If you have done any online sports betting over the past decade, then you are probably quite familiar with the Cash Out feature. This gives punters the opportunity to close out a bet before the event concludes. If your team is winning at any point in the game, then you can cash out the bet and it will be graded a winner. If your team goes on to lose, then you still win your bet.
It Guarantees a Payout
As you can imagine, the Cash Out feature comes with a variety of advantages. Perhaps the most attractive aspect of Cash Out is that it allows bettors to guarantee themselves a payout. Now, those payouts are seldom as lucrative as they would have been had the punter ridden it out to the end and won. Still, a lot of people are happy to lock in a win and relieve themselves of stress for a small price.
It Minimises Losses
Not only can you cash out to lock in profits, but you can also cash out bets to minimise losses. Think of it as a type of cashback offer. Let’s say the football team you bet on is getting smoked 5-1 midway through the second half. It’s a lost cause. If you use the cash out feature at this point in the match, the bookmaker is only going to offer you a small percentage of your stake back. It might not be much, but it’s still better than getting nothing at all.
Sports betting can be very stressful. It can mess with your mind and make you do irrational things. One of the worst feelings that a sports bettor can have is when the team they bet on is in the middle of an epic collapse. Just imagine how sick to the stomach all of those Atlanta Falcons bettors felt when their team was blowing that 28-3 lead against New England in the Super Bowl. Granted, there wasn’t a lot of panic when the Pats cut the deficit to 16 points in the fourth quarter, but panic did indeed ensure shortly after.
Falcons backers that had the chance likely pummelled the you-know-what out of the Cash Out button at the betting sites offering this feature, the best of which you can find at https://legalbet.uk/betting-sites/sets/cash-out/. Not only did it save them from eventually losing their bets in gut-wrenching fashion, but it also soothed that sick sensation that so many bettors are familiar with.
Cash Out and Accumulators
Many punters enjoy wagering accumulators. They might be long shots, but those occasional wins tend to be significant. If you didn’t already know, most bookies allow bettors to add cash out eligible games to multi-bets. So, if your big parlay comes down to one last game, and that selection is available for Cash Out, then you have some tough decisions to make. This is a prime Cash Out candidate if there ever was one, but the decision rests entirely on your shoulders.
Cash Out and Underdog Betting
Those who like to bet on underdogs sometimes find themselves in advantageous situations. This is especially true when a big dog comes out hard and takes an early lead. Again, the decision is yours, but you will usually make a tidy profit by cashing out early in this spot.
Cash Out: Bookmakers Always Benefit
The reality is that a lot of experienced sports bettors rarely use the Cash Out feature although there is always a time and a place. Yes, this feature opens up a world of possibilities and it can be used to the punter’s advantage. Just remember that bookies wouldn’t offer it if they didn’t benefit too. And they do. Punters that use Cash Out leave a lot of money on the table. And that money is perfect for the bookmaker’s coffers.