Some punters like to “cut and run” when the going gets tough and now a new U.S. online sportsbook feature has been launched to cater to those individuals. It gives players the unbelievable ability to give up on bets and get a little money back when things aren’t going according to plan.
The new settlement option is somewhat similar to “surrender” in blackjack because a portion of wager amounts is returned before final results comes to pass, allowing a semi-honorable France-like retreat from the battlefield to fight another day. Alternatively, simply choose to lay down arms and be totally vanquished by the enemy. Veterans will know this by its traditional name of Cash Out and now well-respected Bovada casino allows members to “throw in the towel” and take back some cash before games are over and officially in the books.
Payout amounts are a simple calculation based on odds of the bet ultimately being a winner, which will be updated continuously throughout the action. They will be offering this for all sports soon but currently it’s only available for NCAAF, NFL, and 1×2 soccer moneylines. They’re firmly on record confirming NBA, MLB, and NHL will be added before the end of the year so every major league will be eligible to prematurely return funds.
To use an extreme example, if taking the Rams to win but they’re down by 14 points with 10 seconds left in the 4th quarter and on defense against Seattle with no timeouts left, their probability of winning is 0%. Alternatively, the chances of the Seahawks winning are obviously at 100% in this specific situation. So the new Bovada Cash Out option constantly crunches numbers for all to see and allows calculated refunds at any time.
The process for claiming Cash Outs takes two seconds and current payouts will always be displayed by the receipt in the
Open Bets section of accounts. Just click
Cash Out at any time to have the wager settled and funds placed onto balances in seconds, immediately available to be spent on any other great products.
Like Kenny Rogers said,
You gotta know when to hold ’em, know when to fold ’em, so join and deposit with Bitcoin at Bovada or any other easy banking method today to start getting paid much earlier than other offshore books. Raising the white flag of surrender never felt so good.