Cashout has become a fever among punters. Perhaps largely due to the ease of guaranteeing a profit or minimizing a loss on Betfair, the largest betting exchange in the world, now bookmakers also need to show concern in offering this type of service. If you like to close your bets without depending on the final result, today we are going to talk about how to cash out at 188Bet.
What is cashout?
In case you are not familiar with the term, cashout is the name given to the command to close out a bet. Thus, it allows the bettor to guarantee a profit in the middle of a game, regardless of what happens in terms of the final result.
This gives the user some security because, in case the team he bet is winning the match, a part of the profit can be guaranteed before the match ends, preventing him from surprises like a goal in stoppage time or a penalty poorly marked by the referee (something which, by the way, is increasingly difficult with the growth of VAR).
How to cash out at 188Bet?
Before we continue with the article, I invite you to watch this video below made by Gabigol. In it, the entire betting process at 188Bet is done. So, you can visually understand how to place your bet and also how to close it. The cashout process is very simple. For every bet placed on the 188BET website, you have a “my bets” panel. All the records will be there and, in the case of bets that are being settled live, you have the possibility to cash them out.
Note that the green “Close” button offers a return of $58.03. As the stake is $50, that means a profit of $8.03. Also notice, in the same image, that the potential profit was $12. That’s exactly what happens in cashout: when your bet is winning, you can give up part of the profit to guarantee a win even if the match isn’t settled. Thus, it avoids the scares that we mentioned earlier.
What influences the cashout value?
The cashout amount is not random. Three main factors interfere in the calculation of it by 188Bet to define what is the payment to be made to the bettor. Are they:
- Odds: the variation between the odd made on the bet and the current odd of the same event.
- Game time: The closer to the end, the higher the payout, as there is less time for a game score reversal.
- Amount Bet: Also, the amount depends on your potential profit. The cashout will always be less than the amount that would be earned waiting for every match. Also, remember that it is possible to make partial cashout, that is, remove only part of your bet and reduce the exposure value.
Is it worth cashing out at 188bet?
In general, the answer is negative. Bookmakers use a strategy called juice: they place greater probability than the real in each quote, devaluing the fair odds a little. In cashout, what happens is the same thing: you are accepting a double juice. In the long run, these values end up making a difference.
Furthermore, the exact calculations of how much a bettor is paid to close out a bet are also a bit unclear. There is no clear and precise sharing on how everything works, which reinforces the previous problem.
However, it is necessary to evaluate the scenario of the match. If your bet is winning, but you see unreasonable pressure from the opposing team, it might be worth at least reducing the exposure a little. Still, it’s better to do this manually, with a new bet, than using the 188Bet cashout button.
Want to bet on a house that offers cashout?
If you like bookmakers that offer cash out, 188Bet can be a good option. Just don’t abuse the resource for what we just signaled in the last topic, ok? Remember that for new users, 188Bet offers a special bonus for the first deposit. Take the opportunity to create your account today.
What are the payment methods for withdrawals and deposits?
Although 188Bet offers support for a few payment methods, the options available to Brazilian bettors are quite popular here, which ends up making everything more practical and accessible from an operational point of view. Many even, with accelerated bank clearing, which can complete the operation automatically and allow you to start betting quickly.
You can, for example, make deposits through internet banking that usually takes place within a few seconds. In addition to bank transfers, also available to Bradesco and Santander banks, you can use the debit function of the Pay4Fun and AstroPay Card electronic wallets, Mastercard, and Visa credit cards, and bank slips.
Customer support
If you need any information or help with the service, please scroll to the bottom of the page and click ‘Contact Us’. There you can choose one of the means of contact available to customers or visitors, which are: email address and live chat.
Messages sent to support via email, as with any other online service, take about 24 hours to respond. Something that is only indicated for doubts or questions without much urgency. As a faster alternative, the company has implemented a chat service, through which you can chat with an agent in real-time.
188bet Advantages and Disadvantages
STRENGTHS
It offers a good welcome bonus offer for new users of the service.
It has a live chat for customers and visitors that works 24 hours a day, 7 days a week.
It offers a very simplified and intuitive interface, which facilitates the organization of multiple bets.
NEGATIVE POINTS
Compared to other services, the company could offer more payment methods.
You could include in your services some more customer service channels like a phone number, for example.
It would be nice if the company offered more account validation options like a link to Facebook or messaging apps.
Conclusion
Online sports betting fans will agree that this is a very popular site in the world for the quality of service. In Brazil, the company is relatively recent but has a lot of growth potential in the sector. There are some downsides to the service, although they aren’t too big. Only issues that can be rethought and adapted to the local needs of Brazilians. From this, we believe that it is a company that can quietly offer you good betting conditions, both in sports and in casinos. So, it’s worth doing the 188Bet test to check out everything the platform has to offer you, in a reliable service with proven credibility.
