One of Europe's leading online bookmaker's, Betway, announced on Friday that they are about to integrate the popular cash-out feature for their sportsbetting product. The cash-out feature means that players will be able to close coupons prior to games ending, against a fee.
Simply put, players who are worried about a final match ending in their favour or not, have the possibility to sell back their coupon to the site and get a smaller payout, but still get a payout. This eliminates some risk for players and benefits bookmaker's as well.
The cash-out feature will be integrated on singles, multiples of up to six different games and system bets on pre-game markets and in-play games, both on mobile and desktop. The feature brings Betway to the same level as competitors Bet365, Paddy Power, Tipico and Betfair, who has been offering the product for a longer period.
The date of the release has not been disclosed yet by Betway, but it will be somewhere in the near future. The new product is expected to improve Betway's betting performance, which has been declining slightly with the increased competition.