Betting Sites With Cash Out

By Ben Miles & others on
Want to take full control of your sports bets? We’ve picked out a number of cash out betting sites in New Zealand that are giving you the chance to win big on losing wagers! All you need to do is compare, sign up and cash out with impeccable timing.
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1. 22bet

Reviewed & verified by our team

"22bet offers punters hundreds of match markets on soccer matches and other global sports events; and competitive odds across the board."
18+. Full T&Cs apply. Please gamble responsibly.
2. 888 Sport

Reviewed & verified by our team

"Snap up a host of offers to enhance your punting pleasure and bet on rugby, cricket, and dozens of other sports on your mobile or PC with 888sport. "
18+. Full T&Cs apply. Please gamble responsibly.
3. Bet Regal

Reviewed & verified by our team

"Promising new betting operator looking to make its mark in New Zealand - brings a wide range of sports and betting options, plus top prices of major events."
18+. Full T&Cs apply. Please gamble responsibly.
4. Leo Vegas

Reviewed & verified by our team

"Jump from the first-class casino over to LeoVegas Sports for a mobile-first betting experience. Grab your Leo Boosts and enhance your payouts on your winning punts. "
18+. Full T&Cs apply. Please gamble responsibly.
5. Spin Sports

Reviewed & verified by our team

"International sportsbook design for the modern bettor. Offers a range of features, tools and promotions to add more value to your betting."
18+. Full T&Cs apply. Please gamble responsibly.
6. Unibet

Reviewed & verified by our team

"One of the best bookies for local and international horse racing, Unibet is a favoutire site for many punters. "
18+. Full T&Cs apply. Please gamble responsibly.
8. Betway Sports

Reviewed & verified by our team

"Betway is among the top online betting companies out there. It offers 1000s of markets and some mouth-watering promotions, including its popular free bet club."
18+. Full T&Cs apply. Please gamble responsibly.

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 punters 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.

Everything you need to know about the cash out betting tool

How does cash out work?

The concept of cashing out is very simple. Punters 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.

  • A single bet: using cash out on a single bet allows you settle the wager before the conclusion of the event you are betting on. Let’s say you’ve placed a bet on the rugby, for example. In this instance, your team is leading at half time and everything’s going pretty well. But then things take a bad turn for your team in the second half . Such a swing in momentum might leave you feeling unsure about their ability to see the game out. With cash out, you have the option of taking the money offered by your bookie, 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 bookies. Let’s say you’ve had a punt 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.

  • Multiples: If all of the selections in your multiple support the cash out feature, you’ll be able to cash out on doubles, trebles and beyond! 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 seat.

Partial Cash Out

A number of bookies allow punters 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, depending on the bookie.

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Pros

  • There's always the chance that you could get one over on the bookmaker and land a profit on what turns out to be a losing bet
  • Your cashed out winnings are usually available shortly after the bet has been settled, so you'll be able to withdraw them as instantly using e-wallets like PayPal
  • Cash out is an overwhelmingly popular betting feature so you'll find it available at a lot of betting sites
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Cons

  • The cash out value offered by the bookmaker is almost always less than the actual potential winnings should the wager win
  • Developing events in a game or race can lead to the suspension of your bet

Why do bookies offer cash out?

Betfair is widely credited with the invention of the cash out tool for use on its betting exchange. Yet due to the overwhelming popularity of this feature, traditional bookies soon followed suit.

Whilst there are obvious benefits for punters, it’s also a potentially profitable tool for the bookmaker as well. As you’d expect, the cash out value offered by the bookie is almost always less than the actual potential winnings should the wager win. By accepting a cash out value that’s only a portion of your potential winnings, you’re cutting the gambling operators losses should your selection go on to win the event. On the flip side, there’s always the chance that you could get one over on the bookie and land a profit on what turns out to be a losing bet. Your cashed out winnings are usually available shortly after the bet has been settled, so you’ll be able to request a withdrawal using a payment method such as PayPal, within minutes.

What else do I need to know?

Cash out markets

The sports and markets which offer the cash out feature vary from bookmaker to bookmaker. Commonly, most bookies will offer cash out on football, horse racing and tennis. However, the top cash out betting sites go that extra mile and include other sports like basketball, cricket, rugby and baseball, to name just a few.

Bonuses

While you may find the odd exception, cash out isn’t available for most bets made using bonus funds. Furthermore, cashed out bets usually don’t count towards the wagering requirement of any bonuses you’ve used, including but not exclusive to matched deposits, no deposit bonuses and free bets.

Despite these limitations, you’ll still be able to use the cash out feature in conjunction with a number of promotions, including price boosts, faller insurance, enhanced doubles, trebles and accumulators.

Find a top cash out bookmaker!

Now that we’ve taken you through everything you need to know about using cash out at the top betting sites, it’s time to pick out your perfect destination and try to land some profit. We’ve lined up the best licensed bookmakers in New Zealand offering cash out across a range of pre-match and in-play betting markets. All you have to do is pick one, sign up and place your bets. When your bets are in play, you’ll be able to cash out on a desktop or mobile app within seconds!

 

Your Questions Answered

Can I use cash out on each way bets?

Yes, you can. Our featured top cash out betting sites allow you to use this tool on certain single, multiple and each way bets.

How do bookies calculate the cash out value?

Bookies use a combination of the following factors: the value of your initial stake, the current odds at the time of asking, and the odds at the time when the bet was placed.

Why has my cash out offer been suspended?

This often occurs while a change in odds takes place, usually following a notable event such as a goal scored in a football match. While the bookies’ pricing team changes the odds to reflect the new scoreline, the cash out is suspended. Once a new price is live, you’ll have your new cash out value – this is usually available within seconds.

Is the cash out value offered inclusive of my stake?

Yes, the amount you see is the total amount that will be returned to you. Therefore, you need to remember to deduct your stake from the amount to get the overall profit you’d be making.

Are there any playthrough requirements on cash out bets?

No, none whatsoever. You are merely taking an offer from the bookmaker to settle the bet early to either make a profit or cut your losses.

The people behind this page

Compare.bet's online gambling content experts helped write, edit and check the content on this page:

Ben is deputy editor at Compare.bet, specialising in all things gambling and football. He has an MA in American History and extensive writing experience with bylines in a range of different publications, from Breaking the Lines to CLASH. As well as covering Premier League for The Warm Up, he also writes about the Championship and a range of European football topics. In his spare time, Ben enjoys music production and playing football.
Noel is a writer for Compare.bet with over a decade of experience writing on topics including online casino and sports betting.