One of the features punters stand to enjoy with Betway is the Betway cash out offer. Here is a guide that will show you how to use this amazing feature on the website.
Betway Cash Out Offer Explained
Betway provides a cash-out offer that allows users to take an early payout on their bets before getting settled. As a result, punters will get to either take profit or a portion of their initial stake, depending on how their selection is doing at the time.
Players will usually see the amount the betting website is offering at each time of the game. Betway usually bases the amount offered on the actual odds at the time players want to cash out. As such, the amount available to cash out will never be up to the total potential win on the betslip.
However, there could be moments when the cash-out option is unavailable, especially when the game is about to end. There are three possibilities for using the cash out offer. We have elaborated on them below.
Single Bets
Betway users can use the cash out offer Betway on their single bets. They can do this to take their payouts early or get back a part of their initial stakes.
For instance, if you wager R100 on Team A to beat Team B with 2.50 odds, you are expected to win R250 in return. Assuming Team A scores and leads 1-0 in the second half, you would be edging towards winning your bet.
At that point, Betway could give you the option to cash out R180. If you decide to take this offer, you will be taking control of your bets. Players opt-in for this option because Team B could eventually equalize before the end of the game. Taking the cash out option will help you reduce the risk of losing.
Also, there could be moments when Team B scores first. Betway could offer you a part of the R100 initial stake so that you do not lose it all. Players could sometimes decide not to use the option, hoping that Team A would eventually win before the end of the game.
Multi Bets
Betway also allows users to use the cash out offer Betway on their multi bets to claim a part of their potential win before the end of all the games. For example, you can wager a multi-bet of 5 games with a total odds of 15.00 odds. If you place a stake of R100 on it, it will give you a potential win of R1,500.
Assuming three games have already gone your way and you are not sure of what would be the outcome of the other two games, you could decide to cash out your bets. Betway could offer an R600 cashout at that point. The cash-out option will also be available after the first game, second game, and fourth game. So, you could use the offer depending on the odds at the time.
On the other hand, you could also wait for the remaining two games to start and use the cash out offer if available as the game proceeds.
Cash-Out Before Kick-Off
If you had placed an R100 stake on Team A to beat Team B at 3.00 odds, your potential return would be R300. However, you could decide you don’t want to wager the bet any longer for different factors.
In that case, Betway would allow you to use the cash out offer before the game begins. So you can get a part of your initial stake back.
How to Claim Betway Cash Out Offer?
Claiming the cash out offer is seamless. The option is readily available for users when they wager on any bets, including single and multi bets. Follow the steps below to claim the cash out offer Betway.
- Visit the Betway website and register an account using the Betway sign up code (if one is available).
- If you already have an account, log in.
- Select your games and enter your stake in the betslip to wager your bet.
- Then wait until the games start to use the cash out offer as described in this guide.
- You could also cash out before the game begins.
Betway Cash Out Offer FAQs
We answer some common questions about this offer here.
The cash out offer is available for all customers of the betting website, including new and existing customers.
Betway calculates cash outs based on the odds at the time of the game. In turn, the odds are based on the current status of a game. For example, if the team you wagered on is winning, you would expect your cash out to be just a bit below your potential wins. However, your cash out will be quite low if your bet is losing.
What is Betway single bet?
Bettors can also wager on multiple bets by wagering on more than one game at a time. For this, a player must choose at least two games to qualify the bet as a multiple bet. Also, Betway allows users to cash out their multiple bets.
You can cash out on Betway as much as possible, but you cannot cash out up to your potential wins.