How to withdraw money from Betika

Nov 29th, 2022 05:01pm

Kenyans enjoy wagering. In fact, it’s revealed by the polls that more than 50% of the population gambles in some capacity. Even though there are many various ways to wager, Betika and other online sportsbooks are among the most commonly used. In this article we will focus on Betika and its withdrawal process, because it can be quite frustrating if you’re doing this for the very first time. So today, we’re going to walk you through the process step-by-step. Let’s get started!

What is Betika and How Does it Work?

One of Kenya’s most well-known online sports betting platforms is Betika. It is owned and run by Shop and Deliver Limited, an organization with a Kenyan government license. It’s worth mentioning that Betika is one of the very few companies that provides an iOS wagering app besides the Android version.

You may wager on a broad range of sports on Betika, including rugby, cricket, tennis, and soccer. The platform adheres to strict international service standards, and its procedures are easy to follow: create an account, make a payment, place a wager using the deposit, withdraw the money in case of winning.

How to Withdraw Money from Betika

Let’s take a look at how to withdraw money from your account:

  1. Navigate to Betika’s website or run the app.
  2. Ensure you’re logged in.
  3. Open the account and find the “Withdraw” button.
  4. Pick the cash-out method among those suggested.
  5. Write down the sum you’d like to take out.
  6. Confirm the payout.

Money usually shows up in your bank account immediately, but on rare occasions, it could take up to 24 hours. If you have any doubts, reach out to the customer service team.

Payment Options

Betika offers plenty of payment options, for both pay in and pay out. You are free to use the most suitable one among the suggested e-wallets, payment systems, and bank transfers. Note that cryptocurrency is not on the list since the bookmaker does not support crypto wallets. Let’s take a look at M-Pesa, the most commonly used withdrawal method:

  1. Navigate to Betika’s website or run the app.
  2. Ensure you’re logged in.
  3. Open the account and find the “Withdraw” button.
  4. Select M-Pesa and specify the ID of your M-Pesa account.
  5. Write down the sum you’d like to withdraw.
  6. Confirm the payout.
  7. Done!

If the transaction went smoothly, both Betika and M-Pesa will notify you about a successful withdrawal and money transfer, respectively. Be sure to double check the data and digits you’re specifying while making a payout. Confusion in numbers can cause serious consequences, up to the loss of funds.

The Benefits of using Betika

  • One of the most trustworthy and secure online sports wagering websites in Kenya.
  • A large spectrum of wagering possibilities.
  • Straightforward and eye-pleasing design.
  • Betika owns a license for providing betting services, the document issued by the Kenyan government.
  • One of the best offered odds on the market.
  • Many available payment methods.
  • 24/7 customer service.
  • Mobile app for both Android and Apple users.
  • Custom promotions, like the “Betika Points” system.

Tips for Betting on Sports Online

If you want to enhance your chances of succeeding and lessen your losses when it comes to sports wagering, there are a few significant factors that you need to address. Here are some of them to get you going:

Knowledge

Before making any bets, it’s essential to do the “research,” just like with any other investment. This entails studying the teams, players, and odds provided by various bookies. You have to know everything about your bet before placing it.

Understand

It’s generally an excellent idea to start off with tiny bets until you’re comfortable with the process and have a great and clear understanding of how it works. If you lose your early bets, you’ll be less likely to lose a lot of money as a result.

Options

It’s crucial to look around and pick a bookmaker offering the service that suits you the most. There’s a huge variety in terms of odds, markets, sports and tournaments. Ensure you make a wise choice.

Discipline

Making excessive bets that one cannot afford to lose is one of the major blunders bettors make. It’s crucial to maintain self-control and only stake money you can let go without any consequences. Set a monthly limit and stick to it.

FAQs about Withdrawing Money from Betika

  • How long does it take to withdraw money from Betika?

It usually takes around 5 minutes for money to be transferred from Betika into your bank account. On rare occasions, it may take up to 24 hours.

  • What methods can I use to withdraw my money?

You can withdraw your money by bank transfer and through a payment system. All available options are displayed in the “Withdrawal” tab in the account.

  • What are the minimum and maximum withdrawal amounts?

For withdrawal a maximum daily limit is set to 70,000 KES, with a minimum limit of 50,00 KES.

  • Is there a fee for withdrawing money from Betika?

The company charges 15,00 KES for withdrawals between 50,00 and 2,499 KES, increasing to 33 KES if the sum is more than 2,500 KES.

  • Do I need to verify my account before I can withdraw money?

Yes, you will need to provide identifying documents, such as your passport or ID card, to validate your account.

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