Best cash out betting sites for December 2022
CASH out is arguably the most popular feature to be added to betting sites over recent years.
Making it possible to settle bets early, cash out is now offered by the vast majority of online bookmakers. So, if you wish to lock-in a profit or cut your losses, the cash out feature is for you.
On this page, we will discuss the best cash out betting sites in the UK. We will also explain how the different types of cash out work and how to use them to your advantage.
Top 10 UK cash out betting Sites
What is cash out betting?
Before the cash out feature was introduced, bets only had two possible outcomes, win or lose. However, punters can now take charge of their bets much more.
Bets can now be settled early, before events have finished. There are different instances in which you may wish to cash out a bet. For example, if the football team you have backed to win concedes an early goal.
However, it can also be used to guarantee a profit is made. Your chosen bookie will offer a specific amount in return for bets being settled.
Full cash out is the most common, with partial and auto cash out options also being available on many betting sites nowadays too.
Cash out betting sites compared
The vast majority of leading bookies offer cash out options. As a result, it can be difficult for punters to decide which site is best for them.
bet365, BetUK, BetVictor, Betway and 888sport are our top ranked cash out betting sites.
While they appear almost identical at a glance, a more detailed look shows that they operate differently when it comes to cash out.
1. bet365
At bet365, full, partial and auto cash out features are available to punters. Cash out is available on the majority of markets, including pre-match and in-play singles and multiples. Football, tennis, horse racing, basketball and cricket are among the sports covered.
When you wish to leave a proportion of your stake in play, use the slider. Cash out at bet365 is available on desktop and mobile.
2. BetUK
The cash out feature at BetUK is available on selected pre-match and live markets, again including singles and multiples. However, there are no partial or auto cash out options. As such, punters can only cash out their bets in full.
3. BetVictor
As well as offering a host of other features, BetVictor also comes with full and partial cash out. It is available on football, tennis, basketball and horse racing markets, including total goals, set winner, handicap and each-way. Requests are subject to a time delay, with cash out being available on desktop and mobile.
4. Betway
At Betway, cash out is available on a variety of sports and markets. The relevant icon will appear next to eligible markets, with single, multiple and system bets qualifying. However, the cash out feature cannot be used on each-way picks at Betway.
Both full and partial cash out options are available, with no auto cash out option being found at this time.
5. 888sport
Under the “My Bets” section at 888sport, the cash out option will feature when eligible. Available on pre-match and in-play singles and multiples, punters can decide whether to cash out their bet in full.
No partial or auto cash out functions are available.
What football cash out markets are available?
Football is the most popular sport in the UK, with millions of bets being placed on matches. Whether it be the Premier League, Champions League or World Cup, the majority of football markets will be eligible for cash out.
Below are some of the most common football markets that punters can settle bets early on:
- 1×2
- Over/under goals
- Both teams to score
- Double chance
- Half time/full time
- Asian handicap
- Draw no bet
Be sure to read our guide on the best football betting sites for more information on football betting in the UK.
How to cash out a bet at a bookie
Cashing out a bet is a simple and stress-free process. While the steps required vary slightly between bookies, the basic principle is the same across the board.
The following is a step-by-step guide for punters in the UK to follow:
- Login to your betting account using your username and password.
- Browse sportsbook markets and add selections to your bet slip.
- Enter the stake and place a sports bet.
- Track the progress of your selections.
- On your active bets page, keep an eye on the amount being offered to cash out.
- Whether to cut your losses or lock-in returns, settle your bet by selecting the “Cash Out” button.
- The amount will be added to your account balance immediately.
How cash out values are calculated by bookies
The cash out value is calculated using the potential earnings of the bet, as well as the current in-play odds. The best way to explain how this works is to give an example.
Let’s say that you have placed a £10 bet on Aston Villa to beat Liverpool at odds of 3/1. Villa lead 2-0 at half time, with their odds to win the match having shortened to EVS as a result.
So, the £40 potential returns, divided by the current odds would equal £20. Unfortunately, this is unlikely to be the amount offered by bookies to cash out. This is because their margin is added.
As a result, a cash out value of around £18 or £19 is to be expected.
When to cash out a bet
Unfortunately, there is no rule when it comes to the timing of cashing out bets. This is why it is important to keep a close eye on the progress of your selections, as well as the cash out value.
When you cash out will also depend on your strategy and objectives. For example, some will cash out as soon as a profit is made.
Meanwhile, others will wait a little longer in order to see how close to their potential winnings they can reach.
When not to cash out a bet
We have already discussed many of the benefits of cash out. However, there are times as to when it is best to avoid using the feature. Successful bettors will master the right time to cash out, as well as when to leave wagers running.
After placing some bets, you may not be in a position to monitor the event and the cash out value as closely as you need to. In this case, you may be forced to just check whether your bet has won or lost afterwards.
In simple terms, cashing out must fit in with your betting strategy.
Why do we love cash out bets?
Cash out comes with a host of benefits, with the following being a breakdown of the standout pros of the betting feature:
- The ability to settle bets early makes it possible to guarantee a profit or cut losses.
- Cash out lowers the volatility of sports betting.
- It is an easy feature to use on both desktop and mobile.
- Cash out can be used in conjunction with selected betting promotions and other features.
Do all bookies offer cash outs?
Due to the demand from bettors, online bookies have been forced to offer cash outs. As a result, a betting site that does not offer a cash out feature will automatically be at a disadvantage, due to it being less attractive to punters.
All of the leading UK bookies now come with cash out, whether it be full, partial, auto or all three.
How do I know if a bookie offers cash outs?
Most online bookies will make it clear as to whether they offer cash outs, as well as which markets the feature is available on. In many cases, a specific icon will appear next to eligible markets.
Meanwhile, betting sites will also feature cash out terms and conditions. If you are still unsure of which bookies allow their customers to settle bets early, simply select one of the cash out sites found on this page.
Can I cash out on a mobile betting app?
The short answer to this question is yes. It doesn’t matter whether you are operating on a desktop or mobile platform, you can cash out bets with relative ease.
This is the case on mobile betting apps, which are generally available to download on iOS and Android devices. In fact, with enhanced usability and speed, betting apps actually make it easier to process a cash out.
Will I pay fees for cashing out a bet?
Another selling point of the cash out feature is that it does not come with any fees. Punters deciding to settle bets early will take home 100% of the cash out value as a result.
Remember to gamble responsibly
A responsible gambler is someone who:
- Establishes time and monetary limits before playing
- Only gambles with money they can afford to lose
- Never chase their losses
- Doesn’t gamble if they’re upset, angry, or depressed
- Gamcare – www.gamcare.org.uk
- Gamble Aware – www.begambleaware.org
For help with a gambling problem, call the National Gambling Helpline on 0808 8020 133 or go to www.gamstop.co.uk to be excluded from all UK-regulated gambling websites.