What is the cashout feature?
The Cash Out feature allows bettors to settle a wager before the event concludes, enabling them to secure a profit or minimize a potential loss based on the current state of play. The cash-out amount offered is typically different from the original potential payout and is calculated based on the current odds at the time of cashing out.
It's important to note that the availability of the Cash Out option is at the discretion of the sportsbook. Factors such as the current status of the event and the remaining time can influence whether the Cash Out feature is offered. For instance, if the outcome of a match becomes highly unpredictable or the odds are significantly against the bettor, the sportsbook may choose to disable the Cash Out option.
In summary, the Cash Out feature provides flexibility for bettors to manage their bets proactively, but its availability is not guaranteed for every wager or at all times during an event.
Which bets can be cashed out?
OPEN bets are the ones that may have a cashout option. Bets with the cashout option will display a large Cashout button showing the estimated amount you would receive if you choose to cash out.
In the example above, we have three open bets, but only one of them has the cashout option available. If you decide to cash out, simply click on the Cashout button and wait for your request to be processed.
It will only take a few seconds. However, if the cashout option is no longer available or the amount has been updated, you will be notified. In such cases, you will need to resubmit the cashout request, provided the option is still available.