[toc]Not so long ago, before the days of the Internet, betting was a generally simple exercise. You would go to a bookmakers, place your bet with them, walk back home, wait for the result of your bet. If you won, you’d head back to the bookmakers to collect your winnings.
Of course, the advent of the Internet and online sports betting services such as Bet365 Sport changed all that almost overnight. The incredible flexibility of the Internet meant that sports books could offer their punters so much more in terms of offers, betting markets, and accessibility. There are also features on the site, such as stats packages to help with research and so on.
Over time, as the speed and amount of data that could be transferred between devices improved, so did the features on offer at sites such as Bet365. First there was In Play betting, the ability to bet on an event as it was taking place. There’s now live streaming available for desktop PC’s and mobile devices too.
However, for many years, the same situation regarding your bet remained; that being once you have placed a bet, then you have to wait until your bet is complete before you can do anything about it.
Well, thanks to the Cash Out options available at Bet365 Sport, that is no longer the case.
What is the Cash Out option at Bet365 Sport?
To understand how the cash out system works at Bet365 you first need to understand that it is not available for all types of bets or on all types of sports. It is only available on certain bets on certain sports at Bet365. You don’t have to worry about this though, as any bet that is available to be cashed out will appear in your browser.
This means that you won’t miss any opportunity to cash out a qualifying bet. Bet365 Sport’s software recognises eligible bets and will show these in the relevant cash out section.
The Cash Out option becomes available on selected bets when your bet is in progress. I say bet rather than selection, match, or game because some eligible cash out bets have multiple selections (such as accumulator bets), so it may be that these events take place at different times. Once any part of your bet is actively in play, then the Cash Out option will likely be available shortly after.
An example of Cash Out in action
What Cash Out does is allows punters more flexibility over their bets. Here is an example using a five-fold accumulator bet.
Let’s say you place a £10 bet on the following:
- Liverpool v Arsenal – Draw at 2/1
- Manchester United v Everton – Home Win at Evens
- Chelsea v Tottenham – Draw at 2/1
- Stoke v Manchester City – Away Win at Evens
- Watford v West Ham – Away Win at 2/1
Let’s now say that all your games kick off at 3pm apart from the Liverpool v Arsenal match, which kicks off at 12.30pm and finishes in a draw.
When this happens and your games at 3pm kick off, you may get offered a Cash Out amount. However, that amount offered depends on the state of your bet. With just one complete result and four still to go, the Cash Out offer may be small. But the beauty of this feature is that this can change as games progress.
Cash Out offers change over the course of the action
Let’s now say that after 75 minutes of action, Manchester United and Manchester City are both winning and Chelsea v Spurs and Watford v West Ham are currently drawing.
At this point because you have four of the five results correct at present, plus you just need a West Ham goal to make it five out of five, added to the fact there are just 15 minutes left in the game, you will find that the amount you are offered as a Cash Out will likely increase in this situation.
However, you then need to weigh up whether you want to cash out and take the guaranteed money on offer, or whether you want your bet to run its course. If you keep the bet, it will result in you potentially winning more money. However, it is at the risk of one result being incorrect and your bet not winning anything.
What is Partial Cash Out and how does it work?
That was the dilemma that makes deciding whether to use Cash Out so daunting for many Bet365 customers. To address that issue Bet365 developed another option. Partial Cash Out.
Partial Cash Out offers punters arguably the most flexibility ever when they make a bet. Assuming your bet is one that can be cashed out, Partial Cash Out allows you to cash out a percentage of your bet for the offered cash. Then the remaining percentage of your bet is still left to run on your bet.
A sample Partial Cash Out offer
This is best shown by an example, so we will use the same £10 fivefold accumulator bet to show you how a Partial Cash Out on this may work.
Let’s say we are at the 75 minute-mark. Four of your five selections have the correct result (with one final score in those four selections). Plus, the other match needs just one goal for one team to be a winner. We will also say that Bet365 offers you a Cash Out value of £20 for the bet.
Now if you fully cash out, then you can take the £20. Then your bet is over. However, with Partial Cash Out, what you can do is cash out 50 percent of your Cash Out offer, but let the other 50 percent remain on the bet until the results are known.
If then your results all win, then you will be paid out based on the 50 percent of the bet that was remaining active on the bet. In this case, there is still £10 on the bet, which would mean a return of £1070 profit based on the odds.
This is a very simplified version of a Partial Cash Out bet. Partial Cash Outs are very different to the amounts shown here. They depend entirely on the bet and the state of the selections within it.
How does Auto Cash Out work?
Of course, Partial Cash Out and Cash Out options do require you to be present and watching how your acca performs. That way you can cash out at the optimum time. Of course, if you are busy or working, it isn’t always easy to do that.
So Bet365 came up with another recent development Auto Cash Out to help punters with this issue.
With Auto Cash Out, when you make a qualifying Cash Out bet, you identify the parameters by which you would cash out all or a percentage of your bet. This parameter is when a Cash Out offer reaches a chosen value.
You can use the Auto Cash Out option on a bet by clicking on the bet in the My Bets section of the site. Then click on the bet you want to select for Auto Cash Out.
Once you create the rule, set the parameters for when the bet will be Cashed Out by entering your chosen Cash Out amount. Once you decide, click Create Rule to finish. The rule is now set, and you can log out knowing that if your Cash Out amount reaches the amount stated, your bet will automatically be cashed out whether or not you are online.
Cash Out options at Bet365 Sport offer punters a more flexible way to bet on a number of sports and markets with a higher degree of flexibility in their betting than ever before. However, this is not always a good thing.
How to use the Cash Out options prudently
While the Cash Out options are undoubtedly a good thing for punters, they do need to be used very wisely. In the vast majority of cases, the amount offered for a Cash Out will be lower than your initial bet. In these cases, you are simply reducing the size of your loss when using the feature. This is not a bad thing, of course. Sometimes it is better to lose just some, rather than all of your stake. However, it is not going to generate profit if used only this way.
The real danger comes when players cash out their bets too early. Then they turn what would have been a sizeable win into a much smaller win. As such, there is a risk element to using the Cash Out options at Bet365 Sport. It is down to your ability, luck and judgement to use it to gain the maximum benefit when you do.