Bet365 allows you to cash out bets before they are fully settled. The cash out feature is available for in-play bets, pre-match bets, and ante-post bets. There are certain restrictions on which bets can and cannot be cashed out, depending on the betting markets that have been selected. This guide explains the full features and limitations of Bet365’s cash out functionality. If you are looking for information on how to cash out the bonus, have a look at the Bet365 bonus tutorial which lists the exact steps needed to claim, use, and cash out your bonus funds.
Once you have placed a bet with Bet365 it will appear under the ‘My Bets’ section on the desktop site, which is located on the right-side on the bet slip. It is from here that you can then edit, swap or remove your bets.
You can see a list of your current bets on the mobile site or the Bet365 app by clicking ‘My Bets’ at the top of the screen when you are logged in.
How It Works
Cash out works by analysing the current situation of the selection(s) on the bet slip. It will generate a cash-out value based on the number of selections on the bet slip that have already won, and the probability that the remaining selections will win.
The cash out value is likely to fluctuate heavily when the bet features selections that are currently in play. This may also cause cash out to disappear, which is explained in further detail later.
The cash out value can also change when a game is not in play. As the odds of the unsettled selection on the bet slip are regularly changing, the cash out value will change to react to this.
Cashing out Single Bets
Single bets can be cashed out before, or during the match, if Bet365 have the game on their in play menu. Occasionally, Bet365 will have obscure matches from lower leagues in available to bet in-play, but cash out will not be accessible. This is usually as they only have limited data on the match and their trading system cannot update cash out to reflect the game’s progress.
Cashing Out Multiples & Accumulators
Multiples and accumulators can be cashed out, just like single bets. The principles are the same – the cash out value is often a reflection of how well the bet is progressing and the probability that the remaining selections will win. If several selections on your bet slip are currently in-play, the cash out feature is likely to disappear or be locked.
Why Is My Cash Out Value So Low?
Bet365 are likely to offer you a lower cash out value than you believe you deserve. This is the same way that they price up their markets. Odds are purposely set lower to ensure that whatever the outcome of the event, Bet365 still makes a profit. The same principles apply with cash out – they are making you an offer which represents poor value, in the hope that your greed, nerves or desperation lead you to cash out and don’t let the bet run until the end.
When Can I Cash Out Pre-Match Or Ante-Post Bets?
Cash out values are usually offered straight away when you place a pre-match bet, before it goes in-play. The cash out value is usually less than your stake size so Bet365 can profit from bettors changing their mind straight after placing the bet. Cash out values may also change before the match even begins.
Example Cash Out Scenario For A Pre-Match Bet
For a single, pre-match bet, an example cash-out scenario would be a bet on Barcelona to beat Real Madrid. If Lionel Messi is injured before kick off, the chance of Barcelona winning would decrease, and as a result, your cash out value would also decrease.
When Can I Cash Out Multiples Or Accumulators?
Accumulators can be cashed out at any time, just like single bets. The same restrictions apply – if a game is currently ongoing, but not featured on the Bet365 in-play menu, it is likely that cash out will be unavailable. Continue reading for more detailed information on why cash out is unavailable.
Example Cash Out Scenario For An Accumulator Bet
A good example would be a £10 treble containing Chelsea, Liverpool and Everton all to win, each with odds of evens. If the bet wins, it will return £80.
If Chelsea and Liverpool both win and Everton are yet to play, the cash out value is likely to be around £40 – which is what the bet would have returned if Everton were not included in it.
Once the Everton game goes in-play, the cash out value will change depending on the status of the game. It will reflect the current in-play odds on Everton to win the match. If Everton take the lead, their odds will drop and your cash out value will rise. If they go behind, the cash out value will fall. If they remain tied, the cash out value will slowly dwindle away as the final whistle approaches.
This constant change in cash out value leads to people making rushed decisions, allowing nerves to get the better of them. The cash out facility allows Bet365 to capitalise on punter’s poor decision-making skills and payout on unfinished bets at far less than they would do if it ran to the end.
Cashing Out In-Play And Why The Cash Out Feature Disappears
Bet365 allow you to cash bets out in-play, providing the betting markets on your bet slip are not currently suspended.
When an event occurs that could affect the outcome of a game, Bet365 will suspend some, or all, of the betting markets for that match. Examples would include – a red card in football, a penalty, or a clear-cut chance at goal.
Bet365 suspend the betting markets and cash out functionality to allow their systems and traders the time required to update the odds and betting markets, in relation to whatever may, or may not have just taken place. If a goal is scored, for example, their employees and software need time to react and reset the odds to reflect the changed scoreline.
When Cash Out Has Completely Gone Or Isn’t Functioning Correctly
Cash out can sometimes fail to work correctly, or it may be removed and not even be an option. This has occurred in the past at peak times, such as throughout a Saturday afternoon in Europe when hundreds of football fixtures are in-play, or during the World Cup when there are thousands of punters on the site at one time.
If you think there is an error with cash out, or some of the features have caused you some upset or problems, it is best to contact customer services through the Live-Chat feature. It is available 24 hours a day, 7 days a week. Bear in mind at peak times they will likely be busy with other customers experiencing similar issues.
Disallowed goals can occasionally skew the cash out value in either direction. Bet365 will normally suspend the in-play betting markets, and the ability to cash out when a goal is ruled offside or disallowed for another reason. This usually gives the systems and traders at Bet365 chance to rectify the odds and markets to reflect the actual score.
Cash out normally takes a few seconds to process, just like the delay that is purposely added to the placing of bets when in-play. This delay is vital to allow Bet365 to react to the live happenings of a match and ensure they are not caught out by customers who may have access to real-time data that is more up to date.
Cash Out Tips
Despite what some sports bettors tell you, cashing out bets is never a wise idea as it harms long-term profitability. You will be receiving winnings for a bet that might go on and win, at terrible odds. The key to making money from sports betting is to bet where there is value. Cashing out an £80 winning bet for £60 is terrible value and will cause you to lose money in the long term.
Partial Cash Out Using The Slider
Bet365 has recently introduced a new feature allowing you to partially cash out your bets. This will return some funds to your account, and leave some money running on the bet until it has been fully settled. You will incur a slight loss by partially cashing out, although it aids the decision-making process for those in doubt whether to let a bet run its course or not.
Simply tap or click the button to the right of the yellow cash out button to activate the slider. Move the slider from left to right and observe the cash-out value offered. Once happy with your decision, tap the cash out button.
Only single bets and straight accumulators (folds) can be partially cashed out – it can’t be done on combined multiples such as Trixies, Yankees, Lucky 31s etc.
Partial cash out would be the recommended strategy for those who are a little unsure whether to let a bet run until the end, or perhaps those who are unable to monitor the status of one of their remaining selections and wish to lock in some profit in case of any upsets.
Bets that are not cashed out will run their course until they are fully settled. Our next guide covers Bet365’s settled bets terminology, void matches, and what happens when a game is abandoned or postponed.