Betfair Cash Out: What It Is and How to Use It

If you’re someone who enjoys betting, you know that things can change in the blink of an eye—one moment, you’re winning big, and the next, the tide turns against you.

This uncertainty is part of what makes betting exciting, but wouldn’t it be great if you could have a bit more control over the outcome?

That’s where Betfair’s Cash Out feature comes in.

Imagine being able to secure your winnings or cut your losses before an event even finishes.

Whether it’s a football match, a horse race, or any other sport, Betfair Cash Out allows you to do just that.

Instead of sitting on the edge of your seat, biting your nails, and waiting for the final whistle or the last lap, you can take action when the moment feels right.

In this article, we’ll explore what Betfair Cash Out is, how it works, and how you can use it to your advantage.

We’ll also share an incredible story of how one punter made a life-changing decision using this very tool.

Whether you’re new to betting or a seasoned pro, understanding how to use Cash Out effectively can give you that extra edge and peace of mind.

Let’s dive in!

What Is Betfair Cash Out?

Traditionally, Betfair has allowed bettors to “lay” their bets during an event to either lock in a profit or limit a loss.

But let’s face it—finding a matching bet isn’t always easy, and it does require a bit of skill.

That’s where the Betfair Cash Out feature comes in.

It simplifies the entire process by allowing you to end your bet before the event finishes, securing either a profit or a loss, depending on how things are going.

The value you can Cash Out for changes in real-time based on the current betting market.

This amount is calculated automatically by Betfair’s servers, giving you an almost instant update on how much you can cash out for.

How Does It Work?

If you’re ready to Cash Out, all you have to do is click the Cash Out button.

Let’s say you placed a bet before a football match, and the game is going in your favor—maybe your team scored an early goal.

You might see a Cash Out value that guarantees you a profit, even if the game turns around later.

In the example below of a match between Bayer Leverkusen and Roma, we had laid the draw before kick-off for £10 at odds of 3.95.

After an early goal went in, the draw odds rose to 5.9 and we could cash out for a guaranteed profit of £3.28, whatever happens.

Once you click that button, the Cash Out amount is credited to your account.

Keep in mind though, because of potential delays or sudden changes in the game, the amount you actually get might be slightly different from what you expected.

However, it’s usually not a huge difference.

You’ll also get a confirmation screen to double-check before finalizing the Cash Out. This extra step might seem a bit annoying, but it’s there to prevent any accidental clicks.

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What If the Market Changes Suddenly?

Sometimes, big changes in the game—like a goal being scored or a key player getting a red card—can cause your Cash Out to fail.

If that happens, Betfair will let you know and provide an updated Cash Out value, so you can decide if you still want to go for it.

You also have the option to Cash Out just part of your bet. Betfair offers a handy slider so you can choose how much of your bet you want to cash out.

This feature is available on many markets, including football and horse racing, and you’ll know it’s an option when you see the Cash Out icon.

A Legendary Cash Out Story

To give you an idea of how powerful Cash Out can be, here’s a story that’s been called “The Greatest Cash Out of All Time.”

A punter had a whopping £1.5 million accumulator made up of 22 football matches.

Things got tense during the fifth match when QPR scored a 94th-minute goal to beat Charlton.

Before that, the punter had been offered £25,000 to Cash Out but decided to hang on.

Fast forward to the 16th match—Atletico Madrid versus Espanyol—and the punter was offered £53,000 to Cash Out before the next leg, Barcelona versus Real Sociedad.

This time, they took the offer, and it turned out to be a wise move. Barcelona lost that game, which would have meant losing everything if they hadn’t cashed out.

When Should You Cash Out?

Deciding when to Cash Out is often a gut decision, as seen in the story above.

Some bettors prefer strategies like cashing out when they’ve made back their initial stake or when they hit a specific win or loss target.

There’s no one-size-fits-all rule, but the Cash Out feature gives you an extra layer of control over your bets.

So, if you haven’t tried it yet, why not give Betfair Cash Out a shot?

It might just be the tool you need to take your betting game to the next level!

Looking to trade on Betfair? Check out our guide to the Top Betfair Trading Strategies here.

Frequently Asked Questions (FAQ) About Betfair Cash Out

1. What is Betfair Cash Out?
Betfair Cash Out is a feature that allows you to settle your bet before the event finishes, securing either a profit or a loss based on the current market conditions.

The Cash Out value changes in real-time and is calculated by Betfair’s servers.

2. How do I use the Cash Out feature?
Using the Cash Out feature is simple. When you see a Cash Out value you’re happy with, click the Cash Out button.

You’ll then be prompted to confirm your decision. Once confirmed, the amount is credited to your account – subject to any changes in the market between clicking the cash out button and the trade being executed.

3. Can I Cash Out only part of my bet?
Yes, you can choose to Cash Out a portion of your bet. Betfair provides a slider that allows you to select how much of your bet you want to cash out, giving you flexibility over your wager.

4. What happens if the Cash Out value changes suddenly?
If there’s a sudden change in the market, such as a goal being scored or a key event occurring, your Cash Out may fail.

In this case, you’ll be presented with a new Cash Out value, and you can decide whether to proceed.

5. Is the Cash Out amount guaranteed?
The Cash Out amount is generally very close to what is displayed when you click the button, but due to potential delays or market fluctuations, the final amount credited may be slightly different.

6. On which sports and markets is Cash Out available?
Cash Out is available on a wide range of sports and markets, including football and horse racing. You’ll know it’s an option when you see the Cash Out icon displayed next to your bet.

7. Are there strategies for when to Cash Out?
There are no strict rules for when to Cash Out. Some bettors prefer to Cash Out when they’ve made back their initial stake or reached a certain profit target, while others make decisions based on their instincts during the event.

8. Can I cancel a Cash Out after I’ve confirmed it?
Once you’ve confirmed a Cash Out, it’s final, and you cannot cancel it. The confirmation step is there to help you avoid accidental Cash Outs.

9. Why did my Cash Out fail?
A Cash Out can fail due to sudden changes in the market, such as a key event in the match or race.

When this happens, you’ll be given a new Cash Out value, and you can decide if you still want to cash out at the updated amount.

10. Is there a fee for using the Cash Out feature?
Betfair does not charge a fee specifically for using the Cash Out feature, but the amount you receive may reflect the current market odds, which include Betfair’s standard commission.