This article will introduce you to the Betway Cash Out Feature. If you have been betting on sports for any length of time, probably more times than you can keep track of you have placed bets where you have second-guessed yourself afterward. Even when your team gets off to an early lead and it looks like you have an excellent chance of winning your bet, a winning result is not guaranteed. Many teams can come back from a deficit in the second half of the game and even go on to win. There are also many games where the lead keeps changing hands and until the last few seconds, the outcome is up for grabs.
Betway Sportsbook offers an Early Cash Out alternative that many punters like because it eliminates the uncertainty associated with the outcomes of many games. Waiting two hours or longer for the official final score to finally know if your bet is a winner or a loser can be very stressful. Instead, the Betway Cash Out Feature gives you the option to settle your bet early.
What is Cash Out on Betway?
Cash Out is a real-time bet settlement feature that Betway offers. Cash Out puts you, the bettor, in greater control. Whenever the green Cash Out button is displayed, rather than wait until the game is over and hope for the best, you can opt to guarantee a win or cut your losses early.
More specifically, when the team you bet on has an early lead, you have the option to lock in your win and get paid before the conclusion of the game. Conversely, if the game is not going your way, Early Cash Out guarantees that you will only lose part of your bet, not all of it.
Betway offers the Cash Out option on eligible bets on a wide range of sports and betting markets. The Cash Out icon and the current price are displayed for eligible and unsettled bets listed under “My Bets.”
Payouts vary depending on at what point in the game and each team’s score when you make your request. But keep in mind that if your team is currently winning, with Early Cash Out, you forfeit part of the profit you will make if you wait until the end of the game and you are still a winner. Conversely, if your team is currently losing, Early Cash Out lets you salvage a portion of your bet. Either way, regardless of how the rest of the game plays out, you are guaranteed not to lose your entire wager.
Betway is not the only sportsbook that offers the Cash Out option. However, Betway makes it very easy to use because you can activate it instantly with the click of a button. You also have the option to request either a partial cash out or a full cash out.
How to Cash Out on Betway
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Cash Out on Betway is a convenient and helpful feature only if you understand how Cash Out works at this sportsbook and how to use it correctly. Here are the easy steps you need to follow.
- Sign into your Betway account or open one if you do not already have one
- Place a bet that offers the Cash Out option
- Open your bet slip
- Click on the bet you wish to settle early
- Click on the Cash Out tab to activate the Cash Out option
- Indicate whether you want to cash out partially or fully
- Submit your request
Before proceeding with the above steps, make sure that early settlement of your bet is the action you want to take because once you press the button and submit your request, Cash Out cannot be canceled. Submitting your request will immediately process the settlement of the designated bet with the payout on display.
Betway Cash Out Suspended?
Here are the key terms and conditions to keep in mind. Please note that the Betway Cash Out option is available for many of the bets you are likely to make but not all of them. More specifically, you can use the option on a single bet, multi bets, and system bets. The Cash Out option is also available on both pregame and in-play bets. However, Cash Out cannot be used on any bets that include each-way selections.
In addition, Betway does not guarantee that the Cash Out offer will be available in every instance where availability is advertised and will not be held accountable for unavailability due to technical issues. In these situations, the original bet will stand.
Betway also reserves the right to decline Cash Out settlement under the following circumstances:
- The Cash Out amount is displayed incorrectly
- The amount represents an error in the market
- Betway has good reason to believe that the request was initiated after the outcome of the event was already known
Supported Markets and Sports
The Betway Cash Out offer is available across a very wide range of sports, including the NFL, NBA, MLB, NHL, soccer, tennis, NCAA football and basketball, and other frequently bet sports. At Betway, moneyline, point spread, over/under, and parlay bets are all eligible, as are both pregame and in-play bets. If you see a green Cash Out button next to a particular bet, that tells you that the option is available.
Cash Out vs. Partial Cash Out
Betway Partial Cash Out allows you to use the offer on a portion of your bet rather than the entire bet and leave the rest to be settled after the results of the game (or remaining games on parlay bets) are final. The Partial Cash Out feature can be accessed in the regular Cash Out area. Click on the icon and use the Partial Cash Out slider bar to request the proportion of your bet you want to settle early.
When Cash Out is a Good Strategy
Cash Out is most likely to be a good strategy in a game where the two teams’ scores are close and the result can easily go either way. Even if your team is ahead at the moment, if the opposing team has a strong tendency to come back from behind and do most of its scoring in the second half, by leaving your bet intact, you are taking a big chance. If you let your original bet stand, you might lose your entire bet.
Another time when Cash Out might be a good bet is when a key player on your team gets injured during the game. If he has to leave the game and the backup replacement is ineffective, your bet could be in trouble.
If you bet on the “Over” on a team or game total and receive information afterward that the game will be played in bad weather or that a key player is out, Early Cashout might be a good option. If you have a multi-leg parlay going (i.e., four legs) and the first two are already in the bag, rather than sweat out the results of the remaining parts of the parlay, consider settling your bet early and locking in a lesser win. Otherwise, every leg has to be a winner or the whole parlay goes down.
How Betway Calculates Cash Out
The payout is calculated based on the amount of your bet multiplied by the latest odds. For example, let’s say Team A is playing Team B and you have a $50 bet on Team B at +150. If Team B is currently leading, you might be offered slightly lower odds of +130. This means that instead of letting your original wager stand for either a potential win of $75 or a potential loss of $50, you win a guaranteed $65.
Are There Limits to Betway Cash Out?
The minimum wager for which Betway accepts Cash Out is $10. There is no set maximum, but requests for very large withdrawals may be subject to additional verification requirements.
Other Areas to Remember When Using Betway Cash Out Feature
Betway permits Cash Out on a wide variety of bets, and many situations will arise when you might be tempted to use it. Whether or not to accept the Cash Out offer is a personal decision that can work either to your advantage or disadvantage. However, it is nice to know that it is frequently available because it gives you a lot of flexibility in the settling of your bet.
The main advantage of the Cash Out feature is that it gives bettors greater control over the outcomes of their wagers. Sports betting, like any other form of gambling, always entails some degree of risk, and no bet, no matter how solid it might look on paper, is guaranteed to win. However, Early Cash Out reduces the risk. In that respect, it is frequently a viable option for sports bettors working with a limited bankroll.
Many unpredictable things can happen that can alter the course of a game, but with Betway Cash Out, you do not have to worry about the final score. Even if your team loses, part of your bet is still protected. As long as your team is winning at the time you settle your bet, you are a winner, too, even if the team ultimately does not win the game.
Even if your team is behind when you settle your bet, the outcome is not as bleak as it could be. While you will still lose money on your bet, it will not be for the full amount of your bet.
One disadvantage of using the Cash Out feature is that if you hold off and let your original bet stand, it could be a winner, in which case the payout will be bigger. Early Cash Out reduces your profit potential. Even if your team is losing early on, it could come back and win.
Another factor to consider in deciding whether or not the Cash Out offer is worth accepting is whether or not the odds are high enough. You can get a better idea of whether or not you are getting good odds by looking at the odds that other sportsbooks are currently offering on the same bet. As a general rule, you will receive a better rate of return by accepting the Cash Out offer before the game starts or early in the game than by waiting until late in the game. If you wait until very late, at some point, the option might no longer be available at all.
Cashing Out Your Betway Winnings
Accepting the Betway Cash Out offer allows you to withdraw those winnings immediately. Betway offers all of the following quick, easy-to-use, and secure withdrawal methods:
- Mastercard, Visa, and Discover credit and debit cards
- VIP Preferred ACH Transfer
- Betway Play+
The minimum withdrawal is $10. Processing time varies with the method. The fastest methods are e-wallets (Paypal, Skrill, and Venmo), generally taking just 24-48 hours. Other methods such as credit and debit cards and bank transfers can take several business days. Also, allow extra time for very large withdrawal requests.
Betway itself does not charge customers a fee for withdrawals. However, some of the providers it uses such as Skrill do charge a fee.
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Is Betway Sportsbook available in my state?
Betway is an internationally recognized brand that has been in existence since 2006. It is not only one of the top betting sites in the UK but now also operates legally in many other countries, some of which include Italy, Spain, South Africa, and the United States (select states). The US states where Betway is currently available include all of the following:
- New Jersey
Two states, New Jersey and Pennsylvania also offer Betway casino games.
I do not have a Betway account. Can I still use the Cash Out option that Betway offers?
Cash Out is only open to registered Betway account holders. However, if you are not already a customer but have access to sports betting in one of the above-listed states, you can use our convenient link to sign up. As a new player, you can claim Betway’s generous welcome offer of up to $250 back in bonus money if your first bet loses.
Your initial bet and any bonus funds you receive thereafter are not eligible for early Cash Out. However, once you have made your first deposit and satisfied the wagering requirements, you can use the Cash Out option on any qualifying bet that displays the logo showing that the option is available.
Can Betway Cash Out be used on mobile devices?
Yes, the same functions that you can perform online, including making deposits and withdrawals, checking lines, completing your bet slip, and accessing Cash Out and other special offers are also available on supported iOS and Android mobile devices.
Can Betway Cash Out be used with live betting?
Yes, as long as you see the green button indicating that Cash Out is available, punters can use the feature on live bets, too. However, acting quickly is imperative because the odds can change in a heartbeat.