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Cash out

Cash out is a bookmaker’s offer to settle a bet before the event ends, for a sum it sets. It locks a result, at a price that leaves the bookmaker a margin.

Example

A bet of 10 at 5.00 is offered 15 to cash out, a profit of 5. Backing the other side at 1.50 instead would lock 6.67 either way.

Go further

Cash out explained: what the offer costs youThe full explainer, on the blogHedge calculatorThe stake that locks a result either way, and what a cash-out offer gives away.

Related terms

HedgingHedging is placing a second bet against one you already hold, so the result is the same whichever way the event goes. It locks a result and gives up the upside.Lay betA lay bet is a bet that an outcome will not happen, made at a betting exchange. You take the other side of a back bet and pay out at the odds if it happens.