Terms and Conditions

1.General provisions
2.Accepting bets
3.Main types of bets
4.Settlement & Markets
5.Financial limitations
6.Payment of winnings

1. General provisions

1.1. The Betting Company accepts bets on sports and other events (referred to events as from now on). The Betting Company has the right to void any bets placed by players who have broken these Terms and Conditions.

1.2. Opening an account:

1.2.1 Registration, opening of deposit account and wagering is allowed only for persons that have the minimum age of 18. The clients are responsible for checking that Internet wagering is allowed in the countries where they live. The clients are responsible for giving information about winnings and losses to their local authorities, if necessary. When opening an Account the Player warrants that;

1.2.1.1. He/she understands and accepts the risk that, by using the Services may, as well as win money, lose money;

1.2.1.2. He/she is over 18 years of age and (b) above the age at which gambling or gaming activities are legal under the law or jurisdiction that applies to him/her;

1.2.1.3. He/she is legally able to enter into contracts;

1.2.2 The Betting Company trusts completely the information given by the Client during registration. The Betting Company is not responsible if the Client provides wrong information;

1.2.3 The following may not be players:

state and municipal institutions and enterprises and non-commercial organizations;
athletes, trainers, judges, members of Sports agencies providing professional consulting services to football clubs, sportsmen, sports managers and coaches, persons who are participants in the event on which bets are being placed, and others;
persons under the influence of alcohol or drugs and also those incompetent;
customers resident in or placing bets from the following countries: Australia, Bulgaria, Croatia, Cyprus, Denmark, France, Greece, Iran, Israel, The Republic of Moldova, Malta, The Netherlands, Hungary, Czech Republic, Ireland, Romania, United Kingdom and USA.

1.2.4 The Player’s Account must be registered in his/her own, correct, name and personal details and it shall only be issued once for the Player and not duplicated through any other person, family, household, address (postal or IP), email address, or any environment where computers are shared (e.g. workplaces, public libraries etc), computer (or other access device), and/or account in respect of the Services. Any other accounts which the Player opens with the Company, or which are beneficially owned by the Player in relation to the Services shall be "Duplicate Accounts". The Company has the right to close any Duplicate Account (but shall not be obliged to do so). If the Company closes a Duplicate Account:

1.2.4.1 All winnings, bonuses, Free Bet bonuses and winnings accrued from such bonuses and Free Bet bonuses using that Duplicate Account will be voided and forfeited;

1.2.4.2 The Company may, at its entire discretion, void all winnings and refund all deposits (less amounts in respect of void winnings) made in respect of that Duplicate Account and, to the extent not recovered by the Company from the relevant Duplicate Account, any amounts to be refunded to the Company by the Player in respect of a Duplicate Account may be recovered by the Company directly from any other of the Player’s Accounts (including any other Duplicate Account); or

1.2.4.3 The Company may, at its entire discretion, allow usage of the Duplicate Account to be deemed valid in which case all losses and stakes placed by or for the Player through the Duplicate Account shall be retained by the Betting Company.

1.3. SlottoJAM.com reserves the right, at its own discretion, at any time, to void bets, to refuse to grant bonuses or promotions of any kind, to exclude any customer from any SlottoJAM.com bonuses, rewards or Promotions on an ongoing basis or decline to open or to close any existing customer's Account without any prior notice or any explanation whatsoever.

1.4. Verification of identity and money laundering requirements. The Player warrants that i) the name and address provided when opening his/her Account are correct; and ii) he/she is the rightful owner of the money which he/she at any time deposit in his/her Account.

1.4.1 By agreeing to the Terms and Conditions the Player authorizes the Betting Company to undertake any such verification checks from time to time as the Betting Company may require or may be required by third parties (including, but not limited to, regulatory bodies) to confirm these facts (the "Checks"). The Player agrees that from time to time, upon the Betting Company request, the he/she may be required to provide additional details in respect of any of such information that the Player has provided us, including in relation to any deposits which the Player have made into his/her Account.

1.4.2 Whilst the Betting Company is undertaking any Checks from time to time, it may restrict the Player from withdrawing funds from his/her Account and/or prevent access to all or certain parts of the Website. Please, note that the Betting Company may from time to time re-perform the Checks for regulatory, security or other business reasons. If any such restrictions cause the Player a problem, please contact Customer Services.

1.4.3 In certain circumstances the Betting Company may have to contact the Player and ask him/her to provide further information to the Betting Company directly in order to complete the Checks. For this purpose, the Betting Company will be entitled, at its sole discretion, to require that the Player provides the Betting Company picture with ID, proof of address, utility bills, bank details, bank statements and bank references, etc, as well as Skype conference. Until such information has been provided to the Betting Company, it may prevent any activity to be undertaken by the Player in relation to the Account or the Betting Company may, where the Betting Company reasonably believe that deliberately incorrect information has been provided by the Player, keep any amount deposited on the Account following the closure of the Account by the Betting Company.

1.4.4 It may be an offence for persons under the age of 18 to make use of the Website. If the Betting Company is unable to confirm that the Player is under Age 18 then it may suspend his/her Account. If the Player is subsequently proven to have been under the Age 18 at the time he/she made any gambling or gaming transactions with the Company, then: i) The Player Account will be closed; ii) all transactions made whilst the Player was underage will be made void, and all related funds deposited by the Player will be returned by the payment method used for the deposit of such funds, wherever practicable; iii) any deposits made whilst the Player was under the Age 18 will be returned to him/her; and iv) any winnings which the Player has accrued during such time when he/she was under the Relevant Age will be forfeited (and may be deducted from the amount of any deposit returned under clause 1.7 and the Player will return to the Betting Company on demand any such funds which have been withdrawn from the Player Account.

1.5. Username, password and customer information: The Player is responsible to keep his/her personal information (e-mail, postal address, telephone numbers etc.) up to date; any changes should be reported to the Betting Company in a good time.

1.5.1 After opening an Account, the Player must take all reasonable steps to avoid disclosing (whether deliberately or accidentally) his/her username, password and/or account number to anyone else, including ensuring that up-to-date security software is downloaded onto his/her computer.

1.5.2 All transactions made where the Player’s username and password and/or account number have been entered correctly will be regarded as valid, whether or not authorized by the Player, and the Betting Company shall not be liable for any claims in the event that the Player discloses his/her username, password or account number to anyone else (whether deliberately or accidentally).

1.6. Changes to terms and conditions: The Company may need to change the Terms and Conditions from time to time for a number of reasons, including (without limitation) for commercial reasons, to comply with the law or regulations, instructions, guidance or recommendations from a regulatory body, or for customer service reasons. The Betting company has the right, without preliminary personal written notification, to make any changes to Terms and Conditions. However, the Terms of earlier placed bets remain unchanged and bets being accepted with the arrival of this date are subject to the changed rules. Where the Betting Company makes changes to the Terms and Conditions which the Betting company wish to notify the Player of, it will do so by such method of notification as the Betting Company may, on its discretion, deem to be appropriate, which may comprise:

1.6.1 email (to the email address the Player has previously provided us, if any);

1.6.2 notice on the Website; If any change is unacceptable to the Player, he/she may either cease using the Services and/or close his/her Account.

1.7. The player’s account

1.7.1 The Player’s Account is not a bank account and is therefore not insured, guaranteed, sponsored or otherwise protected by any deposit or banking insurance system or by any other similar insurance system. Any money deposited with the Betting Company in the Player’s Account shall not attract any interest.

1.7.2 The Betting Company may any time set off any positive balance on the Player Account against any amount owed by the Player (including under a Duplicate Account) to the Betting Company, including (without limitation) where the Betting Company re-settles any bets or wagers pursuant to this Terms and Conditions

1.8. The Betting Company reserves the right to cancel any bet placed on an obviously "incorrect" "line" or after the start of an event. The Betting Company reserves the right to deny or cancel any bet or to place any sort of limitation on it.

1.9. The Betting Company does not accept any responsibility on damage or losses caused by use of the site or by the contents of the site. A connection failure and other technical mistakes in communication are no reasons to change or cancel a bet if the wager has been registered in the server. The same applies to the use or misuse of the site content by any person, inability to be connected to the site, inability to use the site, delays in site functioning or data transmitting, failures in communication lines or to any mistakes, typing errors or misses in the maintenance of the site.

1.10. It is recommended that the Player may only participate in any gambling events if it is legal for him/her to do so according to the laws that apply in the jurisdiction from where the player is connecting. The Player must understand and accept that the Betting Company is unable to provide him/her any legal advice or assurances.

1.11. These rules enter into force on the 1st of March 2012 and apply to all bets made from this date on, regardless of whether or not the players know that this version had taken effect. All previous rules are considered invalid.

1.12. In the event of discrepancy between the English-language version of these Terms and Conditions and any other language version of any translation on Betting Company’s websites, the English-language version will prevail.

1.13. All bets are accepted only in accordance with these rules and are confirmation that the participant in the wager knows these rules and agrees with them completely. If the Player suspected in fraud or manipulation, as well as in case of any breach of this Terms and Conditions the Betting Company reserves the right to block the Player’s account and withheld any balance.

1.14. By making a deposit on SlottoJAM.com, the Player agrees to use at least once the full amount of the deposit on sport or Casino betting.* In case when players ignore this rule, SlottoJAM.com reserves the right to impose a fee on the player's account to cover all the deposit and withdrawal costs. If necessary, the amount requested for withdrawal will be reduced depending on the costs incurred by SlottoJAM.com.
* Odds and bet types are irrelevant for this regulation.

2. Accepting bets

2.1. Bets are accepted based on the daily "odds line" - a list of upcoming matches with odds and handicaps offered by the Betting Company on outcomes of events.

2.2. The odds and handicaps take into account the correlation of strengths of the competing teams or players and determine the value of the expected winnings of the person placing the bet.

2.3. The Betting Company has the right to change the odds and handicaps at any time. The terms of the bets placed earlier remain the same. The Betting Company has the right to remove any event from the offered "line".

2.4. The player places a bet according to the "line" operating at the time of the bet.

2.5. The player chooses the number of the event and outcomes of the competition from the predictions offered by the Betting Company.

2.6. The Player must state the amount of each bet and receive a bet confirmation when the bet is placed.

2.7. After placing a bet with the Betting Company it cannot be cancelled or changed.

2.8. Several identical bets may be considered as one in case the Player made a number of mirror bets.

2.9. Information displayed during "live" events (including the update of this information) is informative only. A wrong result is no reason to refund the wager. The Betting Company accepts no responsibility for incorrect results during “live” event.

2.10. Calculation of the bets is done by the Betting Company. The event results, announced by the Betting Company, are the basis for calculating the wagers and determining the winnings. The results of sporting events announced in the periodical press may not be grounds for submitting players' claims against the Betting Company.

2.11. In a number of types of sports, changes in the parameters of the "line" are possible by decreasing the winning coefficient ("buy points"). All numerical ratios are indicated in the line.

2.12. The amounts of the minimum and maximum bets are indicated in the section “Financial limitations”.

2.13. The Betting Company has the right to limit the maximum bet for individual events and also to limit or raise the maximum bet for specific persons without explanation.

2.14. Each client is allowed to have only one betting account in one currency. Exceptions are granted by the administrator of the Betting Company depending on the individual client.

2.15. The Client cannot give permission to anybody else to use his/her betting account. A lost password cannot be used as grounds for cancelling a placed bet, or a withdrawal request, in case the player has not informed the Betting Company on time.

2.16. The Betting Company reserves the right to refuse and cancel bets caused by mistakes by employees or by the computer software (mistakes in odds and others) and other reasons causing incorrect bets. The Betting Company reserves the right to refuse and cancel all bets placed with incorrect odds or placed after the event has started. The Players are responsible for any damages caused to the Betting Company by deliberately taken advantage of technical or administrative errors in money transactions.

3. Main types of bets

3.1. The following types of bets differ: "single", "multibet" and "system".

3.1.1. Single bet - a bet in which it is required to guess the outcome of just one event. Single bets are accepted for any event in a line. The winnings on single bets are equal to the amount of the bet multiplied by the winning coefficient.

3.1.2. Multibet - a bet in which it is required to guess the outcome of more than one event. Several independent events may be combined into a multibet. The multibet bet loses when any of the combined matches loses. Interrelated events are not included in the "Multibet". Incorrect combining of such events into a multibet bet results in such events being excluded from the multibet. In particular, bets on a match (odds or total) and bets on the list of this match (periods, corners, points scored by players and so forth) are considered interrelated events. It is not allowed to include different events and markets from the same match in “multibets” and “systems” even if they are not interconnected directly. If any events pertaining to a given match were included in a "multibet" or "system" bet, this bet will be refunded even if the computer program for accepting bets did not block this bet. The winning coefficient is equal to the product of the winning coefficients of the events combined into the multibet.

3.1.3. System - this is all possible combinations of "multibet" events equal in number, chosen from several events named by the player. “System” winnings are counted as a sum of “multibet” winnings, which are in the system bet. Final odds for winnings on all classified betting forms are defined by taking into account specialities (hitting the spread on the handicap of total etc.), postponement of the event or the transfer of the event to another date. In these events the odds for winnings are "1".

4. Settlement & markets

4.1. The Betting Company is doing its best to provide clear description of each Market, so the client has no confusion on the offer. However it is on client’s responsibility to make sure that he knows on what he is wagering into. The Betting Company will not accept any complain based on acknowledgment of the market and how the result is calculated from.

4.2. Events result should be determined according to the time of game specified in this rules unless otherwise specified in a line.The bet is winning if the outcome is predicted correctly.

4.3. The Betting Company will do its utmost to attain itself to information obtained first hand (during or exactly after the event has been concluded), through TV transmissions, streaming (web-based and through other sources) as well as official sites. Should this information be omitted from first hand viewing and/or official sources and/or there is an obvious Error in the information included in the sources above, the settlement of the bet offer will be based on other public sources.

4.4. Push: In a market with only 2 possible alternatives (“2-way” or “Head to Head”) ending with equal means of result, bets will be void and the market is called as a “push”.

4.5 Dead Heat: In a market with 3 or more participants or alternatives (“3-way”, “Triple Head”, or “Outright Winner”), where 2 or more participants or alternatives ending with equal means of result, bets will be paid with the offered odds divided by the number of participants or alternatives ended equally.

4.6. Main Markets

4.6.1. 1X2 or W/D/W - The 1X2 or Win/Draw/Win refers to the possible final result of an event, football or other sport, which have three possible betting options for the final result in the normal duration of the match including injury time (if not otherwise stated). In case the market has no draw option this is indicated as 12 or W/W.

4.6.2. Double Chance - A 'Double Chance' pick contains two of three possible outcomes such as 1X,X2 and 12 combining two alternatives and increases your chances of winning.

4.6.3. Handicap – is indicated by “1” for a first competitor and “2” for the second competitor in an event. A “TIE” alternative maybe offered if the market is 3-way. The outcome of a handicap event takes into account the handicap line and is determined by adding the handicap line to the actual result. If the result obtained is in favor of the chosen alternative, the bet is considered to have won.

4.6.4. Totals or Over/Under. To win, it is necessary to guess if the number scored will be more or less than the total given in the line or equal to this number. Only the goals hit into the opponent's net are counted when determining an individual total. In case when bet is placed on markets like "Total” or “Over/Under" it means total goals, points, games, runs, sets, wherever the score is goals, points, games, runs, sets, etc.

4.6.5. Outrights. In this wager, it is necessary to guess if the participant will win or reach a certain stage of a competition (Winner, Finalist, Quarter Finalist, or any Place) and is determined according to what place the participant will occupy or what stage (round) will reach in the competition. If the participant's reaching the next stage (round) is later cancelled for any reason, the cancellation is not taken into account, and payment will be made based on the results of the matches that have taken place. In a wager to reach the next stage (round), when participants are met several times in the event of a change in the sequence of teams (participants) on the fields, the bets remain valid. If one of the matches did not take place or was suspended, and also if the result of the first match has been changed, the outcome is determined by a team (participant) actually reaching the next round. If none of the matches took place, the winning coefficient is considered to be "1" for such bets. If the participant announced in the competition cannot complete his participation in it for some reason (injury, malfunction and so forth), the bets on the result of this participant are considered valid: they win if the result is achieved, and they lose when the result is not achieved (unless otherwise indicated in the line). If the participant did not play a single match, the winning coefficient is considered equal to "1").

4.6.6. Correct Score - You predict the exact result or score of the game

4.6.7. First (Next) team to score - A bet on which team will be the first (next) to score in a particular game.

4.6.8. Teams to score - A bet on which you must predict whether one or both teams will score goals or not.

4.6.9. Total Odd/Even - A bet on whether the total number of goals at the end of a game will be an odd number or an even number.

5. Financial limitations

5.1. Maximum payout for one client per day is equivalent to 100,000 USD or equivalent in the betting account currency. The day is defined in between 00:00 GMT to 23:59 GMT.

5.2. Any payouts beyond this amount will be deducted accordingly. Events that produced a payout of 100,000 USD will be paid with odds equal to 1.00 for any pending stake of the same client including such events and concluded in the future. Example: The Client made a wager on Teams A, B, and paid 100,000 USD. If the same client made another wager on Teams A, B, C, (C team is playing the following day), then Teams A, B will be paid with odds 1.00.

6. Payment of winnings

6.1. The Betting Company makes calculations according to the initially recognized result. Subsequent disqualifications and cancellations do not affect the calculation.

6.2. The amount of payout is equal to the bet, multiplied by the established odds.

6.3. Winnings are transferred to a player’s gaming account after bets are settled. Payments will be credited to the customer’s accounts in 1 to 3 days, depending on payment method being used.

6.4. Please, note that payouts are made to the same payment system that the player used to deposit money, where applicable.

6.5. Customers should immediately notify the Betting Company, if they notice any amounts incorrectly credited to their accounts. Otherwise all subsequent winnings directly or indirectly derived from that error will be considered invalid and should be returned to the Betting Company.

6.6. If the player’s account balance becomes negative as a result of the recalculation of incorrectly settled bets, the account will be blocked up to the time when player makes a deposit; equal or greater to the negative account balance. Otherwise the Betting Company reserves the right to suspend this account.

6.7. The Players using e-payments systems have to make sure that they are using e-wallet registered to their own name. Withdrawal requests to the e-wallets registered to other names will be declined.

6.8. All transaction fees are to be paid by a recipient and will be deducted from the amount transferred unless otherwise specified.

6.9. The Player further agrees not to make any charge-backs, reversals or otherwise cancel any deposits into his/her Account, and in any such event to refund and compensate the Betting Company for such unpaid deposits including any expenses incurred by the Betting Company in the process of collecting his/her deposit. For the avoidance of doubt the Player’s Account shall not be used by the player as a bank account and, should we become aware of deposits into and withdrawals from his/her Account without commensurate betting or gaming activity, the Betting Company reserve the right to deduct an administration charge (whether or not the Betting Company closes or suspends the account).

6.10. Payments to and from the customer accounts are processed using the following Legal Entities:

-Media Entertainment N.V., a company registered in Curacao, Company No: 108625, Emancipatie Boulvard 29 New Haven e-Zone

-New World Times S.A., Company No: 3-101-519894, Calle 2, Avenida 18, San Jose, Costa Rica, 555-1007

-INT Interactive Payments Ltd, Company No: HE 214312, 95 Makarios Av. 5th floor, Ayios Antonios, Charitini Building, 1071, Nicosia Cyprus.

-Entertainment International Malta Ltd, Company No: C43747, 2nd floor, 114 The Strand, Gzira GZR 1027 Malta