Cashout is a feature that allows you to settle your bet before the event you bet on has finished. You can secure a profit or minimise losses by cashing out early.
How does Cashout work?
Once you place a bet, if the option is available for that event, you will see a Cashout amount offered. This amount changes dynamically based on the current status of your bet and the likelihood of winning.
When can I use Cashout?
Cashout is typically available for live events and some pre-match bets. Availability depends on the sport, event, and betting market.
How is the Cashout amount calculated?
The amount offered depends on the current odds and the potential outcome of the event. If your bet is likely to win, the cashout value will be closer to your potential winnings. If it’s likely to lose, the cashout amount will be lower, possibly less than your original stake.
Can I cash out part of my bet?
Some platforms offer partial cashout, allowing you to cash out a portion of your bet while leaving the rest active. Check if this option is available on your betting site.
Are there any fees for using Cashout?
Generally, no fees are charged for using Cashout, but the cashout amount may be slightly lower than the potential full winnings as a trade-off for guaranteed early settlement.
What happens if I don’t cash out?
If you don’t cash out, your bet will remain active until the event finishes, and your winnings or losses will be settled based on the final result.
Can Cashout be used on all sports?
Cashout availability varies by sport, event, and market. Popular sports like football, basketball, and tennis often support Cashout, but it may not be available for all.
Why is Cashout not available on my bet?
Cashout might be unavailable if the event is near completion, the market is suspended, or the betting site does not support cashout for that specific bet.