Cash out: the essential option for bettors

Canadian sports betting sites must constantly innovate to attract bettors and offer a unique experience. In recent years, sports betting sites have particularly innovated on the development of mobile platforms and live betting. Among the recent novelties that have upset betting habits, there is the cash out option. This is simply a trading tool that completely changes the way of betting live. We explain everything to you in our review below of our guide .

To get started on the right foundations, here are our TOP 3 best bookmakers for cash out

Even if the cash out option tends to become more popular on most bookmakers, some platforms remain more reputable than others on the use of this option. Between the number of events where the option is proposed and the margins taken by bookmakers , it is important to choose the right sports betting site from the very beginning. For you, we have listed the 3 most reputable bookmakers on the market in terms of their cash out option.

Cash out, what is it? Find out in our cash out guide

Our cash out guide will reveal everything you need to know about this new option introduced by bookmakers. Cash out is an option offered on the bookmakers' live betting interfaces. In practice, this possibility allows you to close your bet before the end of the match on which you bet. Usually, when you bet on a team's victory, you have to wait until the final whistle to cash in your winnings or mourn the loss of your bet. With the cash out option, you can settle your bet whenever you want. If the team you bet on leads the score 1-0 with 10 minutes to go, you can use the cash out option to pocket a portion of your winnings . Of course, you will not pocket all of your potential winnings if you use the cash out rather than waiting for the end of the game. However, this allows you to secure part of your winnings and avoid last-minute (bad) surprises.

How to make a cashout?

Making a cash out is very simple. Here are the steps to follow to become a cashout master :

• Check that the "cashout" option is stipulated by the bookmaker on the bet you want to bet.
• Make your bet.
• When the match has started, go to "my bets" in your customer area.
• Click on "cash out".
• Validate and get the money directly to your account.

What is a cash out? The differences between bookmakers

Now that you have assimilated the basic functioning of cash out, it is necessary that you understand that there are some differences depending on the bookmakers . We will present them to you here, so that you can better choose your platform according to your needs.

Unibet Cash out

Unibet is a very famous operator for its cash out. This innovation is also highlighted on its website. The good news for players is that unlike other competitors, the cash out option is available on a large number of sporting events . Football, tennis and basketball, for example, will almost always be affected by the cash out option, as will other slightly more confidential sports. What makes the Unibet cash out experience pleasant is the ease and simplicity with which it is possible to use the option. Simply go to "my bets" in your customer area, click on "cashout", then validate. The money will be available immediately on your account.

Bwin Cash out

The operator Bwin was also one of the first to offer the cash out option to its customers. Here too, the number of sports and bets affected by this option is quite substantial, to the delight of Bwin customers. Above all, the margin taken by the operator on the cash out is very low .

• Example : You bet 100 dollars on Toronto in the NBA at odds of 2.50, many bookmakers will offer you an immediate cashout at 90 dollars (so you will lose 10 dollars). Bwin, for its part, will offer you a cashout of around 95 dollars, and you will therefore only lose a maximum of 5 dollars if you have changed your mind. This low starting margin is a harbinger of much larger cash outs later on if you decide to keep your bet!

Betway cash out

Betway is a bookmaker that also offers the cash out bet to its users, but with a very interesting innovation. Indeed, the platform has recently introduced the partial cash out . On the operators mentioned above, when you click on "cash out", you get back a certain amount of money regardless of the outcome of the bet. With the partial cash out, Betway offers you to withdraw a certain amount, then leave another one in play .

• Example : you bet by 100 dollars on the Los Angeles Lakers at odds of 2.50. At the end of the third quarter, the Lakers lead 85-70. Betway partial cash out allows you, for example, to recover $100 and leave $100 in play. If the Lakers win the game, you win that extra $100, otherwise you'll only get the $100 from the partial cash out (but won't lose any money).

How to win at cash out?

Thanks to the cash out option, you can secure earnings or limit potential losses . Indeed, the goal is to use the cash out option when you feel that your bet is not going to be a winner. If you bet on the victory of your favorite team but the score remains hopelessly at 0-0 at the 85th minute, you can completely resort to the cash out option in order to recover part of your bet.

The cash out option is therefore a tool that traders use that allows you to "resell" your bet according to the evolution of the match. It is not always useful to use the cash out option. If your bet promises to be a clear winner, it is up to you to be patient and reach the end of the match to cash out all your winnings. We decided to introduce you to some cashout techniques used by professional bettors.

Bet on a 0-0

The first technique consists of bet on a 0-0 on a match that you feel is tight or between two teams with a defensive profile. Make your bet and then wait for the game to start. When you see that the first free shares are starting to arrive, click on the cash out option to cash out a profit. The further the match progresses, the greater the proposed cash out will be.

• Example : Bet $100 on a 0-0 between Atletico Madrid and Real Madrid at odds of 15.00. After 30 minutes, the odds of 0-0 are 8.00 and the bookmaker offers you a cashout of $ 250. So you just won $150 net.

Spot the big odds

Another technique used by bettors is to spot the big odds which do not deserve to be so high. This is also what is known as the value bets . Spotting a value rating can pay off big. Indeed, if you manage to find one, it may be that the bookmaker adjusts the odds even before the start of the match. Of course, your rating will remain the same as when you took it, but you can making money before the game has even started thanks to the cash out option.

When is the right time to make a cash out?

If you have read our article, you must have realized that there are no good or bad times to make a cash out. Nevertheless, there are some tips that can help you make the right choice :

• If you have bet on the victory of a team, that it wins a few minutes from the end and that the difference between the maximum potential gain and what the cash out offers you is tiny , then opt for the cash out option. It would be stupid to lose your bet because you have been greedy for a few dollars, especially since a reversal of situation has quickly arrived.
• On the other hand, if the team on which you have bet is losing the match, the cash out option will very often offer you a small amount. If it may be tempting to recover a small part of your bet, we do not recommend that you do this because here too, your team could turning the tide and your bet could become a winner in a few minutes!

So it's all a matter of feeling in relation to the amount that the cashout offers you.

The limits of cash out sports betting

Bookmakers do not offer this option on all sports. We usually find the cash out option on football, basketball or tennis matches. Cash out sports betting is not offered on MMA fights or electronic sports. These disciplines offer relatively short confrontations and therefore do not allow the cash out option to be used. As for the sports betting sites that offer the cash out option, we recommend that you play on Unibet, Betway and Bwin. Have a great game and good luck!

Article on cash out in Canada updated on 05/16/2023.