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Bookmaker cash out feature explained

17 February 2015 gives you all the info (click here) is all about free betting and free betting tips, and in this guide we explain why Albion fans should consider getting to understand the Cash Out option that is increasingly available from online bookmakers.

What Is Cash Out?

Cash Out is a feature originating from betting exchanges which has become popular on internet betting sites and mobile betting apps. It gives punters more control over their bets and allows them to take a return from their bet before the event has finished.

Bookies have Cash Out (or Cash In) options for Football, Tennis, Horse Racing, Cricket and Basketball. It’s particularly useful in football betting as their options Cash Out pre-match on accumulator bets and In-Play while the drama unfolds before you.

Imagine you’re sitting in a winning position at half-time and they game is swinging from end to end, wouldn’t it be great if you could just press a button and say to your bookie, “Pay me now!”  Well now you can. Although you can’t expect the full returns you’d receive by seeing the game through to the end.

Want to try bet365 Cash Out? Click here to sign up to bet365.

How Does Cash Out Work?

Bookmakers allow you to keep track of your bets online or on mobile. Place a bet on an eligible market and you’ll have the option to request a Cash Out from the relevant section of your betting slip.

The amount you’ll be offered will depend on how your team is performing and could be lower than your original stake if your bet is looking bad or considerably higher if it is in a winning position. This gives the option to minimise any potential loss or take a profit while your selection is doing well.

There is a small time delay in accepting Cash Out requests to allow for price changes or market suspensions. So if you are watching a penalty kick with finger poised over the Cash Out button, don’t be surprised when your request is denied.

Which Bookmaker Provide A Cash Out Option?

Most online bookmakers now provide the option to Cash Out. The feature lends itself well to mobile betting and the best bookmakers have the option integrated into their mobile apps. Betfair will take credit as the forerunners if Cash Out and Albion betting partner bet365 provides the feature for its customers. 

We like the Sky Bet Tracker which has built in football stats right alongside the current Cash Out offer. It’s a brilliant feature that makes the Sky Bet app a must have for football punters and the great news for new customers, is a £20 free bet for opening an account and placing a £5 bet.

Not a Sky Bet customer? Click here to join.

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