Smarkets Cash Out, also known as the ‘trade out’ feature, is a powerful tool that allows bettors to manage their bets effectively. This feature enables users to lock in a profit or cut losses per contract, both pre-game and in-play, at the click of a button. This article will guide you through the intricacies of the Smarkets Cash Out feature, its operation, and how to use it to your advantage.
Types of Cash Out | Full and Partial Cash Out |
Bet Modes | Pre Match & In-Play |
Sports | All 20+ sports |
Markets | All In-Play markets |
Cash Out availability indication | After the bet is made: a green box ‘Trade Out’ will appear |
Smarkets Cash Out: How It Works
The Smarkets Exchange Cash Out feature operates in real-time, calculating the trade out based on live contract prices. This feature is activated when you have matched bets on a contract, your exposure is not £0, and there is enough volume on the market.
Consider two scenarios where Cash Out is used. The first is when the wager is almost won, but you want to hedge by locking in the profits. For instance, you’ve placed a £10 bet against Arsenal beating Manchester United at odds of 2/1 (3.00). If Arsenal’s trailing 1-0 at half time, you can decide to trade out your bet. Logically, the odds to back Arsenal to win will have increased, and so is your bet ‘current price’ to trade. By the trade out button, you can lock in a profit regardless of the match outcome. The payout will definitely not be 2/1, but in the 4/5-1/1 range.
The second scenario is when the match obviously did not start as you expected when making a prediction and a bet, and you are sure of losing and decide to take part of the bet amount limiting the losses.
How to Cash Out at Smarkets: Step-by-Step Guide
- If available, the trade out button will appear on the market overview next to the contract you previously bet on.
- Once you have clicked the trade out button, the form will appear below the contract. This details the buy/sell stake and the price.
- Given the prices on an exchange can change frequently before the off and in-play, the amount needed to trade out of your position can change. Therefore once you click trade out, you are shown a confirmation step. Your request to trade out is not guaranteed to be accepted.
- Click confirm. Once your trade out order has been processed successfully, you will see the notification.
How Cash Out Value Changes Over Time
The value of the Smarkets Cash Out feature over time can be influenced by factors such as market liquidity and price movements. These factors can affect the success of a trade out request, making it important for users to monitor and consider these factors before deciding to trade out.
Stage of Event | Cash Out (Trade Out) Value |
---|---|
Beginning of the Event | At the start of an event, the cash out value is determined by the initial odds and the amount staked. |
Favourable Progress | As the event progresses, if the outcome you have bet on is looking likely, the cash out value increases, and the back bet odds drop. |
Unfavourable Progress | If the outcome you have bet on is looking unlikely, the cash out value decreases. |
Approaching the End of the Event | Market liquidity decreases as the cash out value approaches its end and becomes less volatile. |
Volatile Scenarios | In volatile scenarios, such as sudden penalty or red card in football game, the cash out value can fluctuate quickly and significantly. |
Advantages of Cash Out
- Lock in a profit: Secure a profit before the event has ended.
- Reduce exposure: Minimise potential losses by cashing out when the outcome looks unfavourable.
- Flexibility: The ability to react to live events and adjust your bets accordingly.
Disadvantages of Cash Out
- Reduced potential winnings: Cashing out early may mean you miss out on potential winnings if the outcome changes.
- Reliance on timing: The success of cashing out depends on the timing of your decision.
Types of Smarkets Cash Out
Smarkets offers two types of Cash Out – Full Cash Out and Partial Cash Out (also known as ‘Hedge’). These options give bettors the flexibility to manage their bets according to the situation.
‘Trade Out’ button gives quick access to Full Cash Out. If you want a partial Cash Out, refer to the Trade Out Calculator by Smarkets.
Sports and Bet Types Eligible for Cash Out
With Smarkets, you can trade out any unsettled bet, which is the unique advantage of a betting exchange. This includes all types of sports and bet categories, providing a wide range of options for bettors.
How Do I Know if Cash Out is Available?
You can trade out any market on Smarkets, so there is no need for a special indication.
With Smarkets, you can quickly cash out with the ‘Trade Out’ button in one moment, subject to liquidity. As a result, your bet will be sold if there is a counteroffer among those of the exchange players.
Why Cash Out Is Not Available?
If your trade out request is unsuccessful, it may be due to one of the following:
- A lack of liquidity in the market
- The price may have moved
Tips for Using Smarkets Cash Out
- Understand the mechanics of exchange betting, including back and lay bets, matching bets, and exposure. A Match.Center article on Football Betting Strategies mentions several strategies using betting exchange approach.
- Monitor the market and consider factors such as liquidity and price movements before deciding to trade out.
Smarkets Cash Out FAQ
What types of Cash Out does Smarkets offer?
Smarkets offers Full Cash Out and Partial Cash Out to hedge your bets. Smarkets has simplified trading out with a handy ‘Trade Out’ button that does the calculations for you, allowing you to lock in a profit or cut losses both pre-match and in-play with a single click.
What types of bets and sports outcomes can I cash out on Smarkets?
You can try to trade out any bet that is not settled still on Smarkets. If there is at least one buyer among the clients of the exchange for your bet, the deal will be closed.
Why is the Cash Out Option Missing or Suspended?
If your trade out request is unsuccessful, it may be due to a lack of liquidity in the market or the price may have moved.