Best Bookmakers with Cash Out Options for 2024
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Pros and Cons of Using Cash Out Options
Pros
- Effectively manage betting risk.
- Realize profits before event conclusion.
- Minimize losses on unfavorable bets.
- Provides control and flexibility over bets.
- Reduces stress of waiting for game results.
Cons
- Cash-out offers less than full potential winnings.
- Can lead to impulsive decisions.
What is Cash Out Betting?
Cash Out betting is an auto cash-out function offered by online betting sites, but it is only available for certain markets and sports.
Cash Out is available during live betting, enabling you to settle your qualifying bet before the end of the game and you gain automatic cash. However, with all forms of gambling, only gamble what you can afford to lose, and when the fun stops, stop. There is no ‘secret’ loophole or a shortcut. If there was an exact science to this, then the betting companies would be bankrupt, and punters like you would be millionaires.
How Does Cash Out Work?
Cash Out allows you to collect profit early if you are winning your bet. Alternatively, if you are losing your bet (and before the event you bet on is over) you can cut your losses as the bookmaker gives you back part of your stake.
Cash Out betting gives you more control over the bet you have placed. A Cash Out offer is made on your current bet, which depends on live market prices and is decided by the bookmaker. Whenever you are ready to Cash Out, hit the ‘Cash Out’ feature button.
Your bookmaker may offer you a aTypes of Cash Outmount less than the original profit if your bet is about to win. Regardless of what happens next in the event or market. Thus guaranteeing your winnings and making your bet secure.
Alternatively, the bookmaker may offer you a cash-out amount less than the original stake if you are about to lose or are unlikely to win. This gives you the chance not to lose all your money.
Cash Out is available for a wide range of sports, markets, and events on both single and multiple (accumulator) bets.
Best Bookies With Cash Out Option
Types of Cash Out
Luckily for punters, there are different cash-out types and options, take, for example, William Hill cash-out offers. So it pays to be aware of what is available at bookmakers and how they work.
See our brief guide at bonus.org below to learn what is available for you and with examples:
In-Play Cash Out
Let’s look at a real-life example of how in-play Cash Out works:
You have bet £100 for Manchester City to beat West Bromwich Albion at odds of 6/4 (2.50). If Manchester City wins full-time, you will make a profit of £50 (6 ÷ 4 x 100 = £150).
Scenario One – you are winning the bet:
Manchester City leads 1 : 0 at halftime against West Bromwich Albion: your bookmaker offers you the option to Cash Out £180 and settle your bet as a winner. In this situation, you could either:
- Cash Out and accept the proposal of the bookmaker – this ends your bet, and you will make £80 of profit (£180 Cash Out – £100 stake)
- Or leave your bet open to make £150 profit (£250 winnings – £100 stake) if Manchester City wins by full-time.
Scenario Two – you are losing the bet:
Manchester City is losing 0:1 at halftime against West Bromwich Albion: your bet has a smaller chance of winning, so the bookmaker may offer you £40 Cash Out. In this situation, you could either:
- Cash Out and accept the proposal of the bookmaker– this ends your bet, and you will get £40 of your £100 stake returned to you, so you only lose £60.
- Leave the bet open and hope Manchester City wins full-time to make £150 profit (£250 winnings – £100 stake).
Accumulator Cash Out
An accumulator bet combines four or more selections into a single wager. It only gains a return when all parts win: winnings are much higher. However, there is an increased risk because only a single selection needs to lose for the entire bet to lose.
For example, you place a £2 win 4-fold on Lucky Star (13/2), Knight Gordon (11/4), Gorgeous (11/4) and Discotheque (11/8). The first three legs have won, and the last race is about to end. The Cash Out offer shown is £180. Therefore, if you click Cash Out, you will make a guaranteed profit, even if the fourth horse in the 4-fold, Discotheque, doesn’t win.
Multiples Cash Out
Cash Out is available in singles and multiples, on a wide range of sports, including football, tennis, and horse racing. You can Cash Out of bets pre-play, in-play, and between legs.
Manually Cashing-Out
You can manually Cash Out your win in several markets and events, depending on the terms and conditions of your chosen bookmaker.
Percentage Cash-Out
Some online betting providers allow you to decide the percentage you want to Cash Out.
Automated Cash-Out
Many betting companies offer apps, so you can lock in your profit easily. This means you can quickly Cash Out of a bet before the event finishes.
For example, you can even ask it to automatically Cash Out if you reach a certain percentage or profit target.
What Is a Cash-Out Calculator?
A Cash-Out calculator allows you to work out your winnings online. You can use the Accumulator return calculator to see the possible Cash-out amounts available to you based on the likelihood of events happening.
Is It a Good Idea to Use Cash Out?
There are occasions when it’s a good idea to Cash Out and take your cash early and bank your profit:
- When the offer is too good to turn down;
- When you’re waiting for the last accumulator;
- In the last 15 minutes of a game.
- The basic rule is if you are making a profit, then Cash Out.
FAQ
Can You Cash Out Part of Your Bet?
If you choose a full and partial Cash Out part of your bet, the online bookmaker will show you how much you can Cash out as well as any extra you would get if your bet went on to win.
Can You Use Cash Out on Horse Racing and How Does It Work?
Cash Out is available in horse racing before the event starts (pre-play), between events or races, or you can choose to Cash Out (in-running) while the racing event is happening.
Can You Use Cash Out with Free Bets, Welcome Bonuses, and Other Promotions?
Yes, but check the terms and conditions of the online betting provider. When you place maximum free bet stakes, any returns do not include the stake of the free bet. So, you would only be offered a Cash Out offer if the offer is worth enough to give you a return on the bet.
For example, let’s imagine you placed a bet on a 3-fold football (treble). If live betting were only offered in the first two of these markets, then once the third game had kicked off, Cash Out would be unavailable.
Make sure to use the free bets when you get the chance. Preferably for qualifying bets if possible, fewer the free bets expire before you can use them for their cash-out value during sports betting. Also make sure that on online betting sites, the free bets valid period and conditions work for multiple bets.
How Long Does It Take to Receive Your Cash Out in Your Account?
Most bookmakers cash bet credits stake to your account immediately when a Cash Out is successful, in line with their terms and conditions. Best online betting sites with cash make sure that you get your partial cash outs if they can’t give you the full ones quickly.
How long it takes for you to receive cash in your account depends on several factors
There is often a time delay during some In-Play events: giving bookmakers time to react to major events (like a try being scored). There is no guarantee you will receive Cash Out offers. If the market suddenly changes, the offer may be withdrawn, in line with their terms and conditions.
