Cash Out Bets
Meaning of Cash Out Bets
Have you ever asked yourself what the cash out option at online betting sites represents? Cash out is a nifty feature which allows you to collect winnings before the match you’re betting on is over. Of course, you won’t get the full return – depending on how the match progresses, the bookie will offer winnings greater or less than the original stake.
Cash outs are a great way of minimizing your losses or protecting your winnings. The actual odds offered for cash outs are dependent on the current live odds for the match and on the greater likelihood of your bet winning. By using cash outs more often, you will be able to raise your winnings without actually depositing money to your account.
How Do Cash Out Work?
Imagine betting on a match between England and France. You’re placing a £10 on the Three Lions at 6/5, with a potential return of £22. England starts the match and scores a goal – while they’re still in the lead, the bookie will offer a return depending on the current live prices. The return will be smaller than the potential winnings, but you’ll still get the chance to earn some money. You can also choose to skip cash out and wait until the end of the game – if England wins, you’ll have £22 in your pocket.
If Italy leads in the same situation, the bookmaker will offer you a cash out that’s smaller than your original stake. Sure, no one likes losing, but you’ll at least cover a part of your stake. In this way, you’re essentially controlling your losses by getting something in return.
As the outcome of the match changes, the bookie will either increase, reduce or remove the option altogether.
What is Partial Cash Out?
As the name clearly suggests, partial cash out is an option offered by some bookmakers that lets you cash out a portion of your stake and keep the remaining in play. It’s a great feature which will minimize your losses a bit but still comes with a risk, which is why serious punters love it.
Of course, the feature comes with some limitations. When using it, the minimum amount allowed to be collected is 10%. For example, you can partially cash out £5 of a bet with a value of £50 and leave the remaining funds in play. This will give you a chance to earn some money when the match ends, making you a winner.
Online betting sites usually use a slider for partial cash outs which helps you adjust the amount you want to get. Players can use the partial cash out option as many times as they want as long as the remaining stake stays above the minimum (10p). All cash outs and partial cash out bets are ended 5 minutes before the event finishes, so if you’ve been offered a nice deal, we suggest running with it.
Betting Sites Offering Cash Out Option:
With operations in more than 90 countries around the world, 10Bet is one of the most dominating global bookies. Featuring almost any sport you can think of and a variety of markets, 10Bet offers great odds and features that will please any punter.
10Bet is one of the bookies that offer both partial and full cash outs. Join today and start punting – as soon as your bet slip is eligible for a cash out, you’ll see a tiny slider next to it which means it qualifies for partial cash out. Click the slider and you can select the amount to cash out and leave in play.
The offer is subject to 10Bet’s T&Cs which state that it’s not available for Tricast horse racing bets and system bets as well.
LeoVegas’ vision is to become the top brand in the gaming industry. The casino was established in 2012 and launched its own sportsbook platform in 2016. LeoVegas is trying hard to bring itself closer to the leaders in the industry and is doing great so far.
This relatively young bookmaker offers great bonuses and odds as well as the full cash out feature. It is offered on specific singles with odds that change throughout the course of the event. To use the feature, you must choose it from the Open Bets section while your bet slip is active.
The feature comes with a few restrictions. LeoVegas’ Terms and Conditions state that it’s available in pre-match, live play, single and multiple bets and that it can’t be used on free bets.
Exploding on the online betting scene in 2016, LV BET has grown to become one of the best bookmakers in Europe, especially Poland. Offering a wide range of sports punters can bet on and countless markets, LV BET is quickly growing into one of the best European bookies.
Besides the great deals and promotions, LV BET also offers the cash out feature in its sportsbook offer. Whenever the red cash out feature appears under My Bets, you can fully cash out. The odds will change depending on the course of the game or games, so we suggest cashing out whenever you’re satisfied with the offer.
LV BET allows cash outs for single and combi bets on live play or prematches. It can be used on other bets as well but must be activated under a set of requirements.
Genting Bet is part of the Genting Group, one of the most successful casino providers in Asia. The bookie was launched only this year but is already gaining quite the attention. Thanks to the wide selection of sports and the competitive odds, we’re sure it’s only a matter of time before Genting Bet becomes an industry giant.
Genting Bet offers the cash out option on football, tennis, and horse racing only. When you’re ready to place a bet, look for the tiny circular red logo. Place your bet and wait for the event to start – as soon as it does, you can view the offer in the cash out section.
The Genting cash out feature isn’t available for free bets and once you use it, you won’t be able to qualify for particular promotions.
Cash out is one of the factors that makes sports betting such a thrill. It’s primarily used as a way to secure profits without waiting for a match to end. There are many situations when your favourite is doing horribly in a match – in that case, cashing out early is your best option.
The only disadvantage of cash out is that you’re not getting the full potential return. This can lead to disappointment over time as you’re essentially denying yourself the possibility of celebrating a big win.
The option has been a real hit with punters and we think it’s here to stay. Further development may lead to even better cash outs which will surely put a smile on the faces of punters.