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Betfair exchange were the original innovators of the cash out functionality. Betfair exchange is the biggest and most popular betting 🔔 exchange in the world. Though it has loads of exciting features, one that has warmed many punters’ hearts is the 🔔 Betfair exchange cash out. Before it was a bit of a manual process but on recent years they have added 🔔 a simple one click button to utilise this feature. Players can lock in profits on open bets and helps to 🔔 reduce liability too when things going against you.
In this piece, we will take you through everything you need to know 🔔 about Betfair’s Cash out feature. We’ll explain what it is, how you calculate it, and how you can leverage it 🔔 to increase your winning strike rate from your bets. It rightfully features in the list of the best cash out 🔔 betting sites.
What is cash out on Betfair Exchange?
Betfair Cash out feature allows you to guarantee your profits or manage your 🔔 losses on a bet. You can think of it as selling your current bet to another user either for a 🔔 profit or loss, depending on the odds movement.
For instance, say you have a £100 Double Chance bet of Home or 🔔 Draw at an odd of 1.30 on a match. Suppose the away team scores a goal, the odds for the 🔔 Away team or a Draw drop to 1.15. At this point, you can cash out at a £13 profit since 🔔 your bet is currently worth more than when you placed it. Simply put, your chances of the Away team winning 🔔 or drawing are higher.
How does it work?
With just one click, you can cash out your bets on a single market. 🔔 This will allow you to lock in profits and/or mitigate losses.
As we will see, Betfair has two types of cash 🔔 out; Partial and Auto cash out.
With the partial cash out, you decide how much of your bet you want to 🔔 cash out and retain a portion of the stake on the initial bet.
For a partial cash out, you open the 🔔 selection slider by choosing ‘Cash out Part of My Bet’ in a drop-down list and then choose how much you 🔔 wish to cash out.
Bear in mind that the cash out button will only pop up for markets where it applies. 🔔 This means that in some markets that have low liquidity, you may not have the luxury of cashing out.
Also, the 🔔 cash out amount isn’t guaranteed as it depends on the prevailing situation in the live markets. As such, you may 🔔 receive more money than you expected, the process may be unsuccessful, or you get a partial cash out.
If the cash 🔔 out fails, then Betfair will offer cash out amounts based on the revised market prices.
Auto cash out
Autocash out is straightforward. 🔔 You set a profit level you’d prefer to cash out on, and when the cash out odds matchup, the bet 🔔 will automatically cash out. This feature is ideal for those who don’t have the time to constantly check on the 🔔 bet’s progress.
Partial cash out
In this, you withdraw a portion of the stake and let the remainder ride on the original 🔔 stake. This type of cash out is ideal for when you still want to wait for the results to come 🔔 in but want to safeguard some of your profits or stake (in case the bet is more likely to lose).
How 🔔 cash out is calculated on Betfair
The value of a cash out is calculated by comparing the original odds with the 🔔 odds at cash out. The original bet size also affects how big a loss or profit you will get from 🔔 the cash out.
Cash out betting strategies
Using the cash out feature isn’t a guarantee that you’ll make a profit. On the 🔔 contrary, the cash out could go either way. However, there are strategies you can use to increase your odds of 🔔 turning a profit.
Sports trading
In this betting, players buy and sell bets at different odds to turn a profit. The trading 🔔 almost completely relies on cash out.
Some players prefer Sports Trading to normal sports bettering since there is a lower risk. 🔔 For instance, if a trader gets favourable odds for an outcome and reckons it’ll decrease, they place a bet. Then 🔔 as the match plays out and the odds decrease, the trader can cash out the bet and make a profit 🔔 instead of watching the entire match, hoping the results don’t change.
Loss minimizing cash out
In case the odds are moving in 🔔 the opposite direction, it means you’ll take a loss. However, even if a loss is inevitable, you can reduce how 🔔 much you lose.
For instance, if you bet for your favourite team and when the game starts, you notice they are 🔔 playing worse than they do, you can opt to cash out. But at this time, you notice that the cash 🔔 out will be at a loss. You choose to do so anyway because as time progresses, the odds get worse. 🔔 Waiting for the final result to seal your fate isn’t an option.
Pre-match cash out
Some traders speculate on the fluctuations in 🔔 the pre-match odds and eventually cash out before the game starts. For instance, a trader can expect a team will 🔔 release some bad news right before the match. In which case, they’ll place a bet for the other team and 🔔 then cash out for a profit once the announcement is made.
In-Play cash out
There is not much of a strategy here. 🔔 But even then, cash out can be an invaluable feature even during the match since in-play has special nuances you 🔔 can leverage for a profit as well.
One of the perfect examples of the nuances is the last 15 minutes of 🔔 a game. In these last minutes, the losing team plays more aggressively, hoping to equalize. As such, it could be 🔔 difficult to predict what happens during those last minutes.
If you still have an open bet for the winning team, you 🔔 can cash out and take your guaranteed profits.
Eligible events for cash out
Cash out is only available for specific bets. Usually, 🔔 Betfair will have a cash out option on the events that qualify for it. But generally, Antepost bets and bets 🔔 on Enhanced specials don’t apply.
When to cash out
Well, this is entirely up to you. Some punters recommend cashing out at 🔔 the same value of the original bet or setting a lose/win limit and cashing out when these limits are attained.
When 🔔 do I get money after cashing out?
When the cash out is successful, the betting site credits your account immediately.
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