What is the Cashout?

A term that appears again and again in the context of betting is the so-called "Cashout". The composition of the words „cash” and „out” indicate the words meaning: A bettor can get his cash, meaning the value of his bet, paid out – even if the event on which he has bet is still running. But when is it worth using the Cashout function? And: Do I get my winnings at the same odds if I had my bet paid out after the game?

First of all, a precise definition

Cashout is generally defined as the possibility of having a bet paid out before the end of the relevant game. So far, so good. But when does that make sense? In almost every sport it happens that individual scenes can decide whole games or even seasons. Bets placed on this particular game can of course benefit from this – or they suffer if this very scene destroys the entire betting slip.

An example: Suppose you’re betting on a combined bet of ten games. Nine of these games have already worked out in the sense of the bet – only the tenth is missing. The jackpot is within reach, the team on which you bet your money is leading. But then a foul occurs – and a player of the favored team is sent off and the bettor has to worry not only about his bet, but much more about his win.

And this is where Cashout comes into play: Instead of hoping for the remaining minutes that the bet will still work despite the sending-off, you could simply pay out your winnings with the Cashout function before the end of the game and let the bet work out. But at what odds is the Cashout paid out? Well, that depends on many factors: In addition to the betting provider and the initial odds of the event, the score and accumulated play time all play a role. So there is no single calculation or formula for Cashout odds, but generally speaking, the more likely the event is to occur, the lower the odds become.

However, in many cases Cashout can really pay off – so before you have to worry about your winnings next time, just get your wager paid out early.

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