Established in 2007, Betwinner is one of the few online bookmakers that offers its customers an early cash out option. With coverage for popular sports like football, ice hockey, cricket and tennis, the cash-out feature is a convenient tool that bettors can use to manage their bankrolls and avoid the pitfalls that come when events take a turn for the worse.
However, since many bookmakers do not offer a cash out feature, many bettors are unfamiliar with how to use the cash-out on Betwinner. Surprisingly, the cash out on Betwinner is easy to use and offers several options. Players can find various other features, such as the Betwinner affiliate program, Live stream and more, across the cash out option. Our Betwinner cash out guide will explain the different options punters can avail at Betwinner, explain how to cash out on Betwinner and provide a list of pros and cons bettors can consider before cashing out their bets.
BetWinner Cash Out Guide
Betwinner is aware that today’s educated bettors are much savvier and constantly evaluate the value a bookmaker can deliver. Likewise, Betwinner recognizes that its customers will not hesitate to move on if they are not offered the betting features they want, which is why the bookie offers an early cash out option.
The early cash out feature is the perfect example of Betwinner’s willingness to provide its bettors with flexible betting options. The feature lets you sell your bet back to Betwinner partially or in full at a reduced price if you feel it is in your best interest.
However, one of the problems with using this feature too often is it can frequently make you unsure of your bets.
For example, you placed a bet on an EPL match and initially found yourself in a winning position, only to see that change as a result of the opposing team scoring a goal. If you were to cash out early to reduce your losses versus waiting for the final outcome, you could be forfeiting the full potential of your bet.
While we do not negate this feature’s flexibility and how it reduces losses, it is only valuable if used correctly. Therefore, the smart strategy to follow when using the Betwinner cash-out feature is to evaluate match conditions before jumping the gun, so to speak. Doing so will save you from doubting your predictions and could ultimately see your eventual profits increasing versus depleting.
How to Cash out on BetWinner?
The Cash out option at BetWinner is called “Bet Slip Sale” and can be applied through your active bets. Here are the steps for doing this:
- Visit the “My Bets” section with your active bets.
- See if there is the option to Sell a Bet Slip.
- The system will show the amount for selling the betslip.
- If you are okay with it, click the button to Sell the whole bet slip or make a partial cash out.
- Confirm the Bet Slip Sale function.
Note that, in addition to the Full & Partial Cash out, you can also use the Auto cash out function.
BetWinner Cash Out Pros and Cons
While the cash out feature on Betwinner is an excellent option that undoubtedly can impact the amount lost when an event’s outcome looks less likely, there are pros and cons to using this feature. As using the cashout does come at a cost, here are some pros and cons you may want to consider.
- Pros
- Gives you greater control over your bets
- It can be used as a betting strategy
- Allows you to manage losses
- Cons
- This may cause you to second-guess outcomes
- Impacts potential profits
FAQ about Betwinner Cash Out
Why should I cash out?
One of the main reasons you should cash out is to manage your bankroll effectively by migrating your losses.
How often can I cash out?
Ideally, you should only cash out when match conditions suggest the odds of your bet being successful are unlikely.
Can I cash out any event?
No, you may only cash out when the option is being offered for a particular sporting event.
Last updated: 01 Jul, 2024 at 09:03