Overview
If you earn a large profit on an outcome that has not yet settled, Sporttrade may temporarily restrict a portion of those profits until the event is finalized. This helps ensure accurate settlement and account balances.
What are restricted profits?
Restricted profits are profits over $1,000 that come from an unsettled outcome.
These funds are temporarily held and cannot be withdrawn or used until the outcome settles.
How it works
Unsettled outcome
If you exit a position or hold a winning position before the event settles and your profit exceeds $1,000, a portion of those profits may be restricted.
Profit hold
The first $1,000 of profit remains available
Any profit above $1,000 is temporarily restricted
Restricted profits cannot be withdrawn or used while the outcome is unsettled
Release of funds
Once the outcome settles, any restricted profits are automatically released and added to your available balance.
Example
You earn $1,500 in profit on an outcome that has not yet settled
$1,000 remains available
$500 is temporarily restricted
After the event settles, the $500 is released and becomes fully available
Key points to know
Profits of $1,000 or less are never restricted
Restrictions apply only to unsettled outcomes
Restricted profits are released automatically once settlement occurs
No action is required on your part
If you have questions about restricted profits or settlement timing, please contact Sporttrade Customer Support.
Note: Exchange wagering is currently unavailable in Iowa.
Comments
0 comments
Article is closed for comments.