Cashout – How To Make The Most Of Your Live Betting Using Cashout
If you love betting on sports, you probably already know that many online betting platforms offer the option for live or in-play betting together with cashout. With the advent of improved technologies, mobile apps and new regulations, these live bets are becoming increasingly popular.
This is also due to the fact that the player can adjust his betting strategy during the course of the game, thus increase his winning options. One of the best ways to improve your live betting is by implementing cashout into your play. But as with any other betting strategy, you have to get familiar with it before you can take full advantage of cashout potential rewards.
What is cashout, how does it work and when can you use it
Basically, cashout means that you cash out the money that you win before the game that you are betting at is over. Obviously, this is only possible when you are live betting and if the option is available on the platform that you are using.
Cashout is one of the options for in-play bets. For example, you can decide to get your money back during the second half of a football match, instead of waiting for the game to be over. Or you can decide to bet on a horse race when it has already started.
What happens to the stakes? Since you are playing when the game final results are still not available, the amount of money you will receive if you decide to go for the cashout option, will be determined by the result forecasts at the moment when you cashout. For example,when the playing time is about to be over, there are greater chances to predict a certain outcome.
This also means that the amount of money you’ll be able to get back could be higher or lower than the initial stake.
Every bookmaker has its own rules and regulations for cashout options. Also, this option may not be available during the whole game. If the match result is clear way before the playing time is over, cashout offers could be simply removed.
Cashing out – Tips and strategies
To get the best results and increase your winning chances, you have to understand that cashout it’s a good betting technique, but it’s crucial that you are able to watch the game that you are betting on. You’ll to see for yourself if a team is winning because is actually better than the other or if they are getting a better score just because they had a few lucky games or series of shots. This way, you will understand what is going on and the possible outcome, in order to decide if you want to use the cashout option or not.
Usually, your casino provider or online betting platform can offer you interesting cashout offers. It’s up to you to decide whether to take it or not. With a bit of practice, you’ll soon understand when it’s time to take the offer and when it’s best to decline it.
An example of how to use cashout
Let’s give a practical example. You are live betting on three different football matches. You can visit our article on football betting if you are unfamiliar with the sport. If all the teams you have bet on get a positive result, you’ll win €250,00. There are 10 minutes left to play and the all the teams you have chosen are actually winning.
Then, the bookmaker offers you a cashout option of €200,00. You can decide to take the money or wait for the games to be over. If you accept the cashout you’ll be safe with a “partial” win. If you don’t accept the offer, you are putting your money at risk up to the end of the games. And, if one of the matches eventually ends with a tie or something happens and the result overturns in one of the games, you can lose a good winning chance.
If you bet on underdogs, you may have the chance to get some interesting cashout options during the game. But be careful: if they are considered underdogs, it’s for a reason. Simply put, there are fewer chances that they will win, and get a good result in any given moment of the match.
On the other hand, when you bet on the favourite team, there might be times when you are tempted to take a cashout option because the result is not what you were expecting and you are afraid of losing your money. If you carefully watch the game, you’ll be able to make an informed decision. If, for example, one of the key players gets injured, or they are penalized in any other way, then you could consider taking advantage of the cashout option and limit your loss.