What Is Bundle Betting in Jeetwin Id?
1.1. Introduction to Bundle Betting
Bundle betting is a type of wagering offered by betting operators like Jeetwin Id, specifically for fixed price racing events. Customers can place bundle bets either after the official time for the declaration of final acceptances for the event or before that time, provided nominations for the relevant event have already taken place.
1.2. Calculation of Payout for Bundle Bets
If a selection in a bundle bet has a successful outcome, the customer is entitled to receive the bundle price multiplied by their investment. However, there are specific conditions outlined in Rule 1.3 that can affect the payout.
1.3. Bundle Bets Placed Before Final Acceptances
When a bundle bet is placed prior to the official time for the declaration of final acceptances for the event:
- If one or more selections are withdrawn, but at least one selection remains, the investment will stand, and no adjustment will be made to the bundle price.
- If all selections in the bundle bet are withdrawn, the bet is considered lost according to Rule 6.14.
- If none of the selections are included in the nominations for the relevant event before the official time for final acceptances, the bundle bet is refunded to the investor once the event results are available.
1.4. Bundle Bets Placed After Final Acceptances
When a bundle bet is placed in Jeetwin Id after the official time for the declaration of final acceptances for the event:
If one or more selections are withdrawn, and more than one selection remains in the bundle bet:
- The investment will stand, but a new bundle price will be set by the betting operator.
- The new bundle price will be determined based on the prices of the remaining selections at the time the investment was placed.
- Any previous multiples or factors applied to the bundle price will be removed from the new bundle price.
- The payout may be subject to deductions as per Rule 6.14.
If all but one selection in the bundle bet is withdrawn:
- The bundle price for the remaining selection reverts to the price at the time the investment was placed.
- Any previous multiples or factors applied to the bundle price will be removed.
- The payout may be subject to deductions as per Rule 6.14.
If all selections in the bundle bet are withdrawn, the bet will be refunded to the investor once the event results are available.
1.5. Losing the Entire Bundle Bet
If all selections in a bundle bet lose or are deemed to have lost, the entire bet is considered lost.
1.6. Bundle Bets with Only Remaining Competitors
If, due to one or more withdrawals from an event, the selections in a bundle bet comprise all the remaining competitors in that event, the bundle bet will not payout and will be refunded to the investor once the event results are available. However, this does not apply if the bundle bet is part of a multiple bet.
1.7. Bundle Bets Within a Multiple Bet (Rule 1.3)
When a bundle bet made under Rule 1.3 is part of a multiple bet:
- If a selection in the bundle bet is withdrawn, and at least one selection remains, Rule 1.3(a) applies.
- If all selections in the bundle bet are withdrawn, Rule 1.3(b) applies, and the multiple bets is considered lost according to Rule 6.14.
- If Rule 1.3(c) or 1.6 applies, the leg of the multiple bets related to the bundle bet will be ignored when calculating the payout.
1.8. Bundle Bets Within a Multiple Bet (Rule 1.4)
When a bundle bet made under Rule 1.4 is part of a multiple bet:
- If a selection in the bundle bet is withdrawn, and more than one selection remains, Rule 1.4(a) applies.
- If all but one selection in the bundle bet is withdrawn, Rule 1.4(b) applies.
- If all selections in the bundle bet are withdrawn or Rule 1.6 applies, the leg of the multiple bets related to the bundle bet will be ignored when calculating the payout.
- The payout following a withdrawal may be subject to deductions according to Rule 7.7(c).
1.9. Additional Considerations
In addition to the information covered in this Rule 1, Rule 12.5 may also apply to bundle betting.
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