Show pageOld revisionsBacklinksExport to PDFBack to top This page is read only. You can view the source, but not change it. Ask your administrator if you think this is wrong. ====== Online Early Cashout ====== ===== Overview ===== 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. ===== Cashout Setup from Admin ===== {{ :online:cashout_settings.png?nolink&300|}} Early cashout setup is simple and straightforward - everything is conveniently available in website games and organization game settings. * Minimum odds - the lowest possible odds of any single bet in the online ticket that still allow a user to perform an early cashout. If there is at least one bet in the ticket the odds of which are lower than this value, the early cashout feature will not be available for the user. * Penalty table - organisations can decide whether to deduct a set amount of money from each online cashout. With each line of the payout table, users can select the amount of resulted legs that the deduction applies to and the deduction percentage. Deductions do not add up, meaning, the deduction is only applicable to the amount of total resulted legs. There are no recommendations on these settings - it is equally acceptable to deduct a fixed amount regardless of resulted legs and to deduct a variable amount that changes depending on the amount of resulted legs. //Note: If 100% is entered in any of the penalty table fields, online users will not be able to use the online cashout feature.// ===== Cashout Calculation ===== The early cashout odds are calculated in a fairly simple way - the only metrics required are initial odds, current odds, stake, and deduction (if any). Single bet cashout calculation is straightforward - initial odds are divided by current odds, and then multiplied by the stake. Afterward, the organisational deduction is applied. For example: * The customer places a R100 bet for PSG to win with an odds of 1.50. During the match, PSG is leading, but the customer is not entirely sure if they will win. He/she then performs an online cashout at odds of 1.20. If the betting company applies a 10% deduction for each cashout, the calculation will look as follows: * (1.50/1.20)*100 - 10% = R112.5 * The customer places a R100 bet for PSG to win with an odds of 1.50. After 60 minutes, the match is still tied, and the customer wants to ensure that he/she is not left empty. He/she then performs an online cashout at odds of 2.00. If the betting company applies a 10% deduction for each cashout, the calculation will look as follows: * (1.50/2.00)*100 - 10% = R67.5 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 customer places a R100 bet for PSG, Real Madrid, and Manchester City to win with odds of 1.50, 1.75, and 1.40 respectively, totaling an odds of 3.675. Real Madrid wins their match, while PSG and Manchester City have not yet started to play. The odds for PSG's win are now 1.40, and the odds for Man City's win are now 1.30. The customer wants to perform an early cashout to ensure a positive return on his/her bet. If the betting company applies a 10% deduction for each cashout, the calculation will look as follows: * (3.675/(1.40*1.30))*100 - 10% = R181.73 //The same calculations apply both for prematch and live sports bets.// {{ :online:cashout_calculations.png?nolink |}} ===== Cashout Process ===== The early cashout process is simple and straightforward. It features five quick steps for an online user to comfortably cash out. - Go to the 'My Bets' section of the user profile - Choose the ticket you want to make the early cashout on - Select the ticket and click 'Cash-Out' on the bottom of the ticket, or click directly on the green 'Cash-Out' button in the bets list - Confirm the cashout process - Enjoy your winnings! {{ :online:early_cashout_process.png?nolink |}} online/early-cashout.txt Last modified: 2022/08/01 09:28by ieva-buinauskiene