Best Cash Out Betting Sites
Cash out betting is hugely popular with sports punters. Not all betting sites offer this fantastic feature, however. Below, we’ve outlined the top betting operators that offer customer cash out on their bets.
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Cash out betting: what it is and how it works
Cash out is a betting feature that was first introduced by online bookmakers in 2012 and, due to its immense popularity, has become a staple of the betting landscape. Now, more betting sites than not will offer the cash out feature to punters. To get the option to cash out, you must first place a bet on a qualifying market, for example match result or correct score. Once the event starts, you’ll see an option to cash out for an amount set by the betting site.
How Cash Out Works at Bookmakers
If you’re new to online sports betting, you may be unsure of just how the cash out feature works. To give you a head start, we’ve explained it step by step:
- You place your bet on a qualifying market (there’s no minimum to what you can bet).
- The event you’ve bet on begins and becomes an in-play market.
- You’ll then get the option to cash out your bet during the event.
- The cash out amount will fluctuate depending on what is happening in the event.
- You can cash out your bet early, or let it play out and be settled once the event ends.
- If you cash out, your winnings are instantly added to your account.
It’s worth noting that if you take the cash out offer and your bet goes on to win, you do not win the full amount from the original bet. So always be 100% sure you want to take an early payout.
There are other versions of cash out that do allow you to take some winnings and keep your bet running and we’ll cover those below.
The types of cash out available
Manual cash out
A manual cash out involves you purposefully selecting the cash out option in the open bets section in your account. The cash out feature is usually live for the duration of the event, but you may notice some instances where the cash out option is disabled.
Automatic cash out
As the name suggests, automatic cash out allows you to set a value (like a rule) and when your cash out offer reaches that value, your bet is automatically cashed out for you.
Partial cash out
Some bookmakers will allow you to take some partial winnings from your bet early. This is a great alternative, as you can essentially cash out some money but keep your bet running in case it actually wins.
Multiple cash out
Cash out can also be a handy feature when you’ve placed a multiple bet. If all of your selections are winning, you can take a decent chunk of your winnings early and avoid any last-minute heartbreak.
Top Betting sites with cash out for:
Football
MarathonBet – When you place your football bets with MarathonBet, you get the option to cash out your bet while the event is ongoing. Watch along and pick the right time to cash out your single or multiple bets.
Tennis
YesPlay.bet – Place your bets on the world’s biggest tennis tournaments and events at YesPlay. Back the overall winner of a competition and utilise your cash out option to take a portion of your winnings early should you wish.
Apps and Cash Out
Since the introduction of the cash out feature, bookmakers have made it one of their priorities to ensure it’s enabled on their dedicated betting apps. Cash out has become such a mainstay of online gambling, that its presence is seen as a must have.
The cash out feature on an app works in the exact same way as it does when accessing a site via a web browser. However, the interface might look a little different. Some sports betting apps will have a dedicated quick link button at the bottom of the page that allows you to instantly access your open bets and/or the bets you’re being offered the cash out option on.
This means you can jump straight to your cash out offer(s) no matter where you are in the app. It’s a very handy feature to have, especially if you’re partial to betting in-play and need to keep a close eye on your cash out options at the same time. Apps definitely offer the best user experience, so you should consider downloading them if you can.
Tips on when (not) to cash out
Cash out is a very handy feature for punters and, in truth, it can be handy for bookmakers too. This is why it has been adopted by so many sports betting sites around the world. But when is a bad time to cash out? Here’s when you should reconsider:
- Poor returns – Often a cash out offer represents worse value than what you stand to win if you let the bet ride out. Cashing out early on a winning bet is an even bigger win for the bookies, as you save them money in the long run. Don’t feel pressured and take the time to properly examine a cash out offer.
- Early or late in a game – If you’ve backed a team to win a game, your bet is effectively “losing” the second the game begins. Because of this, you’ll notice the cash out offer drops below the amount you originally staked. Equally, if you’re late into a game and your bet isn’t winning, the cash out will tick down until the end, so sometimes it’s best to let it ride.
- One leg is losing – If you’ve placed an accumulator bet and one leg isn’t winning, this doesn’t necessarily mean you should cut your losses and run. Take the time to assess what’s happening in that game. The team you’ve chosen could be completely on top and could turn things around. Sport can be unpredictable and things aren’t always as bad as they look.
- When you’re unsure – If you’re ever unsure, the safest thing to do is to let your bet ride. Think of it this way – when you placed the bet to begin with, you placed it to win. There are many tales of punters taking lowly offers, only for their bets to eventually win and them to miss out on a lot of money. Don’t end up regretting your decision!
Follow these tips and you should be well on your way to enjoying a much better online betting experience.
Cash Out Vs Betting Exchange
Cash out is a very handy feature for punters and, in truth, it can be handy for bookmakers also. This is why it has been adopted by so many sports betting sites around the world. But when is it a bad time to cash out? Here’s when you should reconsider a cash out:
- Poor returns – oftentimes, a cash out offer represents worse value than what you stand to win if you let the bet ride out. Cashing out early on a winning bet is an even bigger win for the bookies, as you save them money in the long run. Don’t feel pressured and take the time to properly examine a cash out offer.
- Early or late in a game – if you’ve backed a team to win a game, your bet is effectively “losing” the second the game begins. Because of this, you’ll notice the cash out offer drops below the amount you originally staked. Equally, if you’re late into a game and your bet isn’t winning, the cash out will tick down until the end, so sometimes it’s best to let it ride.
- One leg is losing – if you’ve got an accumulator bet on and one leg isn’t winning, this doesn’t necessarily mean you should cut your losses and run. Take the time to assess what’s happening in that game, the team you’ve chosen could be completely on top and can turn things around. Sport is unpredictable and things aren’t always as bad as they look.
- When you’re unsure – if you’re ever unsure, the safest thing to do is to simply let your bet ride. Think of it this way, when you placed the bet to begin with, you placed it to win. There’s many tales of punters taking lowly offers, only for their bets to eventually win and them to miss out on a lot of money. Don’t end up regretting your decision!
FAQS
Why can’t I cash out my bet?
At times, you might find that the cash out option is unavailable. This is usually shown by the button being greyed out. Generally, this occurs when something significant has happened in the event you’re betting on which will affect the odds. If you wait a minute, the cash out option should come back.
How do I know if a market qualifies for cash out?
When you’re placing your bets, you should see a little symbol next to the markets that qualify for cash out. The symbol can differ depending on the betting site or app you’re using.
What is the maximum cash out?
This depends on the betting site you’re using, but generally it will be the same as the maximum payout set by that bookmaker.
How is the cash out amount calculated?
A cash out offer is calculated using the amount that you staked, the price at the time the bet was placed, and the current price at the time of the cash out. An algorithm automatically sets the cash out value based on these factors.
What if I cash out and my bet wins?
All cash outs are final. If you cash out and your bet goes on to win, you are not entitled to the additional winnings. By cashing out, you effectively settle the bet.
