1960Bet, a leading sports betting operator, is about to launch Cash Out (Full and Partial), a game –changing innovation that is expected to revolutionize sports betting in the Nigerian market.
Dotun Adegbile, Chief Executive Officer at 1960Bet, revealed that Cash Out is an important product that the modern day better needs to have access to, as it puts the decision-making power firmly in the hands of the punters, giving them the power to settle their bets before the games are ended.
Adegbile added that what this means is if the punter’s bet is going well they can, through Cash Out, take their profit there and then and if things are not quite going according to their play, they can equally use Cash Out and limit their losses. He added that these Cash Out offers will be available for all types of sports and betting options.
Adegbile went on to say that singles and accumulator bets are also eligible for Cash Out and will be available online, on mobiles and customers can still Cash Out in-shop. He also said that Cash Out offers cut across Pre-Game and Live Games with no qualifying odd conditions attached.
He explained that should a punter make a five-team accumulator bet of N500 for the weekend’s football matches – two Premier League games on Saturday, two La Liga games on Sunday and one Bundesliga game on Monday night and all five selections win, he stands to win N50,000. He added that if the first two selections and the Sunday bets come in, the punter is left with his Monday night selection and if the team the punter backs takes an early 1-0 lead in the game, they concede a penalty a few minutes later, have their goalkeeper sent off as a result and the opposition team converts the penalty to level 1-1.
He went on to say that the punter would now be at a significant disadvantage and that now would be a great time for the punter to consider cashing out his bet so as to give himself a return on his bet. He added that by doing this, he will get a return on the bet but if he leaves the bet to run to a natural conclusion, his Monday night selection could lose and he will be left with nothing.