The "Cash Out" function allows players to settle a bet before the event has concluded. This feature provides the opportunity to secure a portion of the winnings if the bet is going well, or to minimise losses if the outcome looks unfavourable. The amount offered for cash out is based on the current status of the event and may be lower or higher than the original stake. It's a flexible option, giving players more control over their bets, but it is not available for all markets or events, as such availability is not guaranteed.
Example of using Cash Out:
You have placed a bet on Real Madrid to win on the 1x2 market. With 70 minutes played, Real Madrid have a 1-0 lead, and you would normally have to wait until the end of the match to claim your winnings, assuming they win.
Sportsbet.io offers the option for the customer to Cash Out and lock in potential profit at time of cashing out, or you can decide to wait until the end of the match and hope that Real Madrid manages to hold on to their lead and win the match.
Your Cash Out value is determined by a number of factors including the price you accepted at bet placement, the amount you wagered, and the current live market price of your bet.
Threshold value of Cash Out is 2%. This means that if Cash Out value change remains within 2% it will be automatically accepted.
Note: Cash-Out is not guaranteed for all events, and may become unavailable even if available previously. More info can be found here