Definition of cash out
The translation of cash out means "cash out now" and is an option
that allows the customer💪 to exit a market at any time, allowing you to block the
profits made or reduce losses using a mathematical💪 formula that divides the gain into
equal parts to the odds current. There is now an option on the Betfair💪 website that
allows you to divide the profit into different parts according to the greater
probability of an event coming💪 out compared to another. The original definition of cash
out is the sharing of 50% of the potential profit accrued💪 at the relative current
odds.
The Betfair cash out is a new betting option launched and invented by Betfair
that immediately💪 met with great success in Great Britain also thanks to a targeted and
powerful marketing campaign made up of advertising💪 spots of great effect and
impact.
Cash out is available for the Betting Exchange in England also in sportsbook
mode (Betfair💪 as a traditional bookmaker).
Operationally, once the Betfair cash out
button is pressed, the system will close our trade on the💪 Betting Exchange at the
amount available at that time and will close the operation if there is liquidity. It is
💪 always advisable to check if the market has sufficient liquidity to be matched so that
by clicking on the relative💪 button, thus avoiding closing the position at odds that are
very far from fair value and therefore disadvantageous.
If you don't💪 pay attention when
you click on the cashout taste you could incur a loss instead of making a profit as💪 you
thought. Once you click on the button, the word cashout comes up which can be
misleading.
Cash out bets
Betfair has💪 launched in Great Britain in addition to the
Betting Exchange platform a platform called sportsbook in which it operates as💪 a
traditional bookmaker giving the possibility only to back a bet, offered precisely as a
bookmaker. Betfair therefore gives its💪 customers the possibility to close a stake bet
(with the traditional bookmaker only this possibility is allowed) at any time💪 by
pressing the cash out button.
With the cashout button you can immediately collect the
money from the bet made at💪 the market odds at that particular moment. If we have placed
a bet on Juventus winning at 1.90 before the💪 start of the match and Juventus in the
second half is winning, but the match is fought with the possibility💪 of a possible
draw, you can choose to exit for example at the odds of 1.20 by making the cash💪 out,
cashing in less money than the win at the end of the game, but cashing in a certain and
💪 immediate benefit: you go straight to the cashier! The cash out is also used in the
opposite case to limit💪 the possible losses of a wrong operation.
Betfair Exchange
In
the last few years Betfair has introduced the cash out in certain💪 markets (Match odds,
Exact result, under / over) on its website for all Betting Exchange customers in order
to give💪 the possibility to all customers who use the site or the Betfair mobile
application to be able to do the💪 green up.
With sports trading software, on the other
hand, it is possible to cash out on any market through the💪 green up placed in the
vertical ladder. It is always recommended to green up with the ladder as you see💪 the
liquidity present and the value of the profit as the odds change. This way you do not
make mistakes💪 and you have the total profit.
Formula cash out
The cash out is nothing
more than the green up done automatically on💪 the betting exchange platforms that use
the Betfair api or manually through the calculator on the site. We have found💪 that the
Betfair cash out is slightly "pejorative" by about 2% compared to doing the green up
through a traditional💪 trading software by pressing the button of its related function.
Consequently, every time you do it from the betfair site💪 there is a reduction in the
profit made which in the long run can be significant. The newbie who does💪 not trade
professionally using sports trading software can safely make cash out from the Betfair
site which is a great💪 option and opportunity.
From the website you can then make the
cash out easily and without doing calculations by hand or💪 moving to a site or an excel
spreadsheet that allows you to calculate the share you have to bank to💪 split the profit
in equal parts on all your selections.
For those who want to understand exactly how it
works, you💪 can do some tests with the green up calculator we made in order to become
familiar and better understand how💪 Betfair cash out works.
Cash out calculator
Without
a doubt, doing green up from a betting exchange platform is better than the💪 Betfair
website as from the vertical Ladder you can choose at what odds to do it by simply
clicking on💪 the odds itself, while from the site once you have clicked the cash out, it
is automatically Betfair that goes💪 to do it at the best price, which, however, can be
the least advantageous for us.
In any way, Betfair cash💪 out is a great and
revolutionary possibility offered to everyone starting from April 2014.
It is useless
and "stupid" to make💪 single bets with a traditional bookmaker when it is possible to do
it with the betfair exchange and take advantage💪 of the cash out to exit a trade at any
time.
We remind everyone that it is not possible to cash💪 out on all available markets,
but the operator enables this option only for a limited number of markets where it
💪 believes that liquidity is satisfactory to allow customers to go and match their bets
once once clicked on the gold💪 cash out icon.
Please note that cash out is very
important to limit losses and use it as a sort of💪 stop loss; the button collect now,
recently modified, obviously does not have the same meaning as you are not going💪 to get
a profit, but to have a monetary outlay equal to the value of the cash out.
Making the
reverse💪 cash out allows you to respect the rules of money management which are the main
key to be able to💪 obtain constant profits on the Betting Exchange.
Anyone who wants to
take advantage of this mode in all markets must use💪 the green up through a trading
software such as Traderline or the others reviewed by us on the appropriate
section.
Manual💪 cash out
If you do not want to use the cash out from the betfair site
as you cannot choose the💪 desired odds to exit and you do not "want to pay" the hidden
commission, you have the alternative of making💪 a manual cash out using the manual green
up calculator on our site. In the calculator you have to enter💪 the stake, the oddas and
the calculator will give the amount to belayed in case of green up or to💪 back in case
of red up.
