Betfred Cash Out is a feature that allows you to settle your bet before the event concludes. This means you can lock in a profit or minimize your losses before the final whistle, regardless of the final outcome.
Types of Cash Out | Full Cash Out |
Bet Modes | Pre Match & In-play |
Sports | Horse racing, Football, Tennis, Golf |
Markets | Depends on the sport |
Cash Out availability indication | Yes, red and white circle icon |
Betfred Cash Out: How It Works
The Cash Out feature enables you to prematurely settle your bet before it is determined. This functionality is available for both single and multiple bets, spanning across some sports, including horse racing.
To illustrate its usage, consider a scenario where you placed a bet on England to win against Norway, and at halftime England is leading 2-1. However, due to the shaky defence of England, you may not be entirely confident that they will maintain their lead. At this point, you have the option to cash out your bet, guaranteeing a return on your wager compared to potentially losing money if your bet doesn’t pan out.
Another situation where Cash Out can come in handy is to limit your losses. For instance, if England is trailing 2-1 at halftime and it seems unlikely that they will score, instead of losing your entire stake, you can choose to cash out your bet and recover a portion of your initial investment.
Betfred asserts that its Cash Out option stands out as the most competitive among other bookmakers. This is attributed to the fact that Betfred guarantees customers the value of their bet for a duration of 3 seconds after opting to cash out, even in the event of market fluctuations.
How to Cash Out at Betfred: Step-by-Step Guide
- Log into your Betfred account.
- Ensure that there is a Cash Out indicator displayed next to the market you are interested in.
- Place your bet.
- Locate and click on the Cash Out tab, which is situated alongside your bet slip and open bets.
- Choose the specific bet that you intend to cash out.
- Verify your decision to proceed with the Cash Out by confirming it.
How Cash Out Value Changes Over Time
Cash Out value is dynamic and can change quickly based on a variety of factors. At Betfred, these factors include:
- Beginning of the Event: At the start of the game or event, the Cash Out value is usually lower than your initial stake because the outcome is uncertain. The Cash Out feature is designed to offer you a return when the end result looks likely to be in your favour.
- Favourable Progress: As the event progresses, if the circumstances turn out to be in your favour (for example, the team or player you bet on takes the lead), the Cash Out value increases. It might even exceed your initial stake, depending on how well things are going.
- Unfavourable Progress: Conversely, if the event takes a turn for the worse from your perspective (for example, the team or player you bet on falls behind), the Cash Out value decreases. In some instances, the Cash Out option may even disappear if the outlook becomes particularly bleak.
- Approaching the End of the Event: As the event nears its conclusion, the Cash Out value can fluctuate more significantly. If your bet is likely to win, the Cash Out value could be quite close to the potential total win. On the other hand, if the result is hanging in the balance, the Cash Out value could drop significantly, even if your bet is still technically winning.
- Volatile Scenarios: In some sports, certain scenarios can drastically swing the Cash Out value. For instance, in football, if a red card is issued or a penalty is awarded, it can have a substantial impact on the Cash Out value. In tennis, a player suffering an injury or a significant momentum shift can have similar effects.
Advantages of Cash Out:
- Risk Management: Cash Out provides bettors with greater control over their bets by allowing them to mitigate risks. If the outcome of a bet seems uncertain, bettors can choose to Cash Out and secure a portion of their winnings or cut their losses.
- Profit Lock-In: Cash Out enables bettors to lock in a profit if their bet is winning. This is particularly useful when the remaining duration of the event or match poses a potential risk of the result changing.
- Flexibility: Cash Out offers flexibility to adapt to changing circumstances. Bettors can react to in-game developments, such as injuries or changes in team performance, and make strategic decisions based on real-time information.
Disadvantages of Cash Out:
- Reduced Potential Winnings: Cashing Out a bet before the event concludes often means settling for a lower amount than the potential winnings if the bet were to be successful. It is important to consider the value being sacrificed by opting for an early Cash Out.
- Over Reliance on Timing: Timing is crucial when using Cash Out. Making hasty decisions or cashing out too early may result in missed opportunities for greater profits. Conversely, waiting too long can lead to lower Cash Out values or even losing the chance to Cash Out altogether.
Types of Betfred Cash Out
Betfred does not provide partial cash-out, a feature that allows bettors to cash out a portion of their bet while leaving the remaining amount in play. Auto Cash Out, which automatically settles a bet when it reaches a predetermined value set by the bettor, is also not available on Betfred. Currently, Betfred only offers the option of full Cash Out to its customers.
However, there is a possibility that Betfred may introduce additional types of cash-outs in the future, providing customers with more diverse options to manage their bets. We will update this page accordingly.
How Do I Know if Cash Out is Available?
Sports events that offer the cash out function are designated with a distinctive red and white circle icon, which is visible in the pre-match lineup. Alternatively, you can view your bet slip to identify matches that allow Cash Out.
There are several reasons why Betfred may prohibit you from utilizing the Cash Out feature for your bet:
- Your bet includes markets that are ineligible for Cash Out.
- One or more markets within the bet are currently suspended.
- The bet was placed using a Free bet.
- The Cash Out value would be £0.
- One or more markets within the bet have closed, and are still awaiting settlement.
- Your bet has not commenced yet.
Sports and Bet Types Eligible for Cash Out
The Cash Out function can be utilized both prior to the commencement of the match and while the game is in progress. Cash Out is accessible for four sports categories: horse racing, football, tennis, and golf. But keep in mind that there are restrictions in horse races. The Cash Out feature is not available on racing single bets and during the ‘Live’ race. The option to close a horse racing bet early is exclusively available for multiple bets.
Betfred offers the Cash Out feature for an extensive selection of markets. Football wagers, such as 1×2, Totals, Both Teams to Score, are among the options where you can take advantage of Cash Out.
Tips for Using Betfred Cash Out
- Monitor your bets: Make sure to keep an eye on your live bets. Situations in a game can change very quickly and so can the Cash Out value. Being vigilant will allow you to make a better decision about whether to cash out or let the bet run.
- Don’t be greedy: The idea of waiting a little longer for potentially more profit can be very tempting. However, the situation can reverse just as quickly. If you’re happy with the Cash Out value being offered, it might be wise to take it.
- Stay mindful of the restrictions: It is important to remain aware that Cash Out may not be available for certain markets and can be suspended at any time due to various factors. For example, during a football match, Cash Out might be unavailable or suspended in cases such as penalty kicks or other significant game incidents. Additionally, it is essential to note that Cash Out cannot be utilized when using bonus funds.
- Keep emotions in check: Betting can be an emotional rollercoaster. The key is to not let your emotions dictate your decisions. Make sure you’re thinking clearly and logically before deciding to Cash Out.
Betfred Cash Out FAQ
What types of Cash Out does Betfred offer?
Betfred punters have access to the full Cash Out option only. Regrettably, the bookmaker does not present additional cash out options like partial or automatic cash out.
What types of bets and sports outcomes can I cash out at Betfred?
Cash Out is available for four sports categories: horse racing, football, tennis, and golf. The Cash Out option is accessible for various types of bets, including 1X2 bets, totals, handicaps, and other wager types.
Why is the Cash Out Option Missing or Suspended?
The Cash Out option may be missing or suspended for various reasons. These factors include the presence of markets within your bet that are ineligible for Cash Out, the suspension of one or more markets included in the bet, and some others.