Can you cash out a bet slip? If the online casino that you are playing at offers the ‘cash out' option and your bet is eligible for it, then yes, you can cash out a bet slip. The UKGC states very clearly on its website that it is in favor of the Cash out feature being offered to customers at online casinos. However, it does not enforce that on the online casinos. The choice is eventually left to the casinos themselves.
Can you cash out a bet slip?
Betway and Bet365 are two if the biggest online casinos in the world. They both offer the cash out feature. As per this feature, you can cash out a bet at the value being offered at any time before the bet is settled. Punters can use this feature to cut their losses or to protect their profits and so its a great feature when used well.
Here is an example of when it can be really good for the punter.
Say you played INR 1000 on a multiple bet on the outcome of three football matches. At half time, all three of your predictions are going correctly. You check the bet slip and you are being offered INR 10,000 if you cash out at the moment. Can you cash out a bet slip? You can if you think that amount is good enough for you.
The option in front of you is to wait for the results and hope that the second half goes to your advantage as well. That way, you could win INR 15,000. If however, the game changes, you could be left with nothing.
The value of the cash out changes with the situation of the match and the likelihood of you winning your bet. You can use it to cut your losses but the value of the cash out in such situations is usually pretty poor.