▶︎ What is Cash Out in sports betting?
Cash out is an option offered by most bookmakers that allows you to close your bet before the end of the event. This allows users more versatility when making decisions, as they can reduce risks depending on the circumstances of the live match.
Depending on the website we use, cash out can also be called recovery, cash in or closing bet among other names.
►How does cash out work in sports betting?
Let’s imagine that we have made an entry of 2 units to the local winner in the Valencia – Villarreal football match and in the 70th minute the local team scores the first goal. In minute 80 the score is 1-0 but the visiting team seems that they could score the tying goal. If we look at the cash out button, it offers us to cash out with 80% of the potential profits. With this situation, perhaps we are interested in making cash out and leaving with 80% of the profits without risking the local team scoring the tying goal and losing all our investment.
But cash out is not only used to close with a profit, but also to close with a loss. If we have made an entry to more than 2.5 goals and in minute 70 the result is 0-0, the cash out allows us to close our bet without losing all our initial investment, at the risk that from minute 70 they will score 3 or more goals.
Therefore, the two objectives of cash out are to ensure profits when the circumstances of the match favor us or minimize losses when the football match does not play in our favor.
►When is it better to cash out?
As we have mentioned, making cash out serves to ensure profits or minimize losses, therefore if we are in one of these situations, cash out will help us.
Cash out can also be used as part of a strategy. There are many users whose strategy is to make an entry and obtain a percentage of profit or leave with a percentage of losses in case the game goes bad. This would be something close to doing sports trading and we would use concepts like stop win and stop loss.
►What is stop win and stop loss?
The stop win is a trading concept in which the user, as part of his strategy, establishes a maximum profit in such a way that when that percentage is achieved he closes his entry and ensures profits.
The stop loss is a trading concept in which the user closes his entry when he reaches a set percentage of losses when the match goes wrong.