Magabet Terms & Conditions – Please Read Before You Play

Magabet (https://magabet.biz) is an online betting and gaming platform. By using this website or creating an account, you confirm that you have read, understood, and agreed to these terms and conditions in full.

Magabet reserves the right to update these Terms & Conditions at any time. If changes are made, users will be notified via their registered email or through a platform notification. Continued use of the platform after any changes constitutes acceptance of the updated terms.

Magabet operates solely for entertainment purposes. It is not a financial advisory or investment platform. Magabet is not liable for any losses incurred through betting.

To open an account with Magabet, the following conditions must be met:

• You must be at least 18 Years must be.
• Each individual may only have one account you can open.
• All information provided at the time of registration True & Accurate must be.
• You are responsible for keeping your account password confidential.
• Opening an account under someone else's name or a false identity is strictly prohibited.
• Accounts may not be shared with any other person.

After registration, Magabet may request additional identity verification (KYC) at any time. Withdrawals will not be processed until this verification is complete.

Magabet is firmly committed to responsible gaming, which is why age verification is a top priority for us.

Before a withdrawal, or at any time, Magabet may request one of the following documents:

• National ID Card (NID)
• Passport
• Driving License
• Birth Registration Certificate (as proof of age 18+)

Verification is completed within 24 to 72 hours of document submission. If any information cannot be verified, Magabet reserves the right to suspend the account.

Magabet supports transactions through Bangladesh's major mobile banking services. The key payment terms are outlined below:

• Deposits will only be refunded via the same method used to make them.
• Deposited funds must be wagered at least Single-use for betting must be completed.
• If a suspicious transaction is detected, Magabet may place a hold on withdrawals pending investigation.
• If any money laundering activity is detected, the account will be immediately suspended.

Magabet offers a variety of bonuses and promotions. Each bonus comes with its own specific terms, but the following general rules apply to all bonuses:

• Wagering Requirement: A minimum wagering amount must be met before bonus funds can be withdrawn (typically 5x–10x).
• Every bonus has an expiry date — bonuses that are not used in time will be forfeited.
• Attempting to claim the same bonus more than once may result in account suspension.
• Not all games may be available for play with bonus funds – this will be specified in the individual offer.
• Magabet reserves the right to modify or cancel any bonus offer at any time.

Keep the following rules in mind when placing bets on Magabet:

• Once a bet is confirmed, it cannot be changed or cancelled.
• Any bet placed before a match or event begins will be considered a pre-match bet.
• Odds in live betting change in real time — the odds at the moment your bet is placed are final.
• If incorrect odds are displayed due to a technical error, Magabet reserves the right to void the affected bets.
• If a match or event is cancelled, the stake for that bet will be refunded.
• Magabet reserves the right to set a maximum stake limit on any bet.

Any betting disputes or complaints must be submitted to customer support within 72 hours. Claims raised after this period will not be considered.

The following activities are strictly prohibited on the Magabet platform:

• Using the platform for money laundering or any other illegal financial activity.
• Bonus arbitrage or exploiting system vulnerabilities.
• Placing bets using automated software, bots, or scripts.
• Accessing another person's account or hacking.
• Operating multiple accounts under the same identity.
• Match fixing or betting using insider information.
• Exploiting technical vulnerabilities in the platform to gain an unfair advantage.

Magabet may suspend or permanently close an account under the following circumstances:

• Violation of the terms and conditions.
• Providing false or incomplete information.
• Failure to pass KYC verification.
• Extended inactivity (no transactions for more than 12 months).
• At the user's own request.

You may also close your account at any time. If you have a valid balance, you will be given the opportunity to withdraw it in accordance with our standard procedures.

Inactive accounts may be subject to a monthly maintenance fee deducted from the balance. Contact customer support for details.

Magabet treats the protection of your personal information as its highest priority. For more details, please refer to our Privacy Policy Read the page.

• Your information is never sold to third parties.
• All data is secured with 256-bit SSL encryption.
• Information may be disclosed to authorities when required by law.
• You may request to update or delete your personal information.

Magabet believes betting should be fun, not addictive. That's why we offer the following tools:

• Deposit Limit: Set daily, weekly, or monthly deposit limits.
• Betting Limits: Set a limit to prevent bets above a certain amount.
• Cooldown Period: Take a break for anywhere between 24 hours and 30 days.
• Self-Exclusion: Permanently exclude yourself from betting.

For more details, visit our Responsible Play Visit the page.

Magabet reserves the right to update these Terms & Conditions at any time. If changes are made:

• A notification will be posted on the platform.
• A notification may be sent to your registered email.
• The "Last Updated" date at the top of the page will be changed to reflect the update.

If you do not agree to the changes, please request to close your account. Continued use of the platform after the changes takes effect will be considered acceptance of the new terms.

If you have any questions or concerns about these terms, please get in touch with us:

• Email: support@magabet.biz
• Live Chat: Active on the platform 24/7
• Response time: 5 minutes via live chat, 24 hours via email

Formal complaints will receive a written response within 7 business days.