Ladbrokes cash out option
Ladbrokes cash out enables customers to settle bets before the race, match or other fixture has taken place. This means that the bet result can be decided early with a profit if it is doing well (depending on the current odds), or losses minimised. The cash out price is different to the original bet stake and is calculated by a special formula, linked to the price when the bet was placed and the current price when the cash our request is received. Customers can enquire and decide to go ahead - or not.
The advantages of cash out include the removal of uncertainty and waiting, while offering an agreed cash sum at that moment. Although the profit may be smaller than a surprise win later on, there is the advantage of certainty - money in the pocket now, in case the situation changes soon afterwards.
TC's for F50 Multi Sports Offer:
18+. New customers only. Promo code 'F50' required. Certain deposit methods excluded. Min £/€5 on win or each-way bet excluding Tote or pools = match max £/€50 free bet. Min odds 1/2 (1.5). Bet must be made within 14 days. Free bet valid for 4 days. Free bet stake not returned. Single bets only. Free bet cannot be used on certain markets. T&Cs apply.
To see whether cash out is currently available, simply check the rectangular green box at the bottom of the bet slip. Exceptionally, the box will be greyed out in the event that a cash out value is not available. To find out why, simply click on the information button for a brief explanation. The option may have been suspended due to unusual market conditions. It is worth remembering that cash out is an additional and optional service; bets should not be made on the assumption that cash out will always be available.
Values offered are updated regularly so may change before the last click to confirm the transaction. If there is an increase, there is good news - you will be paid more! Alternatively, a pop-up window will be displayed with the new value and will ask whether you wish to proceed.
How to use Ladbrokes cash out feature
The Ladbrokes cash out feature is already available for five major sports and is set for further expansion. Sports currently covered are cricket, darts, football, snooker and tennis. In some cases, a cash out value might not be displayed. This may be the case for free bets, if the current payout value is zero or due to other operational limitations as mentioned, which may apply from time to time.
If bets are placed in a Ladbrokes shop, the bet can be checked easily and conveniently online by using the fourteen-digit reference number. A cash out value will then be displayed if currently on offer.
Additionally, a partial cash out facility is planned soon to bring Ladbrokes right up to date, offering the latest competitive deals in modern sports betting. Used shrewdly, the intended partial cash out facility offers customers the potential assurance that they should not lose their stakes, while still maintaining part of their bet on a winning position. The functionality will be straightforward to use with the sum available clearly displayed; the customer can adjust an intuitive slider control to alter the proportion of the stake that he or she wishes to allocate to cash out.
Ladbrokes cash out can add a new dimension to placing your bet. If you are thinking about ending the wait now and would like to find out if it is worth resolving the bet - one way or the other - this innovative idea offers an exciting new way to decide.
Finally, Ladbrokes cash out will be available for single and multiple bets. On triple bets, cash out may be taken after just one (or two) of the teams have won. Although the cash out value taken may not be as high as it might be in the case of a possible continued win, it is still a payoff with money actually received now.