Hollywoodbets have officially launched their own cash out product, that allows punters to cash out pending bets on Soccer and various other sports. Cash Out is not new to the South African market as there are already several bookmakers offering the feature, including Betway and Sportingbet. In this post we are going to have a closer look at how to cash out at Hollywoodbets and some of the important terms you’ll need to familiarize yourself with when using the new feature. If you’d like to know more about other features on offer at Hollywoodbets, please see our Hollywoodbets review.

All About Cash Out

There are a few key points you’ll need to remember when using Cash Out, the most important one to note is that cash out is only available on Hollywoodbets mobisite. Other than that the feature is similar to what you’d find at other bookmakers. If you’re not sure how cash out works in general you’ll want to understand exactly how cash out works before continuing. Below are a few things you’ll need to know before using cash out at Hollywoodbets.

  • The cash out icon will only appear in Recent Bets/Bet History when your remaining legs are not in-play and have been resulted if already played.
  • Hollywoodbets may offer the option ‘Cash Out’ for bets placed through its online platforms. You will have the option to accept settlement of bets you have placed, before the result of the bet is determined.
  • The ‘Cash Out’ amount is calculated based on the current odds and is subject to change depending on when you chose to accept a ‘Cash Out’. ‘Cash Out’ gives you more control over your bets and offers an opportunity to take a return before an event has finished. With ‘Cash Out’, you no longer have to wait for your bet to reach its natural conclusion, you can track your selections and ‘Cash Out’ at a point of your choice.
  • The ‘Cash Out’ functionality is available for selected multiple bets only.  ‘Cash Out’ is available for a range of markets on pre-match football matches, if the bet is still running and betting is still available on every unsettled selection.

How Hollywoodbets Cash Out Works

  • A pre-determined settlement value will be offered based upon the selections, prices taken and current status of the betting transaction.
  • You can only cash out pre match and not inplay or live.
  • Only available on the Hollywoodbets Mobi Site

For Example:

  • A R50 treble is placed on West Ham, Everton, and Tottenham
  • West Ham and Everton both win their 4:00pm kick-off matches and Tottenham is due to kick-off at 6.30pm.
  • A ‘Cash Out’ settlement value will be offered on completion of the West Ham and Everton matches, before the kick-off of the Tottenham match providing betting is still available. The cash settlement can be redeemed immediately.
  • The ‘Cash Out’ settlement value is non-negotiable.
  • If the ‘Cash Out” settlement value changes during a settlement transaction, the transaction will not complete and a revised settlement value will be offered, which will have to be accepted before proceeding.
  • Where any selections are suspended or closed immediately after the customer’s request before the conclusion of the ‘Cash Out’, the ‘Cash Out’ will be blocked.

We hope you found our guide on how to cash out at Hollywoodbets useful, for more on how to start betting online check out the Ultimate Online Betting Guide as well as the Betting Bonus homepage.