Thank God for Cash Out

Yesterday we told you about Paul Dean who stood to win £511,225 from a £5 bet. His first four selections had all won and he had hot favourite Envoi Allen as his last runner. Should he let the bet run or cash it out?

The five-fold acca had been placed with Betfair. Paul asked Betfair if they’d give him a partial cash-out on his bet. They offered him a partial cash out payment of £250,000 and if Envoi Allen did win, they’d give Paul £300,000. With other bets he’s made a total of £322,000 would be received if odds-on favourite Envoi Allen won. A big decision to make therefore because if he let the bet carry on and Envoi Allen lost, he’d end up losing a fiver.

It was at 5am on Thursday morning after just hours sleep that he made his decision. The partial cash out was accepted and £250,000 would be heading into his account. Not a bad return on a fiver.

He described the offer as “fantastic” and plans to go on plenty of holidays when possible including a trip to New York with his parents. He’s also a big golf fan and says he wants to play some of the best courses in the world including Bethpage and Sawgrass. Buying a horse is also a possibility.

Cheltenham ante-post bets

Dean loves placing ante-post bets especially for Cheltenham. “I love having small ante-post bets and the dream of having a big win over the winter.” His second favourite race meeting is Royal Ascot so that’s why his accumulator began with a couple of selections there.

He didn’t have long to wait to see how Envoi Allen got on. The unbeaten horse was in the 1.20 at Cheltenham and went off the 4/9 favourite. It was all going well with Envoi Allen in a prominent position but then he fell at the fourth fence. Thank God for Cash Out.

Tweeting after the race, Dean said that he hoped Envoi Allen was OK following his fall. Thankfully, that is the case.

This betting feature has been around for a while now. It is one that has gamblers constantly trying to decide whether or not to cash out or not. Cash out allows you to end your bet before the event reaches its natural conclusion.

There are plenty of times when your selection takes the lead in a football match. It’s against the run of play though and you’re not sure they can hold on to win the game. You can cash out your bet and get a return. Not as much as if you let the bet go on to the finish, but imagine your joy if your selection doesn’t win.

It’s a big decision to make, just ask Paul Dean but at least his bet had a happy ending. Then again, what if he’d let the bet carry on and Envoi Allen had won, he’d have over £200,000 more in his account.