> For the complete documentation index, see [llms.txt](https://pred-1.gitbook.io/pred-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://pred-1.gitbook.io/pred-docs/trading/order-types/cashout.md).

# Cashout

Cashout means selling your bet early instead of waiting for the event to finish.

You bought shares that pay **$1 if you’re right** and **$0 if you’re wrong**. Cashout is selling those shares now at the current market price instead of waiting.

<figure><img src="https://1854926693-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fd78WwFKvYQnSIywR3hjV%2Fuploads%2FxdoGTEEiEDzNcNnMcg8v%2Fcashout.png?alt=media&amp;token=ecc84402-cae5-427c-a04b-f0b699533eb6" alt=""><figcaption></figcaption></figure>

If the market moved your way, you lock a smaller profit. If it moved against you, you cut a loss. You give up the chance of the full $1.

Unlike a sportsbook, the platform does not set the cashout price. **Other traders do.** You get the best bid someone is willing to pay, minus a small fee. On thin markets that price can sit below the number on the screen.

**Hold** if you still like the original bet. **Cash out** if you want certainty today.

On PRED it's very simple, you can cashout whatever percentage you like at any give point of time!