*Thanks in advance if anyone advises that cash out is a bad idea. I am aware that it is a bad idea in most scenarios. No need to educate me in that regard.
Im not the best at math but wouldnt it be possible to uncover the cashout formula algebraically? The books usually disclose that it is based on factors that include the stake, the original odds and the current odds. If those are the only factors then it should be possible but my intuition is that there are more variables. I question this after looking at some examples and oddly not being able to see a pattern.
I'll post some real life examples i have seen from a soft book to see if anyone wants to take a crack at it:
Bet stake: 500
Original odds: 6
Current odds: 6
Cash out: 333.34
Bet stake: 300
Original odds: 23
Current odds: 19
Cash out: 135.30
Bet stake: 100
Original odds: 51
Current odds: 34
Cash out: 25.38
Bet stake: 500
Original odds: 7
Current odds: 5.5
Cash out: 437.50
Bet stake: 200
Original odds: 34
Current odds: 34
Cash out: 200
Bet stake: 200
Original odds: 21
Current odds: 26
Cash out: 161.54
Bet stake: 200
Original odds: 67
Current odds: 34
Cash out: 200
Bet stake: 500
Original odds: 17
Current odds: 8.5
Cash out: 653.85
Bet stake: 500
Original odds: 9
Current odds: 5.5
Cash out: 562.5
Bet stake: 500
Original odds: 7
Current odds: 12
Cash out: 291.67