Cash-out is an option to settle the bet early or “resell” it. It is most often used when the game does not go according to the player's intention. Then you can take advantage of the cash-out and minimize possible losses. Most likely, this move will not allow you to recover the entire bet amount (although it may still happen), but at least a significant part of it. Cash-out does not mean that the bet will be canceled, as this would be equivalent to simply withdrawing the entire stake. In the case of cash-out, however, other factors are also taken into account, primarily changes in the bookmaker price. Therefore, such a move may result in a payout of an amount lower than the bet, but also a higher (especially when the closure occurs when the current result is favorable for the player).
It is also worth clarifying right away that cash-out is something completely different than cashback. These two concepts are often confused by novice players and relate to completely separate matters. Cashback is a type of promotion that reimburses the stake to the user's account if the bet is unsuccessful. Cash-out, on the other hand, is an option that allows you to make a certain type of bet. The basic requirement for cash-out is that all positions in the coupon that are already cleared are hit. Even one missed result makes it impossible to sell the coupon and in this case, we lose everything.
The cash-out option is not available in every bet, and not even at every moment of the game. You can check the availability on the bookmaker website. Some bookmakers post detailed instructions on their sites that explain step by step how to close your bet early on your account. In the pre-match bet, the bookmaker can unlock it, for example, when after some time the odds for a given match are changed. This possibility also appears in live matches, but it all depends on the odds, the result of the match, and, importantly, the time remaining until the end of the game. For example, it often happens that you can close a bet 20 minutes before it ends, but not after another 10 minutes. On the contrary, sometimes the option is unavailable, but due to some changes, it suddenly appears.
The use of the cash-out option makes the most sense for multiple bets, such a procedure should improve our statistics. The same applies to opposing bets, i.e. playing counters. In this case, the cash-out will allow you to quickly and at low cost transfer money from the originally selected option to the one that, as the situation clears up in a given sports match, seems more likely (and profitable).
However, taking advantage of the cash-out option from time to time may at least minimize the scale of the player's failure. It should be noted that the option to close a bet early is especially popular with cautious players and those who are just starting their adventure with betting. Cash-out gives you a sense of security, but it also has its downsides. In general, bookmakers benefit from it, because in this way they earn a double margin, and at the same time minimize the risk of a large number of high wins.