Cash Out Policy
Our Cash Out feature offers our users an opportunity to take a quick return before an event has finished. When this feature is available you can Cash Out a bet before the conclusion of your original placement. Will you not rather win than loose all?
With Cash Out, you no longer have to wait for your bet to reach its natural conclusion, you have the opportunity to track your selections and Cash Out at any point of your choice.
You place an N 100 live bet on the Nigerian national team to win against Brazil at odds of 2.40.
- Scenario 1: after 40 minutes, Nigeria scores a goal and takes the lead (1:0). Since this increases the likeliness of your bet being won, we may offer Cash Out of N180. You have the option to either take a sure N180 or wait until the end of the game, hoping Nigeria will still be in the lead then.
- Scenario 2: after 40 minutes, Brazil scores a goal and takes the lead (0:1). Since it seems more likely now that your bet will be lost, we may offer Cash Out of N50. You can now take N50 to make sure that not all your stake is lost or hope that the run of play will change.
In order to Cash Out, the feature must be available and show the Cash Out figure for your bet. A time delay in accepting a Cash Out request is in place. Please note that if a price changes or a market suspends then the Cash Out request may not be successful.
Cash Out is available on selected events, fixtures and markets both pre-match and In-Play, on single and multiple bets, for a variety of sports. Where Cash Out is available pre-event and we do not cover or we stop covering the event In-Play, then Cash Out will be unavailable once the event starts or when In-Play coverage stops. Cash Out will not be available when a market is suspended.
By clicking on the cash out icon, you expressly agree that the amount offered by us will depend on the performance of your selection(s) and may be higher or lower than your original stake enabling you to either guarantee a profit or minimise a potential loss. You also agree to be bound by the Policy, Terms and Conditions stated herein.
How to cash out
There are a number of ways you can monitor the Cash Out amount being offered for an eligible bet.
Once you have logged in to your account, the amount of unsettled bets you currently have will be indicated by a number next to the ticket list section. Simply click on \"open ticket list\" to see any eligible bets along with the current Cash Out price.
You can also Cash Out on your mobile, just visit the Cash Out tab to show your eligible bets.
Terms and Conditions
Cash Out is available on selected events, fixtures and markets both pre-match and In-Play, on single and multiple bets. The option to partially Cash Out a bet is available for selected single bets, straight accumulator bets and other multiple bet options.
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'
If a price changes or a market suspends then the Cash Out request may not be successful.
We may, at our absolute discretion, choose to accept or decline Cash out Request. Cash out Request may not be accepted for reasons including, but not limited to, a change in odds or the suspension of a market (including any leg of a multi wager).
The Cash out Price is inclusive of your original stake. Cash out amount is non-negotiable and will not exceed the value of the original estimated return. You will not be eligible for any Bonuses or any other promotions in relation to wagers that have been successfully Cashed Out. Any wager which is Cashed Out will not be considered a wager for the purposes of meeting any turnover or wagering requirements for Bonuses, rewards, prizes, or any tasks necessary to fulfil a campaign or promotional offering.
In the event that a Cash out Request has been accepted in error (including where a Cash out Price has been incorrectly offered) or an amount has been incorrectly credited to Your Account in connection with a wager that has been Cashed Out, We reserve the right, at our absolute discretion, to adjust Your Account to the extent necessary to rectify the error or the incorrect credit. Such adjustment may include: settling the Cash out Request for an amount equal to the Cash out Price which would have been available in the absence of such error; or
Reversing the Cash out Request and settling the wager on the original wager instructions; If, as a result of any such adjustment, Your Account goes into debit, We may recover from Your Account, as a debt due, the amount of the deficiency in the account.
If the Cash Out request is successful, this will be displayed and the bet will be settled immediately. The actual final result of the original bet will have no impact on the Cash Out amount.
The Cash Out amount offered at any time is the total amount that will be returned to your account if the Cash Out request is successful.
Once the Cash Out icon is pressed, the Cash Out cannot be reversed as all Cash Outs are final
The maximum number of events cashable in a ticket is 20.
Where Cash Out is available pre-event and we do not cover or we stop covering the event In-Play, then Cash Out will be unavailable once the event starts or when our In-Play coverage stops. Cash Out will not be available when a market is suspended.
The 'Cash Out' functionality is not available for bets placed as 'Freebets'.
We reserve the right to void the original wager which was Cashed Out, refuse to Cash out a wager, or require repayment of any amounts paid by Us in respect of the original wager (including the Cash out Price) where: we reasonably suspect a wager or Cash out Request has been made by any individual or group of people (including, but not limited to relatives, organizations, bookmakers and their employees) acting together either in an attempt to defraud Us; or the original wager or the Cash out Request was made after the relevant event has finished; or where We are otherwise entitled to void the original wager or require repayment under these Rules.
You acknowledge and accept that circumstances within or beyond Our control may prevent, limit or delay the operation of Cash out, and that We will not be liable to any person for any loss incurred or sustained in connection with or as a result of cash out being unavailable or delayed; and/or Any act or omission, deliberate or negligent, by You, any customer or other third party, in connection with Cash out.
We are not liable for any losses which may arise in connection with a Customer's use of the Cash out feature or Cash out Request being accepted or declined by us. Where a Customer has placed a wager on a market that was not available for Cash out at the time the wager was placed by the customer, the customer will not be able to make Cash out Request in relation to that wager, even if we subsequently make Cash out available on that market.
1960bet reserves the right to remove without notice all or part of the Cash Out feature for any customer or group of customers where it has reasonable grounds to believe that the customer or group of customers is misusing the Cash Out feature by frequently using it to take advantage of pre-event price movements or any other indication or mode of abuse and closing their bets through the Cash Out feature before the event has started.
1960bet will not be responsible if the Cash Out feature is not available for technical reasons and bets will stand as originally placed during any such period.
Scoreboard services and other third-party information streams or provisions are provided for guidance only. We do not accept any liability for any bets cashed out based on information provided by these services or any other related services.
1960bet cannot guarantee that the Cash Out feature will always be available, even where the functionality has been advertised in connection with any event
1960bet reserves the right to accept or decline any bet/wager requested for any sport, competition, market or bet type that is included in the Cash Out feature.
1960bet reserves the right to amend, suspend or remove the Cash Out feature (or any part of it) at any time for any event, fixture, market or customer. Any bets placed on such events, fixtures or markets will stand as originally placed.
1960bet reserves the right to reverse the settlement of a Cash Out if the bet or a market is settled in error.
List of all markets not eligible for Cashout. LINK