Betting Sites With Cash Out & Partial Cash OutJune 22, 2018 9:00 am
For some, the cash out option is a noting but stone cold relief. When you are clinging onto a betting slip (or your mobile phone) in one trembling, sweat soaked hand, nursing the final team in a 15 game acca across the line it can be so tempting to hit that big cash out button and walk away with whatever you’ve earned so far.
On the other side of the coin, there are the people who want nothing to do with the entire concept. The people who put on their bet because they think – no, they know – the bet will come in. Why would you bother to put a bet down and settle it early? You bet because you know – so believe in yourself!
Myself? Well, I fall somewhere in the middle. I like having the option to cash out, but I don’t look to use it on every bet.
If you’re unsure yourself on how you feel about this relatively new concept, I’m here to talk you through it and show you which betting sites have the cash out option.
Top Betting Sites With Cash Out (& Partial)
What is Cash Out & How Does It Work?
Cash Out will generally be available on most in-play markets. Most people (at least the delinquents I know) generally use cash out for football matches and the gee-gees, but it is available across a wide range of sports.
About the only sport you definitely won’t find a Cash Out option is Greyhound racing. Which, now I think about it, would be awesome. Watching some sweaty bloke sprinting to the Tote when Number 6 (“Fatty’s Flyer”) gets bumped coming out the final bend.
So what is Cash Out?
Cash Out is like the Ronseal of betting terms because it does exactly what it says on the tin. It lets you get your cash out of a winning bet. The amount you get back will vary (see below), but the bookies aren’t dumb.
For example…. if you have a five game accumulator, and all selections are coming in at Half Time, you’ll be offered an amount of money by your bookmaker to end the bet now. The longer you wait, assuming all selections are still winning, the bigger the offer becomes.
At half time, there’s plenty of game time left for a couple of your winning games to reverse – so they won’t give you anywhere near the potential full winnings of the bet.
On the other hand, if you don’t think that all five bets will make it to full time, it could be a good idea to cash out early and take the smaller winnings. After all, winning £30 is not as good as winning £150 – but it’s much better than watching the bet collapse thanks to a 89th minute dodgy Mike Dean penalty, and losing the lot.
In this way, you could kind of look at cash out as something of a game of skill. You have to carefully evaluate the games or races you have bet on, and see if the bet is likely to survive or it is better to pull your cash out now.
If one of your winning teams has had it talismanic centre back Captain Fantastic sent off in the 70th minute (probably by Mike Dean) can they cling on and bring in the bacon for you – or will they crumple like a house of cards in a car wash?
Your call in that moment could determine if you walk away with everything, with something – or with nothing.
What About Partial Cash Out?
Partial cash out is an expansion of the Cash Out concept. It works in the same way however here you can choose to cash out just part of your bet and let the remainder of the bet run.
If you choose to do this you’ll be presented with a slider to select how much you want to cash out and how much you want to leave. Obviously if you do this you lock up a certain amount and take a risk with the remainder of the bet – it’s a pretty good tool for ensuring you get at least your stake back.
How Do Bookmakers Calculate Cash Out Amounts?
I’m not going to lie to you – it’s impossible to say exactly how bookmakers come up with the cash out amount – and no bookie is actually going to tell us mugs exactly how they do it.
I looked around, I even spoke to some bookies (yes, it may come as a surprise, but I do actually do a bit of research for these articles, you’re welcome). Most of them had no information whatsoever, and those that did just gave very wishy-washy information. One bookie who shall not be named, simply said cash out was calculated as “Clever Algorithms.”
Which is no doubt true, but is so vague it’s useless – like when you buy a “Meat Kebab” from a trailer in a train station car park.
Thanks. For. That.
You’re not an idiot though, are you? You know that the closer to the end of the bet the better the cash out price will be – i.e. cash out in the 85th minute of a game and you will get a lot more cash than cashing out in the 35th.
What is also pretty obvious is bookmakers are taking the in-play odds of all your selections, combining them into an accumulator to see what the new odds are and then giving you a price based on that information – my guess is the price you’re getting is likely saving them money based on the expected outcome of your bets combined at that certain point in time.
Also bear in mind – most Bookies in their T&C’s state that Cash Out may not always be available. Why it is withdrawn is a mystery (*Cough* they think they’re going to lose a lot of money), but bear that in mind too when you are weighing up cashing in or not.