Betfair Cash Out Explained

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The Betfair Cash Out is a facility that is available on both the Betfair Sportsbook (Fixed Odds) and the Betfair Betting Exchange.

It’s origins lie in the betting exchange. In the past if you were trading a sporting event and wished to Cash Out, you would off had to work out the figure you needed to back or lay yourself, now the Betfair Cash Out does it for you.

For example, you may have backed England to beat Italy at football. England go 1-0 up, so their odds shorten. You are watching the match, and you think Italy might equalise and go on and win – so you hit the Cash Out button.

Before you hit the Cash Out button, you can hover over it to see the ‘what if’ figure. This is the figure you can get if you Cash Out at the moment.

A word of caution when using Cash Out though. In fast moving live markets with a time delay you can find it hard to Cash Out. It appears that if the ‘what if’ scenario figures changes during the time delay countdown, your Cash Out bet gets cancelled.

So in some instances, it is best to go back to the old fashioned method and just put your own price in and wait for it to get matched.

For example, you may have backed Over 2.5 goals and with 15 minutes left and the score is 1-1 and you decide to play safe and Cash Out at 1.8. You hover over the Cash Out button, see your what if scenario is telling you that you can have a £5.00 win, so you click Cash Out.

During the time delay on the countdown, the price shortens to 1.77 and the bet gets cancelled. You try it again, and the price shortens to 1.74, and the bet is again cancelled. This does happen quite often, so in this instance it might be better to just work it out yourself and put your bet or lay up at 1.77 in the first place and guarantee getting matched. Otherwise you could end up watching your winnings disappear while trying to Cash Out.

The Cash Out facility is also available on the Sportsbook (Fixed Odds) website. It is available on single bets and accumulators as long as betting is still available on the match (fixed odds betting gets suspended in the final few minutes of football matches).

If you back Liverpool, Man Utd, Arsenal and Chelsea to all win on Saturday, and all are 1-0 up at half time, you can simply hit the Cash Out button for guaranteed profit. Unlike most bookmakers, the Betfair (Fixed Odds) Cash Out works if a leg of you bet has already won.

What this means is that if you bet on Over 2.5 goals in 3 matches, and one of the 3 matches goes 3-0 in the first half, you can still Cash Out. A Lot of bookmakers won’t let you do that if one leg of your bet has already won. This is something to look into when deciding what bookmaker to bet with.

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