To illustrate this with a racing example: you’re looking at a race for the next day, with ten horses listed in the betting.

What Sports Can I Cash Out On?

Cash Out offers are made in real time on your current bets, based on live market prices. Whenever you are ready to Cash Out, simply hit the yellow button, in the cash out page. Alternatively, you can avail of a partial cash out, clicking the green 'slider' button next to the 'Cash Out' button presents a slider for you to scale your partial cash out. Remember, you can Cash Out as many times as you like on a single bet, providing that the Cash Out slider is available. Once you have chosen your desired cash out value, click the 'Cash Out' button to cash out your bet.

What type of bets can I cash out?

If you press cash out accidentally, your bet cannot be reinstated. You could check if the “Confirmation Screen” is switched to Yes in Settings on your Cash Out page, this should help you avoid any accidental cash outs in the future. Cash out should always be available to you on all Betfair Sportsbook football match odds markets, but unfortunately, you may see cash out temporarily suspend due to the following reasons: Your cash out value is less than the Free Bet stake you’ve used, cash out will be available again if the value increases. The market you’ve bet on does not have cash out available (eg. The market does not go in-play (eg. The odds on the fourth-favourite are currently 6.0.

• Manually hedging by laying the same selection on another exchange can sometimes yield better value.
• This requires accounts and balances on multiple platforms.
• Price differences between exchanges create arbitrage opportunities for cashing out.
• Manual hedging gives you full control over the exact odds you lock in.

However, you think this horse will be tipped heavily in the media on race morning, and so is likely to be well-backed.

Option	Percentage Cashed	Remaining Stake	Common Use Case
Secure Profit	50-75%	Remains for full win	Lock in profit, let rest ride for bigger win.
Recover Stake	~100% of stake	Only potential profit remains	Play with "house money" risk-free.
Hedge Position	Variable	Adjusted exposure	Reduce liability on a large potential loss.

You bet £50 at 7.0, and sure enough, the odds on your selection shorten to 4.0 the next day.

When Not To Cash Out

This means that you won't receive the Cash Out profit or loss and your original stake will be returned. For information around Auto Cash Out, read our article here. For information around Cash Out+, read our article here. If you bet online, you’ll probably be familiar with Cash Out. It allows you to quit whilst you’re ahead, by locking in a profit before an event is finished, rather than letting the bet run and risk losing out.

Why is my Cash Out value so low when most of my selections are winning?

If you don’t fancy your chances of a comeback, you can also Cash Out for a partial loss rather than risk losing your whole stake. The idea of cashing out was pioneered on the Betfair Exchange, which by its very nature allowed quick-thinking punters to ‘lay off’ potential losses whilst a bet was still live. Nowadays though, cashing out on the Exchange can be done at the touch of a button. Even better, it gives you a fairer settlement on your bet than would be offered on regular betting sites, as prices are more competitive in the majority of cases – this is due to the fact there’s there no built in margin like with bookmakers, so you get more bang for your buck. The Betfair Exchange allows you to cash out all bets placed on a single market, whether that be just one or several, at the touch of a single button. You can now cash out for a small profit, before the race has even started. It can be game of small margins, but if you think your information is good enough, a profitable game – regardless of whether you think the horse you’re betting on is actually going to win or not.

Factor	Impact on Value	High Impact Example	Low Impact Example
Current Live Odds	Directly proportional	Underdog takes lead	Minor foul in a blowout
Time Remaining	Decreases as time runs out	Last 5 mins of a match	First half of a Test match
Market Liquidity	Better value in liquid markets	English Premier League	Lower League Division 2
Exchange Commission	Reduces final payout	Standard 2-5% fee	Promotional 0% commission

Cash Out can work during a race, too, if you think the odds on your selection are likely to improve mid-race.

How To Use Lay Bets In Matched Betting

How does cash out work for stakes made up of Free Bets? When a free bet has been used, cash out will be unavailable until the value of your cash out is higher than the value of your free bet. This is because your free bet stake amount is not part of any returns. Any reduction in exposure will be credited back to your account after placing a successful cash out bet and any profit made on the market will be paid when the market is settled. Will my cash out bet be re-settled?

Bet £10 Get £10 Free Bet

Betfair reserves the right to reverse the funds paid via a Cash Out if the bet or a market is settled in error (for example, a human or technical error). If Betfair resettles a bet, this may lead to amendments being made to a customer's balance to reflect changes in bet settlement. How does ‘Cash Out’ work on a 'Draw No Bet' market?A 'Draw No Bet' market doesn't include the draw option. You can only select either team A or team B to win, and if the match ends in a draw after 90 minutes (plus any injury time), all bets on the market will be void and stakes will be returned. If you have used Cash Out out during the match, these bets will also be voided in the outcome of a draw. This is where Timeform comes in as an important tool for identifying opportunities to make profit, outside predicting the winner or placed horses in a race.

Benefits of Partial Cash Out

For example, let’s say you’ve bet on two different horses to win, in a ten-horse race. They’re coming to the last fence and both of them are still in with a shout – along with one more that you haven’t bet on. Because the Exchange offers live prices on all runners, it will effectively calculate the odds of all your bets winning at any given moment, and come up with a sum ‘cash out’ total. This means you’re guaranteed a return – most likely at a profit in this example – regardless of whether your horses go on to win or not. Bear in mind that Cash Out amounts aren’t guaranteed as they are based on the live Betfair markets, where prices are constantly moving.

Choose Your Cash Out Bookmaker

This means you may receive more than indicated, if the odds go up; if the odds go down, your Cash Out may be unsuccessful or only partially successful, depending on the liquidity of a market – how much cash is available at a particular price. If a Cash Out is unsuccessful or partially successful then Betfair will offer you a new Cash Out amount, based on your selection’s race position and the prices in the market at that moment in time. For any amount up to your original stake, you will get the bet free bet no deposit sports uk money straight back into your account. If the Cash Out value is more than your original stake, you’ll receive the profit when the market has closed (usually within a couple of minutes of the race finishing). • Bet £50 on Horse A to win • Cash Out currently at £10, will pay £10 into your account immediately (you’ve lost £40) • Cash Out currently at £70, will pay £50 into your account immediately, and £20 profit when market closes Of course, just because Cash Out is easy to do, it doesn’t mean there’s not still opportunity for the smart punter to make extra profit, which others may not see. It can also be an exciting, fascinating and profitable way of betting on racing – without ever having to pick a winner.

• Green Up function on exchanges is the primary mechanism for cashing out.
• Greening up creates opposing bets to lock in profit across all possible outcomes.
• This is done manually by placing a lay or back bet against your original position.
• The profit/loss figure shown in your betting software reflects your closable position.

With Timeform Race Passes, you’ve got more than one solution at your disposal to try and work this out.

Cash Out Betting FAQ

Betfair does the maths on your current bets to offer you a value in real time based on the live market prices. How do I know if I am placing a bet on a market that is eligible for Cash Out? When placing your bet, you are looking for the orange 'Cash Out' marker above the market/selection (see screenshots below) How do I know I have successfully placed a bet that is eligible for Cash Out? On sportsbook browser, you can select ‘Cash Out’ from the black banner just underneath the header. This will then show you which bets are open and eligible for cash out.

🤔What are the risks of cash out betting?

On the app, you can view this from ‘Cash Out’ on the bottom tab: How do I cash out a bet? Below images are for the app journey. Cash out is available on singles and multiples and accas, on a wide range of sports, including football, tennis, horse racing, and many more! You can Cash Out of bets pre-play, in-play, and between legs. Simply keep an eye out for the Cash Out icon, which indicates which of your bets will be eligible for Cash Out. In fact, if you’re wondering why it’s worth paying more for Timeform Race Passes, this is one of the best examples of how Timeform can help you ‘play smarter’.

When Not to Use Cash Out

In fact, there is another level to Cash Out entirely. As Clive Owen points out in the advert below , you can use Cash Out to make money regardless of a result. As he puts it, “no need to pick a winner – just back an outcome, and if the odds move in your favour, Cash Out, and make a profit”. You can do this by investing at longer odds, and cashing out when they get shorter – almost like playing a mini stock market. With that said, you can imagine the possibilities for making profit from selections whose odds you are confident will shorten before the off, or before the race is over. First of all, there are the Individual Price Hints as seen near the top of the card, which can tell you whether a horse is likely to trade particularly higher or lower during a race than its BSP (Betfair starting price), based on its previous runs.

Responsible Gambling

If you’re betting on football, when the player you’ve backed is on the bench, the market and cash out will suspend until he/she is active on the pitch. The market is suspended temporarily due to match incidents and market suspension. eg: when prices are changing after a goal, VAR, break point, try etc. If the bet features multiple in-play games, the risk of suspension increases, and more patience may be required. The third-party provider who covers the sporting event has unfortunately not been able to continue coverage, as originally agreed.

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Pricing and cash out have been lost as a result. Why did I get a different amount when I cashed out to the one advertised? Cash Out amounts are not guaranteed as they are based on the live Betfair markets, where prices are constantly moving. This means you may receive more than indicated, or your Cash Out may be unsuccessful or only partially successful. If a bet online betting sites with free spins Cash Out is unsuccessful or partially successful then we will offer you a new Cash Out amount based on your revised position and the current prices in the Betfair market. They use data from Timeform’s Pace Map to predict how fast a race is likely to be run, and whether that will suit horses who usually run near the front, in the middle, or towards the back of the field – which you can check out yourself before a race (if the Pace Map isn’t live yet – usually from the afternoon before the race – you can also see the bare figures on the horse’s individual profile, by checking its In Play Symbols for past races).

Bias	Description	Effect on Cash Out	Result
Loss Aversion	Fear of losses outweighs joy of gains.	Cash out early to secure small profit.	Miss larger wins, reduce ROI.
Sunken Cost Fallacy	Continuing a bet due to prior investment.	Refuse to cash out a losing bet.	Turn small loss into total loss.
Recency Bias	Overweighting latest events.	Cash out after one goal against.	Panic sell, team may equalize.