General Definitions and Concepts
- Gambling Agreement: A risk-based agreement where participants engage in betting according to predefined rules, with the potential for winning based on chance.
- Betting: A form of gambling based on the outcome of an uncertain event.
- Bet: Funds, either monetary or electronic, placed by a participant (Client), indicating agreement to the gambling rules and commitment to the bet.
- Gambling Organizer (Betting Company): 1xBet operates under the regulation of the National Lotteries and Gaming Regulatory Board of the Republic of Uganda, holding license number № NLGRB-GB-82-003. This license authorizes 1xBet to manage and provide betting services in compliance with Ugandan standards for secure and fair gaming.
- Client: An individual engaging in bets on event outcomes. Only individuals (not legal entities) are eligible for participation.
- Outcome: The result of an event on which a bet is placed, determining wins or losses.
- Betting Line: A selection of events and their potential outcomes, with associated odds, offered for betting.
- Winnings: Funds awarded to the Client following a successful bet, in accordance with set rules.
- Odds: The numerical representation of the likelihood of an event outcome, impacting the payout for a winning bet.
- Bet Cancellation/Refund: Adjustment of the odds to 1, effectively refunding the Client’s bet under specific conditions.
- Regular Time: The official duration of an event or match, excluding overtime, penalty shootouts, and extra time unless otherwise specified.
- Personal Account: An online interface allowing Clients to place bets, view transactions, and manage their betting activity.
- Authorization Data: Login credentials or other forms of identification used for Client authentication.
Understanding and Participation
Clients must fully understand all relevant terms and definitions before engaging in betting activities. In case of uncertainty:
- Clarify Event Rules: Seek clear information on the specific event or game.
- Contact Support: Reach out to our support team for assistance.
- Abstain from Betting: Avoid placing bets until fully confident in understanding the terms.
1xBet Uganda disclaims responsibility for actions taken by Clients who lack a complete understanding of the rules and conditions.
Theoretical Return to Client
The “Theoretical Return to Client” (TRC) is an estimated percentage intended to reflect the average return rate over time. This rate is theoretical and does not guarantee specific returns, as wins and losses may vary significantly with each round.
By participating, Clients confirm their understanding and agreement to all terms, acknowledging their responsibilities and the potential risks involved in betting activities on the platform.
