Best Cash Out Betting Sites May 2025

Top 10 Betting Sites with Cash Out

Star Sports

Join Here

№ 21

in bookmakers rating

£25

welcome bonus

Join Here

#ad/ 18+ New customers only. Get 50% back as a Free bet up to £25 + 25 Free spins. Free Bet will be credited within 24 hours of the race finishing & expires after 7 days. Full T&Cs apply.

Star Sports bookmaker offers customers a more interactive betting experience with its cash out feature. For the majority of bets you have more control over your bets and can secure a profit or minimise a loss. It's quick, easy to use and the cash out values are fair and updated promptly, reflecting the live market prices. For those who enjoy in-play betting, this feature is a game-changer.

Betfred

Join Here

№ 1

in bookmakers rating

£50

welcome bonus

Join Here

#ad / 18+. New customers only. Register with BETFRED50. Deposit £10+ via Debit Card and place first bet £10+ at Evens (2.0)+ on Sports within 7 days to get 3 x £10 in Sports Free Bets & 2 x £10 in Acca Free Bets within 10 hours of settlement. 7-day expiry. Eligibility & payment exclusions apply. T&Cs apply.

Betfred has an exceptional cash out feature. The cash out option is available on a variety of sports and markets, making it versatile for different betting strategies feature is user-friendly. The cash out values offered are fair and reflect the current status of your bet. Overall, the cash out feature of Betfred Bookmaker significantly enhances the betting experience.

Hollywoodbets UK

Join Here

№ 7

in bookmakers rating

£30

Join Here

#ad / 18+. Stake £10+ on each of your 1st, 2nd and 3rd bets at minimum odds of 1.5 (1/2). For any of the qualifying bets settled as a loss, you'll receive a £10 free bet. Free bets will be valid for any 3+ leg multiple - minimum odds of 3.0 (2/1). We'll credit you with 20 free spins after two qualifying bets. Free spins for John Hunter and the Book of Tut Respin. Full T&Cs apply. www.begambleaware.org

Hollywoodbets UK is relatively new bookmaker that offers UK customers a wide range of betting markets for all the major and most of the minor sports. Their live betting feature is particularly impressive, allowing users to place bets on ongoing matches and of course they also offer a cash-out feature, enabling punters to conclude their bets before the end of a game. Hollywoodbets UK also offers competitive odds and regular promotions, enhancing the overall betting experience.

QuinnBet

Join Here

№ 35

in bookmakers rating

£10 IN FB

welcome bonus

Join Here

#ad / 18+. New Customers Only. Bet £10+ on any sportsbook market at odds of evens (2.00) or greater, within 7 days of registration. Each Way bets min £10 stake on win. No cash out. Get a £10 ACCA Free Bet (3+ selections), valid for 7 days. UK 18+ T&Cs Apply. Gamble Responsibly.

QuinnBet is a reliable bookmaker that offers a wide range of betting options on almost every sport that you can think of. The site is easy to navigate and they always provide competitive odds no matter what the sport. The customer service is more than adequate with quick and helpful responses. They also have a wide range of promotions and bonuses which are Emailed to you almost every day as well as the offers which exist all the time. There are all the latest features available once you log in including of course cashing out your bets, something that can be done quickly and easily.

10Bet

Join Here

№ 5

in bookmakers rating

£50

welcome bonus

Join Here

#ad / 18+. New bettors; Code SPORT; Wager deposit & bonus 8x; Max qualifying bet stake=initial bonus; Valid 60 days; Min odds, bet and payment method exclusions apply; Full T&Cs apply. www.begambleaware.org

10Bet has long been established as a leading platform in the betting industry and as you would expect it has all of the latest features. The cash out feature offers an increased level of control to the users over their bets as it allows you to act upon your opinions of what will happen after the game has begun but before the event concludes. The cash out option is available on a wide range of sports and markets, making it versatile and user-friendly. The process is seamless, with the cash out amount clearly displayed, and the transaction is processed quickly, ensuring bettors can access their funds promptly.

Smarkets

Join Here

№ 41

in bookmakers rating

Join Here

#ad / 18+. Use code COMMFREE to trade with 0% commission for 60 days. New UK, IE & Malta users only. Min. £10/€10 first deposit only using Debit Card or Instant Banking. Full T&Cs apply. www.begambleaware.org

Smarkets is a betting exchange who launched with the aim of revolutionising betting in the UK and in order to do that they were going to be heavily reliant on cutting edge technology. Cashing out has in effect always been possible at any betting exchange as long as the event itself is turned in play, you can manually control the amounts to lay yourself. The cash out button at Smarkets simplifies things when there are multiple potential winning outcomes and gives the best value odds at the time of your submission.

Bet365

Join Here

№ 50

in bookmakers rating

£30

Join Here

#ad / 18+. Bet £10 & Get £30 in Free Bets for new customers at bet365. Min deposit requirement. Free Bets are paid as Bet Credits and are available for use upon settlement of bets to value of qualifying deposit. Min odds, bet and payment method exclusions apply. Returns exclude Bet Credits stake. Time limits and T&Cs apply. Registration required. www.gambleaware.org

Bet365 was founded in 2000 by British businesswoman Denise Coates. By 2020, the company employed more than 4,000 people. Bet365 is one of the world's most recognisable betting brands and a leader in many areas. In particular, Bet365 often researches and offers new features for its high-tech platform.

Unsurprisingly, Bet365's Cash Out betting feature is also well-represented, with numerous sports available for online betting. There are also Partial Cash Out and Auto Cash Out.

Our experts have rated Bet365's Cash Out offer as one of the best in the UK market.

William Hill

Join Here

№ 43

in bookmakers rating

£30

Join Here

#ad / 18+. Play Safe. From 00:01 on 18.10.2022. £30 bonus. New customers only. Minimum £10 stake on odds of 1/2 (1.5) or greater on sportsbook (excluding Virtual markets). Full T&Cs apply. www.begambleaware.org

William Hill is one of the UK's oldest gambling companies, founded in 1934. The headquarters are in London. William Hill is one of the leaders in the UK online betting market and around the world.

They also have a great Cash Out betting offer with over 20 sports. However, the bookmaker warns in the betting rules that this option is not guaranteed. In different situations Cash Out might not be available for certain markets. 

Obviously, all the most popular sports are available for Cash Out. Each game has its own set of markets with this feature. It is easier to say for which markets it is not available. These are Each way bets, as well as promotional markets where the company raises the odds through Enhanced Odds and Flash Odds. 

At the moment, there is no Partial Cash Out available at William Hill. The Cash Out betting site says that the bookmaker is working on introducing this feature.

William Hill's online betting site provides the most detailed information on how Cash Out works. You can find it by going to: Help - Betting Query - Cashout.

Ladbrokes

Join Here

№ 16

in bookmakers rating

£20 IN FB

welcome bonus

Join Here

#ad / 18+ New UK+IRE Customers only. Certain deposit methods & bet types excl. Min first £5 bet within 14 days of account reg at min odds 1/2 to get 4x £5 free bets. Free bets available to use on selected sportsbook markets only. Free bets valid for 7 days, stake not returned. Restrictions + T&Cs apply.

Ladbrokes is another traditional UK bookmaker. The company was established in 1886 and traded horses back then. Ladbrokes started opening betting shops after 1961 when the British government legalised the activity. 

It's now one of the world's best betting sites, and that's partly why it's also in our top list for its Cash Out betting feature. Of course, Ladbrokes provides Cash Out, and we anticipate that this option will be expanded in the future. So far, Cash Out is offered on about half of more than 40 sports, and in most cases only for win bets. Nevertheless, we recommend checking out Ladbrokes' services, because the betting site is good in many areas. In the Legalbet.uk rankings, Ladbrokes has high marks for odds, live streaming, betting apps and usability.

BoyleSports

Join Here

№ 47

in bookmakers rating

£40 IN FB

welcome bonus

Join Here

#ad / 18+. New UK customers (Excluding NI) only. £40 in FREE Bets (FB) as £30 in sports bets & a £10 casino bonus (CB). Min Deposit £10. Min stake £10. Min odds Evs. FB applied on 1st settlement of any qualifying bet. FB 7-day expiry. 1 FB offer per customer, household & IP address only. Account & Payment restrictions. 14 days to accept £10 CB, then active for 3 days. CB 5x wagering & max redeemable £100. Game restrictions apply. Cashed out/Free Bets won’t apply. 30 days to qualify. T&Cs Apply. 18+. Applies to bets placed on match betting ahead of kick off. Get paid out as a winner if your team goes 2 goals ahead even if they win, lose or draw. 90 mins only. Applies to Singles & Multiples. T&Cs apply.

As strange as it may seem at first glance, we recommend BoyleSports in the article about Cash Out. This is despite the fact that Boyle is known for horse racing betting, and that is exactly where Cash Out is not offered.

In other sports, however, Cash Out betting offers are common. Most of these offers are for win bets, but in some sports you may find Cash Out for Over/Under or other main markets. 

BoyleSports is a fairly young company by the standards of UK online betting sites. They were founded in 1982 in the Republic of Ireland. Now it has over 320 branches across the Republic of Ireland and the UK.

What Does Cash Out Mean in Betting??

Cash Out is a feature offered by some sports betting sites that allows bet settlement before the event has ended. This can be useful if you think the outcome of your bet is no longer in doubt and you want to lock in a profit, or if you are worried about the other team coming back and want to minimise your losses.

To cash out, you simply click on the button and bet settlement will be made at the current odds plus the bookmaker's margin. The amount you receive will be less than if you wait until the end of the event, but it provides a way to take control of your bets and either lock in a profit or minimise a loss.

When is it worth using Cash Out? Remember the main bettor's rule: money saved = money earned. In order for this feature to work for you, the first thing you need to pay attention to is the amount of money the online betting site is offering. Sometimes the refunds can be negligible, and Cash Out betting makes no sense. If, however, the money offered by the bookmaker is about the same as your chances of picking up the winnings at the end of the match, then it is worth considering. This applies to Cash Out for both winning and losing bets. 

Types of Cash Out

There are several different types of cash out and different bet types that they can be used on. The principle is always the same though, and no one type is better than the other.

Single Bet Cash Out

There is Cash Out for single and multiple bets. Usually a single bet is cashed out during a game, when a pre-match bet is clearly losing, and the bettor wants to save at least some of the money. 

The second scenario is better: Cash Out can also be profitable. If your team comes out ahead, the chances of them winning go up, and with it your possible winnings. Let's say you're worried that the team won't hold an advantage. In that case, you can cash out the bet while you are on the winning side and not wait for the match to be over. But you must remember that the situation can change quickly and drastically.

Actually, that's all you need to know about single bet Cash Out. Cash Out may not always be available. If this is the case, the Cash Out betting site will notify you in a very noticeable way. If you still want to cash out after this notification, wait until the bookmaker returns the function, but double-check the Cash Out value - most likely it has changed.

Multiple Bet Cash Out

Cash Out of accumulators can be more lucrative than of singles. It can be used when some events have already been played and the rest have not yet started. You'll pay the bookmaker a big margin, but you'll also get a good return. Suppose 4 of the 5 events you have chosen in an accumulator have already won, and the accumulated odds of those 4 selections are around 8. By making Cash Out, you'll multiply your stake by nearly 10 times, and you won't risk losing money on the next two events.

But before doing so, it makes sense to learn the alternatives. If the remaining events have large odds for the opposite market, it might be worth betting on it, and then you will make some money and keep your chances of winning the whole accumulator. 

Example. Suppose you make an accumulator bet of £10. The combined odds of 4 events played are 8.2. If you make Cash Out, you will win, give or take, £70, excluding the margin. If the fifth bet also wins, the combined odds will rise to 9.84 and you’ll receive £98.4. In this example, your last bet has odds of 1.2. This means that the other team's victory will be given at around 4.5. Assuming the odds match the probability, then this bet will win 5 times out of 6. If you run it, you'll get an average of (88*5 - 10)/6 = £71.6 per match. If you bet £10 on the opposing team, you will get (78*5 + 45)/6 = £72.5.

So, in the long run, by betting on the opposite market, you'll have almost a pound extra in each of these accumulators compared to no betting. And you'll win about £2 extra compared to a scenario where you would have requested Cash Out (the exact figure will depend on the bookmaker's margin).  

Partial Cash Out

Partial Cash Out is a compromise between a bet winning straight away or saving the bet and the possibility of winning it all. If you want to see the event to the end, but are not prepared to lose the whole bet, you can make Partial Cash Out.

As you can see in the example above we have bet on the draw pre-match and that was at odds of 4.5, so our £1 stake returns £4.50 with £3.50 being profit. Because it is 3-3 after 68 minutes the draw is looking more likely than it did before kick off and we could now cash out for £1.54 making 54p profit even if there is a late winning goal.

Instead of that, because we think there is a good chance Newcastle will hold on for a point, but because we do not want to lose money now having got so close, we can choose to do a partial cashout of £1 getting our stake amount back.

So having done that, we have got our £1 stake back and the new remaining bet is displayed instead, we now have potential returns of £1.49 which would be pure profit if it is a draw, but if it is not a draw we are not so sad because we already had out money back and did not lose.

This feature is ideal if you've bet the last money in your account and suddenly find an event you absolutely have to bet on right now. But the match you bet on earlier also looks promising. In that case, сash out part of the amount - this process happens almost instantly. Once the money is in your account, you can use it to place another bet.

Auto Cash Out

Auto Cash Out is still a rare feature even on the best betting sites. This option gives UK customers a chance to schedule Cash Out for a specific event. bet365 allows you to make Auto Cash Out. 

For instance, if you bet on Team A to win, and when the score is 2-1 in their favour, you set Auto Cash Out to a specific amount. This is higher than the current amount, and will gradually increase as the game gets closer to the end. That means less time for your opponent to come back. When the possible Cash Out reaches this amount, the bet is automatically cashed out.

Probably the best thing about the Auto Cash Out feature is that you can go to bed early and not have to worry about keeping your money safe. 

Accumulator Cash Outs

It is quite common for accumulator bets to have multiple selections which will finish at different times of the day, or even over several days. Sometimes if the first few legs have won and there is only one leg left rather than risking everything on this one outcome it is often possible to end the accumulator bet early, and take the cash out offer rather than gamble that the last leg also wins. Cashing out accumulator bets in this way can usually be done at any time, not just when the games themselves are in-play.

Cash Out Betting Apps

SBK Cash Out Betting App

Join Here

№ 41

in bookmakers rating

Join Here

#ad / 18+. Use code COMMFREE to trade with 0% commission for 60 days. New UK, IE & Malta users only. Min. £10/€10 first deposit only using Debit Card or Instant Banking. Full T&Cs apply. www.begambleaware.org

SBK is the name given to the Smarkets App, which acts in the same way as a traditional bookmaker when you log into your account this way. It has all the simplicity of a bookmaker but with the great odds of an exchange. You can Cash Out at anytime and always at great value and close to the true odds.

• Cash Out at anytime
• Fantastic value if you choose to Cash Out early
• No restrictions on winning players

Betfred Cash Out Betting App

Join Here

№ 1

in bookmakers rating

£50

welcome bonus

Join Here

#ad / 18+. New customers only. Register with BETFRED50. Deposit £10+ via Debit Card and place first bet £10+ at Evens (2.0)+ on Sports within 7 days to get 3 x £10 in Sports Free Bets & 2 x £10 in Acca Free Bets within 10 hours of settlement. 7-day expiry. Eligibility & payment exclusions apply. T&Cs apply.

The App is simple to use and you will notice a large number of price boosts across a range of sports straight away. This is on top their promotional Free bet offers that are available on selected races and matches. You can Cash Out at anytime the majority of bets which have been placed, and it is quick and simple to do.

• Trusted High Street brand.
• Massive range of bonuses.
• Cash Out available on most sports.

William Hill Cash Out Betting App

Join Here

№ 43

in bookmakers rating

£30

Join Here

#ad / 18+. Play Safe. From 00:01 on 18.10.2022. £30 bonus. New customers only. Minimum £10 stake on odds of 1/2 (1.5) or greater on sportsbook (excluding Virtual markets). Full T&Cs apply. www.begambleaware.org

The William Hill App is regularly updated keeping the design, the content, and the features bang up to date. They have transferred all the sports and betting markets over seamlessly and it is quick and simple to navigate to the bets you want to place. Once placed the ability to Cash Out can be found from within your “My Bets” area. From here you can Cash Out as and when you wish at the touch of a button.

Pros:

• You can Cash Out your entire stake or select the partial cash out option.
• Auto Cash Out is available to lock in the return you are after.
• Wide range of sports available to Cash Out on.

Cash Out Betting App Strategies

Have a plan and stick to it

It makes sense before any game or match or race that you have bet on commences to have some idea what could happen, and what your responses will be in each scenario. There is an advantage to running things through before the event is in-play because now you can take your time about it, things will not change again whilst you are considering your options and you can do so without the adrenaline pumping as it might be when things are happening live. 

Think to yourself, “If my team scores first early in the game, do I want to lock in some profit or remove any risk with a partial cash out now? Or… does this mean my choice is going to walk it and I should let it ride?”. It does not matter which of those you choose it is a personal decision and the odds available from the Cash Out will probably affect the decision, but whatever you decide write down on a piece of paper what you will do. Go through every scenario you can think of and for each write down what you will do. Then when the game begins you can relax or at least not have to think too much, you simply follow your plan, you already know what you have to do.

Utilise the Auto-Cash Out

This is not so much a strategy as a time saving device and it can also help when you have many bets in-play at the same time. If you think that you would like to win a certain amount or if you think that there is a chance your bet might get scuppered towards the end of normal time, then arranging to Auto-Cash Out is recommended if you do not have the time or will not be able to watch the game live and place bets yourself. By setting Auto-Cash Out you can put in your preferences and then go out for the day, safe in the knowledge that your instructions will be followed without you having to do anything more.

Additional research

Research, Research, Research, is the golden rule (or rules?) of gambling. To really have an edge you need to know not only the publically available info, or at least info that the public is using to make betting choices, but also consider things that nobody else has. This is how you can be ahead of the curve. In this case with Cash-Out betting it would pay to research not just the results but how those results came about. For example if the team you are backing has drawn five times this season and four of the five were to injury time goals then they clearly have a problem seeing games out and if the opportunity arises towards the end of the game to Cash Out or even partially Cash Out then that might be a good idea rather than letting the whole amount ride.

This is just one example, there are a whole host of other possibilities to consider but the principle rule applies, look at when key events (such as goals for or against) happen with your chosen teams and use that info to make informed choices whe the game goes “in-play”.

Our Top Cash Out Betting Tips

Think Fast

If you are going to be making further bets (which is essentially what Cashing Out is) during the game then you need to act quickly. Once you have decided to lock in a profit for example then do it straight away, by dithering there is every chance that the opposition could equalise, and the opportunity which you had has now gone.

Have a Cash Out Figure in Mind

Have some idea of the range of money you would like to win or even that you are prepared to lose. Often the loss is out of your control as the odds can change so quickly when there is a goal it overshoots your target but on some markets you may for example bet £10 on a team to win, but if at half time it is still 0-0 then you can cash out for £7 at this stage. If you had said at the start you only want to lose £3 or less on this game then now is the time to Cash Out. Why not just place a £3 bet at the start you may ask? Well because this way there is much more leverage, it could be the case that the team you back are 3-0 up at Half time. If you bet £3 you have 30% of the profit that the £10 bet is looking at.

Pros and Cons of Cashing Out

Advantages:

• Possibility of receiving guaranteed winnings without waiting for the end of the event

• Chance to save some money if a bet loses

• If there is no money left in your account, Cash Out allows you to top up your balance and bet quickly on another event 

Disadvantages:

• Re-payment of bookmaker's margin 

• This margin is higher than when placing a bet

• Not available on all betting sites, not for all markets

• Difficult to use and calculate, especially for in-play betting

• Loss of some of the vivid emotions of betting

Cash Out Markets

Most popular markets are usually available for Cash Out but it will vary slightly from bookmaker to bookmaker. The settlement of Cash Out is tied to the live odds so this is why it is offered  more often for main markets than for niche bets. Some of the main Cash Out markets that you would expect to find are:

Football

• Match Result (1X2)

• Double chance

• Correct score

• Half-Time/Full-Time

• Over/under

• Handicaps

• Both Teams to Score

Tennis

• Match winner
• Total Games
• Set Betting
• Handicap result

NFL

• Match Winner (Moneyline)
• 1st Half results
• 2nd Half results
• Winning Margin (Handicap)
• Total Points Scored

Boxing

• To Win the Fight
• Round Betting
• Method of Victory
• Total Rounds

Horse Racing

• Win Only
• Each/Way bets
• Betting Without

Cricket

• Match winner
• Total Runs in the Match
• Top Team Batsman
• Top Team Bowler

Snooker

• Match winner
• Winner with a Handicap 
• Total Frames

Golf

• Outright winner
• Top 5 Finish
• Top 10 Finish

Rugby

• Match WInner
• Winner with a Handicap
• Total points scored
• Half time result

Darts

• Match Winner
• Leg betting
• Set betting

How to Cash Out a Bet

What to Consider When Using Cash Out with Betting Sites

When you are going to use Cash Out on best betting sites, consider some things:

• The Cash Out amount offered by the bookmaker is always less than the amount that matches the real odds. The question is by how much.

• Do you bet once in a while, or do you want to win over the distance? If the latter, Cash Out will rarely be useful for you.

• You can minimise the risk in a different way: by betting on the opposite result at good odds. Consider what odds other bookies are offering if you have accounts elsewhere.

• Cash Out is made instantly, and you can use the money you get right away for another bet.

• The Cash Out icon will remain on the betting market even when all bets have been suspended. If there is no icon, it means that Cash Out is not available for that market at all.

What Bet Types Aren't For Cash Out?

Theoretically, there is no problem in extending the Cash Out function to most markets, but so far Cash Out betting sites have not done so. This is because cashing out requires additional calculations and margin requirements. Not everyone has the resources to do the extra work, and certainly no one wants to do something that doesn't pay off.

That is why you will rarely find Cash Out for small markets (small tournaments, occasional bets on statistics, etc.) This feature is mostly used for popular events that thousands of people bet on. 

This is often not available for horse racing, where in-play betting is rare. 

Also the Cash Out option will be temporarily unavailable for all markets with suspended bets. 

Cash Out In-Play

In most cases, the Cash Out feature will be useful for in-play betting. Let's say you've made a pre-match bet, and then the game doesn't go your way, and you decide to save some money.

You will often be faced with having to request Cash Out several times. Things can change very quickly during the game, especially in certain sports like tennis or volleyball. So often you will be informed that the odds have changed, which means that the Cash Out value has also changed.

Keep a close eye on this and don't blindly confirm Cash Out at the changed odds. 

So what exactly is required to make Cash Out during in-play betting?

How to Cash Out In-Play

• Open a bet slip under the "My bets" section or the section with a similar name, depending on the bookmaker

• Click on the "Cash Out" button in the bet slip. The amount you will receive for Cash Out may be written on it

• Confirm your decision

• Done. The money is credited to your sports betting account.

Cash Out Is Not Available

It is not always possible to Cash Out a bet that you have placed, and there are a number of different potential reasons why that is. The most likely cause would be that the bet you have placed does not have the ability to be traded in-play at that bookmaker, and unless a bet has odds assigned to it at the time of Cashing Out, the Cash Out will not be possible at all.

Another possible reason is that Cash Out will temporarily be unavailable during key moments in a match or a game, for example if a goal has been scored and there is a VAR review or if a penalty is being taken. During these periods the in-play odds are removed and so by default the Cash Out option is also taken away.

It is also possible that the odds are so extreme there is no value left in a bet so it can not be cashed out. For example if you have bet on a team to win a football match and they are losing 4-0 going into injury time, where as at kick off you could Cash Out because there was still a prospect of the bet winning, it would now be so likely to lose that the bookmaker would not b prepared to buy that bet back from you, and the full stake amount is lost.

When to Cash Out

To be brutally honest, in the long run, you should never Cash Out. Not if profit is your main motive for betting anyway. Each time you Cash Out the bookmaker will offer you effective odds that include their margin and therefore you will be losing value each time compared to letting it ride. If for example you are Cashing Out an Acca bet that had 5 legs win on Saturday and there is just one game left on Sunday to go, and you do not want to risk it so you Cash Out, you would have got more money by just placing a 5 leg Acca on Saturdays games. The Cash Out loses you money in the long run.

That is in the long run though, in the short run you gain from the happiness of a winning bet being locked in towards the end of a game (you win more bets by Cashing Out) and you have more enjoyment for the rest of the match anyway as you can relax a bit more.

At the end of the day there is no ideal time to Cash Out it is personal preference, you should do so when you think a bet you previously placed is actually not going to win, or when a bet you placed is winning now but you think will not be for much longer. You are not psychic though and your guess is just that, a guess. If Cashing Out makes you happier though, no matter what the situation, it is probably the right thing to do.

How to Make Profit on Cashed Out Bets

In general, it is very difficult to make a steady profit on betting. Remember that betting is entertainment, not a way of making money. 

It's difficult to make a regular profit because of the margin that the bookmaker imposes. Even if you are a good bettor, a lot of your money is 'eaten up' by margin. And when you make Cash Out, you pay the margin a second time.

Suppose you bet on a match where the margin was 5%. If you decide to cash out, you will pay at least 10% more. In total, you will give the bookmaker 15p per pound. You need to make your decisions as accurately as possible and at the right time to make money. In many cases, it will be more beneficial for you to bet on the opposite market.

However, if you want to use the Cash Out feature to your advantage, here are some tips on how to do it.

Don’t panic

If you bet on Team A to win and you see that their opponent rolls it up in the first 15 minutes of the match, you shouldn't rush to cash out the bet. The game can change. More importantly, the bookmaker offers a Cash Out value based on the current odds. At the time when team B has a big advantage, the odds on team A will be very high. Your Cash Out amount will then be ridiculously low. 

Choose the right time

Timing is most important when cashing out, as the amount will change constantly over the course of the match. Do not cash out immediately after your team has conceded or a tennis player has lost a set. At that point, the odds on your bet will be highest, and therefore the probability of the win is low, and the Cash Out value will be minimal. If you wait a few minutes, the odds may adjust slightly. 

At the same time, don't wait for a key moment during which your chances will jump. For instance, if you are already convinced that your team is going to lose, but are waiting for a dangerous free kick to be awarded, it will be in vain most of the time. When such a free kick is awarded, most Cash Out betting sites will suspend all sports betting activities until the kick is taken. This will waste valuable time, because the closer you get to the end of the match, the lower your chances of winning back, and therefore the amount of Cash Out. 

Consider Partial Cash Out

Some Cash Out betting sites have an option to cash out a part of the bet as well. If you are planning to cash out, but are not completely sure. Or you want to keep your winning chances at high odds without losing anything. Let’s say you bet on a clear underdog to win at odds of 8.0, and suddenly he comes out ahead. You want to both get your money back and keep the opportunity to win at high odds. Don't wait too long and you'll probably be able to come out on top with only Partial Cash Out. Then you'll continue to play with the remaining amount.

Why is Cash Out Suspended?

This is usually done in sync with the suspension of betting. If an important event has occurred or is about to occur in a match, the bookmaker may temporarily close all or some of the betting markets until the situation is cleared up. The calculation of the Cash Out value is linked to the live odds and therefore Cash Out will not be available at that time either.

Why is Cash Out Unavailable?

Unavailable means that no Cash Out is possible for bets on that event. Bookmakers provide this feature selectively. Small markets, bets on statistics often cannot be cashed out. The simple answer to the "why" question is because the bookmaker has decided so.

Why Do Bookmakers Offer Online Betting Cash Out?

One thing you should always remember: the bookmaker does not work to make the clients rich. Therefore, if you are offered Cash Out, the bookmaker is the first to benefit from this option.

The idea behind the bookmaker's action is simple: the one who cashes out pays him extra margin. Every time you place a bet, some of the money you can win will go to the bookmaker - this is your fee for being able to bet. You also pay for the chance to cash out before the event is over, and there the margin is usually even higher: a minimum of 10%.

So, if you cash out too often, you will almost certainly end up benefiting the bookmaker more than yourself, so don't get too carried away. Below we will tell you how to use the Cash Out feature to your maximum advantage.

When to Avoid Cashing Out?

Its better to avoid cashing out as often as possible. In the case of Cash Out, our mind is usually dominated by a psychological comfort-seeking mechanism rather than a mathematical calculation. If you have returned half of a bet that you then lost, you feel that you have saved money. Or you've cashed out when the team was winning and got the bet settlement at odds of 1.5, even though the original odds had been 4.2. Either way, you've won some money.

But that's not how the long game works. Underperforming in a favourable situation is the same as losing. If you've played poker, you can easily trace this analogy. If you have a full house on the river and you check to get an extra pot from your opponent, but he doesn't make it, you lose money on the range because you didn't get it at the opportune moment. Despite the fact that you actually took that pot. 

The same thing happens when you cash out without waiting for a full bet settlement, if the bet ends up winning.

If you are planning to cash out, consider this: is it mathematically justified, or are you just afraid of taking the risk? The second approach is likely to lead to misuse of Cash Out over time and enrich the bookmaker at your expense.

It's also worth avoiding Cash Out in completely obvious situations. In that case, you'll still be giving the bookmaker a big chunk of your bet, but you'll lose the chance of winning and possibly the thrill of the big comeback that makes punters love betting.

Cash Out Strategy

Cash Out can be used successfully for accumulator bets. Let's say you've put together an accumulator of 4 selections, three of which have already passed. Your starting odds were, let's say, 10. With the last event excluded, you are left with 3 selections with accumulated odds of 6.5. If you bet a big enough amount, you certainly don't want to lose it when you're so close to winning. You can cash out the bet, of course, not for 6.5 - some money will have to be given as margin. But usually you will get something between 5.0 and 5.5, and it will be a decent bonus to your paycheck. 

On the other hand, if you always bet the same amount, which is a small percentage of your bankroll, you are still better off watching your favourite play for odds of 1.5. After all, the winning chances are high and almost half the value of your accumulator is at stake.

Overall, it's impossible to define any "strategy" for using the Cash Out beneficially, as it's a very damaging thing over the long haul. 

It's most helpful to use Cash Out in a situation where you've either miss-clicked, or for some reason bet significantly more money than usual, and it's critical for your bankroll. In this case, you should save your bankroll.

How Is Cash Out Calculated?

It's pretty simple. As the match progresses, the odds for all betting markets, including the one you choose, change. At each moment, the bookmaker calculates how much you would have won if you had bet right this minute instead of an hour ago. From these odds the amount for Cash Out is calculated, which is then subjected to a secondary margin, and you end up with the Cash Out amount. You can learn how to calculate it yourself by relying on the odds at the time of Cash Out. By comparing that figure with the bookmaker's margin, you'll know how much margin is in Cash Out. 

Cash Out T&Cs

Some bookmakers, such as William Hill and BetVictor, provide as much detail as possible on how to use Cash Out. The others are less detailed. 

Either way, you should read the rules carefully to avoid any unpleasant surprises. 

Here are the main things to look out for. 

Availability of the selected market

Even on the best betting sites with a very good Cash Out offer, this feature is not available for all betting markets. The rules usually state which sports and markets are available for Cash Out.

Delay and price changes

The bookmaker will always tell you if there is any change in the amount of your bet at any time, even if you have already requested Cash Out. The bookmaker takes some time to make sure there is no error in the calculations, so the Cash Out value may change by the time the bookmaker is ready to cash it out for you. You will then be asked to accept the changed value. 

Participating in promotions

If you have planned to bet as part of the wagering bonus, in most cases, Cash Out will not be available. Cash Out bet usually does not count as a qualifying bet. Check the rules for this too.

Market suspended

The Cash Out betting site can temporarily stop accepting bets at any time due to an event in the game. It is also not possible to cash out during the period when bets are not accepted. 

Cash Out in Betting Apps

The features of modern mobile betting apps are almost always similar to betting sites. If the betting site offers a Cash Out function, it is likely to be available on the betting app too.

Conclusion

Since our experts are primarily in favour of entertainment in sports betting, we will not recommend that you study mathematics, probabilities and calculations thoroughly. Let's just say that a Cash Out is usually better from a psychological point of view, not a mathematical one. It may allow you to win more bets, lose less and generally act more confident. But mathematically you will often be at a disadvantage if you don't wait until the winning bet settlement. And you will rarely save a substantial amount by ordering a Cash Out for a losing bet.

In most cases, it is more beneficial to cover the first bet with a new bet on the opposite market rather than using a Cash Out option. Such actions are not illegal from bookmakers' point of view, unlike when a bettor finds an error and bets simultaneously on the opposite markets, getting a guaranteed income.

The Cash Out feature is a good thing because it adds variety to the betting experience. It can also make life easier for those UK customers who have fully accepted themselves as recreational bettors and are not bothered about a few pence. They may be too lazy to search and compare odds on other betting markets to cover or back up their bets - it's easier to cash out, returning less, but saving time and effort.

The top betting sites are… 

Here at Legalbet we have also categorised the top betting sites and their features to make them easier for you to find. They are:

By Sport: Football | Tennis | Boxing | Cricket | Snooker | Golf | UFC | Darts | Greyhound | Rugby | Horse Racing | Basketball | Baseball | Formula 1 | Ice Hockey (NHL) | Volleyball | Cycling | AFL | Netball 

By Payment Systems: PayPal | Skrill | Klarna | Debit Cards | Apple Pay | Paysafecard | Neteller | Google Pay | Prepaid Cards | Revolut

By Features: Cash Out | £5 Minimum Deposit | Minimum Bet Sizing | Live Streaming | Betting Exchanges | Safest | Fast Withdrawal | Daily Free Games | New Betting Sites | Horse Betting Apps | Football Betting Apps | Virtual Sports Betting Sites

By Events: Politics | WWE | MLB World Series | Eurovision | NRL Grand Final | Super Bowl LIX 

By Esports: CS:GO | Dota 2 | League of Legends | Valorant | CS:GO Betting Sites with Paypal

Frequently Asked Questions