Betfair Cash Out & Partial Cash Out - The Ultimate Guide
With Betfair Cash Out, you are in control of your live bets. Take your winnings or cut your losses at any time. It’s your call – all at the click of a button. In this article we explain how it all works.
What Is Betfair Cash Out?
Cash Out is a feature from Betfair that allows you to lock in a profit or loss before an event has finished. Betfair do the calculations to offer you a real time value of your bet based on live market prices and with a single click you can ‘Cash Out’.
The feature is available online and on the Betfair mobile app wherever you see the orange ‘Cash Out’ icon (as shown below) on your bet slip.
You can Cash Out on singles and multiples on a wide range of sports including football and tennis as well as racing multiples between races and Each Way multiples.
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Betfair Partial Cash Out
Betfair Partial Cash Out allows you to take the full amount or select exactly how much of the bet you wish to cash out whilst leaving the rest of your stake to run.
To cash out part of your bet, simply open up the slider (as shown below) by clicking ‘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 like on a single bet, providing that the Cash Out slider is available.
Betfair Cash Out Key Terms & Rules
- The Cash Out icon is displayed for the markets where Cash Out is available.
- The Cash Out value displayed is the minimum amount you will receive if you make a successful Cash Out.
- Cash Out amounts are not guaranteed as they are based on the live Betfair markets where prices are constantly changing. This means you may receive more than indicated or your Cash Out may be unsuccessful or only partially successful.
- If a Cash Out is unsuccessful or partially successful then Betfair will offer you a new Cash Out amount based on your revised position and the current prices in the Betfair market.
To conclude, Betfair Cash Out originates from the betting exchange. Previously if you were trading a sporting event and wished to Cash Out, you were forced to do the maths yourself and work our how much you needed to either back or lay. Now, the Betfair Cash Out feature does it all for you so you can cash in a bet and guarantee a profit or loss before an event has finished.