If you frequent various sportsbook sites or are at least a tad bit familiar with sports betting, you might be aware of a feature called early payout. The opportunity to utilize this feature only becomes available after you’ve placed a bet. Turns out, it is a feature offered by various online platforms, not just sports bookmakers. Usually, under specific conditions you can take advantage and get your payout quicker. Our guide will explore how Early Payout works across different services and what you should know about such sportsbook features.
Early Payout – How it Works?
Sports betting sites like Bet365 offer an Early Payout on specific conditions. Interestingly, according to their own data, Bet365’ customers take advantage of the early payout on 45 % of their Premier League bets.
For single bets on the winner, if the team you’ve bet on (because this mostly applies to bets on the winner) takes a significant lead during a match, you can expect this option to be unlocked.
- For example, in football, if your team leads by two goals at any point, Bet365 will pay out your bet in full, regardless of the final match result.
- For basketball, this can be 20 points.
- For NFL and gridiron football, 17 points, for example.
- This feature is available on various competitions but is usually restricted to major leagues like the English Premier League, UEFA Champions League, NBA, NFL, etc.
The best thing is that once this feature becomes unlocked, you not only have the chance, but absolutely MUST take it. More and more situations in the Premier League occur where a team bottles a lead late in stoppage time or in the NBA where no lead is safe nowadays. The best thing is that if you select Early Payout but your team still manages to lose in the final seconds, it does not matter as it will not affect your bet.
Furthermore, early payout is not restricted to just sportsbooks. You can also find it at online casino games. Visionary iGaming’s Live Blackjack offers you this option based on the probability of their hand winning against the dealer’s up card. This decision can be made at any stage of the hand, providing flexibility and control over your bets so you can better protect yourself against very unlikely events ruining your hand’s chance at victory.
And finally, if you’re interested, this feature is also available in select online marketplaces and freelance platforms. Sites like StockX or Fiverr offer it to help businesses and service providers with cashflow.
Limitations and Important Considerations to be Aware of
If your sportsbook has this feature, you should know not only the benefits but also limitations and considerations, regarding an early payout.
While the feature offers numerous advantages, it comes with certain limitations and conditions. For instance, in sports betting, the feature might not apply if the bet is edited or placed after the game starts. Moreover, you might be restricted to a handful of leagues and events. So, if your insights to them are not top-notch, you could face an uphill battle trying to take advantage of this. At this point it becomes an idea without too much benefit for you.
Besides, not all platforms offer this feature.