{"id":321,"date":"2016-10-07T14:22:49","date_gmt":"2016-10-07T14:22:49","guid":{"rendered":"http:\/\/www.bettingwebsites.org.uk\/?page_id=321"},"modified":"2021-09-16T13:49:09","modified_gmt":"2021-09-16T13:49:09","slug":"cash-out-and-partial-cash-out","status":"publish","type":"page","link":"https:\/\/www.bettingwebsites.org.uk\/articles\/betting-guide\/cash-out-and-partial-cash-out\/","title":{"rendered":"Cash Out, Partial & Auto Cash Out"},"content":{"rendered":"
The way we bet just keeps on changing and in an ever competitive marketplace everyone is fighting to come up with the next big thing.\u00a0 The rise of online betting has allowed punters to access a whole new range of betting tools unheard of before now.<\/p>\n
One such major introduction in recent years has been the Cash Out system.<\/p>\n
Being able to cash out a bet before it has settled makes betting far more interesting and much more strategic; you\u2019ll find yourself having to make some tricky, but often profitable, decisions.\u00a0 Cash Out lets you mitigate your own risks and when used well can increase profits over time.<\/p>\n
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We\u2019ve all grown up in a world where you place a bet on an event and it\u2019s only at the end when the final whistle blows that you know for certain whether you have a winning bet or a losing one. Before the arrival of live betting, this could leave punters feeling helpless.<\/p>\n
Your team would be 1-0 up but only holding on to that lead by the skin of their teeth, your bet on them to win hangs in the balance but you can\u2019t do a thing about it. If they lost that lead, then your bet went down with them.<\/p>\n
Cash Out changed all of this and we owe its existence to Betfair<\/a>.\u00a0 Betfair were initially made famous for their betting exchange, where they launched the cash out system in 2011 and subsequently brought it to their new fixed odds sportsbook which they launched in 2013.<\/p>\n Betfair made it possible to end your bet before the game finishes, and over the years most serious online bookmakers have followed suit.\u00a0 The system is empowering for punters, giving us far more control of our wagers than ever before.\u00a0 It is worth bearing in mind however that cashing out carries risk – sometimes it can work in your favour and sometimes it ends up being a decision you regret.<\/p>\n It\u2019s a football game between Arsenal and Everton and you have \u00a320 on Arsenal to win at 4\/5.\u00a0 That means if Arsenal wins the match your \u00a320 becomes \u00a336, if they don\u2019t win the game then its farewell to the \u00a320. That’s it. With the Cash Out facility, though, it\u2019s a very different story.<\/p>\n Let’s say Arsenal are winning 1-0 at half time, you’ve seen enough of the game and you think Arsenal are having an off day and Everton look like they will get back into the game at half time.\u00a0 Cash Out is offering you \u00a325 back, which covers your stake plus a small \u00a35 profit, and you decide to cash out.\u00a0 If Arsenal don’t go on to win then you’ve lost nothing and if they do win then, alright, you’ve not won \u00a336 but you’ve still made a small profit. Either way, you’re up.<\/p>\n Cash out can also be used before an event starts. If the odds have changed for the better you can make a profit without even needing to risk the bet.\u00a0 Alternatively, if you’ve made a mistake and want to cancel your bet before the event starts, you can cash out and lose around 10% of your stake (if the odds haven’t changed).<\/p>\n With partial cash out you can also decide to cash out part of your stake and let the rest ride; with auto cash out you can set a certain threshold at which your bet will cash out by itself (see later).<\/p>\n Most people use cash out after an event has started live in play.\u00a0 Most major bets are covered by cash out and most bookies display a symbol next to the market if it is eligible for cash out.\u00a0 If you’ve got your heart set on using cash out however do check the market is applicable.<\/p>\n As soon as an event starts you will see that a Cash Out offer will become available, this amount will change regularly throughout the game. How it changes is entirely dependent on what\u2019s happening on the pitch. Betting odds reflect the probability of something happening so the Cash Out offer will roughly work along the same lines.<\/p>\n If the score remains level for a long time, then the Cash Out offer on your Arsenal to win bet will keep going down, because they have less and less time remaining to score a winner.\u00a0 If Arsenal lead the game then cash out value will go up, if they are losing cash out value will go down, so the amount offered will reflect the probability of your bet being successful or not.\u00a0 Other factors will also affect this.\u00a0 If, for example, there is a sending off for Arsenal the value will go down, a red card for Everton, however, may see the value go up.<\/p>\n When to cash out is a big decision to make though. If it’s 0-0 at 80 minutes, do you keep faith in Arsenal and hope they will net a late winner? If you do cash out and Arsenal go on to get that goal, you\u2019ll really be kicking yourself. If they draw or lose the game, then you\u2019ll get some of your stake back in your account that wouldn\u2019t have been there had you let the bet run to completion.<\/p>\n It\u2019s the same situation if Arsenal were to take the lead. You can cash out your bet if you so wish, but it won\u2019t be for the \u00a336 you\u2019d receive if the bet goes the distance. If it\u2019s 85 minutes and Arsenal at 1-0 up offer might be \u00a330 and this value will continue to increase until the final whistle.<\/p>\n Again it\u2019s decision time, if you have the feeling that Everton are going to equalize any minute then it\u2019s an idea to cash out – you\u2019ll feel really smug if you take the \u00a330 cash out and then that equalizer comes in. Then again, if Arsenal maintain their lead you\u2019ll have done yourself out of an extra \u00a36.<\/p>\n Sometimes the bet will work in your favour but there will be times that you make the wrong decision, it\u2019s just that kind of bet. You can see how it brings an extra layer of excitement to a game, though.<\/p>\n Do not assume that cash out will always be available, markets often get frozen or suspended, especially towards the end of events.\u00a0 If you wait too long to use the feature it may not be available to you.<\/p>\n <\/p>\n When you cash out fully that is the end of the bet.\u00a0 With partial cash out, pioneered by Bet365<\/a> and Betfair, you can select a proportion of your stake to cash out while letting the rest of the bet ride, so you still have a stake in the game, but you also guarantee some money in your pocket.<\/p>\n For example, you place a \u00a310 bet on Wales to win the Six Nations Rugby. They\u2019re doing well and lead the table but have a tough final game against England. You may be able to partially cash out your bet to at least guarantee that original stake is returned whatever the end result. The rest can stay live and hopefully Wales will do the job for you and more profits are made. At least you have that relaxed feeling that you can\u2019t lose any cash on the bet even if Wales don\u2019t win the title.<\/p>\n This effectively means you have a free bet, since you have cashed out enough to cover your initial stake. Of course, the amount offered will be based on the situation as it stands at that moment, so cash out may be lower than your stake as well as higher.<\/p>\n With bookmakers such as Betfair you can partially cash out any amount, whereas with Coral<\/a> for example, you are restricted to 10% increments. Some let you partially cash out more than once too, so you can use the feature numerous times on the same bet. Always ensure you read the terms and conditions for this bet as they are slightly different at some bookies.<\/p>\n Another featured established by Bet365.\u00a0 Auto cash out lets you set cash out rules on your bet.\u00a0 This way you can automatically cash out all or part of your bet once a certain cash out value has been reached.\u00a0 This is hugely useful for those that are busy at the time of an event but don’t want to miss out on the feature.<\/p>\n Let’s say you’ve backed Ferrari to win a formula one grand prix, they are fast but you also know they are prone to reliability issues.\u00a0 You stake \u00a320 at 2\/1 (this would win you \u00a360; profit + stake returned) but you set a cash out rule stating that if the cash out value reaches \u00a340 then you want it to cash out.\u00a0 This way, if Ferrari are leading most of the race but the engine fails near the end you will have cashed out automatically and not lost your bet.\u00a0 If they win the race you’ve only missed out on \u00a320.<\/p>\n Alternatively, you could set a partial cash out rule.\u00a0 Let’s say you tell the system to cash in half your stake (\u00a310) once the total cash out value reaches \u00a340.\u00a0 This way you will get \u00a320 back form your partial cash out, covering your full original stake, but you let the other \u00a310 ride to try and net a profit.<\/p>\n If Ferrari now suffer reliability issues late on then at least you’ve got your stake back; if however they go on to win you will get your \u00a320 cash out amount plus the rest of your stake will pay out at full odds, \u00a310 at 2\/1, giving \u00a330 back (including stake).\u00a0 Therefore you could either make sure you get your stake back or win \u00a350 total using auto cash out. That’s only \u00a310 short of the \u00a360 you would have won without the cash out feature, but you have limited your risk significantly and still made a profit.<\/p>\n <\/p>\nExample<\/h3>\n
Cash Out Bets Live In Play
\n<\/strong><\/h2>\nWhat is Partial Cash Out?<\/strong><\/h2>\n
What is Auto Cash Out?<\/h2>\n
What is Bet Editing?<\/h2>\n