Cash out bets

On Betfair sports you can now cash out bets placed on accas (accumulators). There is a number of markets that allow you to do this  including win-draw-win, overs goal markets and both teams to score in some games. The amounts fluctuate depending on the scores so the more games you have winning the better the cash out offer. You can only cash out bets on multiples if at least one of the games are in play, if its in between games you will not be given the option. You can cash out bets on the iPhone/iPad app and the mobile site on Betfair for Android or other smart phones. New customers to Betfair sports can register and bet £10 to get £30 free – one of the biggest percentage bonuses on offer.

Click here to bet £10 and get £30 free with Betfair

Cash out bets – How its done

For this example of how cashing out your bets works we placed a small accumulator (treble) and the first two matches had won and we were down to the last match. The images show how the odds move depending on the score and how the system works.

Cash out bets – Example

cash out betsImage 1cash in bets on betfairImage 2no matches in playImage 3

Image 1 – The first leg has won so the bet is still active but as there are no games in play the bet shows as suspended.

Image 2 – This shows how the bet is displayed in play, allowing you to check the score and progress, it also shows the other legs of the bet.

Image 3 – The second leg has won so we are now waiting for the final game – again the market is suspended so you cannot cash out the bet.

Cash out bets – When you’re not even winning!

bets losingImage 4final legImage 5cash out takenImage 6

Image 4 – This is the main screen that shows an over view of your bet with the cash out option as the bet has gone in play.

Image 5 – This shows each leg of the bet and the potential profit as Brugge are now winning the match.

Image 6 – Brugge conceded but we still can still cash out bets for our stake back and a very small profit, just tap the big yellow button to take the money.

Cash out bets = Our thoughts

The cash out bets option on Betfair is a great feature that can be really maximised if your bet includes a late kick off or multiple kick off times. It can still be used for a Saturday accumulator but can be a bit hectic if you have a number of games to keep track of. It is a great option to have in your betting arsenal especially if your last team is only winning by one goal.

We’re always getting asked on twitter (@bettingapps) “Should I cash out my bet” and theres not hard and fast yes/no answer. We’re usually of the belief that you should let it run, a few of years ago you would never have had this problem to consider. The way to look at it, for us, is that if the amount of money on offer to you is important to you then take the money, if not let it run. You don’t want to miss out on the money on offer if you need it, but you need to be prepared for if the bet would have won.

We had a customer on twitter recently who cashed out a £10 10 bet acca for £107.43 when he would have won £15,327 if it came in – and it would have. Unfortunately he’d been offered £600 and as he went to cash out there was an equaliser that dropped the cash out to the £107.43 with out him noticing, so remember to double check before you hit the cash out button. He said he panicked and cashed out after getting nervous about the bet and said “it could only have happened to me”!