Kenyans love sports wagering and with the exit of major betting sites from the market, the cashout feature which allows you to get money back on your bet before the event you are betting on is over also left.
Now, local bookmaker Betika which is one of the few sports betting sites left standing is testing out its own cashout feature. Here punters will be able to withdraw from a bet if they are not willing to wait. The amount of money you will get back is determined at the time of cashing out and will depend upon the current likelihood of the bet winning meaning it could be greater or less than the initial stake.
How to Cashout on Betika
The amount you cashout will never be more than the total potential win of the bet slip, the cashout option will also allow you to pay out a portion of a bet before it is settled or even cancel your bet before kick-off.
After cashing out, your initial bet is considered settled and closed and will no longer appear in your Open Bets.
To get the cashout feature, Betika says you can ask a friend who has already been activated to send you an invite or send them a DM of your phone number to facilitate follow-up on your request.