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This is How the Betway Cashout Works

This is How the Betway Cashout Works

Betway has stepped up to the plate and offered their customers a cash out option. They are only the third bookmaker in South Africa to do that, and the other two are Sportingbet and Sunbet. This is fantastic news, but users still might need a bit of help to figure out how this actually works. So, this is a simple guide on how Betway cash out works.

What is Cash Out?

Cash out is a feature that allows players to settle bets before the game has ended. Many betting companies offer this feature to their customers, and now cash out feature on Betway is possible as well! Customers could perform the cash out themselves, but now it's more convenient to do it at the push of a button, and let the software do the work for you.

There are two scenarios where you can use a cash out. One is when your bet is very close to being a winning one and then you decide to have your money early and do a cash out. The other scenario is when the bet is very close to being a losing one and you decide to recover back some of your money and potential losses.

If your bet is close to being a winning one you can select the Betway cash out option, and their software will offer you a specific amount to cash out. This amount is usually smaller than the original profit, but it depends on the odds and how much of the game is left until the end. And once you choose the cash out option, the money will be transferred to your betting account no matter what the outcome of the rest of the game will be.

In case of your bet being close to a losing one and you would like to protect some of your betted money, then the cash out amount offer will always be smaller than the original stake. This option simply gives you the chance not to lose all of your money if you've bet on the wrong team. However, if you've cashed out before the end of the game and the losing team ends up winning, then you're out of luck because you will get that less amount of money you've cashed out before the end.

How to know if cash out is available on your match?

Ever since the cash out feature has been implemented, there have been some minor changes in the display of Betway's market. This is simply to help punters identify which matches have the cash out feature, and which don't. Those matches that offer cash out options will have the green “CO” button next to them which will help you see if this feature is available and to know how to plan your bets.

How to cash out a bet?

Once you've picked your match and you have made sure it offers cash out options, you can proceed to deposit and place your qualifying bet at Betway. To do this, head to My Bets and look for the bet you have placed. There, you will see a cash out button along with the amount that can be cashed out for the pending bet. However, you need to remember that this amount will change while the match is still lasting, and it can also change before the match even started.

The cash out feature is a nice addition to Betway. This makes things much easier when it comes to betting and it allows you to secure a profit or save some of your betted money if your team is losing. However, make sure to carefully keep track of the changing amounts and think twice before cashing out so you don't lose too much.

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