Based on the Law on Games of Chance (“Official Gazette of Republic of Serbia”, No. 18/2020), and the provisions of the Rulebook on closer conditions, i.e. the content of the rules of games of chance (“Official Gazette of the Republic of Serbia “, number 152/20) and Decisions on the founding of the company “Phuket” doo, Belgrade, Južni Bulevar 144, according to the Decision dated April 20th 2023, the company´s director, Draženko Ruljić, decided the following:
AMENDMENTS TO THE RULES ON ORGANIZING SPECIAL GAMES OF CHANCE THROUGH MEANS OF ELECTRONIC COMMUNICATION
INTRODUCTORY REMARKS
· Organizer: a legal entity that organizes betting on sports and other events through means of electronic communication.
· The official website: Internet website where a game of chance is organized – betting in the name and on behalf of the Company.
· The event: an event is any future uncertain event for which the outcome is not known in advance.
· Betting: a special game of chance in which the participant bets on the outcomes of sports (match results, betting on horse and dog races, etc.) and other real (dancing, singing, musical and similar events or competitions), i.e. virtual events, suggested by the organizer, where the circumstance deciding the gain or loss must not be known to anyone in advance and must be such that neither the organizers nor the participants can influence this circumstance. Betting consists of accepting bets (wagers) from participants under conditions suggested by the organizer.
· Live betting: Betting on an event in progress as well as during breaks (halftime and similar). For live betting, payment can be made during the event. The same rules apply to live betting as well as for betting before the beginning of the match, unless otherwise indicated.
· Offer: a list of events and their results with odds published on the organizer’s official website.
· Game type: a defined predicted outcome on which a bet can be placed within the event.
· Bet: is the payment (deposit) of a sum of money in local currency to the selected combination that can achieve an individual gain.
· Participant/user: an adult natural person who participates and meets the legal requirements in betting. At the moment of payment, the participant accepts these Rules and starts betting under the given conditions.
· Stake: a payment, invested amount in local currency payed by the participant while predicting the outcome of the event.
· Combination: a number of game types. The number of tips in a row that make up one combination is between the minimum and maximum number of betting events set by the organizer.
· System: a special way of forming the number of combinations for betting. By forming event groups, the participant is enabled to increase the total number of betting combinations.
· Outcome: the result of the selected game type within the event the organizer has set the odds for.
· Data analysis: declaration of bets (winning, losing or void) in accordance with the achieved result and game rules.
· Ticket: is an electronic form for participating in a game of chance issued by the organizer and which consists of one or more of the same or different combinations.
· Winnings: the amount on the ticket gained by participating in betting after data processing. The condition for winnings is the participant’s previously placed bet on the selected combinations on the basis of which the winnings were achieved.
· Obvious error: any error in the offer or data processing the organizer considers to have affected the correctness of betting, and may be or may refer to: an incorrect value of odds, participants, time and place of game, error in the handicap, type of a game or any other reason the organizer considers to have affected the correctness of the betting or the uncertainty of the event.
· Refund: refunding the stake to the participant in the event that, for any reason, the bet is void when the odds 1 are declared.
· Void betting: a situation when instead of the odds printed on the ticket, the odds 1.00 are announced (e.g. postponed match, cancelled match, wrong pair, etc.)
· Combined betting: a series of the same or similar tickets played on the same calendar day on the Internet website by several participants suspected by the organizer to have conspired to avoid the restrictions set by these rules.
· Odds: the number by which the bet is multiplied to calculate the potential winnings which represents the degree of uncertainty of the event according to the organizer’s assessment.
· Host: The team or competitor listed first on the bid list (mark 1.) does not have to be the actual host of the Event.
· Guest: The team or competitor listed second on the bid list (mark 2.) does not have to be the actual guest of the Event.
· Tournament: Competition of a large number of participants (individuals, competitors or teams) who compete for the best possible placement.
· Handicap: is an advantage given to the underdog or taken away from the favourite, in order to increase the odds on the favourite and decrease on the underdog with the selected game type, or in an exceptional case reduce the odds on the favourite and increase on the underdog. The handicap is displayed and added to the achieved result of the first listed team/competitor.
· Favourite: the team or competitor who, in the opinion of the organizer, has a better chance of winning the match.
· Underdog: a team or competitor who, in the organizer’s opinion, has less chance of achieving a better result.
· Official sources of information: 1) the official website of the competition organizer; 2) the official website of the competition host; 3) official website of the host team; 4) the official website of the away team.
“Live score” Internet websites are not official and valid when processing data. If the information differs, the result taken from the source the highest in the above-mentioned hierarchy (first the official website of the competition organizer, then the official website of the host of the competition, etc.) is considered as official.· Locked game – is considered a bet where the final outcome can no longer be changed until the end of the event.
· Bonus account: is an account every participant has on the website and to which they can log in accumulate promotional funds by participating in various marketing or promotional activities of the organizer.
· Bonus means: funds allocated by the organizer through various promotional activities. They can be used as a stake in accordance with the rules of the promotion and cannot be paid out from the user’s Promotional account.
· Bonus code: is a code the participant can use to obtain benefits during the organizer’s marketing or promotional activities. Using the promo code, in the place provided for it, obligates the participant to accept the conditions of use specified by the organizer.
· Virtual event: is a computer-generated event or other uncertain event whose outcome is determined by a random number generator (RNG), for example (virtual football, virtual betting on numbers, virtual horse and dog racing, etc.).
· Self-exclusion: an option by which the participant decides on partial or permanent self-limitation of participation in betting, based on the request submitted to the organizer.
· Closing the user account: represents the Organizer’s right to exclude a participant from the Organizer’s System at the Organizer’s discretion.
· Exception: Explicitly prescribed rules for special cases of data processing that have priority in application.
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