Thanks to Cash Out at the bookmaker, the player can receive a payout on the bet before the event ends – either take the profit or reduce the loss. In this article, we will explain what a cashout is, how to redeem a bet and when to do it. You will learn about the pros and cons, disadvantages and advantages of cashout in a bookmaker.
22Bet also has a cashout function and you can use it if you register on their website or download their application by going to the link https://22bet.com.gh/mobile/. You will also receive bonuses, various offers and much more.
What is the cashout function?
The concept of “cashout” came to sports betting from trading on the stock exchange. The “cashout” function in betting means a situation when the bookmaker buys out the bet from the player even before the end of the event. The redemption amount is offered by the bookmaker.
Cashout in bets is used for insurance in two cases.
The match develops according to a favorable scenario, and you take profit ahead of schedule. You will be given less than if you won the bet.
The match develops in an unfavorable scenario, and you take the bet ahead of schedule. The refund will be less than the stake.
Pros and cons of the cashout function
Experienced betting company players identify three advantages and disadvantages for the option of early redemption of bets.
Cashout has the following disadvantages.
- You pay the margin twice: when you bet and when you redeem your bet.
- The “cashout” function for an express bet increases the margin even more compared to buying out a single bet.
- Irrational use of cashout reduces profits.
The advantages of the redemption rate option are as follows.
- The ability to reduce the loss when the rate clearly does not enter.
- Taking profit on a risky bet.
- Convenience: you don’t need to waste time on calculations if you want to insure your bet – just click on the cashout button.
Important points to remember about the “cashout” function
The Cash Out option gives you additional flexibility. Before its appearance, the bet had to be insured manually: the players counted the required amount and placed it on the outcomes opposite to the initial bet. However, you pay the margin twice – this is the bookmaker’s commission for cash out bets. Therefore, use the Cash Out function to redeem a bet in a bookmaker with caution.