Betfair / Betfair is a betting exchange, the largest company in the international online betting market. It has a modest bonus program, but users are attracted by the Cash Out feature. What is it, we will consider in this material.
What is Cash Out and where to find it in Betfair resources
A cashout is a payout to a bettor from a bookmaker that insures a bet and provides income regardless of the outcome of a sporting event. In other words, Cash Out is part of the winnings from a successful bet. If the client's bet plays, but he is not sure that this will be the case until the end of the event, you can take a percentage of the likely winnings.
Cashout has a separate “Withdraw Bet” section on the desktop and mobile versions of the official website, as well as in the Betfair app. It is located in the "header" of the main page in a black strip with the main game sections.
You can also use the Cash Out functions in the bet coupon by clicking on the yellow tab of the same name.
The opportunity to take a share of the profits does not apply to all sports disciplines in Betfair. Cashout is available for:
- football;
- tennis
- basketball;
- hockey
- racing.
How to use the Cash Out feature
The payment of part of the profit is carried out in a few clicks. Having opened the Cash Out slider, you need to click on “Pay out part of the bet”. It remains to select the amount to be withdrawn and confirm the operation.
Important! As long as the cashout function for a specific sporting event is available, the user can receive payments for it an unlimited number of times.
Betfair registrationBetfair Cash Out Confirmation Screen
The cashout slider has protection against accidental clicking on the payout button. If this function is active, by clicking on the payout button, the better will see a confirmation screen in front of him with a report on the size of the cashout. In it, you need to confirm the operation again.
You can enable or disable accidental click protection in the payout settings.
Betfair registrationAnswers to frequently asked questions
Events where the feature is available
In the "Cash Out" section on the official website and in the Betfair mobile application there is a block "Events where the Cash Out function is available". It is located at the bottom under the game information about the possibility of receiving a payout.
Thanks to this block, betters do not need to look for events with active cashouts in other gaming sections. Regardless of the chosen sports discipline, the user will first see the already started events with the Cash Out option, and below them the pre-match line.
Under the tabs with sports is the function of changing the market. At the time of writing (June 2021), the following markets were available:
- match odds;
- correct score;
- both teams to score;
- more/less than 1.5;
- more/less than 2.5;
- over/under 3.5.
Conclusion
In the end, we note that the active Betfair is banned in the Russian Federation by the decision of Roskomnadzor due to the lack of a license from the exchange. However, Russian bettors can create betting accounts with Betfair, gaining access to the full functionality of its resources, including the Cash Out feature.
To access the resources of the exchange, users from the Russian Federation have to use up-to- date working mirrors of the official website, VPN services, proxy servers, browsers like TOR and other tools to obtain a legal IP address.
