companyreserves the right to suspend settlement of such bets for up to 72 hours or such other period necessary pending its verification of the result/score.
The conflict shall be resolved by reference to video recordings of the match/event and any determination of the correct score/result based on such video recordings shall override the official match result.
Where there is no video recording available, the correct score/result shall be determined by reference to the score/result posted on the official website of the sport governing body unless the official website's posted result is manifestly wrong, in which case the Company shall use its best endeavours to determine the correct outcome to be used to determine the winner and/or the result. In such cases, the Company’s decision shall be final.
IN RUNNING ("LIVE") BETS SERVICE
In Running ("Live") bets are only available for those sports that the Company designates as live betting markets and only in respect of those matches marked as "live" or "live bets" or by a LIVE sign in the list of events or in aspecial file entitled "LIVE" on the Website.
An In Running ("Live") bet is where the End User is permitted to place a bet during an ongoing match or eventup to such time when the Company ceases betting on that match or event.
In an In Running ("Live") Bet for Asian Handicap bets, two types of scoring system are displayed on the Website:
(a) Where current scores or results are updated and displayed. The settlement of a bet is determined by the result of the final score (including the handicap) at the conclusion of the match or Period Betting (depending on the nature of the bet), minus the current score at the time of the placing and acceptance of the bet.
(b) Where current scores or results are not displayed and instead a 0-0 score or result will be displayed. The settlement of a bet is determined by the result of the final score (including the handicap) at the conclusion of the match or Period Betting (depending on the nature of the bet). The End User is advised to verify match status before placing their bet.
Depending on the specific sport, selected markets may be offered for betting at the sole discretion of the Company. The Company does not acknowledge or accept any liability whatsoever if it is not possible to place a bet or if the live score update is incorrect. It is the scores or results displayed at the conclusion of the match that are valid.
At all times, it is the End User's responsibility to be aware about the score and is advised to verify match status before placing your bets.
Unless otherwise stated on the Specific Sport Rules, any information, statistic or editorial text ( e.g. scores, timers or results) displayed on the website during an In Running ("Live") game situation are purely for general information purposes and should not be relied upon for betting purposes.
As with non-live bets, the winner of an event will be determined at the conclusion of the event. Protested, appealed or overturned decisions will not be recognized for wagering purposes and subsequent changes to the results will not affect the outcome of the bet.
The Company reserves the right to suspend a market or not accept bets at anytime without notice. When amarket is suspended any bets placed for that market but prior to being accepted by the Company may be rejected at the Company's discretion. Any bets accepted prior to suspension or cessation of the live market will stand, while any bets placed after live betting has ceased will not be accepted unless otherwise stated in the Specific Sports Rules.
During In Running ("Live") bet conditions, bets placed will be kept in pending mode during specific high risk/ danger moments in a match. Such bets will be indicated as "Pending" on each bet slip until such time when the bet is accepted or rejected by the Company. High Risk/ Danger moments are defined as follows:
(a) Corner kicks;
(b) Penalty kicks;
(c) Free kick awarded to attacking team near the opponent's penalty box area;
(d) Throw in given to attacking team near the opponent's penalty box area;
(e) Whenever a team is in a potential scoring scenario as in an active attacking mode,
All bets on Asian Handicap and Over/Under that are in Pending mode (other than bets on Total Bookings, Total Corners, Total Offsides, Total Substitutions and/or bets which do not have an effect on the overall result of the match) will be cancelled if one of the following occurs:
(a) A goal is scored
(b) A player is sent off
All other bets such as Total Bookings, Total Corners, Total Offsides, Total Substitutions and/or bets which do not have an effect on the overall result of the match may be accepted at the Company’s discretion.
The Company at its sole discretion shall determine the time in which any goal or point was scored. References as to the time of goal(s) or points scored as stated in official league/club website, media website or "live score" website may be considered for guidance purposes but shall not be binding on the Companyin its determination of time.
Where the Company has reason to believe or suspect that a live bet has been placed after the outcome of a live event is known or if delayed "live" television coverage results in a live bet being placed at the incorrect price after the selected participant has gained an advantage (to be determined at the Company’s sole discretion), the Company shall be entitled to treat the bet as void without having to provide any reason whatsoever.
In the event of any technical malfunction, including the crashing of its website or suffers any downtime which hinders, delays or prevents the Company from accessing its website to update the score, odds or handicap, the Company reserves the right to cancel all pending bets placed at the time of the incident.
With regard to live betting, the general rules concerning results' evaluation apply. Where a live event is interrupted in the course of play, causing the event to be postponed or abandoned, any bets taken on such postponed or abandoned events that are not restarted within 12 hours from the event commencement time (unless specifically provided for in a particular sports' betting rule) shall be void. The exception shall be for bets which have been determined before the actual interruption of play.
BET TYPES
1. 1X2
- Bets can be made by either selecting a Home Win, a Draw or an Away Win.
- Bets will be settled at the end of regular time play, excluding extra time and penalties (where applicable).
2. ASIAN HANDICAP
- Asian Handicap is a style of betting where the bookmaker handicaps the two teams in a game before its commencement. Using American Football as an example, the bookmaker gives a goals deficit to the team he thinks is more likely to win, and a head start to the team he thinks is less likely to win. The handicaps are expressed in goals, or fractions of goals. To win a bet, the end user, rather than backing a team to win, bets on it to overcome the handicap.
3. FIRST TO START
- Predict the team or participant who starts off the game/match/event.
4. HALF TIME/FULL TIME
- Bet on the half time and full time results of a designated match, (note that the bet is void if the match is played in a time format not expressly provided in Specific Sports Betting Rules).
5. MIX PARLAY
- A mix parlay bet is a bet which combines multiple selections of different games or matches offered by the bookmaker for betting. A mix parlay bet which combines different selections within the same game or match are not allowed where the outcome of one affects the other. At least select 2 different events to complete a parlay. If one (or more) selection should fail to win then the Parlay loses. If one (or more) selections should be postponed then the odds for that selection will revert to 1.00 odds.
6. MONEY LINE / HEAD TO HEAD
- A money line / Head to Head bet is a bet on the outcome of a match or event between two paired competitors. In the event of a draw result, all bets will be refunded at odds of 1.00.
7. ODD/EVEN
- Bets are settled based on the aggregate sum total of points/goals (resulting in an odd or even number) in a match or series of matches in which the bets were placed. A 0-0 score is considered as even.
8. OUTRIGHT
- An outright bet involves the selection of a winner in a tournament, competition, league or event either from the onset or at any stage of the tournament, competition, league or event prior to the conclusion of the competition where the results are still undecided.
- There are no refunds on non-starters for outright betting.
- The Dead Heat Rule applies to all outright betting.
9. OVER/UNDER
- Bets are settled based on the aggregate sum total of points/goals etc. achieved (resulting in an over or under a prescribed target number set by the Company) in a match or series of matches in which the bets were placed.
10. PERIOD BETTING
- Period betting means the placing of a bet on different segments of a game (e.g. quarters, halves, periods, sets, rounds or overs).
- In Period Betting, a segment must be completed in order for the bets to be valid.
- In Period betting, overtime or extra time is excluded in determining the scores if nothing else is stated.
- Subject to the Specific Sport Betting Rules, period betting on the 2nd half shall include overtime in determining the score. |