Cash Out Betting in Australia

Written by Chris Flavell Last time updated 07/11/2024

Some of the best bookies in Australia also offer cash out betting. This brings an added dynamic to wagering and can be a big positive for punters. We have highlighted the best cash out betting sites and how to get the most out of this feature.

Best Cash Out Betting Sites

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How we rate
Best Cash Out Bookmaker
#
1
5/5

Best Live Streaming

Many Sports Covered

Huge range of sports, Exceptional product, Lots of payment options
Payment methods (9 in total):
flexepin.png
poli.png
visa-debit.png
apple-pay.png
payid.png
paypal.png
google-pay.png
mypaysafecard.png
Minimum Deposit:
AU $1
Withdraw Time:
1-5 Days
Licences:
Northern Territory
App availability
App availability:
  • Cash out regularly offered
  • Lots of markets covered
  • Set auto cash outs
  • Cash out multi bets
#
2
5/5

Great Betting App

Watch Live Streams

Great all-round bookie, Unibet TV, Impressive app
Payment methods (4 in total):
visa-debit.png
apple-pay.png
paypal.png
poli.png
Minimum Deposit:
AU $5
Withdraw Time:
1-5 Days
Licences:
Northern Territory
App availability
App availability:
  • Lots of cash outs on offer
  • Cash out live bets
  • Cash out multis
  • Easy to see cash out availability
#
3
4.5/5

Aussie Sport Focus

Great for Multi Bets

Strong focus on racing, Excellent for enhanced odds, Good bet builder
Payment methods (6 in total):
paypal.png
poli.png
visa-debit.png
payid.png
bpay.png
bank-transfer.png
Minimum Deposit:
AU $10
Withdraw Time:
1-2 Days
Licences:
New South Wales
App availability
App availability:
  • Cash out offered on lots of events
  • Easy to see cash out markets
  • Some multi bet cash outs
  • No cash out for bonus bets
#
4
4.5/5

Horse Racing Live Streams

Big Races Covered

Superb betting app, Watch live horse racing, Range of sports markets
Payment methods (3 in total):
visa-debit.png
bpay.png
poli.png
Minimum Deposit:
AU $10
Withdraw Time:
1-2 Days
Licences:
New South Wales
App availability
App availability:
  • Good for sport cash outs
  • Horse racing cash out
  • Some multi bet cash outs available
  • Not available for exotics or bonus bets
#
5
4.5/5

Sports and Fantasy Betting

Range of Markets

Range of sports markets, Daily fantasy sports offered, Apps for iOS and Android
Payment methods (4 in total):
visa-debit.png
bank-transfer.png
bpay.png
poli.png
Minimum Deposit:
AU $10
Withdraw Time:
1-3 Days
Licences:
Northern Territory
App availability
App availability:
  • Get cash out bets
  • Easy to see with cash out icon
  • Only for fixed price win bets
  • No cash out on bonus bets

What is the Best Cash Out Betting Site?

After rating and reviewing the best betting sites with cash out, we believe that the top choice is bet365. This is one of the best Aussie bookies generally and the fact it also offers cash out to it’s customers for their online betting is another plus point. Let us talk you through why this cash out bookmaker stands out:

bet365 logo

Cash Out Betting is Best with bet365

First of all, bet365 is one of the biggest betting companies operating in Australia after obtaining a license after growing the brand in the UK and Europe. It means the bookie stands out for its general betting product and features, quality of odds and range of markets. All this on top of the fact bet365 offers cash out for its customers means it is our top choice.   You can take advantage of auto, partial & full cash out with bet365. And the range of different bets this is offered for is also impressive. Being able to cash out accumulator bets, and even live bets is another plus point.
  • Excellent selection of cash out markets
  • Partial cash out on offer
  • Set auto cash out amounts
Visit bet365 Visit bet365 Review

Other Cash Out Bookmakers in Detail

While bet365 may be our overall top pick, every cash out betting site on our list is there for a reason. These are among the best betting sites in Australia and offer different types of cash out options for a number of different markets. One may suit your needs better than another.

unibet logo

Unibet Cash Out

Unibet is another big betting agency in Europe, so it’s no surprise they offer so many excellent betting features, including cash out. Other highlights that have this bookmaker near the top of our list include same game multis, live streaming via Unibet TV, a great betting blog and daily odds boosts.   When it comes to cash out betting, Unibet also stands out as a top choice for Aussie punters. Cash out is available for live, pre-match, outrights and accumulator bets. A cash out logo makes it clear for players which bets have this option.
  • Lots of markets have cash out options
  • Cash out live bets
  • Accumulator cash outs
Visit Unibet Visit Unibet Review
palmerbet logo

Palmerbet Cash Out

Palmerbet is a truly Australian betting site with an excellent focus on horse racing and key Aussie sports. They are a great general bookmaker and having cash out for customers is just one of a number of good features that include odds boosts and impressive promotions.   Cash out is available for some multi bets and it is clear to see which markets have cash out available due to the cash out symbol they show. Like many other bookies, cash out will not be available for bonus bets but the number of markets where it is generally offered is very good.
  • Good range of cash out markets
  • Some multi bet cash outs
  • Easy to see when cash out is offered
Visit Palmerbet Visit Palmerbet Review
bluebet review link

BlueBet Cash Out

BlueBet is a really appealing Aussie bookie that has some excellent features, including same game multis, enhanced odds boosts and a big range of sports markets. Cash out is another feature that is a big plus point for punters.   Cash out is available for horse racing and sports markets but just won’t be offered for exotics or when using bonus bets. Some multi bets will be available fro cash out as long as all legs are individually, which is often the cash with all bookies.
  • Good amount of sports cash out markets
  • Horse racing cash outs
  • Some multi bet cash outs available
 
Visit BlueBet Visit BlueBet Review
PlayUp betting sites logo

PlayUp Cash Out

PlayUp offers something for every sports betting fan, from the usual betting markets to a huge range of fantasy odds due to the connection with Draftstars. A simple but effective betting app and competitive odds make this bookie also stand out.   Cash out is another feature that PlayUp do well. You can see if bets are available for cash out due to the cash out icon being shown on your bet slip, ‘My Bets’ section and on racing pages where bets are eligible. Cash out is only available on fixed price win bets but is available for gallops racing.
  • Good number cash out eligible markets
  • Clear to see cash out availability
  • Horse racing cash out
Visit PlayUp Visit PlayUp Review

Cash Out Betting Site Apps

All of the bookmakers on our recommended list also have excellent apps for betting from your mobile device. Top betting apps and cash out betting go hand-in-hand for many reasons.

It is vital you cash out at just the right time when you have this available for one of your placed wagers. Being able to bet on the move with a top app means you have a better chance of not missing that opportunity. Here is a look at the apps of the bookmakers we highlighted in our top list.

bet365 review screenshots

App Store rating: 4.5 ⭐️

Play Store rating: 2.7 ⭐️

Join bet365 now

Read the bet365 app review

Unibet mobile screenshots

App Store rating: 4.3 ⭐️

Play Store rating: 3.8 ⭐️

Join Unibet now

Read the Unibet app review

bluebet mobile screenshots 1

App Store rating: 4.5 ⭐️

Play Store rating: 4.5 ⭐️

Join BlueBet now

Read the BlueBet app review

 

playup mobile screenshots and log in

App Store rating: 3.1 ⭐️

Play Store rating: 3.2 ⭐️

Join PlayUp now

Read the PlayUp app review

palmerbet mobile screenshots markets

App Store rating: 2.6 ⭐️

Play Store rating: 3.6 ⭐️

Join Palmerbet now

Read the Palmerbet app review

What Does Cash Out Mean in Betting?

Cash out is a betting feature offered by some online bookmakers that allows you to take money before the bet is officially completed.

It gives you the chance to take a smaller profit or consolidate losses while the action is still taking place. This can be seen in in-play bets or with futures bets that are still active.

The settlement offered will change depending upon the current likelihood of the bet winning at that moment in time. The amount offered to cash out could be greater or lesser than the initial stake but you have to decide if you want to take the offered amount of let the bet run to its conclusion.

For example, a $10 A-League accumulator bet on Melbourne City ($2.00), Wellington Phoenix ($3.00) and Central Coast Mariners ($2.5) to all win their weekend matches would have the potential to return $150 if all three won. If all three were winning 1-0 with just a few minutes in each game, a cash out value of £135 could be offered. You would need to decide if to take the lower amount or hold out to see if your bet stays a winning one for a bigger return. If you do cashed out at that stage, you would receive the $135 as winnings regardless of what happened after that point.

If, after you have cashed out the bet, Wellington concede a late equaliser, you would not be affected and would keep your cash out amount. Just as you couldn’t get any more money if the scores stayed the same and your initial bet was a winning one.

When to Cash Out Your Bets?

There are a number of factors to consider when you get offered a cash out amount. These range from if you think the offer is a good value and how you think your bet/s will play out to if a partial cash out would suit instead.

The most obvious and simple one is how you feel the bet is going. You may be winning your bet but there could still time left in the game. In this instance, you will likely be offered a cash out amount lower than the overall winnings but still a profit. Perhaps your team is winning 1-0 with five minutes to go but the game is open and the opposition is creating a lot of chances. If this is the case, you may want to cash out in case an equaliser is scored.

The second part of this decision is about value. The offer needs to be a value one as well. You should work out what odds you are getting for the cash out amount and decide if you think that is still value for the bet you placed.

Cash Out Betting Calculator

The cash out amount a bookmaker offers you is calculated based on a number of different factors, including the amount staked and the current odds of the bet as compared to the odds taken when the bet was originally staked. You will then need to decide if the offer is good value for you to cash out or not.

Cash Out Betting Markets

Not all bookies will offer you cash out for every single bet you make. Some will only allow you to cash out certain types of bets and others will only allow this feature for certain sports. Here is a look at the most popular examples of cash out betting in Australia.

Cash Out Sports Betting

You will see cash out offered for a range of different sports with our recommended bookies. The most popular tends to be with soccer betting, but other sports such as NBA basketball, tennis, and cricket.

The range of sports covered will vary on the bookie you choose but one of the best for the range of sports that cash out is offered for is bet365. This is also the case with sports accumulators, which we discuss in greater detail below.

Like with any sports betting, keeping track of the matches you bet on can be an advantage and will help you decide if the cash out offer is a good one. This is why a bookie with good live streaming like bet365 and Unibet are good choices.

Ad disclosure
Best for Sports Cash Out
#
1
5/5

Best Live Streaming

Many Sports Covered

Huge range of sports, Exceptional product, Lots of payment options
Payment methods (9 in total):
flexepin.png
poli.png
visa-debit.png
apple-pay.png
payid.png
paypal.png
google-pay.png
mypaysafecard.png
Minimum Deposit:
AU $1
Withdraw Time:
1-5 Days
Licences:
Northern Territory
App availability
App availability:

Cash Out Horse Racing Bets

Horse racing cash out is also occasionally offered by top bookmakers. PlayUp mainly offers cash out for gallops racing and BlueBet is a great bookie for racing betting in general, including same race multis.

One example where you may see cash out offered is if there is a big market move for your horse. For example, if you backed it the night before the race at 21.00 but the price has shortened before the offer to 6.00, then you may get an offer to cash out for a profit before the horse even runs in the race. Of course, this always works the other way around and the cash out offer could be less than your initial stake if the price has drifted.

You will often get a cash out offer when you place double and treble bets on different races and the first leg to wins. This is when you will see an offer to cash out before the next leg runs, which we discuss next.

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Best for Racing Cash Out
#
1
4.5/5

Horse Racing Live Streams

Big Races Covered

Superb betting app, Watch live horse racing, Range of sports markets
Payment methods (3 in total):
visa-debit.png
bpay.png
poli.png
Minimum Deposit:
AU $10
Withdraw Time:
1-2 Days
Licences:
New South Wales
App availability
App availability:

Cash Out with Multi Betting

As we have mentioned in the other sections, multi bet cash out offers will be available with some bookmakers as well. This will be the case for both sports and racing betting. If you have a general acca or a same game multi you will often be given a cash out offer if a few legs are successful.

Cash out for multi betting is very common with soccer multis where punters place bets on a number of match results. As more results are successful, the higher the cash out amount will be.

Ad disclosure
Best for Multi Bet Cash Out
#
1
5/5

Great Betting App

Watch Live Streams

Great all-round bookie, Unibet TV, Impressive app
Payment methods (4 in total):
visa-debit.png
apple-pay.png
paypal.png
poli.png
Minimum Deposit:
AU $5
Withdraw Time:
1-5 Days
Licences:
Northern Territory
App availability
App availability:

Cash Out and Futures Bets

Another scenario where you may be offered cash out when betting online is when you have had a futures bet. Perhaps you have backed a team to be an outright winner of the league or tournament, or a horse to win the Melbourne Cup a few months before the race in the hope of getting a value price.

If your bet gets far in the tournament or your horse wins a few key trial races you may see their price fall in the market you backed them. In this case, you could get a cash out offer.

Ad disclosure
Best for Futures Cash Outs
#
1
5/5

Best Live Streaming

Many Sports Covered

Huge range of sports, Exceptional product, Lots of payment options
Payment methods (9 in total):
flexepin.png
poli.png
visa-debit.png
apple-pay.png
payid.png
paypal.png
google-pay.png
mypaysafecard.png
Minimum Deposit:
AU $1
Withdraw Time:
1-5 Days
Licences:
Northern Territory
App availability
App availability:

Can You Cash Out Live Bets in Australia?

It is also possible to cash out bets that were placed in-play. Cash out offers will be available for your bets while the action is taking place and can be cashed out at any stage.

It is also important to know that you will need to call up to cash out an in-play bet. All live bets need to be placed over the phone due to Australian gambling regulations, so cash out for those same bets must be done in the same manner.

If a live bet is placed over the phone, it must be cashed out over the phone

Cash Out Options Per Bookie

Seeing which bookies offer more flexibility in this regard can help you decide which cash out betting site to choose depending if you are more interesting in cash out for multis, horse racing or general sports. Let us break this down for each of our top recommendations:

  • Multi bet cash outs
  • Sports and racing cash outs
  • Pre-match and live cash outs
  • Multi bet cash out
  • pre-match and live cash out
  • Sports and racing cash out
  • Multi bet cash outs
  • Sports betting cash out offered
  • Some Racing cash out available
  • Racing and sports cash out
  • Fixed odds multi cash out
  • Some live cash outs
  • Gallops races only
  • Fixed price win bets only
  • No bonus bet cash out

Can You Cash Out Bonus Bets?

The simple answer is no. Almost all bookies will not allow cash out when using bonus funds to place the bet. This is the case with all of our recommended cash out bookies. So don’t be surprised if you don’t see a cash out offer for your wager if you did use bonus bet funds.

Bonus Bets Excluded

Be aware that almost all online bookmakers won’t offer cash out for bets placed with bonuses. It is common for terms and conditions to exclude cash out on this type of bet. Cash out is also offered at the discretion of the bookmaker.

Always Consider Cash Out Terms and Conditions

Bookmakers have a variety of terms and conditions around their cash out offering. Always be sure to check these before planning cash out betting.

Betting sites will differ on when and how they offer cash out and for what sports and events they offer it as well. This will all be covered in the terms and conditions section of the site. Here is a breakdown of the key conditions for our top bookies. This is just a few of the key points. Visit each bookie for a more detailed list of T&Cs.

Cash Out Alternatives

The most obvious alternative to cashing out with your chosen bookmaker is to use Betfair to lay a selection instead.

Rather than accepting the cash out offer, you could choose to have a Betfair exchange account as well as your usual bookie. This will give you the opportunity to hedge your bet by backing against your own original wager. This may also mean you get better odds than you would for accepting a cash out figure.

For example, this would mean ignoring the cash out offer and instead laying off your bet on the exchange and trading out for a better profit regardless of outcome. Always be sure to factor in any potential commission that Betfair charge when working out what you want to make.

Betfair betting sites logo
Betfair is Australia’s only betting exchange and is the place to go for putting on lay bets, which makes it a good alternative to taking a cash out amount from your standard bookie
Visit

Conclusion

Not all online bookmakers offer cash out betting in Australia but some of the best options certainly do. We have rated and reviewed the top choices to highlight where is best.

The best cash out bookmakers offer this feature for a good range of sports, including for multi bets and live bets. Overall, we feel bet365 edges it but all those on our list stand out as excellent options.

Cash Out Betting – FAQs

What is the best cash out betting site in Australia?

After testing the best options, we believe that bet365 is the best for cash out betting site in Australia. They offer cash out for a big range of different sports and addition features like partial cash out helps them stand out even more. Live streaming with bet365 can also help you assess if a cash out offer might be worth taking.

What is does cash out mean in betting?

Cash out is a feature that is offered by some betting sites that allows you to take money before the bet is completed. It gives you the chance to take a smaller profit while the bet is still live or consolidate losses if you are sure it will be a losing bet

What markets do bookies offer for cash out?

The markets offered for cash out by bookmakers can vary from one to the next. The best bookies offers popular sports like soccer, basketball, and cricket, plus even horse racing. You can also get cash out amounts offered on your multis and futures bets for these sports too.

Can you get cash out on bonus bets?

As a general rule, this is very rare. Almost all bookies will not offer cash out on bets placed with bonus cash. These will excluded with even the best cash out bookmakers.

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Our experts manually test and compare every betting site to offer our readers detailed and up-to-date information. We rank bookies based on several important criteria, including apps, markets, odds, special features etc. To learn more about the review process, visit the How we rate page.

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