Can I cash-out my bet?
Gastonred takes care of its customers and wants to make sure the procedures are straightforward and comprehensible. Cashing-out is extremely popular among recreational bettors – an option which ensures you are always a winner. Our cash-out option allows you to collect money on your bet even before the event you are betting on is finished. The amount of money you will receive will be determined at the time of cashing out – based on the current likelihood of the bet winning. The amount can be higher or smaller than the initial stake. Nevertheless, this is not always the optimal option. As the probable chances of winning change, an offer for a cash-out can increase, decrease or be removed altogether.
Cash out is calculated by using the possible winnings from a bet that the current odds will receive, in case that bet was placed now.
As an example, take a look at the option below:
- In case you have a €10 bet on Barcelona to win a match at odds of 4.00, and they are leading at halftime, the new odds on them to win the entire game may be 2.0.
Fair cashing out value = possible winnings/current odds
To get a full picture of our cashing out option, make sure you check another example below:
- This is a real example of a cash out option available:
The initial bet is a €100 stake on Liverpool to win the Premier League at 6.00 odds. The bet ends €600 if Liverpool win the Premier League title. Halfway through the seasons a cash out option is offered at €150 for this bet. The present odds on Liverpool to win the league with the same bookmaker are 3.25. Therefore, the fair value for this cash out will be €600 (possible winnings) /3.25 (current odds) = €184.61
Partial Cash Out
If you choose to partially Cash Out your bet, simply enable the
Cash Out slider by clicking on the icon to the right of the Cash Out button and
selecting Partial Cash Out. You can choose the amount you would like to Cash Out
and that amount will be settled, leaving the remainder of your stake to be
settled in accordance with the final result relating to your bet.
For multiple bet options, the minimum value that can be
Cashed Out is the same as the value of any secured funds. For example, for a
bet consisting of three 1€ Doubles (A x B, A x C, B x C), where selection A and
B have both won, each at 3.0, and the other selection is still to run, your
minimum Partial Cash Out would be 9€ (8€ winnings plus 1€ stake).