Online casinos entertain their visitors in many ways. They have colourful slots that dispense huge jackpots, live table games that give the real casino feel, and sports betting options that give the thrill of betting in real-time. But after you’ve placed a sports bet, there’s not much you can do other than wait to see if you’ll win. However, with a feature called “Cash Out”, you can now place bets according to the progression of a game and multiply your excitement just like you multiply your winnings.
The What and How of Cash Out
It is an option offered in sports betting websites to punters while the game is going on and no final result has been decided. It allows them to react according to the progression of the game. Where before, a punter had to simply place their bet before the match and wait for the results, now, they have some level of control over their winnings and losses.
You can now be proactive while betting on sports and cut your losses if you foresee a loss or are stuck in a precarious situation. The feature is available on singles, multiples, and a wide range of other sports like football, tennis, and horse racing. You can cash out of bets pre-play, in-play, and even between legs. All you need to do is keep an eye on the Cash Out icon that indicates which of your bets are eligible for cashing out.
The amount you get back by choosing the “Cash Out” option could either be less than your initial stake (cutting you losses) or more (a small profit in a highly uncertain situation). However, as the outcome of a game becomes less or more obvious, the option’s return fluctuates. It may increase or decrease, or it may disappear altogether.
Assume that you’re betting on a football match between team A and team B. You place a stake of £100 on team B winning at 2.00. If at 60 minutes, your team is leading 1-0, the bookmaker will offer you to cash out by taking £150.
If you accept the offer, your bet will be closed, and you’ll walk away with a profit of £50. However, if you ignore the offer and team B wins the game, you’ll make a profit of £100. In contrast, if you ignore the offer and team B loses or draws the game, you’ll lose your £100 initial stake.
Should this Option Affect Your Online Casino Selection?
As we’ve come to see, the option is extremely beneficial to a punter. It not only lets you react and improve your odds and wins as the game progresses, but it also increases the excitement of the game as well.
Online casinos offer this feature because it increases their profits. This is because many players tend to cash out when the odds turn even slightly against them. But from a punter’s point of view, it is a crucial feature in improving their betting experience, and thus, should be considered while choosing online casinos.