Bet365 have developed one of the most exciting features to hit the betting scene for years in the form of bet365 cash out.
The cash out essentially allows punters to take a price for their bet before the completion of the market that they are betting on. This will allow you to take a guaranteed profit (or loss) before your market has been completed.
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Just before I get any deeper into this article, I want to let you know how you can access the bet365 cash out feature. Basically, all you need is a registered account with bet365 and you will be on your way.
How the bet365 cash out feature works
Update July 2015: Bet365 have recently added a slider to their cash out feature which allows you cash out part of your bet and let the rest ride. I’ve written a whole article explaining the concept which you can read here: Bet365 Cash Out Slider
For everything to get started, you will need to place a bet of some kind. Obviously being heavily into accumulator betting, I’m going to be showing you how to cash out your accumulator bet, but the process will work for any bet type.
Check out the bet365 terms and conditions below to find out a little more on what markets and sports are accepted.
Once your bet has been placed you will be able to see your bet by clicking the ‘My Bets’ tab in the top right sidebar. Here you’ll be able to see unsettled bets and then the cash out bets.
If your bet is eligible for cash it will appear in this tab. If it is not eligible then you can find it in the unsettled section.
Before any of your games have kicked off you will be able to cash out your bet for around 5% less than your original stake. So, a £10 bet will mean you can cash out for £9.50.
Once the games kick off the cash out number will start to fluctuate. Whether the amount you can cash out goes up or down will depend on how many results are going your way.
For example, say you have a 5-fold accumulator bet on and at half time 3 of your teams are leading and two of them are drawing, then you are going to be able to cash out for a small profit. If we flip this and say three teams are losing and two are drawing then you are going to have a very small cash out price for a sizeable loss.
If you decide that you want to cash out then the bet365 cash out feature will signify the total amount that you will receive (stake included) in a yellow box. Simply click the box and your cash out will be processed.
To find out more on cashing out your accumulator bets, then check out this article!
What you need to know
Like everything within the betting industry, there are a few things you need to be aware of:
- The range of sports that you can cash out on is quite vast. They list soccer, tennis, horse racing and basketball on their site, but I’ve done it with golf, cricket and rugby before, so I would assume that most are on offer.
- The cash out feature may become temporarily suspended. This is usually due to the fact that one or more of the lines that you are betting on has been altered. This will be indicated by the removal of the cash out function from the ‘My Bets’ section.
- It may take a few seconds for your cash out request to be settled after clicking the ‘cash out’ button. Once processed, you will get a bet receipt stating that the bet has been settled with the funds credited to your account.
- It’s worth noting that bet365 do not guarantee that the cash out feature will be available at all times.
If you’ve seen enough and want to get straight into the cash out action at bet365, then you can Open an account with bet365 today!
The first that I really like about the bet365 cash out is it’s pricing. I put two identical bets at very similar odds on both bet365 and Paddy Power. When looking to cash out at the same time I found that bet365 were about 20% higher in the amount that they would pay out. The sites pricing has always been good and it’s nice to seem them carry this across into their cash out section.
The ease of the feature is something that I was really fond of. It’s so simple to use and literally within just a couple of clicks you can have the money in your account without having to sweat those final few results coming through.
Bet365 also include a really good number of sports and markets into this feature. Pretty much all the bookmakers who offer cash out will provide this for football, so the majority of you reading this will be sorted, but for those who aren’t betting on football then you should find that a good number of sports are on offer as alternatives.
I started off ‘The Good’ with pricing and I’m starting off ‘The Bad’ with pricing as well.
Although, this isn’t so much a swipe at bet365, but the price that many bookmakers offer you for a cash out is pretty tight, to be kind. It feels like they give you much lower odds for your cash out than how the bet really reflects.
I remember one week I had 4 out of 5 teams all winning with 20 minutes to go and the last team that I needed were home favourites before the game. Bet365 actually offered me a measly £35 return from my initial £10 when there was over £300 up top. I actually let it ride and it came in, so in your face bet365!
The availability of the feature can be a little random. Depending on which markets you bet on can mean that it’s almost impossible to react in time to get your cash out. As I mentioned earlier, the cash out feature is removed when the lines are changing and markets such as the Asian Handicap which is worked out to like 4 decimal places or something ridiculous like that, is obviously going to be changing pretty much every few seconds.
It’s also worth noting that the cash out feature sometimes disappears when it comes to the end of a bunch of games finishing. For example, you might have a 5-fold all with 3pm kick offs. Well, as 4:45pm starts to approach, I’ve seen the cash out feature removed from my bet and I’ve noticed this is pretty common.
So what I will say is that if you are looking to cash out, then don’t let it ride for too long.
Overall I rally think that the cash out feature ahs been one of bet365 best additions over the last couple of years. It’s just awesome having the chance to cash out a bet that you think is in trouble or to simply lock in a profit.
The concept of the cash out feature is superb, but I do think that bet365’s is probably about as good as you are going to find.
They open up more markets than most, accept more sports, allow for a fair profit margin and also provide a quick turnaround of any winnings from your cash out.
I’ve no doubt that over the next few years the majority of bookmakers will have this feature. Whether they will be as good as bet365 remains to be seen.
I think one of the biggest compliments that I’ve seen is via my friends, with a number of them jumping ship (after being long time supporters of other bookmakers) to bet365 just for this feature alone!