• Best Sports Betting Site
• Betting Sites With Cash Out In Uganda
• Betting Sites With Cash Out Options

I’ve got some exciting news for you! Bovada has announced the release of a new Cash Out feature for its sportsbook. This option has been available to players from other parts of the world for years now, but it’s the first time that US bettors will have it at their disposal.

I think that’s a good reason to take a closer look at how cash out works, including the pros and the cons of the feature. Since I regularly travel between the USA and Europe, I’ve used it in the past. For this guide, I will be speaking from personal experience.

1. Best Betting sites to cash out. Long are the days that you will wait for your bet to end for you to cash out your money. Nowadays, there so many betting sites that allow you to take your profits as early as you can. This option is now widely used in many betting sites, and players can cash out the accumulated profits.
2. A lot of people love the Cash Out feature and use it all the time, which is a huge mistake. The reality is that the betting sites are pushing the option for a good reason. You will understand what I mean after I go through the negative sides.

Cash out betting sites with partial cash out will give you the ability to cash out some of the bet without closing it. That way, you can take away your risk but keep the potential of walking home with a profit. For example, you could cash out your £10 and keep the current cash out.

Before I explore the best and the worst of Cash Out, let me just clarify that Bovada has released it for both pre-game and live betting for several popular sports for now. Considering the rapid rise of the innovation in Europe, I expect to see Cash Out available for most events and betting markets soon.

Let’s start with a simple explanation of the main concept behind the feature. Cash Out allows each player to close a wager before the event is finished. For example, let’s say that you back the Warriors to beat the Rockets in a game from the NBA regular season.

The encounter is close and the Warriors are slightly ahead with five minutes left, so you don’t want to risk it. Instead of waiting for the game to finish and potentially losing everything, you can now use Cash Out and settle your bet right there.

Naturally, you won’t receive the same return as you normally would if you wait for the Warriors to win the game. However, since they are ahead, you will most certainly lock a profit.

It’s possible that you could actually Cash Out at a loss, too, if the Warriors were losing the game when you used the feature.

I’m sure that some of you have been using similar tactics in the past, just not automatically. In the example above, you can achieve the same result by backing the Rockets to win the match with a second bet. However, it takes time and effort to calculate the exact stake so that you get the desired return.

Furthermore, the odds change frequently once the event is live, and there are some markets that aren’t so straightforward. The Cash Out feature solves all of these issues by giving you the opportunity to close the wager with a single click.

Such flexibility can be really useful, but it comes at a price. You are giving up on some of your potential profits and some of the value you found initially when you use the Cash Out feature. With that in mind, let’s move on to the advantages and disadvantages of Cash Out.

Here are the positives of using Bovada’s new Cash Out feature.

Every experienced gambler knows that sports betting includes a lot of variance. Even if you are a long-term winner with a proven system, your results depend on luck in the short run. We’ve all been on the receiving end of last-minute winners for the other team or other dramatic events right at the end of various sporting events.

It’s extremely frustrating, and it could cost you a lot of money. Additionally, there are cases in which you simply have the nagging feeling that something bad is going to happen. Well, you can now do something about it with Bovada’s Cash Out option.

You can avoid the late comebacks and watch the rest of the game as a mere spectator. Simply close the bet and enjoy your profits. Of course, Cash Out can also be used in the opposite situation, when things aren’t going your way. There are some dire situations when you’ve completely written off your bet. After the release of the new feature, you can save some of your initial investment by closing the wager.

What Cash Out achieves with only one click is remarkable. Most pro users have been doing all sorts of gymnastics to execute techniques like green markets, hedging, and similar for years. You can now get the same result with only a few clicks.

Simply imagine the following. You place your wager and start watching the game. You want to secure your profits, but Cash Out is not available. You need to calculate the exact stake based on your initial investments and odds, as well as the current price.

By the time you do it, the odds will probably change, and you’ll have to start all over again. It’s a risky and time-consuming endeavor. Or at least it was before Cash Out was released. The feature allows you to instantly close the bet.

I firmly believe that one of the best uses of Cash Out is to secure big hits. There are different scenarios here, like placing a wager that’s unusually large and important for your bankroll or going after a fun bet on an insane price.

The point is, there are occasions in which there’s a lot of money on the line. When that happens, you better not leave it only to luck. If things are going your way, the wise choice would be to give up on a small portion of your winnings and collect the rest.

A lot of people love the Cash Out feature and use it all the time, which is a huge mistake. The reality is that the betting sites are pushing the option for a good reason. You will understand what I mean after I go through the negative sides.

My single biggest issue with the Cash Out feature is that you are giving up on value. The bookmakers are not offering a fair price, because they apply a certain margin. To understand this better, let’s look at an example.

Let’s say you place $10 on a price of +100 on the Warriors to beat the Rockets. Your expected return is $20. The game starts, and everything is going according to plan. The Warriors are leading by 10 points in the middle of the fourth quarter.

They are a huge favorite to win at this point. For the sake of the example, let’s assume that they are exactly an 80% favorite to grab the victory. That means, once you’ve reached this particular point, you have an 80% chance of winning $20 and a 20% chance of losing everything.

The simple calculation shows that your initial $10 wager is currently worth $16. The problem is that the bookmaker won’t give you $16 to Cash Out. You will be offered something in the region of $15.20 to close the bet. Essentially, you will “pay” $0.80 for the service, and that’s not worth it in the long run. Using the Cash Out feature too often can have a negative impact on your long-term results.

I don’t think that Bovada has changed the terms and conditions of the current bonuses and promotions to include the Cash Out feature yet, but based on my experience with European bookmakers, I’m sure that’s inevitable.

Simply put, the bets that are paid out with the Cash Out feature don’t count for the wagering requirements of the special deals. If you’re clearing a bonus, using the feature will slow you down significantly. It’s not the end of the world, but it’s something you should consider.

That’s important since Bovada just changed its Bitcoin welcome bonuses, and some of you might want to take advantage of that. You now can obtain 75% of your first deposit up to $750 for sports betting and 125% up to $1,250 for casino games.

It’s time to try and answer the big question. Should you use the Cash Out feature? Well, that depends. You shouldn’t use it frequently, and you should be selective, but that doesn’t mean to ignore it altogether. There are several situations that can be considered.

The first and obvious one would be to secure significant profits. If there’s a ton of money on the line, you should certainly contemplate Cashing Out.

The other scenario would be to actually find a situation in which there’s positive value for you, similarly to the way you discover it in your standard bets. If you think that the probability of a certain outcome is higher than what the return from the Cash Out feature suggests, go for it.

Finally, sometimes you simply need a win to end a bad streak. We’ve all been there, and it’s good to make money from some of your wagers when that happens. You can restore some of your confidence, regroup, and move on.

My honest opinion is that having the Cash Out feature at your disposal is better. I expect more of the leading US betting sites to include it in the near future now that Bovada has opened the floodgates.

You can visit Bovada to check this feature out for yourself. Be sure to take advantage of it, but always be sensible with your wagers!

If you’ve ever wanted to lock in a guaranteed profit from your bet, before the match, race or other sporting event has even finished, then the cash out option is exactly what you’ve been looking for. More and more online bookmakers now offer cash out, and it’s now available on their mobile betting apps as well.

In this detailed guide, we’ll show you the best cash out betting sites for any mobile device. We’ll also look at some of the pros and cons of cashing out a bet, and answer all your questions. So let’s get started…

Best Betting App For Cash Out

If you already know what the cash out function does, and are simply looking for the best place to do it, then you don’t need to go any further. We can tell you right now that based on our tests and personal experience, bet365 is by far and away the best option.

#1 For Cash Out In Play

This is the best site for live betting, hands down. If you want a site that offers cash out, bet365 were found to be very fast and reliable, and it’s also available on a wide range of sports. Highly recommended.

Using the bet365 app or website you can also do a partial cash out – more details on how this works below.

They also offer a unique Auto Cash Out function. This is a superb feature which lets you decide on the amount of profit you want in advance!

You will be given the option to create an Auto Cash Out request once you have placed your bet. If the Cash Out value reaches or exceeds the threshold you have set, your bet will automatically be settled and the funds added to your balance.

If you’re still new to all this and want to find out a little more first, then read on. We’ll explain how cash out works and which other betting apps offer it.

What Is Cash Out Betting?

Cash out is a great feature which allows you to take the money from your winning bets at any time before the bet is settled. This is really useful if you’re watching a match, and you’re concerned that your team aren’t performing as well as they should.

Or if you have an acca where the first few results have come in, and you want to take your money now, rather than risk losing your stake if one of the remaining results don’t work out.

By cashing out your bet, you can take the profit amount on offer at any time. As soon as your cash out is confirmed, your return is guaranteed and it doesn’t matter what happens from then on. You can sit back and relax, knowing that your stake has been returned to your account, and your winnings are already in the bank!

Which Betting Sites Offer Cash Out?

Remember we’ve already recommended the best app above, but if you’re looking for other options then here they are. It’s available with any of the mobile bookies listed below. Just click the link or the button to get started…

As you can see there are a number of options in terms of online betting sites that have a cash out function. To make it easier for you to choose, we’ve listed them in order of their overall rating, with the best betting sites at the top. However, sites or apps that we don’t recommend at all aren’t listed.

How To Use Cash Out On Your Mobile

Cashing in a bet is very simple. The exact process may vary slightly depending on which bookmaker or app you’re using, but the basics are the same and the button to cash out is always displayed very prominently.

The first thing you need to do is to open an account with any of the bookies listed above. Then place your bet – it can be either a single or a multiple.

You will be able to settle your bet at any time up until the bet is settled. This can be in-play, or in-between events if you have a multiple or accumulator.

Use either your iPhone or Android app, or the bookie’s mobile site, to check your open bets. Next to each one you will be able to see the cash out value. This is the amount that you can take right now to cash in your bet. Just click the button and wait for your bet settlement to be confirmed. As soon as it is, the profit is locked in and guaranteed!

There are many advantages to using this feature and providing you use it sparingly and sensibly, you could easily end up making a lot more money. The key is not to panic, and to only cash in your bet when you have analysed that there is a real risk of the result turning against you.

If you react too soon then you’re only handing profit back to the bookmaker. But if you actually watch the match and make a decision based on fact rather than emotion, then this is going to be a valuable tool for any in-play betting fan.

Should I Cash Out My Bet? Pros And Cons

Best Sports Betting Site

Most people who enjoy sports betting do it for fun, but also because they ideally want to make a profit. One way to succeed is to have accounts at different bookmakers and shop around to get the best betting odds. But now cash out is available it gives us another way to potentially make our betting more profitable.

There are lots of reasons to use this feature, but as with anything there are pros and cons to consider. So deciding whether to cash out a bet isn’t always a straightforward decision.

Pros

• Bank a guaranteed return whatever happens.
• Sit back, relax and enjoy the rest of the match.
• Make big money from bets that would otherwise have lost.
• Stops good bets going bad if fortunes change in play.
• Still get some of your original stake back if things go wrong from the start.

Cons

• Not available at all betting sites (so choose from list above).
• Not suitable for all sporting events (eg horse racing in-play).
• If your selection goes on to win, you’re missing out on extra winnings (can be partly mitigated using partial cash out).
• When you cash out, your bet is settled at below the current “true” odds, so you’re losing some value.

Picture the scene: you’ve made a bet that is looking good. Maybe you’ve put your favourite football teams in an accumulator, or backed an in form player to win a tennis match. Then you sit back and watch the event on live streaming. Your bet is winning, but the opponent is showing signs of a comeback and you’re starting to lose your nerve.

This is the scenario when most people would look to use the cash out feature. Sometimes it can really pay dividends, and it can even turn losing bets into big winners. Pressing the button could make the difference between banking thousands or losing your bet stake.

So that’s the dilemma. Is it better to take a smaller but guaranteed amount of money now, or hold your nerve and let the bet run? There is no definitive answer to this. It depends on your personality, your risk tolerance and the specific situation.

What Is Partial Cash Out?

If you’re in a situation where you’re unsure whether to leave a bet running or take your money now, then partial cash out might be the perfect solution for you. With partial cash out, you can choose to cash out a portion of your stake, and leave the rest of the bet running at the original odds.

When you use full cash out, you’re settling your entire bet and the profit (or loss) available is guaranteed whatever happens. But partial cash out lets you split your stake. You can cash out whatever portion of your stake you like, and let the rest of it run.

This way you can often create a situation where you guarantee a small profit or at least yet your original stake back, so you can’t lose. But then you could stand to make larger returns if the result goes the way of your first bet.

Which Betting Markets Can It Be Used On?

You’ll find cash out available on different betting markets depending on which site you’re using. We’ve made a recommended betting site above based on them having the biggest choice of cash out markets, as well as fast and effective performance.

At other cash out betting sites, the situation may vary. You’ll see the cash out button available on some sporting events, but not every sports market will be eligible. Some bookies simply can’t manage that many betting markets in-play.

The major events will almost always be covered. For example, every Premier League football match is likely to have cash out and partial cash out available at all of the best betting sites.

Cash out is also available on different bet types. For example, it’s particularly suited to acca bets.

Let’s say you’ve placed a large 10 leg accumulator, and the first 8 selections have come in. If the last two win you’d be in for a huge windfall, but maybe you’ve seen some team news in the late game that makes you less confident in your selection. This would be a perfect time to cash out and accept the healthy profit that’s on the table from your 8 winning picks so far.

There are certain bet types which are not suitable for cash out. One example is in-play horse racing. Because a horse race takes place over a very short space of time, the in-play odds move extremely fast. Therefore, by the time you’ve pressed the button to cash out, it’s likely the odds would have changed and your request couldn’t be fulfilled.

So although betting during the race is available, especially on the betting exchanges, it’s not advisable to try cash out in this way.

Most of the best betting sites do offer cash out markets in-play on many other sports though, so as long as you know what to expect it’s a great option to have.

Can I Cash Out On Free Bets?

You’re probably aware that the majority of online betting sites such as bet365, William Hill and Paddy Power all offer free bets or some other new customer offer when you sign up.

Some new customers want to know whether you can use the free bets in conjunction with cash out. The answer is that it depends on the individual betting sites’ terms.

As you’ll have seen, T & Cs apply to all free bets for new players. In the UK, these should always be displayed on the bookmaker website, below the offer details. Often the T & Cs relate to things like time limits or wagering requirements, but there can also be other restrictions on what you can actually do with the free bets – and in some cases that includes cash out (and partial cash out).

So my advise is always check the T & Cs first so you know what the rules are, and there are no surprises.

That doesn’t mean that you shouldn’t join betting sites that don’t allow you to cash out their free bets, just that you need to be aware of it.

Betting Sites With Cash Out In Uganda

If the best cash out site had everything you could ever want, including fast reliable auto cash out and a wide range of markets, you’d be mad to reject them just because you weren’t able to use it on free bets. Instead, it would be more sensible use them for something else and then just use cash out on bets you’ve placed with your own money.

Betting Sites With Cash Out Options

Last Updated on December 3, 2020