- Cash out refers to the option of settling a bet before the event finishes at higher or lower than the original potential payout.
What Is Cash Out In Betting?
Cash out is a popular feature offered by many bookmakers that allows bettors to settle their bets before the event they’ve bet on has concluded. This feature provides flexibility by enabling bettors to lock in a profit or minimise potential losses based on the current odds of their bet.
When a bettor opts to cash out, the bookmaker offers them a cash out value, which is calculated using the original stake and the current odds at the time of the cash out request. This value represents the amount of money the bettor would receive immediately if they choose to cash out at that moment. It’s important to note that the cash out value can fluctuate in real-time depending on how the event is progressing and how the odds are changing.
Cash out is applicable to various types of bets, including single bets placed before an event starts, accumulators with multiple selections, and even bets placed during the course of an event (in-play bets). However, not all bets are eligible for cash out, and the availability and terms of the feature can vary between different bookmakers.
While cashing out can be advantageous, allowing bettors to secure a profit or cut potential losses early, it also involves strategic decision-making. Bettors must weigh the immediate benefit of cashing out against the potential outcome if they were to let the bet run until the event concludes. Cashing out early may mean missing out on additional winnings if the event turns in favour of the original bet, or it could limit losses if the event goes against the bettor’s prediction.
Ultimately, the decision to cash out depends on individual circumstances, risk tolerance, and the specific dynamics of the event being bet on. Bettors often use cash out strategically, especially in situations where the outcome is uncertain or when they want to secure a guaranteed return regardless of the final result.
Best Bookies For Cash Out
1. Bet365
Bet365 stands out as the most comprehensive option in the market, offering Full, Partial, and Auto cash out features. The availability of these options may vary depending on the event, market, and timing.
Auto cash out, a unique feature exclusive to Bet365, allows bettors to settle bets automatically when the value reaches a predetermined threshold.
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2. William Hill
William Hill provides cash out and partial cash out options for both single and multiple bets across inplay and pre-event markets.
The user-friendly interface includes a clearly visible cash out button and an intuitive slider for partial cash out, accessible on both desktop and mobile platforms.
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3. Betfred
Betfred offers an exceptional cash out system that covers a wide range of sports, including horse racing, football, and tennis. It includes both full and partial cash out options for single and multiple bets, providing users with flexibility.
The interface is simple and intuitive, enhancing the overall experience for bettors.
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4. 888 Sport
888sport provides cash out options for selected events in both pre-match and live betting, as well as for single and multiple bets.
While generally competitive with its rivals, a drawback is the absence of cash out options for pre-match singles in accumulators outside of football.
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5. Unibet
Unibet offers cash out on numerous pre-match and inplay football markets.
Although the system is user-friendly and comparable to competitors, it lacks partial cash out functionality. Additionally, Unibet falls short in terms of the variety of sports and markets available for cash out.
However, the platform compensates with competitive odds and an excellent overall betting experience.
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What Is Partial Cash Out?
Partial cash out is a feature offered by many bookmakers that allows bettors to cash out a portion of their bet while leaving the remainder active. It provides flexibility by enabling bettors to secure some winnings early while still retaining a stake in the outcome of the remaining part of their bet.
Partial cash out is typically available for in-play markets and available through a user-friendly interface provided by the bookmaker.
Tips For Cashing Out
Here are key tips to effectively utilise cash out and enhance your sports betting experience.
- Understand the Feature: Before using cash out, familiarise yourself with how it works on your chosen betting platform. Understand the conditions, fees (if any), and whether it’s available for all types of bets.
- Set Clear Goals: Determine your objectives for cashing out before placing your bet. Decide if you aim to secure profits, limit potential losses, or both. Having a clear strategy will guide your decision-making process.
- Stay Informed: Stay updated with sports news, player injuries, and other factors that could impact the outcome of the event. This knowledge can influence your decision to cash out or hold onto your bet.
- Evaluate Risk vs. Reward: Assess the potential impact of cashing out on your overall betting strategy. Evaluate whether the offered cash out value adequately reflects the true probabilities and potential outcomes of the event.
- Use Partial Cash Out: Consider using partial cash out if available. This allows you to secure some winnings while still leaving a portion of your bet active. It provides flexibility and mitigates the risk of regretting a premature cash out.
- Learn from Experience: Review your past cash out decisions to learn and improve your strategy. Identify patterns or scenarios where cashing out was beneficial or where it could have been optimised.
- Practice Responsible Betting: Use cash out as a tool to enhance your betting experience and manage risks responsibly. Avoid over-reliance on cash out and maintain discipline in your overall betting approach.
Pros & Cons Of Cash Out
Cash out can be a useful tool for sports bettors, but it’s important to use it judiciously and with a clear understanding of its advantages and limitations. Here are the main pros and cons of cashing out your bets:
Pros
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Lock in Profits
Cash out allows you to secure a profit if your bet is currently winning. This can be particularly useful if you're not sure how the event will end or if you want to take a more conservative approach to your betting strategy.
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Limit Losses
If your bet is heading towards a loss, cash out enables you to minimise potential losses by settling early. This can protect your bankroll from significant downturns.
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Flexibility
Cash out gives you the flexibility to adjust your bets and respond to changing circumstances. If the odds change or there's a significant event that could affect the outcome of the game, you can take advantage of the cash out option and adjust your strategy accordingly.
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Avoid Late Drama
By cashing out early, you can avoid the stress of late-game uncertainty. This allows you to enjoy the match without the anxiety of waiting for the final outcome of your bet.
Cons
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Reduced Potential Winnings
Cashing out before the event concludes means accepting a payout that is lower than your potential winnings if you had let the bet run its course. This could lead to missing out on higher profits in some scenarios.
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Lower Value
The cash out amount offered may not always accurately reflect the true value of your bet. Bookmakers calculate cash out values using algorithms that may not consistently align with the actual probabilities involved.
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Unavailable for All Bets
Cash out options are not universally available for every bet type. Even when cash out is available, there may be certain conditions or restrictions that apply.
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Overreliance
Relying too heavily on cash out can be detrimental to your overall betting strategy. If you're constantly cashing out early, you may miss out on opportunities to learn and improve your betting skills.
Major Bookmakers With Cash Out
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