What is Cash-Out Betting? | Cash-Out Betting Explained

Zuletzt aktualisiert & geprüft: 08.10.2020

The cash out option is now a sought after feature for many punters. So, what is cash-out betting exactly? In this article, you will see cash-out betting explained to you in great detail so that you can start applying this strategy.

Here is what you’ll learn from this article:

  • Definition: what does the term ‘cash out’ mean in betting?
  • How it works: in order to reap the full benefits of a cash out option it is crucial that you understand how the option works with live betting.
  • Benefits: how does this option benefit both the punter and the bookmaker?

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What is cash-out betting?

The bookmakers cash out option is another feature joining the live betting or in-play family. The idea is that cash out offers are made in real-time, before the final result is decided. In other words, cash out allows punters to get their money back before the game has ended if the result is going against their favour. This option is useful for punters who foresee a loss or see an unlikely moment in their favour because the amount of money you get back is determined at the time of cashing out.

Depending on the likelihood of your bet, you could get back less that your initial stake (better than losing it all) or you could end up with a profit on your original stake. In-play markets are usually volatile, so the amount you can gain from the cash out option is difficult to predict, especially in the final stage of races or games, which is often the time when punters are most likely to use the cash out option. As the chances of winning becoming less or more obvious, fluctuations in the cash out option decrease and increase in response. In some cases, the cash out option will be removed altogether.

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Bookmaker
Our
Test
Result
Bonus Amount
Website
1
10
/ 10
Up to£100
in bet credits
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New Customers only. Up to £100 in Bet Credits. Sign up, deposit £5 or more to your account and bet365 will match your qualifying deposit in Bet Credits when you place qualifying bets to the same value and they are settled. Min odds/bet and payment method exclusions apply. Returns exclude Bet Credits stake. T&Cs, time limits & exclusions apply.
2
9.9
/ 10
Up to£30
Up to £30 William Hill bonus
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New customers using Promo Code P30 only, min £10/€10 stake, min odds 1/2, free bets paid as 2 x £15/€15 (30 days expiry), free bet/payment method/player/country restrictions apply. *By entering the Promo code in the box above you agree to the full terms and conditions of this promotion as displayed below.
3
9.9
/ 10
Up to£0
Up to £10 Smarkets bonus
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1. Once the bonus is credited to your account, losses will be refunded up to the bonus amount. 2. You must deposit at least the qualifying deposit of £20 (or currency equivalent) in a single amount with your first deposit to be eligible for the rebate. 3. To withdraw rebated funds, you must bet at least the qualifying deposit on any combination of markets within the promotional period; otherwise rebated funds will be forfeited. 4. Unused bonuses expire after seven days of being credited to a user account and will be removed after this period. 5. Users making their first deposit by Skrill, Neteller, PayPal or a virtual/prepaid card will not qualify for this promotion. 6. The sign up offer is strictly limited to one per individual, family, household address, email address, same payment account number, and shared computer. 7. This promotion cannot be used in conjunction with any other sign-up promotion. 8. Smarkets standard terms for promotions apply.
4
9.8
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Up to£30
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New UK & Ireland customers only. Min Deposit: £10. First deposit matched up to £30. 1 x wagering at odds of 1.75+ to unlock Free Bet. Debit Card & PayPal deposits only. This offer is valid for 7 days from your new account being registered. Terms apply
5
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New customer offer. Place a single £10 (or £5 e/w) Sports bet in the 13:45 York on Friday, 21st of August and get a £5 free bet for each of the subsequent race. Deposits using Credit/Debit cards or Apple Pay only. Free bets are only valid for the specified race and are awarded when the qualifying bet has been settled. Free bet stakes not returned with winnings. T&Cs apply.
6
9.7
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Up to£30
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18+. New depositing players on STSbets.co.uk only. Promotion from 11/02/2020 until further notice. First deposit min. £10. Qualifying bet: min. £10 accumulator bet with at least two selections with min odds of 1/2 (1.50) per selection. Bonus: 50% of the amount of the first bet. Max bonus £40. Min 6x wagering with bonus on min odds of 1/2 (1.50) before withdrawal. Deposit method restrictions. Bonus valid for 7 days. Full T&cs apply. BeGambleAware.org.
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New customers only • Max Bet €5 • €10 deposit using promo code • Free bets are granted within 72 hours and expires after 7 days • Free bet stakes not included in returns • Deposit balance is available for withdrawal at any time. withdrawal restrictions & full T&C’s apply.
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9
9.6
/ 10
Up to£10
£10 Free Bet if your first bet loses
Bonus
18+ New Customers. Qualifying bet is first settled bet £/€10.00+ (£/€10 E/W) at odds 2.0+ placed within 28 days of registration. If bet loses, free bet equal to your qualifying stake (max £40) credited, use within 7 days, Stake not returned. Multiples require each selection odds of 1.4+. Full T&Cs Apply.
10
9.5
/ 10
Up to£30
Up to £30 BetVictor bonus
Bonus
New Customers only. Deposit and place a £5 qualifying bet at odds of 2.00 or greater within 7 days of opening a new account; excludes cashed out bets. Receive 2x £10 Sports/Virtual Sports Free Bets, valid on set events only at odds 2.00 or greater, expires in 7 days, plus a £10 Casino Bonus, expires in 7 days. Wager the Casino Bonus 35x to withdraw winnings. Payment Cards only. Geographical Restrictions and T&Cs Apply.

Let’s explain how this works with a real example:

Imagine you have placed 3 bets of £10 each on three different football teams with odds of 1/1, 3/1 and 15/8. The potential to win is £230 if all your bets win. Imagine that with five minutes left in all three games, the result is the same: your teams are winning 1-0. You are offered, at this point, a cash out option worth £180. What are your options at this stage? Well, you could accept the cash out and walk away with a guaranteed £180 (even if your team concedes an equalising goal).

You could also reject the cash out option, but what happens then? Well, if the score remains the same across the board, you will walk away with the maximum win of £230, but of course if this is not the case and your teams lose or concede an equalising goal, your winnings will be significantly smaller altogether. The cash out option, simply put, is like walking away with the money on “Who Wants to be a Millionaire?”

Why do online betting websites offer the cash out option?

It does seem strange that some bookmakers would give punters the best opportunity to minimise their losses. How do they profit from this, one might ask? The main reason for the introduction of this option is simple: the punters love it. Not only does it give them a bit more security when placing bets, but it also adds that bit of extra excitement to the betting process.

With the popularity of live and in-play betting, the cash out option is simply yet another advancement in innovative betting techniques. Online betting sites that choose not to offer the cash out option may wish to rethink this in the future.

With that being said, the cash out option has caused some controversy in betting circles. There are those who like securing their bets without the annoyance of late goals messing up their progress, but there are others who are against the cash out option, arguing that the notion of a ‘value bet’ is lost.

Now that you have a clear understanding of what cashing out actually means, take a look OpenOdds’ list of bookmakers that provide cash out options. If you still need cash-out betting explained to you before you start playing, we strongly encourage you to do some research of your own until you feel confident in the strategy!

What is Cash-Out Betting? | Cash-Out Betting Explained

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