Winnings from settled bets are added to the balance of your betting account. Any funds/winnings credited to an account in error are not available for use and SV Gaming ltd reserves the right to retrieve the funds from your account by reversal or withdrawal, either at the time or retrospectively
A 20% withholding tax will apply on all winnings as required by the prevailing governing laws in Kenya, as per the Income Tax Act under section 35 (1) (I), (3) (h).
Payout limits apply to each customer or group of customers who play the same or similar selection or combination of selections, even though divided into a series of bets, at different odds and even if carried out on different days or at different locations. If BetKing suspects that one or more bets have been made following this procedure, BetKing reserves the right to withdraw from these contracts considered abnormal and the total payment will be limited to a one-time the maximum payout as above listed.
BetKing reserves the right to publish wins above One Hundred Thousand Kenyan Shillings (100,000 KES) on Sports and/ or Twenty Thousand KES (20,000 KES) on Virtual for marketing purposes. The personal information of the winner will not be published without consent. BetKing also reserves the right to invite the winner to our offices to take photographs to be used for marketing purposes before payment of the winning.
If winnings are credited to an account for payment in error and are used as stakes, then Network Group Kenya Ltd (BetKing) reserves the right to void any transactions involving such funds.
In the event that BetKing does not have an official statement by any official federation authority within 48 hours of the end of the game, we reserve the right to cancel the bet.
EX AEQUO RULE:
An "ex aequo” occurs when two or more participants in an event come in a tie for the first and second place.
In the event of two selections that end in an "ex aequo", the client’s bet is divided, with half of the stake applied to the winning selection and the other half lost. With more than two selections, the stake is divided proportionally.
The presence or absence of specific information on any event being bet on, such as events played on "neutral fields" or any changes to the playing surface, will not be cause for cancellation or refund of the bet. It is the bettor’s responsibility to be informed on such updates regarding the event being bet on.
VERIFICATION OF WINNINGS
There might be instances, where In Entertainment Network Group Kenya (BetKing) may at our own discretion require a valid means of identification to enable us to process a withdrawal request. The acceptable valid means of identification are driver's license, international passport or national identity card. In the event that we do not receive the required document, Entertainment Network Group Kenya (BetKing) reserves the right to hold the winning till validation is complete.
In case of bank transfer of winnings, proof of winnings will be provided to the customer for their respective banks, and the customer will need to provide all relevant documents to prove the ownership of the bank account.
ANTE-POST/ OUTRIGHT/ WINNING
Last Updated: 2020-05-31 00:39:57