Rules
Introduction:
Soccer Betting Fund (SBF)
is a collective system to bet on soccer.
The matches to bet on are chosen
with a special software. The bets are placed with online bookmakers.
SBF started on 1st
August 1999 and its value is 10.000 (ten) Euro. In order to join the system you
need to buy shares. The assigned number of shares depends on the sum invested
by each individual and on the value of the SBF at the time of the investment.
To cover expenses, the odds
(the highest odds chosen amongst several bookmakers) will be decreased by 2%.
For example if SBF bets on
a match quoted 1.5, the official odds will be 1.47.
So expenses will only be
deducted on the winnings.
How to join
Account
number;
Password;
Method
of payment.
Number
of shares assigned;
Starting
of investment.
The value of SBF is in
EURO. All the payment must be in EURO. Any other currency will be transformed
with the current rate of exchange.
How to cash the
shares
Charges
The charge for opening an
Account is 2 EURO.
The charge for cashing
shares (cheque via registred post) is 6 EURO.
Last update 15/09/99