Cash-out is a feature or better say an option that progressively all bookmakers gave their punters. It actually looks like a simple feature but is it really? Generally speaking, cash-out gives you the chance to reassure your winnings before the end of the match/or matches. Or even minimise the loss when your prediction is heading south. But there are some things you should take into consideration before you click the cash-out bottom.
Cash-out could turn extremely useful if you use it right. Let’s see some examples of proper use. In an upcoming Premier League clash Liverpool vs Arsenal, the winning of home team pays 2.00 in pre-game markets. So you place £15 in favour of Liverpool. The score at the 67th minute is 1-0 and Arsenal is starting to press really hard, or even Liverpool got a red card or suffered a crucial injury. The bookmaker offers you at that point £24 to get out. The initial terms of the match have changed. If you are watching the game and feel that Arsenal’s pressure could at some point pay off, then you have to go. Doing that means that you take your stake back plus some profit. And you can watch the rest of the game calm and as a winner no matter of the final result.
This is a profitable way to use the cash-out option in a single match. Could be used in the same manner for accumulators bets also. So if we suppose that you put £20 in a 5 fold accumulator that potentially could be returning £140 and 3 out of 5 games are going well(could be over 2,5 choices that already have settled or have two goals lead) close to the end of matches( let’s say near 75th minute). If you look at the cash-out, the bookmaker is giving you £110 to walk away. The other two matches are on edge. Just walk away (aka cash-out), and you can seek more profits later in other games.
You can even use cash out when your predictions went all wrong, and you need to minimise the damage. We need to say that this should be done if you put some massive bets. For example, if you back up the Liverpool’s win with £100 in the scenario above and the score around the 60th minute is 0-1. The bookmaker could give you around £40 to go. Should you go? Well, it’s actually up to you. You can use it only if you have a clear view of the game. If you believe that no matter what Liverpool won’t be able to win just take the offer. But then again it’s football where – almost – everything could happen. So you’ll wait. Tough decision and you can only take it if you have all the needed data. But no-one could blame you whatever this decision will be.
On the other hand, everyone would say you are doing wrong if you cash-out too early. No matter if you bet on a single match or accumulator the general idea is to bet only the amount of money you can afford to lose. So there is entirely no point to cash-out before the 30th minute – or even halftime – to get like 20% to 30% of your wage. Always remember that in gambling and particular in In-Play moments you still have to be calm and in control so you can make the right decisions.
We tried to give some examples of cash-out and how you can use this feature in football matches. Of course, you have this option for other sports also. But you have to keep in mind that in some more light sports such as tennis, volleyball or basketball you have to be quite experienced in using cash-out. The odds swift quickly so only if you are watching the game you can be sure about your decision.
Bookmakers are well-known for the continuous development of their features. Of course, they did exactly the same with cash-out. Currently, you can have and use some options that helps you to make your betting experience closer to your requirements. It may differ from bookmaker to bookmaker, but the main types have the same concept. “Auto cash-out” is probably the most significant one. You can set a condition from the beginning concerning the amount of money you will be pleased to earn or what percentage of loss you can afford.
The great benefit of this type is that you don’t need to be online while the match has been held and you won’t carry out during it.
Bookmakers also offer you the chance to change your mind in an already open bet. If for example you have placed a 3-way bet and after some time, you regret one of your choices or some factors change you can always edit your bet. You simply go to “Edit my bet” option and then you remove the match you want. You can even add another option if you like. Then you press “confirm”, and you have your new accumulator ready. Note that in the original bet the stake will be the one offered when you decided to change it. For example, if you initially put £10 and during the time you wanted to edit your bet the cash-out offer was £8, this will count as your new stake.
You have placed a pre-game bet, but you don’t see the cash-out option available for you. You are wondering why is this happening. Just because you have chosen a market which is not available for In-Play. Usually, combo bets (for example 1 and over 2,5 or goal/goal and over) are markets available for pre-game bets only. Additionally, the lines in goals may change quickly, or you won’t get any cash-out option at all while the match is ending. All these happen just because cash-out comes out a combination of algorithms from the live odds markets. So no live market, no cash-out.
Blessing or curse. Beneficial tool or a lethal weapon. Considerable controversy has been held since bookmakers first launched the cash-out option. Probably there is not a correct right answer. The cash-out was created by the bookmakers, so it is supposed to be at their services. The odds are definitely are. So why should we use it? Remember that if you choose to case-out actually means that you are backing the reverse option you initially made. So you can do it only when you think that everything goes wrong. Or could go wrong. As long as you don’t let fear make the decision for you. Cash-out is a useful and powerful tool only in experienced hands.