The Cash Out betting feature lets customers close a game before it has been settled. This means you can bet on the result of a match and end the game before full time. The amount you can receive when you use Cash Out is determined by whether your bet likely will result in a win or a loss.
Keep reading to learn when to cash out, and test it out in our best cash out betting sites below.
🌟 Best Cash Out Betting Sites
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Cash Out Betting
One of the latest features in betting is the possibility to cash out. This popular feature lets customers close a bet before it has been settled. In other words, you can bet on the result of a match and end the game before the referee has blown the whistle.
The amount you can receive using Cash Out is determined depending on whether your bet will lead to a win or a loss. Thus, it can be both higher or lower than your original bet.
There are many Indian betting sites with the Cash Out feature on the market today. They have realised how much we gamblers want to have the opportunity to collect our winnings. However, the feature looks a little different depending on the betting site. Firstly, not all offer Cash out on all matches, and secondly, the amount of money you get back can vary a lot.
Cash Out Meaning in Betting
If your bet is about to go in, there is a high probability that you will be able to make a profit. If your bet is about to bust, you will be offered an amount that is lower than your stake in the majority of cases. Therefore, deciding to Cash Out is not always easy.
Should you be patient and rely on the initial analysis that you made when you placed your bet, or should you settle for the amount that the bookie chooses to offer?
Cash Out Example
You play on a football betting site and bet on Barcelona to win against Real Madrid with odds of 2.30.
➡️ Outcome 1:
Barcelona scores in the 60th minute and leads 1-0, which increases your chance of winning. You can then either choose to use the Cash Out feature for the amount the bookmaker offers you or wait until the match is over.
The betting site will most likely offer you a higher amount than your original bet, as your bet is currently on its way in, but you won’t get the full amount.
➡️ Outcome 2:
Real Madrid scores 1-0 in the 60th minute, which reduces your chance of winning. You can then either choose to use the Cash Out feature for the amount offered to you or wait until the match is over. The sportsbook will most likely offer you a smaller amount than your original bet as your bet is about to crack.
When to Cash Out?
Different betting sites offer their customers a varied range of markets in which you can use the Cash Out feature, but what they all have in common is that the customer can play both single games or combination games. This means that if you are playing a combination game where the matches on your ticket have different start times, you can close a game before, for example, one of the matches has started.
You can also use Cash out before any matches have started to receive a larger part of your original stake back.
When can you close your bet?
If you use the Cash Out feature, you will notice that closing your bets is not always possible. The market is suspended at certain times, which means that the bookie cannot guarantee that you always can use Cash Out. This can happen when the odds change before the betting site has processed your request. Should the betting site deny you the option to cash out, most betting sites will notify you.
Take a share of your winnings – Automatic Cash Out
At most cash out betting sites, you can use a setting that allows you to close your game automatically. Set a value that you are willing to settle for, and if your bet reaches that value during the match, the betting site will automatically close the game. This feature can be handy if you can’t watch the game. For example, the matches on NFL betting sites are often played at night or early morning in India. Using the automatic Cash out function gives you an extra edge while getting some needed rest.
Pros & Cons of Cash Out Betting Sites
Pros
- Get instant access to winnings - If you need a quick replenishment of your account, you can always close your bet and increase your balance. When you use Cash Out, your money goes straight into your account.
- Cash Out before your game cracks - Your bet might be good at the moment, but if key players get injured, or the other team suddenly get the upper hand, it might be best to cash out and secure a profit.
- Minimise your loss - If the analysis you made before the game was wrong, you could close the bet before you lose it all.
Cons
- Betting companies set a lower value - If you use the Cash Out feature every time, you will lose money in the long run. The betting sites offer you a lower value than they should be.
- Wrong decisions - You might decide to close a game when you don’t think your original bet will result in a win. However, it often turns out that you should have avoided using the Cash Out feature as your original bet was ultimately the correct one.
- Cash Out takes the joy out of your bet - Using this feature can lead to the player choosing to focus primarily on the amounts offered by the bookmaker to close the game rather than concentrating on the match. You will not have the same opportunity to appreciate the match if you are constantly thinking about whether or not to close the game.
Cash Out at the Right Time
Choosing the right time of the match or the event to close your game plays a significant role. The value of the Cash Out is constantly changing and depends on the probability that your bet will result in a win or loss. Thus, the Cash Out value is adjusted according to the current match situation, just like how the odds change in live betting.
Learning when to close a bet takes experience and practice. It’s not always easy to decide whether to close your bet or not. Instead, it can be a complicated trade-off whether to let your bet continue or whether to take your winnings/minimise your losses.
A common example of when to use Cash Out is when your game is currently winning but looks like it is going to crack. Like if your team has suffered injuries or are under a lot of pressure. Another situation when it might be useful is when you see that your previous analysis is not in line with how the game is and is developing. It can then be profitable to minimise the risk of loss and collect the possible amount before your bet bursts.
However, we recommend relying on your initial analysis in most cases to let the match finish instead of using the Cash Out feature.
Cash Out Betting Value
The Cash Out value is calculated based on two elements: your possible winnings and the new odds. This means that the value offered can be higher or lower than your initial stake.
For example, if you place a bet for ₹100 on a team with odds of 4.00 x bet, you will receive ₹400 if your bet cashes in. The team you bet on is leading 2-0 at half-time, which results in the betting company setting a new live bet at 2.0 x bet. By dividing your possible winnings by the new odds, you can get the fair amount to close the bet on.
- ₹400 / 2.0 = ₹200
- Fair amount for Cash Out = ₹200
How betting sites calculate the value of the Cash Out
Looking at the example above, we can see the fair amount for Cash Out. Bookies use the same method to calculate the amount they offer for Cash Out, but they reduce the fair amount by about 3-5% in most cases. In other words, you will receive less than if you keep a winning bet. The betting sites, therefore, profit from customers using Cash Out.
However, Cash Out can be a saviour in many cases. You can make a killing if the tables turn and your bet suddenly results in a loss.
Cash Out Betting FAQ
What does cash out mean on betting sites?
Cash out allows you to close the bet before the match or event is over. For example, if the team you bet on got the lead, but the other team is likely to come back, you can close the bet early at slightly lower odds than the original bet. Your winnings will be lower than if you were to stick to the original bet, but at least you will make a profit.
Which Indian betting sites allow cash out?
Not many betting sites in India allow cash out today, sadly. But you can find all those that do on this page.
Is it wise to cash out early?
It can be, but it can also cause you to lose money compared to if you’re sticking with the bet. During the match, the cash out odds will change to mirror the happenings of the match, so if you cash out at the right time, you might end up with a great result.
Arjun Jindal | Last Modified: March 14, 2022
