Best betting sites with cash out 2023

What is cash out betting?

Cash out betting is an option available at most betting sites these days as a way of offering a customer the chance to reassess their position on a live (still running) wager.

Sports bettors who used betting exchanges as far back as 20 years ago will be extremely familiar with the concept of doing this, thanks to the exchange’s unique characteristic of customers being able to both back and lay.
You’d hear people talking about a ‘free bet’ or a ‘Green Book’, both situations where the customer could no longer lose on their bet but could certainly win on it.

Initially, the best-known of the betting exchanges offered the Cash Out option on the actual exchange back in 2018. Sportsbooks were quick to see the potential of it and these days most online bookies are Cash Out betting sites. The way it works on Sportsbooks follows the same model as it did on the Exchange five years ago. The Sportsbook is essentially making the customer an ‘offer’ on their live bet. At its most basic level, the offer can mean one of two things for the customer.

Locking in profits and reducing losses

If the initial bet has shortened in odds in relation to when it was placed, the Cash Out will result in the customer being able to recover the value of their stake and walk away with a profit.

The amount of profit depends on the difference in odds between when the bet was placed and the bet’s current odds. The bigger the difference between those two sets of odds, the bigger the profit for the customer.

What will never happen is the offer being the same, much less greater, than what the customer was set to win if they saw the bet out till the end.

That would defy the purpose of Cash Out offers in the first place. After all, why would the betting site pay out the full amount when there’s still the possibility the bet could be a winner for the bookie and a loser for the customer?

The second option is for the customer to reduce what they might lose. If they place a 20GBP bet at 2.0 and it drifts to 3.0, they can accept a Cash Out offer where they at least get some of that money back if they think it’s not going to win. The trade-off is that as soon as the Cash Out is accepted, the bet becomes dead and whether it goes on to win or lose, becomes irrelevant.

Recommended cash out betting sites

Let’s look at some of the best Cash Out betting sites.

• 888
• Bet365
• Boyle Sports
• Spreadex
• Ladbrokes
• Betfred
• BetVictor

888

888sport are one of the veterans of the iGaming industry, having been around since 1997, when the concept of online gambling first started. It’s perhaps best known for the Poker arm of its business (888Poker) but its Sportsbook has become increasingly popular and is particularly well-known for its ‘specials’ markets.

Pros

• Has history and legacy on its side with 25 years of experience so plenty of time to fine-tune its product.
• Rich in ongoing promotions including tipping competitions that you can play for free.
• Distinctive black and orange site is attractive, easy to use, and easy on the eye.
• Particularly good reputation when it comes to safety and security.

Cons

• Other sites have better live betting and live streaming products
• Has a reputation for placing limits on winning customers.

One of the interesting aspects of the Cash Out feature at 888 is that you can use it to Cash Out pre-match accumulator bets on selected football matches. So, if you placed a three-way accumulator pre-match, you could use the Cash Out function, whether it’s to lock in a profit or reduce a liability.

Bet365

Arguably the most famous betting company in the whole world, they’re one of those who are just everywhere. From TV adverts to football shirt sponsorships, to pop-up adverts on websites. It’s hard to pinpoint the exact secret of their success other than to say they do just about everything extremely well.

Pros

• Exceptional Live Betting product with endless Live markets on just about every important sporting event in the world
• Probably offer more live-streamed events than any other betting company.
• Offer betting on some of the more obscure sports that other betting sites ignore.
• One-stop shop for sports results across numerous sports on their own site.

Cons

• Rarely offer the highest odds on anything.
• Other sites have more interesting and in-depth blogs.

Whereas most sites allow Cash Out on football, Bet365 goes the extra mile by also offering the feature on the likes of tennis, horseracing, cricket and basketball. This gives fans of other sports beyond football the chance to use this feature, as well.

BoyleSports

If Ireland’s largest independent bookmaker were a cricketer, they’d be an old pro of an all-rounder. By that we mean they do everything very well but perhaps aren’t top-of-the-class when it comes to one specific thing. But you’ll rarely be disappointed with them.

Pros

• Native Mobile App for iOS and Android.
• VIP Program rewards the more loyal and active customers
• Good Bet Builder product for those who like it.
• Customer Service is regarded as one of the most efficient.

Cons

• Available in English only.
• Don’t offer bets on the fast-growing eSports.

Like Bet365, the sports they have Cash Out for go way beyond football. There’s also tennis, snooker, darts, rugby, cricket, basketball, baseball, basketball. And being an Irish company, also GAA. The latter is almost unheard of as a sport you can use Cash Out out on across the industry.

Spreadex

They’re best known as a spread betting firm, offering it on financials and sports. But in 2006 they added fixed-odds sports betting to their product and have set plenty of records in the mid-noughties for being one of the most profitable organisations in the whole of the UK. They consistently pick up some of the most coveted awards in the gambling industry, especially when it comes to Customer Service.

Pros

• Superb sports spread betting products to go with their fixed-odds sports betting.
• Also boast a financial trading product.
• Their Customer Service regularly wins some of the biggest awards.
• Provide useful and easy-to-follow content about spread betting for beginners.

Cons

• Website has a slightly cluttered appearance to it.
• Rival websites have far more payment options.

Are one of the cash out bookmakers in the UK who offer the auto cash out option. We explain below in greater detail what that means but essentially it allows you to determine a level of profit you want to take and let the site automatically cash out when it reaches that number, without you physically having to do it yourself.

Ladbrokes

They’ve been around forever and the reason they continue to be among the biggest and the best is quite simply, their consistency. Have gained a reputation as a bookmaker you can trust, are never associated with bad press, and they keep looking after their customers; 100-odd years after first starting out in the gambling business.

Pros

• One of the best-designed sites on the market with everything incredibly easy to find.
• Offer betting on just about any sport you can think of, including rowing, fishing, surfing, and beach volleyball.
• Lots of variety when it comes to promotion across different sports.
• Live Betting product updates odds particularly quickly.

Cons

• Sign-up offer not as good as you’d expect from a bookie of their stature.
• Don’t operate in too many countries.

The Cash out feature is available across 10 different sports, on both single and multiple bets and both pre-match and in-play. All of which gives customers plenty of control over their Cash Out betting.

Betfred

Its founder, Fred Done, became known as the ‘Bonus King’ for the betting site’s love of offering more, more valuable, and more varied promotions than just about any other. They also often paid out on bets early (a form of Cash Out some 25 years ago!) and have a big presence in brick-and-mortar shops as well as online.

Pros

• The place to go for those who love promos.
• Accepts almost any payment method you can think of.
• Huge experience means it’s well-prepared for change and adapting to changing landscapes.
• ‘Next Event’ feature means you know exactly which events are about to start, so you never miss a thing.

Cons

• Livestreaming is only available in UK and Ireland.
• Withdrawals can take longer than necessary.

BetVictor

A real family business with Wiliam Chandler leaving the company to son Victor Sr, who was then succeeded by Victor Jr. Formerly known as Victor Chandler, before becoming BetVictor in 2021. You’ll probably have seen them sponsor major events in sports like snooker and darts, in addition to Premier League side Fulham FC in the past.

Pros

• One of the most generous welcome offers.
• Good quality blog with insightful content and well-informed tips.
• Trademarked Back of the Net Insurance gives customers peace of mind.
• Lots of banking options for both deposits and withdrawals.

Cons

• Account could be shut down if you don’t bet for a while.
• Slow when responding to Customer Service emails.

BetVictor offers Cash Out betting on horseracing. Horseracing is one of the more unpredictable sports, especially when it comes to jumps because your horse can (literally) fall at the last hurdle. So being able to Cash Out on racing is a valuable feature to ensure last-hurdle heartbreak.

Types of Cash Out offers

Partial cash out

This type of Cash Out betting pretty much does what it says on the tin. In other words, part of your bet is cashed out and the other part is left to run.

You establish this by selecting the percentage of the bet that you want to cash out, normally between 10% and 90%, depending on the bookie in question. You also have the option to further partially cash out; this feature isn’t limited to you doing it just once.

Example:

You place a bet on Arsenal to beat Manchester City. With Arsenal 1-0 up after 60 minutes, the (regular) Cash Out offer is 100 GBP. But you decide to partially cash out. You can choose to cash out 50% meaning that 50GBP is instantly banked and the other 50GBP is left to ride.

If Arsenal goes on to win, you’ll also win the remaining 50GBP for a total of 100GBP but if they don’t, you at least partially cashed out that first 50GBP.

Pros

• Allows you to be both conservative and risky. One part is safe in the bank, the other part is a gamble that can win you even more.
• Allows you to reassess your position rather than just making a one-off Cash Out decision you might regret.

Cons

• You lose value on each partial cash out meaning multiple partial cash outs see you give too much back to the bookie.

Auto Cash Out

Auto cash out removes the need to be actively following the progress of your bet.
It’s just like someone playing the stock market and putting in a request on their trading platform so they automatically take a profit when the shares of the company they invested in reach a certain profit.

The customer will simply have to decide in advance the level of profit they want to take- anywhere between the value of the Cash Out at the time and the maximum amount they can win- and execute the process on the site. And then just hope that the bet at some stage reaches that level of profit.

Example:

A customer places a bet that there will be five or more yellow cards in Manchester United v Chelsea.

The customer knows that they’ll be at a wedding during the match, so not in a position to monitor the progress of their bet and manually Cash Out. They also know that they’re placing a big bet so want to avoid losing their stake in the pursuit of a really big win.

The cash out amount at the time they place the bet is 200 GBP. They figure that three yellow cards by half-time or four before the 70th minute should allow them to cash out at 150GBP. So, they use the auto cash out function.

As long as there are a few cards early on in the game, they should be able to lock in that pre-determined profit despite being nowhere near a computer or phone.

Pros

• Avoids the need to be constantly monitoring the progress of the bet when it’s not practical or possible.
• Suits customers who like to plan ahead rather than going on instinct at the time.

Cons

• Doesn’t allow you to objectively access whether it’s a good idea to cash out at a precise time or whether it’s best to let it ride.

In play cash out

Most cash out opportunities come when a bet is in play. In-play means that the game/race is in progress. So, for example, a bet on over 2.5 goals in a football match is in-play from the opening whistle to the last. Unless of course the third goal of the match is scored, at which point the bet becomes a winner.

But not all bets need to be cashed out in play. It’s possible that you place a bet on Arsenal to beat Liverpool on Monday at 3.2. By Saturday morning Arsenal might be 2.7 as a result of some injuries in the Liverpool camp, meaning you can cash out for a profit before the game even begins.

But let’s focus on the in-play side of things.

When to cash out?

That’s both the million-dollar question and the impossible-to-answer question.

Perhaps the best answer is that you should judge each bet on its merits. A more conservative punter may decide that in all cases where they can recover their stake and make a profit of 50% on their bet, they should Cash Out for that.

The problem with that approach is that they’re not judging each bet on its merits. There will be situations where they’ll be missing out on the full payout by being loyal to that approach. Others where it makes sense to do so. And others, where the smart call is to cash out for a loss on a bet you really don’t think, will win.

When is Cash Out not Available?

The Cash out option isn’t available 100% of the time so be aware of this. Here are a few instances when it won’t be, although this varies a bit among different cash out betting sites.

• The cash out value is less than the free bet stake if you used one.
• The market you bet on doesn’t offer cash out on it e.g., Asian handicap.
• The market you bet on is not an in-play market.
• The market is suspended due to a key incident like a penalty or a VAR decision.
• A market previously advertised as in-play doesn’t go in-play for technical reasons e.g. The operator loses TV pictures.

Which sports can cash out be used on?

Not all betting sites offer Cash out betting, but most do. And those that do, will always have football.
Among those who do, the (other) sports they may offer Cash Out on varies. But here are some examples of the more common ones in the UK: cricket, tennis, horseracing, rugby, darts, basketball, boxing, snooker, and GAA.

Common Terms and Conditions

The section above on when Cash Out isn’t available is a good starting point for when you won’t be able to Cash Out. An obvious addition to that is when Cash Out is never available on a particular sport.

Here are a few Ts and Cs that often pop. But as ever, each bookmaker will have their own:

• There may be a maximum amount of times you can partially Cash Out on a particular bet.
• The bookie isn’t responsible if the Cash Out option wasn’t available due to the market being suspended and the bet was in a worse Cash Out position when the market reopened.
• There may be a minimum and maximum limit for how much you can Cash Out on any given bet.
• A Cash Out bet may be later voided if there was evidence of fraud, collusion, or an obvious error

Summary

The Cash Out betting option is one of the most important features to have been introduced to Sportsbooks in recent years. It gives customers a lot more options when it comes to managing their bets. Conservative customers can regularly avoid losing their stakes thanks to it and let the rest ride, while an often-overlooked benefit of it is to use Cash Out to recover a part of your stake rather than losing the lot.

For others, it’s a case of peace of mind in that you can lock in a profit without stressing about your bet till the bitter end.
The additional types of Cash Out like Auto Cash Out and Partial Cash out give you even more options as to the level of risk you want to undertake or allow you to lock in profits without needing to follow the action.
And one of the beauties of it is you don’t need to be a maths whizz. The site works it all out for you and clearly displays your options.
The flipside to all this is that customers can be tempted to overuse it. Before its introduction, a smart and winning customer would have no choice but to let their bet ride till its conclusion.

Overusing Cash Out means you’re missing out on full pay-outs and letting the bookies off the hook on bets you would have won. This is particularly true because the bookie always adds a margin to the Cash Out, meaning the amount you’re getting is always slightly less than what it should be.
So, by all means, use it and there will be times when you’ll seriously benefit from Cash Out. But think about each actual bet individually rather than applying a one-size-fits-all approach.