As far as betting tools go, the Coral Cash Out (or Cash Out My Bet) is one of the most undervalued betting features available.
In our guide, we are going to explain all that you will need to know about Cash Out My Bet option and also cover the Partial Cash Out feature available from the bookie.
I will provide an easy to follow step-by-step guide on how you can take advantage of this tool, alongside some of the key terms & conditions that are worth noting.
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What Is Coral Cash Out?
Coral Cash Out My Bet is a live in-play feature that lets you settle your wager before the event has concluded for a percentage of your potential winnings. For example, if you had a £10 bet on Manchester United to beat Arsenal for a return of £15 and Manchester United are 2-1 up in the 85th minute. Corals Cash Out My Bet would let you settle your bet in the 85th minute for a reduced return of £13, meaning that if Arsenal score in the remaining 5 minutes, your profits are safe.
Cash-out was first introduced in 2011 by Betfair Exchange; it took two years after the launch to move it over to a sports betting platform, with Ladbrokes debuting cashout on its football markets in 2013. Since then it has become a staple of any competitive UK Bookmaker. This feature is available on the regular website and by using the Coral mobile and Android app.
Back in 2015, Coral introduced their version of a full cash-out feature, calling it ‘Cash Out My Bet‘, alongside a partial cash-out feature, no surprise that it was named ‘Partial Cash Out My Bet‘. These two cash-out options allowed customers to have more control over their bet than ever. You can read more about this essential feature in our guide on the best betting apps with Cash out.
How To Cash Out On Coral?
Coral makes it very easy for punters to cash out their bets using either the Coral website or mobile app. This process is very similar to other bookmakers such as the Unibet Cash Out feature.
For players using the desktop website
- Ensure you are logged into your Coral account by entering your Coral login details at https://sports.coral.co.uk/
- On the right-hand side of the screen, you will see a menu that has two options ‘BETSLIP‘ & ‘MY BETS‘; click ‘MY BETS‘, and you will see every wager that is currently open.
- If your bet is eligible for ‘Cash Out My Bet‘, you will see an orange cash out button underneath the bet showing the cash out value.
- By clicking this button & confirming you wish to cash-out, the value will be added instantly to your account, and the bet will be settled.
For players using the Coral mobile website & app
- Ensure you are logged into your Coral account.
- At the top of the screen, you should see an orange button with ‘MY BETS‘, click on this button to be taken to all your open & settled bets.
- If your open bet is eligible for ‘Cash Out My Bet‘, similar to the desktop website, you will see the orange cash out button displaying the cash-out value of the bet.
- By clicking and confirming the cash-out, the value will be added to your account instantly.
You can also view this useful video demonstrating how to cash out on a mobile.
What is Partial Cash Out?
The partial cash-out feature lets you cash out a portion of your bet, but also lets you leave some in to run the full course of the event or game. This feature is not available with all bookies, but the good folks at Coral do allow this. As you can see from the image above, when you select to cash out, there are two options presented. Cash-out all the full bet, or do partial cash-out option.
This for us is a fantastic idea and has saved our bet on a lot of occasions.
Coral Retail Cash-Out Bet Tracker
Have you ever wanted to cash-out on a bet you made in-store?
If you answered yes, Coral has answered your prayers. Every time you make a bet at one of the 1,800+ Coral stores, your ticket will contain a ‘Cash Out Code‘ at the top. Entering this code into the Coral Betting Tracker will add this bet to your account digitally, allowing you to cash-out on this bet from your mobile.
Coral Connect Card & Mobile App
Coral Connect is the free loyalty scheme offered by Coral that gives players a plethora of benefits over regular players. You can apply for a Coral Connect Card online where it will take 2-5 business days to be delivered; you can also head down to a Coral shop and receive the card instantly.
You will then need to download the Coral Connect App, available on both Android & iOS. This app will allow you to track bets made in-store, other features include:
- Deposit into your account using cash at any of the 1,800+ Coral stores nationally
- Play and bet online without the need of adding a debit card to your account
- Collect your winning in-store in cash
- Live stream your favourite sports such as football, horse racing & tennis
- Exclusive offers to Coral Connect members every week
Although the benefits are becoming more outdated as in-store betting is slowly becoming obsolete, Coral Connect is free to join and does provide a lot of benefits to the player.
FAQs
When Should I Cash Out My Bet?
There isn’t a definitive answer to when you should cash out a bet. However, what I believe is that you should cash-out if you are happy with the profit you have made. Waiting for a bigger payout usually leads to you chasing your losses, which only leads to more money lost.
I also say cash-out early if it looks probable that you are going to lose eventually. For example, if 18th place Watford score first against 1st place Manchester City and you have bet on Watford, I’d recommend cashing out as it is likely that Manchester City will score and ruin your bet.
What Does Cash Out Suspended Mean At Coral?
Cash Out Suspended can mean a few things at Coral.
The most likely being that one of the events you are betting on is temporarily suspended, this can be due to a goal or dangerous attack by one team or a crucial decision being made, such as a penalty kick. The cash-out button will reappear once the attack or decision has been made. It is essentially giving Coral time to update their odds to ensure they are as up to date as they can be. The message ‘Coral Cash Out Unavailable‘ will only last a matter of minutes at worse at any one time, so don’t worry if you experience this.
The other option is that your bet simply isn’t eligible for cashout. An icon indicates markets that are eligible for ‘Cash Out My Bet’ before you place your bets, so make sure that you are aware that your bet may or may not be available for cashout before confirming the bet.
If you use a free sports bet offer to place a bet, the chances are that you won’t be able to cash out on that bet. Although this isn’t true for every free bet, the majority won’t allow you to cash-out. To avoid this, read the terms & conditions of any free bet you receive before placing it.
As well as using Cash Out from Coral, there are several other bookies we recommend who also have a great partial and full cashing out options. These are:
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