Some people prefer to ride out their bets until the bitter end, but sometimes you can make secure winnings that you wouldn’t get otherwise by biting the bullet and hitting that cash out button.
The premise of a cash out is very simple. When you place an accumulator, there will be a button at the bottom of your bet slip that says ‘cash out’ and then a numerical value in pounds. This will appear as soon as you place the bet and before any games kick off it will normally be identical to your stake as the bet hasn’t started yet so you can’t make a profit or a loss from the bet. This isn’t the case with all bookies, some will have a reduced cash out immediately after you place the bet, regardless of the situation.
You can use this button at any time unless your cash out is suspended. Your cash out will become suspended when there is an incident in any of the games that make up your accumulator, wheren / betting has been suspended on that individual game. This could be thing such as a goal, a red card or a penalty.
Some bookmakers offer a ‘partial cash out’. This is where you can cash out a certain amount but leave a smaller stake still on the bet. You can do this to guarantee some profit or perhaps just secure what you staked, then if the results come in you’ll get some extra winnings at the end. It’s a nice in between of cashing out and riding the bet out.
It’s tough to give a set formula of when the right and wrong times are to cash out of an accumulator, especially with how much can change in such a short amount of time in football.
Many people have differing opinions on cash out and how to use it. If you had an accumulator that returned £150 and the cash out was at £110, some would make the decision by asking: would you stake £110 on those results right now? You just need to consider if it’s worth holding out for more money or whether the current cash out would be of great benefit to you. Guaranteeing profit through a cash out is a very viable choice, of course the bet may go on to land but if it doesn’t then you’ve really succeeded.
There are some instances where it just makes sense to cash out, as there may just be a few pounds difference between your potential returns and your current cash out and you’d feel pretty stupid if a team concedes an incredibly late goal to sink your accumulator when you had the option to cash out.
It’s hard to say when is ‘too early’ to cash a bet out. Personally I wouldn’t take a cash out of less than my stake, this is particularly applicable to lower stake bets, anywhere between £1 and £10 there’s very little sense in cashing out for a loss. Obviously the situation varies from person to person and a lot of it is down to personal preference.
Most bookmakers in today’s markets offer some form of cash out system, some are different to others and different bookmaker’s are more or less generous with what they offer than others. Some are quite frugal in their offer of a cash out and will keep the amount closer to your original stake than your potential returns. Bookies such as Bet 365 and SkyBet tend to offer relatively solid cash outs, so if it’s something you’re thinking of adopting more regularly I’d take that in to consideration.
Regardless of bookie or your own personal preference, you need to apply some logic to each individual accumulator. I recommend having done your research on the teams involved so that you can make a clearer decision about whether or not cashing out is the correct option. If you’re relying on a team to hold on to their lead but they have a terrible defensive record or regularly concede late goals; that’s the kind of thing you need to be familiar with. You also need to check on the stats of the games being played, check out which team is on top, has their been any red cards or clear cut chances for either team? It’s all about getting the right perspective of what position your backed teams are in and then making a sensible decision.