Cash Out Betting – Best Online Betting Sites with Cashout (2024) Last Updated: February 28, 2024 Punters have always used the cash-out feature to reduce the risk involved in online gambling. Slowly and steadily, many leading cricket betting sites have adopted this option in their live betting section to give you more control over your bets. Here, we will walk you through some of the best cash-out betting sites on the market, as well as their pros and cons, so that you can choose one that best suits your needs. MOST IMPORTANT INFORMATION Best cash out betting sites What is cashout in betting? How does cash-out betting work? Quick links What Is Cash-Out Betting? How Does Cash Out Work? How Bookmakers Calculate The Cash-out Amount? Best Cash-out Betting Sites: Reviewed Top 10 Cash-Out Betting Sites: Snapshot What is Full Cash Out? What is Partial Cash Out? What is Auto Cash Out? Cash-Out Betting Sites: Advantages Why Is Cash Out Not Available? CricketBettingAdvice Final Say What Is Cash-Out Betting? With the race for innovation in the Indian sports betting market at full throttle, it’s no surprise that there has been a huge influx of betting sites with cash-out options. Usually available for most of the popular sports markets like cricket, football, tennis, and the like, the cashout feature allows you to either freeze your current profits or limit your losses while the event that you put your money on is still underway. It can also be considered an extension to live betting, as you will constantly need to monitor the sporting event in real-time. If you notice your chances of achieving the desired outcome getting lower, you can minimise your losses by choosing to cash out. Getting overwhelmed with the cash-out madness? Don’t worry, we’ve got you covered. Here is a step-by-step guide to how cash-out betting works. How Does Cash Out Work? It’s about time that we address the burning question: How does cashout work? To that end, I will take you through a live bet that I placed on a T20I match between Sri Lanka and Afghanistan on 10CRIC. Step 1: Here, I bet on the market ‘1st Innings – Sri Lanka Top Batter’. After careful consideration of various factors like current form, past records, venue, and pitch report, I placed my bet on Sri Lankan Pathum Nissanka to be the top batsman for his side @ 4.10. Step 2: As the game progressed, during Sri Lanka’s innings, I noticed that Nissanka wasn't looking in great form and was struggling to settle in. I also observed that his odds were changing dynamically in response to what was happening in the match. I felt that this bet of mine could lose, so I went for the cashout option. Here, you will notice that the cash-out amount is less than the amount I staked. This is reflective of the bookmaker’s current evaluation of the said event as per the match's progress. The updated odds will also influence how much will actually be offered once I have pressed the cash-out button. Step 3: I clicked on ‘Confirm Cashout’, after which the cashed-out amount was automatically added to the existing balance in my 10CRIC betting account. (Source: 10CRIC) VISIT 10CRIC How Bookmakers Calculate The Cash-out Amount? Simply put, the cash-out amount is calculated by taking the potential returns from the initial bet on an event and comparing them with the present odds of the same. Therefore, Cashout Amount = Potential Returns / Current Odds. Let’s again go back to the above-mentioned example. The bookmaker has offered odds of 6.00 on Afghanistan to win the match. You bet ₹100 on the same, and your potential win is ₹600 (100 x 6.00). As the match progresses, Afghanistan posts a mammoth total of 209 in 20 overs, which boosts Afghanistan's win probability. Now, the bookmaker offers revised odds of 3.00 on Afghanistan to win. So, as per the formula for cashout value, we get ₹600/3.00 = ₹200. However, the bookmaker usually reduces the cash-out value by adding an additional margin, for example, around 25%. So, in this scenario, a realistic cash out value will be approximately ₹150.