Managing A Player's Balance
Ultimate Sports Book
Manager allows you to manage a player's balance many different ways. At the end
of a week, you can run a Balance Summary report and mark all wagers as paid in
full so you can start fresh, or you can keep a running balance, and credit a
player's account when you receive their payment. This page discusses the latter.
Let's take the following
example:
To start, you must allow
payments to be made that exceed the balance due. To do this, check the "Allow
Payments That Exceed Balance Due" box on the Manager Maintenance screen.
Manager's Billing Cycle: Tuesday - Monday (Manager
reviews the week's action after Monday's games have been graded.)
Week 1: Tuesday 9/5 - Monday 9/11:
| Date |
Player |
Wager Result |
| 9/5 |
Pete Rose |
Won $100 |
| 9/6 |
Pete Rose |
Won $100 |
| 9/6 |
Pete Rose |
Lost $500 |
|
9/11 |
Pete Rose |
Lost $200 |
| Week
Ending Balance |
Pete
Lost $500
|
Week 2: Tuesday 9/12
- Monday 9/18:
| Date |
Player |
Wager Result |
| 9/12 |
Pete Rose |
Won $200 |
| 9/12 |
Pete Rose |
Won $700 |
9/13 |
Manager receives the
$500 payment from the prior week. Upon entering the Payouts screen,
Pete's new balance indicates he's to receive $400. It's $400 because
last week's balance hasn't been settled yet, and he's ahead (so far)
this week. To settle last week's balance, click the "Adjust
Debits/Credits" button, and enter the $500 received from Pete as an
Adjustment, and indicate the amount is owed to the Player (click Save
when done). This will generate a player credit, and bring the balance to
$900 -- where it should be.
|
| 9/14 |
Pete Rose |
Lost $700 |
|
9/15 |
Pete Rose |
Lost $800 |
Week Ending Balance
|
Pete Lost $600
|
Week 3: Tuesday 9/19
- Monday 9/25:
| Date |
Player |
Wager Result |
| 9/19 |
Pete Rose |
Won $400 |
| 9/19 |
Pete Rose |
Won $700 |
9/20 |
Manager receives the
$600 payment from the prior week. Upon entering the Payouts screen,
Pete's new balance indicates he's to receive $500. It's $500 because
last week's balance hasn't been settled yet, and he's ahead (so far)
this week. To settle last week's balance, click the "Adjust
Debits/Credits" button, and enter the $600 received from Pete as an
Adjustment, and indicate the amount is owed to the Player. DO NOT
change the Original credit amount. (click Save when done). This will
generate a player credit and bring the balance to $1100 -- where it
should be.
|
| 9/21 |
Pete Rose |
Won $100 |
|
9/21 |
Pete Rose |
Won $100 |
Week
Ending Balance
|
Pete Won $1300
This week, the Manager will send Pete
Rose $1300, and will indicate Pete's balance is Paid In Full. |
Week 4: Tuesday 9/26
- Monday 10/2:
| Date |
Player |
Wager Result |
| 9/27 |
Pete Rose |
Won $100 |
| 9/28 |
Pete Rose |
Won $100 |
| 10/1 |
Pete Rose |
Lost $500 |
|
10/1 |
Pete Rose |
Lost $200 |
Week
Ending Balance
|
Pete Lost $500
|
Week 5: Tuesday 10/3 - Monday 10/9:
| Date |
Player |
Wager Result |
| 10/3 |
Pete Rose |
Lost $100 |
| 10/3 |
Pete Rose |
Lost $100 |
10/4 |
Manager receives the
$500 payment from the prior week. Upon entering the Payouts screen,
Pete's new balance indicates he owes $700 ($500 from last week plus $200
for this week). A Debit/Credit adjustment isn't necessary. Just indicate
the "Amount Paid To Manager" as $500. This will bring Pete's balance to
$200.
|
| 10/7 |
Pete Rose |
Won $100 |
|
10/7 |
Pete Rose |
Won $100 |
Week
Ending Balance
|
$0.00
|
In Summary...
1) If a payment is
received for a prior week, and the player is ahead
for the current week, adjust the player's credit by the payment that was
received.
2) If a payment is received for a prior week, and the player is
behind for the current week, enter the
payment amount into the "Amount Paid To Manager" field.
3) If a player is ahead at the end of the week, pay him and set the "Amount Paid
To Player" as Paid In Full.
Note: This example is to
be used for entertainment purposes only.
