The ‘Cash Out’ option is now commonplace with most online bookmakers and it’s a welcome addition for accumulator punters who want to cash that bet out early and take a profit. We can, however, diminish our profits if we cash out too early or too often. We need to strike a balance between the price offered for cashing out and the risk involved in letting our accumulator ride.
Best bookmakers offering a cash out facility:
1) Bet365 – Open an account with bet365 today! (Terms and Conditions Apply, 18+)
The traditional bookmaker is effectively acting like a betting exchange with this new feature. But it’s much easier for the novice punter to use and understand ‘Cash Out’ rather than using the betting exchanges to hedge your accumulator.
I’ve written an article detailing what you need to know about each bookmaker, including a laymen’s break down of their terms and conditions that you can read by clicking this link.
When to use ‘Cash Out’ option:
There is, of course, no exact science to this. If there was then we would all be millionaires but there are occasions when I would advise taking your cash early and banking that profit.
- Waiting on the last leg of a large accumulator – it’s that agonising wait for the Monday night game to collect on your 7-fold, the other six games have bolted in but your almost regretting the decision to add West Brom at home to Aston Villa. Check your account and see what the Cash Out offer is – just consider the feeling you’ll have if West Brom let you down and you didn’t take the £200 on offer.
- Last 15 minutes – you have 15 minutes left and Peterborough have just scored to go two nil edging you closer to a payout but your final match has just a slender 1-0 lead – and you backed the away win. In these instances, when every team on your acca is winning and you enter the final 15 mins of a tight game, I would seriously advise looking at the Cash Out option. There is nothing worse than that empty feeling when you are gazumped by a 90th minute equaliser.
- When the offer is too good to turn down – This usually happens when you’ve had a change of heart or some team news has gone against you. If you think the last leg of the acca looks doomed before kickoff then you are best advised to get the hell out of there and cash out early.
It’s worth remembering that you won’t be able to cash out at certain times during the action. It’s common practice for bookies to withdraw the cash out option during the last five minutes of the action or when a penalty or red card is awarded. So don’t wait around for too long – if you want to cash out, do it before that late goal against you is scored!