Cash-out option – What It Entails and What The Various Options Are
/ January 19, 2020 /
What is the cash-out option?
Cash-out is increasingly popular and many bookmakers have begun to give their clients this feature. Basically, cash out helps you to close your wager and get your money back before the case has finished with certain profit or loss. The percentage you will cash out depends on the current live odds as opposed to the pre-game odds. Let’s check out a more detailed description of cash-out options later.
How does it work?
Let’s presume you’ve put a bet on Tottenham’s Premier League match with Liverpool. The Liverpool is your bet. Draw and the chances you had taken had been 2.00 before the event began. Everything starts with Liverpool Scoring a 34. minute goal. In that scenario, the betting for Liverpool will be your winning bet. Value can decrease more than your original investment, then you will cash out, reducing the risk.
So, imagine Tottenham scores the first goal in the match, and you can remove the amount beyond your original stake by using the cash-out option, and yet make sure you don’t lose it all (if Tottenham can win the match).
In fact, the sum and profit or loss you are offered to take can be measured very accurately for you.
It’s not gambling if you always win! It is the easiest way to make money on sports. Learn all about Sports Arbitrage.
This is how the cash-out option offer looks like:
((Initial bet odds / Current in-play odds) x Initial bet stake) – Initial bet stake
The feature of Partial cash-out
Several bookmakers took a step further by even throwing partial cash out. It ensures that only one third of the original stake can be withdrawn and the remainder kept in place.
The formula for calculating a partial cash-out is the same, but you are adding the sum you want to withdraw rather than the full investment.
((Initial bet odds / Current in-play odds) x partial bet stake) – partial bet stake
Cash-out option pros and cons
The cash out option allows you to have a greater control of your money and bets and to decide if your bet is likely to win or fail in real time. Naturally, you need to respond very quickly in a few more competitive games and determine how the chances and the potential cash out sum can change very rapidly. Of starters, live odds change pretty quickly in tennis and you also need to act quickly.
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