The cash-out feature was introduced to Bet Winner a few years ago by the name Bet Slip Sale. It allows you to end your wager early and collect your money. In this guide, we will look at the cash-out feature of the site. We will also cover its pros and cons.
How to Cash Out a Bet on Betwinner
You can either cash out your bets partially or fully. However, the amount you can cash out during Betslip Sale will vary depending on your bet. The site may also change these amounts as the matches go on. You can follow these steps to cash out your bets.
- Place a bet on Betwinner.
- Go to ‘My Account’ and navigate to ‘Bet History’.
- The other option is to click the ‘My Bets’ tab on your bet slip.
- A dialogue window will then appear. In it, you can choose the size of the bet you want to cash out.
- Press the ‘Sell’ button to confirm the cash-out.
Does Betwinner Allow Cash Out?
Betwinner has a cash-out feature known as Bet Slip Sale. That means you don’t have to wait for bets to be settled. Sell them back. Here is how.
Is There an Auto Cash Out Feature?
Yes, this site has an auto cash-out feature. You just have to indicate the amount you want to cash out. The site will continually calculate the amount as the odds change. When the price reaches the target amount, the bet will be cashed out. Note that bettors can still cash out their bets before the target is reached. In this case, the auto cash-out feature will be deactivated.
Does Betwinner Accept Partial Cash Outs?
Yes, you can partially cash out your bets on Betwinner. That means you don’t need to take out all your money from the wager. You can leave a bit of your stake. Partial cash outs allow you to lock in a profit, regardless of the outcome of the game. Betwinner will indicate the minimum and maximum amount you can cash out. This amount can change if you take too long to cash out the wager.
Example of Cashed Out Bet Slips
Let’s look at an example of a cashed-out bet.
Suppose you have a €10 stake on Manchester City to win the match. The odds for this market are 4.0. At half-time, Manchester City may be in the lead, and the new odds could drop to 2.0. The fair cash-out value can be estimated by taking the expected winnings and dividing them by the current odds. In this case, the fair cash-out value would be €20. However, the site will not always offer the fair cash-out value.
Why Opt for a Betwinner Cash Out?
There are many benefits of cashing out. First, it allows you to lock in winnings early. You should note that the outcome of the match may change unexpectedly.
Also, cashing out means that you don’t need to wait for the match to end to collect your winnings. This can especially be useful for long-term bets. Instead of having money tied up in a bet for weeks or months, you can cash out and spend it on other ventures.
Another benefit of cashing out is that it allows bettors to cut losses. If things are going poorly in the match, you can cash out your bet and collect some amount from the wager. This could be lower than your stake. But it is better than losing your entire wager.
Are There Any Risks Involved?
You should avoid using this feature with value bets. This is because you will give up a high potential for returns of a lower amount. It is also worth noting that Betwinner doesn’t guarantee that the cash-out feature will be available. In some cases, your only option may be to wait for the game to end.
Can I Cash Out on Betwinner Using Bonus Money
You can cash out bets placed with bonus funds. It is essential to check the terms of the offers to see how they should be used. Usually bonus terms state that you CANNOT combine your bonus with the Bet Slip Sale feature at Betwinner. Cashing out during wagering will make your bonus void.
When Is Betwinner Cash Out Unavailable?
There are a few cases where you won’t be able to use the cash-out feature. These include the following.
- If the bet has been settled already
- If you have insured the wager
- When you have already cashed out the wager
You can ask for cashouts for multi-bets. However, if the bet slip contains outcomes that have been blocked, you won’t be allowed to cash out the wager. Bet slips with outcomes that can’t be cashed out will also be excluded. Another thing you should note is that Betwinner can block cashouts for any reason. That means you shouldn’t place bets with the expectation of cashing out later on.
Pros and Cons
- It can help you lock in winnings early
- You won’t have to be fearful when placing huge bets
- Cashing out can prevent a complete loss of funds
- It isn’t always available
- The amount offered may be less than your stake
What are the steps on how to cash out on Betwinner?
You have to first place a wager on this site. Then go to the bet slip, where you will see the cash-out option. You can now enter the amount you want to cash out.
Is Betwinner Bet Slip Sale and Cash Out the same?
Yes, bet slip sale is what betwinner refers to as cash out.
When can I cash out my bets on Betwinner?
You can cash out your bets at any time before the match is settled. However, this option may not be available in some situations. For example, if you have insured the bet, you won’t be able to cash out.
What is the auto cash-out feature?
This is an option that allows you to automatically cash out the wager when a certain amount is reached. You have to indicate the amount you want to cash out for. When this price is achieved, the site will end the wager.