Common comparison error
Refund rate applies only to defined tie, void, cancellation, or protection states; it is not the net payout on a win.
GlossaryPricing & settlement
Refund rate
The percentage of stake returned when a contract ties, is voided, or qualifies for loss protection. Refund rules can change the effective result.
Practical use
How to verify Refund rate
Read Refund rate together with Effective payout rate, Full-loss settlement, Loss rebate. The comparison must preserve the exact rule, value, state, and evidence described below.
A neutral example
A 100-unit contract refunds 100 on a void, 20 after an eligible loss, and zero on an ordinary loss. The review labels each state and balance type before recalculating expected value.
Evidence path
Where to verify Refund rate
Use the source that governs the exact contract, account, entity, or platform state. A general definition cannot replace current broker terms.