I’ve got some exciting news for you! Bovada has announced the release of a new Cash Out feature for its sportsbook. This option has been available to players from other parts of the world for years now, but it’s the first time that US bettors will have it at their disposal.

1. How Fast Does Bovada Payout
2. How Long For Bovada Payout
3. How Does Bovada Payout

I think that’s a good reason to take a closer look at how cash out works, including the pros and the cons of the feature. Since I regularly travel between the USA and Europe, I’ve used it in the past. For this guide, I will be speaking from personal experience.

Quote Originally Posted by ParlayKing811: I have requested a relatively small payout amount from Bovada($1000). I am currently beyond the 7 days, with no payment( today is 10 business days).

Before I explore the best and the worst of Cash Out, let me just clarify that Bovada has released it for both pre-game and live betting for several popular sports for now. Considering the rapid rise of the innovation in Europe, I expect to see Cash Out available for most events and betting markets soon.

Let’s start with a simple explanation of the main concept behind the feature. Cash Out allows each player to close a wager before the event is finished. For example, let’s say that you back the Warriors to beat the Rockets in a game from the NBA regular season.

Recently I deposited funds via BTC into a new Bovada account just to try it out. Took exactly 3-5 minutes to process. I'm not a brand new better, I've been playing at 5dimes and betonline for some time now but after getting limited on 5dimes I decided to try out a different site so I would have increased limits. Players looking to get a payout from Bovada will have to submit a request to customer service of their intent to do so. From there, the payout method is selected, and the timeframe in which the money will be received is given. Look below for more detailed info on the fastest sportsbook payments available from Bovada. Your total payout, which is your winnings plus your risk amount, calculates like so: 10 x 1.71 x 2.20 = $37.62.The maximum wager payout for the Bovada Sportsbook is $100,000. No wager payout will exceed this amount under any circumstances, including parlays.

The encounter is close and the Warriors are slightly ahead with five minutes left, so you don’t want to risk it. Instead of waiting for the game to finish and potentially losing everything, you can now use Cash Out and settle your bet right there.

Naturally, you won’t receive the same return as you normally would if you wait for the Warriors to win the game. However, since they are ahead, you will most certainly lock a profit.

It’s possible that you could actually Cash Out at a loss, too, if the Warriors were losing the game when you used the feature.

I’m sure that some of you have been using similar tactics in the past, just not automatically. In the example above, you can achieve the same result by backing the Rockets to win the match with a second bet. However, it takes time and effort to calculate the exact stake so that you get the desired return.

Furthermore, the odds change frequently once the event is live, and there are some markets that aren’t so straightforward. The Cash Out feature solves all of these issues by giving you the opportunity to close the wager with a single click.

Such flexibility can be really useful, but it comes at a price. You are giving up on some of your potential profits and some of the value you found initially when you use the Cash Out feature. With that in mind, let’s move on to the advantages and disadvantages of Cash Out.

Here are the positives of using Bovada’s new Cash Out feature.

Every experienced gambler knows that sports betting includes a lot of variance. Even if you are a long-term winner with a proven system, your results depend on luck in the short run. We’ve all been on the receiving end of last-minute winners for the other team or other dramatic events right at the end of various sporting events.

It’s extremely frustrating, and it could cost you a lot of money. Additionally, there are cases in which you simply have the nagging feeling that something bad is going to happen. Well, you can now do something about it with Bovada’s Cash Out option.

You can avoid the late comebacks and watch the rest of the game as a mere spectator. Simply close the bet and enjoy your profits. Of course, Cash Out can also be used in the opposite situation, when things aren’t going your way. There are some dire situations when you’ve completely written off your bet. After the release of the new feature, you can save some of your initial investment by closing the wager.

What Cash Out achieves with only one click is remarkable. Most pro users have been doing all sorts of gymnastics to execute techniques like green markets, hedging, and similar for years. You can now get the same result with only a few clicks.

Simply imagine the following. You place your wager and start watching the game. You want to secure your profits, but Cash Out is not available. You need to calculate the exact stake based on your initial investments and odds, as well as the current price.

By the time you do it, the odds will probably change, and you’ll have to start all over again. It’s a risky and time-consuming endeavor. Or at least it was before Cash Out was released. The feature allows you to instantly close the bet.

I firmly believe that one of the best uses of Cash Out is to secure big hits. There are different scenarios here, like placing a wager that’s unusually large and important for your bankroll or going after a fun bet on an insane price.

The point is, there are occasions in which there’s a lot of money on the line. When that happens, you better not leave it only to luck. If things are going your way, the wise choice would be to give up on a small portion of your winnings and collect the rest.

A lot of people love the Cash Out feature and use it all the time, which is a huge mistake. The reality is that the betting sites are pushing the option for a good reason. You will understand what I mean after I go through the negative sides.

My single biggest issue with the Cash Out feature is that you are giving up on value. The bookmakers are not offering a fair price, because they apply a certain margin. To understand this better, let’s look at an example.

How Fast Does Bovada Payout

Let’s say you place $10 on a price of +100 on the Warriors to beat the Rockets. Your expected return is $20. The game starts, and everything is going according to plan. The Warriors are leading by 10 points in the middle of the fourth quarter.

They are a huge favorite to win at this point. For the sake of the example, let’s assume that they are exactly an 80% favorite to grab the victory. That means, once you’ve reached this particular point, you have an 80% chance of winning $20 and a 20% chance of losing everything.

The simple calculation shows that your initial $10 wager is currently worth $16. The problem is that the bookmaker won’t give you $16 to Cash Out. You will be offered something in the region of $15.20 to close the bet. Essentially, you will “pay” $0.80 for the service, and that’s not worth it in the long run. Using the Cash Out feature too often can have a negative impact on your long-term results.

I don’t think that Bovada has changed the terms and conditions of the current bonuses and promotions to include the Cash Out feature yet, but based on my experience with European bookmakers, I’m sure that’s inevitable.

Simply put, the bets that are paid out with the Cash Out feature don’t count for the wagering requirements of the special deals. If you’re clearing a bonus, using the feature will slow you down significantly. It’s not the end of the world, but it’s something you should consider.

That’s important since Bovada just changed its Bitcoin welcome bonuses, and some of you might want to take advantage of that. You now can obtain 75% of your first deposit up to $750 for sports betting and 125% up to $1,250 for casino games.

It’s time to try and answer the big question. Should you use the Cash Out feature? Well, that depends. You shouldn’t use it frequently, and you should be selective, but that doesn’t mean to ignore it altogether. There are several situations that can be considered.

The first and obvious one would be to secure significant profits. If there’s a ton of money on the line, you should certainly contemplate Cashing Out.

The other scenario would be to actually find a situation in which there’s positive value for you, similarly to the way you discover it in your standard bets. If you think that the probability of a certain outcome is higher than what the return from the Cash Out feature suggests, go for it.

Finally, sometimes you simply need a win to end a bad streak. We’ve all been there, and it’s good to make money from some of your wagers when that happens. You can restore some of your confidence, regroup, and move on.

My honest opinion is that having the Cash Out feature at your disposal is better. I expect more of the leading US betting sites to include it in the near future now that Bovada has opened the floodgates.

You can visit Bovada to check this feature out for yourself. Be sure to take advantage of it, but always be sensible with your wagers!

Of all the online sportsbooks where American players are allowed to sign up and create accounts, they might not have a better one to do so than at Bovada. This sportsbook is all about the U.S. sports bettor, and that is evident from the ways to deposit, to the sports betting odds themselves, and all the way through to receiving a payout.

But for this purpose, we want to talk about the payout options available at Bovada. This sportsbook really makes it easy for American bettors to receive fast withdrawal when they choose to take money out from their accounts. But there is certainly some important information that players should be aware of going in, such as what methods are available, how long payouts take, fees attached, and more.

How Long Do Bovada Withdrawals Take?

The time it takes to withdrawal for Bovada users can be as little as 12 hours, or as long as four business weeks. That seems like quite a disparity doesn't it? Well, these options are not all for the same method, as Bovada offers several. Players looking to get a payout from Bovada will have to submit a request to customer service of their intent to do so. From there, the payout method is selected, and the timeframe in which the money will be received is given. Look below for more detailed info on the fastest sportsbook payments available from Bovada.

Bovada Withdrawal Options For 2019

Bovada is as good as ever in 2019, offering players the chance to get their winnings through a variety of different outlets. In total, there are four ways to receive a payout from this sportsbook. They are by way of a check or bank draft, Western Union Transfer, cash money transfer, and a bank wire.

Bovada has offered these sports betting withdrawal methods for several years, but continually try to improve the quality of service for each method, getting winning to players as fast as they can. All of these payout options are available to American players, which certainly makes it nice to take advantage of for those living in the United States.

Bovada Withdrawal Policy

Bovada requires players looking to make a withdrawal from their account to visit their 'Payout' page. Here, all of the information and steps to proceed will be available. There could be some verification forms required. For example, if a player deposited with a credit card, Bovada's Credit Card Transaction Processing Agreement Verification Form may be required to verify the card a player funded their account with, prior to receiving a payout. There is a full verification form section located on site at Bovada.

Bovada takes roughly 24 hours to process a payout request that is made by a player, and once authorized, is immediately sent at the payout request that was previously made.

Bovada Withdrawal Fees

Check + Bank Draft Fees - A courier check through DHL, FedEx or UPS typically comes with a fee of less than $30, but could vary depending by the amount.

Western Union Transfer - Fees range hinging on the amount being withdrawn here. They can be anywhere from $20 to $60 going from the minimum amount of $100-$200 withdrawn, all the way up to the maximum of $800 per payout.

Cash Money Wire Transfer - The lowest fee that bettors can expect with a cash wire transfer from Bovada will be $40. The fees are higher than a Western Union Transfer, with the maximum amount going up to $150, which is charged to those receiving the highest payout of $2,000.

Bank Wire - A fee of $50 can be expected for those players who are looking to go with a bank wire. But for the amount that players can get with a bank wire at Bovada (maximum of $7,500), that fee is relatively small by comparison.

Bovada Withdrawal Limits

The limits to which bettors can withdrawal, both from a minimum and maximum standpoint go up and down with the different methods.

Check + Bank Draft - Only a $20 withdrawal is required, to a cap of $3,000 per check received from Bovada.

Western Union Transfer - At least $100 needs to be withdrawn from a Bovada account with a Western Union transfer. But if players are so inclined, they can go all the way up to $800 per transfer.

Cash Money Wire Transfer - Cash money transfer minimum payouts mirror Western Union's $100 minimum, but do go higher for max withdrawals - a $2,000 limit is set for these.

Bank Wire - Big players looking to withdraw a lot of money will be happy to go with a bank wire, with at least $2,500 needed to use this method, though extends upwards of $7,500.

Bovada Withdrawal Issues

How Long For Bovada Payout

As with any sportsbook, problems and/or questions can tend to arise when receiving a payout. And while Bovada is still one of our highest-rated online sportsbooks, if players feel the need to seek further assistance there will be plenty available on site.

Verification forms are always an important part of the payout process, and there is the potential for issues to come up here, but it will all be sorted out provided that you are able to provide the proper identification. Just make sure you have what is required going in, to avoid any problems.

How Does Bovada Payout

If you ever need any help with payouts or anything else, please visit Bovada's homepage in order to seek support. They have numerous ways in which they can be contacted including toll-free telephone numbers for anywhere Bovada accepts players. They even have ways to contact the payment department directly should you ever need assistance.