Cashing out is a relatively new addition to the sports betting markets, but a raft of online bookmakers have come to realise that a cash-out facility is essential.
High street giants Ladbrokes are no exception – but how does Ladbrokes cash out compare to the rest of the market?
Find out more about Ladbrokes Cash Out:
18+ New UK+IRE Customers only. Certain deposit methods & bet types excl. Min first £/€5 bet within 14 days of account reg at min odds 1/2 to get 4x £/€5 free bets. Free bets available to use on selected sportsbook markets only. Free bets valid for 7 days, stake not returned. #AD Restrictions apply.Full T&C's Apply
What is Ladbrokes Cash Out?
Cashing out on a bet could also be described as “take the money and run.” The intention of the cash-out option is to give punters a chance to walk away from a punt with success, even if things are not going your way.
Let’s imagine that you’ve placed a bet on a Premier League football match for example. In a low-scoring game, the momentum of a game swings like a pendulum – you could go from a winning position to losing in a moment.
Ladbrokes cash-out offers a measure of protection in this instance. Picture the following scenario.
- You have logged into your online Ladbrokes account, either through the official Ladbrokes website or the app
- You browse the day’s football fixtures and look for something that catches your eye. Maybe it will be a between the team sitting at the top of the table and their opponents that are struggling right at the bottom
- The odds reflect the form of the two teams. The table-toppers (let’s imagine that we’re talking about Manchester City from now on) are evens to win, and the basement-dwellers (let’s say we’re talking about Burnley, for the sake of argument) are a long shot at 16-1
- You have a funny feeling that an upset is in the air, and you think Burnley are going to win. You place a £10 bet on Burnley, hoping to rake in £160 if the bet comes off
- Burnley shock the crowd and take a 1-0 lead, and they’re still winning 1-0 at the 75-minute mark. You’re nervously watching the in-play updates on the Ladbrokes app to remain up to date, waiting to see if they can hold on. Manchester City are peppering the Burnley goal with shots and have just made three substitutions, bringing another £100 million worth of attacking talent into the fray
- Now is the time to consider the cash-out option as part of your in-play betting. You may be offered adjusted odds of 5-1 if you bite the bullet and push the cash out button
Ladbrokes cash-out offers a measure of protection in this instance. You are guaranteed to win £50, plus a return of your £10 stake (assuming that you did not use a free bet for your wager). That’s the extent of your winnings, though – like all betting sites, Ladbrokes cash out ends the game on the spot as far as your wager is concerned.
Now, you could hold on hope for the best. If Burnley continues to repel Manchester City, you’ll stand to win your full £160 plus stake. All it takes is one defensive lapse, questionable penalty award, mistimed jump or moment of magic from the expensively assembled opposition to leave you picking up nothing, though. If you choose to cash out your bet, you’re hedging.
Other sports bets can be placed if you want to cash out with Ladbrokes, too – you will not be restricted to football alone. Unlike some betting apps, Ladbrokes offers in-play cash out on a wide array of events. Horse racing, Tennis, snooker, basketball, handball, volleyball, darts, cricket and boxing all provide access to the cash-out feature on a qualifying bet settlement. Virtual sports are currently not on the agenda but watch this space.
What is Ladbrokes Partial Cash Out?
If you decide to cash out with Ladbrokes, you’re making an all-or-nothing decision. Your betting slip will inform you of what Ts and Cs apply, such as any time limits on cashing out and what payment method exclusions apply, but once you pull the trigger you cannot go back.
If you regularly bet online, though, you’ll also be aware of the opportunity to enjoy a partial cash out on a qualifying bet. This means that you can leave some of your stake at full price, but also cash out a percentage of your bet.
With Ladbrokes, the partial cash out is arguably the most likely way to gain a satisfying bet settlement. If you want to partially cash out with Ladbrokes, you can do so in increments of 9%.
Let’s return to our Manchester City vs Burnley example from early. If you’re following the evens of the game in play, take a look at the ever-changing minimum odds of your qualifying bet. You may decide to split your £10 stake – cashing out 45%, leaving 55% on the original bet.
In this instance, you’ll immediately receive £22.50 (£4.50 stake – which will also be returned – at odds of 5-1). This amount is secure, no matter what happens for the rest of the match. If Manchester City fail to score, though, and Burnley do go on to win, you’ll claim another bonus amount of £88 – a £5.50 stake at the original odds of 16-1.
You might even be able to get the Best Odds Guaranteed!
Remember, too, it’s not only football that could see your qualifying deposit throw up a result. Qualifying bets on horse racing, boxing and other sporting events can also allow you to enjoy partial cash out, provided you use an appropriate payment method.
What are the Benefits of Ladbrokes Cash Out?
Take a look at your bet history and look over your previous punts, from your first qualifying bet to your most recent. Would any of these wagers have benefitted from being fully or partially cashed out? Think about whether a bonus amount could have been added to your bets.
If you’re able to play the system, bets placed using the cash-out feature can enjoy all manner of rewards. Stick with the recognised deposit methods, ensuring you know the difference between debit card deposits, eWallet payments or Apple Pay, and check which Ts and Cs apply on your betting slip. Follow live play events on the Ladbrokes bet tracker and keep on top of any free bet offers and you’ll soon be sitting pretty.
Live streaming is now available on Ladbrokes!
Choosing to cash out your bet is not a license to print free money – just like all sports betting, it comes with a sizable element of risk. You’ll still need to bet responsibly. Make good use of the cash out button after making a qualifying bet, though, and you can make the most of the betting markets.
It’s also a great way to make your first bet, ensuring that you can avoid the pain of an outright losing bet – though new customers can also claim £20 in free bets from Ladbrokes, and only certain deposit methods can be used in conjunction with the cash-out feature.
How Does Ladbrokes Calculate Cash Out Value on a Qualifying Bet?
Whether you’re making use of free bets credited, bet credits or have made a cash deposit, and whether this is your first bet with Ladbrokes or your five hundredth, the odds will change and vary as the sporting event unfolds.
Make sure you keep an eye on what Ts and Cs apply to cashing out. They are likely to vary from those offered to a punter placing a new bet in the middle of the event. Try to remember, though, something is always better than nothing. If you’re worried about losing everything, cash out your bets and invest your winnings in another wager.
How to Claim Ladbrokes Cash Out
One last time – only certain deposit methods will allow you to use the cash-out feature, and payment restrictions apply. UK customers using a UK debit card should not run into any problems, but if new customers are using their £20 in free bets, they may find a first bet does not qualify.
Taking any concerns about free bets credited or debited out of the equation, it’s simple to cash out on all bet types. Sign in to your account, head to My Bets, and look for a qualifying bet. If you’re using the app, use the betting slip feature, then click on My Accas, Get History and My Bets.
Either way, if you’re working within appropriate bet types, you’ll have the opportunity to cash out your bets at the touch of a button. There is no going back once you have made your choice, so think carefully before you bite the bullet.
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Summary of Ladbrokes Cash Out
The option to cash out your bet early is expected on most apps and websites now, and the Ladbrokes website and app are among the best options in the sports markets. Read the Ts and Cs, determining if bet types excluded will prevent you from enjoying the cash-out feature and ensure you make an appropriate qualifying deposit. If you do so, however, there’s plenty to love about placing Ladbrokes bets that include access to the cash-out feature – for veterans and new customers alike.
Here are the pros and cons of the Ladbrokes Cash Out Value button they have.
- More control of your sports bets
- No cash-out options free bet offers