Advancebet

How do I find out my Advancebet amount?

The available Advancebet amount can be viewed on your Bet Slip. Click on the "Find out" button opposite "Available Advancebet" and you will see the funds available as an Advancebet.

What events can I place my Advancebet on?

Advancebets can only be placed either on Live sports events or on sports events that are due to start within 48 hours.

Terms of Advancebets:

• Additional Advancebets can be placed even if you already have unsettled Advancebets.
• 1xBit reserves the right to offer or refuse this type of bet to customers at its discretion, without providing an explanation.
• Advancebets are offered based on an evaluation of the potential returns from your unsettled bets.
• All bets placed before Advancebets and settled within 48 hours after placing of Advancebets will be used to cover the Advancebets made.
• The Advancebet will be deemed void if the returns from settled bets (placed before the Advancebet) do not cover the Advancebet stake amount.
• Deposits made after placing an Advancebet cannot be used to cover the Advancebet.

Example

Your account balance is 260 mBTC. You have placed the following bets:

• 100 mBTC at odds of 1.5 - potential winnings: 150 mBTC
• 150 mBTC at odds of 2 - potential winnings: 300 mBTC

Your available balance is now 10 mBTC.

We offer you a 100 mBTC Advancebet. You can now place one or more bets with a total stake of 110 mBTC.

You place a bet with a stake of 30 mBTC (10 mBTC from your main balance and 20 mBTC from the Advancebet amount) at odds of 1.5. Your potential winnings are 45 mBTC.

You also place a bet with a stake of 50 mBTC (from your Advancebet balance) at odds of 2. Your potential winnings are 100 mBTC.

Let's consider 3 possible outcomes:

• The bets you placed using the Advancebet amount win. Your expected payouts for the two bets are 45 mBTC and 100 mBTC, respectively. The bets you placed using real money lose. As a result the bets you placed using the Advancebet amount will be deemed void. The 10 mBTC from your main balance that formed part of your Advancebet stake will be refunded to your account.
• The bets you placed using the Advancebet amount lose, but the bets you placed using real money win. Your bets will be paid out as follows: (150 + 300) = 450 mBTC. You used 50 mBTC and 20 mBTC on bets from your Advancebet amount (10 mBTC came from your main balance). The Advancebet stakes are deducted from your winnings (150 + 300) - 50 mBTC - 20 mBTC = 380 mBTC. 380 mBTC is credited to your account.
• Both the bets you placed using the Advancebet amount and the bets you placed using real money lose. In this case, the bets you placed using the Advancebet amount will be canceled. The 10 mBTC from your main balance will be lost.