BETTING LIMITS


1. BETTING AND PAYOUT LIMITS:

1.1. Firstbet reserves the right to limit the net payout on any bet or combination of bets by one Customer. This limit may be lower depending on the specific sport, league and type of bet offer.

1.2. The maximum total payout limit per Customer per day is R250,000 (Two hundred and fifty thousand Rands). For avoidance of doubt, this means that no Customer may be paid out more than a total of R250,000 (Two hundred and fifty thousand Rands) in respect of any number or combination of winning betting tickets –
(i) purchased by that Customer on a single day, and/or
(ii) bearing the same date of issue, and the same principle applies in respect of any other limit set in the remainder of this Clause 17.

1.3. The following daily payout limits per Customer apply to horse racing:
(i) Pick 6: R250,000;
(ii) Accumulator: R150,000;
(iii) Jackpot: R150,000;
(iv) Pick 3: R40,000;
(v) Quartet: R40,000;
(vi) Trifecta: R40,000;
(vii) Exacta: R40,000;
(viii) Swinger: R40,000;
(ix) Bipot: R40,000, and
(x) The fixed odds betting daily payout limit is R50,000 (Fifty thousand Rands) per Customer.

1.4. The following daily payout limits per Customer apply in respect of Lucky Numbers:
(i) Single Number: R50,000;
(ii) Two Numbers: R100,000;
(iii) Three numbers: R250,000;
(iv) Four numbers: R 500,000;
(iv) Five numbers: R500,000, and

(v) Five numbers multi-draw: R500,000.

1.5. In relation to winning bets on horseracing, the limits shall apply, and payment shall be effected, in proportion to the amount staked, with the base amount being R1 per bet. For avoidance of doubt, this means that if the Customer wagers a fractional bet of –
(i) 30c (thirty cents) on a Trifecta which pays a dividend of R39,000 (thirty-nine thousand Rands) (per R1 wagered), the Customer will be paid R11,700 (being 30% of the Firstbet limit of R40,000), or
(ii) 50c (fifty cents) on Jackpot which pays a dividend of R140,000 (One hundred and forty thousand Rands) (per R1 wagered), the Customer will be paid R70,000 (being 50% of the Firstbet limit of R140,000).

1.6. In relation to winning bets on horseracing, no payout shall be greater than the dividend declared by SAFTote, and each such payout shall be subject to the prevailing Firstbet limit where the dividend declared by SAFTote exceeds the Firstbet limit.

1.7. All dividends declared by SAFTote in respect of horseracing are based on a bet of R1,00. Where a Customer has bet a fractional amount (less than R1) on the same bet type with Firstbet, the amount payable will be adjusted proportionally, e.g. where SAFTote has declared a dividend of R100 in respect of a Trifecta, but the Customer has wagered 70c (seventy cents) on the same winning Trifecta, the Customer will be paid R70 (i.e. the R100 dividend x 70%).

1.8. The limits set by Firstbet in respect of certain events in the retail environment may differ from those set by Firstbet in respect of the same event in the online environment. It shall at all times be the responsibility of the Customer to ensure that he/she is aware of, fully understands and accepts the prevailing limits in any particular market.