Sports Betting

Show more
  • Newsletter

    Do you want to get notified about new betting bonuses, offers and other important news?


What is Cash Out?

what is cash out

Cash out is a relatively new feature that is being offered by gambling companies in recent years to the bettors. Nowadays every bet placed has a cash out button next to it, so you can close your ticket any time you want, before the event ends.

This smart feature keeps you alerted, simply because you can use it even as early as before the start of an event or during it, allowing you to lock your winnings or restrain your losses with a simple push of a button.

Cash out has gained a lot of importance and is considered an important factor in choosing a betting company. That is why more and more betting operators are adding this feature, also for those who want to play from their mobile phones, either out of fear of losing players but also to attract new ones. Check out which betting sites offer cash out feature here.

Betfair was the first sportsbook operator (betting exchange, to be more precise) to introduce an early form of cash out. Of course, the differences in the way it works with respect to other betting operators are more than obvious and completely different to Betfair’s (sell – buy approach instead of cash out).

How does Cash Out work?

Although its function varies between operators, the general idea is the same and is illustrated below:

The bettor has the opportunity to “close” – to settle a bet (single or multiple), with the operator offering a settlement of a part of the overall winnings, regardless of the final outcome.

It works the same way from the opposite side. That is, if the bet seems to be getting lost, a bettor could, before the event ends, reduce the losses by cashing out part of the amount from its original stake.

Example of a winning cash out

You have bet ₦10 on Team A on 2.00 odds, to win Team B. If A team is ahead in the 15 minute, you can have a ₦12 cash out (out of the ₦20 you would have won, if the game had concluded on a Team A win) to settle your bet. However, if the game reaches the 80 minute and the result stays the same, the offered cash out could be around ₦17.

Example of a losing cash out

You have bet ₦10 on Team A on 2.00 odds, to win Team B. If A team is losing in the 15 minute, you can have ₦5 cash out (out of the ₦10 you have wagered and lost, if the game had concluded on a Team A loss) to settle your bet. However, if the game reaches the 80 minute and the result stays the same, the offered cash out could be much less, around ₦2.

Our Opinion

It is a win-win feature, since the betting sites are on one hand winning customers through it, while at the same time it is a useful weapon in the bettors’ quill as long as there is the experience and knowledge to use it properly.

Here are some cases where cash out can be really useful:

  • The game is coming to an end and the team you bet on wins, but is under pressure
  • Your team gets a significant difference in scoring early in the game and the betting company gives you almost all of the cash through the cash out
  • In multiple bets, multiple bets or systems, when all options have been won, only the last game is left and your team is ahead at any time of the game

Bookmakers Welcome Bonuses

bet9ja logo100% Welcome Bonus Up to ₦100.000
betbiga logo100% Welcome Bonus Up to ₦50.000
betwinner logo100% Welcome Bonus Up to ₦100.000
22bet logo100% Welcome Bonus Up to ₦50.000
wazobet logo110% Welcome Bonus Up to ₦50.000
betbonanza logo100% Welcome Bonus Up to ₦100.000
melbet logo200% Welcome Bonus Up to ₦100.000
18bet logo100% Welcome Bonus Up to €100
betway logo100% Free Bet Bonus Up to ₦100.000
konfambet logo300% Welcome Bonus Up to ₦100.000
nairabet logo100% First Bet Bonus Up to ₦10.000
accessbet logo100% Welcome Bonus Up to ₦100.000
1xbet logo200% First Deposit Bonus Up to ₦100.000

Football Tips


Top 5 Bookmakers - Visitors

1.bet9ja logo
4.76/5 - 21 votes
2.betwinner logo
4.50/5 - 10 votes
3.22bet logo
4.13/5 - 8 votes
4.westernbet logo
4.10/5 - 20 votes
5.1xbet logo
4.08/5 - 12 votes
  • Betting Sites

    Find out all the key information that there is to know for the most important and reliable betting sites, that operate legally in Nigeria. As well as detailed evaluation on the pros and cons of each betting operator.

  • Best Betting Sites in Nigeria

    The selection of the best betting sites is based on security, reliability, variety of sports events and betting markets, quality and efficiency of customer service and the variety of deposit and payment methods.

  • Selecting a Betting Company

    The growth of the betting industry has been rapid in recent years. New companies are constantly emerging, while older ones update their products and enrich their offerings. The question that concerns the bettors is how to be able to make the right choice by opening an account with the “most appropriate” betting company for them.

  • How to Open an Account in a Sports Betting Site?

    Opening an account with a betting company is a process that typically does not take more than 5 minutes. The first thing you need to have is an email account and of course, you need to decide which betting company to sign up for. You can make your pick from all the betting sites listed on

  • Betting Bonuses Types from Bookmakers

    Most betting companies offer sign up bonuses to attract new customers. Bettors who wish to join a betting company take these bonuses very seriously and betting companies know that potential customers want to receive high bonuses when registering.

  • Online Casino in Nigeria

    We present to you the online casino sites that operate under a legal license in Nigeria. Here you can obtain a quick and complete idea of the games and services offered by all casinos.