An analysis of the top bookmakers with cash outs. We shed light on what cash outs are, how to place them, and tips for using cash outs effectively.
Cash Outs have become one of the most valuable betting features in sports betting as it allows you to settle a bet before the event concludes, ensuring that you either secure a profit, minimise losses, or cancel your bet before kick-off. Cash Outs have surged in popularity in South Africa due to our strong sporting heritage and culture, and the ease of access to mobile betting platforms. This article was created to provide an overview of the best betting sites that offer Cash Outs in South Africa. Read on to learn more about Cash Outs and how to Cash Out, which betting sites offer Cash Out, and tips to use Cash Outs effectively.
What is Cash Out?
Cash Out is a betting feature that allows punters to settle their bets before the event ends. Instead of waiting for the event to unfold, punters can mitigate a loss by accepting a payout that is calculated by the bookmaker based on the current odds. While Cash Out is mostly used in live in-play betting, which we discussed in our Live Betting Article, it can also be available for some pre-match bets, particularly in accumulators.
The Cash Out feature provides a safety net for punters and can either ensure they leave with a profit or eliminate the risk of a late game change spoiling their bet. For instance, let’s say you place a R100 bet on Orlando Pirates to defeat Mamelodi Sundowns at odds of 3.00 at Betway. If Pirates take the lead by a single goal around the 60th minute, the likelihood of your bet being settled as a win increases, and your Cash Out value would be around R220. You will have the choice to either secure a guaranteed R120 profit or wait for the match to end, hoping that Pirates will maintain their lead.
However, there is also the possibility that Sundowns takes the lead, which will make it more likely that your bet will lose. In this instance, your Betway Cash Out value will be lower, at around R40. You can either take the R40 to ensure you do not lose your whole stake, or hope the game changes and Pirates make a comeback. This flexibility in Cash Outs can help protect potential profits or reduce possible losses.
There are several variations of the Cash Out, with the one discussed above being the simplest form, which is the Full Cash Out. Full Cash Outs allow your entire bet to be settled early and are useful when you feel that the momentum of the match is turning and your bet could lose. Partial Cash Out provides a middle ground where part of your bet is settled, and the other part remains active, allowing you to still keep some interest in the final outcome of the match while still securing some profit. Auto Cash Out lets you set a specific cash out amount that is automatically settled when reached. This is beneficial if you cannot follow the game, but want to ensure that you settle the bet in a favourable position. You can learn more about the different types of Cash Outs on the bookies’ website, such as the Betway Cash Out Rules page.
How to Cash Out?
Now that we know what Cash Outs are and the different types of Cash Outs, the next step will be how to Cash Out. To place a Cash Out on a bet, you will need to access the My Bets page on your profile page. You can browse the My Bets page to view all the bets placed by you that have the Cash Out option available. Review the Cash Out amount, and if you are happy with the amount, proceed to accept the Cash Out.
Betting sites that offer Auto Cash Out and Partial Cash Out will have sliders on the bets that can be cashed out, allowing you to edit the amount that you would like to Cash Out. Not all bets can be cashed out, and the feature can be disabled during key moments of games at the sole discretion of the betting site. You can read more about which bets can be cashed out on the Cash Out page on each betting site, like the How to cash out on Yesplay webpage.
Best Betting Sites With Cash Out in South Africa
Cash Out has become one of the most valuable tools in modern sports betting, allowing punters to settle bets before an event ends. With the surge in popularity of live betting, it is no surprise that the best betting sites in South Africa offer Cash Outs. The best betting sites in Mzansi that offer Cash Out include:
- Sportingbet is often regarded as the pioneer of betting features in South Africa, as they often are the first bookie to provide new betting features, and Cash Outs are no different. They offer all three types of Cash Outs on singles and multi-leg bets on most sporting codes.
- Betway stands out thanks to their reputation as an international betting site. Betway offers all three Cash Out types on selected sporting codes, with the Betway Partial Cash Out being one of their most popular betting features.
- Hollywoodbets offers the Cash Out feature only for football betting. Despite being one of Mzansi’s biggest betting companies, they are limited in their Cash Out offerings, as it is only offered for multi-leg accumulators.
- Easybet offers Cash Out on most sporting codes and bet types, with a comprehensive tool to assist you when completing a Cash Out. Please note that Cash Outs are only available if a bet is placed with minimum odds of 1.30.
- World Sports Betting (WSB) offers Full and Partial Cash Out for selected sporting codes, available online or at their branches. WSB has recently offered Auto Cash Outs on selected sporting codes.
Tips for Using Cash Out Effectively When Betting
Knowing when and how to use a Cash Out can drastically improve your chances of making continuous profit with sports betting. However, deciding when to Cash Out is not just about following a golden rule, and more about understanding your bet and the dynamics of the match unfolding. There are several factors that can guide you in claiming a Cash Out:
- Momentum of the Game: If your team is in the lead but you see a shift in the game’s momentum, cashing out could be ideal to secure a profit. There have been many cases where a late goal has cost teams the win.
- Potential Value: Always check if the Cash Out offered is reasonable compared to your potential winnings. If you would not place a bet with the current odds, cashing out may be the best option.
- Risk: If the Cash Out amount is reasonable to you, why take the chance of losing profit by risking your whole stake? Sometimes, taking a small win is preferable when the likelihood of losing is high.
- Betting Strategy: Cash Out is a useful tool for players who prefer securing smaller, steady wins over taking bigger risks of letting a bet ride until the conclusion, which may promise higher rewards.
- Emotional State: Betting is nerve-racking, and it is best not to let your emotions get the best of you. Avoid impulsive decisions in the heat of the moment. If a bet feels uncertain, cashing out can provide peace of mind.
Frequently Asked Questions
Can you cash out a bet before the match ends?
Yes, most cash outs can be claimed before a match ends. However, most betting sites restrict cashout in added time.
Why is cash out sometimes unavailable?
Cash outs can be unavailable when there is a sudden change in the game (such as a goal or VAR) or when the odds in a market become too volatile. Sometimes, bookmakers may suspend a market and restrict cashouts.
Is partial cash out better than full cash out?
This depends on the dynamics of the game. If your team or bet is losing momentum, a full cash out will be better. However, if you feel that you can still win, a partial cash out will allow you to secure a profit while still being invested in the bet.
How to cash out on Betway after winning?
After placing your bet, access the My Bets page on your profile section. Here you can see which bets have the cash out feature available. Use the slider bar to determine how much of your bet you’d like to cash out. Or you can set the amount you would like to cash out, and when the amount hits, it will automatically settle your bet.
