William Hill can claim to be one of the oldest names in the betting industry. In fact, the company’s origins go back to 1934. Staying both profitable and relevant over that period of time requires the ability to regularly adapt to your customers’ needs, and over many decades William Hill have continued to do a great job of doing so thanks to a range of useful tools.
One of the most important recent examples is the William Hill Cash Out tool. In this article we’ll tell you everything you need to know about this, including how to use it.
The William Hill Cash Out tool is a feature that is offered to all customers when they opt to bet online. The principle behind the Cash Out offer is in part derived from the rise of the betting exchanges. These betting sites gave customers the chance to both back and lay one selection in an event, and this was very popular with punters, leading to bookmakers like William Hill attempting to match this appeal.
The William Hill Cash Out offer is what William Hill came up with. William Hill is not in the position to give people the option of directly laying a selection, but they are able to give them a chance to claim their winnings – or just cut their losses – before the event that they have bet on is over. This is essentially the function of the Cash Out. Whether you opt to go for the full William Hill ‘cash in my bet’ option, or a partial Cash Out instead, William Hill enable punters to tailor their betting according to unfolding events.
For each event that offers Cash Out, William Hill customers have the power to ‘cash in my bet’ while the market is still live, through the Cash Out offer. The Cash Out figure that applies is calculated by William Hill and alters constantly as the event continues. Whatever the price though, this offers punters the flexibility to collect out their winnings early, or alternatively to cut their losses during an event, which can also be very useful.
The world of betting is extremely competitive, so bookmakers like William Hill are continually looking for different ways to get an advantage over their rivals. That search for an edge lies behind the development of the William Hill partial Cash Out.
To design the partial Cash Out, William Hill again followed the model of the betting exchanges, as these sites give customers the chance to back and lay selections at different amounts. The partial Cash Out on William Hill works in a similar way and makes it possible to adjust your Cash Out level.
Using a regular Cash Out, you are basically cashing out the whole bet. But with the partial Cash Out, you have the power to choose how much you want to take out. This is easily done by using the handy sliding scale feature that gives you the chance to cash up to 100% or a minimum of 10% of the Cash Out amount that is offered.
This tool can be useful in those circumstances in which you are confident that the match result will go the right way, but you prefer to claim a small piece of the winnings before the event ends. You can adjust the slider up or down to whatever Cash Out figure you want, and let the remainder of your money remain in the market. In short, the ‘partial Cash Out in my bet’ tool gives you more control over your betting.
William Hill Cash Out may sound like a great feature, but how do you actually use it? If you are new to the idea, this handy step-by-step guide will take you through the process of executing a full or partial William Hill Cash Out.
If you’re cashing out a bet using the William Hill mobile website or app, you’ll generally follow the same steps that you use in the desktop version of the site:
As with most features and betting offers that are provided by bookmakers, the Cash Out tool includes terms and conditions. These are the main points to be aware of in the William Hill Cash Out rules:
The fact that you can’t Cash Out early with William Hill on all markets is something that is fairly common across the UK betting industry. Although this can sometimes be disappointing to punters, the William Hill Cash Out is still available for most of the big events and markets, especially football.
Elsewhere, free bets are often given to new customers if they sign up to a William Hill account, as a type of Welcome Bonus. There are usually terms and conditions associated with all free bets, so it is not surprising that these tokens are not included in the Cash Out options.
The short delay between requesting and receiving a William Hill Cash Out offer is understandable. As the Cash Out feature is operated during live matches, events could influence the price available. On occasion, you may find that the price you were initially offered has gone, which means it is important to act quickly if you want to use the Cash Out in William Hill.
As mentioned in the previous section, the William Hill Cash Out offer does not apply to all sports, but it does cover most of the main sports betting markets.
One problem that punters sometimes face is the temporary suspension of the William Hill Cash Out facility. Although this is often frustrating, such suspensions occur for particular reasons.
The Cash Out feature has been an undoubtedly positive development in the betting industry for sports punters, and William Hill are an excellent example of a bookmaker that uses the feature to give additional value to its customers.
Of course, there are both advantages and disadvantages to using the William Hill Cash Out feature. If you weigh these carefully though, you will find that having the chance to Cash Out early with William Hill can add a new dimension to your sports betting, helping you to significantly boost your chances of turning a long-term profit.
Yes. William Hill offers partial cash out on a range of sports and markets, as an alternative to a full cash out.
Simply look for the Cash Out indicator on the market that you are betting on, then tap it to claim the Cash Out figure.
The William Hill Cash Out option will be added to all relevant markets. This will be indicated in advance above eligible markets, with the Cash Out tool itself being located within your betslip.
The Cash Out facility can be suspended for a variety of reasons, including changes in the sports event it is associated with, and issues with your account.