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A bettor will "cash out" their bet to cut the possible loss or to secure the winnings. The Cash Out option is only applicable in certain game and markets which will be decided by Traders discretion. If Cash Out option is applicable, the Cash Out icon will appear on the website/betslip (Cash Out is not available all the time).
NOTE: The amount for Cash Out offer is non-negotiable. You will only get how much the traders offered at the time of cashing out.
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1. Place your bet on a pre-game event moneyline, spread or total
2. Visit “My Bets” on the bottom of your screen
3. Select “Pending Bets” – if your bet is eligible for Cash Out, you will see the green Cash Out icon with the associated Cash Out Value
4. Click on the Cash Out button and confirm you wish to Cash Out your bet
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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?
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.
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Partial Cash Out is a PointsBet exclusive feature, giving bettors a third option to take some cash and still enjoy “the sweat.” Partial Cash Out is available in all markets where Cash Out is currently running.
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1. Place your bet on a pre-game event moneyline, spread or total
2. Visit “My Bets” on the bottom of your screen
3. Select “Pending Bets” – if your bet is eligible for Cash Out, you will see the green Cash Out icon with the associated Cash Out Value, along with a slider icon to the right
4. Select the cash out slider and drag to the percentage you wish to cash out
5. Confirm you wish to partially cash out at the desired amount, and as for the remaining amount…let it ride!
More Questions? Watch the video below for an in-depth tutorial:
