The cash out function was invented to give live betting an extra dimension. As a player, you get the chance to take your profit or to limit your loss. You do this by ending the bet early.
At any time during the match, a player can make the decision to withdraw from a bet. The bookmaker will now refund part of your money. During the match, the bookmaker will constantly indicate the amount of money they will pay you at that time.
How Does the Cash Out Option Work in Practice?
If your bet is on profit, you can withdraw part of your winnings by using cash out. PSV is ahead 1-0 against Ajax 10 minutes before time, and you win 300 euros if this is still the case after 90 minutes. You think that Ajax will still score and that you will lose all your money. That is the time to, for example, have 180 euros paid out.
The bookmakers always adjust the amount of the cash out. The cash out button is clearly present, and you can decide at any time not to take any further risks. Of course, you always get less, and this feature is usually beneficial to the bookmaker.
First read the general terms and conditions that the bookmaker sets when it comes to the cash out function.
Cash Out if You Are Losing
It may also be that you have bet 100 euros on the favorite, but they play badly and are behind. The bookmaker offers you 50 euros by means of the cash out. You can now stop the bet via the cash out button and take a loss of 50 euros.
If your original bet still wins, you have made the wrong choice.
Partial Cash Out
Most bookmakers also offer partial cash out. You allow part of your bet to be paid out, and you continue to play part of it.
Advantages of a Cash Out
An advantage of the cash out is that you are sure of a profit. You don’t have to wait anxiously for the end of the game. Sometimes it can be a smart choice.
The advantage is also that you can limit the loss. The team you bet on is 2-0 down and has a red card. You can then choose to at least get something in return.
Disadvantages of Cash Out
You don’t win as much as you would if your bet would play to the end. This can make you disappointed. You deprive yourself of the chance for more profit and the healthy tension is also gone with the push of the cash out button.
Another disadvantage is that the bookmakers already set a margin on your original bet. They do this again at the cash out. In the long run, the bookmaker is the one who benefits the most from the cash out.
Cash Out Not Available
There are times in the game when you cannot use the cash out feature. You have to think of the moment that a penalty or red card is given. The cash out option usually also expires during injury time.