What Does it Mean to Cash Out a Bet?
Have you ever found yourself seven games into an eight game accumulator where all of your results have come in so far, but you’re a little bit nervous about the final game? Or perhaps your football team is 40-38 up in the final quarter and you can’t bear to rely on their defence to hold out against another touchdown?
What if your bookmaker could offer you an opportunity to take a portion of the money and run at this point? You’d be able to get some cash in the bag and breathe a massive sigh of relief, even if that final game didn’t come in or the opposition hit a last minute field goal.
That’s exactly what cash out is. Your cash out value is a constantly changing offer from your online bookmaker to settle your bet early. It’s never going to be as high as the initial winning offer from the bet, but if the bet is all but settled, it will be very close.
Cash out hasn’t actually been around for that long. It was invented by Betfair just five years ago in 2016, and as you can imagine, it didn’t take long for the competition to incorporate their own versions of the technology into their own sites. And the rest, as they say, is history. Now, all the best bookmakers online will offer cash out to some extent.
1.
BET $20 GET $200 IN FREE BETS
Requirements (WR): 1x Deposit, Min. Deposit: $20
First deposit only | 21+ & located in VA | Promo code as seen| A qualifying bet is $20 or more | Min odds of +120 or more | Free Bet Tokens credited after bet is settled and expire after 7 days | Free Bet stakes not included in winnings | Please Gamble Responsibly - Gambling Problem? VA: CALL 1-888-532-3500 | Full T&C apply
2.
Bet $1 & Get $365 in Bonus Bets
Min. Deposit: $10
Bet $1 and Get $365 in Bonus Bets at bet365. Deposit required. Bonus Bets winnings are added to Bonus Bets balance. Bonus Bet wager excluded from returns. T&Cs, time limits and exclusions apply. Gambling Problem? Call 1-800-Gambler 21+
3.
5 x $50Bet Credits
Requirements (WR): 1x Deposit, Min. Deposit: $10
4.
100% up to $500
Requirements (WR): 1x Bonus, Min. Deposit: $10
5.
20% up to $1000
Requirements (WR): 25x Bonus, Min. Deposit: $5
How Does Cash Out Work?
It might seem like magic, but cash out actually involves a very complex set of code that constantly analyzes the likelihood of your bet coming in or not and offers you an always-fluctuating price based on that.
For example, imagine you’re doing some Formula 1 betting. Lewis Hamilton has just overtaken Max Verstappen in the dying laps of the race, and Verstappen’s tires are cooked. Now, the cash out values are going to have switched dramatically.
If you had a bet on Lewis Hamilton to win the race, the value of your cash out will have just increased tenfold. On the flip side, any bets for Verstappen are effectively off, so you might as well be taking the few cents you’re being offered right now. That’s the beauty of the cash out.
How to Find the Best Betting Sites with Cash Out
Different bookies will integrate cash out slightly differently onto their sites, and there are several more variables at play when it comes to deciding which are the best cash out betting sites. We analyze all of these closely when we decide on our favorites, and we recommend that you do the same as well! Let’s check them out.
BET $20 GET $200 IN FREE BETS
First deposit only | 21+ & located in VA | Promo code as seen| A qualifying bet is $20 or more | Min odds of +120 or more | Free Bet Tokens credited after bet is settled and expire after 7 days | Free Bet stakes not included in winnings | Please Gamble Responsibly - Gambling Problem? VA: CALL 1-888-532-3500 | Full T&C apply
How Good the Cash Out Function Actually is
Offering a cash out function is one thing, but how that bookie implements it is another. There is actually quite a large discrepancy between the quality of the cash out function from one site to another. This can be for a few reasons:
Software:
The cash out has got to be easy to use and it helps if it looks good too! We’re all about user experience, as we appreciate the satisfaction of something working how you want it to while you’re betting online. The easiest sports betting site cash out is often the most pleasant.
Availability:
You may have just seen someone take an important wicket while you’re cricket betting online or score an important goal in hockey and instantly gone to cash out, but the button says ‘Unavailable’. This can be the most frustrating thing in the world!
Speed:
Linking to that point, you’re going to want the site or app to update as quickly as possible so that the cash out becomes available again and you can withdraw your cash before something else happens in the match that upsets the odds once more.
Odds:
Speaking of those odds, it’s only fair that you’re offered the right price when you cash out. The odds when you initially put your bet down are one set of numbers, but the cash out odds can be totally different.
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The Odds for Cashing Out
A bookmaker’s cash out odds can absolutely be the difference between taking the plunge or staying put when it comes to the offer. If you’re going to get an extra 20% of your winnings for holding out a little longer, this may seem worth it.
At the end of the day, there are too many factors with cashing out to really set any kind of precedent as to when is a good time to cash out, and it’s down to personal preference as well. Some seasoned punters will never even bother with cashing out, whereas others are much more trigger-happy.
Just remember that, in most cases, a bookmaker actually wants you to cash out. The best cash out betting sites will give you a very tempting offer to cash out at all times, as it can be mutually beneficial. The bookie loses less money if the bet does end up coming in and the player gets the peace of mind of a won bet.
Something that can give a bookmaker bonus points when it comes to deciding the best betting sites with cash out is additional cash out bonuses. These are extra bonuses that can benefit the value of your cash out offer.
Here are a couple of examples of enhanced bonuses for cashing out.
2 UP:
British bookmaker SportingIndex (as well as some other sites) offers a feature where if a soccer team goes two goals into the lead, they will settle that bet as if it were a win even if the opposing team comes back to equalize or even to win the match. This bodes well for accumulator bets, as it automatically boosts the cash out offer on any accumulators where this occurs.
Enhanced odds:
A lot of bookies online will offer increased or enhanced offs for certain games, players, markets etc. for random sports. If you put a bet on one of these, the chances are that the cash out offer will be greater too. This is the case for single market, fixed odd bets or accumulators.
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Which Markets You Can Cash Out On
In a lot of cases, a bookmaker will offer tonnes of markets across a range of sports, but cash out might not be available for all of those markets. Sometimes, a bookmaker will demonstrate that cash out is or is not available for a particular bet with an icon or something to that effect, but this is not always the case.
It is unlikely for a bookmaker to hold back on offering cash out on many markets, but it can happen for one reason or another. If you find yourself unable to cash out on many markets with your bookie of choice, it might be worth thinking about moving on.
Welcome Bonuses & Rewards for Loyal Customers
Bookmakers all around the world will be constantly battling amongst each other in a bid to bring in new customers, and one way that they can one-up their competition is through welcome bonuses.
Welcome bonuses are offers presented to potential new customers as a bid to get those customers to sign up to the site. Because there is so much choice out there when it comes to cash out betting sites, you might as well enjoy some free cash or free bets for signing up.
Here are a few examples of a new customer welcome offer so that you know what to look out for. Later on, we’ll take a look at what the best cash out betting sites have to offer specifically.
- 4x $5 free bet with no deposit required.
- 100% matched deposit up to $200.
- $20 free bet when you place your first bet of $10 on odds of 1.8 or greater.
BET $20 GET $200 IN FREE BETS
First deposit only | 21+ & located in VA | Promo code as seen| A qualifying bet is $20 or more | Min odds of +120 or more | Free Bet Tokens credited after bet is settled and expire after 7 days | Free Bet stakes not included in winnings | Please Gamble Responsibly - Gambling Problem? VA: CALL 1-888-532-3500 | Full T&C apply
Additional Bonuses
On top of these welcome bonuses, you may find that a bookie will offer extended bonuses to keep their loyal customers keen. This is a great tactic as it avoids customers cashing in on their welcome bonuses and then leaving. Here are some existing customer bonuses that you might expect to see:
- Enhanced odds for particular markets at particular times.
- ‘Accumulator boosts’: enhanced odds on accumulators.
- Free bets for particular markets as part of a promotion for an event.
- Free bets or risk-free bets when you place a deposit with a promo code.
- Cash back if your bet loses on a particular market.
Site Design & Layout
We mentioned earlier that the look of the cash out tool and how easy it is to use can have a real impact on how enjoyable that tool is to use overall. But it goes further. Something to bear in mind is how good the site or mobile app is to use overall.
The most attractive bookmaker websites and mobile apps are often the best choices to play at because not only does it please the eye, but it makes using the site much easier and quicker to navigate. This can be invaluable if you are cashing out in particular, as you’re going to want time to be on your side, especially in fast-paced sports such as basketball and hockey.
This might not be so much of an issue if a bookmaker wants to create one of the best golf betting sites, for example, but even in this case, having a good design layout could prove to be invaluable.
1.
BET $20 GET $200 IN FREE BETS
Requirements (WR): 1x Deposit, Min. Deposit: $20
First deposit only | 21+ & located in VA | Promo code as seen| A qualifying bet is $20 or more | Min odds of +120 or more | Free Bet Tokens credited after bet is settled and expire after 7 days | Free Bet stakes not included in winnings | Please Gamble Responsibly - Gambling Problem? VA: CALL 1-888-532-3500 | Full T&C apply
2.
Bet $1 & Get $365 in Bonus Bets
Min. Deposit: $10
Bet $1 and Get $365 in Bonus Bets at bet365. Deposit required. Bonus Bets winnings are added to Bonus Bets balance. Bonus Bet wager excluded from returns. T&Cs, time limits and exclusions apply. Gambling Problem? Call 1-800-Gambler 21+
3.
5 x $50Bet Credits
Requirements (WR): 1x Deposit, Min. Deposit: $10
4.
100% up to $500
Requirements (WR): 1x Bonus, Min. Deposit: $10
5.
20% up to $1000
Requirements (WR): 25x Bonus, Min. Deposit: $5
The Top 5 Best Cash Out Betting Sites in 2023
So, we’ve taken a look at what it actually means to become one of the best betting sites with cash out, but who actually is the best bookmaker for cash out? It’s impossible to give one single answer to this question, but we’ve compiled our top five for the time being.
This list is, of course, subject to change at any time as welcome bonuses are constantly changing, new names are being introduced to the betting scene at any time and bookies are constantly updating their sites which could mean better cash out versatility. However, these could be good places to get started while you’re looking for betting sites with cash out in 2023.
Betfair
It seems only fair that we start with the place where it all came from. Betfair, the company that invented the cash out, was formed back in 1999 and is currently based out of the UK and Ireland.
As they invented the cash out, it kind of goes without saying that their cash out function is one of the best going. That’s because they’ve had the longest time to perfect it since creating it for the first time back in 2016!
Let’s take a look at some of the real talking points when it comes to Betfair.
- Where can I bet on Betfair? In the US, players from the states of Nevada, Delaware and New Jersey are able to use Betfair. We’re hoping they branch out to more states soon!
- What welcome bonus can I get at Betfair in the US? If you’re lucky enough to be in one of those states, you can get an awesome $200 risk free bet when you sign up. This means that you’ll get your money back in the form of bonus funds if your bet loses, or you’ll get your whole stake back as cash plus the winnings if it comes in.
- Are there any sports that I cannot cash out on with Betfair? It looks like Betfair offers cash out on all of their sports. It might not be possible for every single market, but it’s fair to say that the Betfair cash out option is fairly comprehensive.
BET $20 GET $200 IN FREE BETS
First deposit only | 21+ & located in VA | Promo code as seen| A qualifying bet is $20 or more | Min odds of +120 or more | Free Bet Tokens credited after bet is settled and expire after 7 days | Free Bet stakes not included in winnings | Please Gamble Responsibly - Gambling Problem? VA: CALL 1-888-532-3500 | Full T&C apply
Bet365
One of the biggest names in online sports betting worldwide, Bet365 also has some of the richest history. They were formed in northern England all the way back in 1974, and during their 46 years as a company they have set their sites for world domination.
Unfortunately, it hasn’t been such an easy ride in the USA for Bet365. Initially, they were able to operate in Colorado, New York and New Jersey. As of April 2021, however, Bet365 only has the correct licensing to do business in New Jersey.
Still, New Jersey is a big market and Bet365 operates in most of Europe. We just hope that they can take back New York and Colorado, and maybe some more states along the way. But what’s so great about them?
- What does cashing out at Bet365 look like? Betting at Bet365 is a very enjoyable experience thanks to some awesome graphics for their in-play sports. You can see in real time what’s happening in a match, and in some games, you can even live stream. This goes hand in hand with cash out betting as the whole live element is really brought to life.
- Are there any bonuses for players in New Jersey? New Jersey is a massive market for online sports bookmakers and there is a huge amount of competition there. Bet365 obviously realise this as they have gone in flat out with their welcome bonus: it’s a 100% matched deposit up to $500!
- What are the best sports to cash out on at Bet365? Because Bet365 is based in the UK, it might be easy to assume that they specialize in UK sports such as soccer and rugby. But this is actually not the case. Bet365 are experts in US-based sports such as basketball, football and hockey as well. Why not check them out if you don’t believe us?
Visit Site First deposit only | 21+ & located in VA | Promo code as seen| A qualifying bet is $20 or more | Min odds of +120 or more | Free Bet Tokens credited after bet is settled and expire after 7 days | Free Bet stakes not included in winnings | Please Gamble Responsibly - Gambling Problem? VA: CALL 1-888-532-3500 | Full T&C apply
Visit Site Bet $1 and Get $365 in Bonus Bets at bet365. Deposit required. Bonus Bets winnings are added to Bonus Bets balance. Bonus Bet wager excluded from returns. T&Cs, time limits and exclusions apply. Gambling Problem? Call 1-800-Gambler 21+
Betfred
Taking a step even further back in history, now: Betfred was formed in the UK all the way back in 1967. Fred himself is still involved with the company and is quite the ambassador for betting for sports. He may also have had a hand in bringing the company to the USA.
Let’s find out a little more about this very historic organization:
- Which US states can I bet with Betfred in? Nope, it’s not New Jersey for a change. Actually, we’re switching things up completely right now and opening the door to Colorado, Pennsylvania and Iowa. If you are in any of those states, you are in luck, as Betfred is legal to use there.
- How do I cash out at Betfred? Like all the best cash out betting sites, cashing out at Betfred is super easy. All you need to do is head over to your open bets and press the Cash Out button wherever you see it. Just make sure that the price is right!
- What are the odds like at Betfred? Betfred wouldn’t have been in the game as long as it has been if it did not have competitive odds, and competitive odds it certainly does have. We compared the Betfred odds to their biggest competitors and found that they hold out.
Last Thoughts on Sports Betting Cash Out
Throughout this article, we’ve taken a look at the criteria that betting sites with cash out need to fulfill in order to become one of the best, and we’ve given some examples that you could use right now to get yourself up and running with your new favourite bookmaker.
But, at the end of the day, it’s all about personal taste. Any recommendations we have provided today should only be used as guidelines. It’s super important to be clued up on betting if you are going to get involved with it, especially as your money is involved, but it’s not all black and white!
The bottom line is to have fun, stay safe and play within your means. If you can do that, then we hope you enjoy your new cash out bookmaker!
BET $20 GET $200 IN FREE BETS
First deposit only | 21+ & located in VA | Promo code as seen| A qualifying bet is $20 or more | Min odds of +120 or more | Free Bet Tokens credited after bet is settled and expire after 7 days | Free Bet stakes not included in winnings | Please Gamble Responsibly - Gambling Problem? VA: CALL 1-888-532-3500 | Full T&C apply
Cash Out Betting Sites FAQ
Players who are a little tight for time can skim over our FAQ session right now for some of the key facts when it comes to betting sites with cash out, but remember to come back later on to read the full article. There is a tonne of useful information in there that could prove invaluable!
⚽Which sports can I cash out on?
If you’re liking the sound of checking out the cash out function of a bookmaker online but you’re not sure which sport to put your money on, we’re pretty confident in being able to say that most bookmakers will offer cash out on most of their sports. So, go with your heart! If you’re a basketball fan, why not cash out on your favourite team to win? Love tennis? Cash out on your favourite player to win the US Open.
Also, football fans can take a look at the best football betting sites. The chances are that the majority of these will offer a pretty decent cash out function!
🤩Is there a definitive best bookie for cashing out right now?
2023 has seen as much competition as ever been bookmakers, with all kinds of crazy welcome bonuses, top odds and beautiful websites existing on the market. Because of that, it’s hard to pin down a single company as the ‘best’, but we’ve given a few of our favorites earlier on. Plus, we’ve provided what we feel are the frameworks to find a bookie for cashing out of your own if you wish.
🥇At what point should I press the cash out button?
Some users prefer to hit the cash out button as soon as they get even halfway to their win total, whereas others will not touch it with a barge pole. There is a sweet spot, but it varies from person to person. We’re sure that you will find yours with a bit of practice!
