What Cash Out means
Cash out lets you settle a bet before the game finishes, locking in a smaller guaranteed profit - or a reduced loss - instead of letting the original bet ride to its natural conclusion. The cash-out value offered is calculated by the sportsbook's live pricing engine based on the current in-game win probability of your bet, and it always builds in a small additional margin for the book on top of the fair value, meaning cashing out repeatedly, as a habit, tends to cost a disciplined bettor money over the long run compared to letting bets play out.
Key points
- Cash out lets you settle a bet before the game finishes, locking in a smaller guaranteed profit - or a reduced loss - instead of letting the original bet ride to its natural conclusion.
- The cash-out value offered is calculated by the sportsbook's live pricing engine based on the current in-game win probability of your bet, and it always builds in a small additional margin for the book on top of the fair value, meaning cashing out repeatedly, as a habit, tends to cost a disciplined bettor money over the long run compared to letting bets play out.
Example and context
The cash-out value offered is calculated by the sportsbook's live pricing engine based on the current in-game win probability of your bet, and it always builds in a small additional margin for the book on top of the fair value, meaning cashing out repeatedly, as a habit, tends to cost a disciplined bettor money over the long run compared to letting bets play out.
Related glossary terms
These terms sit in the same part of the betting vocabulary and are useful to read next.
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