Updated: November 11, 2024
Published: September 25, 2024
1xBit AdvanceBet: Bet with Pending Wagers and Low Balance
1xBit AdvanceBet is a peculiar promotion for members who have unsettled bets. As long as you have pending bets despite not having enough balance, the online bookmaker will offer additional funds for sports events you may want to settle.
We will explore this offer with examples to provide further clarity. So, read on and determine if you are eligible for this exquisite betting bonus.
What is 1xBit AdvanceBet Offer?
AdvanceBet is a special offer from 1xBit that allows you to place a bet even if your wallet has insufficient balance, but you need to have unsettled bets in your account.
The betting website has provisions to let you check how much you can bet using Advancebet. Open your bet slip and navigate to the ‘Find Out’ button. Clicking the button will highlight the funds available for your Advancebet.
You must note that you can use 1xBit AdvanceBet only on sports and live sports that will begin within the next 48 hours. Also, the bookmaker will provide you with the Advancebet after assessing the potential returns from your unsettled bets.
Let us look at an example:
Suppose your account balance is 260 mBTC, and you place the following bets –
- 100 mBTC at odds of 1.5 with possible winnings of 150 mBTC.
- 150 mBTC at odds of 2 with possible winnings of 300 mBTC.
This leaves you with a remaining account balance of 10 mBTC. After considering possible returns, the bookmaker offers 100 mBTC, allowing you to place bets with a total stake of 110 mBTC, including your real money balance of 10 mBTC.
Let us further assume you used the 110 mBTC to place new bets. You put a stake of 30 mBTC, using 10 mBTC from your main account and 20 mBTC from the AdvanceBet amount at betting odds of 1.50. Your potential winnings come to 45 mBTC. You also stake 50 mBTC from your AdvanceBet balance at odds of 2.00, with your potential winnings being 100 mBTC.
This will result in 3 possible scenarios –
- Scenario 1: If your AdvanceBet stake wins, but the real money bet loses, the Advancebet money will be voided, and the bookmaker will refund you the 10 mBTC.
- Scenario 2: If your real money bet wins, you will receive the total winnings sans the Advancebet stake.
- Scenario 3: If you lose both your Advancebet and real money bets, the bookmaker will cancel the Advancebet and your 10 mBTC from your previous balance will be lost.
How to Claim the Offer?
The 1xBit AdvanceBet offer does not have a specific claim process—you simply need to have unsettled bets. The bookmaker will notify you about Advancebet’s availability through your preferred mode of communication, after which you can place bets using the Advancebet option once it is available in your account.
Terms and Conditions
As you participate in the 1xBit AdvanceBet offer, there are a few essential conditions to be aware of. Highlighted below are some significant ones –
- You can be eligible for Advancebet only if you have unsettled bets.
- You receive Advancebets after the bookmaker evaluates potential returns from your unsettled bets.
- You can place Advancebets only on live sports or sports events that are scheduled to commence in the next 48 hours.
- The Advancebet will be deemed void if the returns from the settled bets do not cover the Advancebet stake amount.
- You cannot use deposits made after placing an Advancebet to cover the Advancebet.
