How to Cash Out on Betway South Africa

Have you ever placed a particular bet on a team only to find out the star player is injured and wished you could cancel it? Perhaps you had doubts as to whether the team you backed would be able to hold on to the lead and win your bet?

If your answer to either of these questions is yes, then you will love using Betway’s Cash Out offer, as it allows you to take an early payout or Cash Out on your bets before they are settled, meaning you are able to get some or all of your money back before the event is over and your bet is ultimately resulted. In this guide we are going to be having a closer look at how to use Cash Out and what you can use in on when betting with Betway SA.

What is Cash Out?

When using a feature like Cash Out. you’ll either make a profit, or get a portion of your initial bet back, depending on how your selection is doing at the time of your taking up the Cash Out. If your selection is winning you can expect a higher cash out return, but if they are not doing too well then you can expect a lower cash out return.

The cash out amount you will be offered will reflect in your My Bets tab and will be based on the actual odds at the time you chose to look for a Cash Out offer. So if you backed Chelsea to win the match and they are 2-0 up then the cash out amount will be high, however should the Blues be drawing or losing then don’t expect a high cash out offer. The amount on offer will never be more than the total potential win of the betslip.

Why use Cash Out

  • Pay out a portion of a bet before it is settled
  • Reduce your risk and collect some winnings if you’re concerned about the remaining time in an event, or your selections in your Multi Bet not going as you have hoped for
  • Cancel your bet before kick-off and get a portion of your bet back if you’ve changed your mind

How Cash Out Works at Betway

Single Bets

You place a Single Bet of R10 on Team 1 to beat Team 2 at odds of 1.8 (where you stand to win R18):

  • Team 1 scores to lead 1:0 – this increases the chance of you winning your bet, so we may offer you a Cash Out of R14. You can either choose to take the R14 (your bet, plus a profit of R4) or wait until the end of the game and hope that Team 1 goes on to win and you win the full R18.
  • Team 2 scores first to go 0:1 up – your bet is less likely to win. Betway may offer you a Cash Out of R6, meaning you can either accept the Cash Out offer and get R6 back, or stand the chance of losing your entire 10 if Team 2 go on to win the game.

Multi Bets

You place a Multi Bet of 5 games to the value of R10, with total odds of 3.5 (where you stand to win R35):

  • You win the first 3 games but are unsure of your selections in the remaining 2 – depending on the odds at the time, Betway may offer you a Cash Out offer of R22. Your options are to either cash out before the last 2 games start, having won an extra 12 off your initial bet, or hope the other 2 events win and claim the full R35.
  • You could also wait for the remaining games to begin and check to see if a Cash Out offer is available mid-game, depending on what is happening in the game.

Change your Bets

You place a bet of 10 on Team 1 to beat Team 2 at odds of 1.8 (where you stand to win 18):

  • If you decide it was not a good bet for some reason, you may be offered an early Cash Out before the game has begun. This offer will allow you at least to get something back on a bet you think might lose.

Please note: in all of these scenarios, once you choose to accept a Cash Out, your initial bet is considered settled and closed and will no longer appear in your Open Bets. At this point you won’t have the chance to win anything else off that bet. Betway does not guarantee to offer a Cash out offer at any time or on any gameTerms and conditions apply.

Betway Cash Out Problems

If you have any other questions about the Betway Cash Out offer, you can get in touch with the friendly Betway Support Team via one of these options:

Betway

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