Centrebet clarifies Gross Revenue

Terms spidered on April 19th, 2011 04:21 AM
SUMMARY: Centrebet Affiliates updated the terms to clarify Gross Revenue in regard to 'Free Bets'.


GROSS REVENUE DEFINITION

All gross monies received by us in respect of all settled bets made by Customers after deducting; (i) monies paid out to Customers as winnings; (ii) monies paid in the form of betting duties or taxes (or reasonable provisions in respect thereof) (iii) bad debts; (iv) fraud; (v) returned stakes; (vi) transactions which are reversed by instruction from the card-holder's bank (commonly referred to as charge-backs); and (vii) voids and (viii) free bet/deposit Bonus Bet/deposit bonuses and other standard processing fees. Poker: All tournament fees and rake contributed by Customers after deducting; (i) monies paid in the form of betting duties or taxes (or reasonable provisions in respect thereof) (ii) bad debts; (iii) fraud; (iv) transactions which are reversed by instruction from the card-holder's bank (commonly referred to as charge-backs); and (v) free bet/deposit Bonus Bet/deposit bonuses and other standard processing fees.


SUMMARY: This is a simple clarification to note that 'Free Bets' simply means 'Bonus Bets'


Centrebet clarifies Gross Revenue