A number of bookmakers have further improved the ‘cash out‘ feature to allow punters even more control of their bets. The new Auto Cash Out feature allows punters to set parameters so the bet will automatically be cashed out. bet365 were the first online sportsbook to introduce this, but other bookies such as Betfair also have it.
Essentially all you have to do is set parameters so that your bet cashes out automatically when the preset criteria are met. This an exciting new feature that will allow their users to essentially secure a profit automatically while an event is ongoing, which will provide some great money making opportunities.
Online Bookmakers with Auto Cash Out
As far as we know bet365 and the Betfair exchange are the only betting sites with auto cash out. If you don;t already have an account with these bookmakers you can take a look at their open account offers.
|New Customers only. Up to £100 in Bet Credits. Sign up, deposit £5 or more to your account and bet365 will match your qualifying deposit in Bet Credits when you place qualifying bets to the same value and they are settled. Min odds/bet and payment method exclusions apply. Returns exclude Bet Credits stake. T&Cs, time limits & exclusions apply. 18+; T&C's Apply - See More Details......
|£100 Bet Bundle|
New customers offer. Place 5 x €10 or more bets to receive €20 in free bets. Repeat up to 5 times to receive maximum €100 bonus. Min odds 1/2 (1.5). Exchange bets excluded. 18+|Gamble Aware. T&Cs apply. 18+
How Does Auto cash Out Work?
The normal cash out feature is a great function itself. It is extremely popular with many punters. It allows people to either take an early profit if it looks like the selection is going to win, or minimise losses if it looks like the selection is going to lose.
This latest cash out functionality gives you complete control over your bet, even when you are not near a mobile device or computer. This means you can lock in a profit without lifting a finger.
All you have to do is place your bet, look for the cash out option and set the parameters for your bet to be automatically cashed out. The bookie will then cash out automatically the bet for you and credit your account with the profit.
It is also possible to auto cash out on just part of your bet! This is incredible stuff. Until now the cash out feature required you to sit in front of the game with your fingers ready to press the cash out button should the need arise. But that is no longer the case as 1 bookmaker and 1 betting exchange to date have introduced the automatic cash out function.
The automatic cash out feature allows you to place a bet, set a few parameters, walk away safe in the knowledge that it will be cashed out and you’ll take a profit.
This is really exciting for punters, it adds flexibility and has changed the cash out game for good.
The Cash Out feature frequently divides opinion, some love it and some do not see the need for it. But if you, like many find it a welcome option that gives you the safety net of escaping your bet and locking in profit the new Auto Cash Out option available at some bookmakers will be a welcome edition. Now you can automatically guarantee a return whilst you do other things.