Restricted Profit

Restricted Profits on Unsettled Outcomes

Overview: When a patron earns a profit on an unsettled outcome that exceeds $1,000, Sporttrade applies a "Restricted Profits" policy. This article explains what happens to these profits and how they are released.

What are Restricted Profits?

Restricted profits refer to any earnings exceeding $1,000 from an unsettled outcome. Until the outcome is fully settled, these profits remain on hold and cannot be accessed.

How It Works:

1. Unsettled Outcome:
   If a patron places a trade or bet with an unsettled outcome and earns profits exceeding $1,000, Sporttrade will place a hold on the profit.

2. Hold on Profits:
   The portion of the profit exceeding $1,000 will be held by Sporttrade. Patrons will not be able to withdraw or use these funds until the outcome is fully settled.

3. Release of Funds:
   Once the outcome is settled, Sporttrade will release the restricted profits and add them to the patron's available funds. At this point, the funds can be used or withdrawn as usual.

Example:

• A patron earns a profit of $1,500 on an unsettled outcome.
• Sporttrade will place a hold on the $500 portion of the profit (the amount exceeding $1,000).
• Once the outcome is settled, the $500 will be released and added to the patron's available funds.

Key Points:

• Profits below $1,000 will not be restricted, even on unsettled outcomes.
• Only profits exceeding $1,000 are held until the outcome is settled.
• Once the outcome is settled, the full profit is accessible without restrictions.

If you have any questions about restricted profits, feel free to contact Sporttrade customer support.

*Exchange wagering is currently unavailable in Iowa.