How to use it
- Enter your betThe stake and the total odds you took.
- Enter the odds nowThe current price of your bet winning. For an acca, multiply the current odds of the legs still running.
- Enter the offerThe cash out amount the bookmaker shows.
The formula
Fair value = stake × original odds ÷ current odds. Offer share = offer ÷ fair value. The gap between them is the extra margin the bookmaker keeps for settling early.
Worked example
A ₦1,000 bet at 6.00 now trades at 1.50. Fair value = ₦1,000 × 6.00 ÷ 1.50 = ₦4,000. If the offer is ₦3,500, you would give up ₦500, or 12.5% of the fair value, for certainty.
| Offer | Share of fair value |
|---|---|
| ₦3,800 | 95% |
| ₦3,500 | 87.5% |
| ₦3,000 | 75% |
A fair value counts the current odds as fair, but they include a margin too, so this is a generous benchmark. An offer at 90% or more of it is usually close to what a hedge would give.
Cash out FAQ
Is cash out ever a good idea?
It can be, when you would rather have a sure amount than the risk. It is rarely good value, because the offer includes extra margin.
Why did my cash out offer disappear?
Bookmakers suspend cash out during dangerous attacks, goals and red cards, or when a market is suspended.
Can I cash out part of a bet?
Some bookmakers offer partial cash out. The value of the rest keeps moving with the odds.
Is hedging better than cashing out?
Compare them. The hedge bet calculator shows what you could lock in at another price.