It’s important to note that cashout offers are dynamic and can change rapidly, especially in live betting. The offered amount may be more or less than your potential winnings, depending on the situation. Therefore, you should carefully consider your options and the current state of the event when deciding whether to cash out or let your bet run to its conclusion.

Here are some popular betting sites that allow cash out:

Betway:

Betway is known for its user-friendly interface and offers a wide range of sports and markets for cash out. They provide cash-out options for pre-match, live bets, and outright bets

22Bet:

22Bet is another reputable betting site that provides cash-out functionality. They offer competitive odds and various sports events for cash out.

Betwinner:

Betwinner offers a comprehensive cash-out feature that covers various sports and markets. They also accept Kenyan Shillings and provide a user-friendly platform.

Melbet:

Melbet is known for its generous welcome bonuses and cash-out options. They offer the feature for both pre-match and live bets.

SportyBet:

SportyBet is a popular choice among Kenyan bettors and offers a cash-out feature for selected events and markets.

How does cashout work?

Cashout in sports betting allows you to settle your bet before the event you’ve wagered on is officially concluded. It gives you the option to lock in a profit or minimize potential losses. Here’s how cashout works:

Placing a Bet

1. You start by placing a bet on a sporting event, either before it begins (pre-match) or while it’s in progress (live betting).
2. Your bet may be a single bet on a specific outcome or part of a multi-bet (accumulator) with multiple selections.

Monitoring Your Bet:

• As the sporting event progresses, the odds and the likelihood of your bet winning or losing may change.
• Your potential profit or loss is dynamic and depends on the current state of the event.

Cashout Offer:

• The betting site continuously calculates a cashout offer based on the current odds and the status of your bet.
• This cashout offer represents the amount you can receive if you choose to cash out your bet at that moment.

Decision to Cash Out:

• You can decide to accept the cashout offer at any time before the event concludes. This means you can cash out during the game or match.
• If the cashout offer is satisfactory, you can choose to take it, and your bet will be settled immediately.

Settlement:

• Once you accept the cashout offer, your bet is settled, and the agreed-upon amount is added to your account balance.
• Your bet is considered closed, and you won’t have any further stake in the outcome of the event.

Examples of Cashout Scenarios:

• Profitable Scenario: You placed a bet on Team A to win a football match. Team A is leading, and the cashout offer is close to your potential winnings. You decide to cash out and secure your profit.

• Risk Mitigation: In a multi-bet (accumulator), most of your selections have won, but one is uncertain. You’re offered a cashout amount less than the potential winnings but higher than your initial stake. You cash out to secure some profit rather than risking it all on the last event.

• Change of Heart: You placed a bet on Team B to win a basketball game, but you have second thoughts before the game starts. You’re offered a partial cashout option that allows you to get some of your stake back. You decide to take the partial cashout.