APPLICABILITY OF THESE RULES
The following product specific rules (“Financial Betting Rules”) govern the end users’ use of all the Operator’s interactive Binary Options products and services offered on www.sbobet.com or the wireless applicationswap.sboceo.com or m.sboceo.com. They form part of the Operator's General Term & Conditions, which apply to all the interactive and online wagering products and services the Operator offers to individuals who register for a SBOBET Account for any of the online or interactive betting products or services offered by the Operator (the “End User”). To the extent there is any inconsistency between the General Terms and Conditions and any of these Financial Betting Rules, the General Terms and Conditions shall prevail.
Throughout these Financial Betting Rules, any reference to "we", "our", or "us" refers to the Operator, as noted in the General Terms and Conditions as providing the relevant services. Any reference to the “Internet Betting Service” or the "Website" shall also include a reference to WAP.
An Asset is the stock, currency, index or commodity on which the option bet is based. (Example: the EUR/USD (the Euro and US dollar)) can act as the Asset for an option.
At-the-Money is where the price of the predetermined outcome of an option matches precisely with the Strike Price or the price at the time the bet was placed. This will result in the amount wagered by the End User being returned to the End User’s Account.
This means that an Asset is not available for a bet to be placed on it. Generally all the Assets are available for wagering during market trading hours. Outside of market trading hours, the Asset will not be displayed in the Finance section. A bet or wager will also not be available in the event that there are no funds available in the End User’s Account.
This means the point in time of an Option where no further betting or wagering is allowed for the particular Asset.
Shall mean an option bet which offers a potential fixed payout predetermined at the opening or placing of the bet.
This is a bet that has been placed and the Expiration Time has lapsed resulting in a win [In-the-Money], loss [Out-of-the-Money] or draw [At-the-Money] outcome for the End User.
The Expiration Rate or Price is the level of the underlying Asset at the Expiration Time provided by well-known international data providers determined by the Operator. This is the determining level when compared with the Strike Price, if the option has expired “In-the-Money” or “Out-of-the-Money”. A different Expiration Rate is determined for each underlying Asset.
The Expiration Time is the time and date at which an option expires.