The opportunity to cash out on a bet before a sports event concludes, potentially earning winnings on a losing wager, has revolutionised the gambling industry.
High street giants Coral are major names in the gambling game, so it stands to reason that punters will be keen to understand if the Coral cash-out feature matches up to that of competitors.
Find out more about Coral Cash out Betting:
- 1 What is Coral Cash Out?
- 2 What is Coral Partial Cash Out?
- 3 What are the Benefits of Coral Cash Out?
- 4 Can I Cash Out My Bet at a High Street Coral Shop?
- 5 How Does Coral Determine Cash Out Value on a Qualifying Bet?
- 6 What Bet Types are Valid for Cash Out?
- 7 How to Claim Coral Cash Out
- 8 Summary of Coral Cash Out
- 9 Here are the pros and cons of the Coral Cash Out Value button they have.
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What is Coral Cash Out?
Betting on your favourite sports is supposed to be fun – that’s a key element of the national message to bet responsibly.
One way that betting sites are removing some of the tension from wagering on live events is the option to cash out. Using the Coral bet tracker, you can keep a close eye on sporting events in play.
While you’re doing so, keep an eye on any full or partial cash-out value. These bet types allow you to end a wager early while you stand to enjoy success, giving UK customers a double chance to take winnings on a single bet.
At the time of writing, only football and horse racing qualify for a cash-out bonus. Here are some examples of how you can enjoy Coral sports betting markets with the aid of full or partial cash out bet settlement.
When it comes to football, multiple opportunities will arise to take advantage of the cash-out feature in play. Perhaps the best example is when you’ve placed all of your betting eggs in a correct score basket. Here’s an example of such match betting.
Your bet slip says that you have wagered £10 on a correct score of Arsenal 2 – 0 West Ham United at full-time. In the 89th minute, the referee awards West Ham a penalty. If they score from this spot-kick, your bet is ruined – Arsenal winning the match is not enough, they do need to do so 2-0.
By taking advantage of the cash-out feature in play, you can end your bet early at reduced odds. If you were offered odds of 7-1 before the game, for example, you may be able to hit the Coral cash out button at odds of 3-1. This essentially ends the game before the penalty is taken in the eyes of the bookie, meaning that Arsenal have won 2-0 and your bet has come in.
Yes, this means your winnings drop from a potential £70 to a guaranteed £30 – but you’re equally likely to end up with nothing if you don’t cash out. This is the nature of gambling – you need to play the overall odds and decide what is best for you.
If you’re confident that Arsenal’s goalkeeper will save the penalty and the game will peter out without further incident, stick with your original wager. If you have any doubts at all, it may be better to claim what winnings you can and place another bet once you have successfully cashed out.
Football match betting is not the only way that you can enjoy full or partial cash out with Coral. Coral Horse racing can also lead to rewards before the final post is crossed, though given the rapid and blood-and-thunder nature of this sport, you’ll need lightning-fast reflexes and an ability to follow events on the Coral bet tracker.
Racing is a great way to experiment with a sportsbook bonus or to cash out your first qualifying bet. Rather than waiting for a race to finish, you can cash out while your nag has a head advantage and looks likely to win.
You can check out the horse racing results.
As we all know, racing can change in seconds and what looked like a surefire winner can quickly fall behind the chasing pack. Cashed out bets will still earn you something in such an instance.
What is Coral Partial Cash Out?
Partial cash out is essentially a double chance to win on a wager. Whether it’s football match betting or other sports markets, you’ll be able to enjoy partial cash out on your system bets.
Only deposits made under the usual rules are valid here, so the usual payment restrictions apply. The minimum odds will not change if you’re opting for partial or full cash out. It can be a great way to practice on your first bet, though.
Partial cash out means that you can split your cashed out bets between the main odds and reduced, in-play odds related to cashing out.
Let’s return to our example above – Arsenal leading West Ham 2-0 with a minute to go and the success of a bet balanced on the success or failure of one penalty kick. If you opt for partial cash out, you can split your £10 wager in half.
£5 of this bet remains on the game finishing 2-0 at odds of 7-1, until the referee blows his final whistle. The other £5 is cashed out in that moment at odds of 3-1.
So, this leaves you with two possible outcomes from the game.
- West Ham scores the penalty, Arsenal wins the game 2-1 (or they go on to win 3-1, or West Ham equalises and make it 2-2 – the outcome is the same as you did not successfully predict a correct score). Your master bet will not win, but the cash out will. You’ll win £17.50 (£5 at 3-1) plus your £5 partial stake will be returned
- West Ham misses the penalty. Arsenal put all their players in defence and the game finishes 2-0. You’ll win £35 (£5 at 7-1), £17.50 (£5 at 3-1), and both your £5 stakes will be returned
Does Coral Do Partial Cash Out?
Yes, Coral offers partial cashout as well as full cash out. The same time limits and payment method exclusions apply to full and partial cashouts, so pay close attention to your bet receipt and ensure that your payment method will not exclude you from enjoying success in your sports betting.
What are the Benefits of Coral Cash Out?
Whether you’re making your first bet ever or you are a seasoned punter you’ll be keen to extract maximum value from your wager. Cashing out will help you do this, ensuring that your bet credits are not wasted.
If a positive result is on a knife’s edge, do not take any chances – cash out and enjoy some winnings, even if they’re not as high as you may have hoped for.
Can I Cash Out My Bet at a High Street Coral Shop?
Possibly, yes. If you prefer to place bets on the high street, take a look at your bet slip. If it falls under the bet types excluded, you won’t have the equivalent of a cash-out button. As always, the bet agreement is between yourself and your bookie.
Some wagers placed in a brick and mortar branch of Coral can be fully or partially cashed out early, though. You can also use your Coral Connect card in person, though you can also attach it to a qualifying bet online or using the Coral Connect app.
How Does Coral Determine Cash Out Value on a Qualifying Bet?
The live odds of a sporting event constantly fluctuate in play, so learning when you cash out is a skill that only comes with time. Keep a close eye on the varying odds and hover your finger over the Cash Out My Bet button.
The odds will never be quite as favourable as placing a new wager, whether that’s placed through a UK debit card deposit or free bet credits, but a smart punter can still play the system well.
What Bet Types are Valid for Cash Out?
Check any regulations on your sports betting if you want to use the cash out button. All betting apps have their own rules, as as whether only debit card deposits will count or whether you can cash out on an eWallet bet, or whether free bet offers will qualify.
Equally, if you do not fall foul to payment restrictions or a maximum free bet, find out if your free bet offers will result in cash winnings or free bets credited to your account.
How to Claim Coral Cash Out
If you’re keen to take advantage of a Coral cash-out offer, sign in to your online account. This can be on the Coral mobile app or the website, it doesn’t matter which – though obviously the app will be faster.
Once you’re inside your Coral account, look out for the My Bets page. Here, you’ll find a list of all your existing wagers, including their current bet status. If it’s an option to cash out – and remember, cashouts are only available on certain, qualifying bets – you’ll see an orange button labelled Cash Out My Bet.
From here, instructions should be pretty simple to complete a successful cash-out. Push the button, and assuming your wager was placed with an appropriate qualifying deposit, you can enjoy your winnings.
Summary of Coral Cash Out
Coral makes cashing out easy for anybody, with clear and easily accessible cash out button. Restricting the service to just football and horse racing is a little unfortunate, as some would enjoy the service on fight betting and even snooker betting markets. Overall, though, there’s plenty to love about the service.
- More control of your sports bets
- No cash-out options free bet offers