Sports betting sites are constantly improving their services, and one of the most developing features at the moment is Cash Out. With it, you can close a bet before the end of the game. In this guide, we will explain when and why it is convenient to use Cash Out.
How does Cash Out work?
What games offer Cash Out?
Why does the value of Cash Out change?
When should we use Cash Out?
Advantages and disadvantages of Cash Out
WHAT IS CASH OUT AND HOW DOES IT WORK?
Cash Out is one of the newest features offered by online bookmakers. Its great popularity means that this service is in constant development.
Cash Out allows players to close a bet with the game still in progress. This means that, before the end of the game, you can close your bet with odds adjusted according to the outcome of the moment. The available value is calculated based on the momentary probability of the final result of the game, which can be higher or lower than the initial bet amount. Cash Out appears to be a simple resource, but in practice, it can be difficult to understand when is the right time to use it.
EXAMPLE: YOU BET ON THE VICTORY OF BARCELONA OVER REAL MADRID AND …
Situation 1: Barcelona are winning 1-0 at 15 minutes of the second half.
With that resulting, you are on your way to winning your bet. You can choose whether to cash out the amount currently offered by the betting site or wait for the match to end. If you choose to cash out, you will profit and receive more than your initial bet. However, this amount will be less than the amount paid if you wait for the end of the game and win the bet.
Situation 2: Real Madrid are winning 1-0 at 15 minutes of the second half.
With that resulting, you are on your way to losing your bet. Here, you can also choose whether to Cash Out the amount currently offered by the betting site or wait for the end of the match. If you choose to cash out, you will have a loss and receive a lower amount than your initial bet, given that you are on your way to losing your bet.
Cash Out at Football Games
EM QUAIS JOGOS POSSO USAR O CASH OUT?
The games where Cash Out is available vary between different sports betting sites. It can be used for both single and multiple bets, where available. Therefore, if you decide to place a multiple bet with matches that start at different times, close the multiple bet before the starting whistle of the match that starts first.
AUTOMATIC CASH OUT AND PARTIAL CASH OUT
Some betting sites offer automatic Cash Out, where you set an amount that is satisfactory to win with your bet. If this value is reached during the match, the withdrawal is made automatically.
In addition to automatic Cash Out, some betting sites offer Partial Cash Out, where you have the possibility to close only part of the bet, leaving the rest active.
BEST CASH OUT BETTING SITES
Cash Out is highly sought after by bettors today, causing most online bookmakers to offer and develop this feature. Visit our page where we list the best Cash Out betting sites to learn more. In advance, we can state that Bet365 is the betting site that offers this feature most fully.
Best Betting Site with Cash Out
Bet365 is the betting site that offers Cash Out more fully. The number of games where this feature is available is large. In addition, users can choose between full, partial or automatic cash out, both in single and multiple bets.
WHY DOES THE VALUE OFFERED FOR CASH OUT CHANGE ALWAYS?
The amount offered by the betting sites for Cash Out changes according to what happens in the match. In practice, this value is determined by live odds, which are constantly updated. The amount offered will be higher if you are close to winning your bet, and less if you have a good chance of losing it.
WHEN SHOULD WE USE CASH OUT?
It is not always easy to decide when to close a bet. Should I close the bet before the end to guarantee a profit or decrease a loss? Is it better to wait for the end of the game to increase the winnings? This decision will depend on your momentary assessment of the match, your feeling of being close to winning the bet or not.
An example where Cash Out can be favorable is when your team is winning by 1-0 but receives a red card or is under pressure from the opponent. In that case, the risk of your team suffering a goal is imminent, and you will profit more by ending your bet before that happens.
ADVANTAGES AND DISADVANTAGES OF CASH OUT
Cash Out is a resource that has its positive and negative points, see what they are:
Quick access to cash – You can always use Cash Out if you need a quick top-up. When you close a bet, the money goes directly to your account.
Guarantee a profit – Imagine that you are winning a bet, but your team receives a red card or is under great pressure from the opponent. In this case, there is a risk that the result may change suddenly. Using Cash Out before this change can guarantee you a profit.
Reduce a loss – If you realize that you are not going to win a bet, using Cash Out can be a way to reduce your loss.
Cash Out Value – Betting sites always offer a lower value for Cash Out. Therefore, if you use it frequently, you will end up losing money.
Wrong decision – You can close a bet thinking you would lose it, but you win in the end. Usually, regret is more painful than loss.
Cash Out takes the fun out of betting – By worrying a lot about Cash Out, you end up focusing all the time on the amount offered, forgetting to enjoy the emotions of the game.