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💰 Cashout & Hedging a Bet

Use cashout to settle bets early or hedge by placing a second bet to reduce risk. Both help secure profits or minimize losses.

Neil avatar
Written by Neil
Updated over a week ago

Manage Risk and Secure Profits with Smart Betting Strategies

Sportmarket gives you the tools to control your bets - whether through our Cashout feature or by manually hedging a bet.
Both strategies allow you to respond to live events, manage risk, and protect your potential returns.


🔄 What Is a Cashout Bet?

Cashout lets you settle a bet early, before the match or event has ended. It’s available for selected events and can be a great way to:

  • Lock in profit when your bet is going well

  • Minimize losses when the event isn’t going in your favor

Cashout is available in the "Position" tab after placing your bet (if eligible).
📌 Note: Not all bets or events offer the cashout feature.


⚙️ How Does Cashout Work?

When you cash out, you’re accepting a current market value for your bet, based on:

  • The odds at the time of your cashout

  • Your initial stake

  • The likelihood of your bet winning

It is not a new bet - you’re simply exiting your current bet early at a value calculated by the system.

🧾 Example:

You bet €50 on a match at odds of 2.0 → potential profit: €50

If your team is winning but the game is close, the system may offer a €40 cashout — allowing you to guarantee profit before the final whistle.

If the team is losing or odds have shifted against you, the offer might be lower than your stake, helping you recover part of your bet.


✅ Why Use Cashout?

  • 📉 Minimize losses when things aren’t looking good

  • 💵 Lock in profit before the outcome changes

  • 🤝 Get more control over your bets in real-time


🧠 What Is Hedging a Bet?

Hedging is an alternative strategy when cashout isn’t available or when you want more control.
It means placing a second bet on an outcome that covers your original bet = so you profit (or limit losses) regardless of the final result.


🔁 Example of Hedging

Let’s say:

  • You bet €100 on Barcelona to win at odds of 2.2

  • Potential return: €220 (profit: €120)

During the match, Barcelona leads 1–0, but you’re unsure they’ll hold the lead.
To hedge, you place €110 on Double Chance (X2) - meaning Liverpool win or draw - at odds of 2.0

Two outcomes:

  • Barcelona wins:

    • You win €220 from the first bet

    • Lose €110 on the second bet

    • Net profit: €110

  • Draw or Liverpool wins:

    • Lose €100 from the original bet

    • Win €220 from the second bet

    • Net profit: €120

In this case, you’ve effectively guaranteed a profit no matter what happens — that’s hedging in action.


🎯 When to Use Hedging

  • Cashout is not available

  • You want to secure a return, even if it’s smaller

  • You’re betting on long-term markets, futures, or in-play with changing odds

  • You’re nervous about the outcome and want peace of mind


💡 Final Tip

Hedging and cashout aren’t about maximizing wins - they’re about minimizing risk and gaining control.
Used wisely, both strategies can turn volatile betting moments into confident decisions.

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