In sports betting, pulling a bet allows bettors to minimize their losses or secure a profit before the final outcome is known. This feature is typically available in live betting or for certain types of wagers where the bookmaker offers a cash-out option based on the current state of play. The cash-out amount may be higher or lower than the original stake, depending on the current likelihood of the bet winning.
Pulling Example
For example, a bettor places a wager on a football team to win. If the team is leading but begins to struggle, the bettor may pull the bet to lock in a smaller profit before the match ends.