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Cash Out Betting | Understand Cash Out & How it Works

Dave Kuzio

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Publish Date: 12/03/2024

Fact checked by: James Leeland

How Cash Out Works at Online Betting Sites: Expert Breakdown

Heading into the closing stages of any sports bet you have placed is a very nervous experience, you are minutes away from either winning a good amount of money or coming away with nothing. This is where cash out at betting sites are becoming more and more popular.

This guide will show you how to execute a good cash out strategy and explain when and not to use the cash out option during your sports bets.

Table of Content

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What Is Cash Out In Betting?
Best Betting Sites For Cash Out
How Cash Out Works - Cash Out Meaning Explained
Does Every Betting Site Offer Cash Out?
How Is Cash Out Calculated?
Should I Cash Out In Betting?
Pros And Cons Of Using Cash Out In Betting
Conclusion On Cash Out At Betting Sites
Cash Out Betting FAQs

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What Is Cash Out In Betting?

Cash out at betting sites is very self-explanatory. It is a very popular function that allows punters a chance to make a profit - and in some cases a loss - by ending their bet before the sporting event in question has come to an end.

Using a cash out strategy allows you to follow the bet online and see what offer is on the table from the bookmaker. If your selected team has a narrow lead and you are not confident of them hanging on, then using the cash out option is seen as a safety net.

The amount you will receive from a cash out depends on a number of factors. It will depend on how much you have initially staked and how close to the end of the event it is.

It is important to note that not all sports will have a cash out option. The cash out strategy is very popular in football as part of the in-play feature.

Cash Out Example

An example would be if you had backed Manchester United to beat Manchester City in the Premier League. The game is 1-0 to United heading past the 70th minute mark, you have placed a £10 bet on the Red Devils to win.

At this stage, you are on the way to winning the full bet, but City are starting to dominate. You check your cash out option and you decide to cash out immediately as you do not have confidence in United holding City out.

That bet will end with United as the winner, no matter what happens in the final 20 minutes.

Best Betting Sites For Cash Out

Using a cash out strategy is getting more and more popular with some of the UK’s best bookmakers. Below are a selected few bookmaker sites that provide you with the best cash out options and which are worth using.

Bet365 Pros And Cons

Full and partial cash out available
Auto cash out option

Temptation to not let the bet run

Bet365 is one of the most popular sites when it comes to a cash out strategy. Customers have the option to use a full cash out option, a partial cash out or even an auto cash out. Bet365 are the only UK betting site to offer all three options.

The full cash out option allows punters to take out a specific amount before the game has ended. With the partial cash out, customers can take out some of the winnings and leave the rest in for the remainder of the sporting event.

The auto option allows the customer to enter a chosen amount and once the cash out value reaches that number, the bet will immediately cash out.

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William Hill Pros And Cons

Full and partial options for cash out
Control over your bets

Cash out not available on bonuses

The cash out feature at William Hill is basically identical to a lot of the betting sites in the UK. It gives you the option of cashing out and potentially making a profit before the sporting event you have chosen has finished.

William Hill offers both a full and partial cash out option. This means that you can take out the full offer before an event is finished, or cash out a percentage and wait until the game is over to see if you have won any more.

The downside to the William Hill cash out system - although this is common with most UK bookmakers - is that you do not have a cash out option if you are using a welcome offer or free bet.

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Ladbrokes Pros And Cons

Full cash out option
Can cash out online with shop receipt

Not all sporting events have cash out

Ladbrokes prides itself on being one of the innovators when it comes to a betting cash out strategy. They were one of the first UK betting sites to implement this option.

The cash out option is available on selected betting events which allows you to take out money before the event has ended.

Although online betting is the way to go in this day and age, some punters still like to place a bet in a shop. Even if you do this you can still cash out online if you want to. You will need to go to the website and type in your 14-digit receipt number and press submit to implement your cash out.

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How Cash Out Works - Cash Out Meaning Explained

The art of being successful in sports betting is being able to keep your nerve, but sometimes the temptation of having money in your betting account becomes too much.

Cash out at betting sites is there to help you at least win some money, but it’s also put there by the bookmakers to place doubt in your head about whether you trust your bet or not.

If the customer cashes out and the bet goes on to win, then the bookmakers are happy, but the customers are content because they have at least come away with something - although they would much rather have won the full amount.

When working out your cash out strategy you will notice a few options at UK betting sites, here is what they mean.

Full Cash Out

The full cash out option allows the punter to end the bet at any time and receive some form of pay out. Most customers will only cash out late into the game or event if they are doubtful the team they have backed will hang on to claim victory, or they have changed their mind on the outcome of the bet.

By using the full cash out, the punter will take a portion of their winnings depending on how the game is going and how long is left. The amount you cash out on will be quite less than what you would claim if the bet ran to the end, but sometimes taking a small amount home is better than losing it all.

Auto Cash Out

At the time of writing, only Bet365 offers the option of an auto cash out. This allows punters to create a rule that sees them enter an amount of money they wish to receive from the bet. Once the cash out reaches that set amount, the bet will immediately cash out.

Partial Cash Out

This is very similar to the full cash out option, but it gives you an extra opportunity to boost your eventual winnings. You can use the partial option to cash out a percentage of the bet and let the rest of the bet run until the end of the game.

You will automatically claim an amount and if the bet ends up being a winner, you will then receive the remaining amount left on the bet. Remember, if you use the partial cash out and the bet goes on to lose, you will only receive what you initially cashed out.

Does Every Betting Site Offer Cash Out?

It is easy to see why most UK bookmakers have cash out implemented into their sites, but not everyone has got on board as of yet.

You will know through your own betting research that there are a large number of sites available to help you on your sports betting journey.

For whatever reason, not all sites have the option but you will notice that the majority do as they believe this function is very important as it gives the customer the choice on whether they let the bet run or cut their losses and take a smaller payout.

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How Is Cash Out Calculated?

When it comes to cashing out mid-bet, most punters just see that is a fraction of what they would receive if they allowed the bet to run and that bet went on to win.

There is a little more to it than that. The cash out price is based on a formula which includes the original wager, the starting odds and the potential winnings.

Should I Cash Out In Betting?

A lot of punters start to doubt their bet the second it has been placed. Therefore, they like to use cash out as a safety blanket.

They are willing to only make a small profit - and sometimes even a loss - just so that bet does not officially lose.

Why do people cash out? That is a question that is asked every day. Punters cash out because of three things - to receive smaller earnings, to just cut their losses as one leg is severely letting them down or to get back some of their initial stake in order to place another bet.

What Is The VIG In Cash Out Betting?

Punters should already know what the Vig is when it comes to sports betting. It stands for vigorish and it is the house edge. It is the cut the bookmaker takes for you to put your bet on.

The bookmaker will always be looking to make a profit and the Vig helps them to do that.

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Pros And Cons Of Using Cash Out In Betting

Cash Out Betting Pros And Cons

Control over your bets
Can secure profits
Minimises losses

Conclusion On Cash Out At Betting Sites

Cash out options are becoming the norm in terms of sports betting, but there are still a number of people who do not like the option.

If you like to let your bet run and leave your fate in the hands of the sporting gods then cashing out is not really for you. If you just want to continually make small profits and build up your cash balance that way, then using cash out at betting sites can help you do that.

It will not be too long until every single sports betting site in the UK has a cash out option. It is too popular to go away. For the one person who doesn’t like the cash out option, there will be another 50 who love it.

If you are a betting novice and you are not comfortable losing money all the time, then cashing out is a way of you being a winner. More advanced bettors will let the bet run because they are chasing the higher amounts.

Cash out at betting sites makes the journey a little bit more interesting. You are constantly following the action to see when the best time to cash out is.

Cash Out Betting FAQs

❓ What Is Cash Out In Betting?

Cash out is an option that the top bookmakers include to allow punters to take money from their bet before the event is over.

🤷 When Should I cash Out?

There is never really a right or wrong time to cash out. It is down to how you feel in that moment. You could cash out for a smaller amount and the bet goes on to lose, so you kind of win. There have been times when people have cashed out and the bet has been successful seeing them lose a decent amount. So, it is down to that actual moment and how you feel your game is going.

🆓 Can You Use Cash Out On A Free Bet?

The general consensus is that you cannot cash out with a free bet. There are some exceptions to that rule, where you will only get a cash out offer once the amount you will receive surpasses the amount of the free bet. It is safe to check out each site before using cash out.

💷 What Does Cash Out Suspended Mean?

If you see ‘suspended’ on your cash out bet, that means something significant is occurring in that game. A goal could have been scored, VAR could be checking something or a player could be being sent off. All these options could have an effect on the outcome, so the bet is suspended until it is resolved and the cash out amount is altered.