Bet365 recently announced the launch of a unique Cash Out tool designed to give their customers more control over their wagers and ensure they can settle the bets themselves before the event in question draws to a close.
There were even more good news for bettors who enjoy the freedom provided by this excellent option as they now have access to Partial Cash Out as well, enabling them to cash out a custom portion of the bet, while the remainder of their wager is settled the usual way.
How to use Cash Out and Partial Cash Out
The two features are designed to be used after the bet has been placed, allowing players to watch a part of the game and then make their decisions according to developments on the pitch. You do need to sign up with bet365 if you want to use this tool, but once that is sorted out, you can follow the instructions outlined below.
While the My Bets section of the account used to only show the stake and potential returns of your bet, it now also displays the current cash out amount, which obviously depends on whether your wager is in a winning or losing position at a time.
If you want to Cash Out the entire bet, simply click on the Cash Out button and the corresponding amount will be added to your account instantly, whereas the initial wager and the final result will have no effect on your winnings.
If you would rather use Partial Cash Out, then enable the slider by clicking on the icon found on the right of the Cash Out button and choose the amount you wish to ‘withdraw’. That amount will be settled instantly, whereas the remainder of your original bet will be settled depending on the final result.
Cash Out option is currently offered on a number of sports, including Soccer, Basketball, Tennis, Cricket and Horse Racing, on selected events and markets. For the time being, Partial Cash Out is only available on selected single bets an straight accumulator wagers.
Events when bettors regret backing one team in a pre-match market after watching the game in-play are quite common, and this is where Cash Out and Partial Cash Out can help.
If the team you backed take the lead but do not look like winning in the end, you can use said tool and secure your profit without worrying about the final result.
At the same time, if your selection is still not losing, but looks like it might, you have the option to cut your losses and ensure that you get at least a part of your original stake back.
Also, if your first three or four selections in an accumulator have won, but you have doubts about the outcome of the final match on your bet slip, you can settle the bet early, lock in your profit and avoid a major disappointment if the final selection is a loser.
If you want to have access to the Cash Out feature, you can register bet365 account here and try it out for yourself.
The only downside to the Cash Out option is that this additional control the players now have may at times cost them hefty payouts.
This is especially true for accumulator bets as chances are you will be tempted to cash out early if the majority of your selections are winning. And while this can be a good strategy if that final leg ends up losing, you could miss out on a very good payout if your original accumulator proves a winner and you have already settled it early, having had doubts in the final outcome.
So, what is your verdict? Is Cash Out a helpful tool or just an advertising trick?