To Cash Out or Not? Here Are 3 Factors to Consider

Back in the days – for those of us who have been into betting that long – the bettors weren’t spoilt for choice as they are now. Back then, the betting markets were limited, we could only bet on some events and we could only fund our accounts in one specific way or the other.

Remember?

But with each passing day and the increasing breakthroughs being made in the world of tech, betting has been made as seamless as possible. You can now fund your betting account from anywhere in the world, bet on a wide range of sporting events and even make a cash out on accumulated games even though some have not been played.

Because of how exciting the cash out feature is, more people have begun to use it to get more out of their betting business.

For those who don’t know how it works, it is simple: After making a selection of accumulated games, the “cash out’ feature gives you the opportunity to get a share of your supposed winning on that ticket before all the games on your bet slip/ticket are played and completed.

What this means is that you don’t lose all your money in the case of one game (or more) spoiling your ticket. You still get something out. But before you start using the cash out feature, there are some factors you must consider.

1. It could go either ways

And this is where it can get pretty tricky. The cash out feature is like the system telling you, “Take this money and run! If you wait any further, the next game may spoil your ticket. But then again, you can wait things out and make that big winning”.

No, we’re not being dramatic. That’s the long and short of the whole cash out feature.

The funny thing is, when you decide to cash out, the remaining games may come through. At some other point when you decide to ride out the wave, one game may spoil your ticket.

Our CEO has rightly tweeted it:

Cash out on @NairaBET can be very tricky. You cash out money and the remaining games “enter”. You will be saying you should have been patient. Sometimes you are patient and wait and you lose the last game and regret for not cashing out. To cash out or not? #NairaBETGoPay

— Oloye Akin Alabi (@akinalabi) January 16, 2018

We couldn’t agree more!

2. Differentiate between your want and need

Sounds like some tip on how to lead a good and healthy life, right? Well, it can also be used to make money with the cash out feature.

The way the cash out feature works is that, at some point, after some of the games on your ticket have been played, you’re offered an amount of money.

Now, whether you run or you stay totally depends on you. And that’s why one of the factors you must consider is to differentiate between whether you want the money being offered or you need it. If you want it, you can as well play the waiting game, that is, wait out all the games and see how it goes.

If you need the money, regardless of how small it may be, you don’t need to think twice about it. Cash out and walk away from the whole dilemma.

3. The games you select

For all the noise about cashing out, it will be impossible to get anything out of your betting business if you don’t choose your games carefully. Of course anything can happen but then again, you need to play your own part.

Make smart choices, choices you feel you can always rely on. This can even give you confidence enough to say no to the cash out feature and wait out your selection. “The patient dog” they say, right?

On a lighter note, if you’re waiting for an Arsenal/Real Madrid game, or a even Chelsea game – with all their draws and Morata’s these days – you might as well just go on to press that cash out button.

We can throw out these tips and factors to consider all day long. But then again it all comes down to you and what you want – or need, as the case may be.

So, what do you think? Will you be using the cash out option any time soon? If you have used it before, what was your experience like?

Leave us a comment and let us know.