"cash out" feature on Futures?

[k13]

Anyone seen this before?
On bet365 I placed a Arizona 12-1 ncaab future for $25....
Now a few weeks later it has an option to cash out for around $40...

Only time I've seen this...

[beermankirk]

nice, i'll look for it, or email for info

[beermankirk]

didnt old wsex have a live buy/sell feature on most futures as well?

[SportsMushroom]

yeah its a new feature for bet365, you can cash out most basketball bets as far as i can tell, if not all

sometimes you can also cash out soccer or football bets but its rare


but not worth it imo, you pay horrible juice, maybe you cant tell from a high odds future but when you bet spreads or totals is so obvious

[k13]

So you can cash out spread/ml bets too?

How do they calculate it?

Arizona is 5-1 now

[jjgold]

Must be a formula

I think a good feature

UK always ahead of the competition as they have been for 12 years or so

[VegasInsider]

That kind of marketplace sounds awesome! I'd like to trade options like that

[Coolcanuck79]

I noticed it too the other day when betting live soccer and it had an option to view bets that I can cash out. Only some of them were available so I don't know what the criteria is. I have yet to see it on football (NCAA or NFL) and never thought to check on NBA or NHL.

[Ace_of_Spades]

Similar to Betfairs Cash Out option?

[lakerboy]

bet365 will always find a way to boot you before you need to get paid.

[Ace_of_Spades]

bet365 will always find a way to boot you before you need to get paid.

Thats what stops me from using them.

[SportsMushroom]

So you can cash out spread/ml bets too?

How do they calculate it?

Arizona is 5-1 now

yes you can, also game totals, quarter totals etc. as far as i can tell any basketball bet you can cash out

they probably have special alogorithms, but as i said, horrible juice, probably around 15% by my estimates

[SportsMushroom]

bet365 will always find a way to boot you before you need to get paid.

they might boot you but they will always pay right away, i would be so bold as to say they are safer than a bank, especially in today's financial environment


also these guys have crazy high limits, you can get down 5k on a an nba line, most books dont go higher than 1k. other rec books probably not even 500$

i doubt a book with the bet365 limits is fast about limiting players, and i doubt if any sharps play there, their juice is just disgusting. i dont know how arbers actually find arbs there with that kind of juice.

[k13]

That kind of marketplace sounds awesome! I'd like to trade options like that

It would be great if done the right way. Be like sport hedge funds...

I wonder how the numbers would work....let's say I had...

Eagles 300-1 SB for $10, before the Saints game they are about 30-1
What's my value/cash out in a fair market at this point?

[byronbb]

I've seen it on party before. All books should do this. Players can free up cash and books can juice you twice.

[packerd_00]

yeah its a new feature for bet365, you can cash out most basketball bets as far as i can tell, if not all

sometimes you can also cash out soccer or football bets but its rare


but not worth it imo, you pay horrible juice, maybe you cant tell from a high odds future but when you bet spreads or totals is so obvious

I have Bayern Munich to win the UEFA Champions league,and they offered me to cash out.

[jjgold]

Betfair does it on everything although with tighter margins than any other book