{"id":38300,"date":"2026-07-12T09:00:00","date_gmt":"2026-07-12T08:00:00","guid":{"rendered":"http:\/\/localhost:8888\/cash-out-costs-more-than-most-bettors-assume\/"},"modified":"2026-07-12T09:00:00","modified_gmt":"2026-07-12T08:00:00","slug":"cash-out-costs-more-than-most-bettors-assume","status":"publish","type":"post","link":"https:\/\/preview.sportpulse.anpsthemes.com\/betting\/cash-out-costs-more-than-most-bettors-assume\/","title":{"rendered":"Cash-out costs more than most bettors assume"},"content":{"rendered":"\n<p class=\"anps-post-betting__lead wp-block-paragraph\">We opened positions at twelve operators across football, basketball and tennis, and at set points during each event recorded the cash-out offer alongside the fair value of the position \u2014 stake times original price times the current probability at the sharpest live market we could see. A hundred and eighty comparisons. The average offer was 6.4% below fair value, and the range was wide.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Marlin and Stadion, the two operators whose cash-out coverage is broadest, were also the fairest at 4.1% and 4.4% below fair value. Three operators in the guide averaged over 9%, and one exceeded 12% on positions in the final ten minutes of football matches, when the live market is thinnest and the offer is most tempting. Partial cash-out carried the same haircut on the fraction sold at every operator we tested.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">None of this makes cash-out useless. It makes it a trade with a price, and the price is now on every review in the live-betting section. The cash-out guide sets out the two situations in which taking it is still correct and the several in which it is not.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>We compared 180 cash-out offers against the true value of the position. The average haircut was 6.4%.<\/p>\n","protected":false},"author":21,"featured_media":33820,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_spx_person_id":0,"_spx_fixture_id":0,"_spx_pick_id":0,"_spx_eg_facts_label":"","_spx_eg_facts":"","_spx_figure_caption":"A hundred and eighty offers, compared with the fair value of each position at the sharpest live price we could see.","_spx_news_feat":"","_spx_video_url":"","_spx_duration":"","_spx_views":"","_spx_presenter":"","_spx_media_state":"","_spx_start_at":"","_spx_media_status":"","_spx_episode":"","_spx_subject":"","_spx_subject_role":"","_spx_story_year":"","_spx_duration_seconds":0,"_spx_view_count":0,"footnotes":""},"categories":[8],"tags":[120,139,240],"spx_comp":[],"spx_fixture_ref":[],"spx_series":[],"spx_format":[],"spx_video_kind":[],"spx_show":[],"spx_sport":[],"spx_flag":[],"class_list":["post-38300","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","tag-analysis","tag-cash-out","tag-margins"],"_links":{"self":[{"href":"https:\/\/preview.sportpulse.anpsthemes.com\/betting\/wp-json\/wp\/v2\/posts\/38300","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/preview.sportpulse.anpsthemes.com\/betting\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/preview.sportpulse.anpsthemes.com\/betting\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/preview.sportpulse.anpsthemes.com\/betting\/wp-json\/wp\/v2\/users\/21"}],"replies":[{"embeddable":true,"href":"https:\/\/preview.sportpulse.anpsthemes.com\/betting\/wp-json\/wp\/v2\/comments?post=38300"}],"version-history":[{"count":0,"href":"https:\/\/preview.sportpulse.anpsthemes.com\/betting\/wp-json\/wp\/v2\/posts\/38300\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/preview.sportpulse.anpsthemes.com\/betting\/wp-json\/wp\/v2\/media\/33820"}],"wp:attachment":[{"href":"https:\/\/preview.sportpulse.anpsthemes.com\/betting\/wp-json\/wp\/v2\/media?parent=38300"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/preview.sportpulse.anpsthemes.com\/betting\/wp-json\/wp\/v2\/categories?post=38300"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/preview.sportpulse.anpsthemes.com\/betting\/wp-json\/wp\/v2\/tags?post=38300"},{"taxonomy":"spx_comp","embeddable":true,"href":"https:\/\/preview.sportpulse.anpsthemes.com\/betting\/wp-json\/wp\/v2\/spx_comp?post=38300"},{"taxonomy":"spx_fixture_ref","embeddable":true,"href":"https:\/\/preview.sportpulse.anpsthemes.com\/betting\/wp-json\/wp\/v2\/spx_fixture_ref?post=38300"},{"taxonomy":"spx_series","embeddable":true,"href":"https:\/\/preview.sportpulse.anpsthemes.com\/betting\/wp-json\/wp\/v2\/spx_series?post=38300"},{"taxonomy":"spx_format","embeddable":true,"href":"https:\/\/preview.sportpulse.anpsthemes.com\/betting\/wp-json\/wp\/v2\/spx_format?post=38300"},{"taxonomy":"spx_video_kind","embeddable":true,"href":"https:\/\/preview.sportpulse.anpsthemes.com\/betting\/wp-json\/wp\/v2\/spx_video_kind?post=38300"},{"taxonomy":"spx_show","embeddable":true,"href":"https:\/\/preview.sportpulse.anpsthemes.com\/betting\/wp-json\/wp\/v2\/spx_show?post=38300"},{"taxonomy":"spx_sport","embeddable":true,"href":"https:\/\/preview.sportpulse.anpsthemes.com\/betting\/wp-json\/wp\/v2\/spx_sport?post=38300"},{"taxonomy":"spx_flag","embeddable":true,"href":"https:\/\/preview.sportpulse.anpsthemes.com\/betting\/wp-json\/wp\/v2\/spx_flag?post=38300"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}