08 Feb 2024

Cash Out Betting Guide and Tips

Q: Why Is Cash out Unavailable?

Various T&amp;Cs apply to the cash-out feature at bookmakers. Some may be excluded - exchange bets, sports, and payment method exclusions also apply. However, if those above are met, you should consider the following: First, the cash-out timelines might have elapsed, disadvantaging the house. Second, the bookie might have suspended the cash-out feature for some time or made it unavailable for the selected market.

by Oddspedia Experts

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Cash-out popularity is soaring among contemporary bettors. It helps manage betting expectations and sometimes becomes a saviour if the bets don't go as expected. Using the feature is impulsive and may lead to either regret or celebration. Nevertheless, we first need to understand what it is, when to use it and why most bettors like it. This article breaks down the feature and prepares bettors for a more informed cash-out betting experience.

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Table of contents:

What is Cash out betting?
How does the cash-out feature at bookmakers work
The Most Popular Markets for Cash out Betting
Cash Out Betting Example
Cashing out or Not
Conclusion
Cash Out Betting FAQ

What Is Cash Out Betting?

It is a betting feature that allows gamblers to withdraw their bet before the game ends prematurely. Since the odds fluctuate based on the game's flow, the odds at the cash-out point are what the bettor gets. If the bet goes according to the initial prediction, the odds will rise, and vice versa.

Knowing when to cash out and get the maximum cash out possible is the trick.

However, not all betting sites have the cash-out feature. Look out for it on open bets to ascertain its presence. In essence, it gives the bettor another chance to reconsider their decision. They can salvage the stake if the bet is not going according to plan.

How Does the Cash-Out Feature at Bookmakers Work

Bet on your favourite market on the bookmaker. Once the game is underway:

Go to the "My Bets" section and highlight the game you need to cash out.
Look for the Cash Out feature and click on it. A pop-up message will show up, confirming if you want to Cash Out.
You will cash out based on the prevailing odds value, which will go to the main account. If the game is not going according to plan, the odd value can even go below one.

However, not all cash-out bet matures. It must be within the cash-out timeline, and the staking amount must be made with real money. Go through the cash-out terms and conditions to know the exact cash-out timelines per game. Check out our bet365 Cash Out Guide for details on utilising the feature at one of the top bookmakers.

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What Is Partial Cash Out?

Auto cash-out is a system-initiated process only when the desired cash-out figure is displayed. You don't have to be on your account to complete the transaction. Once the system cashes out, the amount goes directly to the main account. The feature is relatively new and works when the bettor sets it when staking.

What Is Auto Cash Out?

The Most Popular Markets for Cash Out Betting

Not every sportsbook market supports cash-out betting. The 3-way and over/under bets are the most popular with cash-out betting. If the bettor doesn't see any chance that their prediction will materialise, they can opt-out while the odds remain in their favour. This saves them some funds, which they can use on other promising markets.

Over/under bets follow the same format since they depend on goals scored. Of the three cash-out forms, full cash-out is mainly used. However, partial cash-out happens only if the betting amount is significant and the bettor wants to use part of the money on another market.

Other equally popular cash-out betting markets include total goals scored, who to score and the tournament winner.

Cash Out Betting Example

You have staked £20 on a Liverpool Vs Chelsea match in favour of Liverpool. If the odds in favour of Liverpool are 2.3, the possible take-home will be £46. However, you realise that Chelsea is becoming stronger minute by minute. Therefore, you opt out while the match is still underway to avoid missing out when the final whistle blows.

In full cash out, you will request the whole amount. Depending on the odds at the cash-out time, say 1.4, you will get £28.

For partial cash out, you might decide to cash out £10 and leave the balance to mature. If this happens, you get £14.

If you envisioned a £35 opt-out, it would only happen if the fluctuating live odds hit that mark. Once it does, the system will auto-cash out. If not, you will not get the cash out altogether.

Cashing Out or Not

The decision to cash out is purely sensational; if or if not, the bet matures. However, several reasons may prompt the bettor to cash in. The main ones are the game's flow and how it may affect the prediction. Below are some reasons the bettor can opt out to salvage part of their stake.

When Should I Cash out My Bet

Your bet might have come in earlier than expected. At this time, the odds are at their highest. However, since there is still a lot of time left, the opposing team/player can come out strongly to erase the gains made. To solve this issue, you can cash out to avoid any eventualities after that.

Once you settle on a pre-match bet and the game is underway, you soon realise that your prediction won't happen. However, you soldier on, hoping that your team will improve. During this time, the odds value keeps deteriorating. When the game reaches the home stretch, you can cash out to walk away with some funds, although not as expected.

When betting, you can set a target for your ideal cash-out. This is purely tactical, especially if you know the strengths of both teams/players. You don't have to be there to initiate the cash-out. You can monitor it and cash out when your target odd reaches if you have time. Once your target is achieved, the system automatically cashes out.

Heavy bettors can still benefit from partial cash out as it might increase the value of their stake during in-play betting. All they have to do is bet and partially cash out when the odds are at their highest. It gives good money, which they can use in another market.

Multi-bets are complex since they bring together several bets. However, if you feel one bet might cost you the entire multi-bet, cash out to salvage the rest.

When Should I NOT Cash out My Bet

Do not cash out when the game/match hasn't gained momentum. It can go either way, which might cost you a good amount. If your team/player is poised for a defeat, consider reaching halfway to ascertain that the damage is beyond repair.

Once the game approaches 75 minutes, you probably should not cash out in football. You might cash out at the 74th minute and lose a hefty payout. Let it run out if you still hope your team can pull through.

Avoid cashing out on long-term bets like tournament winners, especially if the team has potential. Odds value fluctuates slowly, which makes it pointless to cash out. Wait for the tournament to reach the home stretch before considering cashing out.

Some betting bonuses require a successful qualifying bet settlement to receive the free bets. The bonuses also include a qualifying deposit and minimum odds requirement. However, if a player cashes out such a 'qualifying bet, ' it will not count toward the wagering requirements.

Lastly, please do not do it based on hearsay or emotions. Consider statistics and recent forms to direct your judgment.

Pros vs Cons

You are guaranteed some funds; if or if not, your bet goes as expected.;
It allows you to walk away with some funds if the game is not going as expected.;
Lowers the betting anxiety associated with winning or losing a bet.;

Cashing out might deny you a significant amount when the game goes full circle.;
Bettors cannot cash out free bet stakes, free bet credits stake, or bonus amounts. They have to wager the entire amount to benefit from the cash-out.;

Conclusion

Cash-out is a good feature as it guarantees returns in every bet. It gives punters a second chance to re-evaluate their decision and profit from their stake or cut losses if a bet loses. However, they should be careful to do it when it matters.

First, they should consider all scenarios and ascertain that the bet cannot improve. Secondly, if the bet is good and matures beforehand, they should cash out when the deal is still at its peak. In essence, they should know when to cash out.

Lastly, observe the cash-out terms and conditions, especially the timelines. Above all, bet responsibly and treat gambling as a hobby, not a means to an end.

Cash Out Betting FAQ

❔ What Is Cash Out?

It is a betting feature that allows you to withdraw your stake before the game ends. The feature enables the bettor to either consolidate the gains made or salvage stake amounts when there is still time.

🏆 When Should I Cash Out?

There are two instances when cashing out is viable. The first is target achievement before time. Consider cashing out to protect the gains made before the table turns. Secondly, avoiding further losses. Suppose you are sure that the bet is beyond reprieve, cash out.

💶 Why Is Cash out Unavailable?

Various T&Cs apply to the cash-out feature at bookmakers. Some may be excluded - exchange bets, sports, and payment method exclusions also apply.

However, if those above are met, you should consider the following: First, the cash-out timelines might have elapsed, disadvantaging the house. Second, the bookie might have suspended the cash-out feature for some time or made it unavailable for the selected market.

💳 Can I Cash out On Mobile?

Yes. Every feature available on desktop also applies on mobile. However, confirm from the bookie if the cash-out option is accessible on mobile. If the screen size is small, look out for the feature on the menu.

🤔 Do All Bookmakers Offer a Cash-Out Feature?

No. Every bookmaker has the prerogative to decide what betting features to put on its website. Therefore, check the cash-out feature before signing up to avoid disappointment.

❔ How Is the Cash-out Value Calculated?

Cash-out is a function of potential winnings and current odds. That is:

Potential returns / current odds.

If the current odds in a game are 1.5 and the potential winnings are £30, the cash-out value is £20.

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This article was written by our team of betting experts, any contributing references are noted below.

Last updated 08/02/2024

References

Cash Out | Sky Bet. (2021). Sky Bet. https://support.skybet.com/s/article/Cash-Out-Frequently-Asked-Questions
Petty, L. (2021). Cash Out betting: What should bettors know about Cash Out? Pinnacle. https://www.pinnacle.com/en/betting-articles/educational/cash-out-betting/U3P2HWKYRTYW2NCW
Help - Sports - What is Cash Out My Bet? (2021). Coral. https://help.coral.co.uk/en/sports-help/betting-queries/what-is-cashout