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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.