Short Answer: 'Cash Out' allows you to settle your bet before the event has finished. This allows you to lock in a profit if your team is winning but looking shaky, or recover a portion of your stake if your bet looks like it's going to lose.
1. Calculating the Offer
The bookmaker offers you a real-time value based on the current odds of your bet winning. If your team is leading 1-0 in the 80th minute, the Cash Out offer will be close to your full potential win. If they are losing, the offer might only be R5 for a R100 bet.
2. Strategic Usage
Cash out is most valuable for multi-bets. If you have won 4 out of 5 legs and are nervous about the final game, you can 'Cash Out' a guaranteed profit immediately instead of risking everything on the last match.
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