Cash out is an innovative feature offered by online sportsbooks that allows players to end their bet before a sports contest concludes. It is a pretty simple innovation that has helped quite a lot of bettors. Rather than potentially losing all, you get to keep a certain percentage. The feature works for both live and pre-match bet types.
The cash out feature is a way to protect yourself against sudden changes in a game or match. If you notice a game is not moving in the direction you predicted, you can cash out whatever profits you’ve made.
Cash Out Types in Online Sportsbooks
There are three main cash out types you can use in online sportsbooks. Each has its benefits and offers different levels of profits. So you have to know the type of cashout to use. Therefore, below are the three cash out types in an online sportsbook.
- Full Cashout
The full cashout feature at 22Bet allows players to withdraw their entire bet before the event concludes. It is one of the most commonly used cash out options in an online sportsbook. This feature allows you to cash out your entire stake for an early payout. As your bet progresses, the bookmaker will offer you a cash out amount, and if you accept, the bet will be closed. If you do decide to be patient and allow more matches the play, the cash out value increases.
- Partial Cash Out
Certain sportsbooks give players the opportunity to cash out a certain percentage of their wager. In this feature, you get to settle a part of your bet and claim whatever profit, and leave the rest open. Using this feature, you can guarantee yourself some form of profit. You can claim profits from the initial cash out and also from the remaining wager if it is successful.
- Auto Cash Out
This cash out type is slowly making its way into the industry. More sportsbooks are integrating it into their platforms. This cash out type is automated and does not require much heavy lifting. The auto cash option automatically cashes out your bet, when the pre-determined profit level is reached. When placing your bet, you have to enable the auto cash out feature. If the feature is not enabled, it won’t become active.
The auto cash out feature is particularly useful for players who are unable to monitor their bets. Live bettors can also stand to gain a lot from this feature.
The cash out option in an online sportsbook offers a lot of benefits to players. It lets you end your betting escapades with some form of profit or minimal losses. If a sportsbook offers a cash out option it is best to take full advantage of it. When sceptical about your bet, or a particular event, play safe and cash out whatever profits you’ve made.