Betting Sites with Cash-out in South Africa

How Does Cash Out Work?

Using this function is simpl♒e- you follow through a sporting event and take out your winnings or mitigate your loss before it is concluded. For example, let’s say Chelsea is playing against Liverpool in the Premier League, and you have placed a bet for the Bl🔯ues to win. Then, Chelsea scored two goals by the 70th minute, while Liverpool scored one. You can cash out your bet at the 75th minute to secure your winnings at lower odds.

The cashout odds vary from site to site. They depend on your initial oddඣs, the current situation in a match, and the potential winning chances at the end of the game.

The ꦑamount you cash out will be processed depending on your preferred payment method. Some may take hours, whileꦚ others go up to 5 business days.

5 Best Bookmakers with Cash Out in South Africa

Most bookies in South Africa have added this feature to their sportsbooks. Due to this, we evaluate them, and here is the list of the 5 best sites to bet at in South Africa:

#1 888Starz 

This is a Defi iGaming platform with a Curacao license. You can explore it in more than 60 languages, including English, and bet fr🍨om anywhere at any time using the 888Starz mobile app. The customer support professionals are also available via live chat, email, and phone.

Thanks to the 888Starz ca𝔉shout feature, you can close your bet slip before the games end. You can use it in your pre-match bets or live events. All you need to do is go to ‘MyBets’ and tap on the wager you want to cash out. Then, choose your betting market and click ‘Cash Out.’ A popup notification will appear on your screen.

#2 MegaPari 

MegaPari South Africa offers a thrilling gaming experience. You can enjoy an extensive sportsbook with v🌸irtual sports and eSports. You ca♛n dive into the live section to bet as the action unfolds.

You can cash out your bet before a game starts or when it is unfolding. If your wager is going well and you cash out, you will get back your sta🐓ke amount and a little profit. On the other hand, if the game is going against you, you can cash out to get less than your stake amount and reduce the loss.

#3 PariPesa

PariPesa is a South African betting platform with rich sports and live sections. It features over 1,000 events, allowing bettors to find their favorite markets. The live betting odds are updated in real time, and you can find other statistics to help you make i෴nformed wagers.

You can cash out your entire stake or part of it at PariPesa. You can do so when things are g🧸etting out of hand or if you want to lock your winnings before the final whistle.

#4 BetBeast 

BetBeast, a betting company from Dama N.V., operates under a Curacao license. South African bettors can enjoy various incentives, from the w💝elcome offer to the VIP program. They can participate in rugby, basketball, and football in-play betting.

The cashout feature is available during live betting. This gives you control over your wager befo♏re a game ends. You can only cash o🔴ut part of your bet at BetBeast.

#5 22Bet 

If you are a newbie, 22Bet is a perfect choice because it has a user-friendly interface. Additionally, it has more than 50 sports to bet on, and you can place live wagers in some markets. It also holds lic๊enses from Curacao and the Kahnawake Gaming Commission.

22Bet provides a cashout feaღture for in-play and pre-match betting. The operator refers to cash out as ‘Sell.’ You can click the Sell button to end your bet before your chosen sporting event is concluded.

Types of Cash Out

There are different ways to cash out your bet. They give you💙 different le⛎vels of control over your wager. They include:

• Full Cash Out

This is the best option to settle your bet completely before an event ends. If your wager is winning, you secure your🗹 profit; if it is losing, you get back part of your stake. Ultimately, you have something to increase your bankroll or mitigate your loss.

• Partial Cash Out 

Partial cash out is when you take out part of your bet and leave the rest active. As a result, you create a balance between locking in some profit or minimizing loss and having a bet by the end of the game that may bring you more winnings. For example, you can bet 150 ZAR and cash out 50 ZAR, leaving anꦗ active stake worth 100 ZAR.

• Auto Cash Out 

If you doubt your ability to cash out when an event is ongoing, you can automate this action. You set at which point you want your bet to be cashed out before you place your wager. As a result, you don’t have to follow your live ev🃏ent because once your bet reaches your predetermined threshold, it will be cashed out automatically.

Pros and Cons of Bookmakers with Cash Out

Cashing out♛ your bets has advantages and disadvantages. Therefore, you must weigh up🐻 the two before you decide on your next action. The table below explains in more detail.

Cash Out Markets

Which sports are availab❀le for cashing out on South African betting sites? We ensure players can utilize this feature in as many markets as possible. Moreover, we evaluate the available odds in t💎his betting option for the best deals in the market.

Here are the common sports with the cashout function:

Some markets may be challenging to cash out because of how long the events are. For example, horse races end quickly, and the cashout amount changes too fast, making it difficult to take actio♎n on time.

How Is Cash Out Calculated, and When Should I Use It?

The cashout value depends on the original odds of your bet, the current ones at the time of cashing out, and your stake amount. Usually, if your odds are likely to win, the amount will be higher than your original stake but lower than the potential winnings. On the other hand, if your bet is likely to lose, the value wi❀ll be lower than your original stake, allowing you to reclaim part of your wager.

The best time to cash out is when you are ahead and feel things may change by the end of a sporting event. You can also consider it if your bet is already losing, and there is no hope for things getting better by the end of the game. It is important to note that a time limit exists for cashing out. For example, the button may be deactivated if it is less thanܫ three minutes before the game ends.

Tips for Cashing Out Your Bet

Here are some tricks that can be useful when cashing out:

• Understand the Betting Odds: Knowing how the betting odds work is crucial during cash out. The higher the odds that your wager will win, the higher the cashout value. On the other hand, the lower the odds that your bet will win, the lower the amount you can cash out.
• Follow the Game: Keep an eye on the game you are cashing out. Everything that happens will affect the odds and your cash-out price. For example, if a red card is given in a football match, the odds will change instantly, as will the amount you can take out.
• Have Clear Goals: Set clear goals for when you want to cash out your bet. For example, decide at which profit or loss level you want to cash out. This will help you avoid chasing losses.
• Control your Emotions: Sporting events are unpredictable, and anything can happen at any time. For example, you may panic or become greedy and miss the best cash-out moment. Hence, you should control your emotions and be cautious of your actions.