1win Terms and Conditions in Bangladesh
Online betting with 1win offers thrill and a world of excitement for many. But before you jump into betting at 1win Bangladesh, there are some rules and conditions that you should be aware of. Since reading a long list of rules can be cumbersome, we will summarise the key points in the T&Cs for you here.
Account Creation and Age Verification
Although physical gambling is illegal in Bangladesh, betting online is safe. Bangladesh allows anyone over 18 to place an online sports bet. Creating an account on 1win is easy. It involves some basic steps, such as providing basic information like your name, email address, and choosing a strong password.
Note that you will be asked for certain documents to check the authenticity of your account. You might also have to authenticate your age. If a user cannot provide the required documents, 1win reserves the right to suspend or block the account. If you mislead the 1win staff about your age, your account will be suspended, and local law enforcement can take legal action against you.
Types of Bets at 1win in Bangladesh
You can choose to place any of the following types of bets on 1win:
- Single bet. This allows you to bet on a single outcome of an event. If your bet wins, you get the product of your bet amount and the coefficient set for the outcome as your earnings.
- Express bet. Here, you bet on multiple outcomes related to the bet. If you win, you’ll get the product of your bet amount and the coefficients of all the outcomes as your winning amount. If you lose in one of the outcomes, you lose the whole express bet.
- System bet. This type of bet involves betting on multiple express bets. In this type, you can win the bet based on the chosen number of successful outcomes, such as two out of three, four out of five, etc. Do note that if you lose one of the express bets, you don’t lose the whole system bet.
To increase their winning chances, players should familiarize themselves with the various types of bets before deciding on the ideal type of bet.
Limitations on Express and System bets
Here are some of the limitations of the multiple outcome scenarios:
- Express Bet Dependency. You can only include one outcome from events considered dependent on each other in your express bet. Imagine betting on a specific team to win and their top scorer – these are likely linked. If you include both in an express bet, the platform might exclude the outcome with lower odds to avoid conflicting results.
- Understanding Dependent Outcomes. These are events where the outcome of one directly affects the other. For instance, betting on a red card being shown and a specific player getting sent off are likely dependent.
- Specific Events and Outcomes. Certain events, like “Team scores a penalty Yes/No” or “How the goal will be made,” are only considered successful bets if the specific scenario you chose unfolds. If no penalty is awarded or the goal doesn’t happen as you predicted, the bet is lost, regardless of other selections in your express or system bet.
- System Bet Limit: While system bets allow you to combine multiple express bets, there’s a limit of 16 total events. This ensures your wagers remain manageable and avoids overly complex calculations.
So, those looking to place express or system bets must understand these limitations on the inclusions of the outcome of events.
Acceptance of Bets on 1win During the Match
At 1win, live bets are accepted on the main and additional outcomes. You can make single live bets or combine them to make an express bet. However, once the bets are accepted, no amendment is allowed. Also, 1win will not be responsible for any discrepancies in the current results of matches on which the bets are placed. Clients should also use independent sources of information.
Match Results, Date and Time: Settlement of Disputable Issues
1win is not responsible for inaccuracies in the name of the championships and the length of the matches or sports events. The data mentioned in live and during live events is approximate and based on the information available.
The company may reconsider the bet calculation if there is any issue due to wrong results. If the client places a bet on an event for which the results are already known, the bet is subject to cancellation, and a special investigation will be conducted until the bet is suspended.
In case of disputed issues and claims, 1win holds the right to provide the final decision on the position of placed bets.
The company also has the right to make changes to the website at any time without prior notice. 1win cannot provide any warranties or legal advice to the client regarding their jurisdiction and the law prohibiting them from gambling.
Deposits and Withdrawals at 1win in Bangladesh
Any client who is depositing money in their 1win wallet should oblige with the following:
- The money has not been obtained in any illegal ways.
- You use your bank account or card registered in your name only.
- In case of a return of funds request, the client will bear all the expenses, and 1win will not be liable to pay any costs incurred.
1win Bangladesh reserves the right to suspend or block the account if any suspicious activity related to the funds comes to light. The company can use the client’s positive balance to repay any pending amount that the client owes 1win.
You must also be clear on the fact that a betting account is not a bank account and is not covered under any insurance.
For withdrawals, the client is entitled to request a withdrawal only if the payments received to the account were not cancelled or terminated.