What is "Cash Out"?

For placed single and multi bets, Sportingbet can offer the option of an "Cash Out": although the outcome of a bet is not determined yet, winnings can already be collected. The amount that can be received is based on the actual odds.

Using the "Cash Out", you can:

• Pay out single and multi bets before they are settled

• Secure any winnings or reduce your risk

• Take full control over your game

Example:

You place a bet of 10BRL on Real Madrid to win against Barcelona at odds of 2.40. 

- Scenario 1: after 30 minutes, Real Madrid scores a goal and takes the lead (1: 0). Once this happens, the probability of winning your bet increases, we offer the "CAsh Out" option for 18BRL. You have the option to secure the 18BRL or wait until the end of the game, hoping that Real Madrid is still in the lead to receive the initially projected 24BRL.

- Scenario 2: after 30 minutes, Barcelona scores a goal and takes the lead (0:1). Since it now seems more likely that your bet will be lost, we offer a "Cash Out" worth 6BRL. Now, you can take the 6BRL  to recover part of the bet amount or you can wait for the game score to change.

- The option Close Bets is displayed in the "My Bets" section, within the bet slip.

Sportingbet does not guarantee to offer "Cash Out" option at any time and for all games. After clicking the "Cash Out" button, the system checks the availability of the respective bet. If the bet is frozen or already closed or the respective odds have changed, the ‘Cash Out’ can be rejected.