Cash out betting is a relatively new concept for fixed odds bookmakers. It became popular because the process mirrors trading with an exchange bookmaker. Bettors can cash out existing bets before expiry. The objective is to guarantee a profit or limit the loss from open bets. The profitability of the bet does not depend on the final result of a sporting event. The value of the cash out depends on the stake and odds of the original bet and the odds at the time of the cash out request. Cashing out a bet gives the bettor more control because any winnings are not dependent on the final result going the way of the bet. Here are the best betting sites offering cash out betting:

£10 Free Bet & £3,000 Battle
T&Cs: New UK members only | Min. bet.: £20 at odds of 2.0+ | Free bet wagering: 1x at odds of 1.80+ | Max. bonus: £10 | Valid: 14 days | Full T&Cs apply | 18+ | BeGambleAware.org
4.5 rating
4.5
T&Cs | 18+
New Karamba members from the UK or Ireland get a £10 Free Bet after a first deposit and bet of £10 at odds of Evens. Your free bet is then available in one bet at odds of 4/5 or higher. But that’s not all! Once you’re through with your free bet, you get access to the special new bettors’ battle for additional prizes! That is if you cumulate more bets than your fellow Karamba bettors. Note that deposits via PayPal, Neteller, Paysafe or Skrill do not qualify for this offer. Be sure to read the full Terms and Conditions on the betting site.
Bet £10, Get £20
New UK members only | Min. dep.: £10 | Wagering: 1x first free bet | Odds: Evens (2.0) or bigger | Max. bonus: £20 | Valid: 7 days | Full T&Cs apply | 18+ | BeGambleAware.org
4.5 rating
4.5
T&Cs | 18+
New UK members only

1st deposit matched up to £10
Min. dep.: £10
Wagering: 1x first free bet
Odds: Evens (2.0) or bigger
Max. bonus: £20
Valid: 7 days
18+
£10 Free Bet
New UK members only | 1st deposit matched up to £10 | 1 x 1.75+ odds unlock free bet | Min Dep: £10 | PayPal/Debit Card Deposits Only | Full T&Cs apply | 18+ | BeGambleAware.org
5.0 rating
5.0
T&Cs | 18+
New members only

1st deposit matched up to £10
1 x 1.75+ odds unlock free bet
Min Dep: £10
PayPal / Debit Card Deposits Only
18+
Bet £10, Get £10
New UK players offer. Min dep: £10 | Wagering: 1x on 2+ matches in combo bet | Min total odds: 3/4 (1.75) | Eligibility: £10 bet | Cashed out bets excluded | Full T&Cs apply | 18+ | BeGambleAware.org
4.5 rating
4.5

What is cash out betting?

Cash out betting is closing a current bet to ensure a known profit or limit the loss. It is possible to cash out a bet during a live event or while an accumulator bet is still running. Pre-match bets or bets placed earlier during an in-play match can be cashed out. Bookmakers calculate the value of the cashed out bet based on the odds and stake unit for the original bet and the current odds when the bettor is considering cashing out a bet. When the match and odds move in favour of the bet, the cash out option will guarantee a known profit. When the match and odds go against the bet, the cash out option will limit and fix the odds and limit the liability.

Cash out betting is closing a current bet to ensure a known profit or limit the loss.

Bettors can also cash out multiple bets. For example, if a customer places an accumulator with four legs, there is the cash out facility if three of the selections have run or played.  Cashing out an accumulator works best when there are different starting times. There could be one outstanding match or race after the first three outcomes have gone in favour of the bet. The cash out value depends on the odds and stake unit of the original multiple and the price for the one outstanding selection. The cash out option is insurance against the final selection losing after the earlier selections have won. There is still a profit if the final selection loses.

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New Bwin UK customers activate the Bwin welcome offer with a minimum deposit of £10 and a qualifying bet of £20 on 3+ selection at odds of 2.0 (Evens) or bigger. The company credits the free bet for losing qualifying bets. However, any winnings from the Bwin welcome bonus free bet do not include the stake. Be sure to read the full Terms and Conditions on the betting site.
Sportingbet
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Sportingbet
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Are you joining Sportingbet for the first time? Then your first bet is on the house! Deposit and wager at least £10 on odds of 1/1 or higher. Keep in mind that voided or cashed out bets do not count towards this promo. Should your team let you down, you get your money back as a £10 free bet. Note that horse racing betting is excluded and that only deposits via bank transfer, dinners, eWire, InstantBank, InstantBanking, Kalixa, Maestro, Mastercard, Qiwi, Visa and Wire are eligible for the promo. Be sure to read the full Terms and Conditions in the betting site.

Cash out calculator

You can subscribe to a cash out calculator which works out the return from a winning bet, based on the stakes and odds. A cash out calculator does the work of a bookmaker by calculating the return from a cashed out bet. The accuracy of the calculation depends on the correct details in the calculator. The cash out calculator deals with Rule 4 deductions and dead heat rules. The result is available within a few seconds of the bet details being added to the calculator. The tool can deal with partial or full cash out bets. Customers must decide to cash out a bet or not after using the bet calculator and if not betting continues at the fixed odds.

Bet £10, Get £10
New UK players offer. Min dep: £10 | Wagering: 1x on 2+ matches in combo bet | Min total odds: 3/4 (1.75) | Eligibility: £10 bet | Cashed out bets excluded | Full T&Cs apply | 18+ | BeGambleAware.org
4.5/5
T&Cs | 18+

How does cash out betting work

You can cash out bets with a fixed odds bookmaker and on a betting exchange. The result is the same but the process is slightly different. Cash out betting allows the bettor to have more control.  This is because a cash out bet guarantee a profitable bet or puts a limit on the liability from a losing bet. Here is a worked example of cash out betting for the two types of bookmaker:

Fixed odds bookmaker

The back bet is £10 at 10/1 and the match goes in favour of the bet so the automatic cash out bet is £55 at Evens. The return from the back bet is £110 which is the stake (£10) and the profit (£100). The loss from the lay bet is £55 so the net profit is £45 if the bet wins.

Similarly, if the bet loses the loss from the back bet is £10 but the profit from the lay bet is £55 for a net profit of £45. The cash out procedure guarantees a profit of £45 regardless of the outcome of the match. The final outcome is now irrelevant because the bet is no longer open.

50% up to £50
T&Cs: New UK members only | Min. dep.: £15 | Wagering: 8x (bonus + deposit) | Min. odds: 4/5 singles, 2/5 accas | Max. bonus: £50 | Valid: 60 days | Full T&Cs apply | 18+ | BeGambleAware.org
4.3/5
T&Cs apply | 18+
The 10bet sign up offer allows new customers to claim up to £50 in the form of a 50% match deposit bonus. The minimum deposit is £15 and a deposit of £100 applies to claim the maximum bonus. However, there is a wagering requirement of eight times the deposit and bonus and the bonus expires after 30 days. Odds restrictions apply for the qualifying bets and bonus for this 10bet welcome offer. Be sure to read the full Terms and Conditions on the betting site.

Betting exchange

The initial bet is a back bet for £10 at 11.0 in decimal odds. If the match goes in line with the bet, it is possible to lay the same outcome at 2.00 for £55. If the final result is in line with the first bet the profit from the back bet is £100 and the loss from the lay bet is £55 for a net profit of £45.

Conversely, if the final outcome goes against the bet  the loss from the back bet is £10 but the profit from the lay bet is £55 for a net profit of £45. So, the net result is the same regardless of the final outcome. The guaranteed profit in the betting exchange is the same as the sportsbook profit.

Cash out sports and markets

The most popular sports for cash out betting are football and tennis. In both cases the match winner market is the most common for the cash out option. In a football match, if you back the home team and they score the first goal, you can cash out the bet to ensure a profit. Conversely, if the away team score first, the cash out option limits the loss.

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New Karamba members from the UK or Ireland get a £10 Free Bet after a first deposit and bet of £10 at odds of Evens. Your free bet is then available in one bet at odds of 4/5 or higher. But that’s not all! Once you’re through with your free bet, you get access to the special new bettors’ battle for additional prizes! That is if you cumulate more bets than your fellow Karamba bettors. Note that deposits via PayPal, Neteller, Paysafe or Skrill do not qualify for this offer. Be sure to read the full Terms and Conditions on the betting site.
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Should you join mr.play for the first time from the UK, you can get a £10 bet token. It is a genuine 100% match bet bonus, so you must first place a £10 bet at Evens odds to activate the token. Your free bet is then valid for 14 days. Before expiry, the token must be wagered once at odds of 1.8 (4/5) or bigger. Winnings do not include the free bet stake.
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In a tennis match if you back a player to win the match the cash out will mean a profit if the backed player scores the first set. However, if the backed player loses the first set the cash out option will control the maximum liability. In both cases, the bettor takes control of the bet by guaranteeing the profit or limiting the loss.

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Cash out FAQ

Cash out betting is a relatively new concept that is available with most sportsbooks. It allows bettors to close a current bet before the final outcome. The transaction guarantees a known profit or limits the loss. The thinking is to have some control of a bet and take a win regardless of the final outcome. You cash out a bet to provide security against a winning bet becoming a loser because of what happens in the live game. Cashing out a bet provides some flexibility when placing a sports bet.

The process is akin to trading on a betting exchange, such as Betfair. This company brings together customers who want to bet on something to happen and others who take an opposing view. Account holders can place traditional bets or play the role of the bookmaker by accepting bets.

A betting exchange is a broker of backers and layers of a sporting event. Bets can be fully matched, partially matched or not matched, if the price is not mutually agreeable. A back bet can be later layed and a lay bet can be later backed. The objective is to take the profit or restrict the loss. In effect trading on a betting exchange is the same as cash out betting.

Bettors can choose to reverse their original position to be certain of a win or know the potential loss. Cashout works along the same lines of trading on a betting exchange. However, timing is key because a change in a match score has a major impact on the odds.

Traditional fixed odds sportsbooks provide the facility to cash out a bet. It is an option that may not have been launched if betting exchanges like Betfair did not exist. The process involves the same dynamic of matching bets on a betting exchange.

Initially, bettors could only cash out bets on a limited selection of sports, leagues and markets.  The concept was popular with bookmakers and their customers. The facility has been extended to all the major betting sports, the main leagues and the markets that are suited to the process. Most UK-facing online bookmakers, such as the Betfair Sportsbook, have the feature that enhances betting on sports. Coral cashout is another example of this type of betting.

There is now a situation in which the cash out option is available with most sports. However, it is most suited to sports with a simple scoring system and fluctuating odds. For example, a goal in a football match changes the betting in most markets. The potential profit or loss from a bet changes significantly when there is a goal. You can assume most bets can be cashed out during a live football match because the odds are subject to major change.

Bookmakers indicate the cash out option in a number of ways. The Betfair Sportsbook has a cash out menu option in the match platform. Clicking this link displays the outstanding bets and a cash out box. Some bookmakers, say for Coral cashout, displays the cashout facility individually within the current bet slips. In all cases, the site clearly indicates if a bet is eligible to be cashed out.

Bets cannot be cashed out when betting has been suspended. Bookmakers take down the odds during a live match after a significant event. So if there is a goal, penalty or sending off in a football match or a break of serve in a tennis match, there are no active odds and existing bets cannot be cashed out. The latest odds appear after a short delay and bets again become eligible for cash out.

The value of any cashout depends on the stake and odds of the original bet and the odds at the time of the cash out request. Bets can be cashed out during a live match before the bet expires. The cash out calculator is not transparent but bookmakers prefer cash out than not.

Bets can be cashed out while a bet is active which can be from the start of the match until the conclusion when bets expire. Bookmakers including Betfair sport do not reveal the calculation but the result of cash out is the same financial benefit or loss regardless of the final result. The calculation guarantees a known profit or fixes the potential loss.

The saying a bird in the hand is worth two in the bush’ is apt. The bird in the hand is definite while two in the bush is open to doubt. There is no risk in the former scenario but there is in the alternative. The cash out reward is the bird in the hand.

So, the Coral cashout will be a profit if the match goes in line with the bet. If you back Manchester United to beat Liverpool the cash out value depends on the score. If Manchester United score the first goal the match odds are much lower than the odds before the match or goal. The more right the bet, the bigger the cash out value and the reward.

If Liverpool score the first goal or Manchester United are not winning during the match, their live win odds are much bigger than in the pre-match market. The cash out value will be negative because the match is not going in line with the bet. In terms of exchange betting you are backing at smaller odds than the lay odds which means a net loss.

Bookmakers like Betfair sport use a cash out calculator to determine the cash out value. They are in the business of trading odds to create a balance between stakes and payout. It is a service and the cost to the customer’s is the bookmaker’s  betting margin. Odds are compiled with a built in margin but offering enough value to generate bets. The cash out concept is an extension of the dynamic between a bookmaker and potential customer but the environment is competitive.

Cashing out a bet during a live match or from an accumulator is now a standard service which bettors expect. The trick for bookmakers is spreading their risk by offering a cash out value that is tempting. There are a number of reasons why the cash out value is so low. It is calculated to reflect the current match positions and offer enough value to entice bettors to cash out.

However, the cash out value does seem low when most matches are going in line with the bet. Probably the most famous cashout Coral dilemma was faced by small staking bettors who backed Leicester City at 5,000/1 to win the 2015/16 English Premier League. The value of the cash out seemed to be low but it was carefully determined to provide mutual benefits.

In the context of a five-team accumulator the concept is the same. Four selections could be winning but that one team that was losing ot drawing has a huge influence on the cash out value. The time left on the clock is another element. One goal changes the calculation so bookmakers have to balance trading decisions and offering a cash out that reflects the potential outcomes. This dynamic creates the cash out value which can seem low.

The starting point before making a decision to cash out is the availability of the facility. Initially, the option only applied to a limited number of bets, in terms of sports, leagues and markets. However, customers can now cash out most bets and some bets are not suited to the process. There is usually an icon next to the odds which confirms you can cash out. A small number of operators don’t offer the service so that is another detail to confirm. Cashout Coral betting is available.

The cash out value depends on the initial bet and the status of the match. One incident changes the dynamic such as a goal in football ot break of serve in tennis. Bookmakers suspend the betting after a key event in a game. The cash out option is not available when the betting has been taken down.  The latest odds appear after a short delay so bets can again be cashed out. You must confirm there is a cash out option before trying to cash out.

Timing is everything with cash out betting. Bettors must confirm they see the value in cashing out a bet to ensure a known profit or accepting the loss. It’s a guarantee against a winning bet going wrong but there is a cost which is a reduced potential win. Customers must confirm they are comfortable with this trade-off before cashing out an ongoing bet. It is a risk-reward scenario and accepting the implications is part of the process.

As the concept of cash out betting developed, bookmakers added a new element which is partial cash out. So, if the initial stake is £100, the partial out could be for £50 and the other £50 still stands. It is a compromise between full cash out and letting a bet run until the bet expires.

The amount of the bet to cash out is another element of the process and is a halfway house. However, you could cash out 90% of the bet and let the remaining 10% stand. Bookmakers, such as the Betfair Sportsbook, allow customers to partially cash out. There is a slider which bettors use to specify the partial cash out value. This element is important for cashout Coral customers.

They can see the effect of the cash out for a specified amount. Partial cash out is not possible when betting is suspended after a major incident that causes a significant change in the odds. The partial cash out value depends on the bets, match and odds status and the proportion of the stake that is being cashed out.

Partial cash out is an additional hedge against a winning bets becoming a losing bet after a key incident. A percentage of the profit is guaranteed while some of the original bet stands. The process mirrors the full cash out process but the numbers depend the amount of the bet that is cashed out.

That is the $64 million dollar question and there is no definitive answer. Timing is everything and that is part of the dilemma. A backed team could be winning by one goal deep into injury time so a win is enticingly close. However, if the opponents score there is a dramatic change in the odds and the cash out value. You can cash out until the final second but as the English football manager Brian Clough famously said ‘it only takes a second to score a goal’.

You could cash out on instinct or have clear rules about the decision. If you use instinct the outcome could go both ways, positive or negative. Maintaining clear guidelines is more scientific and potentially less frustrating. It’s a personal decision and is again linked to risk and reward. Betting in general and cash out betting is an ever-changing dynamic so the question can only be answered by the individual and that depends on several factors.

You should consider some issues when faced with the question of: when should I cash out my bet? Some of the factors are quantifiable but others are based on judgement and mentality. Here are 10 key factors that determine the best time to cash out a bet:

  • The stake and odds of the original bet.
  • The current score and odds in the live match.
  • The amount of playing time that remains in a game.
  • Potential injury time.
  • An individual’s attitude to risk.
  • Having the nature and ability to accept a wrong decision.
  • The cash out or partial cash out value.
  • Possession, attacks, corners and shots statistics.
  • The flow of the game and which team has the momentum.
  • LUCK!

There are many factors in the cash out decision making process.

Cash out betting such as Coral cashout is usually associated with live betting. A pre-match bet or bet placed earlier in a live game can be cashed out. However, you can also cash out an accumulator at any stage of the bet. However, you should be aware that cashing out an accumulator disqualifies the bet from Acca Insurance or Acca Boost. These offers are incentives to place multiple bets which must be left until expiry to make them viable for the bookmaker.

The cash out accumulator option has benefits for both parties. The bettors can spread an accumulator over a number of sports, leagues and dates and times. There is more time to consider the options and factors like team news and playing conditions enter the equation. Bookmakers have more time to consider their trading position and use a cash out calculator to forecast the results of the potential scenarios.

The cash out value of an accumulator depends on the confirmed results, the live status of the remaining matches and the number of selections left in the bet. Deciding when to cash out an accumulator involves the factors described above. You could have correctly predicted four results but the final outcome of the fifth  match in a five-fold is unknown. You can cash out or partially cash out an accumulator but timing is again key to the implications.

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