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How can you trust us?
At ClubSport, we take a close look at sports sites to make sure they're good for you, the bettors. More factors go into our list of top bookmakers than just Cash Out options. In addition, we focused on the quality of the live service, which makes it possible to offer the feature in niche markets. We're serious about suggesting only the best bookies because our reputation is at stake. After we present you with multiple options, you make the final decision.
- Approximately 30 sports
- Indicators for Cash Out & a Bet Builder
- Good selection of payment methods
- Fees for certain deposit methods
- No live video streams
The first deposit: a 100% bonus up to ₦100,000 (the min deposit is ₦100). Enter the code FIRST100 within 7 days. The wagering requiement is 10x at odds of 1.85+ and the max stake is ₦10,000 or 20% of the bonus, to be completed within 30 days. The second and third deposit bonuses: 100% up to ₦30,000 and 150% up to ₦10,000, respectively, both to be wagered 6 times within 14 days. The offers can be activated via email/SMS invitation.
- Wide selection of outright bets
- Free prediction contest with a large jackpot
- Video streams of top football leagues
- Payments up to ₦40,000,000
- No welcome bonus for new users
- The iOS mobile app is unavailable
- High odds Special bets available
- Unique outrights for the UFC
- Multi-Live feature
- Max stake limitations for successful bettors
- Support responds slowly to email
Register and fill in your personal details in 'My Account'. Deposit a minimum of ₦400 to activate a bonus of up to ₦145,600, credited automatically to your bonus account. Your deposit size determines the bonus: 200% for up to ₦20,800, 250% for ₦20,801 to ₦41,600, and 300% for deposits over ₦41,601. You have 30 days from registration to wager the bonus as per the terms and conditions.
- Full & Partial Cash Out
- Regular Boosted Odds
- Bet Builder feature
- No Welcome bonus
- No Streams
- Complicated Navigation
- Top-level coverage for top-level football
- Prediction competition
- No Streaming
- Few Payment Methods for Nigeria
- Limited Support options
Register at Parimatch, opt-in for the bonus, and deposit at least NGN100 to receive a 120% bonus. Bet 12 times the bonus value on multi-bets with minimum odds of 3 within seven days to withdraw winnings.
How to Choose the Best Cash Out Bookmaker
There aren't really that many criteria for choosing sites with the early bet closure function, but they are all important. Below are the essential factors to consider:
Available Types
These include Full, allowing the complete withdrawal of a bet, and Partial, enabling bettors to retrieve a part of their stake while keeping the remainder active. Rarely an automatic buyout is an option.
Best by that criterion: Betway
Number of Live Events and Markets
The application of early bet settlement is most frequently used in live betting scenarios. Therefore, the breadth of sports and betting options available live is a vital consideration. More live betting options mean more chances to place bets and subsequently more opportunities to close wagers early if the situation calls for it.
Best by that criterion: 1xBet
Markets Indication
The clarity and indication of markets with icons or text that are available for Cash Out are essential. Bettors should easily identify which markets and bets have the option before placing their bets. Clear market marking tells you what you can count on.
Best by that criterion: BetBonanza & Betway
Understanding Cash Out Betting
To fully grasp the scope and utility of the feature, let's explore various aspects under three key headings:
When You Can Cash Out
This function might be available in various modes of wagering:
- Pre-Match: The buy-out option can be used before the event begins, particularly when there are odds changes or new information that could influence the bettor's decision. But please note that if the odds are lower or even stay the same, you will get back a smaller amount than you bet, as there's always a certain commission.
- In-Play or Live: During the game, Cash Out is available, providing an opportunity to respond to live developments and either secure a portion of potential winnings or cut losses.
- Long-Term Bets: For events spanning a longer duration, like a sports season, early closure can be employed based on interim results or predictions about the eventual outcome.
What Types of Bets are Available
Restrictions generally do not apply to the two types of bets:
- Singles: Typically offered based on event conditions and odds fluctuations.
- Accumulators: You will only be able to redeem an accumulator if the redemption option is available for all outcomes it includes.
At the same time, system-type bets are seldom a subject for early closure.
Promotions and Bonuses Terms
The decision to settle a wager early can significantly impact your bonus opportunities. Firstly, these prematurely closed bets are excluded from promotion qualifications, potentially leading to the loss of bonus eligibility or missing out on promotional activities.
Furthermore, such bets do not contribute to the wagering requirements of bonuses already acquired. This oversight can result in unmet conditions, risking the forfeiture of bonuses.
Additionally, Free bets are generally not eligible for early settlement. Attempting this, if it is even possible, often renders the bonus void.
Features of the Best Cash Out Betting Sites
Technically, there are several types of features, including options for full, partial, and automated settlement.
Full
Bettors can withdraw the entire stake and potential winnings at a specific moment, used for locking in profits or stopping further risks. By saying "in full" it means that you are redeeming the available bet amount at the time, not the stake amount itself.
Partial
You can redeem a portion of the available amount and the balance will remain until the rate is calculated.
Automatic
Allows setting a predetermined amount for automatic settlement, and managing bets without constant monitoring to maintain specific profit or loss limits.
Football Betting Markets for the Cash Out Function
The feature is often used by football bettors and is available on most markets. There are usually restrictions on Rapid Markets Bets, but this does not apply to matches that last 90 minutes or more. You also cannot buy out Free Bets or any other bonus money. In the table below, there are examples of specific football markets that are also unavailable for early closure.
| Football market | Available |
|---|---|
| 1x2 | Yes |
| Over/Under | Yes |
| Exact time of a goal | No |
| Both Teams To Score | Yes |
| Handicap | Yes |
| Correct Score | No |
| Total corners | Yes |
| Player Specials (Goals, Passes, Assist etc.) | Pre-match only |
| Combos (1X2 and Overs/Unders) | No |
| Outrights (e.g. League winner, top scorer) | No |
Advantages and Disadvantages of Cash Out Betting
While giving you an ability to control your bets, the feature comes with its own set of advantages and disadvantages.
Pros:
- Partial Stake Recovery: Allows bettors to recover part of their stake if the event doesn't follow the expected path.
- Profit Opportunities: Offers the chance to secure profits on a bet, particularly in uncertain game scenarios.
- Increased Engagement: Enhances engagement with the game being watched, adding an extra layer of excitement.
Cons:
- Potential Loss on Winning Bets: There's a risk of missing out on full winnings if the wager turns out to be successful.
- Double Margin Payment: Involves the risk of paying the margin twice — once for the bet and then for the Cash Out.
- Negative Impact on Earnings: Excessive use of the feature can lead to diminished overall winnings.
Betting Strategies with Cash Out Options
When it comes to wagering strategies involving the function, especially for newcomers, it's important to approach it with caution and understanding. Here are some essential tips to consider:
- Use Cash Out Sparingly: The best advice for beginners is to try and avoid using it frequently. Over-reliance on it can lead to missed opportunities and reduced overall winnings.
- Stay Informed: Keep an eye on the score, remaining time, and team performance to make informed decisions about when to use Cash Out.
- Set Pre-Game Goals: Define profit goals or loss limits before the game to guide your decisions.
- Know the Rules: Understand the specific rules of the betting site you’re using, including which bets are eligible and which events offer this option.
- Monitor Odds Changes: Evaluate how changes in the event's odds over time may impact the buy-out value offered.
- Timing is Key: Deciding the right moment to employ the feature can be crucial. Consider whether it's more advantageous to settle a bet early or wait for further developments in the event.
- Watch for Delays in Live Streams: Betting site streams often have delays, so it's better to follow the score on specialized portals for the most accurate information.
When to Opt for Cash Out
Cash out, in essence, is a bet within a bet. It can turn out to be beneficial or not, depending on the game's outcome. When you use early payment to save a portion of your stake from a seemingly doomed bet, and it wins, it might feel like a missed opportunity. Therefore, caution is key. In every situation, ask yourself: are you willing to take the risk?
Here are some scenarios and tips on when to consider a buyout:
- Hopeless Bets: If you genuinely believe that there’s no chance of your bet winning, using it to salvage part of your investment can be wise.
- Correcting a Mistake: Mistakes happen; if you’ve bet on the wrong outcome, cashing out can be a smart move to recover part of your stake, especially before the commission increases too much.
- Securing Wins from Accumulators: If you’ve placed an accumulator bet and most of your selections have won, buying out before the final event can secure a significant portion of the potential profit without risking a loss on the last outcome.
- Reacting to Unexpected Events: If an unexpected event occurs during the game (like an injury to a key player), and it drastically changes the expected outcome, think about closing the bet.
Conclusion and Recommendations
Cash Out is increasingly common with Nigerian bookmakers, but a fully working feature with partial and auto mechanics is still hard to find. But in general, competition is growing and the product is getting better, for example, at Betway you can use Cash Out even for a bet made with BetBuilder.
If you need this tool for your strategies, we recommend you study the Terms & Conditions section carefully. There you can find out if the feature works in Live, for multiplies and systems. It's a good tone when the indicator feature is directly visible in the bet slip. Thus, you won't need to worry about what stakes are available for early payouts. The limitations here are also many, but you can't keep them all in your heads.
One last important point. Even if the premature closure is necessary, it can result in losses of 20-30%, since the bookmaker will add commission, making it less profitable than settling a winning bet normally.
Cash Out Betting Sites FAQs
How is Cash Out Calculated?
The buyout value is calculated based on the current odds and the stake of your bet. As the event progresses, the offered amount changes to reflect the likelihood of your bet winning or losing. So the higher the probability of your bet winning, the greater the early payment amount offered to you.
What Types of Bets Can I Not Cash Out?
Typically, it's not available for system bets, certain accumulators, and specific betting markets. Additionally, bets placed with bonus funds or Free bets might not be eligible. In-play outcomes may also have restrictions. The availability of the feature can vary greatly between betting sites, specific promotions, and events.
What Sports Can I Use Cash Out For?
The feature is commonly available in sports like football, basketball, tennis, and cricket, among others. Some sites may offer early closing for a wider range of sports, while others might have it limited to major events or leagues.