Cash Out is a product from Paddy Power that allows you to lock in a profit or loss before waiting for an event to finish. Paddy Power does the maths to offer you a value in real time of your current bets based on the live market prices.
How does it Work?
You have placed a bet on your favourite team to win for a stake of €10 (Price at 2/1).
60 minutes in and the match is finely balanced but your team have a slender 1-0 lead. Normally you would have to wait until the match has ended to see if you would win your bet.
But what if your team conceded a late equalizer?
Paddy Power offers the option for the customer to Cash Out for €18. So, you can decide if you want to wait until the end of the match and hope your bet is a winner or you can accept the offer and lock in your profit.