Betting Apps With Cashout in Kenya

Cashout can be viewed as some sort of betting insurance. If you are not certain that your bet will succeed, it’s best to protect yourself and have it cashed out. Cashout is a great tool to limit your losses and manage your profits. Of course, this option has advantages and drawbacks, which we will discuss in this article.

Cashout Betting Apps in Kenya

We decided to review some of the best apps in Kenya that offer this super-handy feature.

Top-3 Cashout Apps

Below are three of the best betting apps that offer early bet settlement in Kenya.

BetWinner

BetWinner boasts a huge amount of fans in Kenya. Both the BetWinner app and the desktop version boast a great interface and a plethora of features, including cashout. You can never go wrong with BetWinner. The bookie has developed a great betting app, which can be used on iOS and Android phones.

1xBet

Since its launch, 1xBet has cemented itself as a favorite among bookmakers not only in Kenya but also worldwide. The platform boasts an awesome choice of betting options and payment methods, efficient customer service, and thorough guidelines on how to use the platform. 1xBet boasts a perfect mobile app compatible with Android and iOS phones.

Betika

One of the leading betting and gambling platforms in Kenya, Betika is a great go-to wagering destination for local punters. The bookmaker offers excellent services on a 100% legal basis. Their app works for Android phones.

What Is Cashout Betting?

By using the cashout option, you can settle prior to the end of the sporting event on which you place your wager. In this case, you can settle the bet as a winner before the winning spree is gone. However, your odds and, consequently, your winnings will be significantly lowered if you choose to settle your wager early. It is a con. On the other hand, you will lose your stake and receive nothing if your bet reverses from a winning to a losing position.

How Cashout Works?

Once you pick your wager details, you check if the cashout option is available for your bet. If it is, you keep it in mind and can choose to settle your bet early if it starts to look risky or is on the edge of losing.

Why Cashout Is Important

It gives you freedom and ease of mind. You have less stress if you know that you basically can bail from your bet at any moment in time.

The Best Time to Cash Out

This is a tricky question. Usually, it’s best to settle your bet when you understand that it is turning into a losing streak. Alternatively, you can monitor the odds, which fluctuate a lot during the game, and pick a perfect moment when the odds are high.

Types of Cashout

Yes, you can select from a range of options. Let’s see below.

Full Cashout

You can choose to cash out your bet in full. In this case, you will receive the cashout amount offered by the bookie to your account straight away. It is crucial to remember that the odds, in this case, can be quite low.

Partial Cashout

By using this option, you can settle only part of your bet early. It looks like a good compromise between being safe and adventurous.

Cashout in Accumulators

You can cash out your accumulator bet with most Kenyan bookmakers that offer this option at all. Of course, there is no exact science of when to do so. However, it makes sense if all the legs of your acca have won, and only one is left. In this case, choosing to cash out may be a good choice.

Bet Builder Cashout

A Bet Builder is an accumulator bet where all the selections are linked to the same event. You can cash out a Bet Builder if all the selections are still ongoing and eligible.

Auto Cashout

After placing your wager, you have the option to specify a price limit that the bookie will use as an anchor to settle your bet automatically, even if the game hasn’t ended yet. We will provide just a short tutorial on how to do so. This algorithm works with all the bookies that offer auto cashout.

1. Log into your account.
2. Choose your game and select all the details of your wager.
3. Pick the cashout option.
4. Select auto cashout and enter your desired price to initiate cashout. You can choose either full or partial cashout.

Factors to Consider When Using Cashout

An early settlement will constitute a portion of your initial wager (less than 100%) unless your chosen team is really leading and most likely to win. This percentage is computed using a number of variables, such as the game’s flow, the number of minutes remaining till the end, past performance of teams and players, and current odds for the outcome of the game. We’ve already mentioned the time factor; let’s look at the other ones.

Event Volatility

Odds offered by the bookmaker depend on the course of the event in question. Each game, race, or match is subject to sudden and unexpected changes due to outer factors, such as shifts in weather conditions, injuries, and other force-majeure events. It is crucial to catch the odds while they are at their peak. It takes experience with a pinch of luck.

Value Assessment

How can you understand the current value of your bet if you choose to cash out? The value is calculated by estimating the potential winnings from a wager and the odds you would have received if you placed your bet at the moment of your cashout. The bookie can also add extra margin to get a fair share of your bet.

Personal Strategy

You can work out your personal strategy by reading betting forums and experts’ reviews. Cashout is a great tool to enhance your winnings if used wisely.

Factors to Consider When Choosing Cashout Betting App

Looking for the best wagering app that offers cashout? Not satisfied with the options we considered before? Okay, here are some important tips on how to choose your perfect app in Kenya.

Odds and Markets

Odds the bookie offers are probably the most important factor when choosing to cash out. As we mentioned before, you will always get lower odds while cashing out; the earlier you cash out your bet, the smaller the odds. Most websites, by the way, use automated tools to determine odds during cashout. 

In any case, the bookies we reviewed above offer really competitive odds for cashout bets.

Best Odds Comparison

As much as we would like to, we cannot give you an exact layout of which apps to pick for this or that sport; we cannot do so. Odds fluctuate all the way through the game and are subject to the oddsmakers of the platforms. The only tip is to pick bookies with generally competitive odds.

User-Friendly Interface and Mobile Compatibility

In terms of neat and handy interface, Kenyan bookies are ahead of the curve due to high competition. Online bookmakers are growing like mushrooms under a spring rain, but only a handful succeed in attracting herds of punters. Of course, the interface is the face of the app, so all platforms develop their mobile apps with this factor in mind. As for mobile compatibility… Well, the only issue here is that many bookies only develop mobile apps compatible with Android phones. 

So, if you are a proud owner of an iPhone, it’s better to double-check with the platform to see if they offer a mobile solution for your phone.

Reliability and Security

Security is the top priority when choosing a bookmaker. No punter wants to lose their money or, what’s even more important in the long run, their private data. Therefore, always choose bookmakers with valid betting licenses. The number of the license is usually reflected in the footer of the page.

Bonuses and Promotions

While choosing your perfect bookmaker, mind bonuses and incentives the platform offers. They are actually the quintessence of betting and help you boost your winnings and skyrocket your wagering experience. Above, we listed some of the best Kenyan bookies that offer cashout and nice welcome bonuses for new punters.

Conclusion

Early payouts are a great means to safeguard your funds and winnings. However, do not rush to cash out your money early. Read our tips below and take your time to figure out how early settlement works. Do not forget to wager responsibly!

FAQs

What bets are eligible for cashout?

It depends on the bookie. Not all wagers and markets are eligible to settle them early. You can check if your chosen wager can be cashed out in your betslip.

What is cashout used for?

This option is used to settle wagers before the event ends.

How is cashout calculated?

Most bookies use automated tools to calculate odds during the game or match.