Cashing Out on a bet is a saviour for a lot of people but maybe a curse for others. It is important for punters to know when the right time to cash out is and whether cashing out is an appropriate measure to take in the first place. Read our betting guide on cashout betting explained.
Cash Out Strategy
Cashing Out, the option given to you by some bookmakers on particular bets, allows you to get money back on your bet whilst it is still in-play. The numeric amount that you can get back differs depending on how likely your bet is to win.
The chances of a bet winning are constantly changing as the occasion is taking place, therefore the cash-out price is also always changing. Usually, cash-out bets are only worth debating if the total is higher than your original betting stake.
The agony can be too much sometimes for some punters who worry about a last-minute goal completely tarnishing their bets. It has been known to happen all too many times that the last kick of a game, the very last throw of a dice in many sporting events have completely turned the result on its head and stopped customers from winning a lovely sum of money.
Majority of bookmakers understand the stress and heartache that punters get from these situations and therefore offer cash-out availability, to check which bookies do this, head over to the Max Free Bets Betting Sites page and see for yourself.
Cash Out Betting Tips
To avoid any upset, regarding your cash out bets, as much as you can, it is worth finding out the cash out tips and strategies to take in order to know when the right or wrong time/situation is to cash out.
One thing to consider when debating cashing out on your bet is your mindset. The way you approach and look at your bet. Your mindset is important. Let’s take an accumulator bet for example; Let’s say that you have a 10-team accumulator, 9 teams have won, the final game is soon to be underway. The odds of the accumulator stand at 70/1, you put a £5 betting stake on.
The cash out is currently at £270, if the final result is a win for your accumulator then you walk away with £450. Which way do you look at this? Do you look at it as: “Its £270 from £5, I will walk away with that right now!” or do you look at is as “Let’s go all the way, its only £5 if I lose its not too bad, whereas if it wins I get £450!”? Well, our advice to you would be to probably go safe and take £270. Sometimes it may be worth seeing it out depending on the final game result but with odds like that, the chances are the game result isn’t a certainty.
Why not check out:
There is no right or wrong answer when it comes to making this decision, it is entirely up to the player, cashing out won’t always be the correct option as you could lose out on that extra earnings, but it is whether you are satisfied enough with the current cash-out value or whether greed will get the better of you.
A lot of punters will use statistics to navigate to a decision. Stats could be a table examining when teams are most likely to score or concede in a game, how many goals they’ve scored and conceded and their recent form against the opposition. Take these stats with a pinch of salt, they won’t determine the outcome of future results, they are just there to add to creating a reasonable decision.
Best Cash-Out Betting Sites
Long gone are the days where we would be waiting for the game to end to receive our winnings. Betting sites with cash out options have started appearing and they are becoming more common than ever before.
Not all sites offer the same cash out features, so it’s important to know the rules and guidelines of the cash out betting sites beforehand.
If you can’t get enough of cash out betting or simply want to give it a try, choose from any of our betting sites below!
Markets
It is all well and good being able to understand how cash-out works and being prepared to use it when necessary, however, cash-out is not always available. One situation where cash out sometimes isn’t eligible is if you have placed a bet on a feature that your online bookmaker cannot keep updating. For example, if you were to bet on a fixture in the Russian 3rd division, your bookmaker may not be able to process regular updates for that fixture and therefore you will not be able to cash out your bet. Instead, you will have to wait to see out the result. Other cash out markets include:
Football: Match Result, Correct Score, Both Teams to Score, Double Chance, Next Team to Score, Half Time/ Full Time, First Half/ Second Half Result, First Half Correct Score, Second Half Correct Score, Fist Half/ Second Half Double Chance, To Win and BTTS, BTTS in Both Halves, BTTS in First/ Second Half, Goal in Both Halves, Goal in First/ Second Half, Outright Markets, Number of Teams to Score.
Horse Racing: Over/ Under, Win or Each way, Fixed Handicap.
Rugby: Match Betting, Outright Betting, First Half Betting.
Darts: Match Betting.
Tennis: Match Betting, Set Winner, Set Betting.
Snooker: Match Betting.
Boxing: Fight Betting, Method of Victory.
When to Cash Out
A few factors to take into consideration when debating when the right times to cash out are:
The Final 15: The final 15 are the most worrying minutes for any football fan. This period is the “throw everything at it” period, whereby typically the losing team will give it all they’ve got in order to somehow salvage a result. Unless of course, they’re 7-0 or something ridiculous like that. If a result is heading the correct way in your accumulator with 15 mins or less still to play, then seriously consider cashing out if a result is on a knife-edge.
When the Cash Out Value is Sufficient: If you are content with the cash-out. amount, then take it. Don’t always wait in agony for the final result to come in and risk losing everything.
Taking Statistics into Account: Taking into consideration the stats of the current team that could ruin or ignite your bet, will help you make a more justified decision.
Conclusion
The ultimate decision to cash out can only come from you. It is whether you want to play safe or test your luck. Tips and strategies are there to help but they won’t guarantee that the decision you have made will be correct. But they will help you with that extra confirmation when you are really unsure what to do. Betting companies have done all they can to encourage you to use the feature, it is better to win you something than possibly nothing. In some cases, you will not lose a huge value of your bet by cashing out, it is all dependent on the value of the bets placed and the original stake. Cash Out betting is a great addition to online betting.
