Betting Sites With Cash Out in Kenya
On this page we will tell you about betting sites with a Cash Out option, about available types of cash out and when it is better to use it. We'll study some real-life examples to see when it is beneficial to cash out, and when it's better to wait until the end of the match.
The List of Betting Sites With Cash Out in Kenya in 2022
Here are the best cash out betting sites in Kenya:
Last updated: 03.12.2022
You have to register, fill in all the fields in your personal account, make a deposit and get two bonuses - each is equal to the amount of your deposit. The first bonus must be wagered with sports bets. The second bonus must be used in 1xGames, but you can reject it.
What Should Bettors Know About Cash Out?
Let's find out first what the Cash Out option offered by betting sites is.
Imagine making a pre-match bet on Arsenal winning the London Derby against Chelsea. By the middle of the match, the Gunners are winning by a narrow margin.
However, the game itself is very tense with plenty of dangerous situations. You don't want to lose money, so you want your bet cashed out at undervalued odds. You are guaranteed to make a profit on the betting site and you don't have to worry about the outcome of the game. But you win noticeably less compared to the situation when you wait until the end of the match.
What are Cash Out Options?
Cash Out is the opportunity to settle a bet early before the betting outcome takes place. The user who is cashing out his bet can see it either a winner or a loser. Let us consider both options in more detail.
The user cashed out his bet and made a profit
Example. Season 2021/2022. Match 34 of the Kenya Football Championship round between Tusker and Posta Rangers. A bet on Total Over 2.5 is offered on 1xBet with odds of 2.00. You have placed the bet of 500 KES. Your potential winnings are 1000 KES.
Unfortunately, the game was boring and slow. So when the score was 2:0, you decided not to wait for the third goal. You cashed out your bet early at odds of 1.6 and received only 800 KES. Yes, you locked in your net profit at 300 KES. But it was less than you expected. Either way, it's a great result too. Because the match ended with the score 2:0. If you hadn't cashed out the bet, you could have lost all your money.
The user cashed out his bet, but took losses
Let's go back to the Kenya Football Championship match between Tusker and Posta Rangers. Having analysed the upcoming match, you know that Tusker are the clear favourites of the game. But at the same time, the statistics show that Posta Rangers always score at least one away goal in 80% of cases. You decide to bet on one of the cash out betting sites in Kenya, placing a bet on "both teams to score" with odds of 2.25. The amount of the bet is 500 KES.
As the game progresses, Tusker does score, but Posta Rangers can not do that. 10 minutes before the end of the game you decide to sell your bet. You get just 300 KES for it. You're out of luck. You ended up with a loss of 200 KES. Posta Rangers really do not score in that match, but you avoided a 100% loss by saving 60% of the bet.
As you may have noticed from the above examples, this feature gives customers the ability to control if their bet brings a profit or a loss. So even if the game progresses not in the best way for you, with this advanced option you can always settle the bet early and avoid total loss of your money.
Keep in mind that no cash out betting company offers this option for all sports betting events. Also, any cash out betting site in Kenya reserves the right to refuse to settle the bet early with no explanation even if the Cash Out function was really active for that match.
Cash Out Types
There are three types of cash out:
Full Cash Out
You sell your bet in full. There are no other options. The bet is settled immediately. You receive the cash out amount offered by a bookmaker into your account right away.
Partial Cash Out
Partial cash out means that you choose which part of your bet to sell (e.g., 70% of the total bet amount). The remaining 30% will be settled after the match is over.
For example, let's look again at the match of the Kenyan Football Championship between Tusker and Posta Rangers and see how partial cash out works.
You bet 1000 KES on Total Under 2.5 at odds of 1.75. By the 70th minute, the score is 1:0. You decide to sell 80% of the original bet (800 KES) with odds of 1.4. So, you receive 1120 KES (800 x 1.4). The remaining part of the bet - 200 KES – will be settled after the match.
Even if your bet is not a winner, you have already won 120 KES. And if no more goals are scored, the remaining 200 KES will be worth 350 KES (200 KES x 1.75). So your total winnings can reach 1470 KES (1120 KES + 350 KES).
auto Cash Out
Once you have placed a bet, you can set a price, at which the betting company must automatically settle the bet, even if the match is not yet over.
To sell the bet at a certain price you have to do the following:
Not all betting sites in Kenya offer this option on their websites or in betting apps. Read the Terms and Conditions section carefully to see what options your betting site offers.
In Which Cases Is It Worth Using the Cash Out Option?
Let's look at the pros and cons of the Cash Out feature and when it's most useful to take advantage of it. Remember: even the best cash out betting sites do not offer this service at no charge.
The Cash Out type determines a scenario of its use. Match.Center experts advise using partial cash out only when your bet is winning and you have lost confidence in it. Withdraw that part of the sum which is equal to the amount of the bet itself or is slightly larger. You can leave the remaining part till the end of the game and hope that the bet will still win. You certainly won't lose anything and can win.
If you intend to cut losses early, it is better to sell the bet in full. If you realise that the bet is likely to lose, what is the point of leaving your money till the end of the game?
Best Betting Sites With Cash Out
The function itself was first introduced by Betfair in 2011. It has become a lifeline for many punters who wanted to minimize their losses in case of an unfavourable outcome. In the wake of this boom, sports betting sites around the world started adding this function to their offers. Now it is a very common feature and there are many cash out betting sites in Kenya as well.
Here is a full list of them.
CASH OUT at 1XBET
1xBet is one of the best betting sites, which offers its customers the opportunity to have their bets cashed out early. The customer is able to cash out his bet in full or partially. This service is available in the bets history section.
To make partial cash out you have to do the following:
The minimum and maximum amounts that the client may cash out and get to his account depend on a particular bet. In some cases the client may only be able to sell bet in full.
You can cash out a bet slip in case of single bets, accumulator bets and system bets.
NB: The longer it takes you to make a decision on cashing outy our bet (partially or in full), the more likely it is that the cash out odds will change, and not always for your benefit.
Cash out is impossible if:
What else should you know about Cash Out at 1xBet?
Auto sale is also available on the 1xBet website. The customer indicates the amount for which he would like to cash out his bet. As soon as the price reaches the desired amount, the bet will be settled early automatically.
If you have cashed out a part of the bet, the designated threshold for auto sale will be cancelled.
CASH OUT at 22BET
Let's take a look at the conditions for cash out offered by the sports betting site 22Bet. To use the option, you need to:
The minimum and maximum amount for cashing out a part of the bet is determined individually for each bet slip. In some cases you can only sell your bet in full.
22Bet's Cash Out offer includes bet slips with single, accumulator and system bets.
The bet can not be cashed out if:
On the 22Bet website customers can also use the Auto Cash Out feature specifying in advance the preferred price for that. Before selling the bet the client can still request other cash out types for the same bet slip.
CASH OUT at MELBET
Both full and partial bet sale are available to customers of Melbet. However, the Auto sale option is not yet available on the Melbet online betting site.
The minimum and maximum cash out amounts that a customer can get to their account are determined on a case-by-case basis, depending on the bet itself. Melbet does not notify users in advance for which particular match the function (full/partial) will be available. To find that out you need to place a bet first.
As for partial cash out, both one-time and multiple use of this feature for a particular bet may be allowed.
Cash out is possible for single and accumulator bets.
Cash out is not possible at Melbet if:
Remember! The longer it takes you to make a decision on cashing your bet out, the higher is the chance of the odds changing. Therefore your transaction will be rejected. If this happens, you will need to re-open the window with your bet and try to request cash out again, but at a new price.
CASH OUT at SPORTYBET
SportyBet offers the best cash out betting experience in Kenya. There are all three cash out types available: full, partial and auto. And the minimum amount for cash out is just 1 KES. Each game for which the option is available is marked with the appropriate tag next to the event names.
Some more details about cash out at SportyBet that users should be aware of:
CASH OUT at BETWINNER
Betwinner is one of the best betting sites in the world, operating also in Kenya. And it also offers its customers this popular function. To cash out you have to go to the bets history section and find your bet there.
A customer of Betwinner can choose either full or partial settlement. The minimum and maximum amounts for partial cashing out are determined individually for each market. The amount for partial cash out of a bet slip is limited to the bet amount only. So you can use partial cash out of one bet once or many times.
CASH OUT at BETSAFE
The Betsafe betting site offers two types of cash out: full and partial.
Here's how it works:
In the general terms and conditions the betting company states that this option may not be available for some matches and markets in the pre-match or live betting. But you do not know in advance if you are able to sell your bets during the match or not. You will only find that out after you place a bet.
Here are the reasons why cash out may be unavailable at Betsafe:
Other important facts to know about the Cash Out offer at Betsafe:
CASH OUT at HOLLYWOODBETS
At Hollywoodbets you are able to cash out your bets both in full and in parts.
Cash out amount is calculated on the basis of current odds. The price may vary depending on the situation in the match. Accordingly, if at the time of cash out the odds are changing, this deal becomes unavailable for settlement. You will have to re-open the dialog window in order to have your bets recalculated.
Cash out at the Hollywoodbets betting site is unavailable for futures (long-term betting markets) - e.g. season winner, tournament top-scorer, etc.
What else is important to know about the Cash Out offer at Hollywoodbets:
Cash out is a form of betting insurance. In case you are not sure if your bet can win, it is better to make yourself safe and have your bet cashed out. Cash out is a very handy tool to control your profits or cut your losses. However, just like other bookmaker features, this function has its pros and cons, which you should be aware of before using this option on sports betting sites.
This is a complicated question. On the one hand, you are guaranteed to cut your losses and not lose all your money in case of an unfavourable turn of events. On the other hand, some exaggerated caution will keep you from getting the maximum payout for a bet that ends up winning. The correct use of this function is a skill that a user can master if he regularly places bets on betting sites and makes a profit over a long period of time.
As a rule, Kenya betting sites with cash out do not explain why some events are available for this sports betting option and some others are not. At the same time bookmakers always reserve the right to suspend, modify or limit the use of cash out for any market and for any match without prior notice to the client. This is possible even if the function has previously been announced as available for a particular event.