Ladbrokes Cash Out Explained – The Ultimate Guide
Ladbrokes is the leader in gaming and sports betting in the UK, Ireland, and Belgium; it has been delivering excellent services and offers for its bettors since 1886. Licensed by Gibraltar and regulated by the Gibraltar Gaming Commission, Ladbrokes strives to be ahead of the game by innovating the gaming industry.
Ladbrokes were the first to introduce a cash-out option, giving their bettors more control over their wagers. Many things can change during a match due to bad weather conditions and other factors that can drastically change the odds, and sometimes not in your favour. In order to salvage a losing bet, Ladbrokes cash-out feature lets you walk away without experiencing a significant loss. In contrast, you can also cash out your winning if the match goes well, although the payout is lower than if you waited till the end.
Read on to learn how you can benefit from cash out with Ladbrokes and what you should always keep in mind when betting.
What Is a Cash-Out Feature?
You can use a cash-out feature to claim your profits before the match has been concluded. Imagine you placed a bet on a team that scored a goal, but you are worried the opposing team may even out the score. You can cash out your wager before the end of the event and not stress about losing your bet entirely. Keep in mind that when you cash out your bets, you receive slightly less; consider it the fee for guaranteeing you get your money back when the odds are low.
Ladbrokes Betting Markets
You would be surprised to see the wide selection of markets available on the site. Almost all sports betting you make will have a cash-out button present. Among many choices, you can bet on some of the most popular ones:
- Horse Racing
You can even try your chances in some of the less popular sports:
- Water Polo
- Table tennis
Ladbrokes took it to another level and let you bet on eSports (e.g., CS: GO, DOTA 2, etc.) and virtual sports (e.g., horse racing, greyhounds, football, etc.). Thanks to the unlimited options on the website and the app, you will never get bored with Ladbrokes.
How to Cash Out With Ladbrokes?
You can use Ladbrokes cash-out feature in two ways: on your mobile device or the official website. Ladbrokes website and app are available on all devices and operating systems like Android and iOS. To use the services, you first need to register your account. It is best to create an account before downloading an app (the Ladbrokes application is optional). The process is easy and explained below.
Cash Out Your Bet on the Website
Once you are logged in to your account, you can place bets and watch live sports. When it is time to cash out, you need to:
- Open ‘My Bets‘
- Choose the ongoing bets that are eligible for a cashout
- Click on the ‘Cash Out‘ and check the cash-out value you will receive
- As soon as you see ‘Success‘, the transaction is confirmed, and you should see the winning added to your account balance
Cash Out Your Bets With the Mobile App
To cash out with an app, you need to download the latest version and log in to your account on your mobile device (smartphone or tablet). Here is how to use Ladbrokes cash-out feature :
- In the top right corner, click on the betting slip
- Go to ‘My Accas‘
- Click on ‘My Bets‘
- Click on the ‘Cash Out‘ button next to an eligible bet
- ‘Success‘ notification indicates that you have successfully cashed out your bet and will receive the money immediately
Ineligible Sports Bets for a Cash Out
If you want to place a bet solely for a cash-out option, you need to check which bets are eligible. Ladbrokes has some limitations in sports betting, which some players should be aware of.
Most markets have a cash-out feature, but not all of them. Make sure to look for a cash-out icon next to a bet, indicating there is such an option available.
Ladbrokes doesn’t offer cash-out for an accumulator bet, specifically a 14-fold and over accumulator bet. This is when you place a single bet that consists of multiple bets. If you decide to try your chances with this bet, your total profit can be enormous. The downside is that if one bet loses, the entire accumulator bet is lost, too.
The betting market can be suspended, and it can prevent you from cashing out. In this case, you can click on ‘i‘ to check for more information regarding it.
Another reason why cash out is not eligible is because you have used a free bet or multiple free bets together with your own money. The best strategy would be to place those separately.
The Grid Card
Existing and new customers can opt for the Grid card from Ladbrokes. You can always use this loyalty card and accumulate points to claim various rewards, free bets, boosts, and promotions. You can keep betting online, and if you happen to be near any Ladbrokes betting shop, you can always utilize the card.
Here are the reasons why you should obtain the Grid card:
- You get fantastic rewards, free bets, and promotions designed only for cardholders
- You can scan your tickets and check their status easily
- You can deposit and withdraw money from a Ladbrokes shop
- You can watch live streaming without extra payments
The Grid card is an ideal option for bettors who prefer to make in-shop sports bettings rather than online. However, it is still highly recommended to have an active account online to check the balance and status of every transaction. You can always link your loyalty card with your account on the Ladbrokes website or app. Additionally, the card is free of charge and doesn’t require any monthly payments.
Like any other reputable gaming website, Ladbrokes delivers a safe and secure gaming environment. It supports players and bettors and reminds them to gamble responsibly, reminding them that gambling is a means of entertainment only. If you start to feel that you can no longer gamble responsibly, Ladbrokes can initiate the following:
- Curfew: You block yourself from depositing any money for a limited time
- Deposit Limits: You can set a limit on your daily or weekly deposits, preventing you from spending more than you can afford.
- Max Stake Limit: You can set a limit on how much you can bet per game or match.
- Time-Out or Cool-Off Period: This option allows you to take some time off from gambling for a specific time (up to six weeks).
- Self-Exclusion: To entirely remove yourself from Ladbrokes gambling services, you should contact their customer support. Ladbrokes agents will make sure to prevent its customers from reopening the account or creating new ones. The duration is a minimum of 6 months.
When Is the Best Time to Cash Out My Winnings?
The advantage of cash out is that you can withdraw your bet whenever you feel like it. However, to understand when the time is right, you need to be observant and watch the event live. The football team you bet on can be ahead in the score, but the competitor may make a comeback, ruining your wager. Luckily, you can prevent it from happening by withdrawing your bet.
Can I Watch a Live Stream With Ladbrokes?
Yes, you can. Ladbrokes provide live streaming for most sports; some of which are:
- Table Tennis
Ladbrokes streaming is free of charge, and you can choose to watch live events from the official website or a mobile application. In order to open a live stream, you need to have an active account with some money on it (min. deposit of £5). You don’t need to make a bet before the game.
What Payment Methods Are Available?
Once you make a deposit, the withdrawal shall be made using the same payment method. Ladbrokes accept the following:
- Master and Maestro cards
- The Grid
- Paysafecard and Skrill (for countries outside the UK)
The card deposit and withdrawal can take up to four days, and the withdrawal starts from £5. If you prefer to use an eWallet (e.g., Skrill, Paypal, etc.), the withdrawal takes up to a couple of hours with the minimum amount of £5. You can claim your winnings to your Grid card instantly and transfer as low as £0.01.
Ladbrokes cash out is definitely one of the best features bettors could use in gambling, especially when the odds tend to change in-game. Cashing out will prevent you from losing your bets, and it will guarantee you profit from a losing match. Visit Betting Apps to check out the latest promotions, welcome bonuses, and free bets available for Ladbrokes and many other reputable bookies.