Betfair sportsbook is the sister of the original Betfair exchange product. It is stylishly designed with lots of innovative functionalities such as their Betfair Sportsbook Cash out feature. Their Cash out allows you to take your profits early or if things aren’t going as well as you had hoped to reduce your losses. If you are new to the concept, you are in luck. We will review everything you ought to know about Betfair Sportsbook Cash out feature, how it works and how you can use it to your advantage. This sportsbooks cash out option features in our top 5 best cash out betting sites.
How Betfair Sportsbook cash out works
If you have ever found yourself waiting for the final whistle with your fingers crossed as your team looks like it’s about to give up, then Betfair Sportsbook Cash Out is the feature for you.
As we have explained, the feature allows you to settle the bet before the final whistle is blown. This gives you a chance to lock in the profits as well as limit the potential losses.
In addition to the cash out, Betfair Sportsbook also offers a bonus. The cash out bonus is offered in free bets and is capped at £25. Any Partial Cash Out bets or Exchange bets is often excluded.
The free bets can be used on football bets, baseball, boxing, cricket, darts, cricket, basketball, greyhound racing, horse racing, motor racing, ice hockey, rugby, soccer, tennis, rowing, pool, winter sports and swimming.
Betfair full cash out
In this option, you get to cash out your full stake before the event ends. When you do this, you can either make a profit or a loss depending on the current odds. You also cash out at the new odds which can be higher or lower than the original.
Partial cash out
In this, you can opt to cash out a part of your stake for the new odds and let the other portion of the stake run to the end of the game with the original odds. Most players do this when they aren’t entirely sure of the outcome and can afford to risk their stake on the outcome.
How to cash out with Betfair Sportsbook
It’s easy. If you find a cash out label on the bet, you click on it and follow the prompts. Generally, for full cash out, you click on cash out while for partial cash out, you will have to work with a slider that pops up on the drop-down list. The slider will help you choose an amount you’d want to cash out. Remember, you can cash out as many times as you would want on a single bet provided the cash out option is available.
For the auto cash out, you will have to set an odds level. Once this level is attained, then Betfair Sportsbook will automatically cash out. It is ideal for players who don’t have the time to keep checking on the bet and the cash out odds.
Markets that you can cash out on
There are lots of popular markets that Betfair Sportsbook avails the cash out feature. Some of these include:
- Horse Racing – Win or Each Way, Over/Under
- Rugby – Match Betting, First Half Betting
- Darts – Match Betting
- Boxing – Method of Victory
- Snooker – Match Betting
How does cash out work on horse racing?
Betfair Sportsbook cash out is available for Each Way and Win Horse Racing Multiples and Singles. You can opt to cash out your bet between plays, pre-play or between races. Also, you can cash out the bets in-running as the horses are racing. The feature is available on all Irish and UK racing. Any betting slip with an orange cash out symbol accommodates the feature.
How quickly does the cash out feature work?
When the cash out is successful, the returns (whether for a profit or loss) are credited to your account immediately.
When is Betfair cash out unavailable?
When cash out isn’t available on Betfair Sportsbook, it could be for any of these reasons;
- The cash out value is less than the free bet stake you have wagered. The cash out will be available when the value increases
- The market you have wagered on doesn’t have a cash out option (these often include football handicap markets and Power Prices)
- The market doesn’t go in-play
- The market is temporarily suspended as a result of match incidents. For instance, when the prices are going through a change after a goal, breakpoint, VAR, or try.
- If the third party covering the sporting event isn’t in a position to do so
When to expect delays when cashing out
You can expect some delays in some In-Play events. Betfair Sportsbook uses the time delays to ensure that there is enough time to cancel the bet when a major event happens. Such big events include a goal scored.
Betfair Sportsbook cash out bonus
If you cash out for the first time on Betfair Sportsbook between Friday and Saturday, you’ll receive a 50% bonus on the profit you cash out. This is great news. However, the cash out bonus is given in the form of free bets and do not exceed £25. Any Partial Cash Out bets or Exchange bets isn’t included in this.
The beauty of the free bets is that you can use them on varied fixed odds markets on the platform. Aside from this, Betfair Sportsbook runs regular promotions on different sports.