Welcome to our guide to cashing out at Paddy Power’s sportsbook. We will show you how to cash out on Paddy Power’s standard website as well as their betting app, and give you a few reasons why the Paddy Power cash out early service could prove to be invaluable.
Paddy Power are one of Europe’s best-loved bookmakers. From their competitive sports betting odds to their frequently outrageous promotional campaigns, it’s easy to see why Paddy Power have become the bookie of choice for many sports betting enthusiasts. And by allowing you to cash out, Paddy Power have boosted their betting credentials even further. Let’s take a look at how their cash out service ranks alongside some other betting sites with cash out facilities.
Why is cashing out so popular?
Most decent bookmakers like Paddy Power now give their customers a chance to cash out their bets early. But what does it mean to cash out a bet? In simple terms, it just means that you get to conclude your sports bet early, before the normal time that your bet would have been settled in. This means that you get the chance to settle on a cash out price that could help you cling on to a profit or avoid a much larger loss.
For example, if you had placed an outright bet very early in the season that Newcastle United would win the Premier League, but realised that there was little chance of this happening, then you could cash out your bets to take advantage of the marginally better price rather than losing your bet as a whole. Or if your favourite football team was winning their match and you were looking likely to win your bet, then you could cash out your football bets and lock in your profits to avoid the chance of a last minute disappointment.
So why doesn’t everybody cash out their bets early on? The main reason is that if you cash out your bets, then you will have to settle for a market price that might not be as generous as if you had seen your bet through to the end. All of which shows why cashing out can take plenty of skill and just a little luck.
How to cash out Paddy Power bets on their website
Most people will use a desktop or laptop computer to wager on Paddy Power’s website, and the bookie gives you an easy way to cash out your bets here. Once you had placed your bets and they were still unsettled, then you could simply head up to the Cash Out tab in the top right corner of the Betfred homepage. If you have any relevant bets that could be cashed out, there will be a number displayed alongside the Cash Out icon.
By clicking on the Cash Out tab, you will see a shortlist of the eligible bets. If there is a bet that you wish you cash out on Paddy Power, then you should see the blue Cash Out button alongside your bet that allows you to instantly cash the bet out.
What makes the Paddy Power cash out early feature particularly impressive is the fact that they also allow you to try a partial cash out. This can be accessed by clicking on the green slider button next to the main cash out icon, and then you can use the slider to partially cash out however much you desire.
Both the standard cash out option and the partial cash out option will display the current market price for a Paddy Power cash out. If this looks good to you, then you can click Cash Out and instantly cash your bet out.
Cashing out on the Paddy Power app
There will be many times when you are away from home and have a bet you want to cash out early. Paddy Power’s app gives you a simple way to do this from the convenience of your iOS or Android mobile device.
This is fairly similar to cashing out bets on the Paddy Power website. Just place your sports bets as normal, and then you can open the bet slip in the My Bets area where you will see a cash out window conveniently located at the upper right corner of your smartphone or tablet screen.
From here, you will see a list of all of the relevant bets that you can cash out. Paddy Power will show you the current market price for cashing out on the blue Cash Out button, and there is also the all-important green slider button that allows you to partially cash out your sports bets. If the cash out price looks good to you, then you can simply click Cash Out and then pick up your stake as normal.
Why can’t I cash out a bet at Paddy Power?
Whilst Paddy Power offer their quick and easy cash out feature for a vast range of sports bets, it’s also true that the brand don’t extend this cashing out service to all markets on their sportsbook. So if you can’t see your bet in the Cash Out section of the betting slip, here are a few reasons as to why it might not be included.
You can’t cash out extra bets
If you’ve picked up some extra bet tokens as part of the Paddy Power bonus or any other sports betting promotion, then you probably won’t be able to cash them out. Similarly, if your betting stake was part of any kind of promotion like an enhanced price deal, then you won’t be able to cash it out.
Certain markets and bet types can’t be cashed out
It’s also true that certain betting markets simply don’t include cash out options. This is fairly common for many horse racing betting markets, and certain types of bet also don’t lend themselves to being cashed out.
Other reasons why you can’t cash out
If there was an unexpectedly sudden price change, then you might find that the cash out option would become unavailable. Plus it’s always good to refresh your page or even delete the cookies in your browser should there be any technical issues.