Glossary term
Cash Out
Settling a bet early at the book's live valuation — locking profit or cutting loss before the event finishes.
Cash out prices an open ticket in real time — current win probability minus margin — and lets the bettor take it now.
The margin nobody itemizes
Every cash-out embeds a second helping of vig: the offer is systematically below fair value, and habitual cash-out users donate margin twice per bet. It’s simultaneously genuine utility (risk management players demonstrably want) and a monetization layer. Content that computes fair value versus offered value on live examples delivers the rare explainer readers bookmark — and share.
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