Cash out betting has provided a new, exciting and valuable aspect to betting online and through your mobile.
Cash out betting sites have now existed for some time, however, it is still a relatively new concept in the grand scheme of betting history.
Cash out betting has been introduced along with live betting which allows punters to bet on sports matches in action.
Most new UK betting sites have now opted to implement cash out betting options on their platforms to remain competitive because of its popularity with customers.
If you place a bet on a football game, you’re likely to see a cash out option next to your bet under your betting slips on the website or your app.
Cash Out Betting Sites
See which cash out betting sites rank highest in our list of bookmakers.
What does Cash Out mean in betting?
Cash out is an option given by bookmakers which allows you to take out a guaranteed amount of money from your bet before the event you’re betting on is over.
The amount of money you can ‘cash out’ is calculated by your initial stake and the odds of that bet coming in at the moment you should choose to cash out your bet.
For example, you may have bet on a match result to be 2-0, and with 10 minutes remaining in the match, it is still currently 2-0.
You can collect most of your earnings if you cash out early, or risk holding out until the end to win the full amount or potentially lose everything.
What is Cash Out in football?
Cash out simply gives you the option to take a set amount of winnings from your bet before the football match is over.
This gives you the chance to salvage some of your initial bet if things aren’t going well or, take a reduced winning amount if you’re worried your bet may not come in when the match is finished.
This offers a totally new dynamic to football betting by allowing you to analyse what’s going in the game in real time and make a decision based on your knowledge and instincts at that moment.
This option gives you more control over your bet than what you would have had prior to the introduction of cash out betting.
The amount of money you can cash out from the game will be calculated based on your initial stake and likelihood of your bet coming in at the point of cashing out.
Cash out can also be used on long-term bets such as bets on who will win a league title, a bet on who will become the top goal scorer or a bet on a player’s next transfer move.
Should I Cash Out my bet?
That is entirely up to you but there are certain situations in which it makes sense to cash out your bet.
For example, if you’ve placed a £10 on Everton to beat Liverpool and Liverpool lead 1-0 in the 70th minute, there is a very small chance of your bet coming in.
In this scenario, you would cash out your bet and at least recuperate a small amount of your initial stake.
Before the existence of cash out betting sites, you would walk away empty handed.
On the other hand, you may have bet on Everton to beat Liverpool and Everton lead the game 1-0 in the 70th minute.
However, you may be concerned because Liverpool are starting to get back into the game.
Rather than risk losing your entire bet, you can cash out your bet and receive a smaller amount than you would if you waited until 90 minutes.
Receiving this smaller amount is an offset for the risk of Liverpool grabbing a goal and losing your entire bet on a draw.
What is the best Cash Out betting site?
There are a number of bookmakers to choose from if you want to make use of the cash out feature now available.
Bet365 was one of the first betting sites to introduce cash out betting and their cash out system works really well.
Bet365 not only offer you the option to cash out but also have an ‘auto cash out’ function which allows you to make sure your bet cashes out when the potential winnings reach a certain total.
This allows you to cash out sensibly without even watching the game.
Pros and Cons of using Cash Out
There are many advantages and disadvantages to using the cash out system for sporting events such as football, tennis and rugby.
The first main benefit is being able to recuperate some of your initial bet if the outcome isn’t going your way.
In the past, you would lose your whole bet however you may be able to salvage a quarter, or half of your initial stake, depending on the odds at any given time.
Alternatively, if the result is in the bag you can still be careful by cashing out early and making a profit albeit a smaller amount than if you waited for the event to finish.
The main con to cash out betting is that you could walk away from your bet with less winnings than you would have if you let the match or event run its course.
Often, punters can cash out too early as they feel they might lose the bet but then end up winning and missing out on potential betting profits.
For example, Chelsea may be 7/1 on to win the Premier League title at the beginning of the season.
Let’s say you put £100 on at odds of 7/1.
Towards the end of the season, Chelsea find themselves in a good position but their form dips and it looks like Liverpool or Manchester City may win the title.
Protecting yourself, you decide to cash out at £200.
Chelsea somehow then go on to win the title and instead of winning £700, you walked away with £200, missing out on £500.
There is Cash Out available at the following websites:
Now you know everything about using cash out betting sites, do you fancy placing a bet?.
There are a number of cash out betting sites available to punters however Bet365 and MansionBet are two of the most popular. They offer a flexible and easy to understand cash out betting system whilst also allowing you to use auto cash out if you’re short on time or can’t watch the event you’re betting on.
On MansionBet and Bet365 you can use a feature called ‘partial cash out’ which allows you to cash out with a smaller portion of your initial stake whilst the rest of the stake stays in play until the result is finished.