There’s no denying that the cashout feature is one of the most innovative and sought-after tools in the sports betting scene today. After all, it allows bettors to mitigate the risks involved in the volatile sports betting landscape while maximizing returns.
However, this tool can also prove quite costly for bettors when they use it too early. Imagine cashing out an accumulator wager worth $1,000 for just $200, only for the prediction to prove completely accurate. It can be frustrating, right?
That is where the partial cashout feature comes in, giving punters the best of both worlds. With partial cashout, bettors can cash in a portion of their stake and winnings and leave the rest to play out. This article will dive into the partial cashout feature, exploring everything you need to know about it.
Understanding the Cashout Feature in Sports Betting
Cash Out is a feature in sports betting sites that allows punters to settle their bet early in exchange for a smaller payout. This feature gives punters complete control over their betting activities. Instead of waiting for a bet to settle naturally by the end of the game in a single wager or the last match in an accumulator, you can use the feature to take a guaranteed but lower payout.
The cashout feature can be useful to punters in two ways. The first is to take the bow and settle your wager for a smaller payout while eliminating the risk of losing an unsure prediction before the event ends. The second is to give up on a potentially losing wager and take back a much smaller payout that lets you break even or give you back a part of your stake.
What is Partial Cashout?
Now, the downside of the cashout feature is that using it essentially gives up on a bet. If the wager ends up panning out as originally predicted, a punter will miss out on a lot of payout amounts. Partial cashout is the option that provides a solution to that, allowing punters to still get some payout without necessarily giving up on their wager.
Partial cashout is a feature that allows punters to cash out a portion of their wager for a smaller payout while leaving the rest to run its course at the original odds. The goal of this tool is to secure a payout from a bet and still stand a chance to get more winnings if the wager pans out as predicted. This means you can potentially win twice on the same wager – one from the partial cash out and the second if the bet wins.
You can utilize the partial cash-out feature for singles, accumulators, and multiples.
Practical Example of the Partial Cashout Feature
Now, let’s check out a practical example of the partial cashout feature in action.
Let’s say that you decide to place a $100 live cricket bet on your favorite team to win a matchup at 2/1 odds. This means you stand to win $200 profits plus your $100 stake.
Now, halfway through the match, your selected team manages to take the lead with 2-1 on the scoreboard. A bookmaker may offer a $100 cashout on this game.
If you decide to partially cash out half your stake (i.e., $50), the bookie will give you $50. That’s half your wager. Now, should your selected team go on to win the game, the remaining $50 still active will get you a payout of $150 (i.e., $50 at 2/1 odds).
With a $50 partial cashout and a $150 payout, you are left with a $100 profit. Still good, right? However, should your team lose, you still get back half your wager and minimize your loss. Overall, partial cashouts can help you minimize losses, break even, or even rake in some tidy profit.
What Sportsbooks Offer Partial Cashouts
You may be wondering what sports betting sites offer punters the partial cashout feature. Seeing its increasing popularity, many bookmakers provide the cashout feature to their punters. But you should note that not all of these sites have jumped on the partial cashout bandwagon.
Most of the biggest sports betting brands offer this handy tool to their bettors, including:
- Ladbrokes
- BetVictor
- Bet365
- Parimatch
- Betway
- Coral
How to Use the Partial Cash Out Feature
Getting started with the partial cashout features is pretty straightforward. First, you need to find and sign up with a reputable sportsbook that provides its players with the tool. Once that’s done, you can deposit funds into your newly created account and start placing bets on your favorite sports and events.
Now, let’s say there is a wager you are not completely confident about; then, you can consider using the partial cashout tool to mitigate the risk. While the steps might differ from site to site, here are the general steps to follow:
- Go to the betting slip
- Click on the “Cash out” icon
- Select the “Partial Cash out” option
- Choose the portion of the wager amount you want to cash out
- Hit the “Cash Out” button
Once you follow these steps, you will receive the partial stake and winnings accumulated and the remainder will keep the bet active at the original odds.
Conclusion
Upsets are quite common in the sports betting scene. A team you believe is already a shoo-in to be the victor in a matchup may end up the loser. The partial cashout feature is a tool that helps punters reduce the inherent risk involved in sports betting. By using it, you can get a portion of your stake back and lock in some winnings while leaving the rest of the stake to play out. And if the bet pans out as predicted, you get more profits.