What is the process for withdrawing winnings at Supabets?
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One of the leading names in South African sports betting, Supabets offers customers the chance to bet on a huge range of sports at highly competitive odds.
When your bets come in, withdrawing money from your account is fast and painless. But how do you withdraw winnings from your Supabets account, what are the minimums and maximums, and what do you need to know about withdrawals before signing up and placing your bets?
How to withdraw winnings at Supabets
Withdrawing winnings at Supabets is simple. Once winnings are credited to your balance, you need to tap on Balance on the screen to access the Withdrawal menu.
From here, you can choose the most convenient withdrawal method, as well as deciding on the amount you want to withdraw. Withdrawals can only be processed to withdrawal methods registered on your Supabets account. Fortunately, there is support for a wide variety of payout methods, including eWallet, voucher services and EFTs.
It’s always worth being mindful of the minimum and maximum withdrawals in place, as well as any bonus wagering requirements where applicable before requesting your withdrawal. This will ensure your withdrawal is approved, your bonuses are left intact, and your withdrawals are processed as seamlessly as possible.
What is the maximum payout on Supabets?
The maximum payout on Supabets varies depending on the sport you are betting on. In the case of football, the maximum payout per customer is R30 million.
For lotto bets, the maximum payout available is R15 million. Note that this isn’t necessarily the maximum withdrawal amount, which varies depending on your chosen payment methods. So if you do happen to get lucky enough to win the maximum payout per customer, you will need to withdraw in chunks to draw down your prize.
The maximum possible withdrawal from a Supabets account stands at R500,000 per day. Withdrawals are usually processed on a 24-48 hour processing time, so you should be waiting no more than a couple of days plus processing time to receive your funds - even if you’re withdrawing at the maximum possible level.
What is the maximum bet on Supabets?
The maximum amount you can bet per transaction at Supabets is R100,000. This will be a comfortable range of most punters betting on most sports, though some high rollers will no doubt be disappointed with this limitation on their betting.
The maximum bet varies depending on your account status and what you’re betting on, and will be as low as R5,000 for new accounts. As you bet more at Supabets, more privileges open up on your account, including higher betting maximums, as well as a range of other perks.
For full information on the maximum bet amount, you should consult the Supabets terms and conditions. Alternatively, you can reach out to support to clarify your understanding - available by live chat for easy communication of key details about betting there.
How do I cash out on Supabets?
Supabets offers live in play betting and cash out on a large range of events, allowing you to get closer to live action with your betting. The cash out algorithm automatically decides on an amount for instant settlement, so you can close out your position now for a guaranteed payment.
You can see this offer by looking at your betslip, where you’ll be presented with a cash out button where applicable. This will show the amount you can accept to cash out your bets now. This closes your bet early for a guaranteed win now, which can help control the risk of your bet turning into a loser as the event wears on.
When it’s time to cash out from your Supabets account, the Withdrawal menu is your key to pulling funds out of Supabets to your payment method of choice. Simply click on the menu, choose your withdrawal method and amount, and you’ll be ready to start the process.
What is the minimum withdrawal at Supabets?
The minimum amount you are eligible to withdraw from Supabets is R50. This is in keeping with the minimum withdrawal levels across a number of other South African bookmakers, and certainly shouldn’t pose problems for most customers withdrawing from their account.
Withdrawals are only made to customers who have verified accounts in good standing. Note that if you do request a withdrawal before you have met any bonus wagering terms, or with active free bets still in account, you may forfeit the right to use these bonuses or to ultimately withdraw from them.
Always read the bonus terms and conditions before deciding to withdraw, even a minimal amount, to make sure you don’t jeopardise your account in the process.
How long do withdrawals take at Supabets?
Withdrawals tend to take just a few days all-in at Supabets. Once you’ve requested a withdrawal, it goes to the customer support team for processing.
They will run the necessary checks, including fraud and money laundering prevention checks, to make sure you are honestly requesting a withdrawal, and that they have all the information they need to meet their licensing obligations. Once that process is passed - usually no more than 24-48 hours from making a withdrawal request, funds are sent to your nominated withdrawal method.
Depending on the payment method you’ve chosen for receiving withdrawals, you may have to wait anywhere from a few more hours to a couple of days to receive your payout. Bank transfers tend to be the slowest form of payout, with eWallets the fastest way to get your hands on your winnings.
Supabets has a reputation for fast, flexible payments, which applies for both deposits and withdrawals from your account. It’s part of what is helping Supabets become an increasingly popular choice for South African sports bettors, in search of a fair, trustworthy place to bet online.
With low minimums, a decent maximum withdrawal, fast processing times and a range of payment methods for handling your withdrawals, getting your hands on your winnings is as easy as possible when you bet with Supabets.
