To use cash-out on Betfair, you must click on the bright yellow Cash Out button when visible from within your betslip. This icon lets you know that your wager is eligible to cash out.
Moreover, you can choose whether you want to cash out the entire bet, or just some of your bet, by using the Betfair Cash Out slider.
So, if you want to cash out on Betfair just look out for the orange Cash Out icon with a small white dot in the centre, then click on the yellow button in your betslip.
Read on for more on how to use Betfair cash out.
What Does Cash Out Mean On Betfair
Cash Out at Betfair simply means settling your bet early.
By confirming that your bet will settle by cashing out before the event(s) within your betslip conclude, you can protect against potential losses and take winnings home early.
Some events eligible for cash out on Betfair are listed here:
- Horse Racing
For a better understanding of the meaning behind Cash Out on Betfair, see an example below.
What Is Cash Out On Betfair – Example
Let’s say you’ve added four football bets to your bet slip. These bets are all in the To Win market, and each event takes place at the same time.
With half an hour remaining in each match, three of your four selections are winning. As things stand, this would return a small profit.
In this instance, you decide to settle your bet early by cashing out. In doing this, you’ll earn a profit and protect against a loss in the event that the currently losing bet fails to come through.
How To Cash Out On Betfair Exchange
Cashing out on the Betfair Exchange is just as easy as cashing out on Betfair’s online sportsbook.
To confirm cash out from the Betfair Exchange app or website, you should first navigate to your bet slip. On mobile devices, the cash-out section may be present in the centre of the footer menu.
From this area, you can select to cash out bets in full, while it’s also possible to use the slider to adjust your cash out to your liking.
Next, click the yellow box that reads “Cash Out” along with your profit or loss. Betfair will present a pop-up asking you to confirm your cash out. When you’re ready, press “Confirm”.
If your cash out is successful, a green bar reading “Your Cash Out was successful” should appear on the next page.
In the event that prices change during cash out and your attempt was unsuccessful, Betfair will offer you a new cash-out price.
See below for a step by step guide on how to cash out on Betfair’s Exchange and Sportsbook.
How To Cash Out on Betfair Exchange & Sportsbook – Five-Step Guide
- Open the Betfair Exchange or Sportsbook.
- Select the events you want to bet on.
- While your bet is active, open your betslip and look for the Cash Out button.
- If available, click on the Cash Out icon.
- Confirm your cash out via the on-screen pop-up.