Jason Heavey

Cash Out My Bet

by Jason Heavey

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Cash Out My Bet

Most of us have seen Deal Or No Deal, the show that revived the flagging career of Noel Edmonds. Players in the Channel 4 programme are offered a cash deal by the Banker and have to decide whether to accept it or play on to try to win more money, in the knowledge that they might lose what they’ve got.

Cash Out betting follows a similar format and is a growing trend among bookmakers. Essentially it means punters no longer have to wait for their bet to finish to pocket a profit. Similarly, if a bet, whether it is a horse race, a football match or another sport, is going wrong then punters than cut their losses by cashing out early.

Stick or twist

Cash Out has given punters an extra dimension to consider after placing a bet. It can be especially useful for accumulators and multiple bets.

For example, if you do a Lucky 31 and the first three horses win, it will be sorely tempting to Cash Out depending on what the bookie is offering. It’s deal or no deal or stick or twist. It makes betting more exciting. If the last two horses in the Lucky 31 both lose, then you might regret not cashing out. But if you cash out after three winners and the remaining two nags romp to victory then you could miss out on a fortune.

Cash Out is very popular when it comes to football accumulators, which are popular with younger punters. You could receive a tempting Cash Out offer if you do a 10-match accumulator and all your teams are winning. The onus is on the punter to make that judgement call.

Betfair has led the way with Cash Out betting and offers it on a majority of bets, whether it is singles or multiples. Other bookies, including the traditional High Street names, are playing catch-up and most are now offering Cash Out betting but only on a limited number of events.

Fastest finger first

Cashing out on live horse racing has its pitfalls. Take a 5f sprint. If you have a tenner on the nose on a certain horse and watch it live then the Cash Out dividend will change by the second. So you have to make a snap judgement as to whether the horse is going to win or lose. Then you need to be quick and click the Cash Out button. If you’re too slow the bookie will decline to Cash Out because the odds have changed in that split second. Then you have to refresh the offer and quickly try again. This can be tricky.

Some bookies also offer Partial Cash Out and this benefits punters who are undecided about which way a live bet is going to go. So they can Cash Out a part of the punt and let the rest of it play out.

This lets bettors collect some of their winnings but also leaves some of their stake on but at least they can lock in a profit whatever the result.

It is vital to read the smallprint and consult individual bookies’ Ts and Cs to find out what they offer and which events come with the Cash Out offer.

Be lucky!