As far as betting tools go, the Coral Cash Out (or Cash Out My Bet) is one of the most undervalued betting features available.

In our guide, we are going to explain all that you will need to know about Cash Out My Bet option and also cover the Partial Cash Out feature available from the bookie.

Cash out allows you to get money back on your bet before the event you are betting on is over. The amount of money you get back is determined at the time of cashing out and will depend upon the. The top cash out betting sites on the web work with at least a couple of them, so you should be able to comfortably find a suitable banking option for your needs. The deposits are instant with most of them. The withdrawals usually take up to 2-3 days for e-wallets and crypto, or 3-10 working days for the rest of the banking methods above.

I will provide an easy to follow step-by-step guide on how you can take advantage of this tool, alongside some of the key terms & conditions that are worth noting.

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18+ Eligible UK+IRE players. Paypal & some deposit & bet types excl. Min first £5 bet within 14 days of account reg at min odds 1/2 = 4x £5 free bets. Free bets valid for 7 days, stake not returned. No cashout, restrictions + T&Cs apply

What Is Coral Cash Out?

Coral Cash Out My Bet is a live in-play feature that lets you settle your wager before the event has concluded for a percentage of your potential winnings. For example, if you had a £10 bet on Manchester United to beat Arsenal for a return of £15 and Manchester United are 2-1 up in the 85th minute. Corals Cash Out My Bet would let you settle your bet in the 85th minute for a reduced return of £13, meaning that if Arsenal score in the remaining 5 minutes, your profits are safe.

Cash-out was first introduced in 2011 by Betfair Exchange; it took two years after the launch to move it over to a sports betting platform, with Ladbrokes debuting cashout on its football markets in 2013. Since then it has become a staple of any competitive UK Bookmaker. This feature is available on the regular website and by using the Coral mobile and Android app.

Back in 2015, Coral introduced their version of a full cash-out feature, calling it ‘Cash Out My Bet‘, alongside a partial cash-out feature, no surprise that it was named ‘Partial Cash OutMy Bet‘. These two cash-out options allowed customers to have more control over their bet than ever. You can read more about this essential feature in our guide on the best betting apps with Cash out.

How To Cash Out On Coral?

Coral makes it very easy for punters to cash out their bets using either the Coral website or mobile app. This process is very similar to other bookmakers such as the Unibet Cash Out feature.

For players using the desktop website

1. Ensure you are logged into your Coral account by entering your Coral login details at https://sports.coral.co.uk/
2. On the right-hand side of the screen, you will see a menu that has two options ‘BETSLIP‘ & ‘MY BETS‘; click ‘MY BETS‘, and you will see every wager that is currently open.
3. If your bet is eligible for ‘Cash Out My Bet‘, you will see an orange cash out button underneath the bet showing the cash out value.
4. By clicking this button & confirming you wish to cash-out, the value will be added instantly to your account, and the bet will be settled.

For players using the Coral mobile website & app

1. Ensure you are logged into your Coral account.
2. At the top of the screen, you should see an orange button with ‘MY BETS‘, click on this button to be taken to all your open & settled bets.
3. If your open bet is eligible for ‘Cash Out My Bet‘, similar to the desktop website, you will see the orange cash out button displaying the cash-out value of the bet.
4. By clicking and confirming the cash-out, the value will be added to your account instantly.

You can also view this useful video demonstrating how to cash out on a mobile.

What is Partial Cash Out?

The partial cash-out feature lets you cash out a portion of your bet, but also lets you leave some in to run the full course of the event or game. This feature is not available with all bookies, but the good folks at Coral do allow this. As you can see from the image above, when you select to cash out, there are two options presented. Cash-out all the full bet, or do partial cash-out option.

This for us is a fantastic idea and has saved our bet on a lot of occasions.

Coral Retail Cash-Out Bet Tracker

Have you ever wanted to cash-out on a bet you made in-store?

If you answered yes, Coral has answered your prayers. Every time you make a bet at one of the 1,800+ Coral stores, your ticket will contain a ‘Cash Out Code‘ at the top. Entering this code into the Coral Betting Tracker will add this bet to your account digitally, allowing you to cash-out on this bet from your mobile.

Coral Connect Card & Mobile App

Coral Connect is the free loyalty scheme offered by Coral that gives players a plethora of benefits over regular players. You can apply for a Coral Connect Card online where it will take 2-5 business days to be delivered; you can also head down to a Coral shop and receive the card instantly.

You will then need to download the Coral Connect App, available on both Android & iOS. This app will allow you to track bets made in-store, other features include:

• Deposit into your account using cash at any of the 1,800+ Coral stores nationally
• Play and bet online without the need of adding a debit card to your account
• Collect your winning in-store in cash
• Live stream your favourite sports such as football, horse racing & tennis
• Exclusive offers to Coral Connect members every week

Although the benefits are becoming more outdated as in-store betting is slowly becoming obsolete, Coral Connect is free to join and does provide a lot of benefits to the player.

FAQs

When Should I Cash Out My Bet?

There isn’t a definitive answer to when you should cash out a bet. However, what I believe is that you should cash-out if you are happy with the profit you have made. Waiting for a bigger payout usually leads to you chasing your losses, which only leads to more money lost.

I also say cash-out early if it looks probable that you are going to lose eventually. For example, if 18th place Watford score first against 1st place Manchester City and you have bet on Watford, I’d recommend cashing out as it is likely that Manchester City will score and ruin your bet.

What Does Cash Out Suspended Mean At Coral?

Cash Out Suspended can mean a few things at Coral.

The most likely being that one of the events you are betting on is temporarily suspended, this can be due to a goal or dangerous attack by one team or a crucial decision being made, such as a penalty kick. The cash-out button will reappear once the attack or decision has been made. It is essentially giving Coral time to update their odds to ensure they are as up to date as they can be. The message ‘Coral Cash Out Unavailable‘ will only last a matter of minutes at worse at any one time, so don’t worry if you experience this.

The other option is that your bet simply isn’t eligible for cashout. An icon indicates markets that are eligible for ‘Cash Out My Bet’ before you place your bets, so make sure that you are aware that your bet may or may not be available for cashout before confirming the bet.

If you use a free sports bet offer to place a bet, the chances are that you won’t be able to cash out on that bet. Although this isn’t true for every free bet, the majority won’t allow you to cash-out. To avoid this, read the terms & conditions of any free bet you receive before placing it.

As well as using Cash Out from Coral, there are several other bookies we recommend who also have a great partial and full cashing out options. These are:

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Cash Out Betting Apps

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The option to Cash Out a bet has become an increasingly popular offering from online bookmakers. What is Cash Out? Is the Cash Out option ever profitable? How is Cash Out calculated? Read on to find out?

What is Cash Out?

Cash Out is a facility provided by some bookmakers which allows a bettor to immediately take a guaranteed amount of money in exchange for closing their bet before it is settled.

It is a popular option among recreational bettors as it eliminates the chance a bet will return nothing, however it is usually not the optimal option.

How is Cash Out calculated?

Cash Out is calculated by using the potential winnings from a bet alongside the current odds you would receive if that bet was placed now.

For example if you have a €10 bet on Barcelona to win a match at odds of 4.0 and they are leading at halftime the new odds on them to win the game may be 2.0.

Ignoring the fact the bookmaker’s margin has been added to the odds already, a “fair” Cash Out value can be calculated by dividing the potential winnings of the bet by the current odds available:

“Fair” Cash Out value=potential winnings/current odds

For the Barcelona example “fair” Cash Out value would be:

€40/2.0=€20

Of course this is not usually the offer made by the bookmaker. In addition to initially adding their margin to the current odds a bookmaker will often add an additional margin to the offer.

For example, in the Barcelona match discussed above the “fair” Cash Out value (including the bookmaker’s original margin) at halftime is €20. However, the bookmaker is likely to take an additional percentage from this offer.

The Cash Out value will likely be €19 or less. In the long run this will have a negative impact on a bettor’s profitability.

Cash Out bet example

Cash Out Betting Meaning

This is a real example of a Cash Out offer available at one of the leading bookmakers.

The initial bet is a €100 stake on Liverpool to win the Premier League at 6.00 odds. This bet returns €600 if Liverpool win the Premier League title.

Midway through the season a Cash Out offer is available at €150 for this bet. The current odds on Liverpool to win the league with the same bookmaker are 3.25.

“Fair” value for this Cash Out is:

€600 (potential winnings) /3.25 (current odds) = €184.61

By taking the €50 profit from the available Cash Out offer the bettor is missing out on an additional €34.61 of profit.

Alternatives to Cash Out: Hedging

In the long run it is usually better to allow bets to run their course and avoid paying additional margins, fees or commissions.

However, in one-off scenarios it may make sense to secure profits or prevent losses early. Even in these cases it is usually better to find an alternative to cashing out with the same bookmaker.

In the example above the bettor has bet on Liverpool to win the league at 6.00 and the odds have fallen as the Merseyside club are now more likely to lift the trophy. One way to secure a profit instead of taking the Cash Out offer is to place a bet on the other side of the market otherwise known as “hedging”.

Cash Out Betting Sites

At the time of writing 'Liverpool to win the league no' can be backed on Pinnacle at 1.370.
By using Pinnacle’s arbitrage calculator to find the amount that should be hedged to guarantee a profit we can see that a bet of €437.96 on Liverpool not to win the Premier League would secure a guaranteed profit of €62.04, €12.04 higher than the Cash Out offer.

When is Cash Out useful?

Despite its flaws Cash Out is not useless in every situation. In what situations can Cash Out be a useful option for bettors?

Mitigating opportunity cost

The opportunity cost of having money tied up in long running bets and hedges can be high. In the hedging example above €537.96 would be locked up in open bets until May which has the potential to be problematic. This is of course less of an issue for shorter term bets.

Irrationality and rare scenarios

Consistently profiting from betting is a long run game involving finding a way to beat the odds and then placing enough bets to ensure that edge is fully realised (which can take longer than most bettors are aware).

However, there are situations where rational thinking becomes less of a factor, such as when a bettor is dealing with larger than usual sums of money.

• Read: How often do bettors get paid?

For example if a bettor has placed €100 on a bet at odds of 5000.00 and the current odds have fallen to 2.00 the 'fair' Cash Out value of that bet is €250000. The Cash Out offer may only be €200000. This means the bettor would win more long term by seeing his bet through to settlement.

However, such a bet would only reach this stage one in 2500 times. The bettor may never be in this situation again, let alone find himself in the same position enough times for randomness to even out.

The Cash Out offer is higher than market price

Very rarely the Cash Out value of a bet is higher than the odds offered by other bookmakers. This suggests the Cash Out offer may be above fair value and it is optimal to take the Cash Out amount offered. The Cash Out amount could then be re-bet at the other bookmaker for a higher return.

Why winners cannot Cash Out long-term

Frequently utilising Cash Out for profit or consistently finding positive expected value bets will cause bettors to be banned or limited from many bookmakers.
Pinnacle offer a unique Winners Welcome policy which allows bettors to win long term.