How to Use Ladbrokes Cash Out

In the world of betting, knowing when to hold or fold a bet is a fine art. And at Ladbrokes Australia, you have that option when placing sports and racing bets. Ladbrokes Cash Out gives punters the option to ‘Cash Out’ a bet before it has been finalised. We explore the ins and outs of Ladbrokes’ Cash Out feature so you know if it’s the right thing for you. 

Cash Out is a betting feature on Ladbrokes Australia that allows punters to settle a bet before the event has finished. Instead of waiting until the end of a match, or for all of your multi legs to be completed, punters can choose to take an early payout. 

Ladbrokes offers Cash Out on sport singles and multi bets and racing fixed odds multi bets. One downside is, Cash Out is not available on Same Game Multis at Ladbrokes. Look out for the black dollar sign to know if Cash Out is offered on a particular market.

The Ladbrokes Cash Out payout amount is calculated based on the probability of your bet landing. Below are two examples of how Cash Out might work with racing and sport:

You have a five leg multi on the AFL with five individual teams to win the head-to-head markets. The payout for a $20 bet is $280 and four of your teams have already won. Your last leg is Brisbane to beat North Melbourne and Brisbane are short-priced favourites at $1.10. The probability of you winning the last leg is high, so Ladbrokes may offer a Cash Out amount of around $230. Although it might be tempting to let the bet ride with a near certain win, the Cash Out feature gives you a guaranteed win.

Similarly to the above scenario, you have a four-leg multi on races at Flemington and Randwick and the first three have won and you just need a $7 chance to win the last leg at Flemington. The stake was $20 and the potential return is $1255. In this scenario, the odds are stacked against you with a $7 chance, so a possible Cash Out amount could be around $200. It’s then up to the punter to decide if they want a guaranteed $200 or the potential to win $1255. This is a prime example of knowing when to hold or fold. 

Yes, partial Cash Out is another option punters may want to explore to hedge their bets. This is a great way to lock in some profit while still leaving a portion of their bet running for maximum return. With Partial Cash Out, you can decide to cash out only a portion of your stake, leaving the rest to play out. 

The Cash Out feature at Ladbrokes.com.au provides several benefits to punters. Here are some of the most significant advantages:

Minimize Losses: One of the primary reasons Aussie punters use Cash Out is to minimize potential losses. If for some reason the likelihood of winning diminishes, the Cash Out feature allows you to take a payout before the event ends, avoiding the risk of losing your entire stake.

Guaranteed Profits: Every punter has been in the position where a bet that was near certain to win goes down. By choosing to Cash Out while you are offered more than your stake, you are guaranteed a profit. 

Flexibility and Control: The best part about Cash Out is the flexibility. For example, you have a three leg multi on racing and the first two horses have won and your last leg is running in the last race at Eagle Farm. Your horse likes a dry track but there were unexpected showers at Eagle Farm and the track has been downgraded to a Soft 6. In this instance, Cash Out is a blessing.

Live Betting Experience: The Cash Out feature at Ladbrokes enhances the live betting experience for punters by making the betting experience more interactive and dynamic. Punters don’t have to be passive observers once their event has started - they can engage with the unfolding action in real-time, making decisions on their bets as they see fit.

Yes, if you have used an odds boost for your single bet or multi, the Cash Out option will still be available to you at Ladbrokes. Some betting sites in Australia do not offer this, so make sure you check the T&Cs when potentially looking to Cash Out a boosted bet. 

Ladbrokes Australia’s Cash Out feature is a powerful tool that adds flexibility and control to the betting experience. By offering a feature such as Cash Out, punters have more control of their betting and this goes a long way to betting responsibly on Ladbrokes. Whether you're looking to minimize losses, lock in profits, or hedge your bets during live events, Cash Out offers a way to stay in control of your bets in real-time. By providing the option to cash out fully or partially, Ladbrokes caters to both risk-averse punters and those who want to maximize their potential returns. While it’s important to be aware of the limitations, the Cash Out feature is undeniably a valuable addition to the Ladbrokes mobile app and desktop platform, enhancing both the enjoyment and strategy of betting.