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Long gone are the days where you must wait for the final whistle to know if your bet has been successful.
Cash Out betting is a feature that has been added by many online bookmakers to allow their customers the option of settling their bets before the event has finished.
You have the option to cash out a winning or losing bet before the final whistle to lock in a profit or loss.
When to cash out a bet?
Knowing the perfect time to cash out a bet can only be known after the event has concluded, however there are times where it is the smart choice to cash out your bet.
- In the final few minutes of a match where your bet is winning is a good time to cash out. Losing your bet with a last-minute equaliser can be annoying and the difference from letting your bet run to cashing out at 90 minutes will be minimal.
- Where several selections in an accumulator or multi leg bet have won and you are happy with the profit and do not want to risk losing.
- In-play where the selection you have made looks increasing unlikely to be the outcome, this could be a winning or losing cash out amount.
When not to cash out a bet
There are scenarios when cashing out a bet might not be the best option. One example is where you are in the running to receive a bonus from a Lucky 15/31/63 and you cash out, you more than likely will not be eligible for the bonus. This could cost you a hefty bonus so best looking at laying the bet.
Another example would be where the cash out amount offered is not worth your while, if you have a few losing legs on an accumulator and the offer is miniscule, you are probably best o let the bet run.
Also, when you are betting with bonus funds you may not meet the bonus requirements, and/or if you are placing a bet to meet bonus requirements in order to get a bonus.
Can I Cash Out In-Play?
Cash out betting in-play is one of the best times to use this feature as you are able to watch the action and interpret how the bet will play out.
What is Auto Cash Out?
Auto Cash Out is a feature you can use once you have placed your bet, you can select an amount which you would be happy to receive. If the bet reaches that specific cash out threshold it will be automatically settled. This is a great option to use if you are unable to follow the bet or have access to a phone/laptop to manually press cash out.
What is Partial Cash Out?
Partial Cash Out I a feature where you can cash out part of your bet and leave some of your stake on. This is a good option to use if you would like to recoup your stake and still keep the bet going.
Can you auto cash out and partial cash put on the same bet?
In short yes you can, you can set the cash out amount you would like to receive.
Why Do Bookmakers Offer Cash Out?
Bookmakers offer the option for bettors to cash out their bet for a few reasons, mainly because it is a popular option and will keep bettors at their site.
It also makes the bookmaker money! Yes, you might think you are getting the upper hand by having the option to cash out, and you might be in this one instance. Over the long run the bookie will have the upper hand as they are generally offering worse odds for cashing out.
Which bookmakers offer cash out betting?
Cash out betting has become extremely popular and all the online bookmakers listed on this website offer cash out betting. It is quite rare to find a bookmaker that does not offer cash out betting these days.
Alternative options to cash out
Sometimes using the cash out option where you placed the bet is not the best option and you may be able to get a higher return by laying the bet at a betting exchange. This will involve some knowledge on how to use a betting exchange, a balance in the exchange to cover the lay and experience in when to placing the lay.
Hedging the bet at another bookmaker might also get you a higher return, using the Asian handicap markets can help as they eliminate the draw and normally have better odds.
Cash out betting strategy
Looking at cash out from a betting strategy perspective is highly dependent on how you want to take advantage of this feature. Firstly, you must understand that it is a welcome feature to have and a great option to use occasionally. However, you may not be getting the best value from using it. If you want to regularly cash out, then looking at alternative markets or placing a lower amount of selections may pay better.
That said we believe it is a great option to use with an accumulator with multiple selections that may be winning at half time for example but will more than likely lose. Having the ability to cash out may bring in a tidy profit with minimal outlay.
Over/under 1.5 goals is a good market to get the feel of cash out betting as most goals in a football match are scored in the last 15 minutes.
Also, using a bookmaker with good odds is key to extracting value from cash out betting, a good place to start would be the market leader bet365. (#ad). They have all the cash out options highlighted in this guide.