Cashout is one of the best feature that a betting site can offer. In Kenya, there are various betting sites that offer the cashout option, we are going to look at them below including their cashout terms and some of features that they offer.
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What is Cashout in betting?
Simply explained, cashout is an event where a betting sites allows you to withdraw cash when a game you staked on has not been completed yet. It mainly applies in multibets but some sites also offer it in single bets.
There are various cases where betting sites will allow you to cashout, this is meant to help you not loose all the money you staked on. Depending on the Betting site terms, they are various options that are available.
Case scenarios of cashout
After placing a multibet, lets say of 6 games and 3 games have been played and the outcome was as you predicted for the 3 matches, you might be given a chance to withdraw the won amount for the three games. If you decided to cashout, your bet will be marked as completed and receive the payment, the remaining games results will not be taken into account.
Some betting sites will offer cashout for single bets though it is very rarer. Sometimes you might have staked on high odds with low amount while getting a very high win in a single bet. e.g A single bet giving a possible win of 60,000 staked with 2,000. If the team you staked on scores first and there is a possibility for it to win, the bookie might offer you a cashout of 30,000 before the game ends.
Above are just but examples of cashout scenarios. Depending on the particular betting sites terms, you might find favorable cashout options.
Bookies offering cashout in Kenya
Here is look at betting sites with cash out in Kenya, check out the list and see which of the bookies below has the best terms that you deem favorable for you.
Betway is one of the most used betting sites in Kenya, they offer early payouts that allows wagers to get a payment before their initial bets are settled. You can make a profit or get a portion of amount you placed the bet with.
Betway provides cashout for both multibets and Single bets, whileoption is not always guaranteed, you are likely to get one on most multibets.
Singlebet offer in Betway is mainly when you have staked on a team with high Odds. If the team is likely to win, you are going to get an early cashout offer of either a higher Odd if your team is likely to win or a lower Odd if your team is less likely to win.
Multibets early payout option in Betway allows you to withdraw when you have placed more than one bet, lets say 7, if four of them are as you predicted, you can cashout the amount you have won for games played. You can also wait for the other games to continue and see if the cashout option will be available on Halfime.
Betway cash out options in details
To have a good understanding of the above, high is look at the options available on betway for the feature:
- Cancel a bet- after placing a bet, you might realize that you made a mistake or also change your mind, Betway will allow you to cancel the bet and get some of your bet amount back.
- Cashout offer- this offer is given to you by the bookie, in most cases, it involves a single bet. If your placed a bet where, if team one won, you would make say Ksh 1000 with a stake of 100 bob, Betway may offer you a chance to get say ksh 500 before the match is over. If you accept the offer and then team one losses after match completion, you will still have made a profit of ksh 400.
Another cashout scenario is where you place a bet on team one with a stake of say ksh 200, team one however hasn’t scored and is likely to loose the match, Betway decides to give you an offer to get ksh 100 bob back, if you accept this and then team one looses the match, it will mean you have only lost 100 bob instead of the 200 bob you staked with.
- Multibet cashout- this is the most common scenario where you place a bet and request for withdrawal when results of some the matches you predicted on are as you predicted and some other matches haven’t been played yet.
Above is look at Betway cashout, the bookies feature terms seems nice and you can go ahead and try it.
Sportybet is one of the best Bookie in Kenya, this site offers multibet cashout. If you stake on various games and some are completed before and they turn as you predicted, you will have the option to request for an early payout.
One amazing feature about Sportybet is the auto cashout feature, with this feature, you don’t have to keep on tracking the gaming so that you can cashout. After placing your bet on Sportybet, create a rule that will allow for auto settling of cash when the set threshold is reached or exceeded. Auto cashout rules on Sportybet have to be set by the wager, also, each bet can only have auto cashout rule.
Sportbet cashout options
The bookie offers its unique form of early payout as we have seen above, lets look at this options in detail below:
- General cashout- this is available for all bets, sportybet (however reserves the right to decline cashout on any bet). This allows you to request an early payout for multibets or reduce the amount of looses by getting an amount less than your stake when you note you are most likely to loose in both multibets and single bets.
- Partial cashout- in the option, you are guaranteed to request for a partial withdrawal of your bet and leave the remaining untouched waiting for the match/matches to be completed. This is however only allowed when the bet is multi/single with one combination. Single bets have 10 possible times to use cashout while multibets have 5.
- Auto cashout- this allows to fully cashout or partially cashout automatically. You will have to set a rule, the rule will define whether you want to cashout when the offer is higher or lower than the current offer. Once this rule is fulfilled, the rule will be triggered. Each bet can only have one rule.
If a rule fails to trigger, it will be saved and can be triggered for the next event, if you cahout manually the rule will be deleted. Sportybet claims it will not be accountable if the rule fails to trigger for any reasons.
Above is the sportybet summary of the feature, it is still an awesome one and you can go ahead and try it.
Cahout on Betlion focuses on multibets mainly. There are several amazing offers that their offer, all this to ensure you make some profits at least. The feature will not be available on bets placed from bonuses and gifts.
Cashout options available on Betlion
There are mainly two options that you can pick from, here is look at them:
- Live cashout- with this option, you get to request for a withdraw when a game is still being played. In example, you placed a bet of 5 matches, 2 matches are being have been played and the results are as you predicted, the third match is being played and also the results are so far your predictions were. At this point, you can be given an offer to cash while the match is still being played.
- Pre-game cashout- here, the opportunity is to make a withdrawal request before a match starts. Here is an example of such scenario, you placed a multi bet of 7 matches, 5 matches have been played, your prediction for the 5 matches are correct compared to the results. The other 2 games has not started yet, at this point, you can get an offer to withdraw what you have already won.
The basic difference between the above two is that in live, you get an offer to make a withdrawal while there is still a match being played, on the other hand, in pre-game, the offer is available when the remaining matches have not started.
Above is look at the Betlion cashout feature, as you can see, it is nice one and worth a try.
Fourth on out list is Kwikbet, if you are planning to place your bet on a bookie that will offer you an early payout, this is one that you can try out. The betting site allows you to cashout for multi bets and single bets too. You can also cancel your bet if you had a change of heart.
Kwikbet cashout offers
The Kwikbet cashout offers can be equated to that of Betway since they give almost similar offers. Here is look at list of this offers:
- Reduce looses – this offer allow you to make an early payout request if you sense you are most likely to loose. For example, you predicted using a stake of ksh 500 that team b will win, however, the match is being played and team b probability of winning is less, in this case, you can be provided with an offer to get say ksh 200 reducing the losses you will make if team b looses.
- Win offer – here, you are given a chance to get a higher amount than your stake but lower than your original possible win, this happens when there is a probability of the team you picked to win winning. For example, you predicted that team b is going to win with a stake of ksh 600 and a possible win of ksh 3000, so far, the team is leading, with the situation, you can receive an offer to request for an early payout of say ksh 2000. If you accept the offer, it means you will still make a profit even if something happens and team b looses.
- Multibet cashout- this option allows you to request for a payout if some of the matches that you predicted on have been played and the outcome so far is as you predicted. You can request for payout and get the amount before the event turnover.
Just like other betting sites, the amount you get to cashout on Kwikbet does not exceed the possible win. Bets that are placed with bonuses are not eligible for cashout. It is also important to note that Kwikbet does not guarantee that each bet will have the feature available.
As you can see above, the bookie cashout option is something to go by.
22bet is one of the betting site with high Odds. The betting site does not offer direct cashout, what it does is allow you to cancel a bet if you make a mistake when placing the bet, the bookie will allow you to cancel the bet and get the money back.
Other international sites with cashout
The following International betting sites offer cashout option, however, they are currently not available in Kenya or they closed operation in Kenya after update of tax rules by the government.
Cahout feature is most importantly available only on sports bet types and not virtual bets or online casinos. This is because the offer is given before an event ends and the event must take a long time. This usually not the case for casino games and virtual games, their events are completed almost instantly in most cases.
As you will note, the sites currently offering cashout option in Kenya are less, we will however update this article as we encounter more bookies offering this option.