Taking Cash Out on Accas
I’ve signed up with Betway to take advantage of their New Customer Offer and placed a £30 qualifying bet on a 3-way football acca at odds of 4.6/5.4 (back/lay) using the Money Back if Bet Loses calculator, which suggests I’ll make around £14 overall. (That’s not great, but I don’t subscribe to any services that might have found a closer odds match, and I wanted to go with high-profile games for my initial bet).
Now the first leg of the acca has won, and Betway are offering me a cashout value of £55 (which includes my £30 stake). I can’t work out whether there is any way to earn more profit by taking the offer.
The liability at the exchange is £94, based on a stake of just over £21, so if I simply take the cash out I could be the best part of £70 out of pocket if the other two legs win, although I’d make a total profit of £46 if one of the legs loses.
Is it a general rule that cashing out matched bets is a bad idea?