Cash out

Cash out is the opportunity to settle your bet before the event has finished.

This feature is offered across the majority of online sports bookmakers for live or in-play betting, giving bettors more control over their bet.

Before the introduction of early cash out, punters would have to wait for their bet to be settled. The cash out feature offers you the ability to minimise your losses if you think a bet is going badly, or take an early profit if you don't want to wait for a bet to settle for whatever reason.

A cash out is determined by a formula that takes into account the odds when a bet was placed, compared to the odds being offered at the time of a potential cash out.

Cash out is offered on a variety of different markets such as BTTS, Over 2.5 goals and Under 2.5 goals. The feature is also available on singles, doubles, trebles and accumulators.

Types of cash out

Cash out

This is the standard offering from most online sports bookmakers. It allows you to settle a bet before the end of an event. The amount offered for a cash out varies and will depend on the likelihood of the bet winning - this amount is then offered as a cash out.

Sometimes early cash out is suspended, say there is a penalty in a football game, the bookmaker will temporarily halt the opportunity to cash out until it has been taken.

Partial cash out

This option gives you the chance to cash out a portion of your stake on a bet while letting the other portion run on the same bet.

For example, if you place a £10 bet at odds of 5/1 (6.0), the bet stands to return £60, with £50 profit. If you choose to partially cash out £5, you will keep whatever the cash out offer is while still having a £5 stake left to run on the bet, at the same odds.

Auto cash out

This feature allows you to select a cash out value, and when the cash out reaches this total, the bet is automatically cashed out. This is a good feature if you can't track your bet and you're happy with a certain cash out.

Please note: not all of these features are available on every bookmaker.

Should you take the early cash out on your bets?

The short answer is: usually not. Early cash outs are used by bookmakers to reduce their exposure on a bet and increase their margin. They're marketed to you as a feature but they're rarely the best course of action.

The optimal betting strategy is to only take an early cash if the cash out offered by the bookmaker represents good value.

Here's an example:

  • You placed a £10 bet on Manchester City to beat Everton at odds of 1/2 (1.5)

  • Manchester City take the lead after 60 minutes and your cash out stands at £12

  • The bookmaker is essentially offering you odds of 1/5 (1.20)

  • Odds of 1/5 (1.20) have an implied probability of 83.3%

  • You should only take the cash out if you think that the probability of Manchester City going on to win the game is LOWER than 83.3%

There are several other scenarios why you may want to cash out a bet early.

The most common scenario is when you've placed an accumulator and several of your selections have either won or are winning. In this situation bookmakers will give you the option to cash out early. The cash out is almost always bad value, and the most profitable long-term strategy is nearly always to not take it, however, if the cash out is meaningful and you are happy with the profit on offer then you shouldn't be afraid to take the money.

Finally, sometimes an event finishes but the bookmaker hasn't settled bets, in this situation it is often possible to cash out the full winnings early.

We’re on a mission to educate the world’s betting population through good, honest betting advice, information and tools.

Potential Bets is owned and operated by Bettor Publishing, a registered company in England and Wales. Company number 12103210. Registered address Unit 2.05, 12-18 Hoxton Street, London, N1 6NG. Please bet responsibly. If you think you have a problem or you require assistance, please visit our responsible gambling page.