There’s few things more frustrating that not being able to do anything to save your losing bet, or when you’re just waiting for one of your winning selections to concede. Well now, Betfair put the fair into betting. You are in control of all your live bets meaning you can cut your losses or take your winnings at any time. It’s completely up to you and you can decide via the simple click of a button. Accumulator Tips have explained everything for you in more detail:
Cash Out is a feature from Betfair that allows bettors the chance to lock in a profit or loss before an event has concluded. Betfair do the calculations to offer you a real time value of your bet based on your selections and live market prices and with a single click you are able Cash Out to either save some of your stake and cut your losses or take your winnings before it all goes wrong.
The feature is available both online and on mobile via the app. Whenever you see the orange Cash Out icon on your bet slip, you’re able to take advantage of the feature.
You can Cash Out on both single and multiples and it is not limited to just football, it’s across a wide range of sports including cricket and tennis as well as racing multiples between races and Each Way multiples! If you don’t yet have an account then what are you waiting for? Take advantage of Betfair’s latest sign up offer!
Betfair Partial Cash Out is even better than Betfair Cash Out! This allows you the opportunity take the full amount or, select exactly how much of the bet you wish to cash out whilst leaving part of your stake to run.
To cash out just part of your bet, simply open up the slider by selecting Cash Out Part of My Bet in the drop-down list and choose how much you wish to cash out. You can cash out as many times as you desire on a single bet given that the Cash Out slider is available.
The orange cash out icon will be displayed for markets where cash out is available. The displayed value of your cash out is the minimum amount you will receive should you go on to make a successful cash out. Though, the amounts of cash out are guaranteed as they are wholly based on the live Betfair markets and you may receive more than indicated or you may be unsuccessful with your cash out. If this is the case then Betfair will offer you a whole new Cash Out amount based on your revised position and the current prices in the Betfair market.
Betfair Cash Out originates from the betting exchange, before, if you were trading a sporting event and wished to Cash Out, you were forced to do the maths yourself
and work out how much you needed to either back or lay. But now, the Betfair Cash Out feature does all the hard work for you, all you need to do is hit cash out to either guarantee a profit or loss before an event has finished.