What is a "Cash Out" in Sports Betting?

Thanks! Share it with your friends!

You disliked this video. Thanks for the feedback!

Added 2 years ago by admin

81 Views

https://oddsjam.com/

Alex explains about when to cash out and when to keep your bets in place.

Should Alex cash out his bet on the Chiefs +500 to win the Super Bowl and take the $13.52. The fair price of the Chiefs to win the Super Bowl is right around 13%. The fair price should be +660. This bet is no longer a good bet at this point in the season. According to sports betting markets, the Chiefs are 87% to not win the Super Bowl.

According to the betting markets, the mathematical thing to do is to not cash out. This is a bet that we would want to keep open, rather than cash out. Most of the time, books will give you less than what you should be given for a cash out.

The odds converter calculator on our website can help make decisions on on cashing out or not.