The option to settle your bet, also known as cash-out, is one of the best features that was implemented by bookmakers. Below, you can take a look at the different betting websites that offer this option.
What does the cash out option from bookmakers mean?
The options to close your bet allow customers to settle their bet before it’s over. The option itself has many names, but it’s mostly known as “bet closure”, “cash-out”, “bet slip sale”.
The cash-out option is available in nearly all online bookmakers, and also, every new website aims at having it. It’s really sought-after by players because it gives them the opportunity to take control of the bet they’ve made. Of course, in order to use the option itself, you have to play by the rules. For example, if the markets that you’ve placed a bet on are currently blocked, you won’t be able to close your bet. What’s more, if you want to make a cash-out during the match, it has to be present in the bookmaker’s live betting section.
The reason why the cash-out feature is becoming more and more popular is due to the fact that customers can minimize their losses or guarantee themselves a certain profit. In the first scenario, your bet might not be going well and your prediction is most likely not going to happen. So, in a moment like this, you can close your bet and get at a portion of the money from it. By doing this, you won’t lose the entire amount that you used to place your bet. On the other hand, you can also guarantee yourself a secure profit if you happen to have placed a multiple bet, and you have just one event left. When this happens, you’ll likely receive a certain cash-out amount that you can claim right away.
The introduction of the cash-out feature is a real blessing for bettors. Of course, not every bet offers cash-out, but in most cases, the option will be available. There is even a way in which you can calculate the profit you’ll get using cash out. This is all done automatically on the websites of the bookmakers.
Usually, you need to wait a couple of seconds for your bet to close after you click on the cash out button. After that, the money will be transferred instantly to your bookmaker’s account. It’s good to know that bets that were closed using the cash-out feature do not count towards the wagering requirements of the welcome bonuses. This is a standard rule among bookmakers.
How to find out where the best bet closing feature is located?
There are several things you can do in order to find online bookmakers with the best cash-out option. One of them is to test them yourself, but this will take you a lot of time. That’s why you can check our online bookmaker reviews where you can find a special section about the available cash-out feature. We also cover how this feature handles.
There are several things that you need to keep in mind when choosing a cash-out. One of them is to select a betting website that offers cash out for all of its sports and markets because this gives you a great advantage. Another thing that you need to be on the lookout for is the bet-close amount. There are differences in this regard between the different companies, so try finding the one that offers you the highest amount of money after you “sell your bet”.
The most important thing for a cash-out option is to offer different markets, work flawlessly, and provide a decent amount of money.
Additional cash-out variations that you should look out for
There are additional cash-out options that are only found in several places, so having them is a positive sign for the operator. We’re talking about the partial cash out and the automated bet-close option.
The standard cash-out option allows users to close their entire bet. However, there is a chance to do partial cash out. By using it, you can close a part of your bet and leave the other one active. This means that you can claim a certain part of your profit and leave the bet active with the remaining amount. The partial cash out is determined automatically by the bookmaker’s system.
The other option that we’ve mentioned is automated cash-out. Here, users have the opportunity to set a certain amount of money, and when the bet reaches it, it will automatically close itself. This is a pretty good option for bettors because it doesn’t require them to follow their bet. If they are happy with a certain amount of money and they just can’t constantly check their bet, they can simply adjust it to close itself when it reaches the desired amount.
The development of the cash-out option led to the existence of other options among online bookmakers, such as the ability to change your bet. That said, the feature to close your bet is among the most used ones in terms of sports events.
Do all online bookmakers offer a cash-out option?
No, there are still betting websites that don’t offer cash out, but there are not that many in comparison to those that do offer this. This feature is available among most bookmakers, and it even has additional options.
Which betting websites provide the best cash out?
There isn’t a bookmaker that always offers the best sum when you close your bet. This amount is always changing, and it can depend on the amount you used to make your bet, as well as on the markets and the events.
Why some websites don’t offer automatic and partial cash out?
That’s due to the fact that they just prefer to stick with the standard cash-out option. Partial and automatic cash out are additional features that are found among fewer online bookmakers.