Did you know it’s possible to win money with the bookies even if you back a selection that is settled as a losing bet? That is due to the emergence of Cash Out which is now widely available across our best betting sites, with customers able to enjoy this facility when it comes to a wide range of sports.
Cash Out ultimately provides customers with more choice than ever before. Instead of betting on events and waiting for your wager to be settled as a winner or loser, you can now choose to get Cash Out on your bet. In this article, we profile the bookmakers who are the best when it comes to earning Cash Out along with explaining a strategy when it comes to this betting approach.
There are lots of bookmakers who operate a first-class Cash Out service and that means you have plenty of choices when it comes to getting an early payout. The bookies will differ in terms of the Cash Out offer for different bets, while not every sport or market is covered by this service and it’s important to establish whether Cash Out will be available before you go ahead and place your bet.
Every bookmaker also reserves the right to suspend Cash Out on a particular betting market, so you’re not always guaranteed to get an offer. Many betting customers particularly like Cash Out when it comes to bets like an accumulator where the value increases for every leg of the multiple bet that wins. It’s good to be able to tell when a Cash Out offer looks value considering the probability of that original bet winning.
Cash Out is when a customer places a bet and then decides to take money from the bet before the wager is settled. For example, you could bet on Manchester United to win their next Premier League match and cash out for a profit when they’re winning 1-0 with twenty minutes left. Alternatively, you might have four legs out of five winning on your accumulator and want to guarantee an early profit.
Cash Out can also be used to reduce your overall losses. If you’ve bet €100 on Chelsea to win and the scoreline is goalless with twenty minutes left, it might make sense to Cash Out and take €50 rather than risk losing the full amount if they fail to find the net before the final whistle. Similarly, some customers break even when they decide to Cash Out.
Here are some examples of Cash Out:
Partial Cash Out
Auto Cash Out
We always recommend that customers weigh up whether the Cash Out offer from a bookmaker represents value or not. You might be excited about making €100 from an accumulator which would return €120 when settled, although it might generally be worth waiting for that team at 1/3 to play their match seeing as you included them in your footy acca in the first place.
A bookmaker such as bet365 will generally give you an immediate Cash Out value when you place a pre-match bet. That tends to be the same as the stake you have used to place the bet, so a €10 bet on Arsenal will have a Cash Out value of €10 providing that the odds don’t change.
Naturally, when a sporting event goes In-Play, the Cash Out value of a bet increases or decreases on a regular basis. Bear in mind that the bookie will build in a margin to their Cash Out offer and we also think the bookmaker wants you to take Cash Out rather than stay in the bet, so keep this under consideration before you decide to pull the trigger.
Ultimately, every bookmaker uses an automated Cash Out facility to calculate how much to offer across all the bets placed on that sporting event. The Cash Out value reflects the probability of that outcome being settled as a winner, also taking into account the stake which was used to place the bet.
If you plan on Cashing Out and want your funds instantly, then signing up to a bookmaker who offers instant withdrawals is advised. Check out the top bookies who offer this service below.
Let’s consider a Saturday afternoon football accumulator. Picture the scene: every match is a 3pm kick-off and that means the final whistle is going to blow at roughly the same time.
You place a €10 accumulator on the following teams:
Your potential return from the above bet is €210 so you would effectively make a €200 profit should all the selections win. However, this bet has accumulator odds of 20/1, so it’s a relatively risky bet in terms of securing a profit.
At half-time, the situation is as follows
Therefore, your football acca is going along very nicely and the Cash Out value is €140. Considering you staked €10 on this accumulator, that’s a potential profit of €130 and would represent a handsome return. On the flip side, this is €70 less than what you would win if you remained in the bet and all of the above selections won their matches.
At half-time and, as the second half progresses, you have to answer the following questions:
Ultimately there are no right or wrong answers with Cash Out as nobody has a crystal ball. Sometimes you take a profit at exactly the right time and the scorelines in your acca change for the worse, while sometimes you are left to regret even taking Cash Out considering that the above legs all run out winners, although you have still made an overall profit.
The main sports and betting markets offering a Cash Out option on your bet are:
|Football||Tennis||Horse Racing||NFL Football|
|Full-Time Result||To Win Match||Win Only||Game Lines|
|Double Chance||Handicap||Betting Without||1st Half Lines|
|Correct Score||Total Games||Cover Bet||2nd Half Lines|
|Half-Time/Full-Time||Set Betting||Selection to Win||Winning Margin|
|Goals Under/Over||Double Result||Selection to Place||Double Result|
|Both Teams to Score||Result and Total|
|Goal scorers||Race to (Points)|
|Result/Both Teams to Score|
|To Win Fight||To Win Outright||Handicap||To Win Match|
|Round Betting||72 Hole Group Betting||Result||Match Handicap|
|Fight Outcome||72 Hole Match Betting||Total Frames 2-Way|
|Total Rounds||Top 5 Finish||Total Frames 3-Way|
|Top 10 Finish||Asian Handicap|
Many customers regularly use Cash Out and there are a number of approaches that you can use to help you secure a profit along the way. We’ve put together a few key points to remember when it comes to this type of online sports betting:
If someone has cashed out for a profit on ten consecutive bets, they will tell you that it’s definitely worth enjoying Cash Out. However, if the majority of those wagers were settled as a winner with a bigger potential payout, then perhaps it wasn’t worth it after all. It really comes down to the type of bets that you are placing and how strong your Cash Out radar happens to be.
We generally feel as though the presence of Cash Out is a good thing and it’s a fantastic feeling to land a profit on an accumulator that would have been settled as a loser. However, you have to try and weigh up the pros and cons of each bet. How much have you staked on the bet? Did the bookie offer ACCA insurance on the bet? How much profit/loss do you stand to get from cashing out as opposed to the potential profit/loss when it comes to staying in the bet?
Ultimately, if you are making a weekly or monthly profit by using Cash Out along the way, then it’s been worth having, although you have to be a good judge and hope you make the right calls along the way.
A large percentage of football accumulators are cashed out when there’s one leg left to play and all the other selections have won. A customer stands to enjoy a bumper return from their acca although the Cash Out value is just way too tempting and represents a very profitable return on the original stake.
That’s not to say it’s always the best time to Cash Out. We would generally recommend giving your original bet a chance to work its way into a profitable position and then make a call as to whether it might be a correct strategy to take some money out of the bet. You might think the football match isn’t turning out how you predicted or perhaps the team you have backed are struggling to hold on to their lead.
While it’s relatively straightforward when it comes to calculating a winning bet, it’s slightly different when it comes to Cash Out, Partial Cash Out and Auto Cash Out. These are all automated processes that bookmakers have in place, even if it looks as though there’s someone behind the betting site who is moving your Cash Out value up and down in accordance with what’s happening.
If you’ve placed a single bet on the Full-Time Result market, then your Cash Out amount is largely governed by the In-Play Full-Time Result odds for that match. If you’ve backed Chelsea at 2/1 and they are now 4/6 In-Play, the Cash Out value increases in line with the way that the price has shortened. Naturally, it can decrease if the price goes out again.
When you click on the Cash Out button for a particular bet, then you might have to confirm the Cash Out before your betting balance is updated to reflect the amount that you have won. With Partial Cash Out, there is another algorithm which allows you to move a slider and adjust your potential winnings or losses according to how much you want to take out of the bet.
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Every bookmaker aims to provide Cash Out for as many sports and betting markets as possible. Bet365 are one of the leading bookmakers for Cash Out and you will find this service available for the vast majority of sports. When it comes to the actual betting markets, a good bookmaker will signify where Cash Out is available although it’s worth bearing in mind that it can be suspended at various points along the way.
If you’re betting on football, it’s fairly safe to assume that Cash Out will apply to all the popular markets, especially the ones which can form part of an accumulator such as Full-Time Result, Over/Under 2.5 Goals and Both Teams to Score. Football remains the leading sport, although tennis, basketball and horse racing and cricket are other sports which get the full Cash Out service.
For your convenience, we have listed the top bookmakers that offer the most sports markets below!
Anyone who has enjoyed Cash Out with a particular bookmaker will become familiar with the upsides and downsides that come with this type of betting. While we’re broadly in favour of this betting site feature, it’s good to know the positives and negatives that come with this particular territory.
Pros of Cash Out
Cons of Cash Out
Yes, Cash Out is available through mobile in exactly the same way as a desktop. You should be able to find the bets which are eligible in the “My Bets” section of your account and you can often see the amounts going up or down in real time. Simply tap on Cash Out on your mobile device should you decide to take money from your bet at that moment.
Most betting sites offer Cash Out, although it can be quite varied in terms of the sports and betting markets which are covered. Before placing a bet, you should check that you will be able to Cash Out on this wager should you want the option to do so. Each bookmaker will have its own rules regarding the Cash Out markets, while there will be a smaller number where Partial Cash Out is available.
The bookies like to give customers more choice with their bets than ever before. They also like to avoid a full payout if they can get away with a customer accepting Cash Out instead. However, it should be seen as an alternative option for punters and sometimes it’s the right decision to use this flexible approach and cash in for a profit.
This all depends on the bookmaker. Some bookies will allow you to cash out on a bet used by placing a free bet , although you should bear in mind that the Cash Out value will be lower than if you’d placed a real money bet. That is because free bet stakes are generally not included in any return, although you can still make a profit considering that free bets are generally risk-free.
A bookmaker such as William Hill will have a “Cash Out” icon next to every betting market where customers can cash out for a profit. That gives you a clear indication where this feature will be available and you also have bookies such as bet365 where pretty much every football market can be cashed out along the way. For some of the lesser sports, you’ll find a smaller number of markets available.
There might be a number of reasons why you can’t cash out a bet. Firstly, the betting market wasn’t originally eligible for cash out and secondly, it might be that the market has either been suspended or removed when the match goes In-Play. However, providing that your bet still has a chance of winning, then you can expect Cash Out to reappear and offer you the chance to make an early profit.
Yes, a typical Cash Out offer will be your profit and stake included as one big return. Therefore, you should factor in the amount that you staked on the original bet and consider what the actual profit would be before deciding whether to cash out. A bookie generally won’t display the profit and stake separately, so you have to consider the full return.
If your bet is not on the Cash Out page, it means that it’s not eligible for Cash Out at that moment in time. There are a number ofseveral reasons why this might be the case and it’s important to note that In-Play betting markets are regularly suspended during a football match. When a market is suspended, it has a knock-on effect as far as Cash Out value is concerned.
"A passionate sports betting expert and journalist with over 15 years spent in the gambling industry."
Reviewer since June 2016