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Sportsbet Bet With Mates Terms & Conditions

  1. All Bet With Mates accounts are governed by the Sportsbet Rules, Terms and Conditions (Rules) and these Terms and Conditions.
  2. Bet With Mates is a product feature that allows Sportsbet customers to create a Group, pool their funds and bet on behalf of the Group.
  3. Bet With Mates is only available to customers with a valid Sportsbet account.
  4. Capitalised terms used in these Terms and Conditions have the meaning given to them in the Rules unless otherwise defined below.

 

The Bet With Mates Social Contract

  1. Importantly, it is solely the responsibility of the Group and its Members to decide, set and administer any particular Group betting protocols they see fit, including any betting limits imposed on Members (“Social Contract”). By using the Bet With Mates product, all Group Members acknowledge and agree that it is solely their responsibility to form the Social Contract in relation to the Group. The Group and/or Member(s) expressly acknowledge they have no recourse against Sportsbet nor the Northern Territory Racing Commission (and neither Sportsbet nor the Northern Territory Racing Commission will entertain or consider any complaint or dispute) in relation to any conduct by a Group Member which may be in breach of a Social Contract (including, without limitation, placing a bet, betting an amount in excess of any limit, or Cashing out a bet) on a Bet With Mates Group.  For the avoidance of any doubt, this condition 5 will apply whether or not a Group has agreed any Social Contract or not.


Group Creation

  1. To create a Group, customers will need to set the Buy-In and transfer the applicable amount of funds into the Group from their personal Sportsbet account.
  2. The customer who creates the Group will be an Admin.
  3. A Group must have at least two (2) Members (including the Admin) who have transferred the Buy-In. An Admin Activates the group when they are satisfied that all invited individuals have joined and transferred the Buy-In, after which they will become Members. All Members own an equal share in the funds held by the Group.
  4. To Activate the Group, an Admin must click on the ”start betting” button and the subsequent confirmation modal. Once Activated, no individual can be added as a Member.
  5. Duplicate Groups are not permitted. An Admin will not be able to Activate the Group if a Duplicate Group is detected.


Admin

  1. Each Group must contain at least one (1) Admin. If a Group has only one (1) Admin and that Admin exits the Group, the next Member who joined the Group will automatically be appointed the Admin.
  2. Once Activated, an Admin cannot remove a Member.
  3. If the Group has not been Activated, an Admin can close the Group and any funds transferred into the Group by a Member will be returned to their personal Sportsbet account (with the returned funds maintaining the status applicable to them upon being transferred into the Group (ie, withdrawable or non-withdrawable)).
  4. An Admin can request a Top Up, at which time the Admin and other Members are required to transfer the requested amount of funds into the Group from their personal Sportsbet account.
  5. Members who elect not to Top Up will be automatically exited from the Group, and their share of the funds within the Group will be returned to their personal Sportsbet account (with any portion of returned funds not turned over within the Group maintaining the status applicable to them upon being transferred into the Group (ie, withdrawable or non-withdrawable)).
  6. Once an Admin is satisfied that all Members who wish to Top Up have done so, the Admin can elect to Resume Group Betting.


Invitations and Joining

  1. An invitation to join a Group can be sent to any individual, but their ability to join is not guaranteed and will depend upon individual circumstances and Sportsbet account settings (if a customer).
  2. While Sportsbet provides the platform to facilitate group betting, an individual is not obliged to accept an invitation to join a Group and/or sign up to Sportsbet.

 

Members

  1. Each Member is entitled to an equal share of the amount of funds within the Group (including any winnings generated from pending bets).
  2. Members are not obliged to bet, Top Up or do any other act in connection with their participation in the Group.
  3. Funds added to a Group by a Member will count towards any deposit limits on their personal Sportsbet account.

 

Exiting the Group

  1. Members can exit the Group at any time for any reason.
  2. If a Member exits the Group, they acknowledge and accept that they will no longer be able to:
    1. participate in the Group or view any of their previous activity within the Group (including bet and transaction history); or
    2. view any future transactions or bets the group decides to make.
  3. If a Member exits the Group, they are entitled to an equal share of the amount of funds within the Group prior to exiting the Group (including any winnings generated from pending bets) with the funds returned to their Sportsbet account (with any portion of the returned funds not turned over within the Group maintaining the status applicable to them upon being transferred into the Group (ie, withdrawable or non-withdrawable)).
  4. Upon a short break being applied to a Member’s personal Sportsbet account, they will automatically exit the Group and are entitled to an equal share of the amount of funds within the Group prior to exiting the Group (including any winnings generated from pending bets) with the funds returned to their Sportsbet account (with any portion of the returned funds not turned over within the Group maintaining the status applicable to them upon being transferred into the Group (ie, withdrawable or non-withdrawable)).The Member will not be able to re-join the group at the completion of their short break.
  5. Upon a long break or permanent exclusion being applied to a Member’s personal Sportsbet account, they will automatically exit the Group and are entitled to an equal share of the amount of funds within the Group prior to exiting the Group (including any winnings generated from pending bets) with the funds returned to their Sportsbet account (with any portion of the returned funds not turned over within the Group maintaining the status applicable to them upon being transferred into the Group (ie, withdrawable or non-withdrawable)).

 

Betting Rules

  1. It is the responsibility of the Group to determine the operation of the Group with respect to betting turns, stake value, bet selection, Buy-Ins, Top Ups, Cash Out, promotions and generosity use and invitations to join.
  2. There are no set turns for bet placement within the Group meaning a Member can place a bet at any time and of any value provided that there are Group funds available (subject to any applicable Member and market limits) and each Member owns an equal share in all bets placed on behalf of the Group.
  3. It is a Member's responsibility to ensure they are correctly placing their bet selection with their Group or personal Sportsbet account. Sportsbet’s normal bet cancellation policy applies to Groups (See Rule 1.11.10).
  4. All bets placed by a Member will stand. A Member may not request to cancel a bet made by another Member.
  5. Live Betting and Betting-In-Run (Racing) is unavailable for Groups.
  6. If Cash Out is available, it may be performed by any Member regardless of whether or not they placed the relevant bet. Sportsbet is not responsible for any Member’s decision to Cash Out. The Member responsible for deciding to Cash Out will not be viewable within the Group


Dispute Resolution

  1. Any Dispute which may arise in relation to a bet placed by a Group will be handled in accordance with Rule 1.14 of Sportsbet’s General Rules, Terms and Conditions (‘Dispute Resolution’). For the avoidance of any doubt, a Dispute may be lodged by any Member of a Group in relation to a Group bet. 

 

Group Limits

  1. An individual may not participate in more than ten (10) Groups at a time.
  2. An individual may not create and/or join more than three (3) Groups per day.
  3. A Group may not consist of more than one hundred (100) Members (including the Admin).

 

Reservation of Rights

  1. Sportsbet reserves the right to remove Members and/or an Admin from a Group at any time for any reason without notice or explanation.
  2. Sportsbet reserves the right to close any Group at any time for any reason without notice or explanation.
  3. Sportsbet reserves the right to determine that a Group is ineligible to receive promotions or generosity.
  4. Sportsbet reserves the right to prohibit an individual from joining or participating in a Group any time for any reason without notice or explanation.
  5. Sportsbet reserves the right to refuse any bet (or part of a bet) of a Group at any time for any reason without notice or explanation. The reasons Sportsbet may refuse a bet (or part of a bet) of a Group include:
  6. a Member is or may be less than 18 years of age;
  7. a Member is or may be betting on behalf of a person who is less than 18 years of age;
  8. a Member is or may be in breach of the Rules or these Terms and Conditions;
  9. a Member is or may be in breach of any applicable law; or
  10. a Member's proposed bet would (in Sportsbet’s absolute discretion) present an unacceptable liability risk to Sportsbet’s business.
  11. Sportsbet reserves the right to share a Group name and activity for marketing purposes.
  12. An individual’s ability to join a Group is not guaranteed and will depend upon their circumstances and Sportsbet account settings (if a customer).

 

Privacy

  1. Sportsbet cannot provide information about other Member's personal Sportsbet accounts.
  2. Sportsbet cannot provide information about any activity of a Group after a Member has exited the Group.
  3. An admin (not Sportsbet) is responsible for sending an invitation to join a Group to any individual and accordingly must, before sending the invitation, take care to ensure that individual has consented to receiving this type of communication from them.
  4. Sportsbet will otherwise operate and manage the Bet With Mates product in accordance with its Privacy Policy.

 

Defined Terms

  1. Capitalised terms used in these Terms and Conditions have the meaning given to them in the Rules unless otherwise defined below:

 

Activate refers to the action taken by an Admin to allow Group to start betting. This is done by clicking the ‘start betting’ button and confirming that the Group is ready to bet;

Admin means an administrator of the Group;

Buy-In means the amount each Member must contribute to join the Group. The Buy-In is determined by an Admin in accordance with these Terms and Conditions;

Duplicate Group means a Group with an identical set of Members;

Group means the social betting group created by the Admin within the Bet With Mates product;

Member means any person who becomes a member of a Group, including Members and Admins;

Resume Group Betting refers to the action taken by an Admin to end a Top Up period and allow the Group to continue betting. Members who have not Topped Up when an Admin ‘Resumes Betting’ will be exited from the Group.

Top Up means the amount of funds that each Member must contribute to continue betting for the Group. The Top Up amount is determined by an Admin in accordance with these Terms and Conditions.

 

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