What is Cash Out and how does it work?
Even before the events are over and your wager is resolved, the Cash Out option allows you the chance to cut your losses or lock in your gains.
You can receive payment via the cash-out option before an event is over, or before a bet is intended to be resolved. You can cash out all of your bets on a specific market with a single click. On bets for which cash-out will be permitted, the cash-out icon will be shown.
Read more: Overview of Orbit Exchange
Based on the odds being provided on the live markets, the value of the offered cash out is determined in real-time. Cash-out could become inaccessible if there is little liquidity in a particular market. The minimal amount that you would receive if the cash-out is successful is the cash-out amount that is indicated where cash-out is offered.
The suggested payout can be ineffective or only partially successful because it is based on the value of the live markets, which are subject to sudden price changes. On the other hand, you may be able to obtain more than was initially stated.
If a cash-out attempt is unsuccessful, you will be presented with a fresh cash-out agreement based on the most recent Betfair pricing and your current position. After the cash out has been completed, if there is a decrease in the exposure on the market for which you received cash out, it will be returned to your account. When the event is over and the market has settled, any winnings from partial cashouts that you made will be paid out.
Read more: Orbit Exchange Registration
Cash-Out option Orbit Exchange FAQs
1)What’s the benefit of a cash-out option?
The Cash Out option gives you the option to reduce losses or lock in profits before the events are over and your wager is finally resolved. Before an event has concluded or a bet is supposed to be resolved, you can cash out and receive payment. With just one click, you can close out all of your bets on a certain market.
2)How is the value of cash-out determined?
The value of the offered cash out is decided in real-time based on the odds presented in the live markets. If a given market has limited liquidity, cash out may become unattainable. The cash-out amount that is displayed if cash-out is available is the absolute minimum that you would receive if the cash-out is successful.
3)What happens if a cash-out is unsuccessful?
If a cash-out effort fails, you will be given a new cash-out agreement based on your existing position and the most recent Betfair pricing. If there is a drop in the exposure on the market for which you received cash out after the payout has been completed, the money will be returned to your account. Any winnings from partial cash outs you made will be paid out once the event is over and the market has settled.
