Which Are the Best Cash Out Betting Sites for 2024?

Cash out betting sites are definitely causing a stir with online bettors because it means that they are now able to cash in winning or losing bets at any time once the event which they are betting on has started.

The way that cash out betting sites work depends on which sportsbook you have placed the bet with, but the way it usually works is that you click on the pre-match bet that you have made and at the bottom of the bet details there will be a figure which is available to you if you decide to cash out the bet.

If you click on this, you will be given the option to confirm that you wish to cash out the bet and there will then be a buffer of around ten seconds whilst the cash out takes place.

This is to protect both the sportsbook and the punter in case something has happened such as a goal in a football match, but as soon as the buffer has completed, the funds will be safely back in their sportsbook account.

If you are wondering what types of bet you can cash out, that is dependent on the sportsbook which you are using, but with football betting, anything from a single win to an accumulator can be cashed out.

Now, if you are ever asked exactly what does cash out mean, you will now know exactly what to say.

The Bookies Are Not a Charitable Organization!

Many punters often complain that cash out betting sites offer poor value for money and they would be far better off financially by laying off an in-play bet on a betting exchange such as Betfair.

That would definitely be true, but for many punters, it can be very complicated to have their sportsbook and betting exchange account open at the same time as well as a calculator so that they can work out exactly the amounts that they need to lay at the exchange.

Add to the fact that the prices will constantly be moving it can be complicating as well as being a touch on the stressful side.

When using the bet in play cash out facility at a sportsbook, it is simply a case of clicking on the cash out button, and that is the end of it.

If you don’t like the idea of laying off a live bet at a betting exchange and everything that goes with it, think of the slightly lower cash out figures which are offered by sportsbooks as some kind of premium for the fact that they do all of the work for you.

Another common question amongst punters is 'how is cash out calculated?'.

The answer to that question is that sportsbooks use a complicated algorithm which works out the cash out figures automatically, and this is the main reason why they are able to offer these types of bets.

Traders will be standing by just in case anything out of the ordinary takes place but just imagine the manpower which would have to be put in place if each cash out had to be processed manually, it just wouldn’t be cost-effective.

A Common Conundrum

It could be argued that it all adds to the excitement but whether or not to hit the cash out button can cause all sorts of stress punters.

Let’s take a look at an example. It is a Saturday afternoon, and you have placed a £10 accumulator of five football match results. When you placed the bet, you will have seen that should the accumulator be successful it will pay-out £1252.78. You are busy with something else, but you look at the time, and it is 4.40 pm which means that there are only ten minutes or so left to play and each leg of your accumulator bet is winning. Your heart skips a beat, and you notice the cash out figure, and it is £220. £220 would be a nice win but not as nice as £1252.78 so what do you do.

Before cash out betting sites became available you wouldn’t have had a choice, it would have been a case of simply crossing your fingers and hoping for the best.

The decision of what to do on occasions like this will vary from punter to punter, but you will realise how disappointing it will be if you leave the bet to run and couple of late goals mean that it is a losing bet.

Surely that is better than cashing out if the bet goes on to win because at least you will have a consolation prize, so to speak, but as already mentioned, every punter will be different.

What Betting Sites Have Cash Out?

Many sportsbooks now have a cash out facility, but it is important that you choose to do business with the more reputable of these sportsbooks such as Betfair Sportsbook, bet365 and William Hill.

The reason for this is because the best betting sites are all built on stable platforms and are able to handle large amounts of in play bets, especially if a big match is taking place (e.g. Rugby World Cup, UEFA Champions League, Super Bowl, Kentucky Derby, etc.) or there is a cash out promotion taking place.

One of the best examples of this is a cash out betting strategy which can be used on a regular promotion from bet365. The way it works is that you have to place a bet on a pre-match market and you then have a bet of the same amount on any in-play market on the same match.

When this offer was first offered a few years ago there were lots of complaints because the bet365 website could not handle the vast number of their customers who were trying to place in play bets, but due to this being one of the best sportsbooks out there the problem was soon rectified, and they have gone from strength to strength.

It should not be forgotten that you can cash out bets when using a betting exchange such as Betfair and you will find that their cash out figures offer better value than those offered by the Betfair sportsbook along with other sportsbooks.

Should You Get Involved with Cash Out Betting Sites?

You should definitely think about it because cash out betting will add a great deal of excitement to your online betting activities but be prepared to make some difficult decisions, to cash out or not to cash out, that is the question.

If you are a more advanced punter, it would be worth considering laying off your bets at a betting exchange instead but for those who like to keep it simple and cash out a profit before an event has finished, then cash out betting sites could be just what you are looking for.

It would be a fair assumption to say that once you start cashing out your bets, there will be no looking back because betting in this away really does add an extra level of excitement to your online betting activities.