Home Cash Out And Partial Cash Out Guide

Cash Out And Partial Cash Out Guide

Cash Out And Partial Cash Out Guide

cash-out-iconIf used correctly Cash Out is a great tool that allows punters to reduce risks and also increase profits. Cash Out, however, has two faces and if used in the wrong way can become extremely costly and could make you losing money in the end.

The Cash Out feature has become very popular in the last few years, and more and more betting sites are offering this functionality at least for the top in play markets. There are significant variations between the different betting sites in regards to the depth of markets where Cash Out is applicable and also the quality of the feature tend to be better with some betting sites than in others.

Cash Out Functionality Is Getting More Advanced

For example, some betting sites will allow you also to receive partial cash out so that you can leave the rest of the bet to play out. Cash Out functionality is getting more and more advanced, and some betting sites are even allowing you to set up some rules so that there will be auto cash out once those have triggered even if you are not in front of your betting screen.

In this article, we are looking at what are the best bookmakers that offer cash out functionality and how to get the best from this opportunity without experiencing too many sides effects. We have also analysed things like using cash out linked with offers and free bets.

Best Cash Out Betting Sites

BetVictorBetVictor  – Top Cash Out Service

BetVictor have made sure that Cash Out will be easy to use and also that will be perfectly integrated into their excellent live betting interface. Add to that the odds are generally excellent, so it becomes challenging for others brands to compete.

BetVictor are also offering the opportunity of partial cash out which is available on every stake amount. If you think that you usually will be getting the best value odds from this betting site, it tends to make cash out value also the best in the industry.

The only downside is that BetVictor do not offer cash out for a massive range of markets, but yet you will be able to find all the major sporting events covered by this feature. Cash Out functionality has a cap of £50k so this will be perfectly fine for the vast majority of punters. BetVictor Full Review.

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BetfairBetfair  – The Creator Of Cash Out

Betfair has been the first to launch Cash Out functionality in their exchange way back in 2011. They then decided to roll out this functionality also to their fixed odds sportsbook in 2013 and others betting brands followed suit.

Since they were the first in the market, they have been able to develop this feature in the best possible way. With Betfair Cash Out you can even cash in your bet during a live horse race, and this is not something you will find elsewhere.

Partial Cash Out

As you would expect partial cash out is also available from Betfair and it can be used over a huge amount of markets. The slider in the partial cash out is convenient and will let you set up any percentage that you prefer. The partial cashout functionality can be used as many times as you wish on the same bet.

Many betting sites offer Cash Out functionality, but inevitably Betfair goes well beyond and as mention also allow cash out to be used on racing. Having an account with Betfair and compare the value you are getting when using cash out with other betting sites looks like the best option. Betfair Full Review.

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CoralCoral  – Top Cash Out Integration With Live Stream & Offers

Coral’s Cash Out is one of the easiest to use. They are offering cash out and partial cash out in most of the top sports. In the partial cash out you have 10% increments, and the maximum payout is at £50,000 which is in line with the best in the industry.

Well Integrated

The Coral cash out functionality is particularly good and well integrated with other in play features, especially the live streaming. Coral is also known for their generous price boosts, and this usually results in better value cash out than in other betting sites. Some sites will not allow you to use cash out in conjunction with enhanced odds but this is not the case with Coral, so this extra value has to be taken into account.

Another advantage of cashing out with Coral is that you can also cash out qualifying wagers that have been placed in Coral shop. So if you love Cash Out feature Coral is a betting site you want to have an account with. Coral Full Review.

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LadbrokesLadbrokes  – Great Cash Out Coverage

Ladbrokes is one of the first betting sites that have started to offer Cash Out, so they have been offering this feature for quite some time now. As you would expect Ladbrokes have a stylish and functional Cash Out functionality which is very simple to use.

Cash Out is available on a vast range of markets, and it is very well integrated into their live betting and streaming section. This means the live betting package is nothing short then outstanding.

Edit Bets Live

With Ladbrokes you will also be able to edit bets live: this is, in fact, a variance of the cashout functionality where you can re-issue a bet with new terms at any time using the cash out odds.

Another thing to signal is that payout limits for cashout are the same as every other bet which means that this betting site has the highest cashout payout in the industry: this is very good if you have in your hands something like 5000/1 Leicester type of bet. By using their Ladbrokes Grid System you will also be able to cash out the bets that have been placed in a shop. Ladbrokes Full Review.

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BetfredBetfred  – The Bonus King

Betfred has a rather good Cash Out facility which is available in most sports, and they do also offer cash out on horse racing accumulator bets. Another strong point of Betfred Cash Out functionality is that if you wish to cash in your multiple early, there are not set cash out limits.

So generally their Cash Out functionality is in line with the industry, but if you add that they have a vast number of streaming events and their brilliant live betting section, then it feels a great addition. Without any doubts, Betfred is the best cash out betting site for horse and greyhound racing. Betfred Full Review.

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William HillWilliam Hill  – Top Trusted Brand

William Hill is using the term ‘Cash In’, but it is precisely the same thing. The reason why we have recommended William Hill for this functionality is that they have a considerable number of markets available and features of which cash in is just one.

So if you are looking for a betting site that has a great live betting section, huge market depths, tons of live streaming and cash out functionality, then you are in the right place. Add to that cash out is not just available on main sports but it has been rolled out on a vast range of sports including darts and snooker.

Partial Cash Out Is A Bit Confusing

William Hill is also offering partial cash in which is a bit confusing in the way it has been built. The maximum payout for cashout functionality is £50,000, so it is entirely in line with the competition. Since William Hill have a considerable depth of market, you will find that in some cases they are the only betting site in offering cash in. William Hill Full Review.

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Other Recommended Cash Out Betting Sites

Coral Priority ProgrammeThe vast majority of betting sites are now providing the opportunity to cash out at the very least on pre-match bets on football. To avoid disappointments, it is suggested that you look for the market that you might want to cash out and then select those where the cash out it is available. Generally, if you find a higher odds pre-event, this means that you will also get higher cash out odds later on in the game as the cash out odds are calculated from the initial odds.

Suggested Cash Out Betting Sites

Unibet – Their cash out functionality it is in line with the other betting sites but since this bookmaker has more of a European focus you might be able to find opportunities that are not available with the traditional UK betting sites. After all, Unibet has more than 50,000 live events a year some of which are not covered by the other betting sites.

Betway – similarly to Unibet they don’t have anything special in regards to the cash out functionality in itself. Betway strategy, however, is to cover well some of the most obscure sports so again you might be able to find more cash out opportunities with this betting sites on some particular events.

NetBet – if you usually use the cash out functionality on football then using Netbet is not a bad idea. They have an excellent depth of market and also allow partial cash out on multiple bets.

Paddy Power – even though this betting site does not provide the best odds value they do regularly have offers and have a great range of cash out markets.

What is Cash Out?

Cash Out ExampleMerely speaking Cash Out is just a way of settling your bet before the outcome is determined in change of a lower payout. If used correctly the punter can potentially mitigate the risks and increase winnings or reduce losses over time. Careful though as if misused can significantly affect your profit line.

The Cash Out odds will vary from different betting sites, but they usually are calculated from a formula that looks at the original odds and the odds at the time of your requested cash out.
Cash Out bet will always be less then the money you can potentially win if you let your bet run to the end.

What Is Partial Cash Out?

Partial Cash OutPartial Cash Out is like the name indicates an intermediate option. With this feature, you can decide what is the proportion of your stake that you would like to cash out and the rest will run to the end. In regards to how much you can cash out some betting sites like Betfair allows you to select any stake amount in a slider tool while other bookmakers like Coral will restrict you to 10% increments. Whatever the amount the concept of partial cash out will not change.

Rules Depends On The Betting Site

Rules that regulate Partial Cash Out are different depending on the betting site you are dealing with: the majority of betting sites will pay you the cash out at the current odds and will leave the rest of your bet at the odds you had initially. Paddy Power, however, will also switch the remainder of your stake from the original odds to the odds that you have accepted when taking the cash out: this can work in your favour in some cases but also can be worse in others.

Usually, punters tend to use partial cash out functionality to cover the initial stake and leave the rest in running so that they basically cannot lose. This is an example: You initially back England to win the Rugby Six Nations at 3/1 with £10 that might return you £30 winnings + £10 stake back. After four games England have won three and lost one, and they need to win the last one to secure the title. If you cash out now, you will get £20. By using the partial cash out functionality, you can get the original stake amount back (£10) and leave the remaining £5 to run. In this case, even in the worst case scenario that England will not lose the game, you will still get your stake back. If England will win you will get £20 back in addition to the one you got for the partial cash out (so £30 in total incl. the stake).

So having the opportunity to use partial cash out does provide additional options to the full cash out functionality to mitigate the risks of your bets in live.

What Is Auto Cash Out?

This innovative feature will allow you to set rules for your cash out. If your payout reaches the level that you will set, the auto cash out will lock it for you.

So the first thing you will have to do is to decide what is the payout that you are looking to achieve, and then you will need to select if you would like to cash out entirely or partially (this will be done with partial auto cash out functionality). Once you have saved the rule, you can also log off as this will work regardless if you are online or not.

This is an excellent tool as it does allow you to stay in control of the situation even if you are not around. You can set auto cash out rules at any time before the event has settled.

What Is Bet Editing?

Bet EditingLive bet editing is an excellent tool the lets you edit your bets in live: you can swap add or remove selections and get a different odds in return.

If you use Bet Editing after an event has already gone live, it is effectively a type of cash out, but instead of getting the cash back straight away you place it on your new ‘edited’ bet. In our dedicated bet editing article, we will cover all the details.

How To Cash Out To Maximise Profits?

If you are in a position where your bet is winning but you believe that soon things might turn and you could go in a losing position, using cash out can be a great opportunity.

Let’s make an example to make everything more real: let’s say you have placed a £10 bet on Manchester City to beat Arsenal 2-0 at 8/1. In this scenario, you can win £80. If at the 75th minute City are winning 2-0 but you believe things might change it might be worth for you to cash out at 5/1: in this case regardless of what will happen after you have locked £50. If the game ends with 2-0, you have lost a potential £30 additional profit.

How To Use Cash Out To Minimise Loses?

There might be situations where your bet is not going too well and cash out can help in reducing the losses. If for example, you have placed a bet on Murry to beat Djokovic (£10 at 2/1). During the match, you notice that Murray’s is not on a great day and it might be just a matter of minutes before Djokovic will take a substantial lead. If you cash out immediately, you can get £10, and you decide to go ahead. As you predicted Djokovic go ahead and win the game. In this case, you have used the cash out functionality correctly as you have not lost any money.

So Cash Out can be a great tool, but you need to evaluate every situation carefully. Being too emotional and using cash out too frequently will result in your giving away too much margin to the betting sites with an adverse effect on your bottom line.

Importance Of Using Probabilities When Cashing Out

BTTSTaking the decision of cashing out is not an easy one and many punters are making the mistake of using their hearts instead of their head. For example try to avoid situations that are involving your emotions: cashing out on a wager on your own football team usually result in mistakes being made.

Lots of people are cashing out just because they cannot stand the pressure of waiting until the end of the game. Cash out is a great feature but has to be used on wagers where you can produce an objective assessment.

So it is essential that you research what are the probabilities of something happen: in the example, we have made before you should look at how many times Man City are scoring in the last 15 minutes of a game and similars: if there is a goal in 30% of the matches and there isn’t a goal in 70% you can compare with what you being offered. If cash-out is giving you more than 70% of your total winnings, then it might be a good idea to do it.

The Betting Sites Margins On Cash Out

Always remember that betting sites do not only run cash out to make the whole betting more fun but they do it hoping that on balance the people will make the wrong decisions. A great example of this was in the 2015/16 Premier League season when Leicester produced the shock of winning the league. Lots of punters had a 5000/1 bet and decided to cash out earlier as they expected Leicester to disappoint towards the end. Looking back it was not a decision that made any sense as Leicester had the quality to keep the title challenge and objective punters could read this.

This was a brilliant example where cash out triggered people’s fears and allow them to get a significantly lower payout to relieve the pressure. Leicester eventually won the title and left lots of punters to regret that decision.

What Are The Sports And Markets Where Cash Out Is Available?

Cash Out can be used theoretically in pretty much every market, but obviously, it depends on the betting site. The betting sites that we have recommended in this page all offer a great range of cash out opportunities and outstanding depth of market.

On football, for example, you will find that almost every betting line can be cashed out. On minor sports, like darts, you will see that the market depth is reduced, but still, you should be able to cash out on the main match result and maybe on the correct score.

The vast majority of betting sites are now offering cash out on both single and accumulator bets. Generally, you won’t be able to cash out on full cover bets, forecast, conditional and others.

Can You Cash Out On Horse Racing?

Synthetic All WeatherRecently it has become possible to cash out also on horse racing. Betfair was the first betting site capable of offering this feature on a single horse race. The vast majority of our recommended betting sites will offer cash out but limited to horse racing multiples.

So let’s say you have a backed a multiple that has 4 horses in 4 races: the first three horses have managed to win, but you believe the last one can have a hard time. You will be allowed to cash out after the 3rd race.

Cashing out on horse racing while watching the race in live streaming can be great fun.

How Betting Sites Are Setting Cash Out Odds?

Betting sites are using an algorithm to calculate the cash out odds in live events. It is fundamentally a ratio of the original odds. The cash out will always include your initial stake. So if you are given a £40 cash out it means that if you have staked £10, you will get £30 as profit.

For partial cash out you can do the exact same calculation, but you will be using the stake proportion that you want to cash in early.

How Fair Are Cash Out Odds?

As mentioned before Cash Out is a great tool, but it is not free. Betting sites are building in margin in those odds similarly to everything else. By using cash out you are fundamentally giving the betting site a margin twice on the same wager: once when you place the bet initially and the second when you take the cash out. The reason for this is that your original wager had margin built in by the betting site and the same the cash out bet. When you are cashing out, you are basically selling your live bet and pay commission in doing so.

This doesn’t mean that using the cash out functionality is wrong. If you get it right, you will still pay double commission, but you still will get more then you will have had if you didn’t cash out. Statistically though if you always cash out you will have fewer chances of making a profit in the long run: for this reason you should use cash out only for extraordinary situations where you think it can really make the difference, not just because you can’t stand the pressure of waiting until the end of the game.

Delay & Suspension Of Markets

Cash Out FunctionalityWhen you are processing a cash out, you can expect a delay of around 30 seconds. The reason is that the betting site is taking some time to assess if the market has moved before confirming the payout. The betting site can refuse the cash out and can suspend the market during the delay. If there is a change in the odds, they will give you a new cashout offer that you can decide if accepting or declining.

Always remember that cash out might not be available throughout an event. Betting sites can sometimes temporarily suspend the function: if for example there is a dangerous free-kick then it is likely that the market will be temporarily suspended until the outcome of the free kick will be known.

Live Betting And Live Streaming

Live Streaming US SportsCash Out is a useful functionality that can enhance in play betting and live streaming. Most of the bets that are cashed out are during in play. So if you have the intention to cash out you should use the live betting features to know when it is best to take that decision: lots of betting sites are providing graphics and statistics so that you get the right insights and make decisions that are founded on robust probabilities basis.

Watch Sports And Bet Live

Having the possibility to also watch the game in free live streaming is excellent as it will allow you to gather further insights on how the game might be able to turn out. Most games have a specific flow, and by watching the match, you will be able to identify those and see if something is changing as it is progressing. Being able to spot those changes earlier will allow you to cash out and make a profitable trade.

Cash Out & Free Bets, Bonuses and Other Offers

Free_Bets_HomeIf you have placed your bet using a free bet, bonus or other promotions like enhanced odds offers you need to be very careful when using the cash out functionality. This is because the vast majority of free bets cannot be cashed out so in most circumstances you will be unable to use the feature. If you are taking advantage of a special offer like for example a price boost the majority of betting sites will not allow you to cash out those bets. If you will be allowed, then the formula is probably going to be based on the raw odds rather then the enhanced odds.

Normally Cash Out Not Available With Bonus Funds

If you are using bonus funds and decide to cash in early the bet, in 99.9% of the cases, this will not be counted for the wagering requirements. So let’s say you have a £50 bonus with 3x wagering requirements: you have already wagered £100, and you have a £50 wager that is running. If you do cash out, then you will not be able to meet the 3x rollover. You will be still get credited with the winnings, but you will need to place another £50 bet to meet the wagering requirements of the offer.

Similar is the situation for the qualifying bets: if you take a deal where you need to place a £10 bet to receive a £30 free bet or bonus and you cash out, then the qualifying bet will not trigger the welcome bonus.