Have you ever regretted placing a particular bet and wished you could somehow cancel your wager? Or maybe you had doubts as to whether the team you backed would be able to hold on to the lead? If your answer to either of these questions is yes, then you will love the early cash out option. Said feature gives punters even more control over bets they have already placed, and could ultimately make a real difference to your total bankroll if you play your cards right.
What is Early Cash Out Option?
Early cash out option allows bettors to take an early payout on their wagers before they are settled, meaning you can either take a profit or get a portion of your stake back, depending on how your selection is doing at the time. The feature becomes available as soon as you have placed your pre-match or in-play wager and the cash out amount fluctuates according to the events taking place in the game.
The cash out feature is available on both single bets and accumulators, but bear in mind it does not apply to all types of wagers, with match result (1×2) and few more popular markets eligible. Punters can take advantage of the exciting option when placing their football, tennis, basketball, cricket, baseball and even horse racing bets, on desktop and mobile.
When to Cash Out Early
When the team or player you backed is in a winning position, but is being outplayed by the opposition, you should definitely cash out and secure a decent profit, rather than seeing both your potential profit and the stake evaporate if the predictions prove correct and your selection ends up squandering the lead.
Alternatively, cash out feature can be used to cut down your losses, which can prove to be a very good strategy in the long run. In case your selection is not winning at the moment and doesn’t look like turning things around, a smart thing to do would be to cash out early and ensure you get at least a part of your stake back. This may not seem like a popular strategy, but it can definitely help punters stay in the green over longer period.
Best Bookmakers with The Option of Settling Bets Early
It is hardly surprising that most industry leading bookmakers offer the early cash out option as they recognize the need of giving their customers the best possible chance of turning a profit. The very best of these are featured below.
#1 bet365 – Cash Out
bet365 introduced the early cash out feature in 2013 and it has proved very popular with online bettors. The feature is available for selected pre-match and live betting markets, with both single wagers and accumulators eligible. Soccer, tennis, basketball, horse racing and many other sports support said option, which can be activated simply by clicking on Cash Out button found in your Bet Slip.
#2 William Hill – Cash in My Bet
William Hill introduced Cash in My Bet back in December 2012, providing customers with a perfect tool to take more control over their pre-match and in-play wagers placed on football, cricket, darts and tennis events. The early cash out option is available on single and multiple bets and can be triggered within the Open Bets section.
#3 Betfair – Early Cash Out
The Early Cash Out feature from Betfair became an immediate success amongst their punters. The Cash Out feature is available on a variety of different sports selections that include football, tennis, golf, Cricket and horse racing. You can also use this option on selected markets in their Betting Exchange.
#4 Paddy Power – Cash Out
Paddy Power is another premium sports betting operator that houses the early cash out feature, which is available on both single and accumulator wagers. Simply look out for the cash out sign on any event to see whether it qualifies and then follow the status of your cash out bets after placing the initial wagers on desktop or mobile.
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