Cash Out Betting Sites Ireland
On this page, Match.Center team compiled a detailed guide on the top Irish betting sites with Cash Out option. We explain how the tool works, and provide you with detailed examples and tips to enhance your betting strategy.
Top 5 Cash Out Bookies
Bet365
Bet365 offers all types of Cash Out options (manual, automatic, partial), for many kinds of sports, and for single and multiple wagers. It boasts one of the best live services in the industry and is a deserved leader in the category of Hi-Tech Features. Bet365 is also a consistent leader in the Irish bookmaker ratings by Match.Center.
Betfair
Betfair, a betting exchange, is the inventor of the Cash Out feature, which allows players to secure a profit without worrying about the final outcome of an event. Thanks to the betting exchange mechanism, where players wager against each other, Betfair theoretically offers early payment for any bet. However, in practice, you can only pay out on liquid markets, where someone else is willing to take your bet. Despite this, the feature sounds very impressive. In addition to being the very first, they are also among the very best.
Paddy Power
Paddy Power is among the top ten bookmakers in Ireland, according to Match.Center ratings. In addition to numerous bonuses, the website offers excellent customer service. Bets available for early payout beforehand are clearly marked, and partial Cash Out is available. Punters are treated with care and everything is handled quickly.
Ladbrokes
One of the oldest UK bookmakers, Ladbrokes offers excellent functionality when it comes to Cash Out: full and partial, with an indication of the feature availability for the planned bet, and for many types of sports. This includes niche disciplines such as boxing, handball, darts, and snooker.
A video explaining how Cash Out works is also available on the site. We appreciate such care for users. Ladbrokes is also among the best football betting sites with Cash Out, offering early settlement for all bets related to the number of goals scored and some others.
10bet
The bookmaker offers full and partial Cash Out. Sometimes, it may not provide a payout if a part of the bet is suspended, like when a goal is being confirmed. If a choice seems unlikely to win, such as when a team is far behind, they may also withhold the payment option. Unlike other sites, The bookie might not allow the buyout option for bets with certain conditions, like ‘draw no bet’. It’s advisable to check bookmakers’ terms to see if your wager qualifies for early payout before placing it. Also Cash Out cannot be used to qualify and/or wager the 10bet bonus for new customers.
How We Chose the Best Cash Out Sites
Our list of top bookmakers is based on more than just the availability of early payment options. We also paid attention to the quality of the live service, which allows for offering the feature on niche markets. We preferred platforms with streaming, and all else being equal, we chose sites with the best overall rating from Match.Center experts.
Why is William Hill not on our list? Despite being one of the stable and long-standing leaders of the betting market, as of November 2023, William Hill does not offer partial Cash Out on its new site. While WH rightfully enters most of our tops, it does not make it into this one.
What Does Cash Out Mean?
This early payment feature offered by many online bookmakers that allows bettors to close their bet before the end of the event. It can be used to limit losses or to secure a profit. When you cash out a wager, you receive an amount of money determined at the time of the settlement, regardless of the final outcome of the event.
At Match.Center, we generally do not recommend using the tool to secure a profit. In most cases, if you are close to winning, it makes sense to wait until the end of the event. By doing so, you will receive the full payout, whereas if you get cash earlier, the payout will be significantly less.
Types of Cash Out
Best online betting sites with Cash Out offer several types of early betting termination. Below is a table showing all the ways you can lock in your winnings.
Type | How it works (detailed explanation) |
---|---|
Full | This is the traditional and most common method. When you place your wager and the event begins, the pay-out value will fluctuate according to the unfolding events. |
Partial | This strategy is advantageous for managing risks. In single and multiple bets, it allows for a part of the stake to be cashed out, with the remainder persisting under the original odds. If you win, you get the leftover stake and its profit. |
Auto | Opt for a sum to be cashed out, and if the amount value matches this number, the payment is processed. You can use this setup if you do not follow the event closely, and still want to have your profits locked. |
Cash Out can be used for Accas as well, in full or partially. And you can use this feature not only on bookmakers but also on betting exchange sites where you play against other punters.
How Bookmakers Calculate Cash Out Value: Example
Here, we will show how costs to settle a bet early are calculated and fluctuate during a match. Moreover, you will also see how the two advanced varieties work: partial and automatic.
When calculating the cost of early payment, the current live odds are used. The higher the odds and the lower the likelihood of the outcome, respectively, the more modest the Cash Out price will be. Usually, the closer the event gets to the end, the more stable the odds are, but this isn’t always the case.
Let’s revisit a thrilling Premier League match between Manchester United and Crystal Palace on 24th August 2019. Before the match, you place a €10 on Crystal Palace to win at odds of 7.10. This means that if Crystal Palace wins, your payout would be €71.
As the match begins with a 0-0 scoreline, the early payout value offered by the betting site is around €8, less than your initial stake. This is because the outcome is still uncertain and the bookmaker is charging extra to buy back the bet.
However, when Crystal Palace scores the first goal in the 32nd minute, the value increases to around €22. This is because the likelihood of Crystal Palace winning has increased. The Cash Out value continues to rise as the match progresses and Crystal Palace maintains their lead.
Suddenly, in the 70th minute, a penalty is awarded to Manchester United! This dramatically changes the dynamics. The Cash Out value drops from €57 to just €15 in a moment, as the likelihood of Crystal Palace winning decreases significantly. But then, Rashford misses the penalty! The value shoots up to €63 as Crystal Palace’s chances of winning increase, and Manchester has little time to score.
What is Partial Cash Out?
Having almost had a heart attack at this point, you decide to partially Cash Out half the bet to secure a profit regardless of the outcome. This is done by adjusting a slider on the betting slip to select the portion of the wager to cash. There was a close call for Crystal Palace, and half of their win was settled at odds well below 7.10. You get €5×5.0=€25. And another €5 remains in play.
What is Auto Cash Out?
After partially Cashing Out, you set an Auto Cash Out value for the remaining half of the bet. This means that the bookmaker will automatically pay out the rest of the bet once its value reaches a certain threshold. You decide to insure yourself in case it gets hot again at the Crystal Palace gates. The second half of the bet is valued at €25, and you mark €24 as the trigger for settlement.
As the second half of the bet gains in value with time, you imagine taking out full €35.5 (half of €71). However, Manchester scores in the 89th minute! The Auto feature is triggered, but the value of the ‘Crystal Palace to Win’ bet is only €0.3 as there’s almost no time left.
So, you earn €25.3. And very soon you kick yourself for turning on Auto Cash Out after Crystal Palace scores in extra time and emerges a winner!
Here’s a timeline to illustrate how the value fluctuated during the match:
- Start of the match (0-0): Cash Out value is €8
- 32nd minute, Crystal Palace scores (1-0): amount value is €22
- 70th minute, Penalty awarded to Manchester United: Cash Out value drops to €15
- 70th minute, Rashford misses the penalty: value increases to €50
- 70th minute, You partially Cash Out half of the bet: You receive €25
- 89th minute, Manchester United equalises (1-1): value drops and your Auto Cash Out is triggered
- 93rd minute, Crystal Palace scores again (2-1), and the match ends.
Is Cashing Out a Bet Worth it?
It’s important to remember, that early payout may be the easiest, but isn’t always the best option when facing certain situations. The bookmaker always takes an additional commission when calculating the payout value, which means that mathematically it’s often clever to wait until the end of the match for the regular settlement, as our previous example demonstrated.
Important Cash Out Terms
The feature has three significant limitations you should be aware of.
Free Bets
When it comes to Free bets, most bookmakers have a specific rule in place: you’re not allowed to Cash Out bets made with Free bets. You’ll have to wait for the event to conclude and the bet to be settled normally.
Market Suspension
During a live match, a bookmaker may suspend betting when significant events occur on the field. For instance, immediately after a penalty is awarded to Crystal Palace, the odds would be frozen. At this moment, Manchester United’s chances of equalising are very high, and almost all odds need to be recalculated. During this period, the feature will be temporarily unavailable, as the potential value of a bet is calculated based on live odds.
Offers and Promos
Cashed-out bets do not count toward wagering requirements for most promotions. This means that if you’re trying to meet the wagering of a bonus or promotion, better forget about this feature.
Best Football Cash Out Sites in Ireland
Football is a game where Cash Out is a must. For example, your team is leading but physically tired by the 60th minute. In addition, the referee removes the leading player. In such cases, there is no point in waiting until the end of the match and getting nervous in extra time. Here, are the best football betting sites and football betting apps with Cash Out that also offer a sign-up bonus.
Best Football Betting Sites | Football Cash Out Betting Site Offer |
---|---|
Bet365 | Bet €10, Get €30 |
William Hill | Bet €10, Get €40 |
Ladbrokes | Bet €5, Get €20 |
10Bet | 50% up to €50 |
Betfair | Bet €5, Get €20 |
How to Use Cash Out
The early payment feature is usually available as soon as you place a wager. Here is a step-by-step guide on how to use it.
- Log into your account and place a wager.
- When the event begins, follow the action and check the odds.
- Once you decide to withdraw go to Betslip and select the Open Bets tab.
- Choose a sporting event and click “Cash Out”.
- Submit your request for “Full” or “Partial” Cash Out.
- Upon confirmation, the funds will be credited to your account.
FAQ
Can I cash out any type of bet?
No, not every bet can be cashed out. Most bets made on a betting exchange (like Betfair or Smarkets) can be cashed out because users of the exchange make agreements with each other. For betting sites, where the bookmaker pays out the Cash Out value to the player, the bookie determines the price based on live odds. Thus, Cash Out is available for bets that the betting site offers for In-Play coverage, tracking odds in real time.
What does cash out suspended mean?
During a match, a bookmaker suspends betting when very important events are happening on the field. In our example, immediately after a penalty is awarded, the odds would be frozen. The chances of Manchester equalising at this point are very high, and therefore almost all odds need to be recalculated. At this moment, the feature will be unavailable for some time, as the value of the bet for Cash Out is calculated based on live odds.
Can you cash out a Free bet?
At most bookmakers, players are prohibited from cashing out bets made with Free bets. In this way, bookmakers can prevent players from abusing bonuses or engaging in matched betting.
Can you cash out an accumulator?
Many IE best Cash Out betting sites allow the feature for more than just single bets. The calculations are roughly the same, but there are limitations on some sites. For example, Ladbrokes only offers early payout on football accumulators.
Is there a fee or charge for using cash out?
Yes, there is, and it can be painful 20-30%. The bookmaker takes into account an additional commission when calculating the Cash Out value, which always makes it less profitable than waiting for the winning bet to be settled normally.