Cash out is a feature that allows bettors to settle a bet early before the final whistle. It is used to lock in profit or minimise losses based on real-time odds and in-game conditions. The availability of the cash-out feature depends on the operator, sport, market, and individual wager.
Cash Out Meaning In Betting
The cash out feature means you can get your money back on your bet at any time during the event you’ve bet on, not when the event is over. The amount of money you get back on your bet depends on the point during the match at which you cash out. Most times, it’s actually less than the money you initially put down.
Cash out is a popular feature offered during live in-play betting by reputable online bookmakers in Kenya listed in our betting guide.
Imagine you bet KSh 500 for Manchester United to beat Chelsea in the Premier League. After 80 minutes, the score is 1-0 in your favour. However, the momentum is shifting with new substitutes, and you’re feeling like a draw is coming. Instead of waiting until the 90 minutes plus stoppage time to lose your bet, you can choose the cash-out option.
How Betting Sites With Cash Out Work?
When you place a bet, the bookmaker assigns a probability to your selection winning. The more the match continues, the probability shifts based on events on the field. Events such as injuries, red cards, penalties, substitutions, VAR reviews, and time remaining influence odds pricing by the bookmaker. Throughout the match, the bookmaker updates their site with new odds.
The cash out value you’ll receive from licensed bookmakers in Kenya at any given moment is a reflection of where that probability is at now compared to when you originally placed the bet.
Here is a simple process of using the cash out feature at most bookmakers:
- Open ‘My Bets’ section of your account
- Find the active wager you want to cash out
- Review the cash out value displayed
- Hit to confirm you accept the offer and settle the bet early
- Check your updated account to verify that funds have reached
It is important to note that the value shown is live and keeps recalculating. If the match changes in the seconds between reviewing the offer and pressing confirm, the amount can change or disappear completely before the transaction goes through.
Types of Cash Out
Every bookmaker introduces their special cash out variant that dictates how you’ll cash out. The most popular cash out features include full, partial, and automatic. Here is a simple breakdown of each feature:
Full Cash Out
A full cash out is the simplest variant that allows the entire bet to be settled early for the offered amount. This comes in handy when you feel there’s a shift in momentum of the match that’s likely to go against your initial bet.
For example, you backed a team to win at 3.00, and they’re leading 2-0 with 10 minutes left. The bookie might offer Ksh 1,800 back on a Ksh 1,000 stake and not the full Ksh 3,000.
Partial Cash Out
The second variant is where part of the bet is settled while the remainder stays active. This allows the bettor to secure a portion of the payout while keeping some interest in the final outcome.
Using the above example, you’re up 2-0, and the bookmaker offers a cash out value. But you feel your team will hold on and want to keep presence in the game. You can cash out half the stocks in a portion of the profit, giving you a chance at the full return if the result goes your way.
Auto Cash Out
An auto cash out gives another added layer of control. This option lets the bettor set a specific payout amount at which the system will automatically settle the bet. This is helpful for bettors who cannot follow the match in real time but want an exit plan once a favourable position is reached.
For example, you decide to stick to a threshold of like Ksh 1,000 or Ksh 1,500. If the cash out reaches that figure during the event, the bet is settled immediately without any action from you.
When is Cashout Available to Use?
The cashout feature isn’t always available on every market at the bookmaker. Its availability depends on the bookmaker, sport, market, bet type, and current event status.
Bookmakers regularly suspend the cash out on different markets during key moments in a match, such as after goals, VAR reviews, red cards, penalties, or other major incidents on the field.
Apart from suspensions, there are other restrictions involving bonus funds, certain markets, etc. Bets placed using bonus funds often don’t qualify for cash out. Some niche markets may lack the cash out regardless of the bookmaker.
Betting Apps With Cash Out
The most popular bookmakers in Kenya come with intuitive mobile apps with a cash out feature. The experience on Android and iOS apps tends to be smoother compared to the desktop site.
You can easily find the ‘My Bets’ section available, values update in real time, and confirming a cash out takes a matter of seconds. Alternatively, some bookmakers without a mobile app have a mobile betting site with the cash out feature.
Practical Cash Out Tips
Finding success with cash out needs understanding the mechanics behind it to take full advantage. Here are practical tips to get the most out of the cash out feature:
Using the cash out feature means you need to actively follow the game to find any opportunities. Some events that can influence your betting decisions include injuries, penalties, red cards, and VAR reviews. These matched events influence game flow and impact value. Reading these game metrics early can help you cash out early before losing out on your bets.
Avoid settling early unless the price makes sense. Match momentum comes and goes in minutes and can swing odds rapidly. Falling for these momentum shifts without weighing the potential winnings from cashing out can lead to early losses. Wait till the last minutes when match events like goals or red cards can fully affect your bet.
Setting an auto cash threshold locks in profits or stops losses automatically without needing to catch up on a live event. This removes emotions that stop you from being greedy or scared at the last minute. It saves time as it closes the bet or positions the second your target number hits.
Most bettors often panic and sell early due to emotions such as panic or excitement. Avoiding emotional decision-making when cashing out sets a clear written path. Define the exact numbers, live events, or targets that must happen before you withdraw funds. Impose a waiting period where you force yourself into a 24-48 hour pause between the impulse to cash out and the actual transaction’s execution.
FAQ
Can I cash out every bet I do?
No. Cash out option is only available on selected markets, specific bet types, free bet bonuses, and with bookmakers actively supporting the feature.
Is cash out available thorugh app?
Yes. Some bookmakers offer the cash out feature through a mobile app available on either Android or IOS devices.
Which betting sites allow cash out in Kenya?
1XBet, 22Bet, and MozzartBet are some of the popular betting sites in Kenya with an available cash out feature.
