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Cashing In betting slips - How and when to cash-in your bet for profit

The top bookmakers now offer punters the opportunity to 'cash-in' an accumulator bet before the final matches are played and that gives nervous bettors a great chance to guarantee profits.

The Football Pools in 1923, with Littlewoods selling 'tickets' outside Manchester United's Old Trafford football ground. Anyone that wanted to play would pick eight matches kicking off at 3pm that they thought would finish with a score of 2-2 or higher in order to try to win a share of a 'pooled' jackpot.

This tradition led to accumulator betting, with bookmakers offering fixed odds on a match result and allowing customers to select multiple teams in order to 'roll-up' their winnings. It meant that a small stake bet on a large number of teams could result in huge profits, and there have been examples of people winning over £1 million from bets of just £1.

However, these massive odds multiples are notoriously hard to hit and frequently one or two teams can let down a bet. It's typically when things are going well as well and any punter will be able to give you at least half a dozen examples of times when 'the last team' let down his or her bet for a huge jackpot. This is especially prevalent now that matches are played across a weekend, meaning that accumulator bets can often include five or six games taking place at different teams.

This is why the new 'Cash In' feature from the big bookmakers is proving so popular. Paddy Power, bet365 and William Hill all offer punters the opportunity to cash in a bet when it is winning but before some of the final legs are played. The payout will be lower than it would have if the bet was allowed to run but the risk is far lessened.



There are many theories on cashing out bets, and a number of punters will tell you to never back out of a bet, and so it is important to understand how an accumulator works and why you should think seriously about all the options available.

Any multiple works by 'rolling up' the profit from a previous winner and putting all the stake onto the next bet. The easiest way to explain this is by imagining a series of bets at even money odds.

Bet 1 - £10 stake to win £20
Bet 2 - £20 stake to win £40
Bet 3 - £40 stake to win £80
Bet 4 - £80 stake to win £160
Bet 5 - £160 stake to win £320
Bet 6 - £320 stake to win £640
Bet 7 - £640 stake to win £1280
Bet 8 - £1280 stake to win £2560

An eight team accumulator of £10 could, therefore, return £2560. But, the final leg is risking £1280. Would you place that last bet if someone had given you £1280?

If the answer to that question is no and there is an opportunity to cash in a bet then it has to be given serious consideration. The settlement figure offered may be £1000, giving the bookies an edge on the bet, but that would still equate to odds of around 6/4 on the final selection. Is that worth risking £1000 on? Would you place the bet at that price if someone gave you £1000.



The chances are that in a majority of cases the punter wouldn't risk the last few legs of his/her bet as, by nature, accumulator bettors aren't high stakes gamblers. They're looking for maximum outlay for minimum risk. Because of this, the option to cash in a bet before having to risk the final few selections is always a good one. It gives more control to the player, who can then reassess his picks. If one seems shaky then there's no point in taking the risk. If, however, the pick is rock solid then 'let it ride!'.


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Cashing In betting slips - How and when to cash-in your bet for profit

The top bookmakers now offer punters the opportunity to 'cash-in' an accumulator bet before the final matches are played and that gives nervous bettors a great chance to guarantee profits.

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