Withdrawals from Betway are convenient, fast, and hassle-free, thanks to their wide range of withdrawal methods. You can easily request a payout on Betway via desktop or mobile. However, there are certain processes to follow before approving your withdrawal. Learn about cash-out percentages, withdrawal timing, and limits with this helpful guide.
What Are the Essential Things to Remember When Cashing Out at Betway?
Each betting platform has its set of rules that you need to follow. It also applies to Betway, and here are things to know before placing a withdrawal request:
- The minimum you can cash out at Betway India is Rs 1,000. It’s higher in comparison with many other platforms in India.
- The site’s withdrawal duration is 24 hours for many payment channels. But for bank transfers, it may take 5 to 7 working days. However, you may experience issues. Approval may take longer if you don’t verify your account and submit the correct documents.
- Another condition for Betway India is to bet the total amount of your first deposit before cashing out.
How to Cash Out from Betway India?
You can use the following method withdrawal methods at Betway:
- Ban transfer
- Credit/debit cards
Here are steps that will help you in withdrawing your winnings:
- Head to the section labelled ‘Account’ on your Betway account.
- Tap the icon named ‘Withdraw Funds.’
- Pick the mode of payment you want to use.
- Input the amount you want to withdraw.
- Tap the ‘Withdraw Now’ icon.
- Then wait till your Betway payout request is approved.
Note: The minimum you can cash out at Betway is Rs 1000, regardless of your method. Additionally, the bookie doesn’t charge any withdrawal fee, but some providers may charge. Therefore it’s vital to check with the provider you prefer to see what the charges are.
How to Verify Your Betway Account?
Before cashing out your winnings, Betway requires you to verify your account. The bookie requests this to comply with the KYC rules and regulations. For account verification, you need to do the following:
- Go to your account and tap on account verification
- Upload your valid ID photo, a utility bill for address confirmation and a bank statement or card used to deposit. Then you can request a cash out as you wait for approval.
Failure to do this may lead to cancelling your withdrawal request. If you experience any issues, contact customer support.
How Long Does It Take to Withdraw Funds from Your Betway Account?
Betway, one of India’s top betting sites, accepts multiple payment methods and is renowned for its fast cashout service. Cash-out requests are typically approved within six hours, and standard payout times range from 24 to 48 hours. However, the duration for funds to reach your bank account depends on the chosen withdrawal method. Here are some of the ways and the approval period for each:
- Bank transfers take 2 to 3 working days.
- E-wallet takes 2 to 24 hours.
- Debit cards take 2 to 3 working days
For requests placed during weekends and public holidays, cash-out processing at Betway will be conducted on working days. Therefore, submitting your cash-out request during regular working days and hours is advisable to ensure prompt approval.
Betway Betting Odds and Payouts
In this section, Betway shows its commitment to its loyal users. The site offers price boosts for various events across various sports, leading to a competitive offering. Besides this, the Betway payout calculation shows that the rates are decent and higher than the average of top bookies.
It is vital to know that each winning wager is subject to a small retainer by the bookie to cover its costs. The remaining is the payout rate that the winning client receives. The payout rates can be higher for popular game bets with a significant uptake. Therefore for a 1×2 wager on a match in the German Bundesliga, the payout is 95%.
Other matches that receive a similar rate include the Premier League, Italian Serie A and the Primera Division. On the other hand, the Champions League matches pay less, which is around 94% and Europa League games 92%. For winning wagers on the famous second division, Bundesliga games pay about 93%.
Betway also has a decent payout percentage for basketball, tennis, ice hockey and American football. In this category, the bookie ranks as the best with high payout rates. In tennis events such as challenger, ATP/WTA, and ITF, the payout is at 92%. The UTR is exceptional as the payout is higher at 93%.
For basketball, the NBA rate is higher at 96%, Euroleague at 94% and CL at 93%. Betway also offers excellent payouts for ice hockey. The best paying is SHL and NHL at 96%, KHL at 95%, DEL at 93%, and Del 2 at 90%. Last but not least, the least NFL payout rate is 96%.
Betway cash-out request takes around 6 hours for approval. However, requesting through the bank transfer might take 3 to 7 working days. On the other hand, the e-wallets will take a day for the money to get to your account. Betway does not charge any fee apart from those that the service providers levy. When withdrawing, you must verify your account, or the bookie will cancel the cash-out.