The maximum total pay-out limit per Customer per day is 5,000,000.00 ZAR (Five Million Rand). For the avoidance of doubt, this means that no Customer may be paid out more than a total of 5,000,000.00 ZAR (Five Million Rand) in respect of any number or combination of winning betting tickets resulted on a single day, other than Insured Winning Entries, to which the limitation in this clause does not apply.
For all insured entries, all bets placed via the Website by a Customer that is a resident of South Africa in which there is any winner of the Underlying Lottery in a Type A or B Prize Category (as listed in the table in clause 17.5 of the Terms and Conditions) the following applies.
Lotto247 guarantees that it will, at a minimum, place every Winning Player in the same economic position as if he/she had placed a bet into the Underlying Lottery itself. To ensure that this happens, Lotto247 will always apply the payout rules of the relevant Underlying Lottery (and will always apply exactly the same deductions and payout table as the operator of the relevant Underlying Lottery) in determining amounts payable to Winning Players.
This means that Lotto247 will pay out to any Winning Player:
(i) the full Type A or Type B prize (as the case may be) advertised by the operator of the Underlying Lottery, when the Winning Player is the outright winner (i.e. in any case where there are no other Type A or Type B prize winners (as the case may be), whether any such player(s) played directly into the Underlying Lottery or placed a bet with Lotto247);
(ii) one-half of the relevant advertised prize amount, where there is one other Type A or Type B prize winner (as the case may be), whether that player played directly into the Underlying Lottery or placed a bet with Lotto247;
(iii) one-third of the relevant advertised prize amount, where there are two other Type A or Type B prize winners (as the case may be), whether those players played directly into the Underlying Lottery or placed a bet with Lotto247;
(iv) such other prize amounts as may be determined by the total number of prize winners in the relevant prize category, based on the same formula applied in (i) through (iii) above.
Please note that all the above-mentioned payout values will be made in the equivalent Rand value.