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Cashing Out a Sports Bet  

The Cash Out feature is one of online sportsbetting’s great new innovations. It’s a top choice for clever sports gamblers in Asia who want to take profits early.

Essentially, a Cash Out is like taking the safe option. With a Cash Out, sportsbetting gamblers get to finish their bet early before it’s played out. You can take winnings on a football match before the 90 minutes are up, or a cricket match before all overs have been bowled.

Some gambling websites now allow customers to make a Partial Cash Out. This feature gives an early profit on the half the bet, while the rest of the bet rides. Let’s take a closer look at the Cash Out feature.

What Is Cash Out Live Betting?

Cash Out live bets are now available at many real money sportsbooks on the web. Whether you bet on cricket, football, or tennis, a Cash Out gives the gambler more control over their wagers.

Here’s how to use the Cash Out feature: players can stop their bet early before a match or competition has finished. If it looks like your team is about to win, the sportsbetting site will offer you a return to end the bet early.

You have to think of it like trading stocks. When you Cash Out, you are taking a position on a share. You are “completing” the bet early and taking your money. That’s why Cash Out is one of the best live bets options out there right now.

Benefits Of Cash Out Live Bets

Cash Out bets are great if you have made a big ante-post bet on a sporting event. You may have taken advantage of long odds on Argentina to win the World Cup before they even qualified. As they qualify, the bookmakers’ odds are slashed. The further they get, the lower the odds go. But with Cash Out, you can take a small profit early without waiting to see if Argentina win.

Think of it like betting on the stock market. You may have bought a share at HKD1.00, and watch as the shares rise in price. Instead of waiting for the share to start falling in price, you sell at HKD5.00 and ‘lock in’ an easy profit. It doesn’t matter what happens after that.

The main advantage of Cash Out is that a fixed odds bet becomes more interesting. Before, gamblers had no influence on their bet: they just placed a wager and crossed their fingers. With Cash Out, there is more freedom to end the bet early.

Cash Out In Action: An Example

When sportsbetting online at a secure bookmaker site, the Cash Out feature lets you “end” a bet early before it has a chance to finish naturally.

It’s a great bet to make if you have already locked in some value some months earlier. Here’s an example:

1 – You place a bet in January for the upcoming Euro 2016 soccer tournament. You think France will win as host country, and place a HKD/RMB10,000 bet at 10.00 on an Asian online sportsbook.

2 – France get off to a good start, winning their group with ease. The odds of France winning Euro 2016 now drop to 6.00 and you are offered Cash Out worth 11,000.00. The actual win should be 100,000.00 but the sportsbook is offering you a tiny profit to get rid of the bet.

3 – France ease through the Round of 16 and the Quarter-Final. Their odds of winning the tournament drop again, and now the bookmaker offers a Cash Out of 20,000.00. Again, it means a small profit but not the “real” profit if you let the bet ride.

4 – France get to the final and they are favourites against Portugal. However, after 90 minutes, the game ends 0-0. You can still wait, but Portugal are threatening to score a goal. You decide to cash out here for 50,000.00, locking in a profit worth 5x your stake. Your judgment was right as Cristiano Ronaldo scores late on in injury time. Portugal win the match, and Euro 2016. If you had left your live bet to run you would have lost 10,000.00.

Pro Tips: Knowing When To Cash Out

A Cash Out is a live bet. That is, the bet is ‘in running’, with odds changing as a game or match is still in play. Having a live stream is vital when judging a Cash Out, therefore. As in our example above, you need to watch and analyse a live game to see how the action is unfolding. Alternatively, you can follow interactive stats on the sportsbetting site. So, if you are following a tennis game or soccer match, have your laptop open in front of a television playing the game.

When you play a Cash Out, sportsbetting is about good bankroll management. It’s important to pick the right games to begin with. If you only pick odds-on favourites, you may not be allowed to cash out at all. And if a Cash Out is offered, it may be tiny compared to the original stake.

Understanding Partial Cash Out

Some Internet betting sites now offer Partial Cash Out. With this Cash Out feature, you can take a small return and let the rest of the bet ride.

For example, you place a large RMB10,000 bet on the Asia Cup football at odds of 25.00. During the tournament, your team is playing well but faces a tough Quarter-Final. You therefore decide to do Partial Cash Out, taking RMB7,000 profit and letting the rest ride.

Find The Best Online Sportsbooks With Cash Out

If you want a great loyalty bonus scheme, you’ll find some top online sportsbooks in 2017. Cash Out is a mobile-friendly feature for bettors who want to secure some profits early. All you need to do is find a good sportsbetting site to play at. You’ll find lots of sites licensed by the Gambling Commission or MGA which guarantee safe banking and reliable payments. Take your profits early and enjoy a Cash Out today.