Thank you for your e-mail. We only offer the cash out feature on certain markets. You can still cash out of your bet by
trading (placing a lay bet against your back bet).
Trading is one of the best and most unique things about
Betfair.
Trading is having more than one bet in a market; seeking to improve your position or lock in a profit on all possible outcomes.
For an example, you have layed a selection first, and then backed the same selection soon after at a higher price, guaranteeing a profit whichever result occurs. This is what most customers call a Green Book because all possible outcomes show a profit. On top of that, your liability is now zero, meaning there are no funds tied up from your account, so you can place more bets on other markets.
When
trading, you want to lay at a low price and back at a higher price. Use the Predictive Profit & Loss (P&L) or ‘What If?’ function (click on ‘Options’ above each market once you’ve logged in) to do the calculations for you.
Think of it like buying a house at one price, then selling it later at a higher price.
Live sport is perfect for
trading; this is why many events at
Betfair match far more bets in-play than before the event began.
Please do not hesitate to contact us if you have any further enquiries.