You can now bet with P/L earned on closed positions without having to wait for the whole event to settle!
This basically means that regardless of whether the final outcome of the event is in your favour or not, any profit you've made from closed positions will be added to you 'Smart Credit.'
Smart Credit is like a special balance or "wallet" you can use to place bets on Sportmarket. It keeps track of the profits you've locked in from bets, even before the event finishes.
Where can I see my Smart Credit?
You can easily check your Smart Credit balance by hovering over the menu at the top right corner of the page. This way, you’ll always know how much you have available to bet.
Here I have placed a bet on the match: Valladolid - Real Madrid:
(the system will always ask you to confirm your bet placement, so it's a good thing to double-check)
I placed a bet on Real Madrid at the start of the match, confident they would win. The bet, with odds of 1.27, is visible under the 'Orders' tab.
Even though I’m confident that Real Madrid will win the Moneyline, I still have the option to cash out the bet just in case something goes wrong. This option is available under the 'Position' tab.
This position currently shows that cashing out would likely result in a loss, but I’m using this match as an example to explain how it works. Even if you cash out or hedge a bet, you’ll secure a profit because one of those bets will end up as a winner - meaning you’ll still receive some funds either way.
Those funds are now shown as a 'Smart Credit' since the match didn't end yet, but I can bet further, without waiting for the bets to settle first to receive my funds.
Note that smart credit is restricted under certain conditions and only available for football for now.
Kindly note that it's required to secure the profit - you would have to bet on the both sides for the Smart credit to work.
Smart Credit will not be accessible if the user has only placed a single bet without securing profit on both outcomes.