Bet365 Implements 3 Key Sports Betting Features in New Jersey
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Bet365 has implemented three features for its New Jersey customers — an auto cash out, a partial cash out and an edit bet process.
Partnered with the Hard Rock Atlantic City, bet365 made its U.S. debut and entered the New Jersey sports betting market in August 2019. The UK-based online gambling company and one of the best-known sports betting brands in the world announced the Hard Rock partnership in July 2018.
Bet365 announced in May a partnership with Century Casinos to enter the emerging Colorado sports betting market.
Here are highlights of the three bet365 features in New Jersey:
Auto Cash Out
This feature allows you to create a request to automatically Cash Out your bet entirely where the Cash Out amount offered reaches a chosen value. If the Cash Out value reaches or exceeds the threshold you have set, your bet will automatically be settled and the funds added to your balance.
Partial Cash Out
A Partial Cash Out allows you to get a part of your winnings, while also allowing you to leave part of your risk on. For example, if you place a bet of $100 and you wanted to partially cash out $20 of your bet, with this feature, you are able to cash out the $20, while leaving the remaining $80 to run on your original bet.
You can then partially cash out your remaining risk more than once, up to 10 occasions for straight bets and five occasions for parlays.
So on your remaining $80 from the above example, you can partially cash out another $20, leaving $60 to run on the bet.
The Edit Bet option gives you the ability to add, swap or remove selections and increase the risk on unsettled bets both pre-game and with In-Play wagers. You can also use the feature to change your bet type to any applicable parlay option, or between Win Only and Each Way, where available.
For example, you have the ability to turn your unsettled 3-Team Parlay into three 2-Play Parlays.
The Edit Bet feature is offered when Cash Out is available for all unsettled selections within your bet and where the outcome of the bet has not already been determined. So even if a number of selections within your parlay have already been settled, you still have the option to use the Edit Bet feature.