If you are a big fan of betting, the cash-out option would be something truly exciting for you. It lets you get your money back on the bet you have placed even before the event has finished.
However, the amount of money you get back depends on various factors. It usually depends on your chances of winning, so in that sense, the amount of money you get back will be more or less than the initial amount that you have put on stake.
Where Can I Use Cash-Out Option?
- 1 Where Can I Use Cash-Out Option?
- 2 How Does A Cash-Out Offer Work?
- 3 How Is The Cash-Out Amount Calculated?
- 4 When Should You Consider Cashing Out?
- 5 What Is Partial Cash Out?
- 6 Is Cash Out Valid When I Am Playing With A Bonus Token?
- 7 What Does It Mean When I Can’t See The Cash-Out Icon?
- 8 Is There A Delay In Cashing Out?
- 9 Conclusion
Cash-out is usually offered when you are playing in-play bets. That means you can withdraw a bet while the event is in progress and not settled yet. If you have placed a bet on a horse race, you have the option of cashing out until the race is finished. There might be a slight time delay based on the actual result of the match, so the option could become unavailable seconds before the final moment.
Also, it completely depends on the sportsbook or bookmaker you are playing with if they offer this. The offer for cash out will depend completely upon the events of the live game. The cash-out offer you have will become increasingly volatile as you get closer to the end. Your chance of winning will also keep changing. It is also possible that the option will not even be available after a certain point in the race.
We have all had moments of doubt when we want to call off the bet after we have placed. This could be due to the reason that an accumulator has been ruined, and you won’t get to win a large amount of money you were hoping to win. By cashing out, you get a chance to save your money. Cashing out always does not come at the right conclusion. It could be possible that when you cash out, you end up regretting the decision later because the event of the match plays out in your favor.
How Does A Cash-Out Offer Work?
Consider a scenario where you have placed a treble bet on a football tournament for three teams to win at 1/1, 3/1, and 4/1 stakes. You have placed a bet of €10 with the total cost of the treble bet at €30. If both the predicted teams win, then you stand to win €. Let’s say there are only 10 minutes left for the games to win and the teams you have picked are all winning, and the bookmaker offers you cash out value of €200. This means, if you cash out right then and there, you will get to keep €$200. If any of the teams lose after this point, your cash-out amount will not be impacted.
If you had chosen to stay in the game and one of your teams end up losing, you stand to lose much more. You can cash out a bet pre-play, in-play, and in between races. bet365 is one of the top cash out bookies out there.
How Is The Cash-Out Amount Calculated?
Let’s keep one thing in mind when you are considering a cash-out option. Bookmakers are not there to lose out on business. If they are offering cash-out value, they might be doing that only because they stand to gain from you taking the cash-out option. It gets calculated with the following formula –
A decent value of cash out = potential winning amount / offered odds at the time
When Should You Consider Cashing Out?
If you are placing a bet on Spain vs. Argentina, and the odds on a single bet to win for Spain are 5/1, you will win €50 on a bet of €10. While half time rolls in, Argentina is leading 3-2, and you decide that you will wait and watch. If you cash out at this point, the odd they are offering is 5/2, so you will get €25.
After 15 minutes, Argentina is still leading but the cash-out option has become 2/1, or €20. If you are sure that there is little chance that Spain can make a comeback and win, you should take the option to cash out at €20. Even if Spain does not win, you still get to make a profit, which is what it is all about.
At the same time, if the scoreboard was 3-2 and Spain still had a kicking chance while there were 15 minutes left in the game, and Argentina got a player sent off, you could take a chance on Spain and not cash out.
The scenario depends on the status of the game and what kind of leverage you are getting. While your aim should always be to keep the loss at a minimum, you can take a risk depending on the status of the game.
What Is Partial Cash Out?
You can either cash out the whole amount you have a bet or cash out part of it, depending on what your bookmaker allows. This will minimize what amount you can end up losing. But the problem with partial cash out is that you will also have a reduced return if you end up winning the bet.
Either way, partial cash out should be considered when you are not confident about the outcome and want to minimize your loss.
Most bookmakers will have an option to cash out part of my bet as an option, where you can specify how much you want to take out of the bet. The odds will be offered at the current rate.
Is Cash Out Valid When I Am Playing With A Bonus Token?
Most bookmakers will honor cash out even when you are playing with a bonus or free token. After you have cashed out the bonus amount will be added to your account balance as bonus money, and not real money. It works just like it would with real money, except it is added to the bonus pile.
What Does It Mean When I Can’t See The Cash-Out Icon?
Cash-out is an option offered for selected bets. There is a possibility that cash out is not offered for the bet you have placed, which is why it is unavailable. Make sure to check if the market you are picking has the cash out icon available. If not, the market will not be considered for cash out. Ensure that the market you are picking is in-play, as cash out is offered in-play. Your bet also should not have any linked selection.
In some cases, the offer for cash out might be suspended. You have to understand that betting markets are volatile and subject to change at a rapid rate. When some event occurs that can change the outcome of the match, such as a player scores a goal, then the chances of winning or losing can change. When there is a market suspension, there will also be changed in the prices offered on the bet. This means any cash out you have placed immediately before the event could get automatically rejected, and cash out will be offered at a new rate soon.
Another thing to look out for is if the betting is suspended. Usually, when betting is suspended in a market, there is a chance that cash out will also be suspended.
Alternatively, if the current cash-out offer will make your payout zero, the cash out will get suspended automatically. This can happen depending on the outcome of the game, and the progression of events. At this time, your only option will be to wait for the match to play out and the bet to get settled.
Is There A Delay In Cashing Out?
There are always delays set by the bookmaker in in-play events to make sure that the player has some time to cancel bets they don’t want to keep. If you have placed cash out request and the market suddenly become volatile, then the cash-out could get canceled.
You will know if your cash out has been successful when you see the message by the bookmaker. Alternatively, you will see a message of failure in case the cash out has not been processed.
A successful cash out means the money will be returned to your account instantly.
A cash-out bet can be the best friend of a player who knows the opportunity. It is a great tool to minimize your loss and keep you playing. It might seem impossible to give up hope when your team has a chance to win, and cash out, but in a bigger scheme of things, it could save you a lot of money.
Bookmakers will give you offers that suit their interests, It is a convenient option that players enjoy immensely, and you should ensure your bookmaker has it before signing up.