FAQ Type: Sports MMK

A Bet ID is a unique reference number linked to a transaction on your account, enabling us to quickly access detailed information.

The minimum and maximum bet amounts depend on the sport and event. You can find the exact values for each bet on your bet slip.

Virtual Sports

Virtual sports are computer-generated simulations of sporting events, created specifically for betting. Unlike traditional sports, these events are not based on actual athletic competitions but are generated through advanced software algorithms and random number generators (RNGs). The simulations follow the rules and characteristics of real sports, providing a realistic betting experience.

Key Features of Virtual Sports Betting:

• 24/7 Availability: Virtual sports events can be scheduled and generated at any time, offering constant betting opportunities regardless of the time of day or season.
• Quick Turnaround: Virtual sports events are shorter than real-world sports, allowing for faster bet resolutions and more frequent betting opportunities.
• Random Outcomes: Outcomes are determined by algorithms and RNGs, ensuring unpredictability similar to real sports but without real-world influences.
• Various Sports Options: Virtual sports cover a range of sports, including football (soccer), horse racing, basketball, and tennis. Bettors have multiple virtual sports to choose from.
• Visual Simulation: Many virtual sports come with visual simulations or animations that mimic the look and feel of a real sports broadcast, enhancing entertainment value.

Note:  In the event of a technical issue with virtual sports, BetJili will void all affected bets and return the funds to players’ accounts.

A handicap bet levels the playing field between the favorite and the underdog by adding or subtracting points from the final score. This way, both teams or players have a fair chance in the betting market.

• Favorite: The team or player expected to win.
• Underdog: The team or player expected to lose.

How It Works

1. Handicap: Points are given or taken away to balance the odds.
   • For Example: If Team A is playing against Team B and Team A is the underdog, the bookmaker might set a handicap line of +1.25 for Team A.
2. Betting on the Underdog: If you bet on Team A (+1.25), you win if Team A loses by 1 goal or less, or if Team A wins or draws the game.
3. Betting on the Favorite: If you bet on Team B, you win if Team B wins by more than 1.25 goals.

Premium bets are special types of bets offered in sports betting that cater to a wide range of sports and betting markets. These bets include both in-play and pre-match options.

1. Types of Premium Bets

• In-Play Betting: You can place bets while the match or event is happening. This type of betting offers flexibility as you can react to the live action.
• Pre-Match Betting: Bets are placed before the match or event starts. You make predictions based on pre-event information.

2. Examples of Premium Bets

• Example Bet: 1st Innings – Bangladesh Total in a cricket match.
  • What is it? An innings is a part of a cricket match where a team bats. Betting on the “1st Innings – Bangladesh Total” means predicting how many runs Bangladesh will score in their first innings.
  • Example Bet Type: ‘Over 307.5’ means you are betting that Bangladesh will score 308 or more runs in the first innings.

“Cash out” is a feature in betting that lets users close their bets before an event ends. This allows you to either secure some profit or reduce losses. Here’s how to use it:

1. Only matches with the “Cash Out” icon can use this feature.
2. Go to the “Statement” section and check the box to view all eligible tickets across different matches.
3. Each ticket will show a “Cash Out” button and the cash-out amount.
4. Use the slider or enter the amount directly to cash out. The minimum partial cash out is 20% of the original bet.
5. Click the “Cash Out” button and confirm. The system will process your cash out immediately.

Important Notes:

• Cash out is not available for parlays, multiple betting options, or bonus bets.
• Each bet can only be cashed out once.

* This feature gives you more control and flexibility, letting you make strategic decisions during the event.

1X2 is a popular betting notation used mainly in football (soccer) betting. It represents the three possible outcomes of a match:

• Home Win (1): Betting on “1” means you predict the home team will win. If the home team wins, your bet is successful.
• Draw (X): Betting on “X” means you predict the match will end in a draw. Your bet wins if the match ends without a winner after regular time.
• Away Win (2): Betting on “2” means you predict the away team will win. If the away team wins, your bet is successful.

* This simple betting format is widely used and understood, making it a staple in sports betting.

Fancy bets are special betting markets for cricket matches on BetJili. They are customized and do not affect the overall betting liquidity of the exchange.

What Are Fancy Bets?

• Fancy Bets: Unique markets specifically for cricket. They offer different outcomes to bet on.
• Back Bets: You bet on an outcome to happen.
• Lay Bets: You bet against an outcome to not happen.

Understanding “Yes” and “No”

• “Yes”: You believe the outcome will happen.
• “No”: You believe the outcome will not happen.

Example:

• Market: BAN over 30
  • “BAN”: Bangladesh cricket team.
  • “30 over BAN”: Bangladesh’s total runs in the first 30 overs.
  • Bet “Yes”: You think Bangladesh will score 114 runs or more in the first 30 overs.
  • Bet “No”: You think Bangladesh will score 113 runs or fewer in the first 30 overs.

How to Place a Fancy Bet

1. Find the Market:
   • Go to Cricket > Fancy Bets > Select a Match.
2. Choose “Yes” or “No”:
   • Pick whether you think the outcome will happen or not.
3. Check the Odds:
   • Review the odds displayed for each outcome.
4. Enter Your Bet Amount:
   • Decide how much you want to bet.
5. Place the Bet:
   • Confirm your bet.

While we strive to provide accurate information, event-related details such as dates, times, scores, statistics, news, red cards, and neutral ground information are offered for general purposes only. The Company cannot be held responsible for the accuracy of this information.

In sports betting, “back” bets are shown in blue, while “lay” bets are shown in pink.

• Back Bet: You bet that an outcome will happen. For example, betting on a team to win.
• Lay Bet: You bet against an outcome. You act like the bookmaker. If the outcome happens, you lose your bet. If it doesn’t happen, you win and the backer gets their stake back.

Liability is the amount you might have to pay if you lose a lay bet.

Imagine you’re a bookmaker. If the bet wins, you pay the winnings. If it loses, you keep the backer’s bet. Your liability is the amount you might need to pay out if the bet loses.

Here’s how to place a lay bet:

1. Choose a Market: Pick the market you want to bet on.
2. Select an Option: Click on “Best Price/Odds” for your choice.
3. Enter the Amount: Let’s say you lay a bet at odds of 2.70 with a stake of ৳100. Your liability will be ৳170.

Example:

• Potential Profit: ৳100
• Potential Loss: ৳170

If the team wins, you pay ৳170 to the winner and lose your ৳100 stake, but if the team loses, you win ৳100 minus the betting exchange commission.

Note: BetJili charges a commission fee on net winnings from each market.