2 minutes to understand Cash Out
In a perpetual quest for new members, sports betting sites have to innovate and present ever more attractive options. Today, we will talk about cash out. The name may not mean much to you, but it is a rather interesting feature, but one that is not well known to many punters. The cash out is an option whose objective is to secure your bet as much as possible. Find out more about this innovation in the review dedicated to it.
Cash out: what you need to know
Cash out is a feature integrated by most bookmakers to attract new customers. The principle is simple, the sports betting sites offer you an option that gives you the possibility to minimize your losses by allowing you to buy back your bet. This tool is a guide to getting started in sports betting.
This is a live practice that offers punters the opportunity to close their bet before the end of the match on which they have placed a bet. Conventionally, you place a bet and then wait for it to win or, at worst, for it not to go through. The cash out feature allows you to cash out your stake well before the end of the event. For example, if you bet on a team and they are ahead with 10 minutes to go, you can use the cash out option to cash out some of your winnings. However, it is no longer possible to cash out the full probable winnings if your bet goes through after using the cash out option.
The two types of cash out
There are two possibilities for cash out:
- Total cash out
- Partial cash out
The former means that your bet is fully secured and suspended while the latter offers you the opportunity to determine how much to secure. The latter (partial cash out) allows you to automatically recover the partial cash out amount and puts the other part of your bet on hold until the end of the match. If at the end of the match your bet wins, the amount of your winnings will be calculated according to the starting odds and the other part of your stake remaining in play.
Case study
Here is an example to help you understand how cash out works:
For a bet that started out to be a winner, you placed a bet of KES10 on Team A winning against Team B. The starting odds for this outcome are 1.50 and you are potentially expecting a payout of KES15 (KES10 × 1.50). The team you bet on (Team A) is leading 2-1 in the 80th minute, but you have doubts about their final victory because of the prowess of the opposing team at the end of the match. The bookmaker can offer a cash out of KES12 which you can activate if you wish. You will then have won KES12 instead of potentially KES15. The advantage is that even if team A were to fall behind, you would still have made a profit of KES2.
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Summary:
| Master the CASH-OUT | in Kenya |
| in 2 minutes | with the cash-out guide |
