TERMS AND CONDITIONS

INTRODUCTION

1.1 Initial provisions

• 1.1.1.The company Championbet (hereinafter referred to as “the company“) operates the sports betting website www.championbet.et (hereinafter referred to as “internet sportsbetting“).
• 1.1.2. This Terms and Conditions for operating the internet sportsbetting is binding for any legal relationship between the client and the company. The ignorance of the Terms and Conditions doesn´t make the bet invalid.
• 1.2 Definition of terms
• 1.2.1. Client – means an individual person participating in the internet sportsbetting, who has registered in the system of the company and reached the age of 25.
• 1.2.2. Internet sportsbetting – for the purposes of these terms and conditions the bets mean the internet sportsbetting that a client participates in upon having paid the stake via the internet. The bets are placed via a public server enabling remote access for an unlimited circle of persons in the internet network. The internet sportsbetting is a type of game, where winnings are subject to guessing right sports-related outcomes or placings in sports competitions and races, or guessing right outcomes of other published events or facts of public interest. Winnings or losses are decided by chance or previously unknown circumstances or events, sports-related or other events of public interest unless being in contrary to ethical principles. The payout is directly proportional to the winning odds in which the bet was accepted and the stake. Bets will only be accepted for those betting opportunities which the company has published odds for. The odds of any published betting opportunities shall correspond to the odds valid at the moment when the bet is accepted; the company reserves the right to change the odds, which means that the odds published on the internet do not necessarily have to be the current odds. Stake – the sum of money that the client pays before the moment of bet placing.
• 1.2.3. Stake – the sum of money that the client pays before the moment of bet placing.
• 1.2.4. Bet placing – the moment of the bet placing means the time, when the bet is registered to the database in the central server of the company. This is subject to the condition that the sum available on the client´s account at the moment of the bet placing is at least the same as the total stake of the bet.
• 1.2.5. Betting opportunity – means a certain fact with a previously unknown outcome that is potentially contained in a betting event. It is a sport related event or another event that has been selected by the company and has been published on the www.championbet.et website. A betting opportunity contains selections (tips) that represent possible outcomes.
• 1.2.6. Bet selections (tips) – in case of a the betting opportunities symbols are used to identify betting selections (tips), for example:

1	Home win
1X	HOME WIN OR DRAW
X	DRAW, DRAW MEANS NO TEAM WINS, RESULTS 0:0, 1:1, 2:2
2X	AWAY WIN OR DRAW
2	AWAY WIN
12	NO DRAW, ONE OF THE TEAMS WILL WIN AND THERE WILL BE NO DRAW
1-4	FINISHING IN THE FIRST FOUR
2:1	EXACT MATCH RESULT (E.G. 2:1)
W	WINNER
HOME	HOME WIN
DRAW	DRAW
AWAY	AWAY WIN

• 1.2.7. Types of betting opportunities – the company can publish odds of betting opportunities on victory, placing and advancing of an individual or a team in one-off sports competition or of a long term character sport competitions or facts directly related to the outcome or the process of sports, social and other events.
• 1.2.8. Odds – means an expression of the probability that the bet selection (tip) will be successful. The odds are valid at the time of bet placing and are binding for both parties, regardless of its later changes. Except when rule 3.7 applies.
• 1.2.9. Payout – represents the real money winnings, that the client will obtain in a case that all betting opportunities selected (tiped) by the client are successful and that the client determines correctly all official results. Payouts may be reduced according to the respective provisions of these terms and conditions.
• 1.2.10. Official results – means a result of a betting opportunity published by the company that was obtained from official sources.
• 1.2.11. Evaluation of bets – is a reflection of the official results in the bets with the aim to determine winning bets.
• 1.2.12. Ticket – is an electronic record of a placed bet stored in the database of the company in the central server. Due to the limited number of characters on one line of the ticket that is reserved for the display of a betting opportunity, team names, competitor names, etc. are shortened. Following data are displayed on the ticket: specification of the betting opportunity, stake, odds, selections (tips), and the date and time of placing the bet with the accuracy of one second.
• 1.2.13. Account – means the client´s account, that was created by the company upon registration and where all financial operations are recorded (mainly deposits, withdrawals, bet statements).
• 1.2.14. Application – is a computer application on the company website, through which client´s bets are placed.
• 1.2.15. Supportive betting markets – equal betting markets or betting markets that mutually support each other in a direct or indirect way, for example:
• – Bets on the placing of a racer (team) together with a bet on the victory of the same racer (team) in an individual match of the same competition
• – The placing of the same racer (team) in various positions (“V“,“1-2“.1-3“,etc.) within one sports discipline race.
• – Bets on the outcome of the completed game together with a bet on advancing in the tournament of the same team.
• 1.2.16. The application will notify the client about any supportive bets and will not allow them to be placed. If by mistake such bets will be placed, only the highest odds of the supportive opportunities will be taken into account for the purposes of the payout and the other odds of the supportive opportunities will be void (odds 1,00).
• 1.2.17. LIVE Bet – on some predefined betting opportunities the company can decide to accept bets during the match or race. Odds on this opportunities are continuously modified and are valid always at the time of the bet placing.
• 1.2.18. Betting office/betting shop – means a permanent establishment of the company, used for placing bets, registration of the clients, deposits into accounts, and possible money withdrawals from the account.
• 1.2.19. Currency – The only accepted currency for betting is Ethiopian Birr „ETB“.
• 1.2.20. Points – These points are only credited by company. Company determines the conditions for crediting points and also determines the conditions for converting them into real money in the customer’s account. Company reserves the right to change these conditions at any time. Points cannot be withdrawn from a customer’s player account. In order to convert points to real money, the following conditions must be met. If these conditions are not met, it is not possible to convert these points into real money in the customer’s account.
• A ticket that is bet for points must contain at least 4 bet selections (tips) all with odds of 1.5 or higher.
• 1.3. Terms of participation in the bets
• 1.3.1. Only persons older than 18 years are allowed to participate in sportsbetting and to place bets. The client confirms that he is familiar with the terms and conditions, that he agrees with his personal data processing, and will not enable third party persons to access the internet sporstbetting.
• 1.3.2. In case the company will detect the violation of the rule above (1.3.1) of these terms and conditions, the company is authorized to suspend any payouts and withdrawals and to void any bets.

2. TYPES

• 2.1. TYPE OF BETS
• 2.1.1.AKO bet – is a bet that consists of one or more betting markets at the same time. The final odds in an AKO bet is the result of the multiplication of all selected odds of all betting markets on the ticket. The final odds are always rounded to two decimal places. When the third decimal place shall be the number 5, the final odds are rounded up (e.g. 3,125 will be 3,13). The ticket is considered a winning ticket only when all betting markets are correctly predicted.
• 2.2. Type of tickets
• 2.2.1. Prematch Ticket – is a ticket that consists of one or more prematch bets.
• 2.2.2. Live Ticket – is a ticket that consists of one or more Live bets.
• 2.2.3. Mix Ticket – is a ticket that consists of a combination of one or more live bets and one or more prematch bets.
• 2.3. TYPE OF BETTING MARKETS
• 2.3.1. Betting markets with two possible outcomes (e.g. tennis, volleyball).
• 2.3.2. Betting markets with three possible outcomes (e.g. football, ice hockey).
• 2.3.3. Betting markets on victory or placement of individuals or teams (e.g. Formula1).
• 2.3.4. Other betting markets – it is possible to use, among others, the following types of betting opportunities on tickets: the bet on an exact outcome, the bet on placing, the bet on the course of a match, the bet on the first set, the bet on handicap, etc.
• 2.3.5. LIVE betting markets – means betting opportunities on a sports match for which it is possible to accept bets during its course. They are marked as “Live Betting” in the offer of the company. Live Betting may not be cancelled after the bets are placed.

3. BETS AND ODDS

• 3.1. General rules
• 3.1.1.Odds are determined as values subject to change. The company reserves itself the right to change any odds after a bet was placed.
• 3.1.2.The odds are published on the website www.championbet.et. When odds have been changed, those registered in the database of the central server are considered valid.
• 3.1.3.Stake – the minimum stake amount for an AKO bet is 1.00 ETB („Ethiopian Birr“). For individual type of bets, the company is allowed to determine a higher amount of the stake and shall publish information concerning this change. The maximum stake is limited to the maximum payout (see below), if the company will not restrict the maximum stake for certain type of bets differently.
• 3.1.4. Number of betting markets – a client can select a maximum 50 number of betting markets in an AKO bet.
• 3.1.5. Payout limits – the maximum payout is limited to 1,000,000.00 ETB for an AKO bet.
• 3.1.5.1. Winnings exceeding this limit will not be paid out and the client shall not be legally entitled to the payment of such a winning.
• 3.1.6. The company reserves itself the right to determine the beginning and the end of the accepting of bets with respect to the time when the announced betting opportunities are expected to begin. It is exclusively within the authority of the company to change the time when bets are stopped being accepted and the end of the accepting of bets is determined for no later than the beginning of the time when a betting opportunity takes place. This shall not apply for a Live Betting.
• 3.2.Placing a bet
• 3.2.1. Bets are placed in betshops or via online application after a valid username and password have been filled. By clicking onto odds available in the sportsbook, the selection is added to the Bet Slip. After entering the stake, the Bet Slip can be either saved or placed. In some cases, a bet can be subject to authorization. The client will be notified about it with a message. This bet can be either placed, rejected or the amount of the stake can be changed. When the stake is changed, clients can decide whether to place the bet or not with the changed stake. It is not possible to cancel a bet when betting online. It is possible to cancel a bet in the betting shop within 5 minutes of closing the bet and only in cases where none of the betting events has started.
• 3.2.2. Because of a revision, a financial and bet statement is provided to all clients in their accounts. A bet is placed only when it appears in this statement. In case of a dispute about the time of the bet placing, the data stored in the database in the central server are decisive.
• 3.2.3. For security and identification reasons every client has its own user name and password. Clients have to use their user name and password upon every login to the application. To ensure increased security, every client is allowed to change his password. It is the responsibility of the client to protect his password from a misuse of any unauthorized persons.
• 3.2.4. Number of bets placed by one client is not limited, but upon placing another bet the conditions of a bet might have changed (odds change, rejected bet, etc.)
• 3.3. Deposits and withdrawals from the account
• 3.3.1. Deposits to and withdrawals from the account can be done in the betting offices/branches of the company only.
• 3.3.2. One client is allowed to have only one account, currency of ETB.
• 3.3.3. Only ETB currency is accepted for deposits.
• 3.4. Official result and bet settlement
• 3.4.1. The company draws official results from official sources and can publish them on its website. In a case that a published official result is incorrect, the right of the client to claim the winning is not affected as long as the client correctly determined the result of the outcome.
• 3.4.2. In an event with a previously determined playing time (e.g. football), the official result is considered to be the one that was achieved on the playing ground, if these conditions are met: the match was properly played to the end within the whole playing time determined for if (from the 1st minute, without any extra time, penalty kicks, etc.) and it was properly ended.
• 3.4.3. In a case that an event is not completed, only bets were the outcome of the bet is unambiguous at the time of the suspension will be settled (e.g. half time result, team to score a goal, number of goals, etc.)
• 3.4.4. Own goals are not taken into account for settlement purposes in the “anytime goalscorer“ bet type.
• 3.4.5. Qualifications are considered to be a part of the main race. Therefor if a competitor (or a team) take part in the qualification, but doesn´t qualify for the main race, bets placed on the placement in the main race are considered lost.
• 3.4.6. Bets on tennis are not considered void if the event is taking place on a different surface that was assumed.
• 3.4.7. If a match ends in the standard playing time and thereafter is forfeited (due to disqualification, doping, etc.) or is replayed, the result achieved on the playing ground is applied. For the bet type “to qualify“ (e.g. cup games) the final verdict of the competent authority shall apply, but only if a protest is submitted (or other fact that can have a possible impact for this bet type) before the winnings are started to be paid out. Similar procedures are applied in events where the playing time is not predetermined. Any further score change will not be considered.
• 3.4.8. In the event that a match or competition takes place for more than 3 days from the original published start, the company reserves the right to cancel bets placed on that match or competition. In case the event starts before the originally scheduled date or time, all bets placed before the actual start will stand. Bets placed after the actual start of the match are refunded (odds 1.00).
• 3.4.9. In case a baseball game is for whatever reason not being played at the day published on the offer, all bets are void. If two teams are playing two games in a row in one day, the subject-matter of the bet shall always be only the first one.
• 3.4.10. Retirement or disqualification of a listed (odds were published) competitor or a team (e.g. Formula 1) in an event makes the bet lost. If a competitor or team does not participate in the competition at all, bets will be refunded (odds 1.00).
• 3.4.11. Evaluation of tennis betting markets – tiebreak or super tiebreak counts as one game. Super tiebreak is counted as one set.
• 3.4.12. In case one of the players retired, for example in a tennis match, all betting selections for which the result is already known are evaluated. Other bets, including the bet on the winner of the match, will be refunded (odds 1.00).
• 3.4.13. A complaint directed against any obvious inaccuracy in the published outcome shall be acknowledged. In such case payouts according to the right result will be initiated as soon as the result will be corrected.
• 3.4.14. After the official result was announced and a protest settled, no other corrections of outcomes (proved doping, etc.) will be taken into account.
• 3.4.15. If a race event is interrupted or shortened (e.g. Formula 1), the achieved outcome and the overall placings as they were determined by the authorized body (except for predefined playing time events) shall be applied.
• 3.4.16. If more than one race is taking part in one place in a short time period, the subject-matter of the bets shall always be the first realized race.
• 3.4.17. If a minor error has occurred while entering betting markets into the application such as wrong name of a competitor, team or competition, all bets remain valid if this mistake does not mislead the client with the nature of the bet.
• 3.4.18. In the case of LIVE bets, the official result is the result published by the company. Bets, which will not be able to evaluate of bets will be considered invalid and therefore will be refunded (odds 1.00).
• 3.4.19. In case there is an obvious odds error (odds displayed are different by more than 0,8 to the market average), bet will be evaluated in the odds 1.00.
• 3.4.20. Goalscorer bets (First goalscorer, Anytime goalscorer, Last goalscorer) are only valid if the player is in the starting lineup. Non fielders, bench players and substitutes will be refunded (odds 1.00).
• 3.4.21. The company reserves the right to temporarily suspend or permanently close any betting account if it suspects any form of fraudulent activity or irregular betting patterns. Suspicious activities may include, but are not limited to:
• 3.4.21.1. Placing bets with the intent to exploit errors (e.g., technical problems, typographical errors, incorrect odds, or system malfunctions) or omissions in the betting market.
• 3.4.21.2. Using automated systems (e.g., bots) to place bets.
• 3.4.21.3. Colluding with other bettors to manipulate the market or outcomes.
• 3.4.21.4. Placing a high number of identical bets in a short period.
• 3.4.21.5. Involvement in match-fixing or any attempts to influence the outcomes of sporting events.
• During the investigation period, the company may withhold any funds in the account. If fraudulent activity is confirmed, the account will be permanently closed, and all bets placed during the period of suspicious activity will be voided with no payouts. Furthermore, the company retains the right to report such activities to the relevant regulatory authorities and cooperate fully with any investigations. The decision of the company in such matters is final and binding.
• 3.5. Claim of winnings
• 3.5.1. Clients are eligible for the winnings if all conditions below are met:
• 3.5.1.1. The outcome of the bet was correctly determined.
• 3.5.1.2. In a case of AKO bets, all bets are correct.
• 3.5.1.3. The Terms and Conditions have not been violated in any way.
• 3.5.2. The total winnings will be reduced on all bet types on placement of a team or individual if two or more end on the same place. The total win of the bet shall be divided by the number of the teams / individuals ending in the same position.
• 3.6. Payouts
• 3.6.1. Payouts will begin as soon as the company publishes the official results of all bets on the ticket.
• 3.6.2. If the winning amount is not available, the company sets a deadline of 30 days for making the payments. This time period begins when the last bet on the ticket is evaluated. The bet stored in the database in the central server of the company that has been evaluated as correct is decisive for the assessment of the entitlement to the winnings.
• 3.6.3. In case a payout is credited by mistake to client’s account (e.g. due to an incorrect result) the company reserves the right to deduct this payout from the account without the client’s permission. If this leads to a negative balance on the client’s account, the client is obliged to deposit required amount of money in order to have a positive balance on the account again./li>
• 3.7. Refund of bets
• 3.7.1. Bets shall be refunded and considered invalid and void in the following cases:
• 3.7.1.1. If a match with predefined playing time, or other predefined criterion (number of sets, etc.) is not played or is cancelled before the regular end due to unpredictable circumstances, such as mist, electricity failure, audience behavior, etc. Bets on all occasions are void and will be refunded (odds 1.00), except for bets where the result is known (for example, “Who will score the first goal”).
• 3.7.1.2. In case the home team is wrongly identified (e.g. in a football game). In this case all bets will be void regardless to the outcome. This rule does not apply when event is taking place on a neutral ground. Also, when an event is taking part “behind closed doors” with no audience.
• 3.7.1.3. When a betting market is entered incorrectly by the company or when the entering has lost its meaning due to “force majeure” (a change in the rules of the competition, etc.), it shall be considered void and the bet shall be refunded (odds 1.00).
• 3.7.1.4. The event is not played within 3 days after the original scheduled start. In this case, all bets are void and will be refunded (odds 1.00).
• 3.7.1.5. Bets on the better placing bet type are refunded when both of the competitors will not classify or will end in the same place.
• 3.7.1.6. If the bet is placed after the official start of the game. This rule does not apply for LIVE bets.
• 3.7.1.7. If the company set incorrect goal line, handicap line, etc.
• 3.7.2. AKO bets bets are considered invalid when all bet selections are invalid. In other cases AKO bets remain valid and all invalid selections will be eliminated from the bet and the winning (if any) shall be calculated without the odds of these betting opportunities that will be void (odds of 1,00).
• 3.7.3. A bet was by mistake of the company placed on an event where the outcome was know in advance or was influenced by the organizer of the sports event, the client, or other persons.
• 3.7.4. A Live bet was by mistake of the company placed on an live event where the outcome was knows in advance or was influenced by the organizer of the sports event, the client, or the other person.

4. CLAIMS AND COMPLAINTS

• 4.1. Clients have the right for a claim or complaint and the company is obliged to investigate those complaints and within one month notify the client with the result of the investigation. Complaints regarding misunderstanding the subject of the bets or incorrect identification (identical names, shortcuts, etc.) will not be considered. In any other cases that are not covered by these Terms and Conditions, the company reserves the right of the final decision that clients must comply with. The following e-mail address is dedicated for claims and complaints: info@championbet.et

5. FINAL PROVISIONS

• 5.1. Clients are required to follow these Terms and Conditions, as well as any other generally binding regulations applicable to the participation in the online sportsbetting. If placing bets is not available due to unusual circumstances, the company is not liable for any damages that clients might claim..