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.
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…
Best Cash Out Betting Sites 2024
If you already know what the cashout 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 one of the best betting sites for cash out you’ll find.
#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 that lets you decide on the amount of profit you want in advance!
You will be given the option to create an Auto CashOut 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?
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 doesn’t work out.
You can take the cash out amount on offer at any time. As soon as your cashout 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 Options?
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 with cash out. 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, gambling sites or apps that we don’t recommend at all aren’t listed.
How To Use The Cash Out Feature On A Betting App
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 cashout 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 a 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 analyzed 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 cashout 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 it 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 online sports betting sites (so choose from the 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. So it’s a gamble, but that’s the name of the game!
- When you decide to 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 favorite football teams in a parlay 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 finding online sportsbooks that offer full and partial cash out might be the perfect solution for you.
If you don’t want to cash out your entire bet, you can instead choose to redeem a portion of your stake and leave the rest of the bet running at the original odds.
So what’s the difference?
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 gives you the opportunity to split your stake. You can redeem 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 get 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.
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 markets, as well as fast and effective performance.
At other cash out 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 soccer or NFL football bet is likely to have the cash out betting option available.
Cash out is also available on different types of bet. For example, it’s particularly suited to parlay (accumulator) bets.
Let’s say you’ve placed a large 10-leg parlay, 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 accept the healthy profit that’s on the table from your 8 winning picks so far.
There are certain bet types that are not suitable though. 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, 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 cashout in this way.
Most of the top 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.
What’s the Best Time to Cash Out?
It’s impossible to say what the absolute best time is without the benefit of hindsight (which is something every gambler would love but none of us have). However, there are some general situations when it might be a good idea to use the cash out option. These include:
- When you are happy with the amount of profit your wager has already made and want to relax and enjoy the rest of the game.
- Your bet is winning but you feel the game is about to change and it could go against you.
- Your bet is losing and you see no chance of things turning round, so you want to recoup some of your initial wager.
- If a spread bet is going against you and you stand to lose a significant amount if you let your bet run.
You might consider these when deciding on a new betting strategy.
Can I Cash Out Live In-Play Bets?
Yes, it is usually possible to cash out on a live bet that you have placed in play. Any restrictions are normally around when the bet can be redeemed, not when it has been placed.
So in theory, you could end up with a bet that has only been live for a few minutes before you decide to cash it in.
This might be useful, for example, if you feel a football team is about to score a touchdown or turn over possession. Situations like this can cause the overall match odds lines on the bet slip to change. Some people like to gamble on these things happening and then lock in a profit if they do.
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.
So my advice 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 in their free bets, just that you need to be aware of it.
If an online sportsbook had everything else you could ever want, you’d be mad to reject them just because you weren’t able to use cash out on free bets. Instead, it would be more sensible to use them for something else and then just use the cash out offer on bets you’ve placed with your own money.
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Last Updated on August 5, 2023