Cashout is the possibility of redeeming a bet, which is offered to all players of the bookmaker’s office. Let’s look at an example.
The bettor bets $100 on the match between Real Madrid and Bayern. He bets on the victory of the Germans. The bookmaker gives odds of 3.0 on W2. After 15 minutes of the game, the Germans had already opened the scoring. For this reason, the P2 coefficient fell to 1.7. And then the game went in favor of the opponent. The next 20 minutes of the match showed that there were a lot of doubts about Bayern’s victory. After 35 minutes, the W2 coefficient dropped to 1.5.
If the bookmaker provides Cashout, then the player will instantly make a profit without even waiting for the end of the match.
The calculation here is simple.
(Bet amount*(Initial odds-1)-Bet amount*(Cashout coefficient-1))/Cashout coefficient
For example:
(100*(3-1)-100(1.5-1))/1.5=(200-50)/1.5=100 dollars
That is, if you make a cashout in 35 minutes from the start of the match, then the bettor’s net profit will be $100.
It is necessary to take into account the fact that all bookmakers, without exception, underestimate the amount of cashouts. Instead of the estimated amount of $100, the player will receive only $80-90.
How do I use Cash Out?
Cashing out a bet can be useful for a beginner or for a bettor who makes a hasty decision. Let’s take a look at the example of tennis betting.
Sometimes, just one point can change the current odds. The pause between draws will be some 30-40 seconds. This is not enough to calculate the total amount of cashout on your own. This is exactly the reason why automated software is very useful.
The bettor will need one click to withdraw the bet money and open new bets in other markets.
Cashout will help out a lot in the event of:
- live games, which are limited in time;
- bankroll scrolling according to the strategy;
- hedging and insuring personal bets.
With the help of cashout, you can minimize losses and increase profits. This option is especially useful for privateers who choose a quick game strategy or use scalping (games with minimal fluctuations in odds).
When choosing a bookmaker that offers cash out, you should pay attention to the cashout margin. Basically, in the market, the standard is 10%, which is equal to 90% of the real amount.