How this cashout option works is if you have a bet placed on a potential winner and if they are starting to lose then you have the option to stop the bet.
But in doing so you sacrifice a partial amount of your bet.
Correct?
The market price of what the odds are at for the time are given to you and if lower you lose some of that wagered amount.
But in doing so you sacrifice a partial amount of your bet.
Correct?
The market price of what the odds are at for the time are given to you and if lower you lose some of that wagered amount.
Pretty much.
I haven't used it on SportsBet.io but as I remember from bet365 you're spot on.
You can cashout your bet before it ends anytime for a portion of the profit.
If you're losing, you can cashout a minimal amount and if you're winning by a good amount you can cashout a lot more (not as the whole bet ofcourse).
This is exactly how I remember it being as well.
You can take your profits before the match is over, if you feel the opponent will make a comeback or if you want guaranteed profits.
And if you're losing, you can cash out a portion of your bet, before the match even ends.
It's a nice way to either get guaranteed profits, or cut your loses.
I don't think I've ever seen a Bitcoin sportsbook offer this type of wagering option. Only fiat sportsbooks. 