Chase11 is the flagship brand of Chase11 Fantasy. Chase11 is an online gaming platform designed for fantasy sport enthusiasts. Currently, Chase11 offers fantasy cricket portal where every Indian cricket lover, enthusiasts, or analysts can register and play online fantasy cricket. Chase11, hereby, will represent and shall be used as a collective reference to Chase11 and Chase11 App.
Bonus and rewards are part of Chase11 Fantasy loyalty program. The individual user is awarded different types of bonuses and rewards at different stages on Chase11 Fantasy. Cash bonus is totally different from Cash winnings.
By agreeing to the Terms and Conditions of Chase11 Fantasy, the individual user agrees not to share, transfer, or withdraw cash bonuses earned while using Chase11 Fantasy.
At the time of registration, the user will receive a cash bonus of Rs. 30 with an expiration limit of 21 days. The cash bonus of Rs. 30 will be awarded to the user at different stages of registration process and profile updates.
Chase11 Fantasy encourages user referrals by awarding referral bonus to individual users. If you are a registered user at Chase11 Fantasy, you can refer any number of friends and get a cash bonus when you referred friend enters contest and Also referral User have to verify their PAN Card and Bank Account. The referrer will receive 10% of the entry fee as referral bonus up to Rs. 100 whenever the referral user enters a Paid public contest and play with deposit and winning amount. Cash bonus not be consider.
For example, if the referral user enters a contest with an entry fee of Rs. 100, the referrer will receive Rs. 10 as cash bonus. However, the maximum referral bonus from a single referrer is limited to Rs. 100 only. So, if the referral user enters a contest with an entry fee of Rs. 1100, the referrer will receive flat Rs. 100 as cash bonus as the 10% of the entry fee exceeds Rs. 100, which is the maximum referral bonus limit fixed for each referral user on Chase11 Fantasy.
Irrespective of the amount of cash bonus in an individual user’s wallet, only a portion of the entry fee shall be used from the cash bonus and only 1 time 100% cash bonus will be applied in 100% cash Bonus contest for multi entry contest on Chase11 Fantasy Platform. By agreeing to the Terms and Conditions of Chase11 Fantasy, the individual user agrees to add the remaining entry fee using the payment options offered by Chase11 Fantasy to participate in a paid contest.
A minimum withdrawal threshold of Rs. 200 is set for every user on Chase11 Fantasy. By agreeing to the Terms and Conditions of Chase11 Fantasy, the user agrees to withdraw the cash winnings after it reaches the withdrawal threshold of Rs. 200.
All prize money will be subjected to deduction of tax (“TDS”) as per Income Tax Act 1961. As per the new mandate by the Government of India since April 1, 2018, the TDS rate, with respect to any prize winning that is in excess of INR 10,000, is 31.2% of the total prize winning. So, if you win INR 1,00,000 in cash prize on Chase11 Fantasy platform, then a TDS of 31,200 will be deducted from the total prize winning and the remaining INR 68,800 will be added to the user’s wallet on Chase11 Fantasy platform. User can withdraw the final amount using the bank withdrawal option on the platform. The user can withdraw a maximum of Rs. 2,00,000 in a day and Rs. 200 is the minimum threshold limit for withdrawal.
If there are any revisions of the TDS rate by the Government of India in the future, Chase11 will deduct tax as per the revised rate in the future. Winners will receive the TDS certificate in the respect to such tax deductions. TDS need to be confused with income tax. The winners shall be responsible for any other applicable tax on their winnings, including but not limited to, income tax, gift tax, etc.
Chase11 Fantasy platform features various contest modes to offer different options and varieties the individual users while playing Chase11 Fantasy games.
In the regular mode, Chase11 Fantasy offers two types of contests as follows based on price distribution:
Price distribution on Percentage: If the designated contest pool receives more than 1 entry from two different users, then the contest will remain active, irrespective of whether the pool fills up or not. The winning amountwill then be distributed on percentage assigned to each winning given that the contest is active, and the contestentries are less than the total pool size. The percentage is calculated on the amount of total entries received. However, if the total entries are less than the number of winners of the contest, then winning amount will be distributed equally among top 40% of theusers.
All the contests do not feature Price distribution on Percentage. Hence, the contests get cancelled automatically when the pool doesn’t reach the maximum entries limit and the entry fee of each user participating in the contest will get the money back into the Chase11 Fantasy wallet.
By agreeing to the Terms and Conditions of Chase11 Fantasy, the individual user agrees to terms of Price distribution on Percentage when the user enters the contest featuring Price distribution on Percentage.
Pool-based Distribution: In this type of contest, the contest pools do not feature any minimum entry threshold. The contests are cancelled automatically if the pool does not reach its maximum capacity and the entry fee of each user participating in the cancelled contest will get the money back into Chase11 Fantasy Wallet.
In the Blindplay mode, the user chooses the players by picking the position of the player in the Final scorecard. The team list for each team of each match is obtained using the final scorecard from a third-party source. The final scorecard is 99.9% accurate.
The user can only pick a maximum of 7 players from a single team in the Blind Play mode. The user gets 100 credit points for picking players to createentry team for a contest. The user must pick a total of 11 players to create an entry team using the 100 credit points. Credit points are distributed in respect to fair play guidelines. The fair play credit distribution system ensures that the user shall pick players from top order, middle order, and bottom order to create an entry team in the Blind Play Mode.
The final scorecard is the reference that we use to distribute points to each contesting teams on Chase11 Fantasy platform for the match. The final leader board of each contest will be prepared after the match when the final scorecard is live.
By agreeing to the Terms and Conditions of Chase11 Fantasy, the individual user agrees that Chase11 Fantasy shall not be held responsible for any inaccuracies or differences between final scorecards on different cricket websites.