Best Cash Out Bookmakers

Did you know it’s possible to win money with the bookies even if you back a selection that is settled as a losing bet? That is due to the emergence of Cash Out which is now widely available across our best betting sites, with customers able to enjoy this facility when it comes to a wide range of sports.

Cash Out ultimately provides customers with more choice than ever before. Instead of betting on events and waiting for your wager to be settled as a winner or loser, you can now choose to get Cash Out on your bet. In this article, we profile the bookmakers who are the best when it comes to earning Cash Out along with explaining a strategy when it comes to this betting approach.

Recommended Betting Sites with Cash Out

There are lots of bookmakers who operate a first-class Cash Out service and that means you have plenty of choices when it comes to getting an early payout. The bookies will differ in terms of the Cash Out offer for different bets, while not every sport or market is covered by this service and it’s important to establish whether Cash Out will be available before you go ahead and place your bet.

 The sites that you can sign up to will depend on your location as each province has its own set of laws surrounding sports betting. In some cases your only option may be to sign up with an offshore operator. Some provinces are beginning to change their laws. For example, Ontario Sports betting has now been legalised and there are a whole host of new operators available to sign up with. So, be sure to check what your options are in advance of signing up with any betting site.

Every bookmaker also reserves the right to suspend Cash Out on a particular betting market, so you’re not always guaranteed to get an offer. Many betting customers particularly like Cash Out when it comes to bets like an accumulator where the value increases for every leg of the multiple bet that wins. It’s good to be able to tell when a Cash Out offer looks value considering the probability of that original bet winning.

What Does Cash Out Mean?

Cash Out is when a customer places a bet and then decides to take money from the bet before the wager is settled. For example, you could bet on Manchester United to win their next Premier League match and cash out for a profit when they’re winning 1-0 with twenty minutes left. Alternatively, you might have four legs out of five winning on your accumulator and want to guarantee an early profit.

Cash Out can also be used to reduce your overall losses. If you’ve bet $100 on Chelsea to win and the scoreline is goalless with twenty minutes left, it might make sense to Cash Out and take $50 rather than risk losing the full amount if they fail to find the net before the final whistle. Similarly, some customers break even when they decide to Cash Out.

Here are some examples of Cash Out:

Partial Cash Out

• Customers can get the best of both worlds with Partial Cash Out. Many bookmakers allow you to use the slider functionality and partially cash out your bet, leaving a certain percentage of your stake in the bet at the original odds. This is ideal should you want to guarantee some kind of profit on your wager but also want to keep part of your stake in the bet in case it wins.

Auto Cash Out

• This can be a fantastic way of securing a profit on a football match or another sporting event. Once you have placed a particular bet, you can then choose to set an Auto Cash Out level where your bet will automatically Cash Out when it reaches that threshold. It allows customers to profit when their bet starts to become more likely to win.
• For example, you could place $20 on Manchester City to win 3-0 and set an Auto Cash Out to $100 so that your bet is settled at the latter amount should the Cash Out value surpasses the $100 mark. It means you don’t have to spend time monitoring the odds and your bets while the game is In-Play.

Full Bet

• This the most popular form of Cash Out. It’s simply a case of placing a bet on a sporting event and then having a fluctuating Cash Out value which increases or decreases in line with how the bet is performing. If you’ve backed Tottenham to win and they take the lead, you can expect to see a profitable Cash Out position compared to your original stake.
• However, the Cash Out amount can also drop, especially if Spurs are level or even losing, with customers always having the dilemma of whether to take the money at that point in time or remain in the bet and see if the situation improves in their favour.

Multiple Bets

• Punters love to place an accumulator bet on the football and it can be tremendous fun if the first few legs of your footy acca come in and you’re getting closer to a big payday. You might start off with a $5 bet on an accumulator at 20/1 and get to the stage where you’re being offered a Cash Out value of $70 with one match left to play.
• Many betting customers end up cashing out their multiple bets before all the legs have been settled, especially as they could still make a substantial profit as the above example illustrates. Cash Out is regularly available on an In-Play basis and it can be exciting when multiple football matches are taking place at the same time. If you fancy betting In-Play, the bookies listed below offer this service!

How Bookmakers Calculate Cash Out Offers

We always recommend that customers weigh up whether the Cash Out offer from a bookmaker represents value or not. You might be excited about making $100 from an accumulator which would return $120 when settled, although it might generally be worth waiting for that team at 1/3 to play their match seeing as you included them in your footy acca in the first place.

A bookmaker such as bet365 will generally give you an immediate Cash Out value when you place a pre-match bet. That tends to be the same as the stake you have used to place the bet, so a $10 bet on Arsenal will have a Cash Out value of $10 providing that the odds don’t change.

Naturally, when a sporting event goes In-Play, the Cash Out value of a bet increases or decreases on a regular basis. Bear in mind that the bookie will build in a margin to their Cash Out offer and we also think the bookmaker wants you to take Cash Out rather than stay in the bet, so keep this under consideration before you decide to pull the trigger.

Ultimately, every bookmaker uses an automated Cash Out facility to calculate how much to offer across all the bets placed on that sporting event. The Cash Out value reflects the probability of that outcome being settled as a winner, also taking into account the stake which was used to place the bet.

If you plan on Cashing Out and want your funds instantly, then signing up to a bookmaker who offers instant withdrawals is advised. Check out the top bookies who offer this service below.

An Example of Cashing Out

Let’s consider a Saturday afternoon football accumulator. Picture the scene: every match is a 3pm kick-off and that means the final whistle is going to blow at roughly the same time.

You place a $10 accumulator on the following teams:

• Liverpool
• Everton
• Birmingham City
• Derby County
• Tranmere Rovers

Your potential return from the above bet is $210 so you would effectively make a $200 profit should all the selections win. However, this bet has accumulator odds of 20/1, so it’s a relatively risky bet in terms of securing a profit.

At half-time, the situation is as follows

• Liverpool are winning 2-0
• Everton are winning 1-0
• Birmingham City are winning 1-0
• Derby County are winning 2-1
• Tranmere Rovers are winning 3-0

Therefore, your football acca is going along very nicely and the Cash Out value is $140. Considering you staked $10 on this accumulator, that’s a potential profit of $130 and would represent a handsome return. On the flip side, this is $70 less than what you would win if you remained in the bet and all of the above selections won their matches.

At half-time and, as the second half progresses, you have to answer the following questions:

1. Do you want to Cash Out before the final whistle?
2. If yes, when are you going to Cash Out?

Ultimately there are no right or wrong answers with Cash Out as nobody has a crystal ball. Sometimes you take a profit at exactly the right time and the scorelines in your acca change for the worse, while sometimes you are left to regret even taking Cash Out considering that the above legs all run out winners, although you have still made an overall profit.

The main sports and betting markets offering a Cash Out option on your bet are:

Also Check Out: The NFL odds explained by our experts and the NFL betting trends.

Cash Out Strategies and Tips

Many customers regularly use Cash Out and there are a number of approaches that you can use to help you secure a profit along the way. We’ve put together a few key points to remember when it comes to this type of online sports betting:

• Have a Set Figure in Mind: Before you go ahead and place a particular sports bet, is there a certain amount where you would be willing to Cash Out? Do you want to make sure you double or treble your money before pulling the trigger?
• Hold Your Nerve: We all have friends who moan about cashing out of their bet too early. Sometimes they wish they hadn’t cashed out at all! Don’t be panicked if the team you’ve backed to win doesn’t score after twenty minutes unless you really feel as though you’ve gone for the wrong selection.
• Use the Latest Stats: There have never been so many stats available when it comes to sporting events. Whether you are looking to Cash Out your current bets or actually place In-Play bets with a view to cashing them out at a later stage, the right stats can be revealing. Especially things like Expected Goals and Shots on Target where you can get an idea of which team is looking more likely to win or score.
• Don’t Let Pride Get in the Way: Everyone places losing bets, it’s impossible to have a string of winning bets as long as your arm. The beautiful thing about Cash Out is that you aren’t just able to lock in a profit but you can also reduce a potential loss. If a $50 bet isn’t looking very promising, then taking $25 could be a sensible strategy. OK, you lost $25 but you’ve halved your losses.
• Be Decisive: If you’ve decided that now is the time to Cash Out, then click on the button and don’t waste time hoping for the value to increase, especially if you can make a profit along the way. Similarly, if you feel as though everything is in place for your original bet, then walk away and cheer on your selection until the final whistle.
• Don’t Be Greedy: Some betting customers operate on the basis that any profit is a good outcome with their bets. It’s a reasonable theory considering that the majority of bets are losing ones, so perhaps it’s a good idea to have a conservative strategy where you can seal a profit on your bets as soon as the Cash Out value goes above your original stake.
• Keep a Record: In order to get better at a lot of things, taking notes is a good idea. With Cash Out, it’s good to record the bets that you Cashed Out and what the overall outcome was. Was it the right choice to take an early payout or do you notice a trend where you’re prematurely taking money from a wager which consistently ends up being settled as a winner?

Is Cashing Out a Bet Worth it?

If someone has cashed out for a profit on ten consecutive bets, they will tell you that it’s definitely worth enjoying Cash Out. However, if the majority of those wagers were settled as a winner with a bigger potential payout, then perhaps it wasn’t worth it after all. It really comes down to the type of bets that you are placing and how strong your Cash Out radar happens to be.

We generally feel as though the presence of Cash Out is a good thing and it’s a fantastic feeling to land a profit on an accumulator that would have been settled as a loser. However, you have to try and weigh up the pros and cons of each bet. How much have you staked on the bet? Did the bookie offer ACCA insurance on the bet? How much profit/loss do you stand to get from cashing out as opposed to the potential profit/loss when it comes to staying in the bet?

Ultimately, if you are making a weekly or monthly profit by using Cash Out along the way, then it’s been worth having, although you have to be a good judge and hope you make the right calls along the way.

When is the Best Time to Cash Out?

A large percentage of football accumulators are cashed out when there’s one leg left to play and all the other selections have won. A customer stands to enjoy a bumper return from their acca although the Cash Out value is just way too tempting and represents a very profitable return on the original stake.

That’s not to say it’s always the best time to Cash Out. We would generally recommend giving your original bet a chance to work its way into a profitable position and then make a call as to whether it might be a correct strategy to take some money out of the bet. You might think the football match isn’t turning out how you predicted or perhaps the team you have backed are struggling to hold on to their lead.

How Betting Sites Calculate and Pay Out Refunds

While it’s relatively straightforward when it comes to calculating a winning bet, it’s slightly different when it comes to Cash Out, Partial Cash Out and Auto Cash Out. These are all automated processes that bookmakers have in place, even if it looks as though there’s someone behind the betting site who is moving your Cash Out value up and down in accordance with what’s happening.

If you’ve placed a single bet on the Full-Time Result market, then your Cash Out amount is largely governed by the In-Play Full-Time Result odds for that match. If you’ve backed Chelsea at 2/1 and they are now 4/6 In-Play, the Cash Out value increases in line with the way that the price has shortened. Naturally, it can decrease if the price goes out again.

When you click on the Cash Out button for a particular bet, then you might have to confirm the Cash Out before your betting balance is updated to reflect the amount that you have won. With Partial Cash Out, there is another algorithm which allows you to move a slider and adjust your potential winnings or losses according to how much you want to take out of the bet.

Sports and Markets with Cash Out Available

Every bookmaker aims to provide Cash Out for as many sports and betting markets as possible. Bet365 are one of the leading bookmakers for Cash Out and you will find this service available for the vast majority of sports. When it comes to the actual betting markets, a good bookmaker will signify where Cash Out is available although it’s worth bearing in mind that it can be suspended at various points along the way.

If you’re betting on football, it’s fairly safe to assume that Cash Out will apply to all the popular markets, especially the ones which can form part of an accumulator such as Full-Time Result, Over/Under 2.5 Goals and Both Teams to Score. Football remains the leading sport, although tennis, basketball and horse racing and cricket are other sports which get the full Cash Out service.

For your convenience, we have listed the top bookmakers that offer the most sports markets below!

Pros and Cons of Cashing Out

Anyone who has enjoyed Cash Out with a particular bookmaker will become familiar with the upsides and downsides that come with this type of betting. While we’re broadly in favour of this betting site feature, it’s good to know the positives and negatives that come with this particular territory.

Pros of Cash Out

• You can make an early profit with your bet
• You can make money even if your bet isn’t settled as a winner
• You can cut your losses if you lose confidence in your original selection
• You can Cash Out an accumulator bet with one or two legs remaining
• Partial Cash Out and Auto Cash Out give you additional options
• It’s a good way of trading on a football match and getting added excitement

Cons of Cash Out

• You might not always be offered a value Cash Out offer
• You can Cash Out of a bet that ends up being settled as a winner
• It can play on your fears of losing a bet when you were previously confident
• Cash Out isn’t always available for your bet
• It can stop you making a bigger profit on a long-term basis