What Does Early Payout Mean in Betting

What Does Early Payout Mean

How often has your team led the whole match only to lose the game at the last minute? We’ve all been there. You pick a favourite and are minutes away from winning a chunky parlay until the betting gods decide to turn their back on you. Wouldn’t it be nice if you could cash your ticket a few minutes before the final whistle while the score is still good, albeit for a smaller profit?

Well, that’s exactly what early payout betting allows you to do. By meeting certain conditions laid out by the bookie, the outcome in early payout betting is determined before the conclusion of the entire event.

Early Payout in Betting: Meaning

Early payout betting first appeared in the late 1990s. It started off as a marketing strategy to make some bookies more appealing to bettors. They paid off tickets, picking the final league champion before the season ended. The idea was that if a team had led the league table by so many points that it was hard for anyone to reach them by the end, the season was as good as over. So bookies offered to pay out bettors who picked that team a few weeks early. The catch was that the payouts came at slightly lower odds.

The idea later spread to many sportsbooks and sports and became а standard feature at dozens of betting sites. Match results, points spread, and many other props became popular for early payout betting.

How Does Early Payout Work

Unlike standard betting, where you must wait for the match to be over, early payout betting relies on a specific condition being met during the course of the event. Say you bet on the winner of a football match to be the home team. The bookie then sets a condition of a two-goal lead for early payouts. So, if the home team leads by two goals at any point in the match, the condition is fulfilled, and the bet is considered a winner. You receive your winnings immediately, even if the opposing team makes a comeback later in the game.

This type of betting is a standard risk mitigation strategy. You grab the win at lower odds to secure the parlay and get out on top. It’s a very effective strategy in competitive leagues and derbies where favourites take the lead early, but the losing teams often bring the game back late. Every bookmaker regulates early payout betting differently. Read the terms and rules carefully to understand the conditions.

Cash Out & Early Payout: The Difference

Cash out and early payout are not to be confused with one another. While the two features may sound similar, they are two very different wagering strategies. With early payout betting sites, you can win a bet automatically when predetermined conditions are met in an event. The money is received regardless of the final outcome. For instance, if a rugby team secures a 15-point lead at any point during the match, the early payout is triggered.

On the other hand, cash out bookmakers allow bettors to settle their bets before an event concludes at their own will. You choose to cash out from the ticket early by yourself and obtain a fraction of the potential winnings based on the ongoing situation.

What are the Best Sports for Early Payouts?

Football, basketball, and tennis are among the most popular sports for early payout betting. The nature of these sports brings about many unpredictable outcomes. We often see second-half ties or complete comebacks. Parlays can develop well until they take a hard turn. Here’s what early payout betting looks like in each of these sports and how you can use it to your advantage:

Football

A common strategy in football is to pick the final winner of the match. Early payouts in football are typically triggered after a team takes a certain lead commonly by two goals. This might come in many results – 2:0, 3:1, 4:2, etc. Another way to play the odds to your favour is to place ‘any time’ prop bets. ‘Any time home team’ means your bet is won when the home team takes the lead, even if it’s a temporary one-goal advantage.

Basketball

Similar to football, early payout betting in basketball relies on predefined conditions leading to automatic victory before the game concludes. The conditions are usually set as substantial leads. For example, 20 or more points are reached at any game time. Basketball leagues like the NBA often see huge swings in momentum. A team can lead double digits the whole match only to lose in the final quarter, making early payout a much more attractive option than standard betting.

Tennis

Conditions for early payout wins in tennis can come in many forms. Different bookmakers consider different outcomes as an ‘early win.’ The most common condition is a two-set lead for tournaments best-of-five matches. For WTA and other best-of-three matches, early payout bets are usually won after first-set wins or after a significant game lead in the final set.

FAQ

What does early payout mean?

Early payout betting refers to a type of wagering where specific predetermined conditions lead to an automatic win before the event finishes. If the conditions are met during the course of the event, the bet is settled as a winner. You can then cash your money out, not waiting for the final outcome, which can often be unfavourable.

How does early payout work in betting?

Early payout conditions are usually set as significant leads that determine the winner before the match ends. If you pick the final winner in football, for example, the bet will win if your team takes a certain lead.

How does early payout differ from cash out?

Early payout is an automatic bet win triggered after specified conditions are met. In contrast, cash out is a feature allowing you to jump out of a ticket early, choosing to trigger the feature yourself. Cash-out allows you to settle your bets before the event ends, receiving a portion of potential winnings based on the current situation.