How to Use the Cash Out Feature in Betting

What is the Cash Out Feature in Betting?

The cash-out feature available at most major online bookmakers allows you to end your bet early. You can cash out from a strong position, ensuring a profit regardless of the final result. It’s also possible to cash out from a weaker position, recouping some of your losses if your pick doesn’t perform as well as expected.

Place a bet and you’ll often see a cash-out value appear. At first, it will be equal to your stake, but it will rise and fall depending on how your bet performs. Cashing out an online sportsbook gamble immediately ends your wager.

Recommended Bookmakers with Great Cash Out Features

Most modern betting apps allow users to cash out, but some are more effective than others. You’re looking for a sportsbook that offers the cash-out feature on as many fixtures as possible, gives a generous amount, and makes ending your bet effortless, whether you’re on the app or website.

Here is my list of bookmakers with cash-out features you can trust.

How It Works To Close Partial Bet

When investigating your cash-out options at your chosen bookmaker, you’ll likely see partial cash-out offered. But how does partial cash-out work?

It allows you to cash out a percentage of your bet, let’s say 50% for example, and leave the remainder of the bet. You’ve now banked returns and could add further profit if your bet wins. It’s a great way to ensure a profit and still enjoy the excitement of watching your bet through to the finish.

Simply click ‘Partial Cash Out’, decide on the amount, and confirm.

When to Use Cash Out: Two Key Scenarios

Understanding how cash out works is great, but you must also learn when it is best to use this feature. I’ll cover the two most common reasons to cash out a bet.

Lock in a profit

Imagine you placed a £10 football treble and all three teams are winning with 15 minutes remaining. The bet pays £200. Two of the three teams are winning by three goals, but the remaining pick is hanging on to a 1-0 lead.

You have two options: you can allow your bet to run to the end, hoping all three legs hang on for the win. You can cash out to end your bet and bank the offer. Suppose you’re offered £90. You can end your bet and collect the £80 profit, regardless of the final score.

To minimise a loss

Let’s look at another example. Suppose you’ve backed the same three teams, with two winning and the spare losing 2-0. You can wait and hope the third team fights back to win and land you the profits.

You can also choose to cash out and recoup some of your losses. Suppose the cash-out offer is £4. Do you claim it, meaning the poor treble cost you a £6 loss instead of a £10 loss? It’s your call, but sometimes it’s better to limit the damage.

The Types of Cash Out: Full, Partial, and Auto

I’ll now show you the three main types of cash-out: full, partial, and auto.

Standard (Full) Cash Out

The most popular and simplest type of cash out. You accept the full cash-out amount offered to end your bet early.

How Partial Cash Out Works

Choose to withdraw a portion of the cash-out amount offered, keeping the remainder of the bet live. The best cash-out bookmakers offer a slider that makes it easier to decide how much to collect and how much of the bet to leave.

Auto Cash Out

I use all three types of cash out to improve my chances of winning, including the automatic cash out option. This is great if you’re busy during the bet and can’t follow it as closely as you’d like. You can decide on an amount, let’s say £100, and if the cash-out offer reaches that magic number, the system automatically accepts it on your behalf.

How to Place a Cash Out Bet: A Step-by-Step Guide

Here’s how to place a bet and cash out.

The Pros and Cons of Cashing Out

• Guarantees a profit or limits your losses.
• Greater control of your wagers.
• Works well with live betting.
• Perfect for accumulator bets or backing the underdog.
• You don’t need your bet to win, just perform well.

• The cash out will be lower than the potential returns if the bet runs to the end.
• Cash out isn’t available on every bet and can be withdrawn at any time.