What is Cash Out, Partial Cash Out and Auto Cash Out?
It can sometimes get rather difficult to grasp the full scope of changes introduced to betting with the introduction of online betting.
The overall betting landscape has become unrecognisable compared to not more than five or ten years ago. The betting sky is filled with plenty of online operators some of which are shining brighter than others thanks to their innovative approach that sets them apart and separates them at the top of the pack.
In addition to the introduction of features such as In-Play Betting and most notably Betting Exchange, some particular betting novelties have definitely been Cash Out, Partial Cash Out and Auto Cash Out which will be individually explained further down in this article.
Proud product of Betfair, Cash Out is a betting option that presents players with an opportunity to lock in a profit or loss without waiting for the selected event to finish. With a single click or a tap, you can cash out all of the bets placed on a single market if you – in example – feel that the result could change until the end of the match, race or any other event.
Once you decide to cash out, Betfair will do the math and offer you with a value in real time of your current bets, all based on the prices available on the live markets. This revolutionary feature is available in Horse Racing and a variety of other Betfair markets.
You need to remember that Cash Out amounts are not guaranteed sums as they are determined on the live markets which are constantly moving up and down the scale. This does not necessarily mean you will get less than indicated, on the contrary.
Partial Cash Out
Another live facility created as a competing betting option to Betfair’s vision and novelty, Partial Cash Out will let you cash out a part of your bet and let the remaining part of it run until the end of the selected event.
Having collected some of your winnings, you will be allowed to have a bit of your stake on the bet for a lock-in profit regardless of the outcome. Partial Cash amount is determined based on the live prices available on your selection, just like with Cash Out feature.
The minimum amount you can cash out on a partial Cash Out facility stands at 10% of your total stake. To illustrate it further, the minimum Partial Cash Out on a £100 bet is £10, which thus leaves £90 in the running for the rest of the match or any other selection.
Auto Cash Out
We’re pretty sure Bet365 did not take it too lightly to see one of their biggest competitors Betfair come up with such an ingenious live facility such as Cash Out so they quickly thought of a way to compete and get back in the game with their own – Auto Cash Out facility.
Bet365’s patent lets you place bets on an event you can’t watch whether it’s for work, travel or simply sleeping.
Bet365 customers are given a chance to create a cash out rule which will automatize the bet to be cashed out if it reaches a certain threshold. To make things even better, Bet365 will also allow you to set an auto partial cash out option.
Cash Out Strategy
For a single moment perhaps considered a frowned upon betting novelty, Cash Out – and its alternatives – has grown into becoming the betting industry’s standard.
You will hardly find a bookmaker that doesn’t offer this exciting facility these days and for a growing number of sports, events and markets as well. Variations exist and you should steer away from getting engaged in any Cash Out dealings with unreliable and unproven bookmakers, but if you do it so with the likes of Betfair, Bet365 and Coral as bookies which invented all of the Cash Out versions, you should be safe to enjoy this wonderful feature.
Cash Out – just like Partial and Auto Cash Out – is a betting tool used to help you withdraw your money before the match/race or any other event for that matter is over, all in order to maximise profits and minimise risks. And while talking about a Cash Out strategy as the main topic of this article, sticking to this simple explanation of this popular facility might be the best advice you can get.
Let’s assume you’ve placed a £10 bet on Arsenal to beat Liverpool at Anfield at 5/1 betting odds, which puts you in line for a possible profit worth £40. Arsene Wenger’s men are surprisingly taking the lead with 15 minutes left on the clock but you witness Jurgen Klopp’s side open up and advance more freely and confidently towards the Gunners’ goal in the very next moment.
Now with the Cash Out feature you can opt to withdraw your winnings at the 80th minute of the match for the 3/1 price which leaves you with a possible £30 payout. It’s a safe way out and a stress-free win you can go for. If the Reds go out to score a goal for a 1-1 draw or use their potent style of play to overturn the result completely for a 2-1, you will go home with a big smile on your face.
On the other side, if Arsenal scores another one from a cracking counterattack, you have just missed on pocketing another £20. But in this particular case, it definitely is not the risk worth taking.
Just like the above-mentioned example, every individual situation needs to be analysed and judged based on its own merits. The main aspect of any Cash Out strategy is to go in with a cool head and a calm heart in order to avoid any rash decisions or to make moves you’ll later on regret. And this is especially true with a losing bet when you are advised to Cash Out in order to minimise your losses.
To illustrate it using the same example, we’re going to assume you decided to stick with your original bet until the 80th minute of the match at Anfield when Liverpool perform a well-organised attack and strike back to level the score to 1-1. With ten minutes on the clock plus extra time and Liverpool move up a gear feeding on their psychological edge and loud backing from the stands Cash Out will offer you £10 which is your stake bet and you decide to take it.
Jurgen Klopp’s men then latch on the momentum and push the game further in their favour for a memorable 3-1 comeback thanks to a late Firmino brace but that’s none of your concern as you have your original stake back safely in your pocket without ever losing any money. Or nerves.