Online Early Cashout

Early cashout allows online customers to make quick and easy sports betting payouts before all matches in the ticket are over. The cashout feature is valid both for prematch and live sports betting.

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.