Betting Browser

General Rules

Cut-off time to accept and process bets (rule 2)

(1)

A bookmaker shall, subject to the provisions of the relevant legislation, close all betting on an event or a component within an event on which the bet is sought to be placed within thirty seconds after the event or component of the event has officially started, provided that where the event or component of the event is expected to last less than thirty seconds, betting shall be closed at the commencement of the event or component of the event.

(2)

In the event that a bookmaker makes use of an independent service provider to execute such a command or instruction on its behalf, the onus shall remain on the relevant licence holder to ensure that the provisions of sub-rule (1) are complied with.

Collection of winning bets (rule 3)

(1)

If any winning bet payable by a licensed bookmaker is not collected within a period of 90 days from the date on which the event or contingency, in respect of which such bet was placed, took place, such bet a shall be payable at the discretion of the relevant licence holder provided that the tax on such a bet has been paid.

(2)

The holder of a bookmaker licence shall, in a prominent position within its licensed premises or its website, if applicable, display a notice informing the public that winnings in respect of any bet must be claimed within a period of 90 days from the date on which the winnings become payable or such longer period as the bookmaker may allow.

Connected bet (rule 4)

(1)

If a connected bet is accepted the odds on that bet may be reduced by an amount agreed by the bookmaker and customer at the time the bet is struck.

Related bet (rule 5)

(1)

If a related bet is accepted it will be settled by equally dividing the stake unit where related outcomes clash.

Key bet (rule 6)

(1)

The odds for a key bet are calculated as a percentage of the bookmaker’s fixed odds win price, depending on the number of runners.

(2)

In the event of scratching and the race has four runners or less:
 
(a) Key bets that do not form part of an ATC, are void;
 
(b) Key bets that are included in the ATC will be recalculated by excluding the key bet leg.

(3)


A bookmaker laying key bet shall display his prices on a betting display indicator or his notice board.

Confidentiality of betting transactions (rule 7)

(1)

All betting transactions between a bookmaker and a customer or another bookmaker shall be strictly private and shall not be divulged to any third party other than an appointed officer, an inspector appointed in terms of the relevant legislation, a police official as defined in section 1 of the Criminal Procedure Act, 1977 (Act No. 51 of 1977), or a person specially authorised thereto in terms of any legislation, where this is done in terms of an order of a competent court or where the customer has consented thereto.

Void bets (rule 8)

(1)

In the case of a void bet the stake money shall be returned to the customer.

(2)

In the case of an invalid selection in a single bet, the bet shall be void.

(3)

In the case of a scratched selection in a single bet, the bet shall be void except if the bet was ante post bet.

(4)

In the case of an invalid selection and subsequent scratching in a multiple bet, the selection shall be ignored and the stake shall run onto the other selection in the bet at the price indicated on the ticket issued. These calculations are to be done at "Full Accumulative Multiple” odds.

Possibility to win (rule 9)

(1)

In all cases there must be a possibility for either party to win at the time the bet is made, failing which the bet or the affected selection, as the case may be, shall be void.

(2)

All bets on contingencies which have already arisen shall be void.

Bets after official start of a race (rule 10)

(1)

Bets placed contrary to Rule 2, shall be null and void, subject to the provisions of Rule 2.

Acceptance of bets (rule 11)

(1)

No bookmaker shall be compelled to accept any bet or any type of bet.

(2)

A cash bet shall be deemed to have been concluded once a bookmaker has issued a ticket to the customer in exchange for monetary value.

(3)

A credit or deposit account bet shall be deemed to have been concluded by a bookmaker when a bookmaker has indicated to the customer that the bet has been accepted.

Error (rule 12)

(1)

Where due to a mutual error the parties to a bet are not ad idem (in agreement) as to the odds at which the bet is struck, the amount of the bet or the contingency on which the bet is placed, that bet shall be void.

(2)

Where due to a unilateral (one-sided) error the parties to a bet are not ad idem (in agreement) as to the amount of the bet or the contingency or selection on which the bet is placed, the bet may be cancelled or renegotiated by the party that did not make the error.

(3)

Should there be an official correction of a price which had earlier been wrongly transmitted, all bets struck at that price are settled at the corrected price or starting price, whichever is the greater.

(4)

Should a bookmaker misstate any odds of a bet to a customer as a result of a computer malfunction the bet or selection will be deemed to have taken place on the correct price/s which were available in the general market at the time the bet was struck.

Settling (rule 13)

(1)

Bookmakers shall pay out winning bets as follows:
 
(a) in respect of horseracing after the "all clear” has been given;
 
(b) in respect of other sporting events or contingencies once the medal ceremony, prize giving or podium presentation has been concluded;
 
(c) subsequent disqualification, promotion of competitors, or any other change is irrelevant for the purposes of determining the betting result.

(2)

 
Settling of all other bets not previously paid shall take place on demand, save that:
 
(a) where a bookmaker has reason to doubt that a person who is the holder of a winning betting ticket is the person who purchased the said ticket, or where a bookmaker knows or reasonably ought to know that a person who is the holder of a winning betting ticket is not the person who purchased the said ticket, he shall require such person to furnish, in support of his or her claim for payment on the ticket, an affidavit setting out the grounds of the claim, and may thereupon withhold payment to such person until the expiry of 90 days calculated from the date upon which the winnings became payable, or such longer period as the bookmaker may allow;
 
(b) where a person who makes a claim for payment on a winning bet taken with a bookmaker, alleges that the winning betting ticket has been lost or destroyed, the bookmaker concerned shall require such person to furnish, in support of his or her claim for payment on the ticket, an affidavit setting out the grounds of the claim and the factors on which it is alleged the ticket was lost, and may thereupon withhold payment to such person until the expiry of 90 days calculated from the date upon which the winnings became payable, or such longer period as the bookmaker may allow;
 
(c) the bookmaker shall retain along with the records required to be retained in terms of the relevant legislation, all affidavits contemplated in terms of paragraphs (a) and (b).

Rules for other contingencies (rule 14)

(1)

In all betting relating to contingencies other than horseracing and sports the rules set out above shall apply with the necessary changes to all circumstances not specifically covered.