Is "Cash out" feature profitable in sportsbook?

[fox19891989]

Hi, guys! I notice bet365, williamhill, betfair and some other sites offer "Cash Out" feature, but i never tried there, currently i don't find any reliable BTC sportsbooks have this feature, but i wanna try to bet that.

I hope the best bookies like betcoin.ag, cloudbet will offer this kind of special feature.

And guys have you ever tried "Cash Out" before, and is this profitable? Share your views, thanks!  

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[1714966425]

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[marioantonini]

Depend of more factor.example, if you bet to bet with low odds, (under 1.5-2) for me not have more sense cash out, because you win very low money.
if people like cashout option in sport bookmakers, is better play direct to betfair and balance the bet in live

[SyGambler]

I tried to search about cash out in google , but couldn't understand with this means
can you please explain it for me buddy , I have never tried the mentioned sportsbooks cause they all don't accept my country but now I'm curious about this feature

[fox19891989]

I tried to search about cash out in google , but couldn't understand with this means
can you please explain it for me buddy , I have never tried the mentioned sportsbooks cause they all don't accept my country but now I'm curious about this feature

The Cash Out feature allows you to take a return on your bet before the market for your chosen selection(s) closes. This allows you to take a profit if your selection is doing well, or minimise any potential loss should you think the bet is unlikely to result in a win.
Subject to acceptance by us, you can Cash Out your bet for the return amount offered on the Cash Out button on your Bet Slip. This is based upon live market prices which may be greater than or less than your original stake.
All you have to do is monitor the Cash Out return amount and the performance of your bet and when you are happy with the amount offered, click on the Cash Out button.
If your Cash Out request is successful, your bet will be settled immediately and any funds returned to your account will be equal to the amount shown on the Cash Out button on the Bet Slip. The bet is settled and the final result relating to your bet will have no impact on the amount returned to your account.
Alternatively, using the Cash Out slider you can choose to Cash Out a portion of your bet and leave the remaining stake to run. To enable the Cash Out slider click on the icon to the right of the Cash Out button on the Bet Slip.
Cash Out is available on selected markets both pre-match and In-Play, on single and multiple bets, for a variety of sports including Soccer, Tennis, Horse Racing and Basketball. The Cash Out slider is available on single bets and straight accumulators only, it is not currently available for other multiple bet options.
Cash Out Examples:
A five-fold Soccer bet is placed where four matches are played on Saturday and the fifth match played on Sunday. All four selections for matches played on Saturday are successful and only the one selection taking place on Sunday remains. Based on the odds of the successful selections and the odds of the remaining selection, you will be offered a Cash Out return amount. You can either take this amount or let the bet continue to its natural conclusion. If you still wanted to keep an interest in the last match, you could use the slider to Cash Out a portion of your bet, while leaving the remaining stake to run.
A single match-winner Soccer bet is placed on Team A before kick-off. With 20 minutes to go, Team A is winning 2-0 and are heavy favourites to complete the win but obviously there is the risk of a late comeback from Team B. Cash Out offers you a return amount that removes the risk.
A single match-winner Soccer bet is placed on Team A before kick-off. At half-time the score is 0-0 and your selection looks unlikely to score and win the match. Cash Out offers you a return amount that may be below your original stake amount but which does give you the chance to get back some of that stake instead of only being able to watch the bet play out to a loss.

you can find them in this page  http://help.bet365.com/en/faq/faq-sports 

[shanem]

I wish sportsbook accepting crypto can have the cashout feature. This is very useful in basketball. They are some times when the team you bet is leading by a huge margin but the opposing managed to knick it in the end. With this cashout feature, you can ' cash out ' while your team is leading.

[samuel999]

wow never heard of that before! That would be pretty cool, I might have to go check out a fiat site to see what that's all about.

[erwin45hacked]

With this cashout feature, you can ' cash out ' while your team is leading.

There are actually two function with this cash out feature , to minimize bettor's risk as well as to minimize sportsbook's risk. If you are cashing out while your team ahead, you will get a good return and sportsbook will be safe from paying the full amount incase the team actually win so it works for both party and not just players

[lorylore]

I wish sportsbook accepting crypto can have the cashout feature. This is very useful in basketball. They are some times when the team you bet is leading by a huge margin but the opposing managed to knick it in the end. With this cashout feature, you can ' cash out ' while your team is leading.

well if ur team is winning, you will most likely to go for the full match cuz u only get a bit of the profit. so usually people r greedy that they wont withdraw their bets from a winning game. it is just like since i am gonna to win this game, i will just take half the winnings.