How to Cash Out at Betfair?

It’s becoming increasingly commonplace in online sports betting today for bookmakers to offer their users an option to fully or partially cash out their already placed bets. Betfair is no different in that regard with their cash out service giving the player the ability to end a bet on their own terms. There are a number of different scenarios where a bettor could find this tool extremely useful, with pre-match, live, single bets and multi-bets all covered. In addition to all of the popular sports such as football, basketball and tennis, Betfair now offers their Cash Out tool for Horse Racing win markets involving Great Britain and Irish races.

A common situation that displays the value of the Cash Out tool is in a football match when the team you bet on to win is trailing late in the game. What we often see occur in this specific scenario is that the leading team decides to shut up shop, content with the lead and trying to secure the three points. This leads to the trailing team piling on even more pressure in the final minutes. How many times have you been on the wrong side of a goal in stoppage time? Instead of going through the heartbreak of potentially losing your bet in the final minutes, why not utilize Betfair’s cash out feature and guarantee yourself a healthy profit?

Another common scenario which sees the Cash Out option used quite frequently is a method to ‘hedge’ or guarantee profit, from a multi-leg accumulator bet. Say you have a five-team accumulator which pays out odds of 30/1 meaning your bet of €10 will return €300. The first four legs of your bet are all winners so it comes down to the final leg. Many may deem the final leg as too much of a risk and opt to take the offered cash out amount. In that situation, you would still net a substantial profit!

How it works

How it works is relatively straightforward: Once a bet is placed, Betfair will generate an amount that will be offered to you in the event that you wish to cash out early. The offered amount can and often will change for a number of reasons. It could be that you placed a bet early in the week at odds of 1.95 and now, later in the week, you want to use the Cash Out feature but the odds have moved to 1.75. Obviously, you are not going to receive the same amount that you would have earlier in the week when the odds were higher. In live-betting markets, the offered Cash Out can often change rapidly depending on what transpires on the field. For example, a goal scored in most football betting markets is going to have a significant impact.

One of the aspects of Betfair’s Cash Out tool which makes it stand out from the rest is that you have full freedom to choose how much you ultimately cash out. Want to just pull out enough to cover your initial bet amount? The option is open. Perhaps you simply want to cash out the full amount and lock up your winnings? That works too. All you need to do is select ‘cash out part of my bet’, use the slider to select your cash out amount and click the yellow ‘Cash Out’ button. Betfair will immediately transfer the funds to your account.

Important points to note for the Betfair's Cash Out feature

While you will find the Cash Out to be available for a huge range of betting markets, it’s not guaranteed to be an option for every single bet.
Your quoted Cash Out amount is not guaranteed. This is due to the nature of the constantly updating and refreshing odds that bookmakers now incorporate.
There is no limit to how many times a user can use the Cash Out feature on any given bet (assuming the bet has not fully been cashed out).
Betfair will always confirm the Cash Out amount with you before it is processed (useful should the odds change while submitting your request).
The Cash Out feature can be disabled or suspended as per the rights reserved by Betfair.
In the result of an error, Betfair reserves the right to overturn the settlement of a Cash Out.

If you want to know more about Betfair have a look at our extensive review.

How to Cash Out at Betfair?

How it works

Important points to note for the Betfair's Cash Out feature

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