Knowledge base Cash Out

Cash Out Knowledge base

Cash-out in betting, what is it?

Cash-out became one of the most demanded features a sportsbook might have. So, what exactly betting cash-out is? On this page, you would be able to find all the necessary information about cash-out betting and how to start using this feature. Here at Getfree.bet we use cash-outs often and we advise you to carefully study this article. Cash-out option in betting is an in-play and live betting feature some bookmakers offer punters. The main idea is that cash-outs are made live, any time before the final whistle of the referee. Simply put, you can receive some of your money back when the match is going against your favor. Or secure your winnings if everything is going ok and you just don’t want to risk losing at the last minute. The amount of money you can cash out strongly depends on the current result of the match and its time period. 

How does cash-out betting work?

For example, you have placed a bet of 100 EUR on the home win with odds of 1.9. Your potential winning is 190 EUR. Imagine, the home team is leading 1-0 by the 65th minute of the match. Bookmaker offers you to cash out 155 EUR and guarantee it even if after the final whistle the winner will the away team. On the other hand, you can reject the cash-out and win all 190 EUR. However, from this point, you take all the risks of losing your bet in the last 25 minutes.

Who wins using cash-outs?

You might be confused that some bookmakers give punters more opportunities to minimize their risks. You might be wondering what are their profit from this. Bookmakers also minimize their losses, when punters constantly cash out. Usually, sportsbooks save money by paying out fewer wins as prices for cash-out are quite less than full winning. However, it shouldn’t scare players, because cash-outs provide a lot of advantages for them as well. Punters can return some amount of the stake if the bet most probably would lose or secure it if it is better to avoid risks.