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Rules


ACCOUNT MANAGEMENT
To open an account, bet or to play games for money on Merrybet, you need to be 18 years of age or over,
of sound mind and capable of taking responsibilities for your own actions and that you can enter into a legally binding agreement with us.

It is the obligation of the customer to ensure that every account infomation provided is accurate and up to date.  Such information includes but is not limited to - name, address, date of birth, phone number and email address. We reserve the right to close any account we suspect has incorrect or false information.

You are solely responsible for the security and confidentiality of your account. In particular, you agree to keep your username and password strictly confidential as you are responsible for any misuse of your password.

Provided that we have been correctly supplied with the account information requested, we are entitled to assume that offers and payments are made by you.
You should change your password on a regular basis and never disclose it to any third party.

You undertake to protect your username and password in the same way that you would in respect of your bank cards and any failure to do so shall be at your sole risk and expense.
If another person accesses your account, you are solely responsible for all their actions whether or not their access was authorised by you and you hereby indemnify us and hold us harmless against all costs, claims, expenses and damages howsoever arising in connection with the use of or access to your account by any third party.


You are only allowed to open not more than one account. If at any point we find out that any one individual is operating or has access to more than one account (irrespective of the accounts being in his/her name or under different names), we reserve the right to close such related accounts and cancel all transactions without notice and funds in such accounts will be forfeited.

 

BETS
All match markets are based on the result at the end of a scheduled 90 minutes play except in BasketBall where overtime is counted unless stated otherwise. This includes any added injury or stoppage time but does not include extra time, time allocated for a penalty shoot-out or golden goal.

Bets will be settled at the end of normal time play, excluding extra time and penalties (where applicable).

When a match is cancelled or postponed, the odds of that  particular match turns to 1. For example, if a player stakes on  a match with N1,000 he gets his N1,000 in return. For accumulators, the other matches are calculated and winnings paid.

-If a match is postponed and there is a rearranged date within 24 hours, the date will be changed and the match ID remains the same. 
-If a match is postponed and the rearranged date isn’t within 24 hours, the match will be cancelled and a new match ID will be generated.


All bets on a match abandoned before the completion of 90 minutes play will be void unless the match is rearranged and played on the same date (local time) or stated otherwise in the rules, except for bets on any markets that have been unconditionally determined.


If the game does not take place as scheduled and is not played in the same date (local time) all bets are void. The exception is if we advertise an incorrect kick-off time.


If a match venue is changed then bets already placed will stand providing the home team is still designated as such. If the home and away team for a listed match are reversed then bets placed based on the original listing will be void. 

Bets are accepted until the kick-off time is published. If a bet is accepted for a match after its kick-off time, the bet will be considered to be void. The exclusion of this rule should be made for "live betting", when one makes bets after the match starts is possible. 


Live events bets are considered to be valid if they were made before the end of the match and void if there is a time lag of over 20 seconds between the time of the actual match and the time on our system, this could be caused by system failure. All bets placed are final and cannot be changed or edited once they are submitted to our servers.

In case of illegal operations all bets of such a client are considered to be lost and there will be an official investigation.

All complaints relating with bet results are accepted during a 10-day period after the event finishes. The final decision is the Bookmaker's only.

We reserve the right to cancel all accepted bets before the betting event begins without any explanation.  Should this occur, the customer will be informed via the registered email provided.

Accumulators that combine different markets on the same event or different events are not accepted if the outcome of one affects or is affected by the outcome of another.  Should such a bet be accepted, we reserve the right to void such bet.

Merrybet has the right to limit or not accept bets from client.

 

RIGGING

Placing the same bet more than once is disallowed and will be viewed as an attempt to manipulate our system.  This would lead to the cancellation of the repeated bets even if they have been settled and would also lead to the closure and forfeiture of funds in such account.



MINIMUM AND MAXIMUM STAKE AND WINNING

Minimum stake amount is N50 and  Maximum winnings shall be N10,000,000 per individual per day.

 

DEPOSITS

Customers who wish to credit their Merrybet account with N20,000 or above are advised to fund their account directly with the company.  Extra scrutiny would be given to bets placed by customers who are funded by Agents and should we suspect an attempt to manipulate the system or fraud, such customer accounts will be closed without warning and funds in the account forfeited even if such bets have been settled.


We may request for a means of identification to confirm the identity of account owner (KYC) as requested by regulatory bodies and to comply with relevant anti laundering provisions.

   

PAYOUTS            

Payouts are usually processed within 24hours (excluding weekends and public holidays). That means if you place a payout request on Monday, you are expected to receive it on Tuesday.  

The minimum amount you can withdraw is N1,000 and the maximum amount you can withdraw at a time is N500,000.

You cannot deposit funds into your merrybet account and decide to withdraw it.  You can only payout from your winnings .

We implore punters to place bets with their deposits and payout from their winnings i.e you cannot withdraw any amount of money you have not won. Any payout made under such circumstance would be reversed back to the merrybet account.

You are solely responsible for payouts processed from your accounts as payouts are processed to account number provided during payout transaction.

We may request for a means of identification to confirm the identity of account owner (KYC) as requested by regulatory bodies and to comply with relevant anti laundering provisions.

All payouts will be audited before processing.  If audit shows a violation of our Terms & Conditions, rigging or fraud, such payouts will not be processed and in most cases such winning bets would be voided.


ERRORS

You must inform us as soon as you become aware of any errors with respect to your account or any calculations with respect to any bet or wager you have placed or any currency conversion. In the event of such error or any system failure or game error (a divergence from the normal functioning of the game logic for whatever reason) that results in an error in any odds calculation, charges, fees, rake, bonuses or payout or any currency conversion as applicable ("error") we will seek to place all parties directly affected by such Error in the position they were in before the Error occurred. We reserve the right to declare null and void any wagers or bets that were the subject of such Error and to take any money from your account relating to the relevant bets or wagers, if there are insufficient funds in your account we may demand that you pay us the relevant outstanding amount relating to these bets or wagers. In all circumstances whereby we (in our sole discretion) determine an Error has been used to gain an unfair advantage, we reserve the right to consider this activity to be a fraudulent act subject to Forfeiture & Account Closure.

We are not liable for any possible I.T failure in equipment or faults from the internet service provider used by the customer while accessing the website.

We are not liable for the correctness or up-to-dateness of the information services provided neither for the accuracy of livescores, statistics or intermediate results available on our website.

 

AMENDMENT TO TERMS & CONDITIONS

We reserve the right to change our Terms & Conditions at our discretion.  All changes become effective immediately on publication on our website.

Should you find any modification to our Terms & Conditions undesirable, please desist from using the service.

A continued use of the service would mean an unconditional acceptance of our updated Terms & Conditions irrespective of you acknowledging such changes.


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