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 welcome offers when signing up! Get up to £50 in free bets, an odds boost token, 20 free spins and £10 casino bonus when you sign up and complete four welcome challenges.
How To Cash Out With Sportingbet
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Access “mybets” by tapping on ### in the top-left hand corner of the Sportingbet header or via your account menu.
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Select the filter “Cash Out” to view all bets with “Cash Out” option.
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Tap the yellow button (available under your bet) to initiate the “Cash Out” process for that bet.
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Confirm payout action.
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Upon successful execution, a confirmation message will be displayed.
Why Would Cash Out With Sportingbet Not Be Available?
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The respective odds have fluctuated.
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The bet has been frozen or closed.
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The bet was placed through a system bet.
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The bet was placed using a bonus offer.
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The bet was placed using a Free Bet.
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The bet was placed with PROTEKTOR.
Sportingbet Cash Out Key Terms
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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.
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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.
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Single and multi bets are eligible for the Cash Out feature.
Best Betting Sites With Cash Out
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Bet £10, Get £30 in Free Bets Bet £10, Get £30 in Free Bets 18+ New cust only. Deposit & Place a Bet within 7 days, and settle a £10 minimum bet at odds of 4/5 (1.8) or greater, to be credited with 3x £10 Free Bets: 1 x £10 Horse Racing, 1 x £10 Free Bet Builder and 1 x £10 Football. 7 day expiry. Stake not returned. Full T&Cs apply. Bet Responsibly. GambleAware.org #ad |
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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.