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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