Which Betting Site has the Best Cash Out in South Africa?

Cash Out has revolutionised sports betting in South Africa in ways that are hard to imagine if you weren't a punter before it burst onto the scene. The team at Betting Guide certainly remember the dark old days before Cash Out, and we're pleased to say this feature has almost become standard across most online bookmakers today. 

While many betting sites in South Africa offer Cash Out, the feature doesn't work the same way across the board and the experience is quite different from one operator to the next. So your next question is probably, which betting site has the Best Cash Out in South Africa? 

To answer that question we'll compare the different Cash Out features available at some of our favourite sports betting sites in South Africa, and explain the pros and cons of using each of them.

To learn in more detail about how Cash Out works and when you should use it, check out this article. 

Betway Cash Out

Betway was an early adopter of Cash Out and their product is of a good standard. It allows you to take an early payout on your bets before they are settled. Your cash out amount will reflect in your "My Bets" tab and is based on the odds at the time you choose to look for a Betway Cash Out offer. The amount offered will never be more than the total potential win of the betslip.

To see if Betway Cash Out will be offered on a match in advance, look for the green 'CO' icon. Like with all other bookmakers, Betway does not guarantee the availability of Cash Out at all times, even if it's been advertised in connection with a particular event. Learn how to Cash Out on Betway.

Betway Cash Out Overview

Sportingbet Cash Out

Sportingbet was not only the first bookmaker in South Africa to offer cash out, but theirs remains one of the best around. One big plus is that they offer Free Early Cash Out, so you can get back your full stake without paying a fee, as long as the match/matches you bet on hasn't started and the odds haven't changed. 

Most other bookmakers that offer Early Cash Out charge a 5-10% fee for cashing out a pre-match bet, which means it costs you money to cancel a bet if you change your mind. With Sportingbet Cash Out however, you can cash out your bet for the same amount you originally staked free of charge.

Another bonus of using Sportingbet Cash Out is you can set your bet to Auto Cash Out if you have a certain amount in mind that you want to win. When your cash out value reaches the amount you choose, your bet will automatically cash out, and if not, your bet will stay in-running.

Sportingbet Cash Out Overview

Hollywoodbets Cash Out

Hollywoodbets might be the biggest bookmaker in South Africa but their Cash Out feature has serious limitations and leaves a lot to be desired. While it's great that you can conclude your bets early to get an immediate payout, the first problem is that Hollywoodbets Cash Out applies only to multibets, not singles. 

Secondly, Hollywoodbets Cash Out only becomes available after at least one leg of your multibet has concluded. You also cannot use Hollywoodbets Cash Out to cancel a bet before the match and get your money back, because one match must already be complete before you can use it. Learn how to Cash Out on Hollywoodbets.

Hollywoodbets Cash Out Overview

BET.co.za Cash Out

BET.co.za Cash Out is available on both pre-match and live sports for both singles and multibets across a variety of sports. When the feature is available, you can either choose to cash out your bet completely or take out a portion of your winnings and keep the rest of your bet going.

To use the Partial Cash Out feature on BET.co.za, click on the icon located to the right of the "Cash Out" button and choose the amount you wish to cash out.

BET.co.za Cash Out Overview

Sunbet Cash Out

Sunbet Cash Out is available for selected pre-match and live sports, on both singles and multibets. Like all cash out features, it cannot be used on free bets and the feature's availability is subject to change throughout the match. 

Sunbet Cash Out is fairly straightforward to use, and in our experience is available during all but the most pivotal moments in the match. For punters who have a change in heart and want to cancel a bet they have placed, Sunbet offers Early Cash Out with 5% of your stake deducted as a fee.

Sunbet Cash Out Overview

Gbets Cash Out

Once your bet goes live, or even before, there will be a Cash Out value associated with it depending on what's happened in the match so far. Like with all of these features, if the bet you want to Cash Out on Gbets is a multiple, your Cash Out value will depend on the results of your Live matches plus those already complete.

Aside from the standard feature, Partial Cash Out is also available at Gbets which allows you to take an early payout from a bet while still leaving the rest of your money to ride. Gbets charges a small 5% fee for Early Cash Out but you won't have to wait at all to cancel any bets you change your mind about. Learn how to Cash Out on Gbets.

Gbets Cash Out Overview

Supabets Cash Out

When you place soccer bets with Supabets, Cash Out makes it possible to take an early payout before your bets have resulted. The amount of your Supabets Cash Out offer is based on the odds at the time you opt to Cash Out, and will never exceed the potential winnings stated on your original betslip. 

For multibets, all selections must be winning for the Supabets Cash Out feature to be available. In the case of live events, only certain soccer markets will be available for Cashout.

Supabets Cash Out Overview

PalaceBet Cash Out

PalaceBet has a fantastic Cash Out feature available on their site which gives you more options exactly when you need them. PalaceBet Cash Out is available on Pre-Match and In-Play single and multibets across a variety of sports including soccer, tennis, cricket, rugby and more.

How PalaceBet Cash Out works is that you'll be offered a Cash Out value for your bet based on the current odds. Use PalaceBet Full or Partial Cash Out to get paid out before your bet reaches its natural conclusion, but remember that once you fully Cash Out you can't win or lose any more money than you have up to that point. 

PalaceBet Cash Out Overview

Which Cash Out is the best?

Now that we've given you all the facts, have you decided yet which betting site has the best Cash Out in South Africa? It's not for us to decide, try placing some bets and cashing out with these online bookmakers and see for yourself!

For more about online sports betting, casino games and lotteries in South Africa, visit the Betting Guide homepage to find bookmaker reviews, promotions, betting tips and more.