Closing bets with Cash Out
Maybe you want to cancel your bet or to withdraw part of it before the event is over? Bet365 offers you this option.
With the new Cash Out feature, I have full control over my losses, and I can withdraw almost all my stake. Or I can set one part of the amount to remain as an open bet that will last until the end of the meeting.
If I feel like the situation is getting complicated, for instance, I have bet on a losing horse, dog, team or player, I am just one button away from the cash out feature.
However, closing a bet is possible only for matches that are selected by the bookmaker, as well as for some combinations of them in different sports categories – especially in football, basketball, tennis, horse racing and cricket.
Where is the Cash Out option at Bet365’s website?
To see this option, I need to log into my account. Next, to my profile, there is a Cash Out (“Close bet” button), where according to my preference I can adjust the amount of the sum I would like to close. Confirmations about the amounts are done right there.
Moreover, in my profile, I can see the matches on which I have bet and their results.
With this addition to its software, Bet365 proved once again that it strives to continually improve its platform, instead of just to increase its profit margins.
Here are the instructions how I am using Cash Out at Bet365:
- Make my selections;
- Place a bet of my desired amount and wait until the system confirms my bet;
- From the electronic slip select “My Bets”;
- I see what the offered amount is if I close my bet. If it satisfies me, then I press “Cash Out”
- I Wait until the system confirms that the cash out was successful
In which cases should you use the Cash-Out option?
I have a bad experience with matches. Once, I placed a multi bet for 12 games, 11 of which I won, but the last match went wrong, as the team that was supposed to win, allowed a tying goal in the final minutes.
With the Cash Out function, I can avoid such situations. I’d better take a lower amount before the last match and take the remaining amount offered for the whole slip.
I know that in soccer it often happens that one of the teams ties or changes the result of the match. I have seen dramatic football moments in the Champions League, UEFA and other tournaments.
So when all other matches are successfully predicted, and there is a risk for the last one, do not take this risk, but secure your winnings.
Similar options like Cash-outs have entered the market and Bet365 is not the only one offering such a feature. In the sportsbook of Betfair you can also use the Cash Out option, with which you can take advantage of special promotions offered in the site.