20Bet Cashout: Secure Your Sport Winnings & Minimize Losses

20Bet is a top sportsbook in every respect, from its range of sporting markets and live events to competitive odds and user-friendly website interface. Even banking and promotions — every aspect is lit!

And now, with the Cashout feature, 20Bet takes everything up a notch, giving you a fantastic experience. It’s a whole lot of awesome.

In this article, we’ll explain how the 20Bet cashout works and the terms and conditions you need to know to have the best time betting here. Also, check out our other 20Bet Canada guides, where we go over their other amazing features in great detail.

What is the Cashout Feature at 20Bet?

Say you placed a bet, and as the game progresses, you know you’re heading for a loss. You hope lady luck will shine, so you keep waiting, leaving your fate to chance.

With the Cashout Feature at 20Bet, you no longer have to wait. Instead, you can get your money back and live to bet on another event. Cashout, as the name suggests, means you sell your wager slips back to the bookie if you think your bet is heading down the wrong path.

At 20Bet, the following cashouts are available:

Full: Sell the whole bet slip and get all your money back.
Partial: Keep part of your bet and close the rest. This works if you have multiple bets in an event.
Auto: Set a limit at which you’d probably want to close your bet. If, at any time in the game, that limit is reached, your bet is automatically cancelled, and your money gets cashed out.
Edit: This is best for live games. You can constantly change your bet to add, swap, remove, or increase your stake as the event unfolds.

Types of Bets Eligible for Cashout at 20Bet Canada

Not all bets qualify for cashout. At 20Bet Canada, the feature is available for:

Pre-match bets – Placed before an event starts.
In running bets – Bets placed while an event is live.
Single and multiple bets – Accumulator bets satisfying the cashout terms.
Selected sports and markets – Availability depends on the sport and specific betting markets.

A great thing about 20Bet is that it’ll let you know if a particular bet is eligible for cashout within the original bet slip. So, you know beforehand if you have this tool handy to manage your wager.

How to Use the Cashout Feature on 20Bet Site

Using the cashout feature on 20Bet is simple. Just follow the steps below:

Log in to your 20Bet account – Go to the “My Bets” section.
Check eligible bets – If a bet qualifies for cashout, an option will be displayed.
Review the cashout offer – How much you’ll get back depends on real-time odds.
Confirm the cashout – Click the button to settle the bet and receive the payout instantly.

Advantages of Using the Cashout Feature at 20Bet

Who wouldn’t love a second chance? Cashout is like another try because it protects your money on bad wagers. But when a game is live, how can you tell if it’s a lousy wager before the very end?

Well, this comes down to your observations and understanding of the sport. Your keen eye, logic, and ability to connect the dots make all the difference here. Cashout is merely a safety net, but we’ve seen experienced players double and triple their wings using the cashout feature’s edit and partials option. So, really, the advantage is how you make it!

Cashout vs. Letting Bets Run

Deciding when to cash out or let a bet continue depends on your exposure, the loss you stand to make, and how the other bettors and bookies are seeing the game itself. Because, in live odds, the amount you can cash out is constantly changing based on real-time results. Here are some pros and cons for you:

Pros

Minimise losses – You won’t lose all your money if the bet is lost.
Secure profits early – Secure part of your winnings before the game ends.
Greater control – Adjust your betting strategy as the game progresses.

Cons

Reduced payout – The cashout value may be lower than the full potential winnings.
Limited availability – Not all bets or sports qualify for cashout.
Dynamic pricing – The cashout offer fluctuates based on live market odds.

Terms and Conditions for 20Bet Online Cashout

The best way to make the most out of the 20Bet Online Cashout feature is to have a good grip on the terms and conditions. Particularly the ones we’ve highlighted below.

When the Cashout is Not Possible

The game is in its final moments or has concluded.
The market is suspended due to a major in-game event.
The cashout feature is disabled for specific bet types or promotions.
Technical issues or delays in odds updates.

Responsible Gambling

While cashout is your safety net, it should be used responsibly. Bettors should avoid excessive gambling and stick to a budget. 20Bet promotes responsible gaming by offering free self-exclusion tools, deposit limits, and other features to make your betting safe.

FAQ

Can I Cash Out on Live Bets at 20Bet?
Yes, cashout is available for live bets, depending on the market and event.
What Happens if I Partially Cash Out My Bet?
If you choose a partial cash out, a portion of your wager is settled, and the rest remains active until the game concludes.
Are All Sports Eligible for Cashout?
No, the availability of cashout depends on the sport and specific betting market.
Does Using the Cashout Feature Affect Bonuses at 20Bet?
Yes. Some promotions and bonus offers may not include cashout bets. So, it’s a good idea to check the bonus terms before using this feature.