The Best Betting Apps For Cashing Out
It’s safe to say that cashing out is pretty much the norm when it comes to betting but once upon a time, and indeed not that long ago, it was something that was only a pipe dream.
Most punters these days will use the cash out function and monitor their wagers throughout the day in order to do so.
Most of the world’s biggest bookmaker apps will allow you to play cash out and here at Betting Apps we’re always keen to bring you the latest info and offers.
Below you’ll find all you need to know about cashing out including what it is and, more importantly, when to do it!
What Is Cash Out?
Cash Out is an in-play feature offered by many bookmakers and betting apps that allows you to collect a portion of your winnings before the selections have been settled.
The bookmaker will continually update how much they are willing to offer you to cash out right the way through until the bet is settled as a winning one or losing one.
It’s a feature that’s incredibly popular in football betting and a real lifeline for many punters.
How Does Cash Out Work?
Cash Out betting is a feature that offers you a price should you wish to collect any winnings before the bet is settled.
This may be on the Match Result market in Football, for example, and a bookmaker will allow you to cash out before the final whistle has been blown.
What proportion of winnings you receive when cashing out is very much dependent on the bet you place and the likelihood of winning at any given moment.
Once you’ve cashed out the outcome of the game no longer matters as the bet has already been settled.
Let’s take a game between Manchester United and Chelsea. You place a bet on Chelsea to win at 2.50, placing £10. This would give you a return of £25.
Early in the fixture Manchester United take a lead and go into halftime with the score 1-0. This naturally gives your chance of winning lower.
However, you will be able to cash out, potentially minimizing your losses. In this case, the bookmaker may offer you £3 to settle the bet meaning you’ll only lose £7.
On the other hand, if Chelsea were winning at halftime, you have more chance of winning and a bookmaker may give you the chance to settle for £18 before the final whistle has gone.
That figure will increase or decrease the longer your wager is winning or losing until eventually the final whistle blows.
Cashing out your bets has become really popular over the last few years and now its offered by every bookie, but who has the best app? Here’s our guide to find the app to use if you want to cash out those accumulators!
Bookmakers Offering Cash Out
Most major bookmakers offer cash out in their betting apps for Android and iPhone these days, but that just means you really are spoilt for choice when it comes to choosing one to play with.
Head to our mobile apps page to see all of the top bookmakers we work with, while you can also see our favourites for cashing out with below…
We think by far and away the best betting app for cash out is Coral. This betting app is fast becoming known for its daily offers, often with enhanced odds and the cash out facility on offer, making for almost the ultimate betting package.
There are a number of ways you can do so, with a full explanation into cashing out your bets with Coral below.
Coral Cash Outs:
The Coral betting app is superb. There is plenty on offer with this app and it really is an excellent choice. New customers can even claim a £20 free bet. It is available on Android and iOS and sits perfectly on all devices. If you are downloading it onto an Android device, make sure you change your settings to allow downloads from unknown sources, as Google do not promote betting apps. You can read more about this on our Coral app review page, for further information.
So what is it that makes Coral the best betting app for Cash out? Well two reasons; One they have regular cash out and two Coral have partial cash out.
Coral Partial Cash Out:
Here’s the main reason why we think Coral have the best betting app for cash out. This is because if you’re in a situation where you can’t decide to cash out or keep your cool and see the fixture through, in the hope you win, Coral now offer ‘partial cash out’. This means that you can collect some of your winnings but leave some of your stake on the bet in case it wins. The best of both worlds.
If your wanting to take advantage of the cash out options offered by Coral then you need to look out for the orange cash out symbol on your bet. Coral offer cash out on the following markets; Football, Rugby, Tennis, Darts and Snooker.
You can choose to cash out at anytime after you’ve placed your bet. Click on the cash out symbol, then confirm that you agree. The winnings are then paid immediately into your Coral account. Not all fixtures have the option to cash out, so make sure you don’t place any bets with the intention of being able to cash out. Also take note that your stake is included in your cash out amount
Things To Know About Coral Cash Out:
If your a new customer and you’ve claimed your £20 free bet. Make sure you are not using this to try and cash out as any free bet offers cannot be used with the Coral cash out facility. Coral will allow you to keep tabs on all bets that you have cashed out. Within the My Account menu go to bet history, then select Cashed Out and the date range. All bets with an orange dot next to them have been cashed out.
Other factors that you need to take into account when cashing your bet out are; only single and multiple bets placed both pre match and in play are eligible. A cash out offer can be subject to a time delay, which can result in the price changing. The Coral cash out facility considers selection, the price the customer has taken and the current bet status when it considers the cash out amount. Coral are well known for enhanced odds and these are not included for cash out.
BetVictor are well known for their football betting offers. For the past five years they have consistently offered the best odds on football, particularly the Premier league. BetVictor are a fantastic option and they too have one of the best betting app options for cash out.
If you’re using BetVictor you can cash out your bets on the football and tennis markets. With football you can take advantage on the following range of bets: Match Betting and BTTS and BTTS with match result – 90 mins, 1st Half & 2nd Half, Total Goals – Over/Under, Correct Score 90 mins, Half Time, Extra Time To Win Extra Time & Penalty Shootout, Asian handicaps and Asian goal lines.
If tennis is your game to bet on then cash out can be used for the following bets: Match Betting, Set Winner, Set Betting (Match).
If all that is too much to remember then don’t worry. BetVictor will put a coin sign next to any selection that is eligible for cash out.
Bet Victor Cash Out:
If you want to make sure your bet has the cash out option then make sure you make your selection on on a win single or win acca bet. These will have the cash out coins next to them. Once you have made your selection this will be added to the cash out zone, which is located on the right of your bet slip. The green cash out button indicates how much is available to you, should you choose to cash out.
When To Use Cash Out
Obviously, it’s all well and good having cash out as an option but knowing when to use it is most important.
Most of deciding when is a good idea to cash Out comes down to judgement. Knowing the teams or players you’ve bet on as well as keeping a close eye on the tie itself can be instrumental in this.
If your team is winning for example, but they’ve taken the lead very much against the run of play, you may be more inclined to cash out than you would be if they were dominating.
Equally, if you’re winning and the opposition has a habit of scoring late goals, this could be another reason why you would cash out early.
Which Sports Can You Cash Out?
You can cash out on many sports these days and the number is increasing as the popularity of cashing out continues.
Football is the most popular sport in which to do so, however there are many other sports in which you can do the same.
These are usually in sports where play is flowing, so for example in games where teams have innings it isn’t really possible to do so.
Below you’ll find a list of some of the more popular sports in which punters can cash out:
- Rugby League
- Rugby Union
- Australian Rules