Have you ever placed a bet which was looking likely to land and wondered if it was possible to secure your winnings before the events ended in case it ended up losing?
The cash out option in betting provides this opportunity to many bettors looking to secure winnings before their bet is settled. There are several factors that go into cash out calculations, and bookies use these to adjust the offer in real time.
In this blog post, we'll explain what a cash out bet is and how it is calculated. We'll also explore how partial cash out options work and whether they are a good alternative to the cash out option.
What Is a Cash Out Bet?
A cash out bet is a feature offered by many online bookmakers that lets you settle your bet before the event you’ve bet on is finished, giving you the option to take control over your bet, whether you’re ahead or things aren’t going your way.
Let’s say you’ve bet on your favourite team to win, and they’re leading as the game nears the end. If you’re feeling unsure about the final result, you can use the cash out option to secure a return straight away, instead of waiting for the match to finish.
It’s important to know that the cash out amount is often less than the full potential winnings, as the amount offered depends on how the event is playing out and how likely it is that your bet will win. This feature is particularly useful for live betting, where events can change quickly.
How Are Cash Outs Calculated?
Firstly, bookmakers consider the current state of the event, looking at how likely it is for your initial bet to win based on the current score or situation.
Another crucial factor is the original odds at which you placed your bet, as the relationship between these odds and the live odds during the event influences what cash out amount you may see.
Bookies also take into account the total stake you initially wagered, aiming to ensure that cash out offers balance both potential winnings and their own risk in real-time.
It is important to remember that a bookmaker’s margin or profit is factored in, meaning the offer you receive will generally be lower than the expected winnings, representing their share or take in the process.
Are Cash Out Bets Worth It?
Using the cash out option can be a good idea if you want to secure a profit or cut your losses. If your bet is looking promising but there’s a chance the outcome could potentially change, cashing out lets you lock in some winnings.
Cashing out means you may miss out on potentially larger winnings if your original bet goes on to win. It’s important to consider the risks and rewards before making your decision.
Whether or not cashing out is worth it will depend on what you want to achieve. Some people value the security it offers, while others enjoy the excitement of waiting to see how their bet plays out.
What Is a Partial Cash Out?
A partial cash out offers you the flexibility to take out a portion of your bet while leaving the rest until the end of the event. Instead of cashing out the entire amount, you may choose a partial cash out to secure some winnings now but still leave a portion of your stake in play.
With a partial cash out, you decide the amount you want to withdraw, giving you more control over your bet. It’s particularly useful when you want to minimise potential risk but still have a chance for a potentially bigger win if the original bet comes through.
Partial Cash Out Example
Imagine you’ve placed a £20 bet on a football match, backing your favourite team to win. As the match progresses, your team is leading, and things look promising. At this point, you’re offered a cash out option.
Instead of cashing out the full amount, you decide on a partial cash out, allowing you to withdraw £10 of your stake now to secure some profit while still leaving £10 to continue in the bet.
By opting for a partial cash out, you get to enjoy the safety of some guaranteed returns but maintain the excitement and potential of the remaining bet. This flexibility can be particularly appealing when the match is close.
Is a Partial Cash Out Worth It?
Deciding whether to use partial cash out comes down to your own approach to betting and how much risk you are comfortable taking.
A partial cash out can be a good option if you want to secure some of your profit while keeping part of your bet running, giving you the chance to secure some winnings without completely giving up on the potential for a bigger payout.
Think carefully about how much of your stake you’d like to cash out and how much you’re happy to leave in play, as this can give you both peace of mind and the excitement of still being in the game.
This option can also be useful if you’re unsure about how the event might turn out. If things feel unpredictable, a partial cash out lets you manage your risk while keeping your bet alive.
Whether a partial cash out is worth it depends on your personal goals and how comfortable you are with taking risks. Each situation is different, so take a moment to consider your options and make a choice that works best for you.
If you decide to place a bet, always ensure you are betting on a platform or at a venue that is licenced by the UK Gambling Commission (UKGC). This will mean your betting experience remains safe and secure, ensuring you are protected by the UKGCs stringent regulations.
Always remember to gamble responsibly for an enjoyable betting experience. Ensure your betting experience remains safe and entertaining by setting limits to your playing time, sticking to a strict budget within your means and making use of any responsible gambling tools available.
*All values (Bet Levels, Maximum Wins, etc.) mentioned in relation to this game are subject to change at any time. Game features mentioned may not be available in some jurisdictions.
**The information provided in this blog is intended for educational purposes and should not be construed as betting advice or a guarantee of success. Always gamble responsibly.