
Can you cancel a bet? It’s a good question and one that you’ll need an answer to. So take a look below to see how to cancel a bet online!
So you’ve either made a mistake or have just put down a bet you regret and now you need help. No problem. We’ve created a guide that shows you what you can do to remedy the situation. Keep reading to see how you should be able to get a little back from that unfortunate betting attempt!
Uh, not really. This is because a sports bet is a contract between you and the bookmaker. Once the bet is submitted, you’re pretty much stuck with it. You can read through the bookie’s terms and conditions as much as you want and the chances are that you’ll just have to live with the shame.
Thankfully, there are some bookies out there who have a human side, and they realise that everyone makes mistakes every now and then. This is why bookmakers often have a part of their terms and conditions that says something about how they have the power to cancel bets at their ‘discretion’.
So if you’ve just put down a supremely stupid bet, then you should probably take a screenshot of it and then get in touch with the bookie’s customer service team as fast as possible. Chances are that they won’t do anything, but if you’re really lucky, they might just take pity on you.
Well, let’s just say that most of us have those special moments where we do something we wish we could take back. The sad fact is that many of us have done this when using a sports betting site. As a result, you’d probably have been struck with that feeling of blind terror and would have wanted to cancel that insane bet immediately.
It could be a bet on something daft like Oldham Athletic to win the Premier League next season, or for Harry Maguire to play a decent match. After all, we’re only human and it’s easy to get carried away when betting on something as emotive as sport.
Plus it’s worth remembering that we all suffer those technological malfunctions every now and then. It could be something as simple as adding one too many zeroes on the end of that risky acca bet. Whatever the reason, it doesn’t make a foolish bet any less painful. Thankfully, there are some ways that you can dull the pain of these misguided bets.
So while you can’t usually cancel your woeful bets, you might be able to cash them out. This is because most decent bookies have a feature called cash out betting.
Cash out betting is where you can settle the bet before it has ended. This means that you would retain a part of your betting stake regardless of whether your bet would have won or lost later on.
The amount of betting stake that would be returned to you would depend on what its market price was at the time that you requested the cash out. Confused? Then let’s take a look at an example.
Say you’d bet £20 that Tottenham Hotspur would beat Arsenal in the Premier League. Tottenham scored two early goals and went into the half-time break 2-0 up. Here you could cash out your bets early and enjoy the rest of the match safe in the knowledge that you’d locked in a profit even if Spurs go a bit ‘spursy’ in the second half.
Another example would work in the opposite way. Imagine that you’d bet a tenner on Man United beating Liverpool. However, Liverpool quickly got a three-goal advantage. This is where you might want to cash your bet out early. As a result, you’d still get a tiny share of your betting stake back which is better than nothing at all!
Obviously timing is hugely critical when it comes to cashing out, because it determines what the cash out value is. But with no ability to cancel your bets, cashing out could be your best option!
So the good news is that William Hill is at least aware of the fact that punters sometimes make a mistake when they put down their bets. If you type something like ‘How to cancel a bet online’ into the William Hill help centre, you will get a fairly relevant answer.
This says that if you have entered in the wrong stake or selection, then you should get in touch with the William Hill customer support team as soon as possible before the event has begun. From here, the customer care agents will investigate the matter, but this is no guarantee that your bet will be cancelled.
Thankfully, William Hill has a good cash out feature that lets you cash out an unsettled bet at the cash out value displayed. The only downer here is that William Hill doesn’t currently have any kind of partial cash out facility, but you’ll still get a decent share of your original stake back.
Like most bookies, Ladbrokes doesn’t let you cancel your bets. You can do things like go into the help centre and type in desperate pleas like, ‘Can you cancel a bet?’ and the answer is always going to be a negative.
Thankfully, Ladbrokes has an excellent cash out service. This means that you could lock in at least some of your money before the sporting event has ended in its disastrous finish. As usual, the amount you’d get back would be determined by the real-time value of your live bets.
What’s best is that Ladbrokes even includes a partial cash out feature you can use to keep some of your original stake locked in the bet. All of which means that you can cock-up most sports bets and hopefully still get something back at the end of the day.
Of course, you might also want to cancel a bet for other reasons entirely. After all, there might come a time when your bet is still classified as being ‘open’ even if the sporting event you’d bet on has finished.
This usually happens when there is some kind of evaluation process going on to determine the result of the sporting event. For example, if you’d bet on the Grand National and it was a close finish, then you would probably have to wait a couple of minutes before your bet was settled. So don’t rush to see how to cancel a bet online if your bet is still open for a short amount of time after the sports event has ended.
Sometimes you just have to kiss that crazy bet goodbye. After all, you can ask if you can cancel a bet until you are blue in the face and the bookie won’t even let you cash out your bet early. Here are a few reasons why this might happen:
Most bookies will withdraw the cash out facility in the closing stages of a sporting event.
Obviously, you’ll only be able to cash out your bets if the bet is still running and that every available selection is still unsettled.
Sometimes the cash out value will simply go down to zero meaning that you’re stuck with your losing bet.
Some betting markets simply cannot be cashed out. This often happens for things like football handicap betting, so be sure to check this out before you put your bets down.
You won’t normally be able to cash out bets if you have used any kinds of odds boosts, enhanced odds or build your own bets deals. The same applies if you are using any free bets or even if your bet is a qualifying bet as part of some kind of special offer.
Cash out betting only usually works if that sporting event has live betting options.
You might find that the cash out betting options have been removed if there is a market or sporting event suspension. For example, you might not be able to cash out your bets if the bookie is midway through changing its football live odds after a goal. Or the cash out option could vanish if there is a lengthy delay for a VAR check.
It’s fairly common to be unable to cash out the each-way bet types.
OK, so cancelling your bet outright doesn’t look like it’s going to happen. However, we still think that there’s plenty of hope. After all, we’ve found a decent number of bookies who let you cash your bets out early. Sure you might not get all of your money back, but something is better than nothing!
Obviously, we’ll take care to keep this resource updated should any bookies take mercy on us mere mortals who put down some daft bets. So keep this page bookmarked for the next time you shriek those unfortunate words, can you cancel a bet?
Make sure that you read our guide to see how to cancel a bet online if you are using free bet tokens. After all, free bet tokens have no cash value and they are very different from betting with your own money. All of which should help you make the most of the free bets that you can get at the best weekly free bet clubs!
Read our guide to see the answer to the question, ‘Can you cancel a bet?’ if the game you are betting on is suspended. It’s going to be a fairly unusual occurrence but all good bookies will be prepared for such an eventuality. After all, such things are just as important as dealing with UKGC age verification and so our guide will help you see what will happen.
Check out our guide to see how to cancel a bet online. We’ll examine what the possibilities are of doing this at all of the best UK betting sites so that you can hopefully spare yourself the shame of putting down a truly stupid bet. Don’t forget that we have more blush-sparing guides that answer questions like, ‘What is request a bet insurance?’ so that you don’t feel too daft!
Be sure to read our guide that answers the all-important question, can you cancel a bet if it’s live? This is important as live betting often works in fairly different ways to prematch betting and so you might be able to get a bit more flexibility in how you use your bets. All of which could save you some shame at best odds guaranteed bookmakers and all other good online bookies!
You’ll probably be keen to use betting exchanges if you are a fan of high odds betting, but there’s always the chance that you might want to cancel the bet that you just put down. So make sure that you read our guide to see how to cancel a bet online if you are using a betting exchange. Perfect for knowing what you can and can’t do at these innovative betting sites!
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