One of the best new features that online bookmakers have introduced in recent years is the ability to cash out your bets in-play. Using cash out, you decide when the bet ends. You can take your profit or cut your losses at any time, before the game, race, tournament (or whatever else you’re betting on) has finished.
Until recently, you could only settle your bets early by trading them out on the Betfair exchange. These days, many of the big name bookmakers offer cash out, and most offer a mobile betting app. You can see which apps are the best at sites like mobilebettingsite.com. So even if you have placed your initial bet through the bookie’s website, you an still use your mobile or tablet to cash out. Which means you can be in complete control of all your bets at any time, wherever you are.
However, some bookmakers do it much better than others. We’ve tested this function at all the major online bookies, and we can now reveal which are the best bookies for cash out.
We’ve read that other bookies claim to have “invented” cash out, but in reality this has been possible on the Betfair exchange ever since it was first launched. Since Betfair added their sportsbook, they also added a cash out feature to non exchange bets – and it works great.
One of the most important things is that when you hit that button to take your profit, you want it to work – first time. And that is one of the main strengths of cash out at Betfair. Yes sometimes odds can move in-play, but with Betfair we found that our cash out was successful the vast majority of the time. The in-play odds were also very good which meant we got a much better return on cashed in bets than we did with some other bookmakers.
It works on singles, multiples and accumulators, and most major sports are covered. What’s more the process is easy. The Betfair app or website shows you exactly how much you stand to make at any time, and you can take your profit with just one click.
So if you think you’re going to be cashing in bets on a regular basis, Betfair is one account you cannot afford to be without.
£100 in free bets
Paddy Power allow you to cash in your bets on a variety of different sports. These include football, golf, basketball and NFL. It works on singles and accumulators.
A cool feature on Paddy Power is that they have a dedicated page where you can see all your bets that are eligible for cash out, all in the same place. There you can quickly decide which ones you want to close early and which you want to leave running. It’s a good way to make sure you make the most possible profit overall.
£20 Risk Free First Bet
Like Betfair, the cash out at Paddy Power is fast and simple. One click is all you need to take your profits early at any time. And most importantly, it has a very high percentage of success, even when the odds are moving fast. This means you don’t have to keep on clicking again and again to try to close your bet.
Tips For Successful Cash Out Betting
Cashing in your bet is a great option to have, but it’s important that you use it wisely. The first step is to choose the best cash out bookmaker from the list above. You can also follow the following tips to make the most profit from your bets.