How Does Cash Out Work?

So how does Cash Out Work? Well fear not, we’re here to help answer your questions on how this fantastic feature works.

Which Bookmakers in South Africa Offer Cash out?

Currently only Betway, Sportingbet and Sunbet offer cash out to punters.

How does cash out work?

With Cash Out you no longer have to wait for your bet to finish to collect your winnings. Choose the bet you want to “Cash Out” and you’ll be paid the amount offered immediately regardless of your original selection. Not all markets have the cash out function but the main ones do. If you are not sure if your bet will have cash out then ask the bookmaker. If you’d like to know more about Betway’s cash out read this guide.

Why Cash out is awesome

Cash out allows you to take a profit if your selection is doing well, or minimise any potential loss should you think the bet is unlikely to result in a win. This means you can cash out if your bet is winning or even losing.

Waiting on one more result to come in for the big accumulator but don’t fancy your chances? Choose the bet you want to Cash Out and you’ll be paid amount offered immediately regardless of your original selection.

Cash Out’s are made in real time and your Cash Out offer will reflect live market prices so the bookmaker calculates what the payout is without that leg or at the current price, shows you the price and pays you at that price if you decent to cash out.

Where can I use Cash Out

South Africa does only has one bookmaker that offers cash out, that bookmaker is Sportingbet. It works fantastically well on both mobile and desktop, we know as we’ve used the cash out feature several times. You can sign up for Sportingbet here.

Cash Out Examples

To cash the above bet out you can simply press the Cash Out button. The closer your bet is to winning the higher the cash out amount will be.

More about Cash Out

Cash out allows you to get money back on your bet before the event you are betting on is over. The amount of money you get back is determined at the time of cashing out and will depend upon the current likelihood of the bet winning – so it could be greater or less than the initial stake.

This option is normally offered as part of in-running betting, also known as in-play or live betting. This is betting while the event to which the bet relates is actually taking place. Examples include, placing a bet on a horserace while the race is being run or a football match that has already kicked off. The availability of cash out will vary from bookmaker to bookmaker.

Cash out offers are subject to live betting markets which can be volatile during a sporting event and increasingly so in the final stages. Given any cash out offer is determined by the current live market prices (which are subject to time delays) it follows that the available offer will itself be increasingly volatile as the likely outcome of the event becomes potentially clearer. As the likely chances of winning change, an offer for cash out will increase, decrease or be removed altogether. Source.

Here are some Cash out FAQ’s from Sportingbet

How to Cash Out:

1. Log into your Sportingbet account.
2. Navigate to the “My Bets” tab in the Bet Slip. Here you will see a list of your bets that you can Cash Out.
3. Click the green “Cash Out” button on the bet you wish to Cash Out.

Cash Out available on Mobile?
Yes. Cash Out is available on on our Mobile product.

Bet Types can be used for Cash Out?
At this stage, Cash Out is available for certain markets on Singles, Doubles, Trebles and Accumulator Bet Types.

Are All Bets Available For Cash Out?
Cash Out is only available for selected sports and markets at the traders discretion. Bets should not be placed with the sole intention to Cash Out, as availability is never guaranteed.

Cash Out request not successful?
Cash Out offers are not guaranteed. If there is a movement in the underlying market prices, this can result in your Cash Out request being unsuccessful. In cases where a cash out request is unsuccessful, please wait for a new Cash Out value to appear automatically and try again.

Cash Out says Suspended?
There are several reasons why Cash Out may be suspended. The most common reasons are;

1. The event relating to that bet is not being offered in-play.
2. Something has happened that has forced us to suspend betting, for example a goal or a sending off. When betting is suspended for any reason, cash out on that market will also be suspended.

We hope we’ve answered your how does cash out work question, best of luck with the accumulators!