Early cashout allows customers to make quick and easy sports betting payouts before all matches in the ticket are over. Also, all finished bets must be winning bets so far to allow early cashout option. The cashout feature is valid both for prematch and live sports betting. Returning sum depends on odds and penalties set from admin. You need to turn on cashout function from admin website for every game separately.
Early cashout setup is simple and straightforward - everything is conveniently available in website games and organization game settings.
To set cashout follow this instructions:
You can set cashout for the entire organization shops or for shop separately. For entire organization you need to go to ‘Games’ section. For separately shop go to ‘Management’ select shop and click on ‘Games’ section. Scroll until you find game name and press ‘Edit’ settings. In game settings you will find ‘Early payouts’, click on ‘Enabled’ on and set other setting for cashout.
There are two options organisations can choose from to control the early cashout feature - minimum odds, and cashout penalty.
Note: If 100% is entered in any of the penalty table fields, online users will not be able to use the online cashout feature.
Single bet cashout calculation is the same in cashier and online applications. All calculations require initial odds, current odds, stake and deduction if any is. The early cashout calculation for single bet are simpler then for multi bets. Single bet cashout calculation is straightforward - initial odds are divided by current odds, and then multiplied by the stake. Afterward, the organisation deduction is applied. For example:
Multiple bet cashout calculation is a bit more complicated, but in essence, the process stays exactly the same. Initial total odds are divided by the current odds of all remaining events and then multiplied by the stake. Afterward, the organisational deduction is applied. For example:
The same calculations apply both for prematch and live sports bets.
Multibets cashout calculation depends on changing odds. If active odds increased and it are higher than issued odds there will be more parameters in calculation. First of all stake is multiplied by the penalty if it is and multiplied by the issued odds. This calculation is divided from evaluation of odds for each bet odd. If active odd is equal or higher than odds penalty margin (3) and active odd – issued odd is equal or higher than active odd multiplied by odds increase to apply penalty % (0.2) than first calculation of multiplication of issued odds, stake and penalty is divided from active odds multiplied by odds penalty multiplier (2), if not divided from active odds. For example:
Note: no extra bonuses are used with cashout. Promotions, Jackpots, Multibet Bonus and etc. is not counting with cashout.
If user placed a bet but he wants to take money back and cancel slip, he could use cashout function. Steps for user to cash out money and cancel bet:
Cash Out process in retails/cashier-ui Early cashout process is available after revoke slip process is unavailable. Revoke slip process can be done before odds change. When odds change then early cash out can be done. Steps for early cashout in cashier application:
Note: Cashout operation is available until game starts in Prematch events and until winner or looser status known in Live events both in online betting and cashier’s applications. If it is set resulted legs in early payout settings, then cashout will be available until there will be as many resulted legs as it is set. If one of the resulted events status is looser, cashout operation is not available any more. If at leats one of the active bets are not available for betting at a given moment (market is suspended, event is cancelled) early cashout is not allowed.