The Cash Out feature at Bovada allows you to take more control of your money, by cashing your bet out early.
Maybe you’re ahead, or you just picked up some key info in the middle of a game and want to play it safe – in any case, you can use Cash Out.
The only types of checks we cannot cash are personal checks. Cash limits and the costs to you. As of 2018, we have a check cashing limit of $5,000, although we increase this limit to $7,500 from January to April of each year. Our check cashing fees are $4 for any checks up to $1,000. For checks between $1,001 and $5,000, the fee is $8. A courier check is one of the most common payout options for players at Bovada however it is also one of the slowest despite being delivered via FedEx, UPS or DHL. This method is also one of the ways that Bovada prefers to process their payouts as indicated by the one free payment check issued to users every month. Not sure what bovada is doing, but betonline is having their Canadian banks send the checks in US funds. So no more having to wait for bank to send to fed, then wait as they force it trough Got my latest check 2 weeks ago and it cleared in 3 days. Lady said since it's in US funds, it will clear asap.
Step 1 - Check Availability The Cash Out feature may not be available for every type of bet or sport, so check that it’s available before placing your wager. Step 2 – Click the Cash Out Button You’ll see the Cash Out amount near the bottom of your screen. Got lucky and won 3k. I know the SEC pretty good and won on a 5 team parlay. I left 300 in there to play small the rest of the year.
WHY USE CASH OUT?
It’s a great way to secure your money.
Say you’ve got money on a team to win, and with a few minutes to play they’re ahead but not by much. So you would rather take some sure money now instead of waiting and potentially losing it all. Cash Out lets you bank the sure money right away. This is just one of the many reasons why it's a great feature to have when you need it most.
HOW IT WORKS
At any point while you have an active bet in play, you can decide to cash out. Your bet will be removed immediately, and a pro-rated amount of your projected winnings will be deposited into your account.
Step 1 - Check Availability
The Cash Out feature may not be available for every type of bet or sport, so check that it’s available before placing your wager.
Step 2 – Click the Cash Out Button
You’ll see the Cash Out amount near the bottom of your screen. Clicking this will remove the bet from your account and the funds will be deposited to your account.
Step 3 – View Confirmation
You’ll see a message confirming that the Cash Out was successful.
MORE THINGS YOU SHOULD KNOW
- Cash Out is available across many sports at Bovada, with more becoming available each week. If it’s not yet available for the bets you want to place or markets you want to playin, keep checking our lines regularly.
- The ability to Cash Out may be suspended in instances when a live line is no longer available.
- You can cash out only the full amount of your original bet – no partial cash out is available.
Check out our Help section for more information.
Depositing money to Bovada offers various deposit methods including VISA Credit / Debit / Gift Cards or the 'Rapid Transfer' Moneygram. A card deposit is the easiest and fastest of Bovada deposit options. Netspend debit cards have a high success rate and lesser successful include Greendot and Vanilla VISA cards. Bovada charges a 4.9% fee for card deposits except for the first deposit. Betonline is the only other US poker site that charges for such transactions (6%). So, a $20 deposit really needs to be $20+4.9%. $20 is the minimum card deposit and the max is $500. Using Moneygram, expect 15 minutes for a deposit and 24 hours withdrawal time. By depositing $300 or more at a time and withdrawing max once a month, Bovada takes care of all the transaction fees. (Otherwise deposit fees are $12-$20 and withdrawal fees $20-$60.) The minimum Moneygram deposit is $10 and the max is $800.How to Withdraw Money from Bovada
Bovada Check Cashing Credit Card
Your available withdrawal option depends on the way you deposited money to Bovada. If you made a credit card deposit, you can withdraw the money as a check. Bovada has the fastest check payouts out of all US poker sites. If you made a Rapid Transfer deposit, you can withdraw the money by using Rapid Transfer. To withdraw by credit card, you must complete the credit card verification form on Bovada's website. The minimum check withdrawal is $20 and the max is $3000 and for Rapid Transfer withdrawals $100-$750. There is no charge for your first check withdrawal of each month, however cashing out for the remainder of the month costs $50 each. Rapid Transfer cash out fees are $20 to cash out $100 - $199, $30 to cash out $200 - $399, $45 to cash out $400 - $599, and $60 to cash out $600 - $750.