Definition of Cash Out
Bet365Feature •Available In-Play
#B365-CO-0404FeatureCash Out Your Bet Early
⚡In-Play
½Partial Option
📈Real-Time Value
Settle your bet before the final whistle - lock in a profit or cut your losses in real time. Cash Out is available pre-match and in-play on Bet365 across a wide range of sports and markets. New customer offer available on sign-up.
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Access Cash Out on Bet365Sports-King.com | Sponsored •Admit OneT&Cs, time limits &exclusions apply. Bonus code THEKING does not change the offer amount.
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What does "Cash Out" mean in the world of sports betting? What is the Cash Out feature and how does it work?
Cash Out is a feature offered by online sportsbooks - including Bet365 - that allows you to settle a bet before the event you have wagered on has finished. Instead of waiting for the final result, you accept a return offered by the sportsbook at that moment in time. The amount you receive may be more than your stake, less than your stake, or - in rare cases - close to your original stake, depending on how the event has unfolded.
The Cash Out value is calculated in real time based on the current probability of your bet winning. If your bet is looking more likely to win than it was when you placed it, the Cash Out value will be higher than your stake. If your bet is looking less likely to win, the Cash Out value will be lower than your stake - and may be significantly lower if the event has gone badly against you.
Let's look at a straightforward example.
You place a bet on Team A to win a football match at odds of 3.00, staking $20. Your potential return if the bet wins is $60.
At half-time, Team A is leading 1-0 and looking comfortable. The sportsbook now prices the probability of Team A winning the match higher than it did before kick-off. As a result, the Cash Out value on your bet might be $38. You have two options: take the $38 now and guarantee yourself a profit, or let the bet run and hope Team A holds on for the win and your full $60 return.
Now consider the reverse. At half-time, Team A is losing 2-0. Your bet looks unlikely to win. The Cash Out value on the same bet might now be just $4. You can take the $4 and cut your losses, or you can leave the bet open and hope for a comeback.
Cash Out is available on a wide range of markets - match result, both teams to score, over/under totals, accumulators, and more. Availability varies by event and market.
There are two types of Cash Out that most major sportsbooks offer.
Full Cash Out means you settle the entire bet at the current value and the bet is closed. This is the standard Cash Out most bettors are familiar with.
Partial Cash Out allows you to settle only a portion of your bet at the current value while leaving the rest running. For example, if your Cash Out value is $38, you might take $20 now and leave the remaining portion live. This is particularly useful on accumulator bets where you want to bank some profit while still having exposure to the remaining legs.
A few things worth knowing about the Cash Out feature.
The sportsbook always builds a margin into the Cash Out value. This means that the Cash Out value at any given moment will almost always be slightly less than the theoretically fair value of your position. This is how the sportsbook makes money on the feature.
Cash Out is not always available on every bet or every market. Some events are taken off Cash Out temporarily - for example during periods of in-play action when odds are suspended. If Cash Out is greyed out on your bet, you will need to wait until it becomes available again or let the bet run to settlement.
The Cash Out value updates in real time as play progresses. The value when you click Cash Out may differ slightly from the value shown a moment earlier if the market has moved. Most sportsbooks ask you to confirm the Cash Out amount before it is accepted to prevent any confusion.
On accumulator bets, the Cash Out value reflects the probability of all remaining legs winning. If you have a five-team accumulator and four legs have already won, the Cash Out value for the final leg will be substantially higher than your original stake - but still less than the full payout you would receive if the final leg wins.
Cash Out is a tool, not a strategy in itself. The decision to Cash Out or let a bet run is a judgement call that depends on your read of the match, your appetite for risk, and how much the guaranteed return means to you relative to the potential full payout. There is no universally correct answer - it depends entirely on the situation and the bettor.
