The cash out betting option is a feature that was recently introduced in most betting sites in addition to the live betting or in-play feature. The principle surrounding cash out is bet offers are made in real-time, before the final result being decided. To be precise, cash out betting allows you to get your money back right before the game ends if the preliminary results seem to be going against your favor (i.e., you realize you’re going to lose). This feature is ideal for those who quickly foresee a loss and the money you get back is determined by the time you decide to cash out once the game commences.
In-play markets are usually volatile therefore the amount you gain from cash out is difficult to predict, more so in the final stages of a game. When the chances of securing a win are not apparent, the cash out option fluctuates and can be removed altogether.
How betting cash out works?
Fully Cash Out
Assume you have placed three bets of $20 on the soccer team with odds of 2/1 or 3.0. If all your bets win with relative to the odds, you receive $60. Now, imagine that with ten minutes left in all the games, and your teams are winning, you are offered a cash-out option of $50. You have two options, you can either accept the cash-out, walk away with the guaranteed $50 or you can reject the cash-out and walk out with the $60, this, however, is if your teams win. If your teams equalize or lose in their matches, your winnings get significantly smaller.
Partial Cash Out
This, contrary to the former, gives you an opportunity to cash out partially the amount you have placed in a bet while the remaining amount and continue to run the rest of the stake. A Partial Cash Out offer is made according to the selections prices available within your bet. It allows you to collect some of your winnings but leave some of your stakes on to lock-in a profit, depending on the outcome.
To put it into perspective, you’ve placed a bet with a cash out value of $100. Different betting websites have different cash out increment value, let us use 10%. The amount you’ll be able to cash out partially is $10, and the remaining $90 continues to cover your bet. However, it is prudent to note that the returns will be based on the $90 non-cashed out amount.
Auto Cash Out
This feature gives you the opportunity to form ‘cash out rules’ which are carried out by the system without further input. Auto cash out works by placement of the bet at the time of choosing, before the settlement and creating a cash out rule that ensures that your staked amount is automatically paid out once the offer reaches a specific level.
The threshold is what you’ll define and set, and the system will cash out your earnings even when you aren’t logged on to the account. This feature also supports partial auto cash out where after setting the threshold, you can then instruct the system on the amount you wish to cash out.
Example: Assume you placed a $20 bet over a 3/1 odd, on a team to win the Super Bowl, the returns equal to $34. Using the auto cash out feature, you can create a rule to ensure a cash out betting happens when the offer exceeds $25. Alternatively, with partial auto cash out, you could instruct a total of $15, while the remaining $5 is left to ride the bet.
Sports Betting Cash Out Strategy
The cash-out feature allows you to collect your winnings before the end of the event that you placed your bet on it. Since different betting sites have different rules governing the cash out betting, it is important to check on these regulations before you decide on the best strategy. However, here are the tips on when you can cash outs.
Some games become dramatic towards the end. Last-minute goals, sending offs, awarded, and missed penalties can ruin your winnings. High scoring sports like basketball have twists that might consume your stake if you wait until the end of the event. You might consider cashing out your bet with few minutes to the end and forgo a small percentage of your winnings if you would have waited until the end of the event.
Secure Big Winnings on Underdogs
Sometimes bettors risk their money on very unlikely results by going against the big teams. If the underdog goes ahead, you might decide to collect your winnings. On many occasions, underdogs have gone down with very little time left to play. According to the bookies, you could collect some good winnings from the underdogs, especially when they are ahead in the game. These unlikely results are hard to come by and not easy to maintain once the underdog goes ahead in the game.
Save on the Stake
Betting is about winning and losing. However, with cash out betting, you can control how much you lose. If the odds are going against you and there is no or little chance of coming back into the game, you can cash out the remaining stake to control the damage. You can still use the cashed out amount to pace other bets.
Positive Multi Bets
Once you have some positive results on multi bets, the cash-out feature could be a wise decision since you shall have recorded some gains on your bet. Consider large stakes on multi bets so that you can get large cash out with a few winnings.
Yes. However, the bookie will take that into consideration when calculating your cash-out value and will differ according to the rules of the betting site
This could be due to several reasons. The markets could be suspended due to changes or events in the game that affect the selected result. For multi bets, some of the markets could not be eligible for cash out.
The returns are usually credited to your betting account as soon as the cash out is successful.
Yes. The information in the Mobile App is live and automatically refreshes to allow for cash out betting.
Yes. In-running, live, or in-play betting is made for cash out betting.
Indeed it does seem strange that some betting websites offer an opportunity for customers to minimize their losses. Not only does a betting cash out option provide security to them when placing their bets but also adds some excitement to the process.
Advantages and Disadvantages of cash-out betting
The cash-out option is yet another betting techniques advancement, with the increasing popularity of the live or in-play betting feature introduced on game betting. Have fun enjoying this new feature and bet wisely. Check our bookmaker review for best features.