The role of impulsivity in decisions to cash out of a risky bet

A common feature of contemporary sports-betting apps is ‘instant cash-out’, which allows users to settle a bet early in exchange for a discounted immediate payout. Despite high prevalence and links with gambling-related harm, relatively little is known about how personality traits associated with gambling, such as impulsivity, predict instant cash-out usage. To address this question, we recruited 145 general-population adult participants (69 men, 66 women, 10 non-binary or undisclosed; Mage = 36.3, SD = 10.7) to complete five self-report questionnaires related to impulsivity, as well as the Problem Gambling Severity Index (PGSI), and a validated cognitive task measuring individual differences in cash-out frequency. We then assessed how cash-out frequency in the behavioral task was associated with both self-reported impulsivity and PGSI. We found that cash-out frequency was negatively correlated both with PGSI scores and with a number of impulsivity-related traits including Dysfunctional Impulsivity, Lack of Premeditation, Positive Urgency, Sensation Seeking, and Fun Seeking. An exploratory factor analysis revealed that higher scores on a latent ‘Dysfunctional Impulsivity’ factor were negatively associated with cash-out frequency overall, whereas higher scores on an ‘Inhibition and Inflexibility’ factor predicted higher cash-out frequency specifically for bets with a low win probability. Taken together, results suggest that instant cash-out may primarily appeal to less impulsive people and those with lower PGSI scores. This raises the possibility that instant cash-out may specifically facilitate increased gambling behaviors among people with less prior experience of gambling.