NOTHING is more agonising for a punter than a last-minute goal busting the coupon. Just when you’re making plans on how to spend your bounty from the bookies, up pops a goalflash on the vidiprinter to send you to the depths of despair.
In days gone by, there was nothing you could do to save yourself from the agony of that late kick in the teeth. But that all changed with the introduction of cash-outs as sports betting evolved with the advent of online gambling. Everything can now be done with just one click on your laptop, tablet or mobile so make sure you pick one of best apps for cashing out.
What is a cash-out?
A cash-out lets you collect money from your bet before the match or event is finished. The amount you can collect is calculated using live market prices. It will vary depending on how much time is left in the contest.
For example, if you have bet £1 on Scotland winning at odds of 10/1, the cash-out will be close to £9 if the bet is winning with one minute to go but much less if the Scots are leading at half-time. Also, if Scotland are winning by two goals the cash-out figure will be much higher than if they held just a one-goal lead.
Why Should I Cash Out?
It’s always worth considering a cash-out as sporting contests often change dramatically near the end. Who can forget Jean Van de Velde’s meltdown on the 18th at Carnoustie in The Open or Manchester United’s two late goals to stun Bayern Munich in the 1999 Champions League Final?
Statistics have shown that goals are more likely to be scored 90th minute or later, mainly due to the amount of injury time added on.
How To Cash In by Cashing Out
The key to a successful cash-out is keeping a close eye on the match or event you have bet on. Try to either watch it live on TV or listen to commentary on the radio. If the team you have backed is coming under heavy pressure or the tennis player you’ve lumped on is throwing in some double faults it could be time to bail out.
If you have bet on a double, treble or accumulator it’s also important to assess whether your luck will run out. For example, if the first four horses on your acca have come up it might be a wise choice to take the cash-out money rather than risk it all on that last race.
When Should I Cash Out?
It’s all about using your judgment but some sites have apps that use sliders to let you know how much the cash-out will be at various stages of the contest. Some firms also have a “Take Stake” option which allows you to cash out the exact value of your initial stake, so you can keep the bet alive without the risk of losing anything, although the pay-out will be smaller if you win.
Some adverts for cash-outs tempt you by showing a punter’s finger hovering over the button as a cross is sent into the box. But be wary of waiting too late to make your move as the cash-out takes a few moments to be processed. If a goal or major event happens at the same time then the cash-out could be cancelled.
If you’re keeping an eye on the cash-out figure you may also see the offer being suspended at various points. This could be down to a goal being scored, a penalty being awarded or a player being sent off.