How does Cash Out work at BetObet?
All punters have been in that situation whereby nine of your ten multi bet selections are in but you are not confident about the final leg. In the past you had to just cross your fingers and hope that the last leg would win but always hoped that you could cash out before the last match played out. Well those days are over with the great new Cash Out feature at BetObet. It is now possible thanks to the Cash Out feature. BetObet is among the most popular cash out betting websites and is extremely generous in their cash out feature.
Not only will you find that Betobet’s cash out feature is available for the majority of the betting markets that are on offer, but you’ll also notice that the cash out amounts are fair and reasonable. A confirmed bet will result in the cash out option automatically being activated. This is true both for matches and events that have yet to begin, or for games with just a few minutes left until the final whistle. Whether or not you wish to settle the bet early and accept the proposed cash out amount or ride it out until the end of the game is ultimately up to you. The Betobet early cash out feature puts the power in your hands and is a great tool that can help to both secure profit and limit losses if used correctly.
What exactly is Cash Out in betting?
Cash Out is a feature that online betting companies offer to their players. This feature allows players to settle bets before the end of the game. In reality, the betting company provides an amount to ‘buy' the stake. In general terms, this option is used in two cases: When your bet is close to winning or when it's close to being a losing one. If your bet is close to winning, the betting software proposes an amount. Of course, smaller than the original profit. If your bet is close to losing, the Cash Out amount offered is smaller than the original stake. So, you have a chance not to lose all your stake if your final prediction isn't confirmed. The Cash Out feature is available from the time you placed the bet and used in most cases in live betting. Let’s look at an example to make it clear.
In the game Arsenal vs Liverpool, you bet €100 for Liverpool to win with odds of @2.50. So your target is to make a profit of €150. At halftime, the score is 0:1 for Liverpool. The software offers you the option to Cash Out €180 and to settle your bet as won. At this point, you can accept the proposal and make €80 in profit, no need for you to be involved further with the game. Or you can leave your bet open, to win the full amount (€250) if Liverpool wins the game. In the same game, if Arsenal wins 1-0 at halftime, your bet will have fewer chances to win. The software may offer you a bid of €30 to close your bet. So, you have the opportunity not to lose all your money (€100).
Why do betting sites offer a Cash Out feature?
So, you wonder, why betting sites give you such a chance to cut your losses. The main reason is that the players love this feature. It makes betting more entertaining. It enables the player to 'close' his bet so that he can bet on another game. In this way, bookmakers raise the players' interest in In-Play betting. A second reason is that through the Cash Out button, companies have more profit. It may sound strange to you, but there is an explanation. In the first example, with the score at 0-1 for Liverpool, your company offers a refund of €180.At this point, their odds formula understands that the real chances for Liverpool to win are more than 70%. So, the system offers the betting odds according to this formula. So, in 70% or more of the cases, they would have to pay the full amount. And, there is a 30% or lower of the cases, which they wouldn't pay anything. In the end both the bookie and the player can potentially benefit from the Cash Out feature.
To get more information about BetObet, you can head over our BetObet review.
