Nigeria NG

Cash Out Betting Sites in Nigeria 2024

UKClubSport team of experts compiled a detailed guide on the top Nigerian betting sites with Cash Out option. We explain how the tool works, and provide you with detailed examples and tips to enhance your wagering strategy.

List of Cash Out Bookmakers for April 2024

1
22Bet
6.6
Streaming
Cashout
Casino
Apps
Pros & Cons
  • Over 1,000 outcomes on top matches
  • Great Live section
  • Wide variety of Esports disciplines
  • One-Click feature for quick bets
  • No Bet Builder feature
  • Poor customer support
Register and complete your profile in 'My Account'. Deposit at least ₦850 to receive a 100% bonus for sports betting, up to ₦105,000. Wager the bonus 5 times on accumulators, with at least three selections and odds of 1.40+ each. Complete wagering within 7 days before withdrawing any funds.
2
1xBet
8.3
Streaming
Cashout
Casino
Apps
Pros & Cons
  • High odds
  • Special bets available
  • Unique outrights for the UFC
  • Multi-Live feature
  • Max stake limitations for successful bettors
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.
3
Betwinner
7.1
Streaming
Cashout
Casino
Apps
Pros & Cons
  • Bonuses for new and existing players
  • Wide range of betting options
  • Totepools for various sports
  • One-click registration
  • Overloaded interface
  • No Help & FAQ sections
Register and enable the "Take part in bonus offers" function in your account. Deposit at least ₦400 to get a 200% bonus, up to ₦100,000. Use this bonus within 30 days. To withdraw: Wager half the bonus 5 times on accumulators with 3+ events and odds of 1.40+. The other half must be wagered 30 times on Win Games (specific exclusions apply). Complete these conditions before withdrawal, or the bonus and winnings will be forfeited.
4
PARIPESA
6.7
Streaming
Cashout
Casino
Apps
Pros & Cons
  • Plenty of promotions
  • Special bets available
  • Bet Slip editing feature
  • Verification up to 48 hours
  • No sports blog
Register on PariPesa and complete your profile in 'My Account.' Deposit at least ₦450 to get a 100% bonus, up to ₦100,000. Agree to receive this bonus in 'Account Settings' or on the 'Deposit' page. Wager the bonus 5 times on accumulators with 3+ events, where at least 3 events have odds of 1.40+. Use the bonus within 30 days, or it and any winnings will be revoked.
5
Mozzartbet
6.4
Streaming
Cashout
Casino
Apps
Pros & Cons
  • Generous bonus for new players
  • High odds on top matches
  • Statistics from Sportradar
  • Cash Out available only for live bets
  • Limited selection of sports
Register and deposit at least ₦500. You'll receive a 50% bonus on your 1st deposit, 100% on your 2nd, and 200% on your 3rd, with maximum bonuses of ₦50,000, ₦100,000, and ₦150,000, respectively. Wager each bonus 4 times on sports bets with a minimum of 4 events and odds of 1.40. You have 60 days to unlock each bonus.
6
Melbet
6.3
Streaming
Cashout
Casino
Apps
Pros & Cons
  • Over 1,000 outcomes for top matches
  • Free Data Promotion
  • 24/7 phone support
  • Limited matches with enhanced odds
  • No sports blog
Register and verify your phone, email, address, and personal data. Make your first deposit of at least ₦4,500 to receive a 100% bonus, up to ₦50,000, found in the 'Offers' section under 'Sport'. Use the bonus within 30 days; otherwise, it will be revoked. Wager the bonus 5 times on multi bets with 3+ events, each at odds of 1.5 or higher. Stakes must not exceed the bonus amount.
7
FRAPAPA
6.2
Streaming
Cashout
Casino
Apps
Pros & Cons
  • Competitive odds for top football leagues
  • Statistics from Sportradar
  • Android and iOS apps available
  • Poor website optimisation
  • Mediocre live betting section
8
N1
5.8
Streaming
Cashout
Casino
Pros & Cons
  • Account verification bonus
  • Variety of totals and handicaps for football
  • Fast withdrawals
  • No video streams
  • No live chat for contacting support
To get your Norisk Free bet, deposit and receive 10% of it as a bonus, up to a maximum of ₦500,000. If you lose, the bonus will be added to your balance. Use your Free bet within three days on any event, live or pre-match, at odds between 1.01 and 2.00. There's no limit on the number of events you can bet on.
9
BetBonanza
5.7
Streaming
Cashout
Casino
Apps
Pros & Cons
  • 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.
10
Betking
5.2
Streaming
Cashout
Casino
Apps
Pros & Cons
  • ₦500 No Deposit Bonus
  • Loyalty programme
  • Statistical markets for football
  • Events with enhanced odds
  • Fees for certain deposit methods
Complete your bank profile verification within 7 days of registering to get a ₦500 Free bet. You'll receive your Free bet the day after your bank account has been verified.
11
Bet9ja
5.1
Streaming
Cashout
Casino
Apps
Pros & Cons
  • Wide selection of outright bets
  • Free prediction contest with a large jackpot
  • Video streams of top football leagues
  • No bonus for new players

How can you trust us?

At UKClubSport, 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.

BetBonanza

This is a legal Nigerian bookmaker with a license from the National Lottery Regulatory Commission (No 0001026). BetBonanza offers options for approximately 30 sports and stands out for its user-friendly features. This includes a simple registration process, responsive customer support (Live Chat, WhatsApp, telephone, email), and a variety of payment methods, including 8 major Nigerian banks.

BetBonanza welcomes new users with a generous three-stage bonus, offering up to 350% extra on initial deposits. It starts with a 100% match on the first and second deposits, followed by a 150% bonus on the third. One of the highlights is the availability of both Cash Out and Bet Builder options. In addition to sports betting, the site offers other casino markets, including the popular Aviator game.

Pros & Cons
  • 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.

Live at BetBonanza

Bet9ja

Operated by KC Gaming Networks Limited and licensed by the Lagos State Lotteries Board. It offers wagering on over 20 sports, including popular ones like football, tennis, and basketball. Football betting is extensive, featuring over 140 types of outcomes for various matches. Bet9ja covers major events and leagues, with a maximum payout of ₦40,000,000 per ticket - the highest in Nigeria.

Live Betting allows bets up to the 90th minute. The site includes top leagues such as the English Premier League, Champions League, and more, while you can also use tips and predictions on numerous other leagues worldwide.

Additionally, Bet9ja offers promotions like Cut 1 (available on multiples of 5 legs or more) and a 170% accumulator boost but lacks a welcome bonus for new users. Other features include live streaming, mobile apps, and competitive odds. Cash Out is straightforward, available both live and pre-game, but excludes Rapid Markets Bets (1-minute markets).

Pros & Cons
  • 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

Bet9ja NG Sports Betting

1xBet

A strong international brand, stands as the biggest sportsbook in Nigeria. It impresses with 40 sports, covering major events like the FIFA World Cup, Premier League, ICC Cricket World Cup, ATP, and more, including reserve leagues and qualifiers.

The site excels in market selection, boasting over 170 betting markets and 2,000 outcomes for top-league football matches. Unique bet options include Sending Off, First Goal Time, and Penalty Awarded. Even niche fixtures receive substantial offers, often surpassing competitors. Notably, 1xBet's odds are some of the highest in Nigeria.

Promotional offers are abundant, with a 300% first deposit bonus up to 145,600 NGN, plus Cashback, Hyper Bonus, and Accumulator of the Day. The Cash Out feature is available on selected bets, but keep in mind that stakes with bonus funds are not eligible for early closing.

Pros & Cons
  • 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.

1xBet Live

Betway

We closely follow Betway's activities, especially their role as a Global Betting Partner of Arsenal in the English Premier League. Betway stands out for focusing on quality over quantity in their sportsbook, which currently features over 30 sports. While they may not cover every sport globally, the ones available are meticulously monitored to ensure the best odds. You can choose from over 10,000 markets, from traditional sports like football, tennis, and horse racing to esports. Despite lacking a loyalty program, Betway compensates with a substantial 700% Acca Boost and other weekly bonuses. The absence of a loyalty scheme is mitigated by these generous offers. A notable feature at Betway is the Cash Out option, a game-changer for many bettors. This feature, symbolized by a big green "CO" button, allows you to settle your bet before a match concludes. Not all stakes offer this, but you can easily check its availability under the “My Bets” section and see the current cash-out value, which updates as the match progresses.

Pros & Cons
  • Full & Partial Cash Out
  • Regular Boosted Odds
  • Bet Builder feature
  • No Welcome bonus
  • No Streams
  • Complicated Navigation

Betway Sports Nigeria

Parimatch

The bookmaker only offers the option of a full Cash Out. Unfortunately, the website lacks an indication of the markets for which closing a bet is available, which can be disappointing for users.

Nevertheless, Parimatch deserves attention for its rich live betting line and extensive selection of events. This creates convenient conditions for using the Cash Out feature, considering the large number of offers in both the pre-match line and in real-time. The platform features up to 30 traditional sports and over 10 Esports disciplines, with over 1,000 outcomes for popular football matches.

Also, the website features a very convenient function of displaying scores in the "My Bets" tab in the bet slip. This allows users to track the score of the matches directly in the tabs of placed wagers.

The current welcome offer is "120% Bonus up to ₦120,000". When registering, opt-in and deposit a minimum of NGN100 to get the 120% boost. To withdraw any winnings from this bonus, you must bet 12 times the value of the bonus on multi-bets with minimum odds of 3.00. This wagering requirement must be met within 7 days of receiving the bonus.

Pros & Cons
  • 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.

Premier League Sports Betting at Parimatch Nigeria

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 marketAvailable
1x2Yes
Over/UnderYes
Exact time of a goalNo
Both Teams To ScoreYes
HandicapYes
Correct ScoreNo
Total cornersYes
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.