As the online betting industry evolves, bookmakers are rolling in more features to enhance bettors’ experience and lure them into coming back for more.
Some of these features include new sports and betting markets, free bets, increased maximum cash-out amount, and free spins.
However, there is one interesting feature that most bettors have not yet taken full advantage of. This feature is called the cash-out feature.
What is the Cash-out feature?
Traditionally, bettors can only claim their winnings only when the game bet is over. This is no more the case.
Bettors can now take advantage of the cash-out feature offered by some of the best Nigerian bookmakers and quickly withdraw their winnings even before the game comes to an end.
Usually, these winnings are a percentage of the total expected winnings to be paid if the bettor had waited till the end of the game (where the bet is successful).
This is an effective means to cut losses or quickly withdraw winnings if there is a likelihood of an upset in the game.
Note that bettors can use this feature for multiple bets, and using it is entirely at the discretion of the bettor. In addition, once a bettor uses it, the decision cannot be reversed as far as it concerns that bet.
How does the cash-out feature work?
Different betting platforms offer this cash-out feature with certain stipulated rules and conditions. However, not all betting markets are eligible for this feature.
Bettors can activate the cash-out feature at any point in a live game, as far as it is before the game ends.
However, the amount available for cash-out occasionally changes as the game’s betting odds change.
Interestingly, some betting sites also offer the opportunity to cash out even before the game begins. But this offer is usually less than the original amount wagered.
Therefore, it is not advisable to use the feature before the game starts, except you are sure that you made a betting mistake
A practical demonstration of the cash-out feature
A bettor places three accumulated bets with a total odd of +150 and a $50 wager. As the games continue, the bettor notices that two bets are in his favour, while one is against his choice.
Ideally, the bettor expects to receive $75 plus his $50 wager, totaling $125. But with the recent turn of events, the betting platform can offer him a total sum of just $70 before the conclusion of all the games.
Alternatively, he waits and hopes that the last game later plays out according to his predictions.
With the example, wisdom dictates that the bettor deploys the cash-out offer given, especially when it looks like the losing bet is unlikely to change to a favourable outcome.
Getting the Most out of the Cash-out option
The cash-out feature is a live game feature. As a result, it must be done before the game ends.
There are three outcomes to this. You either settle for less than expected but still with some profit, wait for the expected, or end up with nothing.
Whatever way, do not panic! Ensure that you consider the offer first once the bookmakers present it.
Follow the gameplay to check if there is a likelihood of getting the main prize. In addition, ensure that you study the teams before betting on them.
Lastly, be avoid the greed-inspired all-or-nothing approach. It is better to settle with the less than expected as far as you will still get some profit than losing everything.
Conclusively, though relatively new, the cash-out feature has come to stay. This is particularly helpful to help bettors cut their losses and take their winning before it goes beyond their control.
Whatever the situation is, this exciting feature adds to the beauty of betting, helping bettors make more money while mitigating their risk exposure.
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