Cash Out Betting Sites Explained
Cash out betting sites give bettors the option of settling their bets before the end of the match, race or competition. How much you earn – or, in some cases, lose – from cashing out depends on the updated probability of your initial bet coming through. Say, for example, that you’ve bet on Spurs to beat Arsenal, and they’re winning 2-1 with 10 minutes to go but you’re not sure they’re going to hold on, you can cash out at a generous fraction of what you would’ve won had you waited for the game to finish.
Of course, there’s always a frustrating chance that your initial bet ends up being right, but conversely you may find that cashing out has won you a bet you would’ve lost had you stuck to your guns. It’s situations like this that make cash out betting sites some of the most fun in the world of online gambling.
Another scenario in which cashing out is a useful tool is if you instantly regret your bet, because then you can simply cash out, often receiving back most if not all of your initial stake. Obviously, if the team you’ve bet on have already conceded, you will receive back a lot less than your original stake, but it will still soften your losses.
If you like the sound of that, read on to review and compare the best cash out betting sites and bonuses with Gambling Deals.