Post
Topic
Board Gambling
Re: FAIRLAY - SPORTS BETTING for experts - highest liquidity, provably best odds
by
Barnstorm
on 14/02/2019, 00:34:11 UTC
Here is Fairlay's unusual settlement policy - under the FAQs, under Info. I was wondering why my funds were taking so long to settle. I placed a larger than usual wager, so a big chunk of my balance is held up for 24 hours. Bummer.

#6 Additional Reserved Funds after April 1st
After April 1st 2018 the amount (stake + winnings) of the largest market settlement of the last 24 hours is not available for betting, transfer or withdraw.  This means that you can only withdraw your entire bankroll if 24 hours since your last settlement have passed. Only the largest settlement is considered, other settlements have no influence on your available funds.

This rule is intended to protect Fairlay from occasional missettlements, which are usually corrected within 24 hours. Exchange and Dice markets are exempted from this rule as missettlements do not happen in these categories.

The amount put on hold is designed in a way that no user can obtain a negative balance if any single market, that was settled in the last 24 hours, is resettled to a different outcome.

In June 2018 we will implement an option to opt out of this rule for an additional non-reducible commission of 0.1% on all market net-winnings.