Hollywoodbets first started as a publisher and distributor of race cards in South Africa. It forayed into bookmaking in 2000, opening its first shop in Durban. Now, in addition to betting shops, it accepts bets on its website, both desktop, and mobile, as well as call center and USSD. In 2019, it was ranked 8th among the Top 50 Gaming Sites Worldwide by the iGaming Business Magazine. One of the various exciting offers that Hollywoodbets offers to its players is the Cash Out option. What is Hollywoodbets cashout?
Read on to find out.
What is Hollywoodbets cashout?
The cash-out option gives bettors more control over their bets, and they can opt to receive an early pay-out before the bet is settled and the event is concluded. Players betting on any soccer leagues or markets can use the cash-out option. However, in order to qualify for cashouts, the first leg has to result in a win.
The value of the cash out bets is determined by the odds prevailing at the time of cashing out, and keeps changing with time. The value is non-negotiable and players must accept the value offered by the betting sites.
Other terms and conditions
The cash-out option is currently available only for customers placing bets on the mobile site and for all soccer leagues and markets.
The cash-out option is not available for single bets, or when the match included in the multiple is currently in play.
If the value of cash out changes while the transaction is being carried out, the transaction is blocked, and the revised value is offered to the player, which must be accepted before proceeding further.
What is Hollywoodbets cashout? Bookmakers are known to benefit significantly from cashouts. While there are chances of losing out on value bets, it gives the punters an opportunity to secure their winnings.