Best Cash Out Betting Sites

The cash out option is a great perk for punters, potentially letting you collect winnings even if your bet looks like it’s on shaky ground. If you’re interested to learn more about what it means to place a cash out bet and how to pick the top UK booking sites with cash out options, we’ve got you covered!

What are cash out bets?

You might well be asking yourself “What does cash out in betting mean?” Well, it essentially amounts to bailing out on a bet before the outcome is actually known. 

Let’s say you’ve put money down on Liverpool beating Arsenal 3-0, but the Reds have only managed to score two goals by the 80-minute mark. If, at this point, it looks like the energy has drained out of Liverpool and they’re making fewer and fewer shots on target, you might decide it’s not worth persevering with your bet. Hit the cash out option and the bookmaker will work out your return based on the live odds at that moment in time. 

The money you get back could be less than or (fingers crossed!) more than your initial wager. Either is better than nothing, which is what you’ll get back if you don’t cash out and the game ends with no third goal from Liverpool. Of course, if you stay the distance and Liverpool do win 3-0, you’ll be very glad you resisted taking the cash out option. 

A cash out bet isn’t just handy if you think you’re going to lose. You might also want to do it if things are going well. Say Liverpool achieve the 3-0 scoreline by half time – in this instance, you might reasonably decide to take the money and run, rather than risk a change in the scoreline in the second half.

Now that you’ve had cash out betting explained, it’s easy to see how it gives you extra control over eligible wagers, and can really dial up the excitement when you’re watching a game or match unfold.

How do you cash out your bet?

It isn’t available on every betting market, but when it is, you’ll clearly see a button labelled “Cash Out” next to your open bet. Thanks to the site’s internal cash out calculator, you’ll be told exactly how much you’ll be given if you do decide to activate the virtual ejector seat on your wager. 

Bear in mind that many top UK bookies also provide a partial cash out option. As the name suggests, this lets you collect cash on a specific proportion of your stake, which is often determined using a slider. Your bet will remain open on whatever amount of your stake is left, so you can mitigate some of the risk and collect some money without yanking the bet completely. 

Best betting sites with cash out

Cash out bets are great, but there are other factors to look out for whenever you’re choosing which UK betting sites to join. These include:

• A good range of betting markets for each sport – plenty of prop bets will make it a lot more interesting and enjoyable to have a flutter on any event
• Generous welcome bonuses – these can include matched deposit bonuses and free bets
• A conveniently wide array of banking options – so you can make deposits and withdrawals in a way that suits you
• A user-friendly interface – a cleanly laid out, easy-to-navigate site can make all the difference when you’re gambling online 

Which betting sites can you cash out on?

The vast majority of the top UK betting sites offer cash out options – these include universally-known stalwarts such as Coral, 888Sport and Betfred. This is great news for punters, as it means you’ll have more control over bets you make on a whole galaxy of sports, from football to cricket to boxing.

Best cash out betting apps

These days, many top UK betting sites have their very own native mobile apps which you can download onto your phone or tablet. Once you’ve done this, you can place bets with a few taps, without having to bother accessing your web browser and signing into the site. The likes of 888sport, Grosvenor Sports and Unibet all have sleek, intuitive apps which let you cash out with ease, wherever you are.

Best new cash out betting sites

It’s not just long-established UK betting sites that boast the cash out option. Many of the best new online bookies also provide this tantalising option – these include:

• VBET
• Betsafe
• Rizk
• Ruby Bet

Top mobile cash out betting sites

Choosing to cash out your bet can be a split-second decision made while you’re catching the game with your mates in the pub, or watching the action unfold while sprawled on the sofa at home. So it’s good to know you don’t have to rush to a computer to make it happen. As we noted above, many operators offer native apps which you can download. But even if they don’t, every UK betting site we recommend is fully optimised for use on your tablet or smartphone, so you can simply access your selections on your phone browser and cash out when you see fit. 

PayPal cash out betting sites

Pretty much all betting sites support PayPal as a deposit and withdrawal method, and it remains a firm favourite with punters in Britain and beyond. One of the big advantages of using an e-wallet service like PayPal is you don’t have to input any sensitive bank details whenever you sign up to a new bookie, ensuring online transactions are even more secure. On top of that, making withdrawals from your betting account using PayPal is usually a very rapid process, so there’s less waiting around to get your hands on those hard-won winnings!

Should you cash out bets?
This a question only you can answer, as it comes down to how risk-averse you are, and what your gut feeling is regarding the bet in question. Punters who like to play things safer will be more inclined to cash out if they feel things aren’t shaping up their way. More gung-ho, devil-may-care bettors may prefer to stay the course even if the odds seem to be against the winning outcome. After all, you never know, do you?

When should you cash out your bets?

There are two main scenarios which might have your cash out finger itching:

• If it looks increasingly likely your bet will lose – say, for example, the rugby team you’ve backed to win are trailing their opponents 
• If the winning outcome has been achieved, but there’s still time for things to go awry – for example, if your UFC fighter of choice started strong but looks exhausted and you’re concerned their opponent will make a late comeback

As we mentioned in the previous section, a lot of it will come down to your own temperament and your working knowledge of the teams or players in question. Remember, the partial cash out option is also available and can provide the best of both worlds.