1.1 Company Overview

Nextbet (referred to as the “Company”) operates an online sports betting and gaming website. The Company is a registered British Virgin Island company with the registration number 528699. Its registered office is located at Mill Mall Suite 6, Wickhams Cay 1, P.O. Box 3085, Road Town Tortola, British Virgin Islands. The Company is licensed and regulated in compliance with the laws and regulations of Curacao for remote betting and gaming business. The Website, www.nextbet.ph, is owned and operated by the Company to provide online sports betting and gaming services.

Contracting Parties

2.1 Agreement Between You and the Company These Terms and Conditions constitute an agreement between you and the Company. In these Terms, references to “us,” “our,” or “we” refer to the Company.

Applicability of These Terms and Conditions

3.1 Acceptance of Terms

By accessing the Website, using the Services, opening an Account, or placing a bet, you are deemed to have read, understood, and accepted these terms. Your agreement to these terms and continued use of the Website and Services bind you to these terms, as well as our rules, regulations, and privacy policy incorporated by reference herein. In the event of any inconsistency between these terms and any other document, these terms shall prevail.

3.2 Effective Date of Terms

These Terms will come into effect on 6th Oct 2017. We reserve the right to change the Terms for various reasons, including commercial reasons, compliance with laws or regulations, instructions from regulatory bodies, or customer service purposes. The most up-to-date Terms can be accessed from the “Terms of Use” link in the footer section of the Website. The date on which the new Terms will come into force is indicated at the beginning of this section.

3.3 Notification of Changes

We will provide prior notice of substantial changes to the Terms, and for minor or insubstantial changes, you are advised to regularly review the Terms on the Website. Your continued use of the Website and Services after the changes are made implies your acceptance of the revised Terms.

3.4 Methods of Notification

We will notify you of any significant changes to the Terms through appropriate methods, which may include email (using the email address provided by you), a message to your Account on the Website, or a notice on the Website. We may request your acceptance of the new Terms through a confirmation method such as clicking “yes” or “I accept,” checking a ‘tick box,’ or similar confirmation methods. By providing such confirmation or continuing to use the Website and Services after notification, you will be deemed to have accepted and be bound by the new Terms. If any change is unacceptable to you, you may discontinue using the Services and/or close your Account.

3.5 Changes to Fund Holding Terms

In the event of changes to the terms regarding the holding of your funds, we will notify you in advance using an appropriate method, which will require your acknowledgment by clicking “yes” or “I accept,” checking a ‘tick box,’ or a similar method. By providing such acknowledgment, you will be deemed to have accepted and be bound by the new Terms

4.1 Account Registration

To access our betting services, you are required to register and open an Account.

4.2 Providing Personal Information

4.2.1 Responsibility for Accuracy

You agree to provide accurate and up-to-date Personal Information during the registration process. It is your responsibility to ensure that your Personal Information, such as address, telephone number, and payment/bank details (if applicable), are kept current. Failure to provide truthful information may result in the closure of your Account, with any available funds forfeited to us. Upon our request, you must provide any necessary documentation to verify the provided Personal Information.

4.2.2 Verification of Personal Information

We reserve the right to use lawful means to verify the Personal Information you have provided in the online enrollment form. The Personal Information required for identification purposes will be determined by us in our sole discretion. Upon submission and acceptance of the enrollment form, you will be considered a Registered Customer. We reserve the right to accept or reject registration for any reason. Only Registered Customers are permitted to use our Services, up to their specified bet limit or available monetary amount.

4.3 Account Eligibility and Warranties

4.3.1 Restrictions on Access and Registration

Before placing a bet with the Company, you should be aware of any specific laws in your country, place of residence, or the jurisdiction from which you access the Website and Services. Online betting and gaming (gambling) may be prohibited in certain jurisdictions. By accessing or registering an Account, you represent and warrant that you will not do so from within a jurisdiction that prohibits such activities or if you are a resident of a nation state that prohibits its citizens from participating in gambling. Additionally, registration is not permitted if you reside in any of the Prohibited Jurisdictions mentioned. The availability of our Website or Services in certain areas or jurisdictions does not constitute an offer, invitation, or solicitation in any prohibited area or jurisdiction.

4.3.2 Acknowledgment of Risk

You acknowledge that using the Website and/or the Services carries inherent risks, and by engaging in these activities, you may lose money on bets placed. You accept full responsibility for any such losses.

4.3.3 Age and Legal Capacity

You warrant that you are either over 18 years of age or above the legal age for gambling or gaming activities under the applicable law or jurisdiction. The higher age requirement between the two shall be applicable (“Relevant Age”).

4.3.4 Non-Exclusion from Gambling

You confirm that you have not been excluded from gambling.

4.3.5 Binding Contracts

You affirm that you are legally capable of entering into binding contracts, including these Terms and Conditions, and any other activities with us or using our Services.

4.3.6 Previous Account Closure

You confirm that you have not previously had an Account closed by us.

4.4 Single Account Policy

According to our policy, you may open only one Account with us. If additional Accounts are opened, we reserve the right to close them at our sole discretion. In such cases, any outstanding amount will be returned to you. Alternatively, we may treat all the Accounts as one joint Account and merge them together. We retain the right to use reasonable methods to determine whether two or more Accounts belong to the same customer.

4.5 Security Checks

To maintain a high level of security and protect customer funds, we may conduct random security checks. As part of these checks, we may request additional information and/or documentation from you to verify your identity as the Account holder. By accepting these Terms and Conditions, you agree to cooperate with us and provide the necessary information and documentation when requested.

4.6 Account Balance Monitoring

It is important that you regularly check your Account balance when accessing the Website and/or the Services. If you notice any discrepancies in your Account balance, you must immediately notify us. Provide us with details of the discrepancy and your record of transactions since your last verification of the Account balance. Failure to notify us of any discrepancies within thirty (30) calendar days from the last day of the respective month will result in forfeiture of any claims related to the discrepancies. You agree to accept all information in your Account as accurate and final at the end of this period.

Verification of Identity/ Anti Money Laundering Requirements

5.1 Correctness of Information

When opening your Account, you warrant that the name and address you provide are accurate. Furthermore, you confirm that you are the rightful owner of the money deposited into your Account.

5.2 Authorization for Verification Checks

By accepting these Terms, you authorize us to conduct verification checks, also known as “Checks,” as required by ourselves or third parties, including regulatory bodies. These Checks aim to confirm the accuracy of the information provided by you. We may request additional details related to your Account and deposits at any time.

5.3 Impact on Account Access

During the verification process, we reserve the right to restrict your withdrawal of funds from the Account and/or limit access to certain parts or the entirety of the Website and/or the Services. Please note that we may periodically re-perform these Checks for regulatory, security, or business reasons. If any restrictions cause inconvenience, please reach out to our Customer Support team.

5.4 Requirement of Additional Information

In certain circumstances, we may need to directly contact you and request further information to complete the verification process. At our sole discretion, we may require you to provide notarized identification or equivalent certified identification as per the applicable law of your jurisdiction. This may include proof of address, utility bills, bank details, bank statements, and bank references. Until satisfactory information has been provided, we may prevent any account activity or retain any deposited funds if we reasonably believe that incorrect information has been provided intentionally.

5.5 Age Verification

It is prohibited for individuals below the Relevant Age to use the Website and/or the Services. If we are unable to confirm that you meet the Relevant Age requirement, we may suspend your Account until verification is completed. If it is subsequently discovered that you were underage when engaging in gambling or gaming transactions with us, the following actions will be taken:

5.5.1 Closure of your Account.

Voiding of all transactions made while underage, with related funds returned using the original deposit method, whenever possible. 5.5.3 Return of any deposits made while underage. 5.5.4 Forfeiture of any winnings accrued during the period of underage activity (which may be deducted from the amount returned under paragraph 5.5.3). You will be required to return any withdrawn funds upon our demand.

Maximum Winnings

6.1 Daily Maximum Winnings

Regardless of the stake size or number of bets placed, a single customer is subject to maximum winnings limits per twenty-four-hour period. The specific limits are determined by sport, tournament, and market as outlined in section 6.4.

6.2 Multiple Bet Limitation

If a multiple bet includes events with different maximum winnings limits, the lowest limit among them will apply.

6.3 Limits for Group Bets

All maximum winnings limits apply to any one customer or group of customers who place bets containing the same selections, whether in a series of bets, at different prices, over several days, using different betting accounts and/or across various betting channels. If we suspect that multiple bets have been placed in this manner, the total payout for all combined bets will be limited to a single maximum winnings payout.

6.4 Specific Sport/Tournament/Market Limits

The following limits are stated in USD and will be converted to the respective currency of the placed bet:

6.4.1 Soccer

  • $150,000 for Men’s full International matches and select competitions (e.g., English Premier League, Spanish La Liga, etc.)
  • $100,000 for additional competitions (e.g., Australian A-League, Scottish Premiership, etc.)
  • $50,000 for all other soccer competitions, including qualifying rounds for various tournaments

6.4.3 Basketball

  • $100,000 for NBA H2H (Head-to-Head), Handicaps, and Totals for the Match period, as well as NBA championship outrights.

6.4.4 Basketball

  • $50,000 for other NBA markets not listed in section 6.4.3.
  • $50,000 for Euroleague/Spain ACB Match H2H, Handicaps, Totals, and Outright winner markets.

6.4.5 Baseball

  • $100,000 for all MLB H2H, handicap, and Totals for the Match period, including World Series outrights.

6.4.6 Ice Hockey

  • $50,000 for all NHL H2H, WDW (Win-Draw-Win), handicaps, and totals for the match period, including Stanley Cup outrights.

6.4.7 Tennis

  • $50,000 for full ATP/WTA Tour Match winner and Outright tournament Winner markets.

6.4.8 Other Sports/Tournaments/Markets

  • $25,000 for any other sport, tournament, or market not defined above in section 6.4.

Username, Password, PIN, and Customer Information

7.1 Account Access Information

As a Registered Customer, you will receive a username and password (“Account Access Information”) for your personal use. It is crucial to keep your Account Access Information confidential at all times. You are fully responsible for any misuse or unauthorized disclosure of this information to third parties. If you suspect that your Account Access Information has been compromised or accessed without your consent, you must immediately notify us. Bets or requests made online using the correct Account Access Information will be considered valid and binding unless you report its compromise and we suspend the Account, in which case, bets or requests made using the Account Access Information will be void.

7.2 Password and Account Access Information Security

We may require you to change your password or Account Access Information periodically, or we may suspend your Account if there are concerns regarding security breaches or misuse of the Website and/or the Services. We reserve the right to change your Account Access Information after providing prior notice to you.

Please note that the above content has been written based on the provided information and is tailored to fit the format of headings and subheadings. However, it is always important to review and modify the content to align with your specific requirements and ensure its accuracy for your purposes.

8. Account Funds

8.1 Deposit Methods and Authorized Payment Solutions

If you wish to participate in our Services, you can deposit money through pre-approved payment methods available on our website or services. However, it is important to note that you must only deposit and receive money through the payment solution companies authorized by us, unless you have directly deposited money with us. Authorized payment solutions are not allowed to represent themselves as authorized to receive funds on our behalf without our prior written statement. Additionally, they cannot market, advertise, publicize, or promote our services without our written consent. For more information on depositing and withdrawing funds, including minimum and maximum deposit limits, please refer to the payment options page on our website or services.

8.2 Payment Method Verification

If you use a payment method for which you are not the account holder, we reserve the right to consider any deposit into the account as invalid until all relevant checks, as outlined in Clause 5.2, are satisfactorily completed. In such cases, any winnings resulting from such deposits will be void.

8.3 Sufficient Funds and Void Bets

We do not offer credit for bets placed on our platform. All bets must be supported by sufficient funds in your account. If there are insufficient funds to support a bet, we reserve the right to void the bet.

8.4 Charge-backs, Account Usage, and Administration Charges

In the event of charge-backs, reversals, or other charges related to your account, we reserve the right to charge you for the relevant amounts incurred. It is important to note that your account should not be used as a bank account. If we detect deposits and withdrawals without corresponding betting or gaming activity, we reserve the right to deduct an administration charge. Please be aware that funds deposited into your account will not accrue interest.

8.5 Handling Charges for Deposits and Withdrawals

Depending on the selected payment method, we may apply a handling charge on deposits and withdrawals to cover third-party transaction costs. If you are subjected to such a handling charge, we will inform you accordingly.

8.6 Reporting Winnings and Losses

According to your local law or tax regulations, you are responsible for reporting your winnings and losses arising from our services.

8.7 Crediting and Error Correction

All winnings from settled bets will be credited to the balance of your account. In the event that funds are credited to your account in error, it is your responsibility to notify us without delay. We reserve the right to void bets placed using funds credited to your account in error and to recover such funds by adjusting your account at any time.

8.8 Active Account Maintenance

It is your responsibility to actively maintain your account with us. To ensure an active account, you must log in and utilize our services at least once within any twelve (12) month period. If your account remains inactive for twelve consecutive months or longer, we reserve the right to close your account, and you agree to forfeit any outstanding balance and all claims against us.

8.9 Inactive Account Closure and Charitable Distribution

We will conduct an annual review of our customer database to identify any ‘inactive’ accounts where funds may still be available for withdrawal. If your account is identified as inactive, we will attempt to contact you using the registered details you have provided, such as telephone, email, or written letter. If we have been unable to establish contact with you within 12 months after identifying your inactive account, any outstanding funds held in your account will be set aside. Subsequently, your account will be closed, and the funds will be made available for distribution

9. Bet Acceptance And/Or Use Of Service

9.1 Placing Bets

To place a bet or access a service, you must be a registered customer and follow the instructions provided at the Help section. It is your responsibility to ensure the accuracy of the details of your bet or transaction in accordance with the relevant Betting Rules or Game Rules.

9.2 Bet Acceptance and Confirmation

A bet is considered valid only if you are a registered customer and the bet is placed from the jurisdiction of the recorded Internet Protocol Address. The acceptance and recording of a bet occur when it has been accepted and recorded by the gaming server in the jurisdiction where it is located. You will receive an electronic acknowledgement as confirmation of acceptance and recording.

9.3 Void Bets

If a bet transmission is disrupted or interrupted due to technical problems, it will be deemed void.

9.4 Bet Cancellation and Disputes

Once your bets have been placed, accepted, and recorded, you are not allowed to cancel or change them. We have no obligation to cancel valid bets. If you have a dispute regarding the placement of a bet, you should notify us before the finalization of its acceptance or before the event on which the bet has been placed occurs. We will investigate and resolve such disputes at our sole discretion.

9.5 Suspension of Betting

We reserve the right to suspend or prohibit further betting on a market at any time without prior notice. Any bets placed after the suspension or prohibition will be rejected.

9.6 Refusal of Bets and Account Suspension

We have the right to refuse any bet or suspend/close an account without explanation if we believe it may cause damage or loss, during the investigation of a breach of terms, rules, or privacy policy, or if a complaint has been filed.

9.7 Responsibility for Equipment Failure

We do not accept responsibility for equipment or telecommunication failures that prevent the correct placing, accepting, recording, or notification of bets.

9.8 Limitation of Liability

We are not liable for any damages or losses alleged to result from the use of the website or services, including delays or interruptions in operation, communication line failures, or misuse of the website or services.

9.9 Bet Deadlines

Bets will be accepted until the advertised deadline for a given event. If a bet is inadvertently accepted after the deadline, it will be voided.

9.10 Payment Requirements

Bets placed by credit or debit card are valid only after full payment has been received. If a bet is placed before payment in full, it will be automatically voided.

9.11 Sufficient Funds

To place bets, your account must have a positive funds balance exceeding the bet amount; otherwise, bets will not be allowed.

9.12 Price/Line Variation

Prices/lines displayed on the website may vary but become fixed at the time of bet placement. We reserve the right to change odds, prices, or any information on a bet type, market, or event without prior notice.

9.13 Maximum Bet Amount

The maximum bet amount varies based on the specific bet type and is subject to change at our discretion.

10. Collusion, Cheating, Fraud And Criminal Activity

10.1 Prohibited Practices

The following practices are prohibited: abusing bonuses or promotions, using unfair external factors or influences, taking unfair advantage, opening duplicate accounts, undertaking fraudulent practices or criminal activity.

10.2 Reporting Prohibited Practice

If you suspect someone is engaged in any prohibited practice, you should report it to our Customer Support team as soon as possible.

10.3 Prohibition of Participation

Users are strictly prohibited from engaging in any form of Prohibited Practice in connection with their use of the Services. This section highlights the importance of complying with the rules and regulations set forth by the platform.

10.4 Consequences of Prohibited Practice

If the platform has reasonable grounds to believe that a user has engaged in any form of Prohibited Practice, certain actions may be taken. These actions include the use of fraud, cheating, and collusion detection practices, as well as the investigation of suspected improper activities. In such cases, the platform reserves the right to withhold balances, recover deposits, pay-outs, bonuses, or winnings, and may suspend or terminate the user’s account.

10.5 Definition of Prohibited Practices

This subsection provides a clear definition of various Prohibited Practices to avoid any ambiguity. These practices include fraudulent activity, criminal activity, and gaining unfair advantages through exploiting faults, loopholes, or errors in software or using third-party software without authorization.

10.6 Fair Exercise of Rights

The platform assures users that, while complying with regulatory and legal obligations, any rights exercised in relation to Prohibited Practices will be done so fairly, taking into account the user’s interests and those of other customers.

10.7 Reporting to Relevant Authorities

In cases involving Prohibited Practices, the platform reserves the right to inform relevant authorities, online gaming or gambling operators, online service providers, and financial institutions. Users are expected to cooperate fully in the investigation of such activities.

Section 11: Account Closure; Termination of the Terms and Conditions

11.1 Withdrawal of Funds

Users may withdraw funds from their account if a sufficient balance is available, as per the guidelines posted on the platform’s website.

11.2 Account Cancellation by User

Users have the option to cancel their account by notifying the platform in writing. Once the account is canceled, any bets or requests made online with the account will be deemed void. Users are liable for any activity on their account until the official notification of account cancellation is received.

11.3 Consequences of Account Termination

Upon termination of the account, the platform is entitled to withhold funds from the outstanding balance under specific circumstances. These circumstances include collusion, cheating, fraud, criminal activity, breach of terms and conditions, and legal requirements.

11.4 Repayment Method

When repaying the outstanding balance, the platform will use the same payment method provided during registration or select an appropriate alternative.

11.5 Account Closure by the Platform

The platform reserves the right to close a user’s account and terminate the terms and conditions at its sole discretion. In such cases, the platform will refund the balance of the user’s account, subject to certain conditions.

11.6 Non-refundable Balance

If the account is closed and the terms are terminated due to collusion, cheating, fraud, or breach of terms and conditions, the balance of the account will be considered non-refundable and forfeited.

11.7 Suspension of Account

The platform has the authority to suspend a user’s account under specific circumstances. During the suspension period, no activity, including deposits, withdrawals, betting, or gaming, will be permitted. The platform will address the issue causing the suspension and work towards a resolution.