Betway is one of the largest and most successful online gambling establishments in the world. Internationally-acclaimed, Betway Sportsbook offers cutting-edge betting options for customers in over a hundred countries. Betway has it all, from live-streaming to exotic markets, in-play bets and even cash out features.
- Betway Jackpot Cash Out 2020
- Jackpot Cash Casino
- Betway Jackpot Cash Out Casino
- Betway Jackpot Cash Out Options
Still, you can’t benefit from that which you don’t understand. Making good use of this abundance of options requires a firm grasp on them. You may have spotted the “CASH OUT” option here and there when browsing Betway betting markets. But do you really know how to use it? Below, we’ll answer all of your questions about the cashout feature at Betway.
How to get Betway Kenya bonus 💥 Betway jackpot bonuses Kenya ⚡ Benefits of using Betway Kenya bonuses ⭐ Betway jackpot bonus advantages 🚀 Betway welcome bonus. A lucky Ghanaian punter has won the biggest sporting jackpot in the country's history after placing a GHC 4 bet on European football matches. Betway Review Betway is one of Europe’s biggest and most famous betting sites with over two million users. Betway offers users an extensive variety of odds not excluding casino and poker games. How to advantage at the casino The Iowa Lottery is a state-run operation that is a member of the Multi-State Lottery Association, but I didn’t want to wreck the machine. It is outstanding, casino. Jackpots at Betway. A life-changing sum of cash could be a Jackpot entry away. We have four excellent options available to our customers, with a choice of Correct Score and Match Result Jackpot bet types.
Basics Of Bet Settlement
First up, let’s review the fundamentals of betting and bet settlement.
In a typical pre-match wager, you check a betting market and Betway will quote you the current odds. Next, you enter your stake, and the system will inform you of your possible payout. For instance, a stake of €/$/£10 at odds of 2/1 has a potential payout of €/$/£30.
Once your stake’s in, your bet can’t be altered; you’re in. All that remains is waiting out the result of the match. If you change your mind and want to walk away from a wager, you’re out of luck. Once the event is over, your bet is settled, depending on the outcome.
For a typical in-play wager, things aren’t much different. Betway will quote you the current odds for a betting market. Enter your stake, place your wager and wait it out. The bet is placed in-play, but won’t settle until the match ends.
Exceptions include special wagers, such as a partial result at half-time. That’s the gist of bet settlement. Simple enough, right? Let’s now add cashout features to the equation.
Markets with cashout features defy these rules. You can recognise them easily, as they are visibly labelled as “CASH OUT” markets. Up next, we’ll go over how cashout works at Betway.
How Cash Out Works
Betway is among a select group of online bookmakers with cashout features. The Cash Out feature lets players take full control of their placed wagers in real-time. In essence, cashing out means that you walk away from a bet before it’s settled.
Let’s use the example above to illustrate all of this. Say your €/$/£10 bet at 2/1 odds is on Team 1 in a football match. The market in question was labelled “CASH OUT” and, thus, your wager has a cashout option.
If Team 1 scores a goal, the odds of your bet winning increased. Therefore, you could cashout your wager and get €/$/£20, for instance. It’s less than you’d get if you waited until the bet settled, sure, but it eliminates any risk. There’s no need to worry about Team 2 making a sudden comeback.
On the other hand, if Team 2 scores a goal first, your bet is likelier to lose than it is to win. Therefore, if you cashout, Betway might reimburse you €/$/£6, for example. It’s less than you staked, but more than you’d end up with if Team 1 loses.
This can come in handy in several different scenarios. For example, once a match begins, you might have second thoughts about your selection. Maybe you’re feeling uneasy about the prospects of your selection after seeing them out on the field. Whatever the case, cash-out allows you to walk away from the wager with at least a portion of your stake intact.
On the other hand, a wager that’s currently winning is still at risk of becoming a loser. If the score is going your way, then you can secure your winnings before anything goes awry. In short, cash out is an eject button for your wagers.
Cash Out For Single And Multiple Bets
There are some differences between cashing out a single bet and cashing out multiple bets at betway. As a reminder, single bets are wagers on the outcome of individual events. Multiple bets compound several events into a single wager, depending on the outcome of each event.
Our example above illustrates a single bet cashout. As your wager’s chances of winning increase and decrease, so do the cashout feature’s payout. You can end up with more, or less, than your initial stake.
Things are a bit more complicated with multiple bets. Let’s say you place a €/$/£10, 5-leg multi bet, at odds between 1/4 and 1/5. Total odds come out to 17/9, so you stand to win €/$/£28.9, stake included. Your first two legs win, but you’re feeling uncertain about your third pick.
Betway Jackpot Cash Out 2020
If you choose to cash out, then your payout will depend on the odds of the remaining legs. For example, you might be offered €/$/£14, or a net win of €/$/£4. You could ride it out for the full €/$/£28.9, risking a total loss in any of the remaining three markets, or you can simply cashout and secure your modest winnings.
Additionally, you can wait for the subsequent legs to be in-play. Events may offer cashout features even while in-play. With Betway’s cashout feature, the choice is completely in your hands. Whether you’re placing single or multiple wagers, cashout features give you more options.
Partial Cash Out from Betway
Another unique feature available at Betway is the partial cashout. Partial cashouts work much like regular cashouts. The difference is that you don’t actually take your entire stake out of the wager. You cash out a portion, with the remainder staying in the game and opting for a payout at full odds.
Here’s how it works. Let’s say you wagered €/$/£20 on Player 1 to win a tennis match, at 4/5 odds. You stand to win €/$/£36. The match is going your way, with your player ahead by two games. If you choose to cash out at this point, you might be offered €/$/£28, for instance. This would secure a net profit of €/$/£8.
However, if you opt for a partial cashout, things could be different. You could cashout half your wager (€/$/£10), receiving €/$/£14 (net profit of €/$/£4). Your other €/$/£10 could stay in the game, allowing for a possible payout of €/$/£18.
When a market allows for partial cashouts, you’ll find the feature inside the Cash Out interface of Betway. A slider bar will allow you to fine-tune just how much you want to cash out. It will also inform you of the potential payout for your remaining stake. This adds a layer of choice for players, making your wagers that much more flexible.
Betway Cash Out: The Fine Print
Like any feature in Betway, the cashout option has its own fine print. Players must pay close attention to Betway Sportsbook’s cashout rules.
- First of all, the Cash Out feature will only be available in specific betting markets and events. They can be identified by the Cash Out icon. This can be a text label or a cash symbol, depending on your location and platform.
- Pre-game and in-play betting markets may both offer cashout.
- Cashout can be used on single, multiple and system bets as well.
- You can check out the cashout options that are currently available for your wagers in the Cash Out tab of the My Bets module, in your account page.
- Keep in mind that Betway doesn’t guarantee that the feature will be available at any given time, even during designated events.
- The feature may be suspended for several reasons, including key turning points in events. At these times, you won’t be able to cash out your wager.
- In a multiple bet, one leg having cashout suspended will suspend cashout for the entire wager. When cashout is available, pressing the button will instantly process your bet settlement.
- You’ll receive the exact payout offered in the interface before confirmation. You can’t reverse a cashout under any circumstances.
- While you can cashout free bets, free bet stakes will not be returned. Therefore, players will only receive the cash portion of the cashout offer.
- Cashed out bets also don’t count towards wagering requirements for Betway promotions.
Betway Cash Out: Pros and Cons
So, you’re holding on to a wager, and the cashout feature is catching your eye. Should you hit the button? Let’s briefly review the upsides and downsides.
- Pros
- Locking in your winnings before the tide turns
- Keeping some of your stake on a likely loss
- Freeing up your funds for wagering on other events
Jackpot Cash Casino
- Cons
- Limiting your potential winnings
- Taking a partial loss that could revert to a winning bet
- No guarantee that Cash Out will be available at a specific time
Final Recommendations
All things considered, there are good reasons to cash unsettled wagers and solid reasons to stay in the game. It’s a deeply personal decision, and only you can make that call for yourself. That said, having the option provides you with tremendous flexibility.
At the end of the day, having greater control over your wagering can only be a good thing. That’s definitely a point in favour of Betway. Many operators don’t implement any sort of cashouts for unsettled bets, so it’s nice to find it here.
Betway offers you Early Cash Out, your chance to cash out before or during the game. Why? Because we know things don’t always go to plan, you can change your mind or your team could let you down, we want to put you in control of your bets. This means you can take a payout on your bets before they are settled, this allows you to claim back a portion of your bet if things are going badly or a portion of your potential winnings if your Multi Bet is off to a good start.
Betway Jackpot Cash Out Casino
How does Cash Out work?
In order to understand how Cash Out Works we think it would be best to take you through some scenarios where this feature would benefit you.
The single bet scenario: you place a bet of 10 on Team A to beat Team B with odds of 1.8 your potential win is 18.
- Team A score first and are now in the lead, this has increased your chances of winning your bet. You could be offered a cash out total of 14, this is a profit of 4 if you cash out early or you could wait to see if you win the full 18.
- Team B score first and are now in the lead, this has decreased your chances of winning your bet. You could be offered a cash out total of 6 this is less than your original bet but if you don’t cash out now you could lose the entire 10 staked.
The Multi Bet scenario: you place a Multi bet of 10 on five games with the odds of 3.5 your potential win is 35.
- You win the first three rounds of your bet but, doubt starts to creep in and you don’t have much faith in your last two games. Depending on the live odds you might be in line for Cash Out of 20. You can take the Cash Out and make a profit on your original wager, or you can wait and see what happens with the last two games.
- There is also the option for the final two games to start and you can check to see if you have a Cash Out offer mid-game depending on how the games progress.
The “change my mind” scenario: you place a bet of 10 on Team A to beat Team B with odds of 1.8 your potential win is 18.
- Maybe the star player is injured before the game or your gut is telling you, you made the wrong prediction you can check to see if you have been offered a Cash Out before the game. The Cash out offer will never be more than your initial bet in this scenario but at least you can claw some of your bet back if you think you may lose.
Betway Jackpot Cash Out Options
Once you accept an early Cash Out offer your bet will be settled and closed, it will no longer appear on your Open Bets. Betway does not always guarantee a Cash Out offer you will need to check if one is on offer.