Betting Sites with Cash Out

Well, we have already listed the best cash out sites in Kenya, but by no means are those the only bookies that offer good cash out features. Here is a full list of the top cash out bookies available to Kenyan bettors. They all come highly recommended by the My Betting Sites Kenya team!

Cash out is the betting feature that allows you to end your bets while some of the selections on your betslip are still going on.

When you cash out, you end your bets early and get some money from your betting site.

The value of your cash out amount depends on how close or how far you are to winning your bet.

If you are very close to winning, your cash out amount will be very close to your potential winnings.

On the flip side, if your bet is not going too well, your cash out amount will be very low and possibly less than your stake.

Hence, cash out allows you to claim some early profit from your bets, or redeem part of your stake.

To show you how cash out works, we are going to use the example of an English Premier League match between Arsenal and Chelsea.

If you have staked Ksh. 1000 on Arsenal to beat Chelsea in an English Premier League match at odds of 2.50, your potential winnings will be Ksh. 2,500.

If after 70 minutes, Arsenal are leading 2-0, you may be offered a cash out amount of Ksh. 1,900. As you can see, the figure is greater than your stake and not too far away from your potential winnings.

In this case, you have a big decision to make.

Do you end the bet and take the Ksh. 1,900, or do you ignore the cash out option, let the bet run its full course and get your Ksh. 2,500.

There are good arguments for both cases.

If you cash out, you will make profit of Ksh. 900 but miss out on an extra Ksh. 600 just in case your bet comes good.

If you wait, you have a great chance of walking away with a cool Ksh. 2,500, but also run the risk of going home with zero shillings. A lot can happen inside those final 20 minutes!

If Arsenal hold on to win, you will get your full Ksh. 2,500. However, if Chelsea equalize or win the match, you will go away with nothing.

In the end, the decision to cash out is majorly down to the punter. You have to weigh the risk against the rewards before making your call.

Note that the cash out amount is always changing due to the unpredictable nature of sporting events.

A red card here or a goal there may cause a big change in the value of your cash out offer. You should also be aware that cash out is not available at all times.

So pay close attention to your bets so that you can take advantage of these offers when they are available.

This is a very dicey question as you are never really sure about the outcome of your bets.

Even when all is going well, there is always a chance that things may yet turn ugly. Your team may be leading 2-0 with 10 minutes left on the clock, and end up losing 3-2.

Similarly, a bet that appears destined to fail may turn out to be good at the conclusion of the events.

Cashing out depends on the current state of your bet, the cash out amount and the probability of the event(s) on your betslip happening.

The best time to cash out is when you have made a decent profit on your bet.

In the above scenario, where the team you have backed is leading 2-0 after 70 minutes, you are most likely going to have a good cash out offer.

We advise that you take the offer and avoid any late drama and potential heartache in the closing stages the match.

You will not get your full potential winnings, but you would have made decent profits from your stake.

This is better than losing the bet entirely.

As a general rule, if your cash out amount reaches 70% of your potential winnings, that may be the time to take your money and run!

On the other hand, if your team is losing 2-0 after 70 minutes, the chances of a comeback are not great. Your betting site may be kind enough to give you a cash out offer. The cash out amount will definitely be less than your stake.

You should take this offer!

There are three main types of cash out, which are listed below:

1. Full Cash Out
2. Partial Cash Out
3. Auto Cash Out

Full Cash Out

Full cash out means that you have cashed out on your entire stake. When you execute a full cash out, you completely end your bets and take your cash out amount.

Partial Cash Out

Partial cash out is another really nice innovation that allows you to cash out on a fraction of your stake.

For example, if you have staked Ksh. 1000 on a bet, you can choose to cash out with half of that stake (Ksh. 500), and leave the other half to run till the end of the bet.

By doing this, you are guaranteed to win some money one way or another.

You already have your partial cash out amount in hand, and could make even more money should the bet come good at the end of your selection.

Auto Cash Out

Auto Cash out is the cash out type that allows you to set your cash out amount automatically.

With auto cash out, you get to set your cash out amount when you place your bets.

The advantage of auto cash out is that you don't have to be logged into your betting site to execute the cash out.

You can place your bet, set your auto cash out amount, and go on with your daily activities without worrying about the bet.

If your cash out amount reaches or surpasses your set value, your bet will automatically cash out.

The auto cash out feature is present on great betting sites like bet365.

So you have player a 10-game accumulator, nine of your selections have already come good. All that separates you from a big pay day is that one final game.

Unfortunately, your team loses and you lose your bet. All your hard work and expectations have gone down the river!

We have all been there before...

We can avoid all of this by making good use of the cash out feature.

Rather than wait for that one final game, you can opt to end the bet and take your money. If you have correctly called nine out of ten games, you should be getting a good cash out offer from your betting site.

However, if you think it's worth the risk, and you can bear the tension of waiting, then you can as well go ahead and take that chance!

Cash out is also extremely popular in live betting. In fact, the two features almost go hand-in-hand!

Live betting and cash out add great excitement to the betting experience.

To use cash out with live betting, you must follow the match very closely, and constantly be on your toes.

Live matches are very volatile, and as a consequence, cash out amounts can also change very wildly.

If you are going to cash out on a live bet, you must think very quickly and be able to assess the situation of the match.

For example, if you have backed Barcelona to beat Juventus in a live UEFA Champions League quarter-final, and Barca lose Lionel Messi to a silly red card early on, your chances of success will be notably reduced.

The best course of action may be to activate the cash out option and use the money to fund another live bet!

We cannot always sit in front of our desktop computers and laptops to monitor or bets, but we can always track our betting investments via our mobile devices.

If we are left with only big immobile computers, we will miss out on many cash out offers!

However, with our phones, we can follow live scores, watch live streams and cash out anytime we want to.

This is why we should have betting apps that enable the cash out feature.

The great news for Kenyan players is that a lot of betting sites, including betwinner and betway, allow us to cash out on their mobile betting apps.

Cash out is a truly wonderful innovation that gives us great control over our bets. You should also take advantage of this feature and boost you chances of earning some money from online betting.

Feel free to sign up on any of our recommended betting sites with cash out and start cashing out!