Cash Out in Sports Betting
Today’s online bookmakers use the cash out option to make sports betting even more interesting for punters. This feature gives you a chance to withdraw your money while a match is still in progress. Read on to learn more about cash out meaning, when to use the cash out service, markets for cash out, and types of cash out.
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TOP Bookmakers with Cash Out
Conditions5x | 1.5 | 60 Days
£/$/€10 min deposit using promo code “TOP100” - The bonus will be applied once the full deposit amount has been wagered at least twice with cumulative odds of 1.5 or greater. Wagering must be cleared within 60 days. This offer may not be combined with any other offer. Withdrawal, payment methods and country restrictions, and Full T&C’s apply.
Conditions3x | 1.2 | 7 Days
Promo codeNot required
Open Account Offer. Up to £100 in Bet Credits for new customers at bet365. Min deposit £5. Bet Credits available for use upon settlement of bets to value of qualifying deposit. Min odds, bet and payment method exclusions apply. Returns exclude Bet Credits stake. Time limits and T&Cs apply..
ConditionsN/A | 1.5 | 30 Days
New customers only. Min odds 1/5 (1.2). If you place a multiple at least one selection must meet the min odds requirement. Max £20 refund. Payment restrictions apply. Qualifying bet must be placed and settled within 30 days of account opening. T&Cs apply.
ConditionsN/A | 1.75 | 7 Days
Promo codeNot required
New UK customers only. £10 Min Deposit. 100% matched free bet on your first deposit of £10. 1 x wagering at odds of 1.75+ to unlock Free Bets. Debit Card & Paypal deposits only. This offer is valid for 7 days from your new account being registered. Full Terms apply. 18+. BeGambleAware.org. Bet The Responsible Way.
ConditionsN/A | 1.5 | 7 Days
Promo codeNot required
18+ | New UK players only | Min deposit req. £10 | Certain deposit methods excluded | Place 1 sport bet (3+ selections) | Excl Horse Racing | Min stake £10 | Max stake £20 | Min Odds 1/2 (1.5) for each selection | Max FreeBet £20 for football only | FreeBet valid for 7 days | FreeBet stake not returned | T&Cs apply
How Does Cash Out Work
In online sports betting, the term ‘cash out’ simply means that punters get a chance to cash out their sports bet winnings in advance. So, you can choose to have your wager settled before the game ends and avoid the risk of losing the funds or winnings you already have. This option requires you to be attentive since you have to make quick decisions to accept the payment at the right time.
Cash outs are mostly offered on multiple bets or accumulators and are helpful in two situations. The first scenario is when your wager is close to winning. When this happens, the bookmaker will suggest an amount that is lower than the initial profit. The second case is when your bet is almost losing. Again, the betting site will propose a deal that is less than the original profit.
Markets for Cash Out
Many betting sites are more than willing to let you withdraw your money as the game progresses, but the available markets will vary. Most bookmakers tend to offer cash out on multiple wagers or accumulator bets. But some of them will still offer the cash out option on single bets.
Also, depending on the betting site, bettors may be able to access the cash out feature around various sporting events. These include popular sports like American football, soccer, basketball, tennis, cricket, boxing, golf, volleyball, snooker, handball, and MMA.
Types of Cash Out
If cashing out seems good for you, then it helps to know the different types of cash out. These include full, partial, and suspended cash outs. Let’s look at them in brief.
|As the name suggests, this cash-out option lets punters withdraw all of their winnings early. Nothing is left behind, so the punter can only focus on other bets.
|When it comes to partial cash-outs, you get a chance to cash out some of the money at stake. The other half is left to run just in case you get lucky and hit a win. Note that the bookmaker may have a slider that allows you to choose the percentage you wish to cash out.
|In some cases, you’ll realise that your cash-out wager has been suspended. This usually occurs when something happens during the match. Some good examples would be a goal going in, a penalty, or when a player is sent off. It’s advisable to track the live-action to be aware of what’s happening and know why your cash-out bet has been suspended.
We can all agree that cashing out may come in handy as a betting strategy for securing winnings when placing in-play bets. When a person cashes out during a match, they can use this opportunity to test their intuition under difficult circumstances.
All in all, a cash out can reduce the risk of losing everything to the betting site in case something goes wrong unexpectedly.