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.
Welcome Bonus Bet - Bet £10 Get £20 terms. This offer is for new sports customers only and is available once per household. Max. Bonus Bet amount £20. Minimum wagering on the sport to activate the Bonus Bet is £10 (which can be achieved from a Min deposit of £10). Offer valid only to customers wagering on sport £10 or more and make a qualifying bet in accordance with the Bonus Bet Specific Terms and Conditions below.. 1st Place Prize: £1000. Prizes granted up to 48h after the tournament ends. Bonus Bet does not contribute towards the leaderboard. Click to see full T&Cs #ad New Customers only; Min. deposit £15; Bonus amount 50% of deposit up to £50; Wager deposit and bonus 8x within 30 days; 4/5 Min. single odds or 2/5 min. acca selection odds; Max. stake contribution equal to the initial bonus; Certain bet types and payment methods excluded; See full terms; Terms apply; 18+ #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+ / Customers will be awarded £15 in Free Bets and £15 in Free Spins for Casino and Vegas. New Customers only. Free Bets valid for 3 Days. Free Spins valid for 30 Days. T&Cs apply #ad 18+ New customers only. Deposit, opt-in and place your first bet on any football market within 7 days of opening your account. We’ll refund up to £30 in cash if your 1st bet loses. T&Cs Apply. begambleaware.org | Please gamble responsibly. #ad New customers only. Deposit £20 using Debit Card, bank transfer or Trustly. Up to your first £20 of losses will be refunded as CASH within 24 hours of qualifying bet having been settled. T&Cs apply. #ad New users only. Min deposit £20. Place qual. bets of £20 to £50 (min odds 0.5/1, 2+ legs) in first 7 days after deposit to unlock free bets. Free bet rewarded as 4 free bets that total first deposit amount. Min odds 1/1, 3+ legs, 7 day expiry. Winnings credited in cash. Full T&Cs apply. #ad 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 • Stake £10+ on any of our wide range of sports
• Get a £20 Free Bet bonus, made up of 2x £10 Free Bets
• Get your first £10 Free Bet upon qualifying bet settlement
• After your first £10 Free Bet has been settled, the remaining £10 Free Bet will then be credited to your account #ad Valid for new UK customers who have registered from 15/02/2021. Qualifying stake must be on Horse Racing, Premier League, Championship or Champions League home or away selections. Free Bets have minimum odds of 1.2. Minimum odds of 1.8 on qualifying bet. Bets on the draw will not qualify for a free bet. Valid once per customer. Free Bet valid for 7 days. Free Bet max winnings is 20x Free Bet stake 18+ | New UK players only | Min deposit req. £10 | Certain deposit methods excluded | Place 1 sport bet (3+ selections) | Excl Horse Racing | Min stake £10 | Max stake £20 | Min Odds 1/5 (1.5) for each selection | Max FreeBet £20 for football only | FreeBet valid for 7 days| FreeBet stake not returned | T&Cs apply #ad Minimum deposit of £10 using deposit code 30F - A qualifying bet is a ‘real money’ stake of at least £10 placed on any sports market - Minimum odds of 1/2 (1.5) - Free bets credited upon qualifying bet settlement and expire after 7 days - Free bet stakes not included in returns - Casino Bonus must be claimed within 7 days • To withdraw bonus/related wins, wager bonus amount x40 within 14 days • Wagering req. vary by game • Deposit methods, Withdrawal restrictions and Full T&C’s apply. #ad New Customers opt in, bet £5 & get 2x £10 Free Bets for set events (odds 2.00+) + £10, Slots Bonus, selected games, 20x wagering to withdraw max £250. Bonuses expire in 7 days. Card Payments only. Additional terms for existing BetVictor customers apply. T&Cs Apply, see below. 18+ | begambleaware.org | 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 18+ | New players only | Min deposit req. £10 ; excludes deposits via PayPal | Max stake £10 | Min Odds 1/1 (2.0) | Max FreeBet £10 | Excl Horse Racing | T&Cs apply #ad 18+. UK+IRE only. Paypal & some deposit & bet types excl. Min first bet £5 a odds 1/2 or more. Tote and Pool excluded. Must be placed within 14 days of account reg. £20 credited as 2 x £10 free bets. Not valid with CashOut. Free bet valid for 7 days. Free bet stake not returned. 18+ T&Cs Apply. #ad New customers using promo code M40 only. 1x per customer. Min £/€10 bet. Min odds 1/2 (1.5). Free bets of 2 x £/€15 issued after first qualifying bet settles. Max £/€10 Bonus. 35x wagering requirement. Max redeemable bonus: £25. Casino bonus expires after 72 hours. UK & Eire only. Additional T&Cs, including free-bet, game, location, payment method and stake contributions apply. See full terms below. 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 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
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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.
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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