Terms and Conditions

Basic introduction and definitions

The OKBET website is owned by Ekxinum Inc., duly registered on (date) under the laws of the Republic of the Philippines, currently licensed and regulated by the Philippine Amusement and Gaming Corporation (PAGCOR) and whose registered office and business address is at; (okbetvip@gmail.com); website okbet.com
 
These terms and conditions constitute the complete, final and exclusive agreement and govern the contractual relationship between OKBET account holders. OKBET Terms and Conditions supersede and combine all prior agreements, representations and understandings between the Account Holder and OKBET. By opening a OKBET account, registering, logging in, using the Services, participating in the game or accepting any prizes, on behalf of the visitor or account holder, we fully understand and agree to:
OKBET reserves the right to update, modify, edit and supplement the OKBET Terms and Conditions at any time. Any material modification of these terms and conditions by OKBET shall be notified to the account holder in advance by OKBET before it becomes effective.
 
 
All references to the singular in the OKBET rules shall include the plural and vice versa. All references to “the” should include “a/an” and vice versa.
 
 
Account holders must read this Agreement carefully and completely before accepting our services. This Agreement constitutes a legally binding agreement between the Account Holder and OKBET (hereinafter referred to as “OKBET”). Ekxinum Inc. stands for okbet.com and the OKBET mobile application (defined below as the “Website” or “Site”).
 
 
When the account holder clicks the “Register” or “Complete Registration” button during the registration process and uses the software specified below, he/she fully agrees to the rules and terms set out in the agreement, privacy protection rules and other related gambling And the website is updated regularly. Any violation of this agreement will have the following consequences (deprivation of membership, account closure, confiscation of funds or other related legal proceedings). .

Definition of Terms

1. “OKBET account” is an account held by the account holder for good faith transactions. The strict purpose is to establish a normal business relationship with OKBET, and the strict purpose is to conduct gambling transactions such as gambling.
 
 
2. “Device” refers to all application devices, including all devices used to access online services, but not limited to personal computers, notebooks, mobile phones, personal electronic devices, PDA phones, etc.
 
 
3. “Game” means the online entertainment system provided by this website.
 
 
4. “Software” means all computer programs, data files that are installed on a device and that enable access to the Site and participation in the Services via the Internet.
 
 
5. “Sports betting” means “sports”, “casino” or “poker” related services and online entertainment provided by this website.
 
 
6. “Information” refers to the information provided on this website, including but not limited to game results, statistics, sports data, odds, etc.
 
 
7. “Website” means the Internet gateway address okbet.com accessible via the Internet, where all current and relevant information about the operation of OKBET is published and through which services are provided to account holders.
 
 
8. “Services” are game and betting market parameters provided by OKBET to account holders through the website.
 
 
9. “Card” means any type of card with “payment”, “charge”, “debit”, “credit”, “virtual” and/or similar functions.
 
 
10. “Payment Solution Providers” are intermediaries that act as payment agents for various payment methods.
 
 
11. “The “Regulatory Authority” is the Philippine Amusement and Gaming Corporation (PAGCOR), a regulatory body established under Philippine law to regulate all forms of gaming in the Philippines. For more information, please visit https://www.pagcor.ph/
 
 
12. “Financial Institutions” are banks and/or other institutions regulated by domestic Financial Services Act or similar laws.
 
 
13. “Client Application” means the web browser application that the Account Holder opens to use the Services.
 
 
14. “Software” means all software that OKBET uses to provide market parameters and/or operational services and/or run client applications.
 
 
15. “Winning” is an amount, bonus or award that an account holder can win.
 
 
16. “Inactive account” refers to a OKBET account that has not logged in and/or logged out for more than 6 consecutive months.

License/Intellectual Property

The coding and organizational structure of the software belong to OKBET’s copyright, trade secrets, intellectual property rights and other rights. An account holder or a visitor must not:
If there are any losses, expenses or related commission fees caused by any illegal use, the perpetrator shall bear the responsibility.
 
 
All trademarks, service marks and trade names as well as images, graphics, text, concepts or methodologies (collectively the “Intellectual Assets”) found on the Website, the Client Application and the material contained therein are the exclusive property of OKBET and/or OKBET’s suppliers and partners. The Account Holder or any website visitor is not entitled to exploit or otherwise use any Intellectual Asset for whatever purpose, except for what is allowed by law.

Financial Security

The funds of OKBET registered members are deposited separately from the company funds in a client account held with a Financial Institution approved by the Regulator. OKBET will take measures to ensure that customer funds are not directly connected to any funds of the company. Client’s funds will be protected by all means.
 
OKBET reserves the right to adjust any aspect of its business operations at any time to comply with other judicial regulations.

Account Holder Registration, Access and Security

1. OKBET recognizes customers’ personal rights (non-transferable and not exclusive) to use OKBET website software, use equipment to obtain information on the website, and participate in online games.
 
2. The OKBET website software is not suitable for the following people:
3. In order to prevent people who do not meet the legal age from using our services, OKBET reserves the right to require customers to provide proof of age at any time. If the account holder doesn’t qualify for the age standard or we suspect that he/she is below our age standard, we have the right to suspend/cancel the OKBET account for a long-term/short-term period to prevent the unauthorized use of our services.
 
 
4. An individual cannot participate in a game for money unless that individual is an Account Holder. To be registered as a player, an individual must submit an application for registration and; must faithfully understand and fulfill the following terms:

Account Management

OKBET reserves the right at its own discretion and at all times, to:

Account Dormancy

If the OKBET account has been suspended in accordance with the clauses above, and has already been suspended for more than 6 months or an OKBET account has been dormant for more than 6 months since the last login time, OKBET reserves the right to charge a monthly administrative fee until the account balance reaches zero. The administrative fee deducted shall vest in OKBET on deduction from the Suspended Account and will cease to form part of the Account Holder’s funds. OKBET reserves the right to close the Suspended Account once the account reaches zero balance. If there are no funds on the account, the account will not be charged and it will be closed immediately.
 
 
OKBET warrants and represents at all times to:

Betting Rules and Regulations

1. All bets on the OKBET website must comply with relevant game rules and this agreement.
 
 
2. Any typographical error or unintentional human error in the announcement of the odds and/or result, OKBET is not responsible for the consequences, and OKBET has the right to cancel related bets.
 
 
3. Under any circumstances, OKBET reserves the right to refuse any bet without giving an explanation.
 
 
4. Only bets that comply with the terms and agreements through OKBET website or equipment will be considered valid. Regardless of the result, any other forms of betting (by letter, mail, fax or other means) will not be accepted or deemed invalid. The bet slip takes effect as soon as the confirmation message appears on the screen.
 
 
5. It is the account holder’s responsibility to be aware about the match score and all relevant match information. It is advised that the customer verify the match status before placing a bet.
 
 
6. The account holder acknowledges that the current score, time elapsed and other data provided on the site, while coming from a “live” feed provided by a third party is subject to a time delay and/or may be inaccurate, and that any bet placed based on this data is entirely at the customer’s own risk. OKBET provides this data as-is with no warranty as to the accuracy, completeness or timeliness of such data and accepts no responsibility for any loss (direct or indirect) suffered by the customer as a result of his reliance on it.
 
 
7. All bets are considered valid if they meet the following conditions: the username and password are entered correctly, and the account balance is sufficient.
 
 
8. The account holder is responsible for the security of his account and this includes all transactions and behaviors that occur through his/her account, regardless of whether the transaction is authorized or unauthorized.
 
 
9. If the supplied betting information is correct, the account holder is the only person responsible for this bet. Once the client application confirms your bet, the bet cannot be cancelled, withdrawn or changed, and the bet slip will be regarded as the valid evidence of your bet.
 
 
10. All betting records entered by OKBET will be stored in the OKBET transaction database software and will be used as a valid basis for any transaction at any time.
 
 
11. All bets that show confirmed status in the transaction records of OKBET customer accounts are considered valid bets by our company.
 
 
12. Except for live betting, OKBET have the right to cancel bets placed after the scheduled start of the game.
 
 
13. All bets for which the result of the match is already known at the time of betting will be considered invalid. OKBET reserves the right to cancel such bets.
 
 
14. The event information (starting time of the event, red card, score or other related information) displayed on the website is for reference only.
 
 
15. The results of the event are confirmed after the event, unless otherwise stated in the relevant sport or event rules. OKBET will not recognize any amendments or changes made to results for bets that have already been settled 72 hours after the event ended. OKBET only corrects unintentional human errors or incorrect results within a period of 72 hours.
 
 
16. If the venue of the event changes, all bets placed at the original location will be cancelled, except for neutral ground events which will still be considered valid.
 
 
17. The winner or loser of the game will be confirmed after the end of the game in accordance with relevant rules.
 
 
18. OKBET does not recognize interrupted matches and controversial proposals.
 
 
19. If a match is interrupted and continued within 48h after initial kick-off, all open bets will be settled with the final result. Otherwise all undecided bets are considered void.
 
 
20. If there is an invalid option in the bet offer, the bet will be adjusted and settled according to the remaining valid options.
 
 
21. The account holder knows and accepts that all odds and market lines are constantly changing and will only be determined at the moment of betting. OKBET reserve the right, at its sole and absolute discretion, to change the odds, prices, or any information on a bet type, market or event at any time.
 
 
22. OKBET likewise reserve the right at its sole discretion to either void or reject any affected bets at any time or to correct any error when by error, omission or mistake the incorrect odds, prices, or any information on a bet type, market or event at any time where displayed.
 
 
23. If the players/teams are displayed incorrectly, OKBET reserve the right to void betting.
 
 
24. If markets remain open with an incorrect score or Incorrect match status which has a significant impact on the prices, OKBET reserve the right to void betting.
 
 
25. If there are any technical problems in the system, OKBET reserves the right to manually change the status of a pending bet to “confirmed” when the transaction resumes and as soon as the technical problem has been resolved. At that time, the account balance will be adjusted to reflect the member’s betting at that time.
 
 
26. Multiple bets placed on the same event at the same time will not be recognized.
 
 
27. OKBET has the final decision on any related betting and transactions.
 
 
28. The account holder fully accepts the random shuffling of the system software in the poker game, and accept other random game transactions.
 
 
29. The account holder agrees and accept that WAP network links are not always stable. The company only recognizes the bets recorded in the system, and OKBET is not responsible for any misplaced bets.
 
 
30. Unless listed either in conjunction with the bet offer, or else in the Sport Specific rules, all bets should be considered valid for the result at the end of the “Regular Time” or “Full Time” only. “Regular Time” or “Full time” is defined as interpreted by the official rules published by the respective governing association. For example, in Football, full time is stipulated to be 90 minutes including injury time. Should the governing association decide to stipulate, before the start of the event, that the said event is to be played over a different duration, this will be treated as being the official rules for the event (for example, football matches played with 3 x 30 minutes or 2 x 40 minute formats). Nonetheless, such occurrence is limited to the “regular” playing time and does not include any prolongation such as extra time or overtime, unless explicitly stated.
 
 
31. “Livebetting” is where it is possible to bet during an ongoing match or event. OKBET does not acknowledge or accept any liability whatsoever if it not possible to place a bet or the live score update is not correct. At all times it is the Account Holder’s responsibility to be aware of the match and the events surrounding it such as the current score, its progression and how much time remains before the match is completed. OKBET does not accept any liability for changes to the Livebetting schedule or interruption of the Livebetting service.

Event-specific Rules

Football Rules
Basketball Rules
Tennis Rules
The following examples can be used for consideration:
Volleyball & Beach Volleyball

Transaction settlement

For players who use credit/debit cards or any other type of payment method, the bank card name must be the same as the account holder’s name when registering. If the bank card name is inconsistent with the account holder’s name when registering, OKBET reserves the right to refuse any transaction requested.
 
If the customer has debts to OKBET or any of its members, the customer must bear the responsibility of repaying the debts. In terms of payment, if a customer is suspected of fraud, including the use of a stolen credit card, or other fraud (such as recovering or subverting payment or money laundering), OKBET has the right to immediately freeze and/or close the customer’s account and confiscate the account balance, and publish its information (indicating its identity) to any online entertainment websites, banks, credit card companies, and related institutions and individuals that have the right to access this information. Any costs incurred by OKBET will be incurred by the perpetrator involved in the said malicious activities.

Bonus

When an account holder gets a chance to win a bonus from OKBET, any bonus must comply with this agreement and the relevant additional terms provided.
 
OKBET reserves the right to offer a specific bonus to a specific customer or group of customers.
 
Players must comply with the relevant provisions and restrictions before withdrawing the bonus amount from the account, otherwise they will not be processed.
 
The account holder’s withdrawal currency must be consistent with the deposit currency.
 
OKBET reserves the right to withdraw or modify bonuses or promotional activities and/or related specific terms and rules at any time, and does not assume the responsibility of explaining to customers or third parties.
If an account holder is under self-exclusion, OKBET will make reasonable efforts to return the account balance in accordance with existing terms and conditions. Please see Responsible Gaming guideline for more information.
 
Bonus Abuse
 
“Bonus Abuse” includes, but is not limited to:
Where there is a reasonable suspicion that the Account Holder has committed or attempted to commit a bonus abuse, either on their own or as part of a group, OKBET reserves the right to:

Disclaimer

In the event of OKBET being found liable in any way by a court of law and/or a similar authority with legal competence and/or jurisdiction over OKBET, then OKBET’s liability is limited to the amount of the stake, or the Account Holder’s net winnings, whichever is the lesser. Alternatively, when relevant and applicable, the amount recorded in the OKBET Account or the amount transferred into or out of the OKBET Account, whichever is the lesser.
 
OKBET is not affiliated or connected with sports teams, event organizers, or players displayed on its websites, and does not claim any intellectual property rights relating to their name and image, which are used strictly in order to provide the Services.
 
 
OKBET makes no representation or warranty, explicit or implicit, as to the legal rights of the Account Holder to participate in the Services, nor shall any of OKBET’s employees, licensees, distributors, wholesalers, affiliates, subsidiaries, advertising, promotion or other agencies, media partners, agents or retailers have the authority to make any such representation or warranty. The Account Holder shall not use the Services, open, use or reuse a OKBET Account, enter the Website, nor accept any Prize if the Account Holder does not fully understand, agree to, wish to become a party to, and comply with, without exception, all the OKBET Rules contained herein, and as these may be amended from time to time.
 
 
OKBET does not acknowledge or accept any liability for damage and/or losses to an Account Holder and/or a third party caused directly and/or indirectly due to the Account Holder:
OKBET does not acknowledge or accept any liability whatsoever for damage and/or losses to an Account Holder and/or a third party caused directly and/or indirectly due to any:
All information displayed on our Website (including but not limited to scores, results, time of the event, statistics, editorial text etc.) is provided for information purposes only, and not intended to constitute professional advice of any kind. Neither OKBET nor any of its independent providers is liable for any information errors, incompleteness, inaccuracy or delays, or for any actions taken in reliance on information contained therein.
 
 
The Account Holder shall hold OKBET, its employees, officers, directors, licensees, distributors, wholesalers, affiliates, subsidiaries, advertising, promotion or other agencies, media partners, agents and retailers harmless and shall fully indemnify the same from any and all costs, expenses, liabilities and damages whatsoever that may arise as a result of Account Holder’s:
Under no circumstances,including but not limited to negligence,shall OKBET,its Software and Client application, software suppliers, subsidiary companies, or affiliates be liable for any direct, indirect, incidental, special or consequential damages resulting from the use of or the inability to use OKBET’s or its suppliers’ products, Client Application and/or materials. The Account Holder specifically acknowledges and agrees that OKBET is not liable for any defamatory, offensive or illegal conduct of any Account Holder. If the Account Holder is dissatisfied with any Service, or with any of the present OKBET Rules, the Account Holder’s sole and exclusive remedy is to discontinue using the Services.
 
 
The Account Holder understands, acknowledges and accepts that any resemblance of names, circumstances or conditions used, depicted, described or suggested in the games operated on the Website with reality is entirely coincidental and unintended.
 
 
The Account Holder understands that OKBET reserves the right to change or remove any of its Services at any time.
 
 
The Account Holder shall review the OKBET Rules as posted on the Website on a regular basis, and not less than once a month.
 
 
An account holder can access content played by third parties from our website (for example: streaming media). The account holder consequently acknowledges that this content does not belong to OKBET and is provided by a third party. When accessing content on our website, the account holder or a visitor is at their own risk. OKBET does not control the graphics, sounds or images provided by such content, but is for viewing purposes only. OKBET expressly disclaims any and all responsibilities related to such content.
 
 
In any case, OKBET is not responsible for any losses caused by poor or delayed satellite reception, network interruption, or personal errors, negligence, or misunderstanding of the website content when using the website services.
 
 
The company does not provide guarantees and assumes no liability for delays, breach of contract, or non-service provision due to third-party services provided by the company’s website and information (such as wireless communication providers, etc.).
 
 
Any direct, indirect, major or ordinary loss or economic loss caused by customers accessing or using our website services, software, information services, or downloading, installing, or using our software, regardless of whether OKBET has been notified of its possibility, OKBET and related partners Companies, partners, partners, employees, and agents will not be liable.
 
 
If there is an inconsistency between the match result on the client’s computer accessories and the match result of our server, the result displayed by the OKBET server will be the final match result. In addition, customers also agree that OKBET has the final right to interpret the game rules and betting status of customers participating in its services.
 
 
OKBET does not provide any express or implied guarantees for the services currently provided, nor does it provide any guarantees or explanations for the quality, suitability, completeness or accuracy of its services.
 
 
OKBET does its best to provide customers with the highest quality, safest and reliable services. However, it does not guarantee the stability, timeliness and accuracy of the services we provide, or that errors will be corrected in time or that the website will not be interfered by viruses or worms.
 
 
OKBET has the absolute right to temporarily or permanently suspend, terminate, modify, delete or add service content immediately, without notifying the customer, and OKBET is not responsible for any losses arising therefrom.

Breach of Agreement and Claim

If the account holder violates this agreement or part of its terms, OKBET has the right to take appropriate corresponding measures, including terminating the agreement, immediately intercepting and preventing the access from its website and using its services, closing your account, confiscation of account funds and/or taking necessary measures legal proceedings.
 
 
The account holder thereby guarantees that if the following circumstances occur to OKBET and its shareholders, employees, staff, license holders, licensees, partners and affiliates; the account holder will be fully responsible for compensation for losses, costs, expenses, attorney fees and other charges, etc., and will protect their legitimate rights and interests from liability and negative influences.

Priority

The rules of the game and any other terms of agreement regarding access to and use of our website services will form a complete agreement.
 
 
Unless there are express provisions, if the game rules conflict with any agreement terms or other parts of the agreement about accessing and using our website services, the game rules will prevail.

Governing Law

This agreement and related clauses are subject to and supervised by the relevant laws of the Republic of the Philippines. Regarding any litigation, dispute or disagreement on this clause and any matters arising therefrom, the relevant courts in the Republic of the Philippines have the sole right of interpretation and ruling. Each party irrevocably waives the following rights: deny the Republic of the Philippines trial, or claim that the Republic of the Philippines court does not have jurisdiction, or that the principle of court inconvenience should be adopted.

Issue Resolution

If any individual wants to complain about any aspect of OKBET’s products or services, they are advised to contact the OKBET customer service team.

 
 
In the initial stage of an account’s holder complaint, OKBET will investigate the matter in a fair and objective manner, and will provide practical results and final decisions as much as possible.
 
 
The customer might be asked to provide additional information, data or appropriate evidence to help in handling the said complaint.
 
 
Alternative dispute resolution – All complaints cannot be resolved during the appeal process and can be submitted to relevant independent agencies for adjudication.
 
 
Any disputes that refer to relevant independent institutions will be handled by specific relevant independent institutions in accordance with the law and the dispute resolution process. The resulting decision is final and executory.

Other Terms

The official Terms and Conditions have been drafted in English. Translations into other languages are made as a service and in good faith. In the event of discrepancy between the English version and a translation, the English version shall supersede and prevail.
 
 
If a clause in the agreement is ruled as illegal, invalid or unenforceable in a certain legal category, it will not affect the application of that clause in other legal areas, nor will it affect the application of other clauses in the agreement in that legal category, or other clauses. Application in other legal areas.
 
 
The title of the agreement is for reference only, and it does not affect the composition or interpretation of any clause.
 
 
If OKBET fails to perform its obligations in accordance with the provisions of the agreement due to the following reasons (including natural disasters, government control, war, riots, transmission interruption, system crash, telecommunications or broadband service interruption, power interruption, etc.), it will not constitute a breach of contract.
 
 
In this agreement, OKBET’s failure or delay to exercise or perform any rights, remedies, privileges do not mean that OKBET has waived this privilege.
 
 
OKBET reserves the right to transfer the agreement or part of the content at any time without notice. However, the account holder or any visitor has no right to transfer OKBET rights or obligations with respect to this agreement.
 
 
This agreement cannot generate or grant any rights or other benefits to third parties unrelated to this agreement.
 
 
This agreement cannot be created or cannot be regarded as creating a cooperation, agency, trust or joint venture relationship between OKBET and the account holder.
 
 
This agreement is the latest and complete version of the website service usage agreement between the account holder or a visitor and OKBET, and it will replace the previous version.