Unibet’s Revolutionary Cash Out Feature for NJ Players

The term ‘Cash Out’ is not yet one that is familiar to New Jersey sports betting fans, however, around the world, online sports wagering enthusiasts have been enjoying the benefits that Cash Out features offer for some time now.

Long story short, a Cash Out feature is a superb option for live bettors that are looking to manage the risk of a loss with their sports wager, or they are simply not confident they will win and as such, enjoy the safeguards of being able to protect their bankroll with the potential of ‘cashing out’.

As one of the big globally-branded online sportsbooks legally licensed-and-regulated to operate in the Garden State, Unibet, has one of the best Cash Out programs in New Jersey.

What is a Cash Out Sports Wager?

Put at its simplest, a Cash Out option allows you to settle your live wagers before the sports action has finished, which means you can guarantee some profit or reduce any potential losses.

With a Cash Out, any bettor can enjoy taking partial winnings if a wager looks good early but for whatever reason, doesn’t feel like it may end up as a winning bet. Additionally, a sports bettor may choose to cash out early on a wager that will clearly lose, in order to limit the lost amount of the bet.

On occasions, it may prove more beneficial or profitable to take the money when it’s available as a cash out on a wager that feels that it may not end up as a winning bet.

For example, you may choose to place a $10 bet at odds of +100 on the New York Giants to successfully win an NFL game over the Dallas Cowboys. The total amount you might win with a traditional wager from this bet would be $20, as you would get $10 in winnings plus your original stake returned back. However, imagine that the Giants are up by 1 touchdown with 4 minutes left on the clock. You are in a good position to win your wager; however, you might be concerned that the Cowboys still have time on the clock to come back and win. You may prefer not to risk losing too much money, and choose to use the available cash out feature.

Your Cash Out amount payout would possibly be quite good, as your wager was a likely winner. You might possibly expect a cash out of approximately $16, missing out on $4 of profit. However, by cashing out early, you will receive your winnings no matter how the match ends.

Sports bettors love the opportunity to guarantee wins. What’s more, you can also reduce your losses and take something away, a neat and attractive addition to the features of live, in-play betting.

How Unibet’s Cash Out works

It is important to note, that not all wagers offered by Unibet online sportsbook will offer the opportunity of a Cash Out. However, on selected sports and events, the Unibet Cash Out feature will be available for Pre-Match, Live, Parlay and Futures Wagers.

Prior to placing your sports wager with Unibet Sportsbook, a Cash Out label on your bet slip will indicate if your bet(s) in question are eligible for the Cash Out feature. After placing your sports wager, you can select the Cash Out feature by using the ‘My Bets’ tab on the event page. The bet will be settled at the price shown on screen and the money deposited as winnings in your account instantly.

It is important to note that the Unibet Cash Out Feature is never guaranteed to be available on a specific event. Always check your Unibet Bet Slip to see if a Cash Out will be available on the event that you are interested in.

Happy Sports Betting!

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