What Is Early Payout?
Realized PnL represents the portion of your profit that is guaranteed based on your current positions. When you place trades on both sides of a game (also known as hedging), Novig can calculate the minimum amount you are guaranteed to receive, regardless of the game’s outcome. This guaranteed amount is instantly credited to your account, providing immediate liquidity and reducing risk.
How Does It Work?
When you hedge your trades by taking positions on both sides of a game, part of your potential payout becomes certain. Novig’s system recognizes this guaranteed portion and pays it out to you instantly. The remaining potential profit will be settled after the game concludes, depending on the actual outcome.
Key Benefits:
Instant Payouts: Receive immediate funds for the guaranteed portion of your trades
Reduced Risk: Hedging allows you to minimize potential losses
Improved Liquidity: Use the instant payouts to place additional trades
Step-by-Step Example
Let’s walk through a detailed example to illustrate how Early Payout works.
Scenario:
You’re trading on a football game between the Eagles and the Giants.
Odds:
Eagles to Win: -125
Giants to Win: +117
Your Trades:
Trade on Eagles: You place a $150 trade on the Eagles to win at -125 odds
Trade on Giants: You place a $100 trade on the Giants to win at +117 odds
Total Paid: $250 ($150 on Eagles + $100 on Giants)
Potential Outcomes Without Early Payout:
Outcome | Total Return | Total Paid | Net Profit |
Eagles Win | +$270 | -$250 | +$20 |
Giants Win | +$217 | -$250 | -$33 |
Guaranteed Minimum Return:
The minimum amount you’re guaranteed to receive regardless of the outcome is $217, which is the minimum return of the two scenarios.
How Early Payout Applies:
Instant Payout: Novig instantly credits the guaranteed $217 to your account
Remaining Amount: The potential additional $53 (if the Eagles win) remains pending and will be settled after the game
After the Game:
If the Eagles Win:
You receive the additional $53
Total Received: $217 (instant payout) + $53 = $270.
If the Giants Win:
No additional payout
Total Received: $217 (instant payout)
Final Outcome With Early Payout:
Outcome | Instant Payout | Additional Payout | Total Received | Net Profit |
Eagles Win | +$217 | +$53 | +$270 | +$20 |
Giants Win | +$217 | +$0 | +$217 | -$33 |
Why Do Users Love Early Payout?
Strategic Flexibility: Access your guaranteed funds immediately to trade
Risk Management: Secure a portion of your trade, minimizing exposure to unpredictable outcomes
Enhanced Trading Experience: Enjoy quicker settlements and more control over your funds
How to View Your Early Payout
You can track your instant payouts and remaining positions through your Transaction Log:
Log In to your Novig account
Navigate to the Account Screen
Go to View All Transactions
Look for entries labeled Instant Payout
Review the details of each transaction, including amounts and timestamps