Sky Bet Cash Out allows you to take control of your bets by offering the option to cash out before the conclusion of a match. You’ll learn how it works, whether this function can be used for pre-match and in-play bets, and what sports and bet types qualify. We’ll also cover the restrictions to keep in mind and provide a step-by-step guide on how to Cash Out at Sky bet.
Types of Cash Out | Full Cash Out only |
Bet Modes | Pre-match, In-Play |
Sports | 19 sports, including football, horse racing, tennis, rugby, boxing |
Markets | Depends on the sport |
Cash Out availability indication | Two green circular arrows |
Sky Bet Cash Out: How It Works
Sky Bet Cash Out feature provides you with the opportunity to settle your open bets before the event has concluded. It allows you to receive a value determined at the time of “cashing out.” The settlement value offered is not fixed and will vary based on the current probability of your bet winning. It may be higher or lower than your initial stake.
This feature grants you the flexibility to either secure a guaranteed return by cashing in on a favourable position or minimise potential losses by closing out your position for a smaller return. This is particularly useful when you believe that allowing the original bet to run its course could result in losing your entire stake.
Example. Imagine you placed a £100 bet on a Championship football match between Huddersfield Town and Bristol City. The odds for Huddersfield Town to win were 2/1 (3.00 decimal), and you were confident in their abilities. The match kicks off, and Huddersfield Town starts strong, leading with a score of 2-0 in the first half.
During halftime, you check the Cash Out option provided by the bookmaker, and they offer you £150 to cash out your bet. If you choose to cash out, you will secure a return of £150, regardless of the final outcome of the match. While a Huddersfield win would earn you £300 (£100 * 3.00). By cashing out, you guarantee yourself a profit of £50 (£150 – £100) without having to worry about the final result.
In this scenario, the Cash Out feature allows you to capitalise on Huddersfield Town’s strong performance and secure a profit before the match concludes. By taking advantage of the opportunity, you lock in your winnings and eliminate the uncertainty of the second half, where Bristol City could potentially reduce the goal deficit or even turn the match around.
How to Cash Out at Sky Bet: Step-by-Step Guide
- Enter your login and password to access your account.
- Navigate to the ‘My Bets’ section and choose the ‘Cash Out Bets’ tab.
- Click on the amount offered by the bookmaker to cash out and confirm your agreement to settle the bet early.
How Cash Out Value Changes Over Time
The Cash Out value offered by bookmakers is not fixed and can fluctuate over time. The dynamic nature of the Cash Out amount is influenced by the likelihood of your bet winning. Understanding how and why the Cash Out value changes is essential for making quality decisions.
Example. Let’s consider a scenario where you placed a bet on a Premier League match between Manchester United and Chelsea. You wagered £50 on Manchester United to win with initial odds of 2.50. In the first half, Manchester United takes an early lead with a score of 1-0, and their performance seems dominant.
At this point, you decide to check the Cash Out value offered by the bookmaker. They present you with an enticing offer of £80 to cash out your bet. However, you decide to let the bet run, anticipating that Manchester United will maintain their lead and increase their chances of winning.
As the match progresses, Chelsea equalizes in the second half, making the score 1-1. The momentum shifts, and Manchester United’s dominance starts to wane. Realising that the situation is becoming uncertain and your bet is at risk, you check the Cash Out option again.
Now, the bookmaker is offering you £40 to cash out your bet. The decrease in the Cash Out value reflects the increased likelihood of your bet not winning due to the equalising goal and Manchester United’s diminishing performance. The choice is yours: hope United picks up or accept the $10 loss by Cash Out.
Types of Sky Bet Cash Out
Sky Bet offers only full Cash Out. When you use this option, you will receive the entire amount offered by the bookmaker, and your bet will be automatically closed. After that, the outcome will have no significance, at least for your wallet.
How Do I Know if Cash Out is Available?
Markets available for Cash Out in the match centre are indicated by two green circular arrows. The player will not be able to utilize this feature if this indicator is not present.
Cash Out is not available for ‘Perm/Permutation’ and ‘Each Way’ bets, Ante Post and SP bets, or bets that triggered another Free bet or involve Free bets.
Sports & Bet Types for Cash Out at Sky Bet
Sky Bet Cash Out is offered for single and accumulator bets in both Pre-match and In-Play mode across 19 sports.
Sports for Cash Out at Sky Bet | |
American Football | Golf |
Football | Esports |
Basketball | Cricket |
Darts | Rugby Union |
Horse Racing | Rugby League |
Tennis | Ice Hockey |
Table Tennis | Baseball |
Volleyball | Handball |
Snooker | Boxing |
Olympics |
The specific markets eligible for Cash Out vary depending on the sport, but generally include match winner, total goals, and handicaps. For instance, in football, you can utilise Cash Out for these markets:
- Full Time Result
- Double Chance
- Under/Over
- Handicap
- Both Teams To Score
- Clean Sheet
- Half-Time/Full-Time
- Correct Score
- Team/Player Statistics
- Outright
Tips for Using Sky Bet Cash Out
Recommendations to help you understand how to use Cash Out effectively:
- Monitor the match progression. Keep a close eye on the live updates of the match or event you’ve bet on. Evaluate how the game is unfolding, the performance of the teams or participants, and any significant events that may impact the outcome. This information will help you make informed decisions about when to consider Cash Out.
- Stick to your betting strategy. If you have specific criteria or guidelines for using the feature, such as only Cash Out if the offer exceeds a certain threshold or if the circumstances drastically change, ensure you follow your plan consistently. This helps maintain discipline and avoids impulsive decisions based on short-term fluctuations.
- Consider bonus restrictions.Cash Out is not available for Free bets, bets placed using non-withdrawable funds, or bets that would qualify you for a Free bet, bonus, or promotion. Make sure to check the terms and conditions before using Cash Out.
Sky Bet Cash Out FAQ
What types of Cash Out does Sky Bet offer?
At Sky Bet, you can only avail the full Cash Out. By utilizing this option, you will receive the complete amount offered by the bookmaker, and your bet will be immediately settled. Subsequently, the final outcome becomes irrelevant, at least in terms of its impact on your wallet.
What types of bets and sports outcomes can I Cash Out at Sky Bet?
Sky Bet offers Cash Out for single and accumulator bets in both Pre-match and In-Play mode across 19 different sports, including football, horse racing, tennis, rugby, boxing. The markets available for Cash Out may differ depending on the sport, but typically include options such as match winner, total goals, and handicaps.
Why is Cash Out Option Missing or Suspended?
Cash Out will not be available if you select an ineligible market or use a Free bet. Additionally, the feature may be temporarily suspended when there is an event in the match that affects the outcome (such as a penalty in football or a player injury in tennis).