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.
Novig operates on a peer-to-peer trading system, where trades are matched directly between users rather than with the platform itself. This structure eliminates the need for a traditional cash-out feature and introduces alternative mechanisms for managing trades and payouts.
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
How Early Payout Differs from Traditional Cash-Out
Unlike traditional cash-out features, which are platform-driven and allow users to settle trades early for a fee, Early Payout is based on Novig's peer-to-peer trading system. It credits the minimum guaranteed winnings when your combined positions lock in a profit, providing a unique alternative to conventional trading mechanisms.
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?
Additionally, Early Payout serves as a compelling alternative to traditional cash-out features, offering users immediate access to guaranteed funds without relying on platform-driven mechanisms.
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
FAQs
Can I cash out a parlay early on Novig?
No, early cash-out is not available for parlays. Once a parlay is submitted, it is processed instantly and cannot be canceled or refunded.
What is the difference between early payout and cash-out?
Early Payout credits the minimum guaranteed winnings when your combined positions lock in a profit. Unlike cash-out, it is not platform-driven but a result of Novig's peer-to-peer trading system.