Fantasy Exchange: In this case, a list of players would be displayed with each player having a pre-determined amount. The base price will be decided based on the players' past performance in live match conditions.
How to Play?
STEP 1 (Home):
- Open the Real11 app and click on the “Player Exchange” icon.
STEP 2 (Choose Match/Contest):
- Select the match you wish to play in, from the available options.
STEP 3 (Trade on a Player Card):
- Select “Fantasy Exchange” from the below-given options.
- For a particular game, a list of players would be displayed with each player having a pre-determined amount. The base prices are decided based on the players' past performances in live match conditions.
- **The amount invested in a player gets refunded if the player is later not selected in the Playing XI.
STEP 4 (Choose Over/Under):
- Select Over, if you consider that the player will score more fantasy points than its base price.
- Select Under, if you consider that the player will score fewer fantasy points than its base price.
- Users can join for less or an equal number of available slots to get matched easily.
STEP 5 (Player Confirmation & Slot Selection):
- You have the freedom to choose the number of player slots. As per your selection, the total amount invested amount will be updated.
STEP 6 (Joined Contest):
Go to the 'Contest' section to keep a track on your joined contests.
Here you can track the Total Player Exchange i.e. Total Investment and Current Returns.
- Total Investment is the amount that you have invested.
- Current Returns is the present value of the cards you have traded upon.
The player cards in which you have invested will be displayed in the list below.
Under it, the Base Price and the Total Investment Value after purchasing slots will be displayed.
If the user selects more slots than are available. In that case:
- Their excess slots will be matched once additional slots become available.
- Any remaining unmatched slots exceeding the updated availability will be cancelled, and the corresponding amount will get refunded.
STEP 7 (Closed Contest ):
- The “Closed Event” tab shows all the completed contests that you have participated in.
- The ‘Final Value’ is the amount you earned from a particular event.
- On the top are the ‘Total Investment’ and ‘Total Final Value’.
- After that comes the ‘Player Card’ on which you have invested, its ‘Base Price’, ‘Investment’ and the ‘Final Value’.
- Upon clicking on the "Fantasy Points" button, a pop up appears which shows the total points accumulated by the player in the match.
STEP 1 (Home):
- Open the Real11 app and click on the “Player Exchange” icon.
STEP 2 (Choose Match/Contest):
- Select the match you wish to play in, from the available options.
STEP 3 (Trade on a Player Card):
- Select “Fantasy Exchange” from the below-given options.
- For a particular game, a list of players would be displayed with each player having a pre-determined amount. The base prices are decided based on the players' past performances in live match conditions.
- **The amount invested in a player gets refunded if the player is later not selected in the Playing XI.
STEP 4 (Choose Over/Under):
- Select Over, if you consider that the player will score more fantasy points than its base price.
- Select Under, if you consider that the player will score fewer fantasy points than its base price.
- Users can join for less or an equal number of available slots to get matched easily.
STEP 5 (Player Confirmation & Slot Selection):
- You have the freedom to choose the number of player slots. As per your selection, the total amount invested amount will be updated.
STEP 6 (Joined Contest):
Go to the 'Contest' section to keep a track on your joined contests.
Here you can track the Total Player Exchange i.e. Total Investment and Current Returns.
- Total Investment is the amount that you have invested.
- Current Returns is the present value of the cards you have traded upon.
The player cards in which you have invested will be displayed in the list below.
Under it, the Base Price and the Total Investment Value after purchasing slots will be displayed.
If the user selects more slots than are available. In that case:
- Their excess slots will be matched once additional slots become available.
- Any remaining unmatched slots exceeding the updated availability will be cancelled, and the corresponding amount will get refunded.
STEP 7 (Closed Contest ):
- The “Closed Event” tab shows all the completed contests that you have participated in.
- The ‘Final Value’ is the amount you earned from a particular event.
- On the top are the ‘Total Investment’ and ‘Total Final Value’.
- After that comes the ‘Player Card’ on which you have invested, its ‘Base Price’, ‘Investment’ and the ‘Final Value’.
- Upon clicking on the "Fantasy Points" button, a pop up appears which shows the total points accumulated by the player in the match.
**Maximum Winning amount will never cross the double of base price.
Suppose the Base Price is ₹50, and the player has scored 150 Fantasy Points. Then the Maximum Winning will be ₹100 and not ₹150. (Not double than the base price)
Note: The platform fee for Player Exchange is set at '6%'.
How to Calculate Your Winnings?
Once a Trade is closed, the distribution of winnings will begin according to the Fantasy Points collected by the Selected Player.
Example: If Player X's App-determined base price is ₹50. Then,
Case 1: If Player X scores 10 Fantasy Points:
- ‘Over’:
Since,
Winnings= Base Price - (Base Price - Fantasy Points)
= 50 - (50-10)
= 50 - 40
= 10
Net Winnings: The user will incur a loss of ₹40 (Winnings - Base Price)
- ‘Under’:
Since,
Total Winnings= Base Price + (Base Price - Fantasy Points)
= 50 + (50-10)
= 50 + 40
= 90
Net Winnings: The user will receive a profit of ₹40 (Winnings - Base Price)
Case 2: If Player X scores 60 Fantasy Points:
- ‘Over’:
Since,
Winnings= Base Price + (Base Price - Fantasy Points)
= 50 + (60-50)
= 50 + 10
= 60
Net Winnings: The user will receive a profit of ₹10 (Winnings - Base Price)
- ‘Under’:
Since,
Winnings= Base Price - (Base Price - Fantasy Points)
= 50 - (60-50)
= 50 - 10
= 40
Net Winnings: The user will incur a loss of ₹10 (Winnings - Base Price)
**Player Exchange Rules-
If a user has already won a contest but the match is cancelled later due to unavoidable circumstances then the winning amount will not be awarded but the entry fee will be refunded. This will also be followed in the case where the player is not included in the Player XI.
We are delighted to inform you that we will be covering the 28% Goods and Services Tax (GST) on deposits to ensure a seamless Real11 experience. Consequently, your complete deposit amount will be credited to your wallet without any deductions.
However, to bear this significant cost and sustain our service, we kindly request your support and cooperation in our decision to gradually convert your ‘deposit’ into ‘winning’ at a set percentage of your cash application. Currently, the Deposit Conversion rate is set at 20%. This means that after each gameplay, 20% of your investment/deposit will be converted from your deposit balance to your winning balance.
We want to emphasise that this conversion will not affect your net winnings. Your winnings will still be transferred immediately and in full to your withdrawable balance.
We greatly value your loyalty to Real11. However, we have found that the practice of daily withdrawals followed by new deposits is unsustainable for us due to the burden of GST. Therefore, we have implemented this deposit conversion system to ensure the longevity of our service.
To help you understand the calculation, let's consider an example.
Case 1: Deposit Wallet: ₹1000, Winning Wallet: Nil
Suppose you deposited ₹1000 and joined a contest worth a thousand rupees. Upon successfully joining the contest, you then won ₹2000. Your net winnings of ₹1000 will be immediately transferred to your withdrawable balance (winning wallet/winnings). 20% of the remaining ₹1000 i.e. ₹200 will be credited to your winning wallet and the unused amount i.e. ₹800 will be credited to your deposit wallet.
Deposit Balance: ₹800 (Initial ₹1000 Deposit - ₹200 Deposit Conversion)
Winnings/Withdrawable Balance: ₹1200 (₹1000 Net Winnings + ₹200 Deposit Conversion)
Case 2: Deposit Wallet: ₹800, Winning Wallet: 1200
Suppose you join a contest worth ₹2000 (₹800 Deposit Wallet + ₹1200 Winning Wallet) and win ₹4000. Your net winnings of ₹2000 and investment of ₹1200 used from your winnings/withdrawable balance will immediately be transferred to your winnings/withdrawable balance.
20% of the remaining ₹800 i.e. ₹160 will be credited to your winning wallet and the unused amount i.e. (₹800-₹160= ₹640) will be credited to your deposit wallet.
Deposit Balance: ₹640 (₹800 Deposit after Case 1 - ₹160 Deposit Conversion)
Winnings/Withdrawable Balance: ₹3360 (₹2000 (Net Winnings) + ₹1200 (Investment used from withdrawable balance + ₹160 (Deposit Conversion) )
We encourage you to continue playing on Real11 and enjoy our exciting sports gaming formats. Rest assured that after a few gameplays, your entire deposit will be in your winnings balance.
Note:
(i) This conversion scheme is only applicable to Opinion
(ii) The Deposit Conversion rate is subject to change in the future.
Please let us know if you require any further clarification.
(By joining this contest you accept Real11 T&Cs and confirm that you are not a resident of Assam, Odisha, Telangana, Nagaland, Andhra Pradesh or Sikkim).
Thank you for your understanding and support.
