Which Bookmakers Offer Cash Out?
Cash out or pay out by bookmakers is now a common thing. Before we show which bookmakers offer cash out, first some more information about this popular betting option. You might have read about the UK bookmaker Betsafe offering a cash out on Liverpool winning the English Premier League in November 2019 itself, six months before the season’s end. Only Betsafe has done this particular type of cash out, but others have done their own.
The direct answer to the question which bookmakers offer cash out is this: almost all bookmakers do this for a majority of sports and on a number of bets.
While there is no guarantee that it will be available for your chosen punt with your chosen bookmaker, it is very likely to be available. We will bet on that!
What exactly is cash out?
In simple terms, it is the settling of bets before the results are announced. For example, take the recent English Premier League match between Aston Villa and Manchester City. City scored four goals before half time and nobody doubts the match’s outcome.
During the half time, the bookmakers tend to offer a cash out. They will not pay out the money based on the original odds for punters who put their money on Manchester City. They will offer a slightly reduced odds whereby the punter gets less profit.
Those who put money Aston Villa will also get a pay out offer. They will get an offer with fresh odds, wherein they do not suffer the loss that would have accrued with the original odds.
In short, pay out allows winning bettors safely exit the bet, albeit with a lower margin, and helps the losing punters to minimize their losses. There could be situations where there will not be any gain or loss: Punters receive the exact amount they put.
Bookmakers decide the amount of cash out offer and when to offer it.
Why do bookmakers pay out early?
Well, cash outs were first launched for gaining publicity. Then they became the kind of a value addition that bettors tend to look forward to. Now it has become very close to a mandatory feature. At some point of time, almost all bookmakers offer the option of pay out. Some bookmakers even offer an auto pay out option.
Pay outs also help the bookmakers to manage the in-play betting better.
Which bookmakers do cash out?
Well, here is a list of the major UK bookmakers that offer cash out on chosen markets.
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