SBC News Voice of the Sports Betting Industry
Betway are set to be the latest sports betting operator to introduce a cash-out feature to its sports betting vertical.
Betway had revealed to industry news source – EGR Magazine that the product function will allow its customers to take out winnings or cut their losses during live events is currently under final testing
Betway cash-out will be allowed on singles, multiples of up to six selections and system bets on in-play and pre-match markets. The Cash-out function is set to be rolled out on both Betway desktop and mobile verticals.
Betway will join online betting competitor’s bet365, Betfair and Paddy Power in offering the feature. Betfair had stated in its quarter results that player engagement with Betfair Cash-out had improved bet wagering performance for the operator.
Betway product management have not given an exact date on when the cash-out function will be released, however the betting operator stated that its cash-out launch would be weeks away.
