okbets Terms & Conditions

1 Introduction

These Terms and Conditions ("Terms") govern your access to and use of the okbets platform, including the website at okbets.vu, the mobile application, and all associated services (collectively, the "Platform"). By registering an account, making a deposit, or using any part of the Platform, you agree to be bound by these Terms in full.

If you do not agree with any part of these Terms, you should not use the Platform. okbets reserves the right to update these Terms at any time. Changes will be posted on this page with a revised date. Continued use of the Platform after changes are posted constitutes acceptance of the updated Terms.

2 Eligibility and Account Registration

To register and use the okbets Platform, you must meet all of the following conditions:

• You are at least 21 years of age.
• You are physically located in the Philippines at the time of registration and use.
• You are registering as an individual on your own behalf, not on behalf of another person.
• You have not previously had an account suspended or terminated by okbets.
• You are not acting as an agent, representative, or affiliate without prior written authorization.

Each player is permitted to hold only one (1) account on the Platform. Opening multiple accounts — whether using your own name, a family member's identity, or any other identity — is a violation of these Terms and will result in suspension of all associated accounts and forfeiture of any balances held.

Identity Verification (KYC)

Before making deposits or withdrawals, you are required to complete the identity verification process by submitting a valid Philippine government-issued ID. This process is mandatory and is done to comply with anti-money laundering (AML) obligations and to confirm that you meet the minimum age requirement. Accounts that do not complete verification may have deposits and withdrawals restricted until the process is completed.

3 Account Security and Responsibility

You are solely responsible for maintaining the confidentiality of your okbets account credentials, including your username, password, and any OTP codes associated with your account. You agree to:

• Use a strong, unique password that is not shared with other online services.
• Log out of your account after each session, especially when using a shared or public device.
• Notify okbets support immediately if you suspect your account has been accessed without your authorization.

okbets will never contact you by email, SMS, or live chat to request your password or full account credentials. Any communication claiming to be from okbets that requests this information should be treated as fraudulent.

You accept that any activity carried out through your account — including bets placed and transactions made — is your responsibility. okbets cannot be held liable for losses resulting from unauthorized access that occurred due to your failure to maintain adequate account security.

4 Deposits, Withdrawals, and Currency

All financial transactions on the okbets Platform are conducted in Philippine Peso (PHP). Your account balance, deposits, bets, and withdrawals are all denominated in PHP.

Accepted Payment Methods

Deposits are accepted through Philippine banking channels, including online banking, mobile banking transfers, and bank-to-bank transfers. Supported local e-wallets may also be available as a deposit method. Check the current available options within your account dashboard for the most up-to-date list.

Withdrawals

Withdrawal requests are processed to your nominated Philippine bank account or supported payment channel. You may only withdraw to an account registered in your own name, matching the identity verified during KYC. Processing times vary depending on the payment method; refer to the support team for current estimates.

Minimum Deposits and Limits

Minimum deposit amounts and daily transaction limits are set by the Platform and may vary by payment method. These details are available within your account settings. okbets reserves the right to modify these limits at any time with reasonable notice.

5 Betting and Gaming Rules

By placing a bet or participating in any game on the Platform, you accept the specific rules applicable to that game or betting market. General rules that apply across all okbets products include:

• All bets are final once confirmed. Bets cannot be cancelled after they have been accepted by the system, except where the Platform rules for a specific product explicitly allow in-play cancellation.
• okbets reserves the right to void bets that were placed due to obvious errors, including system malfunctions, incorrect odds due to a data feed error, or events that did not take place as scheduled.
• Winnings are credited to your PHP account balance automatically upon settlement.
• The use of automated betting software, bots, scripting tools, or any form of artificial intelligence to interact with the Platform in a way not intended for human users is strictly prohibited.

Sports Betting

All sports betting markets — including basketball, football, boxing, volleyball, and esports — are subject to the okbets Sports Rules, which govern settlement criteria, postponed events, and void conditions. These rules are available within the sports betting section of the Platform.

Casino and Live Casino

Casino games, including live dealer games such as baccarat, blackjack, dragon tiger, and roulette, are governed by the rules of each individual game as provided by the respective software provider. All slot games use certified Random Number Generator (RNG) systems. Live casino games use trained dealers with certified equipment. Game outcomes are not influenced by previous results.

6 Prohibited Conduct

The following actions are strictly prohibited on the okbets Platform. Engaging in any of these constitutes a material breach of these Terms:

• Providing false or misleading information during registration or KYC verification.
• Creating or using multiple accounts to circumvent account limits or take advantage of any platform policies.
• Engaging in any form of fraud, including chargeback fraud or collusion with other players.
• Exploiting bugs, software errors, or unintended game behaviors for financial gain.
• Attempting to launder money or use the Platform for any illegal financial activity.
• Accessing or attempting to access the accounts of other players.
• Sharing account access with third parties for the purpose of placing bets on your behalf without authorization.

okbets reserves the right to suspend or permanently close any account found to be in violation of these prohibitions, to withhold associated balances pending investigation, and to report the activity to relevant authorities where required by law.

7 Promotions and Bonuses

From time to time, okbets may offer promotions, bonuses, or other incentives to registered players. Any such offers are subject to the specific terms and conditions published alongside them at the time of the promotion. General principles that apply to all promotional offers include:

• Promotional offers are intended for personal, recreational use and may not be claimed using multiple accounts or by the same person through different identities.
• okbets reserves the right to withdraw, modify, or cancel any promotion at any time if it suspects abuse or if the offer was made in error.
• Where wagering requirements apply to a bonus, the specific requirements will be clearly stated in the promotion's terms. okbets does not publish general wagering requirement figures on this page, as these vary per promotion.

8 Privacy and Data

Your personal data is collected and processed in accordance with the okbets Privacy Policy. By registering an account, you consent to the collection and use of your data as described in that policy. This includes your identity information submitted during KYC, transaction history, and platform usage data.

okbets uses SSL encryption across all connections to protect your data in transit. You have the right to request access to the personal data held about you and to request corrections where necessary. Contact the support team at [email protected] for data-related requests.

9 Responsible Gaming

okbets is committed to supporting responsible gaming practices among its players. The Platform is for entertainment purposes only. No form of betting or gaming on okbets is intended as a source of income or financial strategy, and no outcome is ever guaranteed.

Players who feel their gaming is becoming difficult to control are encouraged to use the responsible gaming tools available through their account settings, or to contact the support team to discuss account restrictions, cooling-off periods, or self-exclusion options. Full guidance is available on the Responsible Gaming page.

10 Account Closure and Termination

You may close your okbets account at any time by contacting the support team. Any balance remaining in your account at the time of closure will be processed for withdrawal to your verified payment method, provided there are no outstanding investigations or holds on the account.

okbets reserves the right to suspend or terminate any account at its discretion, including where there is evidence of violation of these Terms, suspected fraud, or failure to complete identity verification. Where an account is terminated due to a Terms violation, okbets may withhold balances pending investigation and reserve the right to take further action where applicable law permits.

11 Limitation of Liability

To the extent permitted by applicable law, okbets is not liable for any indirect, incidental, or consequential losses arising from your use of the Platform, including losses arising from technical failures, delays, or errors outside the Platform's reasonable control. The Platform is provided on an "as available" basis, and okbets does not guarantee uninterrupted access at all times.

Nothing in these Terms limits okbets's liability for fraud, willful misconduct, or any other liability that cannot be excluded under applicable law.

12 Changes to These Terms

okbets may update these Terms from time to time to reflect changes in the Platform, legal requirements, or operational practices. When material changes are made, the "Last Updated" date at the top of this page will be revised. We encourage you to review these Terms periodically. Continued use of the okbets Platform after any changes have been posted constitutes your acceptance of the revised Terms.

If you have any questions or concerns about these Terms or about the Platform in general, please reach the support team at [email protected].