Book now allows you to opt out before and during almost all pending plays at adjusted rates. Straight, parlays, and futures...all applicable. Basically live hedging.
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11-25-16 07:14 PM #1
Sportsbook.ag Cash Out Option
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11-25-16 07:22 PM #2
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11-25-16 07:46 PM #3
nice option, wish it was at a different book
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11-26-16 07:04 AM #4
Originally Posted by Memento
Cash Out is by far and away the biggest rip off in betting. It is the biggest money spinner the bookmakers have had for years. And not only that, Sportsbook.ag are trying to hide what a complete rip off it is by talking complete and utter rubbish when explaining what cash out is: Originally Posted by Memento
https://www.sportsbook.ag/info/cashout
"HOW IS MY CASH OUT VALUE CALCULATED?
Cash Out value is calculated on the current value of the original wager. In the case of parlay bets, any results of legs that have finished are taken into account."
What they are saying there is simply complete and utter crap. They say the "Cash Out value is calculated on the current value of the original wager." What bookmakers actually do in reality, is calculate the "current value of the original wager", and then take between 10%-60% off that amount, with the percentage they take off dependent on what type of bet it is, and then the cash out value they actually offer in reality is the "current value of the original wager", less 10%-60%, hence it being a complete rip off.
If you want to hedge your bet, place the hedge bet somewhere else at the best price available, and then you're getting as close to the full value of your bet as possible when hedging, not the 10%-60% less than the full value of your bet that you would get if you were to cash out with the same bookmaker that you placed your original bet with.
The very simple premise to remember is, if you ever press that cash out button, you are getting royally ripped off.Last edited by luctens; 11-26-16 at 08:04 AM.
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