How to Navigate the Cash Out Feature in soccer betting

The cashout feature is the most powerful tool for in-play and pre-match betting that a punter can use to secure a potential profit. Although this relatively new option offered by the bookies can be a great way to navigate through live soccer betting, there are many factors you need to master before cashing out a wager.

What is cashout in soccer betting?

Cashout is the option to close a bet while the game is still being played, or a prematch bet slip is still open. This new feature had been developed as pre-match option but progressed to in-play betting. It was refined over time with new perks added by the bookmakers to attract more customers.

While initially the cashout option was attributed to the most popular bets like the HT-FT result and over/under 2.5 goals, today you can cash out a bet on goalscorers, bookings, corners, and many more.

Furthermore, online betting offers high convenience to place a bet anytime, anywhere by pressing a single button on your mobile phone. Some of the most frequent types of bets you can cashout are:

• single bets
• accumulator bets
• live bets

Although each type of bet has different particularities, the cashout option is the same leaving you to decide if you secure your winning early or go all the way.

How to get the best out of the cashout feature?

Getting the best out of the cashout feature is more difficult than you think. The two main factors you need to handle for mastering the cashout feature are:

• time
• emotions

I’ll go into more detail and demonstrate to you, based on my betting experience, what I think you should do to maximise the cashout option by practising excellent time management and emotional restraint.

Time is the most useful tool in live betting to get enhanced prices for the same event. I’m trying to say that there will be a big difference between the pre-match and live betting odds for an identical outcome. For instance, if you wagered on Chelsea to lead Bournemouth at halftime in the pregame, you would receive a lower price than if you wagered on the same result in the thirtieth minute of play, when the score is 0-0.

When Chelsea takes the lead in minute 35, the bookmaker will immediately offer you the chance to use the cashout function to settle your wager and secure your profits. The offer will progressively rise in value as the half-time siren approaches. It’s time to call the bet if you want to be safe.

But as soon as Chelsea scores, a barrage of feelings will hit your head, and many scenarios will start to play out quickly. The best course of action is to maintain your composure and follow the initial strategy that helped you predict Chelsea to lead at halftime. Pay attention to your logical mind instead of letting your emotions guide you.

 Example of when to cashout a bet

Considering the cashout option, I picked Premier League matches to put a treble. I used two betting markets to support my chosen teams: the goals scored and the full-time standings. Before inviting Luton to the Etihad, Manchester City was in fifth gear, and the bookies had Brighton and Brentford winning against Burnley and Sheffield United.

The fact that every game was played simultaneously is a crucial factor to consider when placing ACCAs if you want to take advantage of the cashout option. Although my odds on the bet slip were 2.46, I chose to cash out at 2.01 to earn a profit of 107.34.

I ended the wager after Brentford had a 1-0 lead and the other two outcomes had already been decided, even though all of my predictions proved correct. I decided to exercise the cashout option to reduce the danger and close the bet since the return would double the stake  This way, I could avoid the needless risk of losing the wager for a few extra quid. In terms of risk-reward, it was not worthwhile.

Top tips for optimizing the cashout feature

Throughout your betting journey, you will encounter many situations when you mismanage the cashout feature leaving you frustrated. It happened to me in the past when I used the cashout option too early because of emotions like the fear of losing, and other times I was overconfident and failed to cash out in time leaving me with empty pockets.

Follow the tips below for an optimal cashout that can protect your bankroll in the long term:

• Cashout ACCAs when you have a decent profit and don’t wait for the bookmaker to up his offer
• Don’t cashout single bets in which the game is still being played when you backed the stronger team: top teams are notoriously known to come back and win the game by scoring a couple of goals before the final whistle
•  Don’t let in-play emotions overrule your pre-match analysis and stick to the original plan
• Use the time to your advantage and place in-play bets for better odds and a possible higher cashout return
• Follow the odds movement and bet to cover all the outcomes using the cashout option when you make a general profit. This is like arbitrage betting using live games and the cashout feature

Start slowly when engaging the cashout feature and appeal to a long-term betting strategy for increased success. Track all bets using an Excel sheet and gamble responsibly using only the money you can afford to lose.