From July 1 2012, changes in German law have meant that sports betting providers operating within German jurisdiction have been subject to a 5% statutory tax on turnover.
Up until 5 March 2013, Betway had absorbed this tax within their own costs, but are now, regrettably, unable to continue doing so.
As a result, all bets placed by Customers who are resident in Germany will now be subject to a 5% odds adjustment on their returns.
Stake and potential returns as displayed in the betslip will not be inclusive of 5% odds adjustment.
If a customer attempts to withdraw their returns before the 5% odds adjustment has been taken (without enough left in their account to cover the 5% odds adjustment), withdrawal will be voided.
If a customer places an additional bet before the 5% odds adjustment has been taken (without enough left in their account to cover the 5% odds adjustment), bet will be voided.
In both instances, the customer will receive notification from Betway Support of the action taken.
These terms will come into effect as of Tuesday 5 March 2013 00:01 CET.
If you require any further assistance, please click here to visit our Support page.
Note: Deductions are at Betway’s discretion
Last Updated: 25/01/2016 at 9:48 GMT