William Hill have long been one of the favourite bookmakers in the UK, they were one of the first High St bookies to make the move online and then subsequently to mobile. So it comes as no surprise that a William Hill cash out option quickly became part of their portfolio. Their ‘cash in my bet’ product is now one of the most popular among regular bettors, with partial cash out now an option.
What is William Hill Cash Out?
The William Hill cash out, or Cash In My Bet option, is available on both desktop and mobile versions of the William Hill website. Nervous customers can now close their bet early, if their result hangs in the balance and may not go their way.
Cash In My Bet can not only give you a return from a bet that would have eventually lost, it can also be used to help reduce your loses; especially if you went all in on a turkey of a bet.
Cash In My Bet was originally launched in December 2012, from humble beginnings the Cash Out option is now available for the majority of betting markets offered by William Hill. Bets that are eligible for cashing out include pre-match and in-play, as well as multiple and single bets.
Also, thanks to the new William Hill Plus Card, you can get your hands on any winnings from a cash out at William Hill betting shops; it’s much quicker than waiting for bank transfers.
When is Cash In My Bet Available at William Hill?
Once you’ve placed your bet, you’ll be able to check if your selection is eligible for Cash In My Bet. To find out all you have to do is visit the Open Bets tab in the options menu.
In this section you will see all of your current open bets, if Cash In My Bet is available the value of your cash out will appear below each eligible selection; its then down to you to decide whether you cash in or let the bet ride.
How is William Hill Cash Out Value Calculated?
To be completely honest William Hill use an extremely complicated yet clever algorithm; Which works out the current market value of your open bet. Whilst we would love to be able to explain it thoroughly, we aren’t in a position to do so. Not only is it above our knowledge of applied mathematics, it’s also a closely guarded secret at William Hill HQ. Although we can provide you with a basic idea.
William Hill Cash Out example:
Let’s say you place a £10 full time result treble on two 3pm kick offs and the evening Premier League game, at odds of 3/1, 7/4 and 6/5 respectively. If all three results come in then you stand to win £232.
The early games you backed both win and you’re now not so confident the final match will go your way; you can either cash in your bet for £80 or let it ride.
As you can see the cash out value is significantly less than the full value of the bet. This will always be the case; but if you manage your bets correctly you can still make gains.