In this article we explain all you need to know about Sportingbet, including a step-by-step guide on how to use the feature as well as the key terms you should be familiar with.
Just like many other top bookmakers today, Sportingbet offers Cash Out betting options for punters who would like more control over their betting experience.
What Is Sportingbet Cash Out?
Sportingbet offers a Cash Out feature on single and multi bets, which means that winnings incurred through these bets can be collected prior to the bets finalising. The winning amount would vary according to the actual odds. This enables punters to secure a positive outcome or reduce their risk.
Sportingbet provides the following example to further explain the Cash out feature:
You place a EUR 10 live bet on the Spanish national team to win against Italy at odds of 2.40.
– Scenario 1: after 30 minutes, Spain scores a goal and takes the lead (1:0). Since this increases the likeliness of your bet being won, we offer Cash Out of EUR 18. You have the option to either take a sure EUR 18 or wait until the end of the game, hoping Spain will still be in the lead then.
– Scenario 2: after 30 minutes, Italy scores a goal and takes the lead (0:1). Since it seems more likely now that your bet will be lost, we offer an Cash Out of EUR 6. You can now take EUR 6 to make sure that not all your stake is lost or hope that the run of play will change.
Not Yet Joined Sportingbet?
If you’re new to Sportingbet, make sure you benefit from their £10 Risk-free Welcome Offer when signing up!
How To Cash Out With Sportingbet
- Access “mybets” by tapping on ### in the top-left hand corner of the Sportingbet header or via your account menu.
- Select the filter “Cash Out” to view all bets with “Cash Out” option.
- Tap the yellow button (available under your bet) to initiate the “Cash Out” process for that bet.
- Confirm payout action.
- Upon successful execution, a confirmation message will be displayed.
Why Would Cash Out With Sportingbet Not Be Available?
- The respective odds have fluctuated.
- The bet has been frozen or closed.
- The bet was placed through a system bet.
- The bet was placed using a bonus offer.
- The bet was placed using a Free Bet.
- The bet was placed with PROTEKTOR.
Sportingbet Cash Out Key Terms
- The Cash Out amount is calculated based on current odds and is subject to change depending on when you choose to accept a Cash Out.
- When Cash Out is available for a placed bet, the corresponding symbol will be displayed in the ‘My bets’ section (live betting) or the Cash Out section (sports betting – prematch) of the bet slip.
- Single and multi bets are eligible for the Cash Out feature.
New Customer Offer - Open to new accounts only. Deposit £20 and turnover your deposit five (5) times on the Sportsbook - trebles and accumulators (with three or more selections only), minimum odds each selection 1/2 (1.50) - and you’ll receive a £20 Free Bet. Additional deposits may be required in order to fulfil the turnover conditions, which must be met within 90 days of depositing. Bets placed using Free Bets or Bonus funds, or bets that have been Cashed Out, do not count towards turnover requirements. The Free Bet will expire seven days after being credited and can only be placed as a win only single bet on the Sportsbook. Free Bet stake not included in returns. #ad New customer offer. Place 5 x £10or more bets to receive £20in free bets. Repeat up to 5 times to receive maximum £100bonus. Min odds 1/2 (1.5). Exchange bets excluded. Payment restrictions apply. T&Cs apply. #ad Up to £100 in Bet Credits for new customers at bet365. Min deposit £5. Bet Credits available for use upon settlement of bets to value of qualifying deposit. Min odds, bet and payment method exclusions apply. Returns exclude Bet Credits stake. Time limits and T&Cs apply. #ad Only available to verified customers registered from 12.12.20 to 12.03.21. Place a first sports bet (min. £20; min. odds per selection - 1.8). Get £10 in free sports bets + 10 free spins on eligible NetEnt games if you lose. Get 10 free spins on eligible NetEnt games if you win. T&Cs apply. 18+. Please gamble responsibly. BeGambleAware.org #ad New customers only. Place your FIRST bet on any sportsbook market and if it loses we will refund your stake in CASH. Max refund for this offer is £20. Only deposits made using Cards or Apple Pay will qualify for this promotion. T&Cs apply. Paddy's Rewards Club: Get a £10 free bet when you place 5x bets of £10+. T&Cs apply. #ad 18+. Play Safe. New customers using Promo code H30 only, Min £10/€10 stake, min odds 1/2, free bets paid as 2 x £15/€15, free bets credited after settlement of first qualifying bet, free bets will expire 30 days after the qualifying bet is placed, payment method/player/country restrictions apply. #ad 18+ | New players only | Min deposit req. £10 ; excludes deposits via Neteller/Skrill | Min Odds 1/1 (2.0) | Max FreeBet £5 | Excl Horse Racing | T&Cs apply #ad New UK & NI customers only. promo code ‘SPORTS60’. Deposit & place first sports bet of £10+ in one bet transaction, at odds of Evens (2.0) +. settled within 60 days. First bet must be on Sports. £30 in Free Bets credited within 48 hours of bet settlement, 7-day expiry. Payment restrictions apply. SMS validation may be required. Max 60 Free Spins on Justice League Comics. 7-day expiry.Full T&Cs apply. #ad 18+ New Customers only. Deposit, opt in and place a £5 qualifying bet at odds of 2.00 or greater within 7 days of opening a new account; excludes cashed out bets. Receive 2x £10 Free Sports Bets, valid on set events only at odds 2.00 or greater, expires in 7 days. Plus a £10 Game Show Bonus, selected games, wager 40x to withdraw a max of £250. PayPal and Card Payments only. Geographical Restrictions and T&Cs Apply. Please Gamble Responsibly. #ad 18+ Eligible UK+IRE players. Paypal & some deposit & bet types excl. Min first £5 bet within 14 days of account reg at min odds 1/2 = 4x £5 free bets. Free bets valid for 7 days, stake not returned. No cash-out, restrictions & T&Cs apply. #ad
Best Betting Sites With Cash Out
ThePuntersPage Final Say
Sportingbet’s Cash Out feature is a great option for anyone who would like to minimise their risks when playing, or guarantee winnings.
Natalya is a writer and content creator with experience writing across the sports betting and financial sectors. When not writing, Natalya can be found illustrating or snapping a multitude of photographs.
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