You no longer have an excuse to lose your entire bankroll on sports betting. Indeed, even if expert bettors regularly fail to find the right predictions, they use the cashout option to limit the damage.
If you have never heard of the cashout option, you have come to the right place in the guide to enrich your knowledge of sports betting and win online.
What is cashout?
This is an option offered by sportsbooks allowing players to close their sports bet before the end of a meeting. The site offers at any time to redeem the bet at a defined amount , a proposal that the player can accept or ignore.
Cashout is generally offered directly to recover part of your winnings or to limit your losses. The cashout option is relatively recent on the platforms of sportsbooks Indeed, if the first online sportsbooks saw the light of day at the end of the 90s, the cashout option only appeared in 2010.
There are two types of cashout at most sportsbooks, we will now explain the differences between total and partial:
- The total cashout allows you to withdraw your entire wager against a redemption amount from the sportsbook. Once made, there is no more swager and it is no longer possible to win a real win if the bet turns out to be a winner.
- Partial cashout allows you to withdraw only part of your wager against a redemption amount from the sportsbook. Once made, part of your stake is still in play and if the bet turns out to be a winner, you will receive the winnings associated with the remaining stake multiplied by the total odds.
In conclusion, you can either decide to take the entire amount offered by the sportbook or to take part of it to leave your wager and the possibility of winnings with the real odds that you have chosen.