If you’ve placed a few sports bets before, you’re probably already familiar with the cash out feature. Cash out offers are made in real-time, allowing bettors to grab their cash before the end of the game. This popular addition to pre-match and in-play betting puts you in the driver’s seat – you can lock-in a profit or cut your losses in seconds! If you’re new to sports betting, or simply haven’t come across the feature before, you might be wondering how and when you can take advantage of the cash out feature. We’re here to take you through the ins and outs so you can start cashing out to land some big wins.
Cashing Out in a Nutshell
The concept of cashing out is very simple. Bettors love it as it gives them control over their returns while their bet is still in play. There are numerous scenarios we could use to highlight the functionality of this tool, so let’s take a look at a few examples to see how you can get the most out of the best cash out betting sites.
Using cash out on a single bet allows you to settle the wager before the conclusion of the event you are betting on. Let’s say you’ve placed a bet on a soccer match, for example. In this instance, your team is leading 1-0 at half time and everything’s going pretty well. A moment of madness at the start of the second half sees one of your players red-carded. Such a swing in momentum might leave you feeling unsure about the team’s ability to see the game out. With cash out, you have the option of taking the money offered by your online bookmaker, which is still likely to be in the green considering your pick is winning the match.
You can also use cash out to limit your losses during a bad day at the bookmakers. Let’s say you’ve had a wager on a tennis match, for example, and your pick drops the first set. If you think this spells bad news for your pick and can’t see a comeback, cashing out early allows you recoup some of your stake.
If all of the selections in your multiple support the cash out feature, you’ll be able to cash out on accumulators. You could easily cash out to cut your losses if a few of your selections aren’t faring so well. However, the most lucrative cash out offers come along once some of your picks have already won. If you’ve placed a 5-fold horse racing accumulator, for example, and three of your horses have won, you’ll likely be able to grab a tidy profit before the next events even kick-off. This just goes to show how cash out puts you in the driver’s seat.
Partial Cash Out Explained
A number of bookmakers allow bettors to remain in the game despite cashing out, thanks to the partial cash out feature. As the name suggests, this allows you to collect some of your winnings, while leaving a portion of your stake in-play. You’ll have a great range of partial cash out values to choose from although it does vary from betting site to betting site.
The Positives and Negatives of Cashing Out
Your Guide on how to Cash Out
Place your betIn order to cash out a bet later down the line, you’re going to have to first place a bet. Make sure the decision you make is an informed one, taking the time to look through the various markets your chosen bookmaker has available, while also doing some research into the likelihood of your bet paying off. What’s more, double-check that the bet you’re intending to place is available to cash out should you wish to do so.
Keep an eye on the actionThe best way for you to take the most money from a bet before it is settled is by keeping tabs on the event itself. By watching the event or even just tracking the live updates, you stand a better chance of picking the right moment to cash out.
Cash out your betOnce you’ve placed your bet and you’re staying up to date with the action, you can now choose to cash out your bet. Have a look at the cash out value before you do so, however, because with the option dependent on live markets, the withdrawable amount can change in an instant. Nonetheless, when you do so, the cash out value will be added to your account balance.
Cash Out Terms and Conditions
While cashing out can often be a fruitful and exciting addition to your online betting experience, the feature will often come with specific terms and conditions that will vary from site to site. It’s important that you understand what they are as they can affect how you use cash out.
Check Which Markets Have Cash Out
Not every market at every bookmaker will give you the option to settle your bet early, so it’s a good idea to check that beforehand. For some players, the ability to cash out may change betting slip selections. You wouldn’t want to place your wager on a bet that you thought was available to cash out, only to find when your side starts losing that you can’t claim anything back.
Look Out for Time Delays
The value of your cash out sum is dependent on how your chosen event unfolds. As a result, this sum can often be quite volatile. In soccer, for example, a change in scoreline, a red card or even a change in momentum can alter the value of your cash out. Due to the live nature of cash out betting, bookmakers put a time delay in place to make sure you’re given the right price when you opt to cash out. This delay is usually no longer than 10 seconds, but of course, anything could happen in this period. If the price changes, your offer will be rescinded and you will be presented with an updated cash out value.
Market suspensions are a regular occurrence when you bet in-play, and as such, it is important you understand them before you start cashing out. Markets will be temporarily suspended to account for major incidents or unfolding events, such as when a goal is scored in a hockey game or penalty has been conceded in a soccer match. As such, the option to cash out on that bet will itself be unavailable and you will have to wait for the market to settle down before you can claim any available winnings.
Keeping track of the action through live streams or live updates can help you understand when a market will next be suspended.
Cashing Out Advice
Before you cash out your bet, make sure you’ve done some research into the team or individual you’re wagering on. We all have gut feelings about our picks, but the best bets are backed up by a good understanding of how likely it is for your side to come back from a losing position, or for your fighter to recover from a knockdown, for example. While there are no guarantees, looking at previous matches is a great way to inform your decisions.
The cash out feature has undoubtedly been revolutionary to the world of online betting, giving you more control over your bet while also allowing you to win something from a losing position. But the extra funds should not be seen as an excuse to gamble more and make up for the losses you may have incurred. Betting is a form of entertainment, and while betting sites with cash out available can raise the bar of that experience, it’s important to know when to stop.
Betting tips are a great way for you to remain informed about an event, but we would always recommend doing your own research on recent form and standings before you place your wager.
Which Sports can I Cash Out on?
Cash out is available on a range of different sports with the best cash out betting sites making the feature available across a multitude of different markets. Hockey and football are the most well-known sports for cashing out, with the number of different markets available making it great to claim some winnings before the final whistle.
Boxing is another great sport for cashing out on, but due to the speed with which things can change in the ring, settling early requires careful reading of the bout. You’ll need to know exactly the moment the fight is about to change because, if you wait for your fighter to go down before you take your winnings, it may be too late for your boxing cash out bet.
Horse racing markets are another very exciting way to bet, something which is only enhanced by the ability to cash out early. Once again, it’s a very fast paced sport that requires a subtle understanding in order for you to get the most out of your wager, but horse racing cash out bets can also prove to be some of the most rewarding out there.
Other sports markets that will be available for cash out at the top online bookmakers include,
Cashing Out on the Go
Mobile betting is now more popular than ever, with the best sites offering bettors the ability to place wagers on super-sophisticated native apps. As such, it is now possible to settle your bets early using the cash out feature from wherever you are in Canada, or even the world. Should your sportsbook give you the option of cashing out, then finding the cash out value of your bet will be clearly displayed and the steps to adding the cash out value to your account balance easy to follow.
The best sites will give you a native app, which will offer you the easiest betting site cash out experience. Not only do native apps allow you to customize the interface of the app itself, but quicker loading speeds mean you can easily make the fast decisions necessary for effective cash out betting. If a bookmaker we’ve recommended doesn’t have an app, however, then you can rest assured that every one of them will at least have a fully optimized mobile site.
Bankroll Boosts when Cashing Out
While you may find the odd exception, cash out isn’t universally available for certain bets made using bonus funds. Furthermore, cashed out bets can sometimes not count towards the wagering requirement of any bonuses you’ve used, including but not exclusive to matched deposits, no deposit bonuses and free bets.
There are some sites that will allow you to use the cash out feature on bonuses, such as free bets. For a free bet, for example, you will only be able to settle your bet early when the cash out value is either equal to or higher than the value of the free bet. This isn’t the case across the board, so it’s in your best interest to check both the cash out terms and conditions as well as those of the bonus.
Types of Betting Bonuses
There are lots of different betting bonuses available for you nowadays, with the best offering you extra funds with minimal wagering requirements. Below we’ve outlined some of the key offers available to you at the top online betting sites.
When it comes to top betting bonuses, matched deposits can often be the most rewarding. Under this offer, a betting site will reward you with extra funds based on the value of your first deposit. A 50% matched deposit up to the value of $50, for example, means that your first down payment at a betting site will be matched by 50% — so $50 deposit will give you an extra $25 to play with!
Matched betting bonuses will most likely come with wagering requirements attached that will need to be followed in order for you to claim any winnings made from the offer, however. You will also need to check the terms and conditions of the bonus in case you want to cash it out at any point.
Free bets are incredibly easy to get to grips with and available at pretty much every online bookmaker. You can claim one either as a welcome bonus when you join a site, or as a reward for your loyalty if you’ve been a member for some time. A common example of the bonus would be a $10 free bet, which gives you $10 free to play with. So if you’ve had your eye on some exciting odds but you’re not entirely confident it will come through, then this promotion is a great way for you to take your chances on the bet without risking any of your own money.
These offers will of course come with wagering requirements and other terms and conditions that will need to be adhered to, so make sure you understand how to access your winnings and whether it is eligible for cashing out.
New Sites for Cashing Out
Cashing out is a feature widely accepted by many bookmakers, including some of the most exciting new names on the block, demonstrating the relevance that the feature has to the modern betting industry. But that’s not all that new bookmakers have to offer punters, with a whole range of other forward-thinking attributes also available to take advantage of.
Ready to Cash Out?
Cashing out can really help put you back in control of your own bet, making the most of your ability to read a game while also softening the blow of a bet that is likely to lose. They should never be used as a reason to chase your losses, but instead seen as a way for you to come away from a bet with a little bit more than you would have should you have waited for the loss. So check out our list of the top cash out bookmakers in Canada and get playing today!
Your Questions Answered
Can I cash out on any sport?
This depends on what site you’re betting with. Generally, most bookmakers that provide cash out as a feature will give you the option of settling your bet early on most of the sports markets available, but some will limit you to cashing out on just a handful of sports. What’s more, there are certain types of cash outs, such as cashing out on a combination of accumulators and single bets, that are limited to just a few sports by some sportsbooks.
Can I cash out on a free bet or promotion?
Free bets and promotions are a great way to get some extra funds when placing a bet, but you will often find that they are ineligible for cash out at a lot of sites. This isn’t the case across the board, however, and when a bookmaker does let you settle your bet early, then there will likely be wagering requirements to fulfil. Some sites will require your cash out value to be equal to or higher than the value of the free bet or promotion, for example. But as the ability to cash out a free bet differs from site to site, it’s always best to check the terms and conditions of a promotion before you proceed with it.
When is the best time to cash out?
You can either cash out when you feel like your bet is about to lose, or if you want to cut your losses when your bet is already losing. In order for you to pick the right moment, it’s a good idea to keep track of your bet via live updates or by watching the event itself. Some bookmakers will even allow you to live stream the event on the site itself.
Can I cash out on an accumulator?
Absolutely. Some bookmakers might not allow it so it’s definitely worth checking out the terms and conditions of that particular site. But you will generally find that accumulators are eligible for cash out meaning that you still have the chance to save your blushes on a carefully crafted selection.
What’s the difference between a cash out and a partial cash out?
A cash out and partial cash out differ on how much you withdraw from a bet when you settle it early. A regular cash out allows you to take all of your withdrawable amount from a bet; while a partial cash out gives you the ability to choose how much you want to withdraw, leaving a portion of your initial stake still in play in the bet.