FAQ, Terms & Conditions – Punt Club

FAQs

How much are the shares in the Punters Club?

Shares are $20 per share.

Can I buy an unlimited amount of shares?

No, you can’t. The max amount of shares per person is 25 which is a total spend per person of $500. 

When will shares stop selling?

Shares will stop being sold at 11:00 am, ACDT Saturday 31st October 2020. 

Should the Punters Club pool reach a size of $200,000 before 11:00 am, ACDT Saturday 31st October 2020 they will stop being sold.

When will the punters club funds be transferred back to members after the punting has finished?

Whatever amount of money is in the punters club pool once the betting has concluded at 6:30 pm ACDT, Saturday 31st October 2020 will be paid out in shares based on a member’s original buy-in to their verified Ladbrokes Account by 8:30 pm, ACDT, Saturday 31st October 2020.

From there the member has any number of withdrawal options to access their money.

Do I need to have a Ladbrokes account to join the punters club?

Yes, this way we can verify you are 18yo and also covers compliance with AML and responsible gambling. The other reason is so that funds can be transferred the same day as the punters club is run back to your account.

You will need to link an existing Ladbrokes account to your Punt Club account or, create a new Ladbrokes account and link it to Punt Club. We will help you through this process within the Punt Club experience. http://support.puntclub.com/manuals/how-to-join-a-club-new-customer/

Who is placing the bets for the Punters Club?

The Punters Panel is respected hosts of SEN Track Winners program Campbell Brown and Jack Heverin. They will be doing the form and be placing the bets on behalf of the SEN Punters Club.

Will I be able to place any bets for the punters club?

No, all bets will be placed by Campbell or Jack, but you will have the opportunity to stay in touch by following the action through the Punt Club dashboard, notifications and respective social media channels. 

Can I pull my money out at any stage during the day of the Punters Club?

No, the funds are all part of the Punters Club pool for the day’s betting activities. Leave Club functionality will be disabled. Whatever amount of money is in the punters club pool once the betting has concluded at 6:30 pm ACDT, Saturday 31st October 2020 will be paid out in shares based on a member’s original buy-in to their verified Ladbrokes Account by 8:30 pm, ACDT, Saturday 31st October 2020. From there the member has any number of withdrawal options to access their money.

Do I need to turn over any funds that are transferred to my verified Ladbrokes account after the club finishes?

No, given the club funds have been turned over as part of the larger punters club pool there is no issue with withdrawing the funds.

If I am self-excluded or have a closed Ladbrokes account can I join?

No, please don’t join. If you do we will by law be forced to refund your purchase.

How will I know which bets have been placed and what our results are?

These will be published and updated in close to real-time via the punt club site and app, on the club dashboard, by push message and email whilst also being posted on other social channels. We will do our best to communicate these as quickly both before and after each race as possible.

Are there any betting guarantees for this Punters Club?

No, it would be irresponsible to make claims that the club will definitely show a profit, but please be assured Campbell and Jack are taking this extremely seriously and want to make this club an enjoyable experience with the aim to educate, entertain and engage with the members while doing everything possible to show a profit for the day without guaranteeing it.

Will the Punters Club still go ahead should the Derby Day meeting at Flemington be postponed or abandoned?

Yes, in this unlikely event we would still run the punters club on the day across whatever meetings are run in Australia that day with plenty of good racing to be run and won.

As a member, can I post comments on the Club dashboard wall?

Yes, although please do so in a fun and respectful manner. We do have the ability as moderator/admin to remove you from the club and commenting if deemed abusive and/or inappropriate.

I am having trouble and need some help?

Head to www.puntclub.com live chat or email goodblokesbet@puntclub.com and we will help you with any query that arises as quickly as possible.

Note – Please do not contact Ladbrokes or the SEN Track as Punt Club are happy to answer all queries and make your experience an enjoyable one. We hope to do many of these for major carnivals and will do our best to get things right and listen to any questions or feedback members may have.


Terms & Conditions

12.9 Venue, Event, Pubs and Clubs specific Punters Clubs – 

  • These are a service by Punt Club created for specific clubs to cater to a specific Venue, Event, Pub, Club or Organisation. These may involve a specific buy-in or shares in club purchased with funds to be distributed based on the amount bought /purchased in the club.
  • There is no guarantee or money back promises that the punters who are betting within and on behalf of the club will produce a winning dividend. This is not an investment with guaranteed returns although best endeavours will be carried out for diligent bet placement, bankroll management and full transparency.
  • All views presented throughout the club’s duration via any social media or video do not represent those of our sponsors or partners.
  • Please note if you have self-excluded or closed your Ladbrokes account do not enter or try to join the club as a member. You will have your payment refunded back onto the card. We have to be very strict here with regard to responsible gambling and compliance. Please Gamble Responsibly. Call Gamblers Help 1800 858 858. 
  • These types of Punters clubs are strictly for people aged 18 years and over. 

Disclaimer

Before using this service, please make sure that you note the following important information.

No Investment Advice

Punt Club is to be used and must be used for entertainment purposes only. Punt Club is not an investment advisor and does not offer any investment products. We have no access to nonpublic information about sporting event outcomes. We are an entertainment product for the administration of punters clubs (social wagering syndicates) and we do not provide opinions or recommendations as to whether a selection made on our platform has any guarantee of success. 

No reliance

Accordingly, we will not be liable, whether in contract, tort (including negligence) or otherwise, in respect of any damage, expense or other loss you may suffer arising out of such information or any reliance you may place upon such information.

Electronic Communications and Electronic Signatures

You acknowledge and agree that you will be bound by any affirmation, acceptance or agreement that is transmitted through this site, including but not limited to any consent you provide to receive communications from us or agreed partners i.e Clubs, Pubs, Organisations, Partners involved in one of these punters clubs solely by means of electronic transmission.  You further acknowledge and agree that when you click on “I agree”, “I consent”, or other similarly worded click or tick options by electronic means using an electronic device such as your mobile phone, tablet, desktop, laptop or any other computing device capable of allowing you to click or tick, your agreement and/or consent will be legally binding and enforceable and will be deemed to be as effective as if you had written your signature by hand.

To view www.puntclub.com websites terms and conditions or privacy policy click the following link https://www.puntclub.com/terms/

To view www.puntclub.com websites FAQ’s click the following link https://www.puntclub.com/faq/

To view www.ladbrokes.com websites terms and conditions click the following link https://www.ladbrokes.com.au/rules-terms-and-conditions

Please Gamble Responsibly. Call Gamblers Help 1800 858 858