The upside, if you take the offer, is locking up some profit that is yours to keep regardless of how the score/event ultimately plays out. Why would a sportsbook offer a Cash Out? When you place a wager, you know the amount you can lose and you should give yourself maximum time (the full game or event) to win the bet and not forfeit ahead of time. If five of your six selections were played on Saturday and won, you might decide to cash out, rather than wait for the sixth game to be played. However, the markets they cash out on will be different to their competitors and they may have more or less options in terms of sports. When Does it Make Sense to Cash Out? The formula is Fair Cash Out Value = - Stake. The amount is determined automatically depending on the current odds.
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