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What Is 'Cashing Out' In Betting?

Put simply, to cash out means that you can get money back on your bet at any time during the event you've bet on, not just when the event is over. The amount you get back depends on the point during the event which you cash out, and because of that, you may actually get less out than the money you initially laid down. Cash out is typically offered as a feature of in-play betting and is offered by all our bookmaker partners.

Let's look at an example. Let's say you've staked £5 on Arsenal to beat Chelsea in the Premier League. Going into the last 10 minutes, the score is 1-0 to Arsenal. At this point, you may be offered a cash out option. You therefore have two choices: either cash out and take the money that's currently on offer or ignore the offer and see the game out. 

The first option makes sure you settles your bet immediately and you would get some money, but that sum would be less than the sum you'd get if Arsenal get through to the full-time whistle with their lead intact. The second option would deliver more money for a win, but there is also the risk that Chelsea could steal an equaliser or even a winner, and you would lose the bet and end up with nothing. 

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How to Cash Out in Online Betting

Cashion out in your betting app is quick and easy. Simply head to your bet slip and find the bet you want to cash out, at the bottom of the bet you will see a button to cash out as well as what the current cash out value is. Once you press this button and confirm the bet will be settled at the displayed value.

There are two important things to note about cashing out. 1) Not all bet types and bets will be available for cash out. For example, cash out in football matches will be suspended at times depending on what is happening in the game like a penalty being given or someone being booked. 2) Cash out values can often be less than your total stake meaning you would still be losing money on the bet.

It may seem on the surface like there aren't many situations you would want to cash out in, but it is a useful tool that can be a huge benefit to you when betting as long as you understand the pros and cons.

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What are the Pros and Cons of Cashing Out?

There is no doubt that bookmakers benefit significantly from cash out. This is primarily for emotional reasons. 

As bettors, we are always likely to be fearful in the last few seconds of a match or during the last selection of our acca is still yet to come in when we stand to win some money. For many people, the appeal of taking cash out is that you get your winnings right there and then, removing the stress of waiting for the final part of your bet to land. You might find yourself in that situation and think that some money is better than no money, even if the bet does go on to win.

For the bookmakers, this means they can pay out less if the cash out is taken. Of course, the reverse is also true and there is a risk to bookmakers too. Early cash outs can mean that they can pay out for bets that go on to lose because events play out in a certain way. 

There are further benefits to the flexibility of cashing out, especially when it comes to simple enjoyment. The cash out option is another exciting part of betting, and it offers freedom and a chance for them to test their insight into whatever sport they're betting on.

Going into the final minutes of our hypothetical Arsenal vs Chelsea game, you might be watching the game and be certain that Arsenal have not been playing well enough to see it out or a substitution by Chelsea gives you cause for concern. Either way you could cash out because you have that keen understanding of how the last few minutes might pan out and still come away with a return.

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How Do I Get the Most Out of Cash Out?

As cash out is a form of in-play betting, it can be difficult to provide advice and best practices that work in all scenarios. It all comes down to what is happening in the event and what you feel might happen next. However, we have put together a few tips that may come in useful can be seen below. 

First, don't panic. One of the worst things you can do is simply take the cash out offer when it is made. Think about the offer for as long as you can (while it is still in place) and come to a clear conclusion as to whether it is right for you before you decide whether to take it or refuse it. Making a knee-jerk reaction could cost you money.

Second, study the event you are betting on. This means before and during it. In our hypothetical game, do Arsenal have a tendency to score late goals? Have Chelsea been known to concede late on or do they shut up shop? Are Arsenal dominating the ball and looking threatening or have Chelsea looked dangerous on the counter-attack? Understanding things like this before the game and knowing where you could find this information quickly during the game will help guide your decision.

Third and finally, trust your instincts. Everyone's an expert: from your mate down the pub to the pundit on TV, absolutely everyone has their own opinion and will not be shy about expressing it - whether you want to hear it or not. It can be helpful to listen to other people's thoughts and advice, but if you have done your homework and analysed the game in a way you are confident with, trust your own thoughts. There are few things more annoying for punters than listening to someone else and finding out they were wrong.