Cash Out on BetPawa: All You Need to Know
Wilson Auma Content Writer

6 minutes to read

Cash Out on BetPawa: All You Need to Know

By placing a bet, any bettor plans to win. However, the situation on the playing field does not always develop as planned. Previously, the player could only watch how their bet lost. However, betPawa users can now take advantage of the cash-out and save some money. This review will take a detailed look at this feature and how to use it.

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betPawa Withdrawal Methods

If you’re asking yourself how to withdraw from BetPawa, we’ll explain. Both the deposit and withdrawal processes are organized simply and logically. Users can quickly create a withdrawal request in their account. For this:

  1. Open the withdrawal page on the website or mobile app.
  2. Type your first and last name in the window that appears.
  3. The system may request the number of an identity document. Enter it in the appropriate field if required.
  4. Specify the amount you wish to withdraw.
  5. Click the Request withdrawal button below the form.

The service processes requests for the withdrawal of funds within 15 minutes after their creation.

What Is a Cash-out Feature and How to Do It?

BetPawa: What Is a Cash-out Feature and How to Do It?

Cash Out is an opportunity to request an early settlement of a bet at a bookmaker’s office or on an exchange — before its outcome occurs. You either take a profit that is less than the potential or a loss that is less than the bet. Essentially, this function is betting insurance, reduced to pressing a button.

There is a formula for calculating net profit/loss when buying back a bet without taking into account the margin: (X * (Y – 1) – X * (Z – 1)) / Z,

where X is the stake amount, Y is the initial bet odd, and Z is the bet odds at the time of cash-out.

A cashout should be considered in terms of its benefits to the player. This feature has both positive and negative sides.

Pros

  1. It’s convenient. You must click one button instead of manually calculating the bet insurance.
  2. Chance to fix profit. If you’ve made a risky bet and things are going in your favor, you can make a nice profit and not have to wait for the team to wake up and shoot twice as many at the gate of an insolent opponent.
  3. Chance to save part of the bet. If things don’t go in your favor, you can agree to lose part of the money and save the rest.
  4. It brings excitement. Now you not only keep track of the results but constantly track the situation in the game to catch the right time for cash-out. 

Cons

  1. This is less profitable than self-insurance rates. You pay a margin twice when you use the Cash-Out feature at a bookmaker.
  2. The buyout margin of an accumulator bet is usually even higher than that of a single bet.
  3. You may be wrong. Thousands of players refused to use Cash Out after they exchanged a crane for a titmouse: they took an early settlement of the bet with a smaller profit when there was only a little patience before a big win.

All the Necessary Steps to Cash Out Your Bet in betPawa

All the Necessary Steps to Cash Out Your Bet in betPawa

This option is available for almost all sports and many events. There is an orange icon next to games that can request a cashout, so you can easily find them.

To request a Cashout:

  1. Click Menu of Account and open the My Bets tab.
  2. Select the bet you want to cash out and click the Request Cashout button to see the current amount you can get at the moment.
  3. You have 15 seconds to take advantage of the offer. If you do not have time, repeat the previous points.
  4. If you are happy with the offered amount, hit the ‘Confirm’ button, and the system will instantly credit the cashed-out amount to your account.

Note that once the cashout offer as you accept the cashout offer, the system fixes the payout amount. The payout amount will not change whether the slip wins or loses.

Bank Withdrawals

betPawa processes withdrawals via MTN Mobile Money and Airtel Money. To receive funds to your bank account, link it to the e-wallet and, after receiving it, transfer the money to your account yourself.

Conclusion

With the Cash-Out option, players can request the settlement of a bet before it is completed. The conditions for selling a stake can be both profitable and unprofitable. The Cash-Out option is provided only for bets with events still present in the bookmaker’s line. The function in question is not available in all betting companies. Sometimes the option is unavailable in the pre-match, and Cash Out may not work for some live games. To calculate the profit on the sale of a bet, use a formula — players can understand the profit’s size after independent manual calculations.

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F.A.Q.

  • Are there any specific terms when cashing out?

    You can request a Cashout offer at any stage, from when you place your bet to when it's settled. Sometimes, the offer will not be available due to market status (unavailable) or event status (in fluctuation).

  • What is the minimum deposit amount?

    The minimum sum you can transfer to your account in Uganda is 500 shillings.

  • What is the maximum withdrawal limit at betPawa?

    The maximum sum you can withdraw depends on the limits of your mobile money operator. betPawa does not limit the sum for withdrawals.

  • Can I use different options for depositing and withdrawing?

    Yes, you can top up your balance in one way and withdraw money in another.

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