One of the biggest revelations for me personally has been the integration of the cash out system. Admittedly, this is something that I’d only really dabbled with prior to the 2014-15 season, but now I use it on a regular basis, where possible.
I’m not going to go into the ins and outs of when or why you should cash out as I’ve already written an article on this that you can check out by clicking this link. Instead, I wanted to highlight which bookmakers offer the feature and also a look at the terms and conditions for each, that you may not have previously been aware of.
Bookmakers that offer the cash-out feature
Paddy Power – These guys allow you to grab a risk free £20 bet by clicking this link to open an account (New Customers Only.18+. T&Cs Apply)
William Hill – With William Hill you can claim a free bet worth £25 by clicking this link to register an account and entering the code ‘F25’.
What you need to know about bet365’s cash out featureBefore I jump into this article, I just wanted to highlight that this is a personal view on the bet365 brand and solely my opinions and experiences
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
The cash-out feature on bet365 is available to a wide range of sports and markets. The majority of you will be looking at betting on football, of which is included, but horse racing, tennis, cricket and basketball can be used as well.
The bets you can cash out are listed in the ‘My Bets’ section of the site that I found in the upper right hand corner. By clicking it I can see ‘Bets I can cash out’ and ‘Unsettled bets’. If my bet isn’t listed in the ‘Bets I can cash out’ section then I can’t cash out your bet at that moment in time. This may be for a number of reasons.
The most common reason is that something has happened in one of your games that has shifted the weight of the odds. If this happens then the feature is removed until the market settles and bet365 can offer up another price, reflecting the change. Often this was called ‘Suspended’.
The amount that is shown on the cash out button is the amount that will be paid into your account, so this includes any stake returned. It’s also worth noting that if you do cash out a bet then that bet will not count towards any rollover requirements for bonuses that you are clearing. Also, any bonuses bet365 offer will not apply to bets that have been cashed out.
The cash out function can also be used within the bet365 app simply by clicking the ‘My Bets’ button in the top nav bar, much the same as their online site.
-> To find out more about bet365, then check out my bet365 review
What you need to know about Paddy Power’s cash out feature
Paddy Power don’t actually state in their terms and conditions which sports are included, but having a quick browse through their site will show you exactly the markets you can cash out on, as indicated by the cash out logo.
Cashing out can be done in one of two ways. The first is by clicking the ‘My Account’ at the top of the home page then clicking the Cash Out button. Alternatively you can just click the Cash out button from the left sidebar to be taken to the Cash Out ‘hub’.
The Hub is actually a pretty neat section where you can view all the bets you are able to cash out on. You can simply hit the Cash Out price and the money will be credited to your account. The Hub also shows you live betting markets that can be used on the cash out feature, which is a nice touch.
Paddy Power states that there is a slight delay from clicking the cash out button to the funds appearing in your account (literally a few seconds). This is to ensure that they can react to markets that have altered before they have had time to recalculate the odds.
You can’t use the cash out feature where free bets have been sued and cash out bets don’t count towards the clearing of bonus money or bonus offers.
What you need to know about William Hill’s Cash In My Bet feature
The first thing to note is that William Hill only offers their cash out service for football bets. This only applies to match betting (90 minute) markets and in-play markets. They do claim that other markets are available to cash out on, but this is at the discretion of William Hill and bettors will be informed prior to betting. If I were you, I’d probably just stick to the 90-minute market, just to be on the safe side.
To access your cash out bets you simply need to find our open or unsettled bets. If the bet matches the William Hill criteria then you will be able to see a cash out button at the bottom of your slip, along with an amount that is your cash out price.
It’s worth noting that the cash out feature is not available when a free bet has been used. Likewise, any cash outs made will not count towards the clearing of any bonuses or work in conjunction with any bonuses that William Hill may be running (such as acca insurance).
Finally, cash outs are limited to £25,000 and the feature can be used on the William Hill betting app.