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 'Events' 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 “Completed” 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 'Events' 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 “Completed” 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 '8%'.
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)
We are pleased to inform you that we will be covering the 28% Goods and Services Tax (GST) on deposits
for a seamless Real11 experience. This means that your entire deposit will go into your wallet without
any deductions.
However, to bear this high 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 100%. This means that after each gameplay,
the 100% deposited amount invested will be converted into your deposit wallet. Your 100% net/remaining
winnings will be transferred to your winnings wallet.
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 winning wallet/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 services.
To help you understand the calculation, let's consider an example.
Deposit Wallet: Rs 70, Winning Wallet: Rs 30
You have joined a contest worth Rs 100 (Rs 70 Deposit Wallet + 30 Winning Wallet).
Now, your total winnings are Rs 200.
- Deposit Wallet Return: Since 100% of your Deposit amount invested is returned to your deposit wallet, i.e., Rs 70.
- Remaining Winnings: After the return of the Deposit Wallet Amount (Rs 70), the Net/Remaining winnings = Total Winnings - Deposit Amount Invested = Rs 200 - Rs 70 = Rs 130.
Note
(i) This conversion scheme is applicable to Fantasy Sports and Games.
(ii) The Deposit Conversion rate is subject to change in the future.
Thank you for your understanding and support.
