CAN I CASH OUT THE FULL AMOUNT BEFORE THE EVENT STARTS?
No, you cannot cash out the full event prior to the event.
WHEN SHOULD YOU USE CASH OUT?
Let’s say you’ve hit the first three legs of a $100, four-team parlay.
The payout is $1,500, but you’re feeling queasy about the fourth leg.
Should you cash out for, perhaps, $750? Or let it ride?
This is what you need to decide.
Or maybe you wagered $20 on Alabama to win the NCAA tournament when the Crimson Tide were +6600 (i.e. 66-to-1).
The bet would have paid $1,340.
Before Alabama took the floor against UCLA, the Cash Out value was $89.70.
By the time the final buzzer sounded, the value was zero.
WHY CAN'T I PARTIALLY CASH OUT MY BET?
- If a market is not eligible for cashout, then it will not be eligible for partial cashout.
- If you bet is eligible for cashout, but there is no option to partially cash out, this may be due to a previous partial cash out on that bet. Only one partial cashout is permitted per bet.
- The market may be suspended
HOW IS THE PARTIAL CASH OUT VALUE CALCULATED?
The cash out value is calculated based on the likelihood of your bet winning at the time of cash out. The higher the likelihood, the higher the cash out value. However, the maximum value of the cash out can never exceed the estimated return of the bet. Ex: if you wagered a $10 stake @ $2 odds, your estimated return would be $20. If the likelihood of the bet winning goes up, and the live odds decrease, then the maximum you could receive in cash out will be $20.
CAN I PARTIALLY CASH OUT MORE THAN ONCE IN THE SAME BET?
No, only one partial cash out is permitted per bet.
WHICH BETS CAN I PARTIALLY CASH OUT?
Any bets that have cash out available. You will know a bet is available for cash out because the market will show a ‘cash out’ icon. Also, the cash out option will appear in pending bets.
WHAT IS THE MAXIMUM I CAN PARTIALLY CASH OUT?
The maximum you can partially cash out is whatever your original stake was, minus $0.50. You must leave at least $0.50 riding on the bet, as this is PointsBet’s minimum stake size. If you wish to withdraw more, then you will need to complete a regular (full) cash out.
WHAT IS THE MINIMUM I CAN PARTIALLY CASH OUT?
The minimum partial cash out value is $0.01.
HOW DO I KNOW I'VE PARTIALLY CASHED OUT?
You will see a green success message saying “you have partially cashed out this bet”. You will also see the stake and return decrease accordingly in your pending bets page. One the bet is settled, you will the the return of the bet (if any) combined with the partially cashed out amount.
WHAT HAPPENS IF I PARTIALLY CASH OUT AND MY BET WINS?
In your settled bets tab, you will see the green tick indicating your bet has won. The “Returns” area will show you total winnings and partial cash out amount.
WHAT HAPPENS IF I PARTIALLY CASH OUT AND THEN MY BET LOSES?
In your settled bets tab, you will see the grey cross indicating your bet has lost. However, the “Returns” area will show your partial cash out amount.