Now that many online bookmakers offer cash out to their customers, punters have more choice. They also have an extra predicament. Should you cash out your bets or let them run their full course?
Much depends on your mindset. If you’re a nervous gambler you may prefer to back out of the bet early once you’re in profit. If you’re a high roller, you may scoff at the reduced returns that cash out can provide.
But which approach yields the best results overall?
This depends where you bet. Your cash out value depends on the odds that the bookie is offering in-play. So the more generous your bookie is for in-play odds, the better value you can get when you cash out. One thing you can guarantee is that the bookie is making a margin on all their prices. So if you cash out, you’re essentially giving them extra profit – the overround when you first place your bet, and another one when you cash it in.
That means that to make this feature pay, you need some way of calculating value in the in-play odds. That obviously is not going to be easy. You will absolutely need to be watching the game in order to determine value, and have a good knowledge of how the prices reflect the current state of play.
Our advice then is that you should be wary of using cash out unless you are confident that you can read the in-play situation better than the odds compiler. This is not impossible – remember the odds compiler has many games to set prices for, you need to monitor only one. But unless you can beat them long term, your cash out simply hands the bookie an extra profit margin at your expense.