In the online gambling market, betting operators are always looking for new ways to benefit players and offer them more control over their wagers. To provide players with more freedom when betting, Bet365 has become the first-ever bookmaker to offer punters a ‘partial cash out’ option. Talk of partial cash outs have been going on for quite some time.
Recently, popular bookmakers like Paddy Power and Betfair discussed the idea of potentially providing players with partial cash outs later in the year. It has been highly-anticipated among punters, and Bet365 beat its rivals to the punch. The launch of the feature was done so quietly, and Bet365 has yet to make a formal statement about partial cash outs – but the option is available on the site.
Many bookmakers already offer the option to cash out wagers before the end of some matches. This means that players can receive their payout or accept their loss, based on the full amount of the wager. With a partial payout, players could do the same thing without cashing out the full amount. They could cash out $50 of a $100 wager, and still receive a potential payout on the remaining $50.
This could have a significant impact on in-play betting. As odds change throughout a match, players may feel inclined to cash out some of the bet, saving some money while earning the chance to still win on the remainder of the wager. Now that Bet365 is offering partial cash outs, it is likely that other operators will jump at the chance to follow suit.
Punters are eager to give this betting option a try, so it would be a missed opportunity if Bet365’s competitors wait too long to launch their own partial cash out systems.
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