The option to cash out on a bet has grown in popularity in online betting and allows you to walk away with some money while the bet is still live. For example, if you backed 5 teams to win in an accumulator and 4 already have, you will be offered the chance to cash out for a sum of money lower than what you could ultimately receive, but without the risk of the fifth team failing to win.
Betting exchange cashouts
Betting exchange cash outs allow you to secure a profit, or take a reduced loss, before an event you have bet on has finished. For example, if you bet £10 on Team A to win to secure a £50 return and Team A are leading, you could take a cash out offer of £40 to secure a profit before the game finishes, thus ending the risk of losing the bet.
On betting exchanges, you do have the option to lay the bet too, which means you can bet on Team A not to win, so a return is secured either way. The prices being offered at the time will dictate what the best option would be.