About this Video

• Video Title: SportsEdge Sheets 2/4 - Cash Holding
• Channel: sportsedge
• Speakers: (Speaker name not provided in transcript)
• Duration: 00:09:36

Introduction

This video lecture explains SportsEdge's internal accounting system for "cash holding," defined as the money a user holds on behalf of SportsEdge in their bank account, separate from funds within sportsbooks. The video uses examples to illustrate how cash holding is tracked, updated daily, and reflects transactions like deposits, withdrawals, and salary payments.

Key Takeaways

• Cash Holding Definition: Cash holding represents money held in a user's bank account specifically for SportsEdge, distinct from funds within sports betting accounts.
• Transaction Tracking: The system tracks cash holding as a rolling balance, updated daily to reflect deposits (positive changes) and withdrawals (negative changes), including salary payments (negative changes).
• Salary Payments: Salary is deducted directly from the cash holding balance. If the balance reaches zero or negative, funds are withdrawn from the user's sportsbook accounts to cover the difference.
• Spreadsheet Accuracy: Accurate record-keeping using formulas in the provided spreadsheets is crucial, and any discrepancies should be addressed with a team lead or administrator.
• Communication: Users should communicate any negative cash holding balances via chat to their team lead or administrator.