What is Cash Out, and how does it work?
Cash Out is a betting option provided by online sportsbooks that allow players’ bets to be settled before an event comes to an end. What this means is that instead of bets being determined by the fulltime results of an event, with Cash Out bets can be settled even on an ongoing match.
Cash Out has become popular as players have been using this option to cut out their losses on losing bets, of which had there been no option for Cash Out, it would mean losing your stake. Players have used the Cash Out option as a strategy to hoard profit from bets running. Remember, a small profit is better than a big loss.
It works in the following manner: when a bettor places a bet, and the game begins, the happenings during the game affect the odds values. For instance, if the odd for Arsenal F.C to win was 2.0 before match kickoff, and Arsenal F.C scores a goal, the live odds will lower, let say to 1.5. If Arsenal scores more goals, the live odds will keep on decreasing. If the opponents score a goal, the odds of Arsenal will rise, and the odds of the opponents will lower. These live prices are what affect the Cash Out amount. If a bet you placed is turning out to be in your favor, the live odds will lower, and the Cash Out amount increases. If the bet you placed is turning out to be a loser, the odds will increase and the Cash Out price will below you stake amount or possibly even be disabled. Cash Out is an exciting feature as it is also thrilling and fun.
Difference between partial, full, and Auto Cash Out
There are three ways you can Cash Out your money from a sportsbook, either full, auto, or partially. The partial Cash Out allows you to Cash Out you’re a percentage of your winnings or losses. Most sportsbooks use a slider which makes it even easier. Alternatively, you can input manually what you intend to lock. One the target amount has been hit, it will lock itself, and the remaining amount will be active.
Auto Cash Out allows bettors to set a target amount which once hit, the Cash Out rule will apply and lock the target amount automatically. The bettor doesn’t need to keep an eye on the bet since the bookmaker software will lock the amount automatically. This feature is resourceful, especially for bettors who can’t be glued to the screen when the matches are continuing, or when you are sleeping or busy with something else.
Full Cash Out is the conventional method that is found amongst many sportsbooks. You have to Cash Out what is available for Cash Out without any configuration or settings. You will be required to be next to your screen as it assumes you keeping up with what’s going on with your bet. All these methods have merits and demerits. It is your need as a bettor will determine which is best for you. Also you should consider a sportsbook which has these two options.
What sports can you Cash Out?
Football is one of the sporting events that have the highest betting volume across many sportsbooks. Therefore, it is obvious that Cash Out is enabled for football bets. However, there are a lot of sports that Cash Out enabled such as
- Rugby Union
- Horse racing
The range of games that have the feature enabled differs between bookmakers. In this best Cash Out betting sites review, we list sportsbook with the most games with Cash Out enabled.
Best Sites with Cash Out option
The following bookmakers emerged as the best Cash Out betting sportsbooks.
- Licensed by UKGC
- Was first the first bookie to offer Cash Out.
- Diverse payment methods.
- £5 free bet and odds boost
- Rating: 4.8
- Licensed by the UKGC
- Among the oldest online bookmakers.
- Has full and partial Cash Out
- Bet £10 and get £30 in Free Bets
- Rating: 4.8
- Licensed by the MGA and UKGC
- Wide range of games that have Cash Out enabled
- Allows auto Cash Out
- Up to £ 100 in welcome bonus
- Regulated by Gibraltar Gambling Commissioner and UKGC
- Live Betting
- Price boost, bonuses, and promotions
- £20 free bet sign up offer
- Rating: 4.5
- Licensed by the Gibraltar Gambling Commissioner and UKGC
- Vast collection of games with Cash Out enabled
- Price boost
- Bet £5 and get £20 in free bets
- Rating: 4.5
The above bookmakers have the best Cash Out facility. Although there might be upcoming bookmakers who might have an almost similar service, these five are the ones with the longest history of being outstanding in the sports betting industry and have won player’s trust.
Criteria used in picking the best Cash Out sites
To arrive at the best Cash Out sites, our team of experts carried out in-depth examination from a pool on online bookmakers. Our experts took into account certain factors that felt they were important in deciding which sites were the best Cash Out sites. Below are the factors that determined which sites rank best for Cash Out.
It is in vain to join a site that has Cash Out feature, but it isn’t regulated. When dealing with an unregulated bookmaker, you are not certain if the odds are fair, whether your money is safe or whether they will disable the Cash Out intentionally. Generally, there are many risks of dealing with an unregulated bookmaker, and when analyzing Cash Out, the best betting sites in our selections are all regulated.
With many online bookies turning their attention to offering mobile betting, it is undeniable that hand held devices offer convenience when betting online. Through betting apps or mobile sites, players can Cash Out on the go. In coming up with the list of the best Cash Out site, we only considered sites with optimized mobile sites or mobile application.
Also referred to as in-play betting, live betting allows players to wager on live matches. Players can place bets accumulator bets, single bets, Heinz, super Yankee, and much more. Sportsbooks with such options give players are better since bettors who have live betting strategies can also benefit in case you missed on placing a pre-match bet you will not miss out.
Quality of the odds and the betting lines
The Cash Out amount is affected directly by the live prices. Some bookmakers are known for high prices, and others are known for relatively low odds. In coming up with this guide, our experts picked on the sites that had high odds. It is also important to consider the betting lines because some bookmakers restrict certain bets in the case of Cash Out. Sportsbook who are liberal about their betting lines is preferred.
The best Cash Out betting sites are those that have adequate and diverse payment options. With diverse payment methods comes convenience, implying that players can fund their account instantly, wager, Cash Out, and have his/her winnings back to his wallet. Even though some may take longer, but with plenty of options, players can find the most suitable option that is also cheap to carry out transactions.
Why can’t I Cash Out?
The Cash Out function depends on whether the sportsbook allows it or not. If the bookmaker has the Cash Out option and it’s not active, it may be because the game has almost come to an end or has been disabled temporarily by the bookie.
How will I know a match has Cash Out enabled?
Most of the prominent leagues and events with high betting volume have Cash Out enabled. Less popular competitions have a chance of Cash Out being disabled.
How long will the money take to reflect in my account after I Cash Out?
The money will reflect immediately after you have hit the Cash Out button. If you don’t see it reflecting, refresh your browser.
Can I use my phone to Cash Out?
Yes, most sportsbooks that have mobile apps or allow cashing out from the phone.