Betway Saudi Arabia Cash Out: What It Is and How It Works
Cash Out is one of the most intriguing features available at Betway Saudi Arabia. In short, it’s a real-time bet settlement feature, where bettors can take their winnings and cut losses before an event ends.
This particular feature is only available in live matches. It applies to certain markets only, excludes others, and is available in two forms – full and partial. Read on to learn how it works in detail, with examples across different sports.
Cash Out Example
Let’s use a Premier League football match with a straightforward market. For example, a match between Liverpool and Chelsea, where the Reds are favorites to win at odds of 1/1 (2.00). You pick Liverpool to win for £/€/$10, and by minute 70, the team leads 1-0.
This is where the Cash Out feature turns useful. Since there’s still time to play, Betway may offer you a way out at a cost. The Cash Out value in this case might be somewhere around £/€/$15. Should you accept the Cash Out, your only profit from the £/€/$10 stake is £/€/$5.
Ignore the offer, and you can ride it out until the end, and make a larger profit as per the original odds on Liverpool to win. However, if Chelsea scores and the match ends in a draw or Liverpool loses, you lose your bet.
Cash Out Horse Racing Example
Just for example, let’s say that you’re backing three horses to win in separate races, which is a race winner multiple market. Two of the three have already won, but you’re having doubts over the third one. In this case, you can cash your bet out after the second race and cut your losses.
Which Bets Are Eligible for Cash Out?
Not all bets or matches are eligible for this feature. The current Cash Out prices and the Cash Out icon are displayed for eligible and unsettled bets on your profile under My Bets.
Look for the icon on your chosen event to see if the feature can be used. What’s important is to remember that it’s not available on these markets:
- Half Time/Full Time
- Correct Score
- Draw No Bet
- Handicap
- Total Points
- Match Winner
- Both Teams to Score
When Is the Cash Out Feature Suspended?
There might be times at Betway Saudi Arabia where the Cash Out feature is suspended. This usually occurs during critical moments during a match, for example crunch time in football with a close score, or a break point in a tennis match.
If you’ve placed a multiple, only one selection would need to be suspended for the Cash Out feature to be temporarily disabled.
Is Cash Out Suspended With 5 Minutes Remaining?
The last 5 minutes of sports matches are typically very volatile. Live odds are subject to frequent changes, and as a result, markets are often suspended. If you’re building a bet, this can be counter-effective, as more selections increase the possibility for the feature’s suspension.
Which Bet Types Are Cash Out Eligible?
The Cash Out feature is valid on selected bet types only. That’s singles, multiples, and system bets.
Is Cash Out Available With a Free Bet?
Yes, you can use Cash Out with a free bet. However, you should know that Betway takes that into consideration. You won’t get your free bet stake back, and the Cash Out will only apply on the part you may collect. This means it’ll be lower in some cases, unlike when you’re betting with real money.
Do Cashed Out Bets Qualify for Betway’s Free Bet Club?
Cashed out bets won’t qualify for the Free bet Club.
Is the Cash Out Reversible?
Sometimes, bettors might press the Cash Out button by mistake. This will immediately result in the settlement of the bet at the Cash Out amount displayed. It’s not a reversible situation, so be careful when it goes live.
How Do I Know If My Cash Out Is Settled?
- On mobile: Tap on the My Bet icon on the menu bar at the bottom. Check the Settled Bets tab. All bets that have used this feature will have a green Cash Out icon.
- On desktop: Similar to mobile, cashed out bets appear on the My Bets section. You can also click on your account number and then the settled bets icon. Cashed out bets will have a green icon next to them.
Full and Partial Cash Out
In most cases, Betway will offer a full cash out on your bets. However, sometimes, there will be a partial Cash Out on offer. With this option, you can take a smaller portion of the offer, while leaving the rest of the bet running.
Check the My Bets section for partial cash outs. The partial offer displays in almost the same way as a full cash out.
Partial Cash Out Example
Let’s use the previous example of Liverpool vs Chelsea. You wager £/€/$10 on Liverpool to win @ 1/1. The potential return is £/€/$20.
Liverpool leads in the 70th minute, but you’re not that sure of the win. At that moment, the bet is set to win. You decide to play it safe, and use the partial Cash Out for half of your stake, or £/€/$5.
In this way, you collect a portion of the potential winnings, while the remaining £/€/$5 is left in play. While your stake is now reduced, the price taken remains the same. If Liverpool wins t he game within 90 minutes, you only lose £/€/$2.50 of the original stake. The total win in this case with the remaining £/€/$5 left in play is £/€/$17.50.
If the match is scoreless by the same minute (70), the Cash Out feature may not be so lucrative. Bettors may decide to cut their losses without losing their entire stake. The partial Cash Out feature works here, too. For example, you can take £/€/$3 out of the original stake, returning half of that your way. You have £/€/$7 still in the running at the original odds.
If Liverpool loses in the end, you lose the remainder (£/€/$7), leaving you with a tiny profit from the partial Cash Out.
