Early coupon settlement is called Cash Out. This option is available on most betting sites, including Parimatch.The option is usually used to refund some of your money when a loss is highly likely. In this article, we will understand how to do it and find out in which situations it is advisable to do it – in particular, using the example of the mobile Parimatch app, one of the best on the Indian market.
Betting Markets at Parimatch
At Parimatch, Indian punters can bet on around 40 sports. The list includes regional ones like cricket, kabaddi, football and others. A separate section of the site has been created for cyber sports. In it, you can bet on matches in six disciplines.
The odds can also be assessed as average. The operator keeps a stable margin of 5-5.5% for five top sports: football, cricket, basketball, tennis, volleyball. This corresponds to the quotes for equal probability events 1.90-1.90. The margin level is the same for ‘win’, ‘draw’ and for totals and forfeits. In other sports the mathematical advantage of the operator varies from 7.5% to 8.5%.
80-90% of the line events are included in the live. The margin increases by 1.5% on average. The lineup narrows by three or four times. Online broadcasts are available. To watch them, you need to register and verify.
How to Make Cash Out Before the End of a Sporting Event?
Cash Out is used in several situations:
- A loss is likely, but it is possible to save some money.
- The situation in the match has changed dramatically, for example after a penalty. The bet is still valid, but it is possible to fail.
- You need funds for a more promising bet.
- The match or odds are selected incorrectly.
- You cannot cash out your bet at any time. Parimatch offers early settlement. The service is not free: there is a commission of at least 10%. Sometimes the office offers a price of 15-20% of the bet amount.
When the bettor foresees that he may have to cash out the bet, it is necessary to set the parameters of the option. This is done in the ‘Site Settings’ section. It is advisable to set: cash out on all tabs’.
‘Cash out without confirmation only when the amount increases’. You can enter the settings through the ‘gear’ icon. It is located in the top line of the main page of the site. If the sale is available, the amount of the transaction can be seen in the personal account in the ‘History of operations’ section, tab ‘Bet’. Also the redemption price of the bet is displayed in the coupon tab ‘History, Cash Out’. After the transaction, the money is instantly credited to the account.
Important: the function works for expresses provided that no event has been calculated yet. It is impossible to cash out the system bet.
Advantages and Disadvantages of Cash Out
On the one hand, cash out in the Parimatch apk app is a tool for professional bettors. It allows you to reduce risks and eliminate significant fluctuations in the bankroll. Daily earning implies a smooth growth of profits. Also selling a bet allows you to build optimal betting strategies.
The function is also useful for beginners. They often play with a small bankroll and prefer to take away a part of the ‘burning’ bet. The sale allows you to reduce the amount of loss.
The main disadvantage is the increased margin. Operators make buyout offers to make money on them. The mathematical advantage of the betting site over the player reaches 20%. Another disadvantage: with frequent use of the option, the bettor stops playing according to strategies, which leads to lost profits. For example, he expected to receive a payout at odds of 2.0, but was tempted by an early settlement at a quote of 1.75.
Why Choose Parimatch
Here are the main reasons why you should choose Parimatch in India:
- Wide range of betting options – Parimatch offers an extensive betting line-up on popular sports including cricket, football, tennis and many more.
- Mobile App – A convenient and functional betting app for mobile devices that allows you to bet anytime, anywhere.
- Cash-out – The ability to cash out before the end of an event, which helps lock in profits or minimise losses.
- Competitive odds – Parimatch offers some of the best odds on sporting events, which increases the chances of winning.
- Bonuses and promotions – Attractive bonuses for new and regular players, including first deposit bonuses and promotions on popular events.
- Multi-Payment System Support – Convenient and secure deposit and withdrawal methods, including local and international payment systems.
- Reliable and licensed – Parimatch is licensed to ensure fair play and protection of player data.
- Multi-language support – Including support in Hindi and English, making the platform accessible to a wide audience in India.
- Simple interface – Easy and intuitive website and app interface that allows you to quickly navigate and bet without hassle.
We recommend that you go through the registration process in the Parimatch app. This way you will not only be able to earn in different ways, but also get the maximum variety from betting money. Good luck!