This article will outline in detail everything you need to know about the Ladbrokes Cash Out feature. This includes a step-by-step guide on how to use it, as well as the key terms and conditions that you should be aware of.
What Is Ladbrokes Cash Out?
Ladbrokes were one of the early Cash Out betting pioneers and have been offering this service for some time now. By doing so, the bookmaker allows its customers to have more control over their bets.
The Ladbrokes Cash Out feature enables you to settle your bets, so you can secure a profit or minimise your losses before an event has finished. Your bet will be settled at the Cash Out price, which is calculated using a formula relating the price at the time you placed your bet and the odds at the time you requested to Cash Out.
You are also able to Cash Out online or through the Ladbrokes app on Android and iPhone. Bets that are available to Cash Out will be displayed under the ‘My Bets' section. The Cash Out button will be greyed out when it is unavailable. Clicking on the “i” will show a pop up explaining why it has been suspended.
Since Ladbrokes is also a high street bookmaker up and down the United Kingdom, you can also take advantage of Cash Out In-Shop, with bets placed in store, by using the Ladbrokes Grid Card mobile app. Just enter the 14 digit bet receipt number and hit ‘Submit'. Cash Out is open to all Ladbrokes customers.
Cashing Out with Ladbrokes
While it may sound daunting at first, Cashing Out your bet with Ladbrokes couldn’t be simpler. Below, we will walk you through the process of how to Cash Out on both Ladbrokes website and Ladbrokes mobile app.
How to Cash Out via Ladbrokes Website
When betting on the Ladbrokes site and you feel that it is necessary to Cash Out, this is how to get it done.
Log in to Your Account: After you have logged in to your Ladbrokes online account on a desktop browser, place a bet of your choosing.
Go to My Bets: Once the event is underway, follow it closely to watch the action. When you feel like Cashing Out might be the right option, go to the My Bets section where you will be able to see and access all your current bets. Here, you will be able to click on the in-play bet that you wish to Cash Out.
Choose Your Cash Out Bet: Simply pick the bet to be Cashed Out early by clicking on it.
Check the Ladbrokes Cash Out Offer: When you open up your bet, you will see the currently offered Ladbrokes odds. Decide whether or not you want to accept this price.
Make a Call: If you suspect that your bet is sinking and that the offer works for you, take the cash out.
How to Cash Out via Ladbrokes App
You are also able to Cash Out through the Ladbrokes mobile app, available for both Apple and Android devices. Here’s how to get it done.
Log in to Your Account: Select the Ladbrokes sports betting app on your mobile device and log in to your account.
Place a Bet: Pick the sporting event of your choosing and select a market. Add it to your betting slip and select a stake before placing the bet.
Go to My Bets: After the event has started, be sure to follow the action as it unfolds, so you know how well your bet is doing. When you think the time is right to Cash Out, head to the My Bets section to see all your current bets.
Choose Your Cash Out Bet: Click on the bet you want to Cash Out.
Check the Ladbrokes Cash Out Offer: Clicking on the bet will bring up the real time Ladbrokes odds being offered, which you can choose to accept if you wish. If you are happy with the offer, you may proceed with Cashing it Out.
Partial & Auto Cash Out
It is important to know that you have multiple Cash Out options at Ladbrokes. You do not have to forfeit the entire wager. Bookmakers, including Ladbrokes, offer full and partial Cash Out.
With partial Cash Out, you can accept part of your winnings but leave some stake in play to ride out the remainder of the event in question.
There is also auto Cash Out. With this feature, you set the pay out value at the outset of the bet. Should the pay out value reach your predetermined amount while the event is in play, Ladbrokes will settle the bet automatically.
Not Yet Joined Ladbrokes?
Those without a Ladbrokes account can take a look at the Ladbrokes Bet £5 Get £20 free bet sign up offer or range of Ladbrokes promo codes available.
If you don’t yet have an account, there are plenty of good reasons to sign up for one. For example, not only does the exceedingly low deposit welcome offer represent a 400% return on your investment, but the offer also concedes you four free bets to use on the Ladbrokes site.
Once your account is open, you are free to enjoy daily bet boosts, free to play games, acca boosts, livestreaming and casino options. Also, Ladbrokes have recently launched LadBucks – tokens that you can collect for free from promotions. You can then spend these on offers in the LadBucks Store or spin them on the LadBucks Arcade.
What Bets Can You Cash Out on Ladbrokes?
While not every event is available for Cash Out, most of the sports that you might think of can be Cashed Out. Short events such as low furlong horse races and greyhound racing will not be available for Cash Out, for obvious reasons. The same is true for some athletics events.
However, sports such as football, tennis, golf, rugby, darts and snooker should grant you Cash Out options. Cricket is another sport available for Cash Out, as it is the UFC, the NFL and the MLB and the NBA.
When Should You Cash Out?
As good as Cash Out may sound, getting it right can be tricky. Sporting outcomes are seldom guaranteed and Cashing Out can work for and against your best interests. Here are a couple of examples that could lead you to explore your Cash Out options.
Consider Cashing Out when your bet is winning but looks like it might turn into a lost, either by team performance or sheer luck. The same is true if your bet is already losing and you want to prevent a complete loss. Partial Cash Out also allows you to hedge your bets in a tight contest that could go either way at any point.
Cashing Out While Betting In-Play
Ladbrokes do offer Cash Out options for their live markets. In fact, Cash Out betting works best when in-play. Watching the game that you bet on certainly helps to understand the correct timing, and Ladbrokes offers livestreaming for certain events.
When watching your chosen event, either through Ladbrokes, on TV or live in the stadium, you will be able to see how the action is playing out. Any on-field occurrences can be a turning point in the game or match and will serve as key indicators as to how things might play out. This is why the Cash Out option is such a game changer in the betting world.
Why Would Cash Out via Ladbrokes Be Unavailable?
There are occasions when Ladbrokes might not allow you to Cash Out your bet. There could be several reasons for this. These include:
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Your bet contains markets that are not eligible for Cash Out.
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One or more of the markets in the bet is suspended.
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A free bet has been used to place the bet.
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The bet has been used to trigger a free bet or promotion.
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The Cash Out value would be £0.
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The number of selections in the accumulator is more than 14.
Ladbrokes Cash Out Key Terms & Conditions
As it is always the case with betting site features and promotions, there are a few terms and conditions needed to be met. The same is true for the Ladbrokes Cash Out offer. Some key terms and conditions that you should be aware of include the following.
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The Ladbrokes Cash Out offer is available to customers playing on the Website and those using The Grid in shop.
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Bets on selected Sports markets, on single Sportsbook bets and Sportsbook single line multiple bets can be Cashed Out via the mobile application or mobile site.
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Cash Out is not available for full cover bets, such as Trixie’s, Lucky 15s, Heinz, etc.
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Following a request to Cash Out your bet, Ladbrokes will notify you whether you have been successful.
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Cash Out requests are not guaranteed and can be unsuccessful if there is a change in the odds or a market suspension before the Cash Out request was made.
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If your Cash Out request is unsuccessful, a message will notify you explaining why, and a new Cash Out offer might be made.
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Ladbrokes reserve the right to amend, suspend or remove Cash Out availability at any time, on any market or to any customer.
ThePuntersPage Final Say
Ladbrokes Cash Out adds a new dimension to betting and gives more control to punters. So now you can automatically guarantee a return and secure a profit or minimise losses before an event has finished.
Remember, too, that Ladbrokes offers full, partial and auto Cash Out, providing you with more control over your bets.
FAQs
Cash Out works by allowing you to settle your bet before the event in question has reached its conclusion.
All Ladbrokes bets are paid out instantly after being settled.
There can be plenty of reasons for Ladbrokes not letting you Cash Out, such as shifting odds and markets.
Bets eligible for Cash Out include singles and multiple bets placed on selected sports markets.
The best time to make a Cash Out request is when you think your bet might turn into a lost or you want to prevent further losses.