How to Cashout Your Bet
Learn how to access the liquidity of your unsettled bets with Capital Efficiency.
What is Cashout?
Cashout allows users to access the liquidity of their unsettled bets before the match has ended. You can “cashout” your bet to lock in a profit (or loss) by making a trade on the opposing outcome.
How to Cashout Your Bet
1) Visit https://sx.bet/my-bets/unsettled to see your unsettled bets.
2) Click to expand the drop-down menu, then select the bet you wish to cashout from the list to be redirected to the market summary page.
3) Place a bet on the opposing outcome. This allows you to lock in a profit (or loss), regardless of who wins the match, and be instantly refunded any excess collateral.
Now that you have bets on opposing outcomes, only your "max loss" remains locked. Any excess capital is refunded to your wallet instantly.
In the above example, the bet is cashed out to lock in profit. The "worst case" scenario is a push (stake returned), so the original stake on both outcomes is refunded instantly.
$5 stake on Yannick Hanfmann at 1.37 odds = $6.83 potential payout.
$1 stake on Vilius Gaubas at 20.0 odds = $20 potential payout.
$6 total stake is refunded instantly.
Yannick Hanfmann wins, and an additional $0.83 is returned at bet settlement
Example: Cash Out to Lock in Profit and Access Liquidity
Pre-match odds: Team A @ 2.10 | Team B @ 1.85
You stake $100 on Team A.
If Team A wins, your payout is $100 x 2.10 odds = $210
After the first half, Team A is winning 2-0. You calculate a hedge bet to guarantee a profit.
Current odds — Team A: 1.50 | Team B: 3.20
Your hedge bet size can be calculated by taking your original bet's return amount / decimal odds of the hedge outcome. In this scenario: $210 / 3.20 odds = $65.62
You place a $65.62 hedge bet on Team B at 3.20 Odds. Now:
If Team A wins: $100 x 2.10 = $210 payout | If Team B wins: $65.62 x 3.20 = $210 payout
Total staked: $100 + $65.62 = $165.62
Guaranteed profit: $210 payout - $165.62 total stake = $44.38
After placing the bet on Team B, you instantly receive $165.62. Here's why:
Worst-case scenario: the market pushes, and there is no additional payout at settlement since your stake has already been returned ($100 + $65.62 = $165.62).
Otherwise, team A or team B wins: $44.38 profit is paid out at bet settlement. Your stake has already been returned ($100 + $65.62 = $165.62).
Your $165.62 is now available to be used for another bet, before your original bet settles.
Example: Partially Cash Out to Reduce Loss and Access Liquidity
Pre-match odds: Team A @ 2.10 | Team B @ 1.85
You stake $100 on Team A.
If Team A wins, your payout is $100 x 2.10 odds = $210
After the first half, Team A is winning 2-0. You calculate a hedge bet to guarantee a profit.
Current odds — Team A: 1.50 | Team B: 3.20
Your hedge bet size can be calculated by taking your original bet's return amount / decimal odds of the hedge outcome. In this scenario: $210 / 3.20 odds = $65.62
You place a $65.62 hedge bet on Team B at 3.20 Odds. Now:
If Team A wins: $100 x 2.10 = $210 payout | If Team B wins: $65.62 x 3.20 = $210 payout
Total staked: $100 + $65.62 = $165.62
Guaranteed profit: $210 payout - $165.62 total stake = $44.38
After placing the bet on Team B, you instantly receive $165.62. Here's why:
Worst-case scenario: the market pushes, and there is no additional payout at settlement since your stake has already been returned ($100 + $65.62 = $165.62).
Otherwise, team A or team B wins: $44.38 profit is paid out at bet settlement. Your stake has already been returned ($100 + $65.62 = $165.62).
Your $165.62 is now available to be used for another bet, before your original bet settles.
Example: Cash Out to Minimize Loss and Access Liquidity
Pre-match odds: Team A @ 2.10 | Team B @ 1.85
You stake $100 on Team A.
If Team A wins, your payout is $100 x 2.10 odds = $210
After the first half, Team B is winning 2-0. You place a hedge bet to minimize losses.
Current odds — Team A: 3.70 | Team B: 1.33
Your hedge bet size can be calculated by taking your original bet's return / decimal odds of the hedge outcome. In this scenario: $210 / 1.33 = $157.89
You place a $157.89 hedge bet on Team B at 1.33 Odds. Now:
If Team A wins: $100 x 2.10 = $210 payout | If Team B wins: $157.89 x 1.33 = $210 payout
Total staked: $100 + $157.89 = $257.89
Guaranteed loss: $210 payout - $257.89 total stake = -$47.89
After placing the bet on Team B, you instantly receive $210. Here's why:
Your stand to win $210 regardless of whether Team A or Team B wins the match.
Best-case scenario: the market pushes, and you receive $47.89 at settlement in addition to the $210 instantly returned when you placed a hedge bet on team B.
Last updated