How To Cash Out With Bookmakers

What Is Cash Out?

 It's been over a decade since betting exchanges revolutionised the world of online betting and gave punters the opportunity to back, lay and trade in-play.

 While many bookmakers began to offer in-play betting to their customers, a few forward thinking bookmakers went one step further and offered customers an easy way to trade on their pre-match and in-play bets. They called it Cash Out.

 So what is Cash Out? Cash Out allows you to place a bet and then, while the event is in play, the opportunity to close your bet before the event has concluded. This is referred to as 'cashing out'.

 How Does Cash Out Work?

 We will consider this in detail shortly, but for the moment, let's consider a basic example.

You have placed a £50 bet on an upcoming Premier League match between Arsenal and Tottenham.

You have bet £50 on Arsenal to win at odds of 2.50.

The match begins. Arsenal score a goal just prior to halftime. Their odds of winning the match now shorten to 1.40. Your bookmaker will now offer you a Cash Out profit based on both your pre-match bet odds and the current in-play odds. Taking the profit and closing your bet is 'Cashing Out'.

This is a simple example, but essentially illustrates how Cash Out works. No matter what stage of the event, you can choose to close (or partially close) your pre-match and in-play bets, allowing you to take either a profit or a loss depending upon the state of the event and the in-play odds currently on offer.

What You Will Find In This Guide

 


 Cash Out Explained

 So let's now consider a more detailed example.

How To Cash Out With Bookmakers: Step 1

Firstly, log into your account Then find an event that will have Cash Out available. Most major football league markets will have Cash Out  particularly 1X2, Asian handicaps and Over Under goal totals.

How To Cash Out With Bookmakers: Step 2

Next step is to place a bet on a market with Cash Out available. Let's bet £100 on Chelsea to defeat Liverpool in an upcoming Premier League match. Chelsea are at odds of 2.90 to win the match. Please note, you can place both pre-match and in-play bets. You will, with most bookmakers, have the ability to Cash Out on either bet type.

How To Cash Out With Bookmakers: Step 3

The match begins. Click the 'My Bets' tab. You will then see each of your bets placed with a cash out offer displayed.

How To Cash Out With Bookmakers: Step 4

As time runs, match winner odds begin to slowly change. Halftime arrives and neither team has scored. At this stage Chelsea are at odds of 4.30 to win the match.

How To Cash Out With Bookmakers: Step 5

Based on these odds, we will be offered a Cash Out profit (or loss). In this case, as the odds for Chelsea winning are greater than what we originally backed them at, we will be offered a loss of £33. (We will discuss how to calculate Cash Out offers in the next section).

How To Cash Out With Bookmakers: Step 6

We have a number of options at this point. We could:

  1. Cash Out our total stake of £100 and take the £33 loss.
  2. Cash Out a portion of our stake (known as Partial Cash Out) and take the corresponding loss.
  3. Keep our stake in-play and do not Cash Out.

As there's still a half of football remaining, the only sensible thing to do is to keep our stake in-play and decline the Cash Out offer.

How To Cash Out With Bookmakers: Step 7

We play on and in the 70th minute, Chelsea score, taking a 1-0 lead. Their odds to win the match are 1.30. Since Chelsea's odds are now lower than our pre-match bet odds, we will be offered a Cash Out profit of £122.

How To Cash Out With Bookmakers: Step 8

We have another decision to make. Here are our options:

  1. Cash Out our total stake and take the £122 profit
  2. Cash Out a portion of our stake and take the corresponding profit.
  3. Keep our stake in-play and do not Cash Out.

The conservative option would be to take our profit now and avoid the disappointment of a late equaliser. Or at the very least, execute a partial Cash Out. Let's decided to do neither and keep our entire stake in-play.

How To Cash Out With Bookmakers: Step 9

The match continues and Chelsea scores again, taking a 2-0 lead, seeing their odds reduce now to 1.05. Here are our options:

  1. Cash Out our total stake and take the £176 profit
  2. Cash Out a portion of our stake and take the corresponding profit.
  3. Keep our stake in-play and do not Cash Out.

Again, it's decision time. Yes, Chelsea have a 2-0 lead and look certain to win. But we can Cash Out now and claim a profit just £14 less than what we will if the match concludes with a Chelsea win. What to do? 

This is what makes Cash Out not only a feature that provides you with greater control and flexibility over your betting, but also presents an element of intrigue that pre-match betting alone does not.

How To Cash Out With Bookmakers: Quick Guide

So let's quickly revise the Cash Out process:

  1. Log in to your bookmaker account
  2. Find odds for an event with cash out available
  3. Place a bet
  4. Track your cash out bets in-play on your account page
  5. Click to cash out when you feel the Cash Out sum offers value

 

 


 How To Calculate Cash Out Bets

 Let's now discuss how to calculate a Cash Out offer. As we said, Cash Out figures are based on both the pre-match odds, the current in-play odds and of course, the bet stake wagered.

Fortunately, Cash Out profit or loss figures are rather simple to calculate. Click the tab below to see the calculation for a single cash out bet:

How To Calculate Cash Out Bets


 How to cash out with bookmakers Cash out offer  = ((Initial bet odds / Current in-play odds) x Initial bet stake) – Initial bet stake

 Easier than you thought right? So let's consider a basic example.

Example: Manchester City vs Barcelona

We have bet on Manchester City to defeat Barcelona. Our original stake was £50 at odds of 3.50.

Manchester City lead 1-0 and their odds to win are now 1.90. What would be a fair cash out offer?

How To Calculate Cash Out Bets Example


 bet365 cash out Cash out offer       = ((Initial bet odds / Current in-play odds) x Initital bet stake) – Initial bet stake
 Betfair cash out how does it work Cash out offer       = ((3.50 / 1.90) x £50) - £50
 Cash out at Ladbrokes Cash out offer       = ((1.842) x £50) - £50
 Cash out at William Hill Cash out offer       = £92.10 - £50
 Paddy Power cash out Cash out offer       = £42.10

 So given our pre-match odds and the current match odds, we should be able to Cash Out for a profit of £42.10.

 Of course, if our current in-play odds are greater than our pre-match odds, we will be offered a loss.

Cashing Out An Accumulator

 It is also possible to Cash Out of an accumulator bet. Most bookmakers now offer this option. To learn more about acca Cash Out and how to calculate acca cash out figures, please read our How To Bet On Football Accumulators guide.

 Partial Cash Out

 We can in many cases execute what is referred to as a partial Cash Out. With partial Cash Out we are not cashing out the full amount of our pre-match stake. We Cash Out a portion of it and leave the rest in-play.

 Calculating partial Cash Out is easy.

How To Calculate Partial Cash Out Bets


 How to cash out with bookmakers Cash out offer  = ((Initial bet odds / Current in-play odds) x partial bet stake) – partial bet stake

 So let's use our previous example, but this time, we will cash out only £20 of our £50 stake.

How To Calculate Partial Cash Out Bets Example


 bet365 cash out Cash out offer       = ((Initial bet odds / Current in-play odds) x Initital bet stake) – Initial bet stake
 Betfair cash out how does it work Cash out offer       = ((3.50 / 1.90) x £20) - £20
 Cash out at Ladbrokes Cash out offer       = ((1.842) x £20) - £20
 Cash out at William Hill Cash out offer       = £36.84 - £20
 Paddy Power cash out Cash out offer       = £16.84

 So in this example, we cash out £20 of our £50 stake for a profit of £16.84, leaving £30 in-play from which we could make a profit of £75 should Manchester City win the match.

 


Best Bookmakers For Cash Out

Since the birth of the betting exchanges, in-play betting has changed the way we bet. While it may have been considered a fad not long ago, Cash Out is now a must have for every sports bettor. So which bookmakers now offer Cash Out? Here we look at our top 5 Cash Out features currently available.

Betfair Cash Out

Betfair cash out how does it workBetfair also offers customers a great Cash Out feature. Considering Betfair were the original betting exchange and the fathers of the cash out concept, you'd expect them to have a quality cash out tool.

So you may be wondering, Betfair cash out how does it work? As Betfair state, they do the maths for you. And this is essentially what Betfair Cash Out is all about, whether you're using the cash out feature on Betfair Exchange or Betfair Sportsbook. No matter which you prefer to bet with you'll be able to implement a Betfair cash out strategy to suit your betting philosophy.

You can cash out with Betfair via both desktop and the Betfair app.

Cash Out At Betfair Now

Cash Out At Ladbrokes

Cash out at LadbrokesLadbrokes also offer a cash out feature that allows you to secure your profit or to take a mitigated loss, depending upon your pre-match bet, stake and in-play odds. What we like most about cash out at Ladbrokes is the ability to cash out bets placed in Ladbrokes betting shops. All you need to do is log on to your Ladbrokes account and scan the bar-code of your bet slip. It's a nice addition and offers punters even greater flexibility.

You can cash out at Ladbrokes via both desktop and the Ladbrokes app.

To cash out with Ladbrokes, create an account now.

Cash Out At Ladbrokes Now

Cash Out At William Hill

Cash out at William HillWilliam Hill offers a great cash out feature, that gives customers great flexibility and control over their wagering. You can cash out at William Hill on a great range of sports. This is more often the case for major sporting events and popular leagues such as the Premier League, Champions League and dozens more.

You can cash out at William Hill on both desktop and App via the 'my account' tab.

Cash Out At William Hill Now

Paddy Power Cash Out

Paddy Power cash outKnown for their irreverent approach to betting, they are dead serious when it comes to the fantastic Paddy Power cash out feature and in-play betting. You'll find all of your current bets with cash out availability on your My Cash Out Bets page. This includes all singles and accumulators the feature a Paddy Power cash out logo.

You can bet with Paddy Power cash out via both desktop and the Paddy Power app.

Paddy Power cash out

Cash Out At Paddy Power Now

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