कैश आउट

Cash out lets you close a bet early. The sportsbook quotes an amount based on the current live price of your selection, and if you accept, the bet is settled immediately at that figure, whatever happens afterwards. Some books also allow a partial cash out, where you settle part of the stake and leave the rest running.

How the offer is calculated

The fair value of an open bet is its potential return divided by the current decimal odds of the same outcome. The book then shaves a margin off that number.

Worked example

You put $50 on an NHL underdog at +200 (decimal 3.00). Potential return: $150. Midway through the third your team leads 2-1 and its live price is now 1.60.

• Fair value: $150 / 1.60 = $93.75.
• The book offers $88.

Taking the $88 locks in $38 profit. The $5.75 gap between the offer and fair value is the cost of the option. Turning it down keeps $150 on the table but brings back the chance of losing all $50.

What to check

• Cash out is not guaranteed; it can be suspended during play or not offered at all on some markets.
• On a crypto account, a cashed-out bet is credited in the coin you staked.
• Comparing the offer with the live price is the only way to see how much margin you are paying.