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CASH OUT OR CLOSE BET

The Cash Out function, or closing bet, is one of the latest to appear in the betting world. With so many companies vying for customers in a very crowded market, it hasn't taken long for it to become one of the most popular options offered by bookmakers.


Cashing out allows customers to close or sell a bet before the match ends; that is, before the final whistle is given you can collect part of your bet if you accept the offer made by the betting website. The amount offered to you through this feature is determined by the probability of your bet ending in a win, or a loss; that is, the amount may be greater or less than the initial bet.


You should know that the function is certainly an interesting option, but not always easy to use. One must ask; Is it better to be patient and wait, trusting my bet? Or is it worth it to settle for the amount offered by the bookmaker and forget my initial bet? Let's explain this concept a little more:


  • Availability of Cash Out

    Each bookmaker offers a different variety of markets in which you can choose to close your bets. In any case, we can tell you that the best bookmakers with cash out are the ones that enable this function in a greater number of sports and markets, both in simple and combined bets.


    For example, if you make a coupon in which you select matches that are played at different times or days, with the cash out function you can choose to close the bet before one of the matches has finished, and thus obtain a profit greater than the amount you had initially bet.


    If you have used the feature before, you may have noticed that it is not always available. Sometimes it happens that betting websites suspend the cashout option in certain markets, eliminating the possibility of you closing your bet. There are situations where the feature is suspended because the odds have changed just before your cashout request has been processed by the bookmaker, and in most cases they will notify you if they have not been able to process your settlement.


    Choosing the right moment during the match to close your bet using the cash out is crucial. The value offered to you is constantly changing and depends on how likely it is that your bet will end up winning or losing. Therefore, the value of the cash out depends on the situation of the match at all times, in the same way that the odds vary during live bets.

  • Best time to cash out

    It is difficult to determine if it is best to leave your bet until the end and thus try to maximize your profit, or minimize your losses by opting for the cashout. One situation where cashout can be very useful is when a bet is on its way to winning, but there is a considerable risk that your team (the one you bet on) will end up losing. Perhaps because he has been left with ten players after a red card, or because the rival team is constantly pressing and creating scoring chances.


    Another situation where it can be a good idea to use the cashout option is when you are following a match and you realize that your pre-match analysis, based on which you made your bet, does not seem like it will end up being the right one. In such cases it may be a good idea to minimize your potential losses and get some of your money back by cashing out.


    But our recommendation is that you try to keep your initial bet as much as possible and avoid using the cashout at the first opportunity, especially if you have an elaborate betting plan.

  • Advantages of Cash Out

    - You will have immediate access to certain earnings. If you need a quick refund to your betting account, you can always close your bet and increase your balance. When you use the cash out the money is credited to you immediately.


    - Close the bet before losing everything, as your bet may keep its options for the time being, but if there is a considerable risk of things taking a turn for the worse, for example because your team receives a red card or because the other team is constantly creating dangerous chances, it can be a good time to close the bet.


    - Minimize your losses if it seems that you have made a mistake in your analysis prior to the match when placing your bet, it may be interesting to limit your losses by making a cash out.

  • Disadvantages of Cash Out

    - Betting companies always offer a reduced value in the Cash Out, so closing your bet regularly will make you lose money in the long run.


    - Wrong Decision: Imagine you decide to close your bet because you don't think your original analysis is going to give you the win, but what if it does? Regret can be more painful than losing.


    - The cash out takes the thrill out of your bet. Using the cash out can even lead you to focus more on the amounts the house offers in the cash out, rather than concentrating on the match. If you are constantly thinking about whether or not you should cash out, you will miss out on enjoying the game.

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