The advent of online betting has seen more people than ever be able to access a multitude of sports betting markets.
One of the best innovations across online sports betting is the introduction of cash out options, that are available to punters on many sports – including football.
Traditional betting methods of going to the shop to place your bets are seemingly a thing of the past, with football betting the most accessible it has ever been and the cash out feature is at the forefront of that innovation.
Here is a guide to football cash out betting:
How cash out betting works:
Placing any bet online gives punters the chance to track the action as it unfolds, ranging from a straight win bet – all the way through to an accumulator punt. Cashing out is as simple as the name suggests, it gives punters the chance to get money back on your bet before the event you are betting on is over.
The amount of money you get back is determined at the time of cashing out and will depend upon the current likelihood of the bet winning – so it could be greater or less than the initial stake, depending on how your specific selection is faring at the time of the cash out.
Should you cash out and the original bet go on to win or lose, it is too late – you will be credited with the amount stated on the original cash out offer.
Working Example
- You place a £1 football accumulator on 4 teams and the return is £30 (should all 4 selections come good).
- With 20 minutes to go, all 4 teams are winning – 2 of which by just a single goal, meaning if the opposing team equalises, the bet is no longer due to win.
- The cash out option is £22 – £8 less than you are due to win but still yields a profit of £21 from the original bet.
- Should you decide to accept the cash out, £22 will be credited to your account.
- Should you choose not to cash out, if all 4 teams hang on for the win – you get £30 back but if they don’t, you lose the bet.
Things to look out for when football cash out betting:
Don’t Get Greedy – Winning any bet is not an easy task and punters should always keep their bank balance ticking over when they are betting. Three results are always possible in any football match: win, lose and draw – meaning punters can often be usurped by a late goal ruining their bet. Try to stay objective and if the cash out isn’t too far removed from what you would win anyway, look to keep the profit rolling in.
Cut Your Losses – Conversely, we’ve all had moments where our initial bets are going incredibly badly. The cash out option is there throughout most football matches and if things are spiralling out of hand, cash out for as much as you can to limit the damage to your bank account, which will enable you to bet again.