The cash out option is a feature in betting exchanges that lets bettors settle a bet before the event ends. This means they can lock in a profit or cut their losses early. Many bettors use the betting exchange cash out option to control their risk and manage their bets better, but it is very important to know how it works and when it is a good time to use it.
How Does Exchange Cash Out Work?
A betting exchange is a place where bettors bet against other bettors. The odds are determined by the demand and supply in each market and they change as long as an event is in progress.
The cash out feature allows bettors to close their bet early based on the current odds. The exchange calculates a new value for the bet and offers bettors a cash out price. If the bet is winning at that moment, the cash out amount will be higher than the original stake. If the bet is losing, the cash out amount will be lower.
Example of a winning bet cash out
A bettor wants to bet 50€ on a football team to win at odds of 2.00. The team is winning 2-0 with 30 minutes left before the game is finished. The exchange offers the cash out amount of 75€. The bettor has the option to take 75€ now instead of waiting for the match to finish. If they decide to cash out, they secure a 25€ profit. If they do not cash out and the team wins, they will get 100€. If the team loses, they will lose the 50€ stake. Cashing out in this example means taking a guaranteed smaller profit instead of risking a total loss.
Example of a losing bet cash out
A bettor wants to bet 50€ on a tennis player to win at odds of 3.00. The player is losing by one set. The exchange offers the cash out amount of 20€. This means the bettor can take 20€ now instead of possibly losing their full 50€ stake. If the bettor cashes out, they lose 30€ but still get back some money. If they do not cash out and the tennis player loses, they get nothing. If the tennis player makes a comeback and wins, they will get 150€. Cashing out in this example means taking a smaller loss instead of risking losing everything.
In Which Markets is the Exchange Cash Out Option Available?
Cash out is available in many markets, but not all. Betting exchanges usually offer cash out in popular markets with high liquidity. These include major Football leagues and tournaments, such as the Premier League, the Champions League or the World Cup, very popular Tennis matches from ATP, WTA, and Grand Slam events, Basketball NBA and EuroLeague games or some high-profile Horse Races. Big eSports events, like CS:GO, Dota2 or LOL sometimes also offer the cash out option.
Frequently Asked Questions about Betting Exchange Cash Out Feature
How Can I Cash Out?
Most betting exchanges display a cash out button on the platform. When cash out is available, you will be able to see it in the betslip or in the betting history. By clicking the cash out button, you can instantly settle your bet and get the offered amount.
Is Cash Out Available in All Markets?
Cash out is not available in all markets. Some events or bet types may not support it. Markets with low liquidity usually do not offer cash out option. Some long-term bets, like season winner bets may also not have a cash out option. If a market is suspended due to a major event like a goal scored in football, cash out may not be available until the market reopens.
Does Orbit Exchange Offer the Cash Out Option?
Yes, Orbit Exchange offers a cash out option only on selected markets. Bettors using Orbit Exchange can cash out their bets when the feature is available, just like on other major betting exchanges like Betfair.
In Short
The betting exchange cash out option is a useful tool for managing bets. It allows bettors to close a bet early and take a profit or reduce a loss. However it is not always available and it may lower the total potential winnings. Understanding how cash out works, bettors can make better decisions and improve their chances of success.