Cashout is a great feature that allows you to protect your winnings and cut your losses before an event ends.
But how does it work and where can I find it? If you plan to watch and bet on the remaining sporting events this year, this article is for you. Here we will tell you how to use cash out and which are the best cash out betting sites this month.
Top 5 cash out sports betting sites in December 2022
- William Hill
How we rated the best cash out bookmakers: our approach
We take many things into account when we review the best bookmakers each month, starting with how they welcome new customers. In other words, the welcome bonus and the following offers must be worthy of registration.
Then we compare the number of payment options available and how fast each bookmaker processes withdrawal requests.
A bookmaker may have a good selection of sports and withdrawal options, but if payment options are poor and withdrawals take too long, you may want to consider visiting other sites with better options.
Another important thing when choosing a sportsbook is the sports they favor and the number of markets available. First of all, we want to see football at the top of the list. Next, we want to see plenty of options for live tennis betting. There’s nothing wrong with a little action in the NFL once in a while, but if the Three Lions are playing, we cheer.
Focus on the best cash out betting sites
Now let’s take a closer look under the hood to see what makes the best cashout betting sites work well. This may convince you of our choices.
This is our top pick of cashout betting sites. You can choose to withdraw the money and leave yourself a stake in the game. And you can make a partial withdrawal as many times as you want while the match is still in progress.
Although partial withdrawal is not an option, you can still use this feature for both pre-event and ongoing bets. Even winning single bets, accumulators and permutation bets can cash out. This makes it an excellent bookmaker in our book.
With this phenomenal bookmaker, you have the power to make a partial or full withdrawal as long as you see the green icon on your bet slip. PaddyPower will do all the calculations for you in real time based on the current prices offered in the live market.
This is another bookmaker on our top list that doesn’t have partial withdrawals, but considering everything else, we’re willing to ignore that. In many aspects, Unibet is probably one of the best sportsbooks available to UK bettors today.
Cash-out is available on enough events to keep the stock interesting. The partial withdrawal seems to have seen better days, but we hear that William Hill is working hard to resolve this issue and we expect this feature to return in the near future.
What is a cash out bet?
The Cash Out bet is a rather innovative feature that allows you to withdraw your bet partially or entirely before the end of a match, allowing you to limit your losses and secure your winnings if the tide seems to be turning in the game. The amount you will be allowed to cash out depends on the time left until your bet is settled and other conditions set by the bookmaker.
Example of bet with withdrawal
Suppose you are watching the recent match between Argentina and Saudi Arabia in the FIFA World Cup. You bet on the victory of Argentina (and why not you?), and you start on the right foot with a goal from Lionel Messi in the 10th minute.
To take no would be silly. The bet is a winner. But then it moves. Bad defense and equalizer in the 48th minute. You can cash out now and still get something back because it looks like Saudi Arabia is taking over.
Then disaster in the 53rd minute and now it’s better to cash in and save all you can of your bet.
What is a partial withdrawal?
A partial withdrawal allows you to withdraw a percentage of your bet and leave the rest still in play, allowing you to make safer bets. The percentage of money you can withdraw can vary from bookmaker to bookmaker, so be sure to check it out before trying it out.
Example of bet with partial withdrawal
There are a few good examples of where a partial withdrawal is smart play. Let’s say your bet wins and there is still plenty of time left. There are no signs that anything will go wrong. But what if your player account is at zero and you calculate that you can still place an in-play bet and if it suits you, you are looking at a better payout than your initial bet?
In this case, it is better to make a partial withdrawal than to make a deposit. Your original bet still wins, but now you have something in the pool to bet in play.
What is Automatic Withdrawal?
Auto cashout is available at many bookmakers, allowing you to create a cashout bet on any match under certain conditions. If the withdrawal conditions are met, then your money will be immediately refunded to your account, even if you are not logged in.
The conditions for automatic withdrawal may vary depending on the bookmaker you are visiting, but generally they are linked to the value of said withdrawal and if it exceeds a predetermined value.
When to cash out your bets
The best time to cash out is when you realize your bet can’t win to protect your losses Where if your bet wins but it looks like it won’t be for very long. This way you protect your winnings. Even if you won’t get the full payout, you do at least get something.
When not to cash out your bets
If your bet wins, there is obviously no reason to cash out. Sit back and enjoy the game. You should consider changing your mind if you don’t think your bet will hold.
How to cash out your bet
Not all events will have the cash out feature available, so the first thing you need to do is look for the cash-out icon on your bet slip. This icon will be different depending on your bookmaker. Make sure you know what that looks like before placing your bets.
To cash out, you need to open your bet slip and click on the cash out button. If a partial withdrawal is allowed, you will normally have a slider to adjust the amount you wish to be returned to your account balance.
What sports can I withdraw money from?
In general, all sports and markets could technically be eligible for withdrawal. However, some bookmakers may restrict certain events and bets from this feature. Legitimate bookmakers will let you know before you place your bet if the event is supported by a withdrawal. Nevertheless, always check the rules of the withdrawal feature so that you are not caught off guard.
Common withdrawal conditions
All bookmakers have different terms and conditions for cash-out bets, so we recommend checking these at each new bookmaker you visit. Here are some of the most common terms and conditions you will find regarding withdrawals.
- Type of bet: sometimes withdrawals will be limited to specific bet types like single bets and multiple bets, so be sure to check what types of bets are allowed.
- wagering requirement: withdrawals will not be taken into account to fulfill the wagering requirements, therefore using them with bonuses is not recommended.
- Knowledge of the result: if the bookmaker discovers that you had prior knowledge of a result, the withdrawal will become null and void.
- Availablity: cash withdrawals will be only be available for certain events or sports.
Can I cash out free bets?
Free bets are usually part of a bookmaker’s promotion, so they are generally not eligible for cash withdrawals. The same goes for other types of bonuses like deposit bonuses and reloads.
Remember that you can sometimes use cashout bets and bonuses at the same time. However, withdrawals will not count towards fulfilling wagering requirements.
The Last Word on Cash Out Betting Sites
As you can see, cashout betting is a great way to manage your bankroll. You can mitigate certain risks by securing your winnings and protecting your stakes. The more control you have over your money when betting on sports, the better.
We recommend that you visit our selected bookmakers as they have excellent withdrawal options and an excellent variety of sports available for betting.
Commercial Content Notice: Taking any of the bookmaker offers featured in this article may result in payout to talkSPORT. 18+. The T&Cs apply. begambleaware.org
Remember to gamble responsibly
A responsible player is a person who:
- Set time and money limits before playing
- Only plays with money he can afford to lose
- Never chase their losses
- Don’t play if upset, angry or depressed
- Gamcare – www.gamcare.org.uk
- Gamble Aware – www.begambleaware.org
For help with a gambling problem, call the National Gambling Helpline on 0808 8020 133 or go to www.gamstop.co.uk to be banned from all UK regulated gambling websites.