We have recently been investigating the best cash out betting sites as this functionality has become such an important element for many punters. Imagine the scenario... you have 3 up in a fourfold accumulator but instantly regretted putting in your last selection when the “liability” was named in goals.
We have all been there, but now you have the option to cash out and win your bet. This option found on online bookmaker sites is becoming widely available across multiple sports and gives us another edge over our common rival.
Bearing this in mind, we have compiled a comprehensive list of the best cash-out online gambling sites available to you. When placing a bet, it just makes sense to do it on a betting site that has this option, even if you only use it frequently. If used wisely, it could be the difference between a winning and losing bet!
Before We List The Best Cash Out Betting Sites, Please Note The Following
- It is only available on singles and multiple bets only.
- There is a time delay, so if a price changes or the market suspends then your request may not be successful.
- Any bonuses due from a lucky 15 for example, will not apply when this functionality is used.
- Any bets settled through cash out do not count towards bonus turnover requirements.
- In most cases, free bets are not eligible. The exception being when the value of your cash out is higher than the value of your free bet.
- Cash out availability is not guaranteed on events, even if it was available for such previous events.
- All companies reserve the right to reverse settlement of cash-out if your bet or the market you bet in was settled in error.
Editors Quick Picks: Top Betting Sites For Cashing Out (2020)
Get Up To £100 In Bet Credits
Bookie With Best Odds Award
#Ad - New Customers only. Up to £100 in Bet Credits. Sign up, deposit £5 or more to your account and bet365 will match your qualifying deposit in Bet Credits when you place qualifying bets to the same value and they are settled. Min odds/bet and payment method exclusions apply. Returns exclude Bet Credits stake. T&Cs, time limits & exclusions apply.
£20 Risk Free Bet
Best Betting Exchange Award
New customers only, bet up to £/€20 on the Exchange and if your first bet loses, we’ll refund you £/€20 in Cash. Bet must be placed in first 7 days of account opening. T&Cs apply.
Bet £10 Get £30 Free Bet + 60 Free Spins
Most Improved Online Bookie Award
Terms & Conditions: New UK & NI customers only. Promo code SPORTS60. Deposit and place first sports bet of £10+ in one transaction, at odds of Evens (2.0)+, settled within 60 days. First bet must be on Sports. £30 in Free Bets credited within 48 hours of bet settlement. 7-day expiry. Payment restrictions apply. SMS validation may be required. Max 60 Free Spins on Justice League Comics. 7-day expiry. Full T&Cs apply.
£20 Free Bet x5 Times Up to £100
Best Betting Features Award
Place 5 single Bets Of £10 or More & Get £20 Free Bet X5 Times Up to £100. 18+, First deposit only, New customer offer.UK or Republic of Ireland residents only. Max stake £10.Repeat up to 5 times to receive maximum £100 bonus. Bets on the same selection or market do not qualify.Min odds 1/2 (1.5). Exchange bets excluded. T&Cs apply
£25 in Free Bets
Best Variety Of Promotions Award
18+. UK Customers (Excluding NI) only. Cash stakes only. Min £10 stake required for initial £5 free bet. Min odds ½. Max £25 in free bets. Subsequent free bets equal 50% average of each 3 qualifying bets. 13 bets required to receive full £25 free bet. Qualifying bet must be placed within 30 days of opening account. Cashed out bets will not qualify towards your average stake. One free bet offer per customer, household or IP address only. Free bet expires after 7 days. Payment method restrictions apply.
BeGambleAware.org | 18+
Bet365 Cash Out - Recommended
Overall Best Betting Site For Odds!
Widely accepted as the best betting company in the UK, Bet365 has two options for you to choose from when it comes to cash out. You can fully or partially cash out your selection.
It is a very simplistic feature on their site. You can select the full cash out option or use a slider to adjust the amount that you would like to partially cash out. The potential returns and remaining stake are displayed on the cash out button, where you can choose how much of your bet to cash out.
They also have new feature which allows you to pick a value at which your bet will automatically be cashed out. For example, if you place a €10 double and set auto cash out at €20, you bet will be settled once it reaches this value. The Bet 365 cash out feature is also available on the mobile app. This makes it accessible while you are on the move, through your smartphone or tablet.
Betfair Exchange Cash Out- Recommended
If you bet frequently, it is essential to have a Betfair Exchange account to maximise winnings...
Now we come to the inventors of cash out function. They first launched in 2011. The most important factor in cashing out is that when you click the button you want it to work. Betfair’s option is very reliable.
They also allow you to cash out your bet during a live race, which is quite rare. The majority of bookies cash out facilities become unavailable once a race starts.
A slider is also available to enable you to partial cash out your bet. You can cash out whatever percentage you want and also as many times as you want. Cash out is available in most sports and markets where there is large enough liquidity available to facilitate the automated cash out functionality. You MUST HAVE a Betfair exchange account if you are serious about your betting.
Betfred Cash Out- Recommended
Do not miss their Lucky 15 bet offer - Get triple odds for 1 winner in your lucky 15 bet!
Betfred is one of the most established names in UK betting history. While it was once known more for its brick and mortar high street bookmaker shops, it has totally revamped its online betting offering. In fact our Betfred review 2020 gave it a very impressive 4.6/5.0 (92%) rating, and should be one of your default betting accounts to use when shopping for the best price.
Betfred CashOut is a feature offered on various single and multiple bets on various sports including horse-racing (both win and each way), football and golf. CashOut gives you the chance to settle your bet early at the value shown without having to wait for the event to end. The sum offered to CashOut is dependent on your initial bet, the status of any selections already made and the current market price(s) of your unsettled pick (s). There could be more or less of the CashOut total than your original stake.
When you are ready for CashOut on Betfred, simply press the CashOut button to lock in a profit if your bet comes in or if your bet goes against you, cut your losses.
At any moment, you can opt to accept the sum offered by CashOut or let the bet proceed to its natural conclusion.
Betfair Sportsbook Cash Out - Recommended
Most innovative bookmaker - leaders in betting technology
As mentioned above, Betfair introduced their cash out to the exchange in 2011 but it wasn’t until 2013 that the function became available on the sportsbook.
It unsurprisingly has the same functionality as the Exchange cash out, allowing you to cash out a portion of your bet or the full stake. You will know that a market has the cash out available if you see the cash out icon.
There is no doubt that BetFair offers one of the best early encashment facilities on the market. They have been the pioneers of this function so they’ve had the longest to perfect it.
Boylesports Cash Out - Recommended
Great variety of betting promotions for existing customers...
This Irish based bookie recently increased the number of sports where cash out applies. With the increased range of sports and markets, you are bound to experience a wholesome betting experience on the platform.
The one drawback with Boylesports is that they do not currently offer cash out option on horse racing. However, they more than make up for it by offering it on a host of popular a diverse sports like football, basketball, GAA, rugby, darts, snooker, hockey, tennis, golf and more.
More Cash Out Betting Sites in UK & Ireland
10Bet Betting Site (Full and Partial Cashouts)
Unlike other bookies, 10Bet didn’t rush their cash out function. It is available on desktop and mobile and we believe through personal use that there are few very few issues with it.
Like the majority of other reputable firms, they offer both full and partial cash out. In the “My Bets” section a cash out button will appear, if partial cash out is available it will appear to the right of this.
Once this is clicked a slider will appear, allowing you to decide how much of your bet to liquidate. 10Bet has 60,000+ events online at any one time, meaning you can cash out on an array of events.
William Hill Betting Sites (Cash In My Bet)
William Hill first introduced “cash in” in December 2012 then in January 2014 the function was launched on mobile. Partial cash out is available but it is worth noting that is limited to £50,000, which is lower than many other firms.
Their partial cash in system works in a similar way to all the other major bookies. You simply adjust the slider which appears at the bottom of your bet. Once you’re happy with the cash in amount, click “Cash In”.
The Cash In My Bet function is available across a wide range of sports including football, horse racing, darts and tennis to name but a few. This also includes in play and outright tournament selections.
888sport Cash Out Betting Site
888sport betting site allows cash out for single bets in basketball, tennis, and soccer markets. Unfortunately, their option is unavailable on other sports.
But for the games that this feature is available, it can gift your betting life with great cash out values.
MansionBet Cash Out Betting Site
This is one of the best and youngest betting sites on this list. But despite its young age, the founders wasted no time setting up a cash out feature. Currently, they offer partial cashing out on NFL and football bets.
The partial feature goes a long way to helping you keep your bet alive and to make a better decision given new circumstances of the event.
Ladbrokes Betting site
This bookie is one of the pioneers of cash out options, so it makes sense that it’ll make the list. And like with everything else on their site, the cash out feature is relatively easy to use.
Also, this option is available for a range of sports and markets (more than what other bookies offer).
Also, Ladbrokes allows you to edit live bets, which in a way can be considered as a type of encashment. Even better, the payout limits for their feature is similar to that on other bets. This means they offer the highest payout in the industry.
Coral Betting Website
Coral is one of the most respected UK bookies. This is partly because it has good odds and because it has been around for a long time. With their experience, they offer a great betting experience through their features and functions like cashing out. They have both a partial and full cash out option that works best in their app.
Paddy Power Betting Portal
This is yet another great bookie on the list. It offers partial and full cash out, which puts it at the same level as Betfair (this makes sense since the two bookies merged in 2019).
However, you should keep tabs on events in your bets that may not have in-play. For instance, lower league football and some obscure football leagues don’t have in-play. So if these are part of your bet, this cool feature is not an option.
Betway Betting Experience
Betway is a beast bookie in many countries. And as a beast, you expect it to have some of the best features and betting experiences. And it does.
It offers both partial and full encashment options to its customers on a range of sports and markets. Also, you can use this feature on the desktop site or the mobile app.
32Red offers a basic cash out options on various events, and from time to time, it runs promotions on the cashouts.
BetVictor is a great betting site with a lot of perks. Though it may not be the finest design we have tried, it has great odds and a good markets that allow cashing out. It’s also easy to locate and access the qualifying markets on the site. It has both full and partial functionality available for cashing out.
The cash out option for this bookie is impressive. While many bookies shy away from multiple bet cash outs, it embraces them. Players cashing out on single bets receive a low amount while those with multi bets can sell one of their remaining bets. The amount, in this case, is determined by the current odds.
BetRegal has a cash out option on both accumulators and single bets. Once it out goes through, the amount reflects on your account instantly. You can complete the process on your mobile or desktop.
Bwin offers cash out options on multi and single bets. However, like with other sites, the outcome isn’t guaranteed and depends on the market popularity.
The cash out option on GentingBet is available on Horse Racing, Football, and some select tennis events. Not all bookmakers have it available for horse racing so this is a welcome benefit.
Though it’s not one of the most known betting sites, it’s not left behind in the cash out feature arena. It offers in-play and pre-play options to its punters to mitigate risks and maximize profits.
LVBet has a heavily integrated cash out feature throughout the platform. And while it applies to a wide range of sports and markets, it doesn’t apply to bonus bets.
Mr Green’s cash out is only available for a handful of events. And even for those events that it applies to, it is not available throughout. You’ll have to check their terms and conditions to understand how it works.
The cash out on this platform is available on a few markets and sports for the multiple bets and single bets made during or before the game. However, the option isn’t available for bets placed with a free bet.
Since not all bets are eligible for cash out on QuinnBet, they offer a list for those that qualify. This way, you know your options before placing a bet.
The beauty of this site is that it has three types of cash out: prematch, in play, and partial. However, they issue a warning that this feature is to their discretion.
SportNation helps you manage your bets better with their full and partial casing out options. However, they too have terms and conditions for the same.
Unibet’s cash out system is comprehensive. It offers this functionality on:
- Tennis outright markets
- Football outright markets (relegation and winner)
- Live football bets
- Over 20 pre-match football bet
Cash out Betting Options Explained
Full Cash out Option On Betting Sites
Betting sites use different and sometimes confusing words and phrases to refer to a simple concept. So at this point, forget all the marketing you’ve heard and read. Cash out is simply a way to settle your bet early but you end up getting a lower payout.
The whole point of this feature is to allow you to mitigate your risks and losses after assessing the progress of the game. If you use it sensibly, it could potentially increase your winnings and significantly reduce your losses in the long run. However, without a strategy, it could drastically reduce your winnings over time.
Now, the cashed out amount varies from one betting site to another. But generally, the formula used in its calculation factors in the original bet odds and the odds at the moment you are cashing out. And as pointed out above, a punter can use the feature to mitigate losses or maximize profits.
Regardless of your perspective, the amount you get after cashing out will be less than what you’d have won had you waited for the bet to complete.
Partial Cash out Option On Betting Sites
This is a great intermediate cash out option that allows you to cash out odds available for a percentage of your stake. The rest of your stake is left to ride on the original bet. Some betting sites like Betfair allow partial cashing out with any stake amount greater than the minimum stake while other betting sites like Coral restrict the stake to increments of 10%.
Also, it’s worth noting that the rules of partial cashing out vary depending on the betting site you choose. For instance, some sites will pay at the prevailing odds at the time of cashing out and let the remaining stake run at the original odds. However, some bookies like Paddy Power allows you to switch the remaining stake from the original odds to the current odds. This flexibility might work for you or against you depending on the bet.
Auto Cash out Option On Betting Sites
This feature lets you set rules for the cash out if the payout amount hits a threshold you had set.
You can set your desired payout at which point you can decide whether you’d like to encash your entire stake or only a percentage (in other terms an auto partial cash out). Once you set the parameters for your encashment, you can log out and go about your normal routine knowing your bet will automatically apply once it hits your specified threshold.
Note that the encashment rules can be set at any time before the event starts.
How is Cash out Amount Calculated?
Bookies calculate cash out by considering potential winnings from your bet and the current odds at the time of cash out.
Cash out Example
Here’s an example to get a better understanding
If you bet $10 for Portugal to win the match at 4.00 (decimal odds, otherwise known as 3/1 fractional odds) and by half-time, they are leading, the new odds in the second half will be 2.00 (or 1/1 or evens in fractional odds).
If we ignore the bookies’ margins, a true fair amount based on market prices will be calculated as indicated below:
True cash out amount = potential win/current odds
So in the example above, a correct and true cashout amount would be;
$40/2.0 = $20.
However, the bookie will not give this offer. Instead, it’ll add its margins to the current odds and an extra margin. So in the above example, the cashed out value might be $19 or less. Eventually, the calculations made will reduce your potential winnings.
Cash out Betting Strategies
Even though your winnings are reduced with this feature, you are still better off winning than losing. Below are some of the winning strategies.
Use the stats available
We’d like to think that before you place a bet, you’ve researched your picks and analysed them against the odds offered. Researching and using the available analytics on the site is a crucial part of creating a winning strategy.
Though your bookie will provide the analytics, it’s up to you to decide which stats to consider during the event. For instance, from experience, you know that most goals are scored in the last half hour of the match. Though this is never a guarantee, it can help you make an informed and calculated decision.
Follow your instincts
There’s a reason you placed your bet. So even when the match seems to be going sideways, it helps to tap into the faith you had at the start.
Look at your situation as ‘glass half full’
Remind yourself that getting a portion of your bet is better than nothing. Consider the process as part of being a safe punter. Having a positive attitude will carry you through trying betting storms.
Most Popular Markets for Cash out Betting
If you want to turn into a cash out punter, you have to think beyond live football matches. Sure, the football market has the feature almost guaranteed, but there are other great markets you can experiment with and ‘win’ in.
For instance, you could try the over 3.5 Goals market. Say you place a 5-fold bet and four events meet the 4 goals target. You can opt to cash out but then again, from experience, you know that more goals are scored towards the end of the event than in the beginning. In such a situation, do you hold out for the 5th event knowing that even if more goals are scored, the outcome of your bet remains the same?
Other strong markets to look into include:
- Correct Score
- Match Result
- Both Teams to Score
- Next Team to Score
- Double Chance
- Half/Full Time
- First Half Correct Score
- First Half/Second Half Result
- To Win and BTTS, BTTs in First/Second Half
- Goal in Both Halves
- Outright Markets
- Number of Teams to Score
What Bet Types Can’t I Cash out?
Every betting site has a hand full of betting markets where the feature doesn’t apply. Usually, bookies state that cash out is never guaranteed for any bet but generally they apply to multiple and single bets.
Usually, cash outs do not work for each-way bets in many betting markets. This is mainly because an each-way wager is split between a place bet and a win bet.
The place bet terms are different depending on the event. For instance, in the football betting market, some sites will not offer this feature on markets, including Wincast and Scorecast because they are a combination of multiple selections. Moreover, you might face restrictions with Handicap Match Results.
If you bet on horse racing, you’ll realise that the Tote-related bets like Jackpot and Placepot aren’t eligible for cashing out. Also, any potential bonus that can come from a multiple bet like Lucky 15 and accumulators don’t count. This means that if you choose this option on a multiple bet, you’ll lose the potential bonus.
Best Betting Websites With Cash Out Betting Functionality Conclusion
The above 8 entries (Betfair has two entries!) are our recommended betting websites that offer cash out functionality. This punter friendly tool was one of the most innovative functionalities introduced in the past 10 years and was definitely designed more with the punter in mind then the bookie's bottom line. It gives punters another way to win their bet and while using the cash out functionality stops you hitting a six-figure plus payout, it also can save you from making ZERO on your long shot multiples and accumulators.
Cash Out Betting FAQ
What are the recommended betting sites for cash out?
We recommend Bet365, Betfair Exchange, Betfred, Betfair sportsbook and Boylesports because not only are they trusted gambling site but you can avail of this functionality on a huge variety of sports if you use all these 5 online betting sites.
When can you not apply this functionality on cash out betting sites?
You need to read the terms and conditions carefully on each site so you fully understand when and when it cannot be used. Main thing to note is that you cannot apply cash out when using free bets or bonus money. Also note that some will offer cash out pre market but not in play. Also note that sometimes your bet will be denied if the odds changed while you are placing you cash out option.
If you think we missed a worthy inclusion from this best cash out sites article, please let us know here.