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What is Cash Out?

Cash Out puts you in charge of your Bet giving you the option to obtain a return from your bet early on Single and applicable Multi Bet's before the Match or Event is over.

  • You will be offered a Cash Out amount immediately after you have placed your Bet.
  • The amount offered will fluctuate as the odds of your Bet increase and decrease.

How is my Cash Out value calculated?

Your Cash Out Value is calculated immediately after you place your Bet. That calculation is based on multiple factors that will be unique to your Bet, Event and/or Selection and based on the:

  1. amount staked;
  2. price at the time the bet was placed; and
  3. current price at the time of the Cash Out.

What do I need to do to place a Bet with the Cash Out feature?

Image  The Cash Out icon will alert you to a Cash Out event or market.
  1. Check that the Event or Market has the Cash Out symbol visible.
  2. Once you have added your selection to your Betslip, you should see a Cash Out icon next to the selection.
  3. Make sure you use funds from your Sportsbet account to finalise your Bet. Using a Bonus Bet will remove the Cash Out feature.
  4. You will be offered a Cash Out amount immediately after you have placed your Bet. 

Why wasn't I able to Cash Out my Bet after the match started?

Cash Out is only available during an event if it was offered on Bet placement and it is being traded Live.

The Cash Out feature is unavailable if the market or event has been:

  • suspended during play
  • suspended by our trading team before play
  • resulted but not yet settled, or;
  • made unavailable for betting
Example 1: When at least one Leg of your MultiBet was placed Live
In a 5 leg multi, if the 4th leg has been resulted but not settled, Cash Out won't be available even though there is still one more leg to go.  As soon as the 4th leg has been settled, Cash Out should again become available.
Example 2: Head to Head bet without Live odds
If you placed your Bet before the event, but the event/market isn't traded Live, you won't be able to Cash Out once it begins.

Where can I Cash Out my Bet?

I placed my Bet before the Event.
As long as the conditions in the answers above don't apply, you can cash out on:

  • Desktop
  • Mobile
  • Telebet (Phone Betting)

I placed my Bet, or a leg of my MultiBet Live over the phone.

Example 1: Head to Head bet with Live odds
If you placed your Bet Live through the Phone Betting service, you'd need to call Phone Betting again in order to Cash Out.
Example 2: Head to Head bet without Live odds
If you placed your Bet before the event through the Phone Betting service, you'd have the ability to Cash Out before the event starts Online OR by calling Phone Betting
Example 3: As part of a MultiBet
If you've placed a 5 leg multi and the first Leg was a Live Bet, you would need to call Phone Betting to Cash Out regardless of when the remaining legs kicked off.

 
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