The cash-out option is standard across some of the best online casinos and bookmakers around the world. Betway and Bet365 are two of the best-known names that offer this feature. How does cash out on betway work? Let us try to help you figure that one out.
How does cash out on betway work?
Cash-out is a feature that allows you to take your money even before the bet has been settled. The amount of money that you will receive depends on the likelihood of you winning that bet and so the amount could be more or lesser than your initial stake. The UKGC approves of this feature and considers it player-friendly.
The idea is that you can opt-out of the bet at any point in time.
You can use this feature to try and cut your losses or to book any profits.
We like having this freedom and so recommend that our readers learn about it. It should be used with a bit of caution, though, as you are sacrificing returns and odds by using this option too often.
Consider this example:
You place Rs.1000 on a multiple bet picking three winners in the English Premier League. At half-time, the three teams that you have picked are winning 1-0. You are being offered a cash-out value of about Rs.8,000. If you stay the course and win your bet, you could win Rs.12,000.
You have to consider whether you want to risk the situation changing in the second half or just cash out right now so that you are not affected by whatever happens next.
Everyone has a different risk profile and you may think that a change in the contest is around the corner. Book your profit and move on.
How does cash out on betway work? Just look for the cash-out option at the bottom of your bet slip and click on the button to check its value at any time before the bet is settled. It is very easy to use.