F e e d b a c k

BETMUL

Activity Rules

Introduction
  1. Betmul is a pari-mutuel betting portal among registered users, which allows them to create bets in any topic in a variety for formats and structures ("User Bets").
  2. The Site may also create bets on any topic in a variety of formats and structures ("Betmul Bets").
  3. At no point Betmul takes responsibility for the administration or creation of User Bets. Betmul's service is to serve as a platform through which a registered user creates a bet and defines its topic, the prospective results, and other rules and specific conditions. It is the bet creator's sole responsibility to create a clear and complete bet that persuades others to participate in them. The Site provides guidelines and recommendations through the bet creation process.
  4. All bets have a moderator. The moderator can be a registered user or the Site. By default, the creator of the bet is at the same time its moderator. The creator of the bet may request another registered user to serve as the bet's moderator. Such request may be accepted or rejected. If it is rejected, the creator may propose another registered user to become the bet's moderator. If it is accepted, the proposed registered user becomes the bet's moderator. The Site may as well accept or reject a moderation proposal. When a bet has been published the moderator cannot change. In all Betmul Bets, the Site is the moderator by default.
  5. User Bets' creators will comply Betmul's policies, the Activity Rules and User Agreement.
About the bets
  1. You never bet against Betmul. You bet against other registered users.
  2. Users are strictly forbidden to created, suggest or associate any bet placed about the Site and which involves Betmul's users or interface.
  3. As registered user, you accept the exclusive responsibility when creating or participating in a bet. Betmul does not confirm nor guarantees the validity, truth or precision of any bet's content, its resolution or any other information posted on the Site.
  4. You must have available funds to participate in a bet. If you do not have available funds, you may participate in free bets with Betmul just-for-play credits.
  5. A bet will be considered null if not finalized.
  6. You may place a bet in any prospective result. They shown payout is for informative purposes only and may fluctuate. The payout is fixed at the bet's closing time, which is when further betting is no longer allowed. If a placed bet is entered after the event relating to the bet has started, Betmul reserves the right to partially or totally annul them.
  7. At the bet's resolution, the amount wagered by all participants is split among that or those who wagered for the winning result. The pot is split among participants in the winning result in the same proportion of their bet in relation to the total amount wagered to the winning result.
  8. If there is no winning result of a Betmul Bet, remnants will be split among users. Such remnants may be less than the money initially wagered. You waive Betmul of responsibility for such cases.
  9. If there is no winning result of a User Bet, users will have to follow the dispute resolution methods explained in further detail in the clause "About disputes".
  10. If the integrity of the event related to a Betmul Bet is questioned, Betmul reserves the right to annul all bets relating to that event. Betmul will reimburse participants the wagered amounts that were entered into the bet minus applicable commissions.
  11. If the integrity of the event related to a User Bet is questioned, it is to the creator's, moderator's and participant's responsibility and discretion to reach a common understanding to resolve it.
  12. You declare you have neither insider knowledge nor privileged information regarding the outcome of the event related to the bets you participate in. If Betmul finds out you've had privileged information regarding the event's outcome, we reserve the right to annul all your bets.
  13. Betmul reserves the right to reject any bet at its sole discretion.
  14. You agree you are exclusively responsible for all information you provide when using our Site.
  15. You may not withdraw, change or cancel bets once they have been entered.
  16. We reserve the right to modify the time period in which the bet remains open and we may prematurely close any bet at any time and without notice or justification.
  17. Prior to entering the wager in a bet, all wagers are temporarily entered into an order book. In it, bets are placed on hold until the conditions to enter the bet(s) are fulfilled. If wagers can not be entered in the bet, wagered amounts will return to their holders' accounts with no commissions deducted. Commissions on wagered amounts that go to the multilevel matrix and the bet's creator are charged when the wager enters the bet.
  18. Betmul reserves the right to remove, suspend of delete User Bets which breach or may breach any applicable law, User Agreement or Betmul's principles, even if such laws and principles are not published in our Site.
  19. Betmul may, at its discretion, take action regarding bets, including but not limited to:
    • a. Cancel a bet;
    • b. Limit a user's right to create, edit, or participate in bets;
    • c. Modify the bet's closing and/or resolution date;
    • d. Edit a bet's content;
    • e. Suspend or close an account;
    • f. Modify the comments and reviews regarding a registered user.
  20. Betmul does not review the contents of the User Bets nor gets involved in the betting activity among users. All wagers are placed under sole risk and consideration of the register user that places them. Although our support team may occasionally aid in a bet's writing and setup process, or even serve as a bet's moderator, we do not grant any certification, implicit or explicit, about the nature or result of the bets, including:
    • a. The quality of the bets; or
    • b. The veracity or precision of results; or
    • c. The veracity or precision of any content posted by Betmul's registered users.
About the bet's creator
  1. It is the bet's creator responsibility to specify the rules and contents for User Bets. The required fields and suggestions are provided in the bet creation interface.
  2. Once published, the content, specifications, rules, prospective outcomes, resolution method and moderator cannot be modified.
  3. The creator will receive a commission as the bet is resolved, depending on the bet's resolution process.
  4. The creator might participate in bets created by them unless they are also the bet's moderator. An exception to this rule is detailed below, in the "About the moderator" section.
  5. The creator accepts to submit itself to a review and score process in which all bet's participants rate the creator's role under a set of criteria. That rating will update with the weighted scores of all reviewers and will be made public.
About the moderator
  1. The moderator is who decides the winning result (or outcomes) of a bet. The Site will notify the moderator when the must take action. The moderator picks a result that better adapts to the commonly agreed-upon conditions of the bet's participants.
  2. After the resolution date, the moderator must pick the result (our outcome) that better fits the specific bet.
  3. The moderator cannot participate in a bet unless the resolution method is by transfer, detailed below.
  4. The moderator accepts to submit itself to a review and score process in which all bet's participants rate the moderator's role under a set of criteria. That rating will update with the weighted scores of all reviewers and will be made public.
  5. If there is uncertainty relating to a bet or the bet's creator unwillingly omitted a rule materially relevant for the fair and efficient resolution of the bet, the moderator is authorized to execute its best judgment.
  6. Participant users agree to accept without recourse, reclamation or complaint the moderator's resolution.
  7. Betmul reserves the right to query the moderator's decision. If a moderator's action, to Betmul's sole discretion, is deemed unfair, biased, illegitimate or contrary to User Agreement, its terms and conditions, and other related regulations, we may:
    • a. Issue a warning to the moderator;
    • b. Remove or indefinitely suspend their moderating rights;
    • c. Freeze available funds in its account;
    • d. Withdraw funds that relate to illegitimate bets;
    • e. Suspend or close its account.
About the resolution methods
  1. Betmul reserves the right to take a final decision on any bet.
  2. There are three general resolution methods on Betmul. The resolution methods relate to the way the winning result (or outcome) is picked and how the consequent transfer of wagered amounts from losing participants to winning participants is performed:
    • a. Moderator decides: whoever performs as moderator, being this a registered user or Betmul, decides the winning result of a bet. The total available wagers are transferred to the registered users that have bet in favor of the winning result. All bets where Betmul is the moderator will be resolved and executed through this resolution method.
    • b. Transfer: the moderator proposes a result as the winner. Participating users may accept the proposed result. If they accept it, the wagered value is shared among the registered users that backed the proposed outcome.
    • c. 60%/100%: moderator proposes a result as the winner. Participating users may accept the proposed result. If a result receives more than 60% of the total amount wagered on that bet, then the total available wagers are automatically transferred to the proposed result and shared among participants that backed it.
  3. All winnings of Betmul Bets will be transferred when the final result of a bet is confirmed.
  4. All winnings of User Bets may be transferred after the resolution date.
  5. All remnant values (those waiting to be credited to a result) after 360 days counted from the resolution date, will stay in Betmul's favor.
  6. The resolution method will be clearly stated in every bet. Once published, the bet's resolution method cannot change. Betmul does not accept any responsibility for the efficient, just or correct execution of any of the resolution methods or their suitability for the particular bet's dynamics and content.
  7. Betmul is not responsible for any dispute that may arise from the action or omission of any moderator or participant user, including the decisions taken by a registered user that performs as moderator or Betmul through one of its team members.
  8. Betmul will procure through reasonable means that bets are resolved swiftly; however, Betmul gives no security as to the time frame in which bets will be resolved.
About the multilevel referral matrix
  1. By registering, you irrevocably participate in Betmul's multilevel referral matrix, which you accept and understand in its integrity.
  2. The referral matrix allows you to refer and encourage individuals to register in the Site. If upon registration, those individuals indicate you referred them to the site then a permanent link is created between you and the new registered user. Such link serves to execute unidirectional transfers, from referred registered user to referee registered user, which correspond to the commission to the multilevel referral matrix. You earn commissions, in varying percentages and proportions, for up to the registered users referred by the registered users you refer. Registered users referred by you are considered to be first degree referral links, while the referred users referred by them are considered your second degree referral links.
  3. You understand and agree that all commissions are calculated and executed due to the activity the registered users conduct on the Site; particularly, they are calculated based on the money they wager and the money they earn after winning particular bets.
  4. You agree to share the information on the commissions you generate to users linked to you as their first and second degree referral links. You understand that that and other information may give an approximate estimate of your betting activity and that such spreading does not breach Betmul's Privacy Policy.
  5. You may visualize, at any time, which registered users are linked to you on a first and second degree referral links basis. Furthermore, you may visualize which registered user you are linked to on a first degree referral basis.
  6. Betmul does not take responsibility if a user you invited to register for the Site and thus link to you fills the registration form incorrectly and thus doesn't establish a link with you.
  7. You are exclusively responsible for the invitations you direct to third parties, being these registered users or not. Invitations to participate in any of the services provided by the Site or a particular bet must always be directed towards individuals who are at least 18 years old and legally capable under applicable law. Betmul is not responsible for the correct or incorrect use a user gives to the invitations interface.
  8. You may consult the commissions the Site deducts and how they are channeled by contacting our Customer Service Department. Any type of information provided by our agents is merely as a recommendation and advice. Our agents' recommendations may never contradict Betmul's policies, Activity Rules, User Agreement and other terms and conditions. The commissions and they way they are channeled may change without notice and to Betmul's exclusive discretion, which the user explicitly accepts.
About the order book
  1. All bets carry a computerized order book. The object of the order book is to enter a wager into a bet only if the individual wagers comply all of Betmul's policies and requisites. The order book is a transactional record of all wagers placed in a particular bet. When making a wager, it is temporarily placed in the order book. Wagers in the order book are not definitely entered in the bet, but are placed on temporary hold. When all conditions for two or more wagers to enter the bet, all eligible wagers are automatically filled.
  2. You understand and agree that making a wager constitutes an irrevocable binding compromise. No wager can be withdrew, revoked or denounced once entered into the order book and/or definitively into the bet.
  3. Wagering, and this placing your wager into the order book, does not constitute a warrant to enter the desired bet.
  4. All individual wagers will be placed in hold until they can be definitely entered into the bet or the bet's closing time, whichever happens first.
  5. Wagers in the order book do not originate commissions of any kind. If your individual wager is not filled (or entered into the bet) until the bet's closing time, suspension or termination, you will be refunded the pending wager. Likewise, in the case of your account's cancellation or suspension, you will be refunded any values pending in the order book.
  6. To learn about Betmul's requisites and policies regarding the order book's working, please contact our Customer Service Department. Any type of information provided by our agents is merely as a recommendation and advice. Our agents' recommendations may never contradict Betmul's policies, Activity Rules, User Agreement and other terms and conditions. The commissions and they way they are channeled may change without notice and to Betmul's exclusive discretion, which the user explicitly accepts.
About the Bet Trading
  1. Registered users who are participating in a bet may place their individual wager for sale at any time prior to the resolution time, as long as their wager is definitely entered into the bet (in contrast to being on hold in the order book).
  2. Selling participant users sell their prospective rights over the money generated if the result (or outcome) they backed with their wager wins. Buying participant users, to become after the trade in participating users, buy the prospective rights over the money generated if the result (or outcome) backed with the traded wager wins. The bet's total wagered amount does not change with the transaction; what changes is the holders of the prospective rights of the wager.
  3. The wagers trade might be partial or total. However, the value of the trade could be less or more than the initial wager, to the exchanging parts' exclusive criterion and satisfaction.
  4. The wager buyer must pay the seller the value it asks for the trade plus any applicable commission. The total amount will be deduced from the buyer's account, and the applicable amount credited to the seller's account. The buyer must have enough funds in its account to execute the transaction.
  5. Betmul only provides a wager trading platform to its registered users through this wager trading (or "Bet Trade") service. Betmul has is not responsible for the trading transactions that take place between registered users or their conditions. The conditions of each sell offer are the seller's exclusive responsibility.
  6. Betmul is not accountable for the impressions registered users might generate in terms of the suitability of the trade.
  7. Betmul does not charge any commissions to execute these wager trades.
About disputes
  1. You accept to refrain from presenting any action, judicial or extra-judicial, against Betmul, its related companies, subsidiaries, representatives, managers, directors, advisors or employees for any dispute that emerges between you and another registered user in relation to User Bets. Furthermore, you agree to accept unconditionally and without remorse the decisions that as moderator takes Betmul or any other registered user.
  2. In the event you have a dispute with another registered user you agree to indemnify and free us of all reclamations, loses, costs (including legal and professional) and damages (either by action and/or consequence) of any kind or nature, which shall emerge in relation to these disputes.
  3. You have the right to dispute a bet. If the bet was resolved by Betmul, please contact us to examine your approach carefully.
  4. You have the right to propose any bet as "impossible to resolve" under the following bet conditions and general guidelines:
    • a. If the resolution method is moderator decides, then the moderator may, under its sole discretion, declare the bet as "impossible to resolve". In that case, all remaining wagers will be returned to the bet's participants minus incurred and transferred commissions.
    • b. If the resolution method is by transfer or 60%/100%, then you need unanimous acceptation from all participants to declare the bet as "impossible to resolve". In that case, all remaining wagers will be returned to the bet's participants minus incurred and transferred commissions.
  5. All remnant wagers (those waiting credit to a proposed result) after a period of 360 days from the bet's resolution date will stay in Betmul's favor.

It is strictly forbidden the copy, duplication or reproduction, partial or total, of this User Agreement for commercial ends. This document is of exclusive use for Betmul users. All rights reserved.

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ABOUT BETMUL
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