Riding a Heater
Back to Encyclopedia

Cash Out

sports betting

Cash Out is a feature offered by many online sportsbooks that allows bettors to settle a wager before the event has finished. The amount offered for cash out will fluctuate depending on the current state of the event. It allows bettors to lock in a profit or minimize a loss.

Key Takeaways

  • 1Cash Out is a feature offered by many online sportsbooks that allows bettors to settle a wager befor

Cash Out

Cash Out is a feature offered by many online sportsbooks that allows bettors to settle a wager before the event has finished. The amount offered for cash out will fluctuate depending on the current state of the event. It allows bettors to lock in a profit or minimize a loss.

Example

The team I bet on was winning, but I was nervous about a comeback, so I used the cash out option to secure a smaller profit before the game ended.

Powered by the MIT Triple Stack

Expected Value + Kelly Criterion + Monte Carlo — the same math from MIT and Bell Labs.