If you’ve ever wanted to lock in a guaranteed profit from your bet, before the match, race or other sporting event has even finished, then the cash out option is exactly what you’ve been looking for. More and more online bookmakers now offer cash out, and it’s now available on their mobile betting apps as well.
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In this detailed guide, we’ll show you the best cash out betting sites for any mobile device. We’ll also look at some of the pros and cons of cashing out a bet, and answer all your questions. So let’s get started…
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Best Betting App For Cash Out
If you already know what the cash out function does, and are simply looking for the best place to do it, then you don’t need to go any further. We can tell you right now that based on our tests and personal experience, bet365 is by far and away the best option.
#1 For Cash Out In Play
This is the best site for live betting, hands down. If you want a site that offers cash out, bet365 were found to be very fast and reliable, and it’s also available on a wide range of sports. Highly recommended.
Using the bet365 app or website you can also do a partial cash out – more details on how this works below.
They also offer a unique Auto Cash Out function. This is a superb feature which lets you decide on the amount of profit you want in advance!
You will be given the option to create an Auto Cash Out request once you have placed your bet. If the Cash Out value reaches or exceeds the threshold you have set, your bet will automatically be settled and the funds added to your balance.
If you’re still new to all this and want to find out a little more first, then read on. We’ll explain how cash out works and which other betting apps offer it.
What Is Cash Out Betting?
Cash out is a great feature which allows you to take the money from your winning bets at any time before the bet is settled. This is really useful if you’re watching a match, and you’re concerned that your team aren’t performing as well as they should.
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Or if you have an acca where the first few results have come in, and you want to take your money now, rather than risk losing your stake if one of the remaining results don’t work out.
By cashing out your bet, you can take the profit amount on offer at any time. As soon as your cash out is confirmed, your return is guaranteed and it doesn’t matter what happens from then on. You can sit back and relax, knowing that your stake has been returned to your account, and your winnings are already in the bank!
Which Betting Sites Offer Cash Out?
Remember we’ve already recommended the best app above, but if you’re looking for other options then here they are. It’s available with any of the mobile bookies listed below. Just click the link or the button to get started…
As you can see there are a number of options in terms of online betting sites that have a cash out function. To make it easier for you to choose, we’ve listed them in order of their overall rating, with the best betting sites at the top. However, sites or apps that we don’t recommend at all aren’t listed.
How To Use Cash Out On Your Mobile
Cashing in a bet is very simple. The exact process may vary slightly depending on which bookmaker or app you’re using, but the basics are the same and the button to cash out is always displayed very prominently.
The first thing you need to do is to open an account with any of the bookies listed above. Then place your bet – it can be either a single or a multiple.
You will be able to settle your bet at any time up until the bet is settled. This can be in-play, or in-between events if you have a multiple or accumulator.
Use either your iPhone or Android app, or the bookie’s mobile site, to check your open bets. Next to each one you will be able to see the cash out value. This is the amount that you can take right now to cash in your bet. Just click the button and wait for your bet settlement to be confirmed. As soon as it is, the profit is locked in and guaranteed!
There are many advantages to using this feature and providing you use it sparingly and sensibly, you could easily end up making a lot more money. The key is not to panic, and to only cash in your bet when you have analysed that there is a real risk of the result turning against you.
If you react too soon then you’re only handing profit back to the bookmaker. But if you actually watch the match and make a decision based on fact rather than emotion, then this is going to be a valuable tool for any in-play betting fan.
Should I Cash Out My Bet? Pros And Cons
Most people who enjoy sports betting do it for fun, but also because they ideally want to make a profit. One way to succeed is to have accounts at different bookmakers and shop around to get the best betting odds. But now cash out is available it gives us another way to potentially make our betting more profitable.
There are lots of reasons to use this feature, but as with anything there are pros and cons to consider. So deciding whether to cash out a bet isn’t always a straightforward decision.
Pros
- Bank a guaranteed return whatever happens.
- Sit back, relax and enjoy the rest of the match.
- Make big money from bets that would otherwise have lost.
- Stops good bets going bad if fortunes change in play.
- Still get some of your original stake back if things go wrong from the start.
Cons
- Not available at all betting sites (so choose from list above).
- Not suitable for all sporting events (eg horse racing in-play).
- If your selection goes on to win, you’re missing out on extra winnings (can be partly mitigated using partial cash out).
- When you cash out, your bet is settled at below the current “true” odds, so you’re losing some value.
Picture the scene: you’ve made a bet that is looking good. Maybe you’ve put your favourite football teams in an accumulator, or backed an in form player to win a tennis match. Then you sit back and watch the event on live streaming. Your bet is winning, but the opponent is showing signs of a comeback and you’re starting to lose your nerve.
This is the scenario when most people would look to use the cash out feature. Sometimes it can really pay dividends, and it can even turn losing bets into big winners. Pressing the button could make the difference between banking thousands or losing your bet stake.
So that’s the dilemma. Is it better to take a smaller but guaranteed amount of money now, or hold your nerve and let the bet run? There is no definitive answer to this. It depends on your personality, your risk tolerance and the specific situation.
What Is Partial Cash Out?
If you’re in a situation where you’re unsure whether to leave a bet running or take your money now, then partial cash out might be the perfect solution for you. With partial cash out, you can choose to cash out a portion of your stake, and leave the rest of the bet running at the original odds.
When you use full cash out, you’re settling your entire bet and the profit (or loss) available is guaranteed whatever happens. But partial cash out lets you split your stake. You can cash out whatever portion of your stake you like, and let the rest of it run.
This way you can often create a situation where you guarantee a small profit or at least yet your original stake back, so you can’t lose. But then you could stand to make larger returns if the result goes the way of your first bet.
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Which Betting Markets Can It Be Used On?
You’ll find cash out available on different betting markets depending on which site you’re using. We’ve made a recommended betting site above based on them having the biggest choice of cash out markets, as well as fast and effective performance.
At other cash out betting sites, the situation may vary. You’ll see the cash out button available on some sporting events, but not every sports market will be eligible. Some bookies simply can’t manage that many betting markets in-play.
The major events will almost always be covered. For example, every Premier League football match is likely to have cash out and partial cash out available at all of the best betting sites.
Cash out is also available on different bet types. For example, it’s particularly suited to acca bets.
Let’s say you’ve placed a large 10 leg accumulator, and the first 8 selections have come in. If the last two win you’d be in for a huge windfall, but maybe you’ve seen some team news in the late game that makes you less confident in your selection. This would be a perfect time to cash out and accept the healthy profit that’s on the table from your 8 winning picks so far.
There are certain bet types which are not suitable for cash out. One example is in-play horse racing. Because a horse race takes place over a very short space of time, the in-play odds move extremely fast. Therefore, by the time you’ve pressed the button to cash out, it’s likely the odds would have changed and your request couldn’t be fulfilled.
So although betting during the race is available, especially on the betting exchanges, it’s not advisable to try cash out in this way.
Most of the best betting sites do offer cash out markets in-play on many other sports though, so as long as you know what to expect it’s a great option to have.
Can I Cash Out On Free Bets?
You’re probably aware that the majority of online betting sites such as bet365, William Hill and Paddy Power all offer free bets or some other new customer offer when you sign up.
Some new customers want to know whether you can use the free bets in conjunction with cash out. The answer is that it depends on the individual betting sites’ terms.
As you’ll have seen, T & Cs apply to all free bets for new players. In the UK, these should always be displayed on the bookmaker website, below the offer details. Often the T & Cs relate to things like time limits or wagering requirements, but there can also be other restrictions on what you can actually do with the free bets – and in some cases that includes cash out (and partial cash out).
So my advise is always check the T & Cs first so you know what the rules are, and there are no surprises.
That doesn’t mean that you shouldn’t join betting sites that don’t allow you to cash out their free bets, just that you need to be aware of it.
If the best cash out site had everything you could ever want, including fast reliable auto cash out and a wide range of markets, you’d be mad to reject them just because you weren’t able to use it on free bets. Instead, it would be more sensible use them for something else and then just use cash out on bets you’ve placed with your own money.
Last Updated on December 3, 2020
Even though the names sound similar, in play betting is different than in-game betting and has much more to offer sports bettors. In-game wagering is simply wagering on a game while it’s happening. Sportsbook odds for the in-game will usually only change during a timeout or commercial break.
The subtle difference between the two betting options is that in-play wagering takes place throughout the game. Odds change after almost every play or possession throughout the game. In-play wagering is currently available for game-specific wagering opportunities. There are no individual in-play wagers available for specific player propositions. The types of in-play wagers could and should change in the future.
In Play betting odds
Like traditional pre-game odds, every sportsbook could have different in-play odds. The probability of the in-play event occurring comes from a proprietary algorithm from the sports wagering app software developer.
Each top online sportsbook adds their desired edge to the algorithm’s probability and odds are computed and offered to the customer. In-play odds may be different even if sportsbook operators use the same mobile wagering app and algorithm for their in-play odds.
This would be a lot of work and nearly impossible for individual bookmakers. Thanks to advances in technology, computers can process all of this in a matter of seconds.
How to place an in play bet
In play bets take place via mobile sports betting apps. Bettors have to be very focused on both the game and odds screen when placing in-play wagers. There may only be a few seconds when some in-play wagers are available. Depending on the sport the odds change after almost every play. If there’s a certain number available that makes sense to bet, the opportunity may only available for 10 to 20 seconds.
In-play betting isn’t for everyone. In addition to understanding what each wager is for, the bettor must be quick on the draw. This usually means that the bettor must have a mobile device turned and be logged into an account (or accounts). The accounts should be funded so a wager may be placed as soon as the numbers make sense for a bet.
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Why in play is good for bettors
In-play wagering is useful for a bettor who misses placing a bet before the games begin. Unlike in game wagering, there are multiple betting options available during the game including; point spreads, alternative point spreads, moneylines, and totals available with In Play wagering.
Since the data is updated in real time, the odds should be fair. Each sportsbook operator places an advantage into the price of the wager so some odds may be fairer than others. Much like pre-game wagering it’s wise to shop around at different sportsbook operators to see which offers the best prices for In Play wagering.
These wagering options are available throughout the game and they also allow a bettor to wager on the other side of what may be a losing wager. Additionally, bettors can play both sides of the game in an effort to “middle” the game. This would allow the bettor to have both sides of a point spread and possibly maximize a win if the final score falls in the middle of the two bets.
Why in play is exploding in the U.S.
In play betting in the United States is still getting off the ground but can become incredibly popular in time. Bettors around the world have taken to in-play wagering. According to Craig Mucklow, vice president of trading for Don Best Sports, there are more wagers are taking place during games in Europe than before the games.
However, in-play wagering still accounts for less than 20% at most Nevada sportsbooks. On the high end of in-play betting William Hill sports book director, Nick Bogdanovich told the Las Vegas Review-Journal that in-play wagering accounted for 22% of William Hill’s betting handle in 2017. There’s plenty of room to grow for one of the leaders with in-play wagering in Nevada.
In-play wagering still isn’t available from all Nevada sportsbook operators. The deployment of in-play wagering with more sportsbook operators should make this the year this form of wagering really starts to take off in Nevada.
In-play betting should see a big increase once every sportsbook operator has the technology to deploy it. The next growth spurt could come from the introduction of new wagering options.
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Pre-game player proposition bets have become more popular every year. Once player propositions become available for in-play wagering we should see another increase in the popularity of this kind of wagering.
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Overall, all types of wagering will become more popular once sports betting becomes legal across the United States. At this point, the sports leagues and TV networks should become involved with sports betting. While football and basketball might be the most popular sports to wager on during a game, the options will be limitless and could include sports such as tennis, golf, and soccer.