Cash Out Betting Explained

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5 August, 2024
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Cash Out has revolutionised the way we bet, both online and in-store, and it has now become commonplace for punters, so much so it’s a surprise when the option isn’t offered by bookmakers. But what is it exactly, how can it work for you and is it just another trick by the trader designed to separate you from your cash?

For the answers to these questions, let’s take a closer look at what cash out betting is and how it has shook-up the sports betting world for evermore…

Picture the scene, you have a 10-team football accumulator placed and things are going well as you sit at home, nervously following the scores on TV, hoping for good news of a goal that’ll sway things in your favour, dreading every update as the one that could wreck your bet. In days gone by you’d be stuck in limbo until the final whistle in each of your 10 matches of interest, needing to have all 10 correct at the end to land that prize that will change your weekend for the better.

That’s the traditional style of betting and there was a beauty that pitted you against the bookie in a straight shoot-out of knowledge, who knows more and who has the luck on their luck. If all 10 teams came good, you’d be the champion of the day and a sizeable chunk of change would be heading in your direction. If, however, you were off the mark – even by just one team losing or drawing – it would be the trader who had their arm raised and declared winner, taking both your stake and the bragging rights, leaving you to slump back to the drawing board, lick your wounds and set-out your next plan of attack.

Things Have Changed

It was a battle that raged across the country on match day, but things have changed. The introduction and growth in popularity of online sports betting meant we no longer had to get ourselves along to the local smoke-filled betting office before the 2.55pm deadline to have our football accumulator accepted. You could now bet at home or when on the move, all at the click of a button. Convenience is now king and although bookmakers’ profit margins have soared as a result, so too have the number of winning bets collected.

The ability to bet on your desktop or mobile device through a betting app opened a world of new possibilities, including live betting, or betting in play. This saw many of the pre-match markets updated throughout the course of play, allowing you to have a punt at any time during the course of the match, race, fight and it was all done in real-time.

Match odds were updated to keep pace with the play and this real-time betting meant customers were now checking their mobile devices and betting apps more regularly for the latest updates. It used to be a punter would access a betting site, place their bets and then only return at the end if they had bagged a winner or wanted to place a wager on the next fixture. Now we check our apps many times during the course of a football game and bookies seized on this new trend as the perfect way to launch cash-out.

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