One of the most key tools in any serious punters arsenal has to be the cash-out feature. So here we’ll give you a deeper understanding of when cashing out is useful as well as give you a definitive list of cash out betting sites that offer this simple yet diverse too.
Cash Out Betting Sites
So which betting sites do cash out? Well ever since Betfair came up with this innovative tool, pretty much all bookmakers now offer this feature due to the flexibility it offers punters. Here’s our definitive list of betting sites with cashout, as well as a screenshot guide on how to do cashout betting for each.
in Free bets
PaddyPower
https://www.youtube.com/watch?v=KFpLTnsdaIs&feature=youtu.be
Find a market with a cash out (PP dollar icon) and place a bet.
You now see all of your offers on the cash out page that is located on the left side-bar.
Or you can navigate to it in the My Account section at the top left-hand corner.
Click on the green button containing the cash out amount.
The funds will automatically be entered into your account (displayed in your balance).
Betfair
Were the first bookmaker to offer this pioneering gambling method, it became so popular that soon after every other bookie jumped on the bandwagon. Betfair’s cash out option is available on any matches with the yellow circular icon above the odds.
Select the match/ odds and enter the amount to place your bet.
Go to Inplay Markets or My Bets to view you current bet placed.
The cash out value is highlighted in the yellow box above with the returned profits.
Click on the box to cash out your amount.
William Hill
Cash in My Bet is William Hill’s twist on the cash out revolution, let take a butchers at what it entails.
Ensure you place a bet with the a cash-out symbol above.
Go to the Pending Bets tab.
You will see the cash-out symbol alongside any bet that’s available to cash-out.
The cash out amount will be displayed at the bottom.
Simple click on the Confirm Cash Out button and your request will instantly be processed.
The cash-out funds will appear in your account straight-away.
For multiple-leg bets be sure to check that all odds have the cashout symbol next to it.
When mitigating risk out-weighs potential returns
Most sites will tell you cash out is really useful with accumulator bets. In particular when you have a key player who is injured for the next game, but is it really that useful? Bear in mind that most acca punters will bet a small amount with an accumulator say between £1-£10 on the hope that if the bet comes off they get huge returns.
So is it really worth cashing out a fraction of the original potential returns, on a bet that still could come in? Lets give you an example.
Here we have an accumulator with the two first games that have come in correct with a total potential returns of £330. You can see in the bottom section of the betting slip that has yet to come in with one game remaining.
Notice that the current cash out value is just 10% of the total potential winnings. With only one game remaining you would need to have a very strong reason to cashout of this position.
Cash Out like the Pro’s
So we now know that the cash out pot can be anywhere between 10-20% of the potential winnings, so when does the case for cashing out-weigh in favour of exiting your position?
In effect it’s down to the size of the bet you originally placed. A larger amount should encourage you to reduce your risk and limit liabilities. But bear in mind every bet involves risk, that’s the whole point of gambling!
Professional gamblers that i’ve spoken to have a specific criteria (checklist) on when to cash out, in most cases it’s down to injuries. It’s at that point they exit the position. So to save you any torment of staring at your slip deciding what to do, take the emotion out of the equation and come-up with your own strict rules to stick to.
When is Cash Out not available?
There are certain cases when the cash out option is not available to the punter, there are a number of reasons for this:
Not all events offer the cash out feature.
Any bets placed with free bets from new customer sign-up will not offer the feature.
Most enhanced odds or price-boosts do not support a cash out option.
If a cash out value has been made in error, it is at the discretion of the bookmaker as to whether to settle the amount.
Cash values can change during settlement if there’s a delay between execution and processing.
Cash out is only available on single/multiple bets only.
Any cashed out value does not contribute towards wager requirements for withdrawal.
Our Verdict
As you can tell I’m not a huge fan of this feature as it will torment you from the moment you place the bet – believe me. But that said, I admit it’s an incredibly useful option to have and I only use it when a bet exceeds my original betting strategy, so very rarely.
Most bookmakers now offer the cash-out feature and they all have their own little quirks so be sure to read our quick-start guide above for each so you know what you’re doing.