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In this piece, we will take you through everything you need to know about Betfair’s Cash out feature. We’ll explain 5️⃣ what it is, how you calculate it, and how you can leverage it to increase your winning strike rate from 5️⃣ your bets. It rightfully features in the list of the best cash out betting sites.
What is cash out on Betfair 5️⃣ Exchange?
Betfair Cash out feature allows you to guarantee your profits or manage your losses on a bet. You can think 5️⃣ of it as selling your current bet to another user either for a profit or loss, depending on the odds 5️⃣ movement.
For instance, say you have a £100 Double Chance bet of Home or Draw at an odd of 1.30 on 5️⃣ a match. Suppose the away team scores a goal, the odds for the Away team or a Draw drop to 5️⃣ 1.15. At this point, you can cash out at a £13 profit since your bet is currently worth more than 5️⃣ when you placed it. Simply put, your chances of the Away team winning or drawing are higher.
How does it work?