Cashout is a feature that bookmakers offer, which gives punters the opportunity to pay out before the final result of an event or match. Though, it is important to know that bookmaker’s cash-out feature varies there’s full cash-out and partial cash-out. We will be looking at the best betting sites for cash-out feature and tips how to make money with it.
What's in this article
- Best Betting Sites for Cash-Out
- Cash Out meaning
- How Cashout is calculated
- Best tips and strategies on How to make money with cash out
- Check on Statistics
- In play Cashout
- Cash out on accumulators
- Types of Cash Out
- Full time Cash out
- Partial CashOut
- Auto cash-out
- How Cash out works on different bookmakers
- What is Cashout in Bet9ja:
- What is Cashout in Betway:
- Merrybet Cashout:
- Betbonanza Cashout:
- Nairabet Cashout:
- Surebet247 Cashout:
- Betking Cashout:
- Lionsbet Cashout:
- 1XBET Cashout:
- Supabet Cashout:
- Betwinner Cashout:
- 22bet Cashout:
- Conclusion
Best Betting Sites for Cash-Out
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Cash Out meaning
The idea of the cash-out function is made in real-time, which allows punters to get their stake or money back before the end of a live event or pre-game, which means if a game is going against your favour or you are scared that a match might spoil your ticket. The cash out options is useful in both ways. For instance, punters in Africa have these habit of selecting multiple bets, and that’s one of the reasons cash-out feature is one of the most preferred choices of punters in recent time, so let us say a customer select five games from different markets and some of the games have won, You have few games left on your bet slip at the same time you’re foreseeing an ongoing game might cut your bets before the start of next game, or you see an incredible moment in your favour during the live event because the amount of money you get back is determined at the time of cash-out. So it all depends on the likelihood of your bet, you could get back less than your initial stake, or you could end up with a profit on your original stake.
How Cashout is calculated
Calculating cash-out feature in-play markets can usually be volatile, which means it is liable to change rapidly and unpredictably. Still, the best possible way how you can calculate it we will be breaking it down to the best possible way cash-out feature is being calculated depending on bookies the cash-out betting feature. For instance, the cash-out amount depends on upon the probability of the chosen outcome at the time of cash-out especially in the final stage of an event or game which is often the time punter are most likely to use the cash-out option. So let say if the chance of your bets is 50% at the beginning but at the time of cash-out it decreases to 30% it means the cash-out amount will be less than the bet amount. Vice versa, if the chance for the selected bet was 50%, but it increased to 90% at the moment of cash-out, then the cash-out amount will be higher than the amount of the stakes and will almost equal to the potential payout. So a practical example you placed a bet 200 Naira with ten different football team on a single bet slip with varying odds of 1.20/ 2.00 etc. The potential winning 5,000 Naira if nine games won imagine your last match on the bet slip is winning by one goal to Nil 1-0 and you have 10 minutes remaining. You are offered, at this point cash-out option worth 3,000. What are your options at this point? Well, you could accept the cash-out and walk away with a guaranteed 3,000 Naira (even if the team concedes a last-minute equalizing goal). You could also reject the cash-out option if the team went on to win the match and get a guaranteed 5,000 Naira. Or you could also use the partial cash-out option depending on the bookmaker. The same style can be used vice versa.
Best tips and strategies on How to make money with cash out
That’s a million-dollar question how to make money with cash out it is a judgment call when you decide to cash out your bet on a particular bet. Players should know the cash-out feature is also applicable to a potential losing ticket. Meaning, let say you stake a bet of 100 Naira on a single match Manchester City to beat Arsenal only to find out the Gunners are leading City 1 goal to nil (0-1) while it might hurt a little to do this, there might be Cash out option of 30 Naira which will effectively cut losses to 70 Naira depending on the bookmaker although that would become worse if Manchester City came back to win the contest (football match)! The bookmakers will operate in the same way as given you option to make a deal or no deal vice versa. So you will never be offered brilliant cash compare to your actual potential winning, but indeed the cash-out feature is designed either for the player to make a quick buck or to cut potential losses. Only you can decide whether it is the right decision to make or not.
Although, they are three basic cash-outs strategies which include:
Check on Statistics
To avoid any upset, regarding cash out bets as much as you can, it is worth finding out the cash-out tips to take in order to know when the right or the wrong time to cash out, however, it is essential for punters to understand when staking a bet on accumulator bets keep in mind that you try and make sure the last game kick-off time shouldn't clash with the rest of the games. Let's take accumulator bets as an example, let say you have a ten-team accumulator bet slip, nine teams have won, the final game is soon to be underway. The odds of the accumulator bets stand at 70/1, your betting stake 100 Naira. The cash out is currently at 20,300 Naira, if the final result in your bet slip is a win for your accumulator bets then you walk away with 40,300. Which way do you look at this? Do you look at its as its 20,300 Naira from 100 Naira, what comes to your mind, will i walk away with that right now or do you look at it as “Let us go all the way, it's only 100 Naira if I lose its not too bad, whereas if it wins I get 40,300!?. Well our advice to you would probably go safe and take 20,300 Naira. Sometimes it may be worth seeing it out depending on the final game results, but odds like that, the chances are slim it isn't guaranteed. However, a lot of punters in such situation will use statistics to navigate to a decision. Stats could be a table examining when teams are most likely to score or concede in a game, how many goals they've scored and recent form home or against the opposition. Take these stats with as guidelines, and they won't determine the outcome of future results, they are just there to add to creating a reasonable decision.
In play Cashout
The in play cash-out as stated above is a volatile markets, though the right time to check the cash-out service is when the score is in favour of the game stake, and you are a bit nervous the opposition team will level the score. Of course, you cannot predict what might happen next meaning live betting cash-out is a matter of instinct and timing than calculated research.
Cash out on accumulators
The accumulator bet is quite popular and it is one of the most interesting bets to win, imagine staking 100 Naira to win big. So let say you select 5 games 4 has won on your accumulator bet and the last game is a late match. In this aspect you have to calculate the risk is the cashed out amount offered similar or greater than the total profit you’d gain without start of the next match? If it’s equal or bigger, its worth cashing out regardless of the expected profit of your initial bet meaning the amount offered by the bookie does it worth cashing out or not you’ll have to way your options to conclude on a decision.
Types of Cash Out
Cashout feature has been evolving and improving since its early days – kindly find types of Cashout Options listed below:
Full time Cash out
The full time cash-out feature it is the opposite feature of the partial cash-out meaning if you use the full time cash-out you have decide to cashed out the total value of your bets as it is been display on the bookie window. For example, lets say you placed a bets of 10 games and your bet slip is still running and, while some of the selected games on your bet slip have won and you foresee a game might spoil your bets you can decide to use the full time cash-out feature and keep the remaining games on your bet slip void, whereby unlike the partial cash-out were you can take a portion of your winnings an leave the remaining games on active.
Partial CashOut
This cash-out feature might be a bit complex, though it is really easy to understand. A partial cash-out will split your bet into two bets. A cashed out one and a running one, meaning if you click on the partial cash-out button the bookie will gives an option to type the amount you want to cashed and keep your remaining bet running or active.
Note: punters cant cashed out the total amount as the time you were offered partial cash-out. However, the pain of one game spoil your bet slip can be too much to bear sometimes for some punters who worry about a last-minute goal to spoil their bets. It has been known to happen all too many times that last minute of a game in many sporting events have completely turned result on its head either make you or stopped customers from winning a massive amount of money. Majority of bookmakers in Nigeria understand the stress and heartache that punters get from these situations, therefore, offer cash-out availability.
Auto cash-out
It is a cash-out feature that punters don’t really need to go through the stress of studying live betting markets or have your phone or computer around you only you can determined the cash out amount you want. All you need is set the profit value within your current bet and your maximum profit on the market. Then you are good to go. The Auto-cash out will automatically cashed you out when the profits sets hits the desired figure set.
How Cash out works on different bookmakers
We will be covering some of the most popular bookmakers in Nigeria how the cash-out feature works on their betting sites. And on top of it which of the betting markets it can, it is used and when the cash button will be available meaning if a player decides to cash-out.
What is Cashout in Bet9ja:
The Bet9ja cash out feature is available in live-betting and pre-match event meaning during a live event a player can choose to use the cash-out feature if the player is scared that the present event might go against is bet, punters can make use of the feature before the end of the event while the pre-game cash-out feature gives you the ability to collect all your winnings before all the games in your multiple bets have been settled. Though, they are two ways you can use the cash-out feature on Bet9ja either you login to your bet9ja online account select “My Bets” you’ll find the “Cash out icon right at the bottom, or you can also visit the nearest Bet9ja outlets, e.g. Agent Shops or kiosk hand your ticket to the cashier and you will get your pay. It is just simple you don’t need to worry anymore.
Note: The cash-out feature is not available for bonus fund whilst the feature can be used on wide variety markets.
Check our extensive review of Bet9ja betting site here.
What is Cashout in Betway:
The cash out feature on betway is available in live betting for both single and multiple bets. Punters should know when any bets is frozen on betway platform immediately after customers request before the conclusion of the cash-out will be blocked and if the value has changed it will be displayed to the player, and player must then accept if they are happy to accept the change.
Note: Betway has the right withdraw cash out offers without further notification and cash out option is subject to change for any event even if used it for certain event before.
Check our extensive review of Betway betting site here.
Merrybet Cashout:
The cash-out feature is available for live betting event meaning players can make use of this feature before the end of a game. In contrast, Merrybet cash-out feature comes in two different forms they are “Full-cash out and Partial cash-out which punters can make use of the function. How do you make use of the feature we will break it down full-cash-out meaning bet slip that qualifies for full cash out will have the “full cash-out” buttoned highlighted. Clicking on the full- cash-out button the amount cashed out will be credited to your account balance and the bet slip will be treated as won and will not be further processed by Merrybet regardless of the final result of the event. Partial cash out meaning a customer can choose to perform partial cash out instead of full cash-out; all that customer need to do is type the amount that is less than the available full cash-out amount. Once the partial cash out is performed, Merrybet uses the remaining balance to calculate a new stake and possible winning. This allows the customer the opportunity to win more money should they eventually win the bet.
Note: the cash-out feature can be blocked temporarily towards the end of an event.
Check our extensive review of Merrybet betting site here.
Betbonanza Cashout:
The cash-out feature is available during a live event; meaning a customer can withdraw bet before the final whistle of a game all you need to do on Betbonanza platform is to click the cash-out option in your bet slip-here it how it works click on my account icon on top of the page and select Betting History. You will see all your bets, and for open bets, cash-out button and how much customer can withdraw will displayed, if the bet is available for cash out. By clicking on the cash out button, you will immediately receive the specified amount into your Betbonanza account, while the bet slip will indicate that the cash out has been successful. It is simple and easy.
Check our extensive review of BetBonanza betting site here.
Nairabet Cashout:
The cash-out feature is available on live betting (in-play) event, meaning a customer can make use of the cash-out feature anytime during a game even if your team is losing, Nairabet will offer you a cash-out option to make use of in some form of compensation before the match ends. How does it work? Nairabet cash-out amount will be changing as the game goes on like a trading markets as stated above even if the team is loosing and when the match is about ending the cash-out feature will still be available which is not quite popular with bookmakers in Nigeria whilst both in pre-match, you have placed a bets of multiple markets, and some games have won, and you are scared that one team might spoil your ticket, you can as well cash out your winnings.
Check our extensive review of NairaBet betting site here.
Surebet247 Cashout:
The cash-out feature is available on live betting meaning punters can make use of the feature before the end of an event whilst the cash-out functionality come in two different forms meaning full cash out and partial cash-out- how does it work? Full cash-out applies when your bet qualifies; you’ll see a cash-out in My Bets section of your bets slip, showing you how much money you can take as an early payout. All you need is ‘Click the button’ the amount cashed will be paid into your account. The Partial cash out on Surebet247 gives you the opportunity to take a portion of your winnings before the end of an event, and leave the remaining part of the bet active.
Check our extensive review of Surebet247 betting site here.
Betking Cashout:
Cash-out feature is available both in offline (outlets or shops) and live betting (in-play) event, meaning punters can take advantage of an on-going live game all you’ll need to do is click on the icon My Bets and click on the active bet slip to view the cash out value Click “proceed” to cash out and claim your current winnings.
While the offline cash-out, customer can visit any of the Betking agent outlets with your ticket all you need to do is for you to give it the cashier to claim your winnings.
Check our extensive review of Betking betting site here.
Lionsbet Cashout:
The cash-out feature on LionsBet is available on the live betting event as well as a pre-match meaning customer can take advantage of the cash-out feature during the cause of a game and the pre-match meaning if you place a bet in multiple markets and some of your game have won. You are scared one game might spoil your betting slip all you’ll need is to click on the cash-out button to claim your winnings. While they are a partial cash-out feature, customer can decide to take part in the outcome and keep the rest of the result intact. In other words, these unique features allow you to take a portion of your winnings before the end of an event and leave the remaining part of the bet active.
Check our extensive review of Lionsbet betting site here.
1XBET Cashout:
The cash-out feature on 1xbet can be used by all customers for all betting markets. Though, 1xbet offer both full and partial the cash-out option, in which it is applicable to both multiple and single bets. Indeed punters cannot cashed out bet with a small percentage of the events on 1xbet which means if your potential winning is lower than the percentage set by the bookie the cash-out button will not display during the event, and punters should also note that they will not be able to know in advance if the cash-out feature is excluded for a certain event. Therefore punters must stake bet first to know whether the option is available. For punters to know if the cash out betting is provided for that particular event enter your betting history page to check, though the option is only applicable to the most a popular event from the program and not least popular events on their platform.
Check our extensive review of 1xbet betting site here.
Supabet Cashout:
The cash-out feature is available for both single and multiple bet and it is available in live betting market punters should know it is only available for certain soccer live betting markets no other sports has this feature and it is only available for online account. Punters can make use of the cash-out feature which is available in full and partial cash-out meaning a player can cashed out certain amount of money and leave the remaining bet active. Should in case the cash-out feature is not available players, Supabets as the right to remove some of the cash-out feature of some bet slip games. To make use of this service login in to Supabets website click on “MY Bets Section” check the History section of your window bets and it is only available for online customers only. It is that simple and easy.
Check our extensive review of Supabet betting site here.
Betwinner Cashout:
The cash-out feature on the bookie platform is available for both live betting and pre-match game and it offered punters the opportunity to make use of, full and partial cash-out option as well as the single, accumulator bets and system bets meaning for player that stake on one single match can make use of the cash-out feature on betwinner, and for players that like to stake bets on multiple markets or select more games on a single bet slip the cash-out feature is available to take advantage off , and while should in case punter stake with the system bets option the cash-out feature is still available for punters make use of this feature, in which it is not quite common in Nigeria. All you need to use the cash-out service on Betwinner login to www.betwinner.com click on “My Account-Bet History” or in “My Bets” tab on the bet slip. The customer can choose between a full or a partial sale in the bet slip sale dialog window.
Note: The more time a customer spend on a bet slip sale dialog platform once it has opened the greater the chance the amount offered by the bookie to sell that bet slip for will change.
Check our extensive review of Betwinner betting site here.
22bet Cashout:
The cash-out feature on the bookie platform is available for both live betting and pre-match game and it offered punters the opportunity to make use of, full and partial cash-out option as well as the single, accumulator bets and system bets meaning for player that stake on one single match can make use of the cash-out feature on 22bet, and for players that like to stake bets on multiple markets or select more games on a single bet slip the cash-out feature is available to take advantage off , and while should in case punter stake with the system bets option the cash-out feature is still available for punters make use of this feature, in which it is not quite common in Nigeria. All you need to use the cash-out service on 22bet login to www.22bet.com click on “My Account-Bet History” or in “My Bets” tab on the bet slip. The customer can choose between a full or a partial sale in the bet slip sale dialog window.
Note: The more time a customer spend on a bet slip sale dialog window once it has opened the greater the chance the amount offered by the bookie to sell that bet slip for will change.
Check our extensive review of 22bet betting site here.
Conclusion
The eventual decision to cash out can only come from you. It is whether you want to play safe or go for the jugular. Tips and strategies are there to guide you, but they won't guarantee that decision you have made will be correct. But they will help you with that extra confirmation when you are really unsure what to do. Nigeria betting companies have done all they could do to encourage you to use the cash-out feature (also on their betting apps) and it is better to win you something than possibly nothing, In some cases, you will not lose a massive value of your bet by cashing out, it is all dependent on the amount of the bets placed and the original stake. Cash-out betting is an excellent addition to online betting.
Although, I will provide you an extensive review on popular bookmaker’s cash-out functionality. Practically, each bookie cash-out features varies, meaning some bookie cash-out service display when your bets qualifies while I will explain the term full cash-out and partial cash-out, to Auto-cash-out and pre-game and live betting cash-out service as well as tips how to make money with cash-out, how to calculate, and strategy.
