We’ve all suffered the heartache of a last gasp equalizer ruining a money-spinning accumulator, but times have changed in the word of football betting. This is thanks to a new phenomenon that has taken the industry by storm, the Cash Out button.
First pioneered by Betfair in 2013, it didn’t take long for other bookmakers to follow suit and now most leading UK sportsbook operators offer cash out betting accumulators because they give punters the opportunity to lock in their profits or trim their losses without waiting for the final whistle.
There are many advantages and disadvantages when choosing whether or not to cash out, even if it does feel like a lifesaver at times. Before choosing to hit that all important button be sure to weigh up the following:
What is cash out betting?
Cash out betting is offered by bookies across a wide range of different sports and events. The option is normally made available on both singles and accumulators. Soon after the match has started the service will let you know how much you can cash out for at different stages in the game, providing your selection(s) is winning. In order to illustrate this point follow the example below:
Let’s assume that you placed a £10 wager on the home team to win during a televised match. The odds for the home team are 2/1. This means you will bag £30 if the home team win provided you see your bet out right through to the end. However, If you decide to cash out at half time when the home team are winning 1-0, you may be offered a cash out sum of around £18 meaning that if you were to take the offer you would make an immediate profit of £8 and the result of the match would become irrelevant thereafter. Taking this into account you can see why it can often feel like a lifesaver at times.
Cash out betting is mostly used when punters place an accumulator bet because of the way that multiple selections lead to higher odds. The cash out option can be exercised when the last leg of accumulator bets do not move in the punter’s favour. Typically, an accumulator refers to one single bet that comprises of at least four selections, sometimes the number of selections may be more, but all the selections have to win.
The biggest advantage of cash cash out bettng is that punters don’t not have to wait for the game to end. Cash out offers a method to hedge the risks and that’s why it’s appeal has grown. It’s unlikely that you would win 10 5-fold accumulators on the bounce but by utilizing the cash out feature you can become a winner every match day.
It is however worth remembering that you won’t be able to cash out at certain times during the match. It’s common practice for bookies to withdraw the cash out option during the last five minutes of the action or when a penalty or red card is awarded. So don’t wait around for too long – if you want to cash out, do it before that last minute goal goes in!
Cash Out Betting Sites
Below are several bookmakers that we – Accumulator Tips – recommend using for cash out:
Bet365 Cash out
Bet365 are renowned for their slick cash out feature that allows you to cash out part of your bet and let the remaining funds see out the results right until the end.
The Bet365 cash out slider is available across a wide range of sports and markets, just head over to the ‘My Bets’ section of the site that appears in the upper right hand corner (on the app) to check which of your selections are illegible. If your bet isn’t listed in the ‘Bets I can cash out’ section then you can’t cash out at that current moment, most likely because the betting has been temporarily suspended after a new price for the match outcome has been calculated following a dramatic incident such as a goal or sending off.
The amount shown on the cash out button is the winnings that will be paid into your account should you decide to stop the action; it’s also worth taking note that if you do cash out then your initial stake won’t count towards any rollover requirements for bonuses that you are attempting to clear.
The cash out function can be accessed within the bet365 app simply by navigating to the ‘My Bets’ button in the top bar or you can also go straight to bet365 here.
Paddy Power Cash Out
Paddy Power have also capitalised on this growing trend by releasing their cash out offering last year. In order to find the feature on the app, first navigate to the ‘My Account’ section at the top of the home page then click the Cash out button or go straight to the Cash Out ‘hub’.
The Paddy Power Hub is a dynamic section where you can view all your illegible cash out bets and once you’ve made up your mind simply hit the Cash Out price and the money will be credited to your account (you can find out more about withdrawing funds by reading our Paddy Power bookmaker review). Paddy Power cash out also shows you all the live betting markets so you can follow all the action minute-by-minute.
It’s important to note that you can’t use the Paddy Power cash out feature if you’re wagering a free bet and cash out bets don’t count towards the clearing of bonus money or offers. This is understandable because of the nature of the cash out offer and the way it will affect the nature of the free bet or other offers. This is a restriction often found on many other deals too.
William Hill Cash Out
William Hill’s response to the cash out betting phenomenon was to launch their own rival effort and it’s certainly one that football accumulator lovers will appreciate because currently Wills only offer the feature exclusively on football bets, applying to match betting (90 minute) markets and in-play markets. Occasionally they will open the feature to other markets but this is at the discretion of William Hill so for regular punters it’s worth just sticking to the 90 minute markets just to make sure you never miss out.
To access your William Hill cash out bets simply find then open your unsettled bets. If the bet matches the cash out criteria then you will be able to view the cash out button at the bottom of your digital slip, along with the winnings at that exact moment during the action.
Like Paddy Power, it’s worth noting that the cash out feature is not available when a free bet has been staked and likewise if you choose to cash out then those winnings will not count towards bonus deposit clearances or work in conjunction with any bonuses that William Hill may be running (i.e. acca insurance).
Cash outs are limited to £25,000 and the feature can be used online or on the app. For a limited time you can also claim an exclusive £30 free bet at William Hill.
Looking at the list above you can see there are plenty of bookies willing to give you the cash out option if you need it, and there are many times you will. If you feel like taking a risk though you can take a look at the offer and gamble on the outcome of the game. Is there a good chance that things can turn around in your favour? Holding off on the Cash Out betting may help you to win big, though that option to back out always feels like a good lifeline.
This is why the cash out feature has become so popular, especially when you feel that you haven’t placed a bet and lost everything. You don’t win the same amount as if you would have won, but to at least feel you came out with something makes for a positive move.
The most important thing to remember is that the cash out button when available on bets is there to add to the fun. This should be used in a responsible way, and of course always gamble within your means. Don’t treat the cash out as a way to escape losing money you can’t afford, because that isn’t what it is meant to be used for.
The cash out betting system is there to make watching football games and some other sports even more fun, and making gambling an even more versatile system. It is a test of your nerve and is designed to add to the buzz of big money games, all adding to the fun. This is what has made the cash out chance a popular incentive for the people betting, and proven to be a wise innovation in the world of gambling.