RULES & REGULATIONS

1. DEFINITIONS AND TERMS GENERAL

The Betting Rules for the Bookmaker Lotus365 (hereafter known as the Rules) is a document that outlines the manner in which bets can be accepted, winners paid out and disputes resolvable, and the specifics of bets that are specific to specific sports. These Rules regulate all other interactions between Lotus365, the bookmaker and the client.
This policy applies to all bets made via the Lotus365 website, or in betting establishments.

Bet	–	It is a contract between the client and the bookmaker, as well as the Rules which is based on risk. The satisfaction of the agreement is contingent upon the outcome of an upcoming event. Bookmakers are willing to accept bets based according to their conditions.
Outcome	–	The outcome of an incident or events for which the bet was placed.
Customer	–	One who makes bets on the bookmaker.
Bet Cancellation	–	The result of a bet is not paid and the prize has not been paid. In accordance with the Rules of the game, the term “bet cancelation” will result in an agreement between the bookmaker (the customer) and the bookmaker declared to be inconclusive. The stake is then refunded.
Regular Time	–	Regular time doesn’t include the penalty shootout, overtime and so on. Regular time does not include penalties shootouts, overtime, and additional time.

2. GENERAL TERMS

All games played at Lotus365 are run under the Opertator’s brand name.
Individuals who follow are not allowed to placing bets
- People who are less than 18 at the time they are referred to;
- People who are directly involved in the event that is being placed bets on (e.g. Referees, coaches or athletes and club owners, managers or other people who can affect the outcomes of an event ) are all able to place bets.
- Bookmakers from different bookmakers.
- Individuals who are forbidden by law from signing a contract with bookmakers.
In some nations, including those in the USA, United Kingdom, Cyprus, Netherlands, etc. In certain countries, such as the United Kingdom, Cyprus, USA, etc. prohibited to access or use the site (including the entire range of products accessible through the website). Our website is not designed to be utilized by individuals living in countries where betting on sports, or any other type of activity are not permitted.
It’s not enough to claim that our website is accessible in a particular area or region, and that it could also be accessible in a language that is official for any of those countries.
It is not recommended to consider our website to be an official or legal basis to deposit money into your account or for withdrawing winnings. The website is not intended to be an incitement or solicitation to gamble, bet or utilize any other services in areas where these activities are considered to be illegal.
You are accountable for determining whether your access and/or use through the site is compliant with the applicable laws in your region. Furthermore, you must ensure the legality of gambling in the area where you reside. You must confirm that you are legally operating within your state prior to opening an account on our website. You acknowledge that you have sought legal advice prior to signing up on our Website. We reserve the right to terminate any account in the event that we find that you are located in a country where the use of our website is unlawful. Any balance remaining will be reimbursed when the account is closed following the time that any winnings are credit.
Bookmakers are able to reject bets from customers who don’t follow these rules. The bookmaker is entitled to reject any bet made by customers who do not adhere to the social norms and rules of order.
The bookmaker is entitled to refuse a bet without giving the reason.
All bets are paid using the data supplied from our central processing facility.
The bettors gains within 30 calendar days following the publication of the official results for the date listed on the slip of bet.
If all outcomes of a bet can be accurately predicted, then the bet is considered to have been won.
Terms of betting: odds, handicaps, and totals; stake limits. The terms could change following the time a bet is placed, but they does not alter the terms that were in force when placing placing the placing the bet. The player must verify the market before signing any contract.
If there are technical issues or incomplete streams. Betting on Esports live streams will be returned in the event that the event doesn’t occur or if bets cannot be settled.
The bookmaker can declare bets invalid in the event that an employee makes a bet that is not correct (for instance, if the odds for betting markets aren’t in line with the amount bet) or if rules have been broken. The bookmaker will pay the odds of 1 for the bets.
In the event that odds appear wrong betting will then be made on the final outcome based on the odds applicable to the market in question.
If there is suspicion of games that were not played in a manner that is considered to be fair The company reserves the right to cancel any bets placed on sporting events prior to the final decision of an international organisation. Bets will be declared unenforceable if it is established that the match was not a sport. Bets on these games are made at odds that are “1”. The customers are not required to obtain proof or conclusions from the governing body.
Lotus365 is committed to fair play in sports. It is aware that influencing sports events, as well in other events, can be associated with criminal activities (organized match-fixing, corruption, etc.). This includes organized criminal activity such as transnational organized crime, and other organized crime forms. Lotus365 conforms to the principal purposes and objectives that are set out in the “Council of Europe Convention on the Handling of Sporting Events (CETS No. 215)” in addition to the relevant requirements of the law.
Bookmakers are able to cancel bets if there are indications of a foul playing, for example match fixing. They also have the option of voiding bets if there are bets made on another customer’s behalf or if the third-party is a user of an account owned by a customer. Any difference in size, type and way of placing bets.
“Foul-play” is a term used to describe “foul-play” is used to define the act of arranging a match or losing the favorite due to economic or competitive motive or any other rule-breaking.
If these rules change then the customer will be informed. Any bets placed within a certain timeframe are subject to revised rules. Any bets placed before that date will stay in place.
A bet cannot be cancelled in the event of a connection failure in making sure the bet is confirmed.
The act of placing a bet is evidence that the client has agreed with and accepted the Betting Rules.
The bookmaker’s results are only ones that are employed to resolve bets and calculate the winners. Any complaints concerning the results, the date or the time at which an event will begin an event will be considered together with official documentation issued by the respective sports associations.
The bookmaker is not able to consider any complaints relating to that arises from translation or transliteration of names of players, teams name, or venue for a sporting event. The tournament title is given to make it easier. An error in the title of the tournament won’t result in the refund of stakes.
The bookmaker Lotus365 cannot be held responsible for incidental, indirect collateral or other loss or damage, which includes loss of profit, even if they are aware that such losses or damages could occur.
The bookmaker is entitled to amend and modify these Rules at anytime. The changes and rules will be effective immediately upon publication.
Lotus365 offers its users information of the likelihood of winning as well as the losses and risks that could result from losing.
You can check your deposits and withdrawals through “My Account”.

3. GENERAL BETTING REGULATIONS

The bookmaker accepts bets based upon an enumeration of betting markets with odds that represent the probabilities of each outcome.

The minimum bet for one single choice can be $.30/EUR 0.20.
Bookmakers decide on the stakes that are minimum and maximum for each choice. Limits on stakes are different depending on the sport or event. If an accumulator betting (system) is comprised of multiple parts, each having different stake limits the stake limit with the lowest amount will be applied.
The maximum amount of money you can earn on a single bet will amount to EUR50,000 (or equivalent for foreign currencies).
The company reserves the rights to limit stakes and odds on specific markets, and to restrict or increase the maximum stakes as well as odds. The company may also apply other restrictions on individual customers without notification.
The bookmaker is entitled to declare bets on multiple occasions that were correctly predicted to be null and void (bets made on the exact outcome or combination of outcomes, however, at various odds). These bets are paid with odds of 1.00 when their stakes are greater than the stake limit that is set by the bookmaker.
When a bet is registered on the server and the confirmation is online the bet is deemed to be accepted. Bets that are registered can’t be altered or revoked.
Only bets that don’t over the balance in the account of the customer are accepted. The stake is removed from the account of the client after a bet has been registered. The winnings are credited on the accounts of the client when the bets have been paid.
The section on Sports will display the date and time that the contest will take place. Any bets placed after an event has started regardless of the reason will be deemed null. In-play bets are the exception (live bets) which are bets made during the actual match. These bets will remain valid until the end of the game.
Except for the situations mentioned in paragraphs 10-14, it is impossible to modify or eliminate LIVE Bets and SPORTS.
The stake in a cancelled bet will be returned. If a leg are canceled in accumulators as well as bets on systems then the legs will be omitted from settlement of bets.
If bets that are not settled correctly (e.g. The betting will be calculated again if the settlement is wrong (e.g. Bets placed between the date when the issue occurred and calculation recalculation are considered to be valid. If the balance of the bettors is negative after the recalculation then bets cannot put in place until certain amount is deposited.
An event in sports cannot be considered to have been rescheduled, cancelled or modified unless it has been officially made public by the event’s organizer in official documents or official websites, sites of sports federations, clubs and other resources for sports information. The section on Sports will be updated to reflect these modifications.
The customer is charged for a bet cancellation in the event that they intentionally deceive employees (bookmaker employees) by providing incorrect information or requests about bets, payouts or the results from an occasion. This also applies to minors as well as their parents.
If a bet is placed with a predetermined outcome (e.g. an event has concluded but the results have not been changed) it is cancelled.
“Simultaneous Finish” is the outcome in which two or more people is the winner of the competition, the event or championship, for example. When there’s two winners the stake is divided by 2 in taking bets into account. If there are three or more winner are declared, the odds are equivalent to 1. This rule is not applicable to markets like “to be higher” or “match-up”.
The mercy rule can be used to stop a game before the scheduled time, in case either team scored a huge goal or accumulated a large number of points. Once a certain score has been reached the team with the highest score has some advantage over its opponent. The actual difference in points needed to implement this rule will be decided by the organizer of every competition.
SP (Starting Price) – starting odds. SP is the term used to define the odds offered at the start of the race. The chances are determined by adding the odds set by organizers of the competition before the race begins. Any bets placed on a competitor who withdraws prior to the time an event begins or fails to participate at all in the event (according with the rules of rules of the tournament) when there’s no new SP market or a new SP market, will be cancelled (settled at odds that are 1.00).
Bets on regional championships, like futsal, football or hockey can be completed within 10 days of announcement of results. Regional championship results (football and futsal, hockey, and so on.) are posted in the Official website of each sport within a period of 10 days. The official websites is available within the category “Main Sources of Information”. Bets are refunded when one team doesn’t show up. In this scenario the non-participant loses their game.
Abbreviations that are accepted for occasions
1. CK – corner kicks
2. ACE – aces
3. Sending off
4. PT – Penalty Time
5. Yellow cards
6. Cards YRC (yellow and red card).
7. MS – Misses
8. SOT – – shots on Target
9. Offsides
10. F – fouls
11. Shots on Goal
12. EB – extra bets
13. S-series
14. Free throws scored
15. 2P – Field goal with 2 points
16. 3-Point field goal – 3 points
17. R-rebounds
18. AST – Assists
19. Turnovers
20. BLK – Blocks
21. DF – double faults
22. PC – hit the crossbar or the post
23. BS Blocking shots
24. C – checking
25. I – icing
26. The WF is the winner of the face-off