As one of the instigators of the Cash Out revolution, Betfair have made it an essential an exciting tool for their players, Betfair cash out allows you to lock in a profit or reduce your loss at the touch of a button without having to trade manually.
Since its launch, the Betfair Cash Out option has helped millions of players to settle their bets early, in most cases these bets would have lost if they had run their course, as Cash Out brings in-play betting full circle, allowing you to settle bets early based on the odds available at the time.
For instance, if you bet on a match result and your team are winning heading to the final whistle, you will be offered an amount to settle the bet early, at slightly less than the full odds at which your bet was staked.
But if the opposing team get a goal back, your offer will drop accordingly, worse yet, if they draw level before you cash out, and the game ends in a draw or a loss, you will lose your bet as normal.
So it’s down to you to work out when the best time to Cash Out is, and if used correctly you can maximise your profits and reduce your potential loses.
If you’re still unsure as to how it works check out our Cash Out FAQ or visit Betfair using the link above or to see what other sites are available visit our cash out sites page.
What is Betfair Cash Out?
Cash Out is the market leading product from Betfair that allows you to close your bet early, settling for a reduced profit if your bet hangs in the balance.
How does it work?
Cash Out automatically places bets on the Betfair market to lock in a position. The Cash Out value shown is the minimum amount you would receive if you were to make a successful Cash Out.
Can I Cash Out on every market at Betfair?
The Cash Out icon is displayed for the markets where Cash Out is available. Cash Out may not be available at times where there is low liquidity in a market.
Is there any difference between Cash Out and trading my own bets?
No, Betfair Cash Out calculates and places bets on your behalf within the Exchange market to best trade out of an existing position.
Bets placed by Cash Out follow Exchange rules and will be visible within the Betslip and your Betfair account statement.
For the purposes of the Cash Out calculation Betfair remove a proportion of liquidity from the market. This is done to reduce the number of unmatched or partially matched bets.
As a result the offer displayed may, on occasions, be slightly lower than what is available. However, on bet placement all bets will be best executed with the best available prices given to the customer.
Betfair cash out is actually a lot simpler than most people think and is also a great way to stick it to bookie’s and make a better profit from your betting.
*Up to £100 in bonus bets. New customer offer. Place 5 x €10 or more bets to receive €20 in bonus bets. Repeat up to 5 times to receive maximum €100 bonus. Min odds 1/2 (1.5). Exchange bets excluded. T&Cs apply