In most cases, sports wagers either win or lose when the bell rings. But what if you could back out of a tight spot or secure an advantageous position before the game concludes? The Cash Out feature was specifically designed to enable you to minimise your losses or optimise your profits by allowing you to settle a bet early.
In this article, I’ll break down how Cash Out works, recommend the top 5 UK online bookies with the best cash out opportunities, and give you a few tips on how to capitalise on this feature to boost your profits.
Top 5 Best Betting Sites With Cash Out
Many UK bookmakers support the early cash out feature, and all sites have specific, often unique, rules and conditions that must be met for the feature to work. For example, you may not be able to cash out a bet where you have used your free bet credits stake. Betting sites cash out rules are clearly stated before you play, so you will have all of the relevant information.
Before diving into the details about Cash Out as a feature, I’d like to recommend a few reliable bookmakers that I believe have the most pro-player Cash Out rules.
#1. BoyleSports
BoyleSports is a highly respected, long-running UK bookmaker founded in 1989. They’re my top choice for cash out betting because they offer many early cash out promotions for singles and multiples in various sports betting categories.
For example, during the Euros Championship, BoyleSports offers two opportunities for early payouts – you can cash out when your selection is winning by 1 or 2 points at any time until the 90-minute conclusion.
If you’re into tennis, you can choose to get an early payout if your selected player gains an advantage of a single set. Early cash outs are available in golf if the player is in the lead when the 3rd round concludes. Additional cash out opportunities are available for boxing, darts, volleyball, basketball, cricket, American football, snooker, and Rugby Union events.
One of the main reasons why I like and recommend this online bookie is the site’s comprehensive betting coverage. BoyleSports offers betting on anything from football and tennis to golf, basketball, and virtual races to Gaelic sports and other niche markets. Moreover, the platform’s odds are fairly competitive and rich in colorful props.
BoyleSports may not have too many reload offers or cashback-related promos, but they do have a broad spectrum of daily specials with boosted odds on select football, tennis, greyhound, baseball, and horse racing events. Their cash out feature places them among the best online betting sites in the UK.
#2. Betfred
While BoyleSports may be an ideal choice for singles and multiples cash outs, Betfred is a great option if you’re looking to cash out more specific markets, such as acca bets or in-play betting. Betfred also have multiple betting markets with competitive odds.
To help you pinpoint matches where the cash out function is supported, Betfred includes a small indicator resembling a red circle orbiting around a smaller grey circle. Whenever you see such icons, you can rely that cash out options will be available unless the market is cancelled.
This online bookie allows you to cash out wagers placed on tennis, golf, football, and horse races, or a combination of these sports. However, the time at which you’ll see the available cash out amount may differ based on the chosen category.
For instance, cash outs for singles, multiples, and acca bets become available for preview as soon as the games start while cash outs for in-play events are displayed immediately. Singles and live betting cash outs, sadly, aren’t available for horse racing at Betfred – you can only place multiples or accumulators and check the cash out amount as soon as the first event kicks off.
Betfred is easy to like even without its early cash out features, mainly because this bookie offers numerous free bet promos. Simply joining this site will make you eligible for £50 in free bets when you wager your first £10 while additional opportunities become available throughout the week and by using the site’s bet builder tools. Back the cash out feature up with the fact Betfred also have the best odds guarantee and you really can’t go wrong with the bookie.
#3. BetVictor
BetVictor is among the oldest bookies in the current market, tracing its roots to one of the first UK greyhound race tracks founded in 1931. It rebranded to “BetVictor” after the founder’s descendant Victor Chandler in 2014 and currently stands among the most competitive modern-focused bookmakers.
Beyond its rich history, I love BetVictor for its flexible cash out rules and opportunities. This feature is available in many sports categories but is prominent in horse racing, as it supports a broad spectrum of betting options such as Patent, the “Luckies” 15, 31, and 63, Heinz, Super Heinz, Doubles, Trebles, Trixie and more.
Moreover, you can capitalise on early cash outs at BetVictor in both pre-match and in-play events. As long as the market is eligible and isn’t postponed or cancelled, you should see a blue icon of a small hand holding cash – this is the indicator that will appear next to all wagering options where cash out is currently available.
BetVictor is among the few UK bookies that allow you to use the cash out feature with bonus funds. However, there’s an additional rule that the offered cash out amount must be larger than the total wager.
When testing this online bookmaker, I realised that their sign-up deal is among the best free bet bonuses around. After wagering £10, I was credited £60 in free bets. Best of all, this bonus doesn’t have any wagering conditions, but it can only be used on games with odds of at least 2.00.
#4. Luckster Sport
Luckster Sport is an emerging online bookie launched in 2022 by Aspire Global, a trustworthy operator and owner of multiple prominent bookmaking sites, such as BetItOn, ZetBet, BZeeBet, and HighBet.
The cash out feature supported by this betting platform is slightly different from the ones I mentioned. Its rules favour low-rollers, as it supports bets of £0.10 and higher placed at events with odds of at least 1.10.
Unlike BetVictor, Luckster Sport doesn’t list eligible (or banned) sports betting categories or markets. After thoroughly examining the site’s cash out conditions, I discovered that you can utilise this feature by betting on any mainstream sports category, such as football, American football, basketball, golf, or tennis.
Even as a fresh sports betting site, Luckster Sport is making waves in the UK sports betting industry by offering extensive market coverage.
Apart from offering hundreds of markets on classic sports like basketball, hockey, and horse racing, this platform also covers a range of exotic markets, such as badminton, Gaelic football, indy racing, and surfing. Luckster is also big in e-sports, allowing you to bet on a variety of online action games like Rainbow Six and Valorant, MOBAs like Dota2 or League, and numerous virtual sports, such as e-Soccer or e-Basketball.
#5. 888Sport
My last but not least recommended online bookie is 888Sport, a sports gambling site operated by a reputable international gambling company 888 Holdings.
If you’re looking to cash out straightforward single bets, whether they’re made on pre-match or live events, 888Sport is a good choice. There aren’t almost any limitations that would hinder you in this field. The cash out feature will not list the offered price and show your estimated profits whenever available.
Cashing out accumulators is a slightly different ball game. Namely, there’s a rule that acca bets can only be combined with pre-match footballs for the early cash out feature to be available.
Apart from a solid cash out system, 888Sport also offers a multitude of free bet promotions. You can grab up to £30 in free bets by joining and playing through only £10; as for regular promos, you can claim £5 in free bets by wagering at least £20 on any Wimbledon event, or an extra £5 in free bets by wagering £20 on any accumulators.
#6. Betfred
Betfred is among one of the bets sites offering cash out, as football punters can benefit from locking in some money early before the full time whistle blows.
Betfred is one of the most reputable bookies in the UK, with over 800,000 online users. It offers excellent odds for a range of sports and the generous welcome bonus means you get £50 worth of free bets once you place a bet worth a minimum of £10. Their live streaming options are excellent, giving you the ability to watch daily world-class sporting events.
Betfred were also the first UK bookmaker to offer early cashout, when they paid out early for Man Utd to win the league in 1998 before the season finished. It has a lot of experience with cash out and offers some of the best prices we have seen compared to its competitors.
Cash Out 101: Everything You Need to Know
Cash out is a tool that will serve you well if you know how to use it. We at BettingTools.com have prepared a comprehensive guide designed to help you understand what cash out can and cannot do; when to cash out, how cash out works with single and multiple bets, cash out value, which sports it typically applies to, and more, so let’s get started.
How Does Cash Out Work?
A “Cash Out” is an offer by the bookmaker to settle a bet before the event concludes. It allows you the flexibility to reduce potential losses when a match isn’t going your way, or to exit with solid profits if your selection has met your betting goals (e.g. covered the spread).
When you choose to cash out, the bookmaker’s algorithm will analyse the current likelihood of your bet’s chances to win or lose, and an offer will be listed. Although bookies use different algorithms and formulas, the math behind cashing out typically revolves around adjusting odds.
For instance, let’s say that you placed a wager backing Team A by £5 with odds of 3.5. The game is halfway through, and your selection was lucky enough to score more points than their opponent, leading to new odds of 2.0.
If you opt to cash out, you will be given an offer based on these “new odds” instead of the initial odds. On the upside, you no longer have to worry about the final result since the only score that matters is the one present at the moment of you cashing out.
Single Cash Out
Single cash out is is the most straightforward cash out option in the betting world. Imagine you have have bet on a team to win a football and they are 2-0 ahead at half-time. However, the opposition team strike back straight after the interval. The operator, considering the fact your team is still winning, will keep your bet in the green. However, it your team is under constant pressure, you could consider cashing out your bet.
Doing this in play means you can recoup some of your stake and depending on the odds and the amount bet, can still make a nice profit regardless of the outcome.
Partial Cash Out
Lots of bookies will give you a chance to cash out a part of your bet and leave the remainder of the original selection. This is also referred to as a partial cash out and is a great way go get the best of both worlds. Some bettors opt for partial cash out because their bet is in a good position, and they want to get some guaranteed returns while the bet is still live. Alternatively, you could be in a weaker position than before and you don’t want your entire stake to go down the drain.
Partial cash out also gives you the option to free up some money in your account than you can then use on another selection. Most betting apps make it really easy to choose the amount you want to cash out, then the remainder of the stake will be settled in accordance with the outcome.
Partial cash outs work particularly well with accumulators. If you have placed a six-team acca on the football and the first five win and you are waiting on the later kick off, there is a chance to make some early returns and leave some of your stake on the sixth team.
Cash Out Eligible Sports
Each online bookie has different rules as to which sports betting categories and types support the early cash out feature. The most typical ones include tennis, golf, horse racing, and football.
BoyleSports is a bit different from other UK bookmakers, as they offer cash outs for an expanded range of sports, including boxing, darts, volleyball, basketball, cricket, American football, snooker, and the abovementioned mainstream sports.
As for eligible betting types, you can almost always use early cash out with singles unless you’re betting on horses. Acca bets are usually supported, although there are sports betting sites like 888Sports where these are only available in football games.
When to Cash Out Your Bets
Pinpointing the ideal time to tap the “Cash Out” button is a skill that can be learned and mastered. It revolves around understanding your sports teams, their strengths & weaknesses, and anticipating the unpredictable. For more help, you can see our cash out calculator for guidance.
The best way to work on this cash out “timing” is to perceive this feature as a tool for risk management. Generally, it would be optimal to cash out winning bets when you’re satisfied with the profits, or losing bets when you’re worried that the result may hurt your balance even further.
However, it is better to be proactive than reactive with early cash outs. A losing bet may end up in a draw; a winning side may score additional points. Finally, the option to cash out early may be withdrawn if you’re taking too long to decide.
What Markets Can I Cash Out On?
Some markets naturally work with cash out betting over others. Although the markets on the best cash out betting sites are diverse, you will not be able to use the cash out feature on all of them. For example, free bets and handicap bets won’t typically have a cash out option.
The most popular markets for cash out bettors include:
- Outright winner of a match
- Outright winner of a tournament
- Over/under number of goals
- Correct score
- Anytime goalscorer
- Both teams to score
Markets such as both teams to score are extremely popular as you can get really competitive odds and with the EFL, in particular, very evenly matched across the three divisions, it is rare you will find a 0-0 score line.
How is Cash Out Calculated?
Cash out calculations are determined by numerous factors, with the biggest one being the original odds of your bet and the odds at the time you decided to cash out. Essentially, the bet resets and recalculates, then considers the current likelihood of the initial bet winning. The formula for this is very complicated and can differ depending on the bookmaker you are using.
2UP Betting
2Up is a promotion that gives you the chance to get some big wins with little liability. It has grown to become one of the most popular promotions out there and fits in well with cash out.
Numerous bookmakers offer this promo and it is a great way to boost your bankroll as it is a risk-free strategy. It is also referred to as ‘early payout offers’, and works by paying your bet out as a winner if the team you backed is up by two goals, regardless of the final result. It is a really simple concept and a great opportunity when you consider how often this happens on a weekly basis in football matches around Europe.
Some bookmakers may have additional terms, such as maximum early payout. However, this typically applies to the smaller bookmakers.
Pros & Cons
The early cash out feature is a tool with several handy benefits and inherent weaknesses. Let’s address them all in the table below:
| Pros | Cons |
|---|---|
| Can be used for free | Only applicable to select games and betting types |
| Lock in your current profits or reduce your losses | Pays less than standard odds |
| Beginner-friendly risk management tool | Acts as a “crutch” if overused, hindering your ability to expand your sports knowledge |
| Many UK bookies support this feature | Each bookmaker has different rules and limitations, learning all can be time-consuming |
Conclusion
One of the best things about cash out betting is that you’re afforded more control over your wagers. However, excessive use of early cash outs takes away a good chunk of the thrill in sports betting, and you can’t truly grow as a punter if you’re constantly playing it safe.
We hope that our guide helped you learn the ins and outs of cash out betting. Use these resources to pinpoint the best cash out bookies, gamble responsibly, and good luck!
FAQs
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What does cash out stand for in online betting?The cash out is a feature that allows bettors to settle wagers before the game concludes, reaping profits or mitigating losses at adjusted odds and prices.
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What cash out types are there?Early cash out is the focus of this guide. This standard option is also called full cash out in betting. Partial cash out is available in the above bookies, too. It allows you to cash out a portion of your bet and let the rest ride. Auto cash out is the last type, where you set specific conditions that when met, your bet is automatically withdrawn.
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Is it worth cashing out early?Cash outs are tools for risk management and as such bring more value to bettors who would rather claim humble but safe profits than risk the full wagered amount.
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How are cash outs calculated?Early cash outs are calculated based on odds-adjustment formulas unique to each bookmaker. In most cases, this feature uses odds that apply at the moment of the cash out.
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When should you cash out your bet?As a rule of thumb, you should cash out when you can semi-accurately predict that the scales won’t tip in your favour. This means locking in a guaranteed profit that you are satisfied with or losses that will impact your balance the least.
