The extremely popular cash out feature that Betfair operate has been extended to include multiples and accumulator bets. The feature has proved amazingly successful, and while the exchange were the first firm to offer the cash out facility, other firms have since followed suit – but Betfair have again stolen a march on their rivals by expanding the range of bets included.
What is Cash Out?
Quite simply, the cash out feature allows customers to settle their bets early, before the event has finished – either banking some winnings or cutting losses. The unique approach of the betting exchanges meant this has always been possible for shrewd bettors, familiar with trading, but the introduction of the simple ‘one click’ Cash out button made it available to all. The advent of in play betting and live odds led to traditional bookmakers offering very similar features – one less imaginative firm even went as far as calling their feature ‘Cash in’.
Cash out Multiples
In order to stay ahead of their rivals and remain one of the most innovative betting firms around, Betfair have made the feature available over multiple bets. So a four race accumulator in the day’s horse racing, could be cashed in early if the first couple of selections land, but doubts have crept in for the selections to run. It remains to be seen if rival firms will be able to emulate the exchange with this expansion, but for those punters who like a big price accumulator, the cash out function could prove invaluable.
Read more on the cash out feature here.