Cashout
Learn how to access the liquidity of your unsettled bets with cashout.
Last updated
Learn how to access the liquidity of your unsettled bets with cashout.
Last updated
Cashout allows users to access the liquidity of their unsettled bets before the match has ended. You can “cashout” your bet and lock in a payout before the market has settled. The value of your cashout is based on the current probability that your bet wins.
A $100 bet placed on Team A with odds of 2.50 (+150) pays out $250 total ($150 profit)
Team A is winning by two points with five minutes remaining
Cashout offer: $200 ($100 profit)
Since Team A is more likely to win, SX Bet will allow users to take a slight cut from their profit in order to secure their winnings.
Regardless of the final outcome of the match, the user receives a $200 payout ($100 profit).
A $100 bet is placed on Team B with odds of 1.50 (-200) pays out $150 ($50 profit)
Team B is losing by one point with five minutes remaining
Cashout offer: $25 ($75 loss)
Since Team B is more likely to lose, cash out will allow users to cut their losses and walk away with $25 instead of losing it all if Team B does not make a comeback
Regardless of who wins now, the user has received $25 ($75 loss)
1) Visit https://sx.bet/my-bets/unsettled to see your unsettled bets
2) Click to select your unsettled bet and expand the drop-down menu, then click the blue button below where it says “Cashout”
3) Select how much of your bet you would like to cashout (25%, 50%, 75%, or 100%)
4) Select "confirm" to cashout your bet.
When cashing out an unsettled trade, you may see that you will receive a portion of your cashout total now, and a portion when the market has been settled (unless the market is settled as a push).
Users will be able to receive up to their original stake instantly. If the cashout total is greater than your original stake, the profit portion will be paid out at settlement.
In the case that a market is voided (settled as a push), the user will be paid out their original stake, regardless of whether they cashed out at a loss, or for profit.
Cashout for a Profit: Receive Now & Later
Example: $100 bet now has a cashout value of $150. You will receive $100 immediately upon cashing out your bet, and the $50 profit when the market settles (unless it is settled as a push).
Cashout for a Loss: Receive Now
$100 bet now has a cashout value of $75. You will receive the $75 cashout total instantly upon cashing out your bet. (If the market was settled as a push, you would be refunded an additional $25 at settlement, equalling your original $100 stake).
Cashing out a bet can be tempting as it allows you to lock in a profit or cut your losses before a match has ended. However, cashing out a bet on a traditional sportsbook typically has a negative ROI due to large house edges and an additional fee baked into your cashout offer. This is not the case on SX.
SX Bet’s cashout product has zero-fees, allowing users to maintain their +EV while still having the ability to access the liquidity of their unsettled bets.
