OKBet is renowned for its generous bonuses and promotions available to new and existing players. Among these exciting offers is the basketball weekly loss rebate. If you enjoy betting on basketball, stay informed and discover how to claim this enticing bonus.
Claiming the rebate to take advantage of the OKBet Basketball Weekly Loss Rebate, players must meet the following requirements:
1. Active and verified OKBet account holders are eligible to participate.
2. Players who incur losses of at least PHP 3,000 in basketball betting will receive a 5% loss rebate.
3. The minimum withdrawal amount is PHP 1,000.
To qualify for the refund, players must have a minimum turnover of X1. To better understand the rebate calculation, refer to the table below.
|Sample Loss||5% Rebate|
|PHP 3,000||PHP 150|
|PHP 10,000||PHP 500|
|PHP 100,000||PHP 5,000|
Example 1: If a player places a bet of PHP 3,000 and loses, they will receive a 5% rebate. The rebate amount will be PHP 150, calculated as follows:
- PHP 3,000 (loss) X (5% rebate) = PHP 150
- PHP 150 (5% loss rebate) X 1 (turnover) = PHP 150
However, if the player wishes to withdraw the rebate of PHP 150, they must reach the minimum withdrawal amount of PHP 1,000. This applies regardless of whether the funds come from the refund or winnings.
Example 2: If a player wagers up to PHP 100,000 and loses, they will receive a rebate of PHP 5,000.
- PHP 100,000 (loss) X (5% rebate) = PHP 5,000
- PHP 5,000 (5% loss rebate) X 1 (turnover) = PHP 5,000
The PHP 5,000 rebate can be withdrawn, provided the minimum withdrawal amount of PHP 1,000 is met.
Note: If a player has a rebate of PHP 150 and wishes to withdraw, it is only possible if their overall withdrawal amount is PHP 1,000 or more, regardless of the accumulated bonus type.
Inclusion of Basketball Weekly 5% Rebate
A draw result bet predicts that the outcome of a match or event will be a tie. Draw outcome bets often have higher odds but are less likely to occur.
Arbitrage betting, also known as betting on both sides, guarantees a profit by placing bets on all possible outcomes of a sporting event. It requires precise odds research and a significant amount of funds to wager on both sides.
Voided or canceled games refer to situations where a match or event is abandoned or declared void by the governing body, resulting in the refund of all bets.
Betting Odds Range
Players cannot claim the bonus when betting on odds ranging from 0.50 (Malay) to 1.50 (Decimal), regardless of the wager amount.
Terms and Conditions
1. This offer is only valid for basketball.
2. Players can claim this deal via Live Chat every Monday at 1:00 PM.
3. According to PAGCOR Rules and Regulations, all newly registered players must have a security deposit of PHP 1,000, which can be utilized after 30 days.
4. Employees of the company, second-degree relatives, individuals who own gaming websites, individuals on the government’s blacklist, and individuals working for people on the government’s blacklist are not eligible to participate.
5. In case of fraudulent or suspicious activity, OKBet reserves the right to close the player’s account and forfeit any winnings or bonuses.
6. OKBet reserves the right to change or cancel this promotion with PAGCOR’s approval.
7. OKBet will cover all marketing materials and prices ranging from PHP 150 to PHP 8,900.
8. OKBet’s standard terms and conditions apply.