How to cash out at Betfred

Last updated & tested: 2019-10-10

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Alongside live betting, cashing out has become one of the most exciting additions to the sports betting realm in recent years. As a result, it’s no real surprise to find that top UK bookmakers like Betfred would jump on the cash out bandwagon.

We are going to show you how to cash out Betfred bets, and we will explain why the Betfred cash out early option could be better than some other betting sites with cash out. And with a few key reasons as to why cashing out a bet holds plenty of advantages, you should have everything you need to try the Betfred cash out service.

What does cashing out mean?

Most sports betting fans will have suffered the agony of losing a potentially profitable bet in the dying moments of a sporting encounter. Cashing out your bets gives you an easy way to make a decent profit by settling your wager early.

Rather than waiting until the sporting event had concluded, many bookmakers will now give you the option to cash out your bets as and when you choose. So if you were wagering on England’s cricket team in a Test match and wanted to capitalise on the decent odds before the next inevitable batting collapse, then you could cash out your bets early and still make a respectable profit.

The great thing about cashing out your bets is the fact that it can apply to anything from a single tennis match winner bet, to a big football accumulator. So that whether you are trying to hang on to that slender profit, or are escaping from a potential betting disaster, the ability to cash out is a very valuable option.

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If you want to cash out, Betfred makes it easy

Betfred are easily one of the UK’s most recognisable bookmakers, and whilst the brand have retained a strong no-nonsense attitude to their sports bets, they have also made cashing out a key part of their sports betting service.

If you have a bet that you want to cash out, Betfred allow you to use this feature on single and multiple bets for a range of different types of sport that include popular options like horse racing, football and golf.

Like all decent bookmakers, Betfred will show you the cash out price before you settle your bet early. This value will be based on your original bet, as well as the status of any selections completed, and the current price of any remaining bets. Just remember that the cash out value may be larger or smaller than your original betting stake.

How to cash out Betfred bets on their website

It’s easy to cash out your bets at Betfred. You can find the Betfred cash out option on their CashOut Statement page. This will quickly show you all of the bets that can be cashed out, and there will also be a display of the cash out amount of each sports bet. However, you should know that these cash out values won’t change in real-time, and so you will need to refresh the page so as to get the latest market value for your bet.

Cashing out a bet means that you just have to press the cash out value that is offered alongside the sports bet. This will swiftly bring up a confirmation screen that will display the current cash out price. Now you just have to accept the current cash out price or hit cancel if it looks like it would cause you to lose too much money. Just remember that there could be a seven-second delay if you were wishing to cash out an in-play bet.

For a mobile cash out, Betfred’s app is the best

If you have downloaded the Betfred app to your iOS or Android mobile app, then you will also enjoy a very easy way to cash out your sports bets. Simply place your prematch or in-play bet as normal, and on your Betslip, you will see the CashOut tab located next to the Open Bets tab.

Tapping on the cash out tab will display the relevant sports bet that you were wishing to cash out. This will show you the sport event, what kind of bet you were placing, your winning stake, the total stake, and your total return had the bet been successfully seen through to its conclusion. Underneath all of this will be the cash out button that will display the market value for the cash out price. If this button is blue, has a cash out prize, as well as the little cash out icon, then you can cash out your bets. This gives you an easy way to cash out football bets, or try the tactic on most other sports.

Can you always cash out on Betfred’s betting site?

It’s important to remember that not all of the sports bets featured on Betfred’s site can be cashed out. Certain kinds of sports bets like horse racing single bets can’t be cashed out, although you might be able to cash out a horse racing accumulator.

Similarly, if you have places a sports bet at Betfred with an extra bet token that you’d gained from a promotion like a Betfred bonus, then you won’t be able to cash it out. This also applies to any bets that are part of promotional price packages.

If are a fan of placing multiple bets, then you should know that if you select singles in the multiples section of the betting slip, the cash out option won’t become available until the very last selection has gone live. The same applies for any bets that haven’t yet started.

Finally, we should also state that Betfred won’t allow you to cash out any bets where the cash out price is calculated at being less than a penny, which shouldn’t come as too much of a surprise. But on the whole, Betfred’s cash out facility could be able to help you get out whilst the going’s good regardless of what you are wagering on.

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